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Item 8. Financial Statements and Supplementary Data

2022-03-31 compared with 2021-08-03 · 226 added, 223 removed, 96 unchanged (82% of the section changed)

Financial Statements and Supplementary Data

The financial statements

required by this item begin on page F-1 hereof.

to Financial Statements

Report of Independent Registered Public Accounting Firm

Financial Statements and Supplementary

The financial statements required by this item

begin on page F-1 hereof.

Index to Financial Statements

Report of Independent Registered Public Accounting Firm (PCAOB ID # 5041 ) F-1

Financial Statements:

Consolidated Balance Sheets as of December 31, 2020 and 2019

Consolidated Statements of Operations and Comprehensive

Loss for the Years Ended December 31, 2020 and 2019

Consolidated Statements of Changes in Stockholders' Equity for the Years

Ended December 31, 2020 and 2019

Consolidated Statements of Cash Flows for the Years Ended December 31,

2020 and 2019

Notes to Consolidated Financial Statements

Report of Independent Registered

Public Accounting Firm

To the shareholders and the board of

directors of Pony Group, Inc.

Consolidated Balance Sheets as of December 31, 2021 and 2020 F-2

Consolidated Statements of Operations and Comprehensive Loss for the Years Ended December 31, 2021 and 2020 F-3

Consolidated Statements of Changes in Stockholders’ Equity for the Years Ended December 31, 202 1 and 2020 F-4

Consolidated Statements of Cash Flows for the Years Ended December 31, 2021 and 2020 F-5

Notes to Consolidated Financial Statements F-6

Report of Independent Registered Public Accounting

To the shareholders and the board of directors

of Pony Group, Inc.

Opinion on the Financial Statements

2 unchanged sentences

as of December 31, 2021 and 2020, the related statements of operations, stockholders’ equity (deficit),

and cash flows for the years then ended, and the related notes (collectively referred to as the "financial statements").

and cash flows for the years then ended, and the related notes (collectively referred to as the “financial statements”).

our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31,

1 unchanged sentence

generally accepted in the United States.

Substantial Doubt about the Company’s

Ability to Continue as a Going Concern

The accompanying financial statements

have been prepared assuming that the Company will continue as a going concern.

As discussed in Note 2 to the financial statements, the

Company has suffered recurring losses from operations and has a significant accumulated deficit.

In addition, the Company continues to

experience negative cash flows from operations.

These factors raise substantial doubt about the Company's ability to continue as a going

The accompanying financial statements have been

prepared assuming that the Company will continue as a going concern.

As discussed in Note 2 to the financial statements, the Company has

suffered recurring losses from operations and has a significant accumulated deficit.

In addition, the Company continues to experience

negative cash flows from operations.

These factors raise substantial doubt about the Company’s ability to continue as a going concern.

Management’s plans in regard to these matters are also described in Note 2.

The financial statements do not include any adjustments

that might result from the outcome of this uncertainty.

The financial statements do not include any adjustments that

might result from the outcome of this uncertainty.

Basis for Opinion

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Our responsibility is to express an opinion on the Company’s financial statements based on our audit.

are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) ("PCAOB") and are

are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are

required to be independent with respect to the Company in accordance with the U.S.

1 unchanged sentence

regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audit in accordance

with the standards of the PCAOB.

Those standards require that we plan and perform the audit to obtain reasonable assurance about whether

the financial statements are free of material misstatement, whether due to error or fraud.

The Company is not required to have, nor were

we engaged to perform, an audit of its internal control over financial reporting.

As part of our audits we are required to obtain an

understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the

Company’s internal control over financial reporting.

We conducted our audit in accordance with the

standards of the PCAOB.

Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial

statements are free of material misstatement, whether due to error or fraud.

The Company is not required to have, nor were we engaged

to perform, an audit of its internal control over financial reporting.

As part of our audits we are required to obtain an understanding

of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company’s

internal control over financial reporting.

Accordingly, we express no such opinion.

Our audit included performing procedures

to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that

respond to those risks.

Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial

Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as

evaluating the overall presentation of the financial statements.

Our audit included performing procedures to assess

the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond

to those risks.

Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.

Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating

the overall presentation of the financial statements.

