February 22, 2024

Housing Finance Development

It's Your Housing Finance Development

GIVEMEPOWER CORP MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (form 10-Q)

Forward-Looking Statements

This Quarterly Report on Form 10-Q (this “Quarterly Report”) contains
forward-looking statements. The Securities and Exchange Commission (the “SEC”)
encourages companies to disclose forward-looking information so that investors
can better understand a company’s future prospects and make informed investment
decisions. This Quarterly Report and other written and oral statements that we
make from time to time contain such forward-looking statements that set out
anticipated results based on management’s plans and assumptions regarding future
events or performance. We have tried, wherever possible, to identify such
statements by using words such as
“anticipate,””estimate,””expect,””project,””intend,””plan,””believe,””will” and
similar expressions in connection with any discussion of future operating or
financial performance. In particular, these include statements relating to
future actions, future performance or results of current and anticipated sales
efforts, expenses, the outcome of contingencies, such as legal proceedings, and
financial results.

We caution that the factors described herein, and other factors could cause our
actual results of operations and financial condition to differ materially from
those expressed in any forward-looking statements we make and that investors
should not place undue reliance on any such forward-looking statements. Further,
any forward-looking statement speaks only as of the date on which such statement
is made, and we undertake no obligation to update any forward-looking statement
to reflect events or circumstances after the date on which such statement is
made or to reflect the occurrence of anticipated or unanticipated events or
circumstances. New factors emerge from time to time, and it is not possible for
us to predict all of such factors. Further, we cannot assess the impact of each
such factor on our results of operations or the extent to which any factor, or
combination of factors, may cause actual results to differ materially from those
contained in any forward-looking statements.



General



Business Overview


GiveMePower Corporation operates and manages a portfolio of real estate and
financial services assets and operations to empower black persons in the United
States
through financial tools and resources. Givemepower is primarily focused
on: (1) creating and empowering local black businesses in urban America; and (2)
creating real estate properties and businesses in opportunity zones and other
distressed neighborhood across America. Our current fundraising effort
represents the commencement of the Banking and financial services division of
our business. Our current fundraising effort will enable GMPW to become a
financial technology company (FINTEC) business that (1) one-to-four branch
federally licensed bank in each jurisdiction, (2) a machine learning (ML) and
artificial intelligence (AI) enabled loan and insurance underwriting platform,
(3) blockchain-powered transaction processing and payment systems, (4)
cryptocurrency transaction processing platform, and (5) emerging cryptocurrency
opportunities portfolio; giving access to the unbanked, underserved residents of
majorly black communities across the United State. This is the fulfillment of
mission of operating and managing a portfolio of real estate and financial
services assets and operations to empower black persons in the United States
through financial tools and resources, with a primary focused on: (1) creating
and empowering local black businesses in urban America; and (2) creating real
estate properties and businesses in opportunity zones and other distressed
neighborhood across America. Our FINTEC operations would cover the basic areas
of traditional banking-digitally enhance, ML and Ai enabled lending and
insurance underwriting, areas of private equity, business lending and venture
capital that invest in young black entrepreneurs, and seeding their viable
business plans/ideas on block-chain-powered financial services delivery platform
that connects, black entrepreneurs, black borrowers, consumers, banks, and
institutional investors. Our real estate division invests in Opportunity Zones,
Affordable Housing, and specialized real estate properties.



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Corporate History


GiveMePower Corporation (the “PubCo” or “Company”), a Nevada corporation, was
incorporated on June 7, 2001 to sell software geared to end users and developers
involved in the design, manufacture, and construction of engineered products
located in Canada and the United States. GiveMePower was originally incorporated
in Alberta, Canada as GiveMePower.com Inc. on April 18, 2000, to sell software
and web-based services geared to businesses involved in the design, manufacture,
and construction of engineered products throughout North America. Effective
September 15, 2000, the Company amended its Articles of Incorporation to change
its corporate name to GiveMePower Inc. The founder of the Company began the
implementation of this business plan under his 100%-owned private company,
Sundance Marketing International Inc. (Sundance). Sundance has been in existence
since 1991 and at one time was a market leader in the distribution of survey,
mapping and infrastructure design software in the Canadian marketplace. On April
15, 1999
, Mr. Walton entered into a license agreement with Felix Computer Aided
Technologies GmbH
(Felix) for the exclusive rights to distribute FCAD software
in North America.

