What changed in this filing

/stocks — the workspaceLOADING

Item 5. Market for Registrant’s Common Equity

2022-12-19 compared with 2022-12-19 · 69 added, 92 removed, 160 unchanged (50% of the section changed)

MARKET FOR REGISTRANTS COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

shares of common stock are quoted on the OTC Markets, Pink Tier, under the symbol PKPH. On December 16, 2022, the closing price

of our common stock reported by the OTC Markets was $0.044 per share.

shares of common stock are quoted on the OTC Markets, Pink Tier, under the symbol PKPH. On December 16, 2022, the closing

price of our common stock reported by the OTC Markets was $0.044 per share.

transfer agent and registrar for our common stock is Securities Transfer Corporation, 2901 North Dallas Parkway, Suite 380, Plano, Texas

30 unchanged sentences

statements expressing general optimism about future operating results, and non-historical information, are forward looking statements.

In particular, the words believe, expect, intend, anticipate, estimate, may,

variations of such words, and similar expressions identify forward-looking statements, but are not the exclusive means of identifying

such statements, and their absence does not mean that the statement is not forward-looking.

These forward-looking statements are subject

to certain risks and uncertainties, including those discussed below.

Our actual results, performance or achievements could differ materially

from historical results as well as those expressed in, anticipated, or implied by these forward-looking statements.

We do not undertake

any obligation to revise these forward-looking statements to reflect any future events or circumstances.

In particular, the words believe, expect, intend, anticipate, estimate,

may, variations of such words, and similar expressions identify forward-looking statements, but are not the exclusive means

of identifying such statements, and their absence does not mean that the statement is not forward-looking.

These forward-looking statements

are subject to certain risks and uncertainties, including those discussed below.

Our actual results, performance or achievements could

differ materially from historical results as well as those expressed in, anticipated, or implied by these forward-looking statements.

We do not undertake any obligation to revise these forward-looking statements to reflect any future events or circumstances.

should not place undue reliance on these forward-looking statements, which are based on managements current expectations and projections

12 unchanged sentences

Plan of Operation (MD&A), unless otherwise noted.

All the GAAP financial measures used by us in this report relate to the inclusion

of financial information.

This discussion and analysis should be read in conjunction with our financial statements and the notes thereto

included elsewhere in this annual report.

All references to dollar amounts in this section are in United States dollars, unless expressly

stated otherwise.

All the GAAP financial measures used by us in this report relate to the

inclusion of financial information.

This discussion and analysis should be read in conjunction with our financial statements and the

notes thereto included elsewhere in this annual report.

All references to dollar amounts in this section are in United States dollars,

unless expressly stated otherwise.

Please see our Risk Factors for a list of our risk factors.

4 unchanged sentences

The Companys cash and cash equivalents balance as of September 30, 2020 was $408.

These factors raise substantial

doubt about the Companys ability to continue as a going concern.

These factors raise substantial doubt

about the Companys ability to continue as a going concern.

we will actively seek to identify sources of liquidity, there are no assurances that such additional sources of liquidity can be obtained

2 unchanged sentences

as a going concern.

Furthermore, our going concern and lack of commercial operations may make it more difficult for us to

Furthermore, our going concern and lack of commercial operations may make it more difficult for us

to raise funds.

consolidated financial statements do not include any adjustments that may be necessary should the Company be unable to continue as a

going concern.

The Companys continuation as a going concern is dependent on its ability to obtain additional financing as may be

required and ultimately to attain profitability.

The Companys continuation as a going concern is dependent on its ability to obtain additional financing as may

be required and ultimately to attain profitability.

If the Company raises additional funds through the issuance of equity, the percentage

13 unchanged sentences

Total operating expenses

increase in general and administrative expenses for the year ended September 30, 2021, compared to the year ended September 30, 2020

of $63,186 is due primarily to an increase in audit and accounting fees.

decrease in general and administrative expenses for the year ended September 30, 2020, compared to the year ended September 30, 2019

of $149 is due primarily to a decrease in accounting fees.

Years ended September 30,

Interest Expense (including related party interest of $24 and $0)

Gain on forgiveness of debt

Interest Expense

Total other expenses

expense increased by $921 for the year ended September 30, 2021 from the comparative period of 2020 due to accrued interest on the note

payable issued in June 2021.

