LAZURITON NANO BIOTECHNOLOGY (USA): Discussion and analysis by management of the financial position and operating results. (form 10-Q)

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Caution Regarding Forward-Looking Statements

This Quarterly Report on Form 10-Q, including this discussion and analysis by management, contains or incorporates forward-looking statements. All statements other than statements of historical fact made in the report are forward-looking. In particular, the statements contained in this document concerning the outlook for the industry and the future results of operations or financial condition are forward-looking statements. These forward-looking statements can be identified by the use of words such as “believes”, “believes”, “could”, “maybe”, “probably”, “plans”, “plans”, “expects” , “Could”, “will” or “should” or other variations or similar words. No assurance can be given that the future results anticipated by forward-looking statements will be achieved. Forward-looking statements reflect the current expectations of management and are inherently uncertain. results may differ significantly from management’s expectations.

The following discussion and analysis should be read in conjunction with our financial statements, included herein. This discussion should not be taken to imply that the results discussed here will necessarily continue into the future, or that any conclusions drawn here will necessarily be indicative of actual operating results in the future. Such a discussion represents only the best current assessment of our management.


Going Concern


We have indicated in our financial statements for the three months ended March 31, 2021 that conditions exist which raise substantial doubts about our ability to continue as a going concern due to our recurring operating losses, an equity deficit and the need to raise additional capital to fund operations. A “going concern” opinion could adversely affect our ability to finance our business through the sale of debt or equity securities.

We need additional funds to meet its ongoing obligations and to fund expected operating losses. Our auditor has expressed substantial doubts about our ability to continue to operate. Our ability to continue to operate depends on raising capital to fund its initial business plan and ultimately achieve profitable operations. These financial statements do not include any adjustment relating to the recoverability and classification of the amounts of recognized assets, nor to the amounts and classification of liabilities that could result from this uncertainty.

We expect to incur marketing, professional and administrative expenses as well as expenses associated with maintaining our records with Security and Trade Commission. We will need additional funds during this period and will seek to raise the additional capital required. If we are unable to secure additional financing, we may be required to reduce the scope of our business development activities, which could adversely affect our business plans, financial condition and results. operation. Additional financing may not be available on favorable terms, if at all. We intend to continue to fund its operations through equity or debt financing and advances from related parties. Any inability to raise capital as needed would have a material adverse effect on our business, financial condition and results of operations.

If we cannot raise additional funds, we will have to cease trading. As a result, our common stock investors would lose their entire investment.


Results of Operations


Three months ended March 31, 2021 compared to the three months ended March 31, 2020

Net sales: We did not generate any sales for the three months ended March 31, 2021 and 2020. We have had limited business activity since our incorporation.

General and administrative expenses: General and administrative expenses consist mainly of fees for legal and professional services. General and administrative costs were $ 10,950 for the three months ended March 31, 2021, compared to that of $ 11,450 for the three months ended March 31, 2020, which represents a decrease of $ 500, or 4%. The decrease in general and administrative expenses is mainly attributable to the decrease in professional fees.

Net loss: Our net loss was $ 10,950 for the three months ended March 31, 2021, compared to $ 11,450 for the three months ended March 31, 2020, which represents a decrease of $ 500, or 4%. The decrease in the net loss is attributable to the decrease in general and administrative expenses.



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Liquidity and capital resources

Cash and cash equivalents were $ 1,348 To March 31, 2021 and $ 1,348 To December 31, 2020. Our total current assets were $ 1,348 To March 31, 2021, compared to
$ 1,348 To December 31, 2020. Our total current liabilities were $ 332,075 To
March 31, 2021, compared to $ 321,125 To December 31, 2020.

We had negative working capital of $ 330,727 To March 31, 2021, compared to the negative working capital of $ 319,777 To December 31, 2020. The increase in negative working capital is mainly explained by the increase in accrued charges.

Net cash from operating activities was $ 0 for three months ended March 31, 2021
and 2020. The net losses for both periods were offset by changes in assets and liabilities.

We had no net cash flow from investing or financing activities during the three months ended March 31, 2021 and 2020.

We had no net change in cash and cash equivalents for the three months ended
March 31, 2021 and 2020.



Critical Accounting Policies



The preparation of financial statements in accordance with generally accepted accounting principles in United States of America (“we GAAP “) requires estimates and assumptions that affect the reported amounts of assets and liabilities, income and expenses, and related information about contingent assets and liabilities in the financial statements and accompanying notes. SECOND has defined a company’s critical accounting policies as those that are most important to portraying the financial position and results of operations of the company, and which require the company to make its most difficult judgments and more subjective, often due to the need to make estimates of issues that are inherently uncertain. Based on this definition, we have not identified other critical accounting policies and judgments. We also have other key accounting policies, which involve the use of estimates, judgments and assumptions that are important to understanding our results, which are described in Note 1 to our financial statements. Although we believe our estimates, assumptions and judgments are reasonable, they are based on information currently available. Actual results may differ materially from these estimates based on different assumptions, judgments or conditions.

Off-balance sheet provisions

We were not aware of any off-balance sheet arrangements at March 31, 2021.

Recent accounting positions

The Company has reviewed all accounting pronouncements recently issued but not yet effective, and does not believe that the future adoption of such pronouncements could have a material impact on its financial condition or results of operations.


Inflation


Our opinion is that inflation has not had a material effect on our operations and should not have a material effect on our operations.

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