We believe that our audit provides a reasonable basis for our opinion.

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BF Borgers CPA PC

We have served as the Company's auditor

GROUP INC., AND SUBSIDIARIES

BALANCE SHEETS

We have served as the Company’s auditor since

March 30, 2022

PONY GROUP INC., AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

Current assets

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Other receivables

Other receivables-related

Deferred offering

Total current

Other receivables-related parties

Total current assets

Liabilities and Equity

1 unchanged sentence

Accounts payable

Other payable-

related parties

Other current

Total current

Other payable- related parties

Other current liability

Total current liabilities

Total liabilities

Ordinary shares, $0.001 par

value, 70,000,000 shares authorized, 11,500,000 and 9,000,000 shares issued and outstanding as of December 31, 2020 and

2019, respectively*

Ordinary shares, $ 0.001 par value, 70,000,000 shares authorized, 11,500,000 shares issued and outstanding as of December 31, 2021 and 2020, respectively*

Additional paid-in capital

Accumulated foreign currency exchange

Group Inc stockholders’

Accumulated foreign currency exchange loss

Accumulated deficit

Total Pony Group Inc stockholders’ equity

Total liabilities and equity

shares are presented on a retroactive basis to reflect the nominal share issuance.

accompanying notes are integral to these consolidated financial statements.

GROUP INC., AND SUBSIDIARIES

STATEMENTS OF OPERATIONS

The Year Ended

* The shares are presented on a

retroactive basis to reflect the nominal share issuance.

The accompanying notes are integral to these consolidated

financial statements.

PONY GROUP INC., AND SUBSIDIARIES

CONSOLIDATED STATEMENTS

OF OPERATIONS

For The Year Ended

Cost of revenue

1 unchanged sentence

General & administrative expenses

Selling expenses

Total operating

Total operating expenses

Income (loss) from operation

Other income (expenses)

Other income (expense)

Total other income

3 unchanged sentences

Comprehensive loss

Basic and diluted earnings (loss)

per common share*

Basic and diluted earnings (loss) per common share*

Weighted average number of shares outstanding*

shares are presented on a retroactive basis to reflect the nominal share issuance.

accompanying notes are integral to these consolidated financial statements.

GROUP INC., AND SUBSIDIARIES

STATEMENT OF CHANGE IN EQUITY

* The shares are presented on a

retroactive basis to reflect the nominal share issuance.

The accompanying notes are integral to these consolidated

financial statements.

PONY GROUP INC., AND SUBSIDIARIES

CONSOLIDATED STATEMENT

OF CHANGE IN EQUITY

Comprehensive

Balance as of

December 31, 2018

from private placement offering

from sole owner

Foreign currency translation adjustment

as of December 31, 2019

Foreign currency translation adjustment

as of December 31, 2020

shares are presented on a retroactive basis to reflect the nominal share issuance.

accompanying notes are integral to these consolidated financial statements.

GROUP INC., AND SUBSIDIARIES

STATEMENTS OF CASH FLOWS

The Year Ended

Balance as of December 31, 2019

$ ( 140,533 )

$ ( 132,098 )

Common stock issued

Cumulative Foreign currency translation adjustment

Balance as of December 31, 2020

$ ( 182,320 )

Cumulative Foreign currency translation adjustment

Balance as of December 31, 202 1

* The shares are presented on a

retroactive basis to reflect the nominal share issuance.

The accompanying notes are integral to these consolidated

financial statements.

PONY GROUP INC., AND SUBSIDIARIES

CONSOLIDATED STATEMENTS

OF CASH FLOWS

For The Year Ended

Operating activities

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Other payable

Cash provided (used) in operating

Cash provided (used) in operating activities

Cash flow used in investing activities:

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Pay for deferred offering cost

Advance from (repayment to) related

Issue of Common Stock

Advance from (repayment to) related party

Proceed from Issue of Common Stock

Cash provided by financing activities

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Cash at end of period

accompanying notes are integral to these consolidated financial statements.

TO CONSOLIDATED FINANCIAL STATEMENTS

The accompanying notes are integral to these consolidated

financial statements.