The gain on forgiveness of debt of $3,029 was a result of a decrease of accounts payable as a result of

vendor adjustments.

expense increased by $1,167 for the year ended September 30, 2020 from the comparative period of 2019 due to the increase in interest

rate to 15% on the Companys notes payable due to the default rate provisions.

and Capital Resources

4 unchanged sentences

Working capital

increase in current assets of $260,744 is mainly due to an increase in cash from the issuance of notes payable during the year ended

September 30, 2021.

decrease in current assets of $119 is mainly due to a decrease in cash from the payment of outstanding bills during the year ended September

The increase in current liabilities of $14,892 is due primarily to an increase in accounts payable and accrued expenses.

as well as notes payable issued during the year ended September 30, 2021.

following table sets forth a summary of changes in cash flows for the years ended September 30, 2020 and 2019:

1 unchanged sentence

Net cash used in operating activities

Net cash provided by financing activities

Net change in cash

Change in cash

of September 30, 2020, our cash balance was $408.

1 unchanged sentence

to meet its financial needs for continuing operations over the next twelve months.

cash used in operations for the year ended September 30, 2021 was $14,256 due primarily to the net loss that was incurred during the

cash provided by financing activities for the year ended September 30, 2021 was $275,000 due to the issuance of notes payable during

cash used in operations for the year ended September 30, 2020 was $119 due primarily to the net loss that was incurred during the year.

may need to evaluate raising additional capital through the sale of equity securities, through an offering of debt securities or through

3 unchanged sentences

December 16, 2022, we had cash and cash equivalents of approximately $97,000.

During the year ended September 30, 2021, the Company received

an aggregate of $275,000 related to the issuance of 14 notes payable to various noteholders, including an aggregate of $35,000 as a result

of two notes payable issued to the Companys Chief Executive Officer, a related party.

The notes are unsecured, bear interest at

1.5% per annum, mature on September 30, 2021, have not been extended, and are currently in default.

There can be no assurance, however,

that additional financing will be available or, if it is available, that we will be able to structure such financing on terms acceptable

to us and that it will be sufficient to fund our cash requirements until we can reach a level of profitable operations and positive cash

Even if we are able to raise the funds required, it is possible that we could incur unexpected costs and expenses or experience

unexpected cash requirements that would force us to seek additional financing.

If additional financing is not available or is not available

on acceptable terms, we will have to curtail our operations.

During the year ended September 30, 2021,

the Company received an aggregate of $275,000 related to the issuance of 14 notes payable to various noteholders, including an aggregate

of $35,000 as a result of two notes payable issued to the Companys Chief Executive Officer, a related party.

The notes are unsecured,

bear interest at 1.5% per annum, and mature on September 30, 2021.

There can be no assurance, however, that additional financing will

be available or, if it is available, that we will be able to structure such financing on terms acceptable to us and that it will be sufficient

to fund our cash requirements until we can reach a level of profitable operations and positive cash flows.

Even if we are able to raise

the funds required, it is possible that we could incur unexpected costs and expenses or experience unexpected cash requirements that

would force us to seek additional financing.

If additional financing is not available or is not available on acceptable terms, we will

have to curtail our operations.

Sheet Arrangements

41 unchanged sentences

Issued Accounting Pronouncements

August 5, 2020, the FASB issued Accounting Standards Update (ASU) 2020-06, Debt—Debt with Conversion and Other Options (Subtopic

470-20) and Derivatives and Hedging—Contracts in Entitys Own Equity (Subtopic 815-40 , which simplifies the accounting

August 5, 2020, the FASB issued Accounting Standards Update (ASU) 2020-06, Debt—Debt with Conversion and Other Options (Subtopic

470-20) and Derivatives and Hedging—Contracts in Entitys Own Equity (Subtopic 815-40 , which simplifies the accounting

for certain financial instruments with characteristics of liabilities and equity, including convertible instruments and contracts on

8 unchanged sentences

that the adoption of this guidance has no impact on its consolidated financial statements.

June 2016, the FASB issued ASU No.

2016-13, Financial Instruments - Credit Losses (Topic 326):

Measurement of Credit Losses on Financial

Instruments (ASU 2016-13).

