We are a shell company as defined in Rule 12b-2 promulgated under the Securities Exchange Act of 1934 (the "Exchange Act"). As a shell company, we have no operations and assets. Our current business plan is to identify a privately held operating company, which is profitable or, in management's view, has growth potential, irrespective of the industry in which it is engaged, desiring to become a publicly held company with access to U.S. capital markets by merging with us through a reverse merger or acquisition. We can give no assurances that we will be successful in finding or acquiring a desirable business opportunity, given the limited resources that are expected to be available to us for implementation of our business plan. Furthermore, we can give no assurances that any business combination, if one occurs, will be on terms that are favorable to us or our current stockholders.
Results of Operations
Three Months Ended June 30, 2018 Compared To Three Months Ended June 30, 2017
Revenue
We have not generated any revenues since our inception.
Operating expenses
Our operating expenses primarily consisted of general and administrative expenses, such as salary and related expenses, audit and review fees, tax returns preparation fees, transfer agent services, Edgar filing costs, franchise and business taxes, other professional services and general office expenses. Operating expenses for the three months ended June 30, 2018 and 2017 were $23,952 and $50,324, respectively. The decrease in operating expenses was due to the decrease in salary and related expenses paid for officers and other office expenses of the Company for the three months ended June 30, 2018.
Net loss
Net loss for the three months ended June 30, 2018 was $23,952, as compared to $50,324 for the three months ended June 30, 2017. The decrease in operating expenses was due to the decrease in salary and related expenses paid for officers and other office expenses of the Company for the three months ended June 30, 2018.
Six Months Ended June 30, 2018 Compared To Six Months Ended June 30, 2017
Revenue
We have not generated any revenues since our inception.
Operating expenses
Our operating expenses primarily consisted of general and administrative expenses, such as audit and review fees, tax returns preparation fees, transfer agent services, Edgar filing costs, franchise and business taxes, and other professional services. Operating expenses for the six months ended June 30, 2018 and 2017 were $43,851 and $127,308, respectively. The decrease in operating expenses was due to the decrease in salary and related expenses paid for officers for the six months ended June 30, 2018 and the legal fee paid for the change of name of the Company for the six months ended June 30, 2017.
Net loss
Net loss for the six months ended June 30, 2018 was $43,851, as compared to $127,308 for the six months ended June 30, 2017. The decrease in net loss was due to the decrease in salary and related expenses paid for officers for the six months ended June 30, 2018 and the legal fee paid for the change of name of the Company for the six months ended June 30, 2017.