PONY GROUP INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

1 - ORGANIZATION AND PRINCIPAL ACTIVITIES

Organization and Operations

PONY GROUP INC, (The “Company”

or “PONY”) was incorporated on Jan 7, 2019 in the state of Delaware.

On March 7, 2019, Pony Group Inc (the

“Purchaser”), and Wenxian Fan, the sole owner of PONY LIMOUSINE SERVICES LIMITED, entered into a Stock Purchase Agreement

(the “Purchase Agreement”), pursuant to which Wenxian Fan (the “Seller”) would sell to the Purchaser, and the

Purchaser will purchase from the Seller, 10,000 shares of the PONY LIMOUSINE SERVICES LIMITED, which represented 100% of the shares.

PONY GROUP INC, (The “Company” or “PONY”) was

incorporated on Jan 7, 2019 in the state of Delaware.

On March 7, 2019, Pony Group Inc (the “Purchaser”), and

Wenxian Fan, the sole owner of PONY LIMOUSINE SERVICES LIMITED, entered into a Stock Purchase Agreement (the “Purchase Agreement”),

pursuant to which Wenxian Fan (the “Seller”) would sell to the Purchaser, and the Purchaser will purchase from the Seller,

10,000 shares of the PONY LIMOUSINE SERVICES LIMITED, which represented 100 % of the shares.

On March 7, 2019, this transaction was completed.

PONY LIMOUSINE SERVICES LIMITED (“PONYHK”)

is a limited liability company formed under the laws of Hong Kong on April 28, 2106, which was formed by FAN WENXIAN.

Its registered

office is located at FLAT/RM 01 11/f, LUCKY COMM BLDG, 103 DES VOEUX RD WEST, SHEUNG WAN, HONG KONG.

The business nature of the Company

is to provide cross boarder limousine services to customers.

PONY LIMOUSINE SERVICES LIMITED (“PONYHK”) is a limited

liability company formed under the laws of Hong Kong on April 28, 2016, which was formed by FAN WENXIAN.

Its registered office is located

at FLAT/RM 01 11/f, LUCKY COMM BLDG, 103 DES VOEUX RD WEST, SHEUNG WAN, HONG KONG.

The business nature of the Company is to provide cross

boarder limousine services to customers.

On February 2, 2019, Universe Travel Culture & Technology Ltd.

(“Universe

Travel”) was incorporated as a wholly-owned PRC subsidiary of Pony HK.

Details of the Company’s structure

as of December 31, 2020 is as follow:

Reverse Merger Accounting –

Since Pony HK and Pony US were entities under Ms.

Fan’s common control prior to the “Purchase Agreement”

was executed,

and because of certain other factors, including that the member of the Company’s executive management is from Pony HK, Pony HK

is deemed to be the acquiring company for accounting purposes and the Merger was accounted for as a reverse merger and a recapitalization

in accordance with generally accepted accounting principles in the United States (“GAAP”).

These unaudited consolidated financial

statements reflect the historical results of Pony HK prior to the Merger and that of the combined Company following the Merger, and do

not include the historical financial results prior to the completion of the Merger.

Common stock and the corresponding capital amounts

of the Company pre-Merger have been retroactively restated as capital stock shares.

Basis of Accounting and Presentation -

The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States

Cash and Cash Equivalents –

For purpose of the statements of cash flows, the Company considers all highly liquid debt instruments purchased with a maturity of 90

days or less to be cash equivalents.

Accounts Receivable -

The customers are required to make payments when they book the services, otherwise, the services will not be arranged.

Sometimes, the

Company extends credit to its group clients.

As of December 31, 2020 and December

31, 2019, accounts receivable were $40,705 and $0, respectively.

The company considers accounts receivable to be fully collectible and

determined that an allowance for doubtful accounts was not necessary.

The PONY LIMOUSINE SERVICES LIMITED,

100% subsidiary of the company has agreements with its two major clients that the payments for the services rendered be settled every

The two major clients account for 41.09% of the revenue for the year ended December 31, 2020 and 83.75% for the same period

2019, respectively.

Recognition - The Company recognizes revenue in accordance with ASC 606.

The core principle of ASC606 is to recognize

revenue when promised goods or services are transferred to customers in an amount that reflects the consideration that is expected to

be received for those goods or services.

