Item 7. Management’s Discussion and Analysis
Item 7. Management's Discussion
and Analysis of Financial Condition and Results of Operations
Results of Operations
for the years ended November 30, 2022 and 2021:
Revenue
During the years ended November
30, 2022 and 2021 we generated total revenue of $1,000 and $0.
Operating expenses
Total operating expenses
for the years ended November 30, 2022 and 2021 were $67,442 and $17,837. The operating expenses for the years ended November 30, 2022
and 2021 included Audit Fees of $9,750 and $6,750; Application Development Expenses of $5,500 and $0; Bank Service Charges of $0 and $282;
Professional Fees of $2,622 and $805; Payroll Expenses of $49,000 and $0; DTC Fees of $0 and $10,000; Website Expenses of $570 and $0.
6
Net Loss
Our net loss for the years
ended November 30, 2022 and 2021 was $66,442 and $17,837, respectively.
Liquidity and Capital
Resources and Cash Requirements
As of November 30, 2022,
the Company had cash of $114 ($114 as of November 30, 2021). Furthermore, the Company had a working capital deficit of $108,369 ($20,557
as of November 30, 2021).
During the year ended November
30, 2022, the Company used $13,010 of cash in operating activities due to its net loss $66,442, decrease in Account Payable of $1,143,
increase in Accrued Payroll of $49,000 and decrease in Prepaid Expenses of $5,575. 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, 2022,
the Company used $21,370 of cash flows in investing activities related to website development. During the year ended November 30, 2021,
the Company generated $0 of cash flows in investing activities.
During the year ended November
30, 2022, the Company generated $34,380 of cash in financing activities which came from related-party loan. During the year ended
November 30, 2021, the Company generated $23,983 of cash in financing activities which came from related-party loan of $10,849 and
proceeds from sale of common stock of $13,134.
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.
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