On December 20, 2000, the Company entered into a Plan and Agreement of
Reorganization to undertake a reverse merger with a National Quotation Bureau
public company called TelNet World Communications, Inc. (TelNet). TelNet was
originally incorporated in the State of Utah on March 10, 1972 as Tropic
Industries, Inc.
(Tropic). Tropic became United Datacopy, Incorporated on
February 24, 1987 which became Pen International, Inc. on March 21, 1994 and
then TelNet World Communications, Inc. on March 4, 1998. TelNet had no
operations nor any working capital when the Company entered into the reverse
merger with it. GMP acquired the rights, title and interest to the domain name,
givemepower.com from Sundance on February 16, 2001. In addition, Sundance agreed
to assign its existing customer base to GMP and further agreed that it would
terminate its license agreement with Felix immediately upon GMP securing its own
agreement with Felix. GMP renegotiated the exclusive rights to co-develop,
re-brand and distribute FCAD software in North America effective February 16,
2001
. Effective July 5, 2001 the Company changed the name of TelNet to
GiveMePower Corporation and changed the domicile from Utah to Nevada. The PubCo
operated its business until 2009 when it ceased operation. Prior to ceasing
operation, the Company sell software geared to end users and developers involved
in the design, manufacture, and construction of engineered products located in
Canada and the United States.

The PubCo has been dormant and non-operating since year 2009. PubCo is a public
reporting company registered with the Securities Exchange Commissioner (“SEC”).
In November 2009, the Company filed Form 15D, Suspension of Duty to Report, and
as a result, the Company was not required to file any SEC forms since November
2009
.

On December 31, 2019, GiveMePower Corporation (the “PubCo” or “Company”), sold
one Special 2019 series A preferred share (“Series A Share”) for $38,000 to
Goldstein Franklin, Inc. (“Goldstein”), a California corporation. One Series A
Share is convertible to 100,000,000 shares of common stocks at any time. The
Series A Share also provided with 60% voting rights of the PubCo. On the same
day, Goldstein sold one-member unit of Alpharidge Capital, LLC (“Alpharidge”), a
California limited liability corporation, representing 100% member owner of
Alpharidge to the PubCo. As a result, Alpharidge become a wholly owned
subsidiary of PubCo until December 30, 2021 when the Company sold Alpharidge
Capital LLC
to Kid Castle Educational Corporation, a subsidiary of Video River
Networks, Inc.

The Company’s operating structure did not change as a result of the change of
control, however, following the transaction on December 31, 2019, in which
Goldstein Franklin, Inc. acquired control of the Company, Goldstein transferred
one of its operating subsidiaries, Alpharidge Capital LLC into GMPW to become
one of the Company’s operating subsidiaries.



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On September 16, 2020, as part of its sales of unregistered securities to Kid
Castle Educational Corporation (“KDCE”), company related to, and controlled by
GMPW President and CEO, GiveMePower received $3 and issued 1,000,000 shares of
its preferred stock (with 87% voting power), to KDCE in exchange for 100%
interest in, and control of Community Economic Development Capital, LLC (“CED
Capital
“), a California Limited Liability Company, and 97% of the issued and
outstanding shares of Cannabinoid Biosciences, Inc. (“CBDX”), a California
corporation (which holds 45% of the total voting powers of KDCE). This
transaction was accounted for under the Consolidation Method using the variable
interest entity (VIE) model wherein the Company consolidates all investees
operating results if the Company expects to assume more than 50% of another
entity’s expected losses or gains. The 1,000,000 shares of GMPW preferred stock
acquired by KDCE gave to KDCE, approximately 87% voting control of Givemepower
Corporation
.

On April 21, 2021, GMPW sold Cannabinoid Biosciences, Inc. (“CBDX”), a
California corporation, to Premier Information Management, Inc., a company that
is also controlled by GMPW President and CEO, Mr. Frank I Igwealor, in exchange
for $1 in cash. As further consideration pursuant to the stated sales, CBDX
returned all of KDCE shares (100,000 shares of KDCE preferred stock and
900,000,000 shares of KDCE common stock, which altogether control 45% voting
power) it held since October of 2019. Pursuant to the April 21, 2021
transaction, CBDX ceased from being a subsidiary of GMPW, effective April 21,
2021
.