(“Universe Travel”)

was incorporated as a wholly-owned PRC subsidiary of Pony HK.

Details of the Company’s structure as of December 31, 2021 is

Reverse Merger Accounting – Since Pony HK

and Pony US were entities under Ms.

Fan’s common control prior to the “Purchase Agreement” was executed, and because

of certain other factors, including that the member of the Company’s executive management is from Pony HK, Pony HK is deemed to

be the acquiring company for accounting purposes and the Merger was accounted for as a reverse merger and a recapitalization in accordance

with generally accepted accounting principles in the United States (“GAAP”).

These unaudited consolidated financial statements

reflect the historical results of Pony HK prior to the Merger and that of the combined Company following the Merger, and do not include

the historical financial results prior to the completion of the Merger.

Common stock and the corresponding capital amounts of the Company

pre-Merger have been retroactively restated as capital stock shares.

Basis of Accounting and Presentation - The

accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States

Cash and Cash Equivalents – For purpose

of the statements of cash flows, the Company considers all highly liquid debt instruments purchased with a maturity of 90 days or less

to be cash equivalents.

Accounts Receivable - The customers are required

to make payments when they book the services, otherwise, the services will not be arranged.

Sometimes, the Company extends credit to its

group clients.

As of December 31, 2021 and December 31, 2020, accounts receivable

were $ 47,838 and $ 40,705 , respectively.

The company considers accounts receivable to be fully collectible and determined that an allowance

for doubtful accounts was not necessary.

The PONY LIMOUSINE SERVICES LIMITED, 100 % subsidiary of the company

has agreements with its two major clients that the payments for the services rendered be settled every six months.

The two major clients

account for 62.55 % of the revenue for the year ended December 31, 2021 and 41.09 % for the same period 2020, respectively.

Revenue Recognition -

The Company recognizes revenue in accordance with ASC 606.

The core principle of ASC606 is to recognize revenue when promised goods or

services are transferred to customers in an amount that reflects the consideration that is expected to be received for those goods or

ASC 606 defines a five-step process to achieve this core principle, which includes:

(1) identifying

contracts with customers, (2) identifying performance obligations within those contracts, (3) determining the transaction price, (4)

allocating the transaction price to the performance obligation in the contract, which may include an estimate of variable consideration,

and (5) recognizing revenue when or as each performance obligation is satisfied.

Our sales arrangements generally ask customers to pay

in advance before any services can be arranged.

(1) identifying contracts with customers,

(2) identifying performance obligations within those contracts, (3) determining the transaction price, (4) allocating the transaction

price to the performance obligation in the contract, which may include an estimate of variable consideration, and (5) recognizing revenue

when or as each performance obligation is satisfied.

Our sales arrangements generally ask customers to pay in advance before any services

can be arranged.

The company recognizes revenue when each performance obligation is satisfied.

and terms and the completion of any customer acceptance requirements, when applicable, are used to verify services rendered.

has no returns or sales discounts and allowances because services rendered and accepted by customers are normally not returnable.

of revenue –

Cost of revenue includes cost of services rendered during the period, net of discounts and sales

Income Taxes –

Income tax expense represents current tax expense.

The income tax payable represents the amounts expected to be paid to the taxation

Hong Kong profits tax has been provided at the rate of 16.5% on the estimated assessable profit for the period.

Foreign Currency Translation -

PONY LIMOUSINE SERVICES LIMITED’s functional currency is the Hong Kong Dollar (HK$) and Universe Travel Culture & Technology

Ltd.’s functional currency is the Renminbi (RMB).

Documents and terms and the completion

of any customer acceptance requirements, when applicable, are used to verify services rendered.

The Company has no returns or sales discounts

and allowances because services rendered and accepted by customers are normally not returnable.

Cost of revenue – Cost

of revenue includes cost of services rendered during the period, net of discounts and sales tax.

Income Taxes – Income tax expense represents

current tax expense.

The income tax payable represents the amounts expected to be paid to the taxation authority.

Hong Kong profits tax

has been provided at the rate of 16.5 % on the estimated assessable profit for the period.

