M2i Global, Inc. 10-K

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations Results of Operations for the years ended November 30, 2021 and 2020: Revenue During the years ended November 30, 2021, and 2020, we have not generated any revenues. Operating expenses Total operating expenses for the years ended November 30, 2021 and 2020 were $17,837 and $19,195. The operating expenses for the years ended November 30, 2021 and 2020 included Audit Fees of $6,750 and $17,000; Bank Service Charges of $282 and $400; Professional Fees of $805 and $420; Legal of $0 and $1,375; DTC Fees of $10,000 and $0. Net Loss Our net loss for the years ended November 30, 2021, and 2020, was $17,837 and $19,195, respectively. Liquidity and Capital Resources and Cash Requirements As of November 30, 2021, the Company had cash of $114 ($11,312 as of November 30, 2020). Furthermore, the Company had a working capital deficit of $20,557 ($15,854 as of November 30, 2020). During the year ended November 30, 2021, the Company used $35,181 of cash in operating activities due to its net loss $17,837, increase in Account Payable $1,619 and increase in Prepaid Expenses of $18,963. During the year ended November 30, 2020, the Company used $19,574 of cash in operating activities due to its net loss $19,195 and increase in Prepaid Expenses of $379. 7 During the year ended November 30, 2021, the Company generated $23,983 ($30,495 as of November 30, 2020) of cash in financing activities which came from related-party loan of $10,849 ($10,869 as of November 30, 2020) and proceeds from sale of common stock of $13,134 ($19,626 as of November 30, 2020). OFF BALANCE SHEET ARRANGEMENTS We have no off-balance sheet arrangements including arrangements that would affect our liquidity, capital resources, market risk support and credit risk support or other benefits. Item 7A. Quantitative and Qualitative Disclosures about Market Risk Not applicable to smaller reporting companies.