On December 30, 2021, GMPW repurchased back from KDCE, the 1,000,000 GMPW
preferred share, which controls 87% voting block of GMPW, held by Kid Castle
Educational Corporation, a subsidiary of Video River Networks, Inc., in exchange
for one of GMPW’s subsidiaries, Alpharidge Capital LLC (“Alpharidge”), which
effectively became an operating subsidiary of KDCE. The consolidated financial
statements of the Company do not include Alpharidge.

The consolidated financial statements of the Company therefore include the
financial position and operating results of the all wholly owned subsidiaries of
Company including Community Economic Development Capital, LLC. (“CED Capital“).
Others include subsidiaries in which GiveMePower has a controlling voting
interest and entities consolidated under the variable interest entities (“VIE”)
provisions of ASC 810, “Consolidation” (“ASC 810”), after elimination of
intercompany transactions and accounts.

Current Business and Organization – Subsidiaries

The Company, through its three wholly owned subsidiaries, Malcom Wingate Cush
Franklin LLC
(“MWCF”), and Opportunity Zone Capital LLC (“OZC”), seeks to
empower black persons in the United States through financial tools and resources
as follows:



  ? Opportunity Zone Capital, LLC ("OZC") Capital Markets and Real Estate
    operations - Capital Markets and Real Estate operations consist primarily of
    principal transactions in public and private securities of opportunity-zone
    domiciled/linked businesses and rental real estate, affordable housing
    projects, opportunity zones, other property development and associated HOA
    activities. OZC development operations would be primarily through principal
    transactions and real estate investment, management and development of
    subsidiary that focuses primarily on opportunity-zone business opportunities,
    construction and sale of single-family and multi-family homes, lots in
    subdivisions and planned communities, and raw land for residential development

  ? MWCF financial empowerment - MWCF would utilize operate the tools of financial
    education/training, mergers and acquisitions, private equity and business
    lending to invest and empower young black entrepreneurs, seeding their viable
    business plans and ideas and creating jobs in their communities. MWCF is
    primarily focused on: (1) creating and empowering local black businesses in
    urban America; and (2) creating real estate in opportunity zones and other
    distressed neighborhood across America.




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? Cash Management, Opportunistic and Event-Driven Investments: The Company keeps

no more than 10% of its total assets in liquid cash or investments portfolio,

which is actively managed by its directors and officers and invest primarily in

equity investments on a long and short basis. The Company’s cash management

policy which requires that the Company actively invests its excess cash into

stocks, bonds and other securities is intended to provide the company greater

levels of liquidity and current income. The Company uses proprietary trading

models to capitalize on real-time market anomalies and generate ongoing income

in the forms similar to hedge funds. Where necessary, the Company uses seeded

entities to pursue real-time market transactions in publicly traded securities

including but not limited to stocks, bonds, options, futures, forex, warrants,

   and other instruments.



Current Business and OrganizationCED Capital

Community Economic Development Capital, LLC. (“CED Capital“), a California
limited liability company, is a specialty real estate holding company for
specialized assets including, affordable housing, opportunity zones properties,
hemp and cannabis farms, dispensaries facilities, CBD related commercial
facilities, industrial and commercial real estate, and other real estate related
services. CED Capital principal business objective is to maximize returns
through a combination of (1) generating good profit while making substantial
social impact, (2) sustainable long-term growth in cash flows from increased
rents, and (3) potential long-term appreciation in the value of its properties
from capital gains upon future sale. The Company is engaged primarily in the
ownership, operation, management, acquisition, development and redevelopment of
predominantly multifamily housing and specialized industrial properties in the
United States
. This strategy includes the following components:



  ? Owning Specialized Real Estate Properties and Assets for Income. The Company
    intends to acquire multifamily housings, economic development real estate
    properties. The Company expects to hold acquired properties for investment and
    to generate stable and increasing rental income from leasing these properties
    to licensed growers.

  ? Owning Specialized Real Estate Properties and Assets for Appreciation. The
    Company intends to lease its acquired properties under long-term, triple-net
    leases. However, from time to time, the Company may elect to sell one or more
    properties if the Company believes it to be in the best interests of its
    stockholders. Accordingly, the Company will seek to acquire properties that it
    believes also have potential for long-term appreciation in value.