Foreign Currency Translation - PONY LIMOUSINE

SERVICES LIMITED’s functional currency is the Hong Kong Dollar (HK$) and Universe Travel Culture & Technology Ltd.’s functional

currency is the Renminbi (RMB).

The reporting currency is that of the US Dollar.

Assets, liabilities and owners’

contribution are translated at the exchange rates as of the balance sheet date.

Income and expenditures are translated at the average

exchange rate of the year.

The exchange rates used to translate

amounts in HK$ and RMB into USD for the purposes of preparing the financial statements were as follows:

Assets, liabilities and owners’ contribution are

translated at the exchange rates as of the balance sheet date.

Income and expenditures are translated at the average exchange rate of

The exchange rates used to translate amounts in HK$ and RMB into USD

for the purposes of preparing the financial statements were as follows:

December 31, 202 1

12 unchanged sentences

RMB 6.90 to US $ 1.00

- GOING CONCERN

The Company had operating losses of

$41, 787 and $115,735 during the year ended December 31, 2020 and 2019, respectively.

The Company has accumulated deficit

of $182,320 and $140,533 as of December 31, 2020 and December 31, 2019, respectively.

The Company’s continuation as a going concern

is dependent on its ability to generate sufficient cash flows from operations to meet its obligations and/or obtain additional financing,

as may be required.

The accompanying financial statements

have been prepared assuming the Company will continue as a going concern;

however, the above condition raises substantial doubt about

the Company’s ability to do so.

The financial statements do not include any adjustments to reflect the possible future effects

on the recoverability and classification of assets or the amounts and classification of liabilities that may result should the Company

be unable to continue as a going concern.

Management’s Plan to Continue

as a Going Concern

In order to continue as a going concern,

the Company will need, among other things, additional capital resources.

Management’s plans to obtain such resources for the Company

include (1) obtaining capital from the sale of its equity securities, (2) sales of the Company’s products, (3) short-term and long-term

borrowings from banks, and (4) short-term borrowings from stockholders or other related party (ies) when needed.

However, management

cannot provide any assurance that the Company will be successful in accomplishing any of its plans.

The ability of the Company to continue

as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually

to secure other sources of financing and attain profitable operations.

- RELATED PARTY TRANSACTIONS

PONY GROUP INC, incorporated on Jan

7, 2019 in the state of Delaware, is the sole owner of PONY LIMOUSINE SERVICES LIMITED (Pony HK), as of December 31, 2020, Pony HK has

paid $141,902 on behalf of PONY GROUP INC for the US legal and audit cost incurred relevant to the OTC listing.

Amount of receivable from shareholders

due to the company declared a 6,000 to 1 stock split.

NOTE 2 - GOING CONCERN

The Company had operating losses of $ 98,006 and $ 41,787 during the

year ended December 31, 2021 and 2020, respectively.

The Company has accumulated deficit of $ 280,326 and $ 182,320 as of

December 31, 2021 and December 31, 2020, respectively.

The Company’s continuation as a going concern is dependent on its ability

to generate sufficient cash flows from operations to meet its obligations and/or obtain additional financing, as may be required.

The accompanying financial statements have been prepared assuming the

Company will continue as a going concern;

however, the above condition raises substantial doubt about the Company’s ability to do

The financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification

of assets or the amounts and classification of liabilities that may result should the Company be unable to continue as a going concern.

Management’s Plan to Continue as a Going Concern

In order to continue as a going concern, the Company will need, among

other things, additional capital resources.

Management’s plans to obtain such resources for the Company include (1) obtaining capital

from the sale of its equity securities, (2) sales of the Company’s products, (3) short-term and long-term borrowings from banks,

and (4) short-term borrowings from stockholders or other related party (ies) when needed.

However, management cannot provide any assurance

that the Company will be successful in accomplishing any of its plans.

The ability of the Company to continue as a going concern is dependent

upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually to secure other sources of financing

and attain profitable operations.

NOTE 3 - RELATED

PARTY TRANSACTIONS

PONY GROUP INC, incorporated on Jan 7, 2019 in the state of Delaware,

is the sole owner of PONY LIMOUSINE SERVICES LIMITED (Pony HK), as of December 31, 2021, Pony HK has paid $ 223,399 on behalf of PONY GROUP

INC for the US legal and audit cost incurred relevant to the OTC listing.