ASU 2016-13 amends the guidance on the impairment of financial instruments.

This update adds

an impairment model (known as the current expected credit losses model) that is based on expected losses rather than incurred losses.

Under the new guidance, an entity recognizes, as an allowance, its estimate of expected credit losses.

In November 2019, the FASB issued

2019-10, Financial Instruments - Credit Losses (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842) .

ASU 2019-10 changes the effective date of the credit loss standard (ASU 2016-13) to fiscal years beginning after December 15, 2022, including

interim periods within those fiscal years for smaller reporting companies.

Further, the ASU clarifies that operating lease receivables

are not within the scope of ASC 326-20 and should instead be accounted for under the new leasing standard, ASC 842.

The Company has determined

that the adoption of this guidance has no impact on its consolidated financial statements.

Adopted Accounting Pronouncements

December 2019, the FASB issued ASU No.

2019-12, Income Taxes – Simplifying the Accounting for Income Taxes (Topic 740),

2019-12, Income Taxes –

Simplifying the Accounting for Income Taxes (Topic 740),

(ASU 2019-12), which simplifies income tax accounting in various areas including, but not limited to, the accounting for

2 unchanged sentences

ASU 2019-12 is effective for interim and annual periods beginning after December 15, 2020.

The Company adopted ASU 2018-13 on September 30, 2021 and has determined that the adoption of this guidance had no impact on its consolidated

financial statements.

The Company has determined that the adoption of this guidance has no impact on its consolidated financial statements.

Adopted Accounting Pronouncements

August 2018, the FASB issued ASU No.

2018-13, Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement

(ASU 2018-13), which eliminates certain disclosure requirements for fair value measurements for all entities, requires

public entities to disclose certain new information and modifies some disclosure requirements.

The guidance is effective for all entities

for fiscal years beginning after December 15, 2019, including interim periods therein.

Early adoption is permitted for any eliminated

or modified disclosures upon issuance of ASU 2018-13.

The Company adopted ASU 2018-13 on October 1, 2020 and has determined that the

adoption of this guidance had no impact on its consolidated financial statements.

May 10, 2017, the Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) 2017-09

Compensation—Stock Compensation (Topic 718):

Scope of Modification Accounting , which provides guidance to clarify

when to account for a change to the terms or conditions of a share-based payment award as a modification.

Under the new guidance, modification

accounting is required only if the fair value, the vesting conditions, or the classification of the award (as equity or liability) changes

as a result of the change in terms or conditions.

The guidance is effective prospectively for all companies for annual periods In August

2018, the FASB issued ASU No.

2018-13, Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement

2018-13, Disclosure Framework –

Changes to the Disclosure Requirements for Fair Value Measurement

(ASU 2018-13), which eliminates certain disclosure requirements for fair value measurements for all entities, requires

4 unchanged sentences

or modified disclosures upon issuance of ASU 2018-13.

The Company adopted ASU 2018-13 on October 1, 2020 and has determined that the

adoption of this guidance had no impact on its consolidated financial statements.

The Company adopted ASU 2018-13 on October 1, 2020 and has determined that

the adoption of this guidance had no impact on its consolidated financial statements.

February 2016, the FASB issued ASU No.

2016-02, Leases, to improve financial reporting about leasing transactions.

This ASU will

require organizations that lease assets (lessees) to recognize a lease liability and a right-of-use asset on its balance

sheet for all leases with terms of more than twelve months.

A lease liability is a lessees obligation to make lease payments arising

from a lease, measured on a discounted basis and a right-of-use asset represents the lessees right to use, or control use of,

a specified asset for the lease term.

The amendments in this ASU simplify the accounting for sale and leaseback transactions primarily

because lessees must recognize lease assets and lease liabilities.

This ASU leaves the accounting for the organizations that own the

assets leased to the lessee (lessor) largely unchanged except for targeted improvements to align it with the lessee accounting

model and Topic 606, Revenue from Contracts with Customers.

2016-02 is effective for reporting periods beginning after December

The Company adopted ASU 2016-02 on October 1, 2019 and has determined that the adoption of this guidance had

no impact on its consolidated financial statements.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

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 5. Market for Registrant’s Common Equity