Amount of receivable from shareholders due to the company declared

a 6,000 to 1 stock split.

After the stock split, the par value of the commons stocks was $ 0.001 per share.

The shareholders should pay the consideration of $8,898 to the company.

The shareholders should pay

the consideration of $ 8,998 to the company.

For the company use a retroactive basis to p resent

2 unchanged sentences

Total due from related parties

Wenxian Fan, the director, loaned

working capital to Pony HK with no interest and paid on behalf of Pony HK for the subcontracted services and employee salaries.

The Company has the following payables

Wenxian Fan, the director, loaned working capital to Pony HK with

no interest and paid on behalf of Pony HK for the subcontracted services and employee salaries.

The Company has the following payables to Ms.

To Wenxian Fan

Total due to related parties

- MAJOR SUPPLIERS AND CUSTOMERS

The Company purchased majority of its

subcontracted services from five suppliers which accounted for 100% of the total purchases during the year ended December 31, 2020:

BUSINESS LIMITED for 65.61%, YAHONG BUSINESS LIMITED for 24.10%, FUN TRAVEL for 6.26%, IBIS TOUR AND TRAVEL CO.

for 2.35% and HONG CHENG

The Company had for major customers

for the year ended December 31, 2020:

HK HENGDELI TRADING LIMITED for 14.28% of revenue, HENG TAI WINE LIMITED for 26.81% of revenue,

Shenzhen Shangjia Electronic Technology., Ltd for 17.61% of revenue and Shenzhen Yinxin Enterprise Service Co., Ltd for 41.04%.

NOTE 4 - MAJOR SUPPLIERS

AND CUSTOMERS

The Company purchased majority

of its subcontracted services from two major suppliers for the year ended December 31, 2021:

CHANGYING BUSINESS LIMITED for 71.39 %,

Shenzhen Lingshang Cultural Technology Co., Ltd for 25.31 %.

had two major customers for the year ended December 31, 2021:

HENG TAI WINE LIMITED for 57.75 % of revenue and Beijing Deheng

Law Firm for 29.22 % of revenue.

NOTE 5 - COMMON STOCK

On May 23, 2019, PONY GROUP INC sold

1,500 shares of common stock to the following shareholders.

On May 24, 2019, these transactions were completed, the consideration received

were deposited into the company’s bank account.

On May 23, 2019, PONY GROUP INC sold 1,500 shares of common stock to

the following shareholders.

On May 24, 2019, these transactions were completed, the consideration received were deposited into the company’s

bank account.

On June 1, 2020, the company declared a 6,000 to 1 stock split.

After the stock

split, the par value of the commons stocks was $0.001 per share.

The shareholders and the number of shares held after the stock dividend

are as following:

After the stock split, the par value of the commons stocks

was $ 0.001 per share.

The shareholders and the number of shares held after the stock dividend are as following:

Consideration

5 unchanged sentences

Wisdom travel service investments Limited

In June 2020,

the Company announced the closing of its initial public offering of 2,500,000 ordinary shares at a public offering price of $0.1 per

share, for total gross proceeds of approximately $250,000 before deducting underwriting discounts, commissions and other related expenses.

In June 2020, the Company announced the closing

of its initial public offering of 2,500,000 ordinary shares at a public offering price of $ 0.1 per share, for total gross proceeds of

approximately $ 250,000 before deducting underwriting discounts, commissions and other related expenses.

NOTE 6 - SUBSEQUENT EVENTS

has evaluated subsequent events through June 22, 2021, the date which the financial statements were available to be issued.

All subsequent

events requiring recognition as of December 31, 2020 have been incorporated into these financial statements and there are no subsequent

events that require disclosure in accordance with FASB ASC Topic 855, “Subsequent Events.”

Management has evaluated subsequent events through March 1, 2022, the

date which the financial statements were available to be issued.

All subsequent events requiring recognition as of December 31, 2021 have

been incorporated into these financial statements and there are no subsequent events that require disclosure in accordance with FASB ASC

Topic 855, “Subsequent Events.”

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 8. Financial Statements and Supplementary Data