  ? Affordable Housing. Its motto is: "acquiring distressed/troubled properties,
    securing generous government subsidies, empowering low-income families, and
    generating above-market returns to investors."

  ? Preserving Financial Flexibility on the Company's Balance Sheet. The Company
    intends to focus on maintaining a conservative capital structure, in order to
    provide us flexibility in financing its growth initiatives.



BlackBank, Blockchain-Powered Fintech, Ai and ML Enabled Lending, and
CryptoCurrency Deals

The Company intends to actualize its banking and financial services operations
goals through acquisition and management of (1) a one-to-four branch bank that
is federally licensed in each jurisdiction; (2) a machine learning (ML) and
artificial intelligence (Ai) enabled loan and insurance underwriting platform;
(3) blockchain-powered transaction processing and payment systems; (4)
cryptocurrency transaction processing platform; and (5) emerging cryptocurrency
opportunities portfolio; a combination of three of which would connects
consumers, banks, institutional investors, and ensure access to the unbanked and
underserved residents of majorly black communities across the United State of
America.



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(1) BlackBank – Proposed Federally licensed one-four branch bank

Jurisdictionally, GMPW intend to acquire and manage one-four branch bank in each
of its relevant jurisdictional domain. Owning/controlling a bank or banks with
branches across every urban/black neighborhood in the United States is not our
goal. Rather we would be content to own a one-four branch bank in every relevant
jurisdiction to allow us to initiate/conduct MAIL enabled and blockchain-powered
digitized banking that is accessible to all black person and businesses across
the United States. We intend to start our banking acquisition by finding targets
that operates one-four branches. We intend to start with the acquisition of
one-four branch bank, whose operation and back-office would be migrated unto a
Blockchain-powered platform to digitize its entire banking operation to cover
and serve all black persons in the United States. We believe that block chain
technology is one of the most suited platform to implement, run and manage a
U.S. wide digitized banking services whose reach encompasses most black persons
living in the United States.

(2) Machine-Learning and Ai (AI) Enabled Lending and Insurance Underwriting
Platform

Once it has raised sufficient capital (proposed $10 million offering), the
Company intends to launch the Company’s cloud-based machine learning and
artificial intelligence lending platform. It is our believe that
Machine-Learning (ML) and Artificial intelligence (AI), lending and insurance
underwriting platform would enable a superior loan product with improved
economics that can be shared between consumers and lenders. The proposed
platform would aggregate consumer demand for high-quality loans and connects it
to our soon-to-be-build network of ML-AI-enabled investors, lenders and bank
partners. Consumers on the MAIL platform would benefit from a highly automated,
efficient, all-digital experience. Our prospective bank partners would benefit
from access to new customers, lower fraud and loss rates, and increased
automation throughout the lending process.

Credit is a cornerstone of the U.S. economy, and access to affordable credit is
central to unlocking upward mobility and opportunity. The FICO score was
invented in 1989 and remains the standard for determining who is approved for
credit and at what interest rate. (Rob Kaufman, myFico Blog: The History of the
FICO Score, August 2018). While FICO is rarely the only input in a lending
decision, most banks use simple, rules-based systems that consider only a
limited number of variables. Unfortunately, because legacy credit systems fail
to properly identify and quantify risk, millions of creditworthy individuals are
left out of the system, and millions more pay too much to borrow money. (Patrice
Ficklin
and Paul Watkins, Consumer Financial Protection Bureau Blog: An Update
on Credit Access and the Bureau’s First No-Action Letter, August 2019).

The first generation of online lenders focused on bringing credit online.
Analogous to earlier internet pioneers, these companies made shopping for and
accessing credit simpler and easier for consumers and businesses. It was no
longer necessary to stand in line at a bank branch, to sit across the desk from
a loan officer and to wait weeks or months for a decision. These lenders enabled
the emergence of personal loan products that were previously unprofitable for
banks to offer. While they brought the credit process online, they inherited the
decision frameworks that banks had used for decades and did not address the more
rewarding and challenging opportunity of reinventing the credit decision.

GMPW intend to leverage the power of AI to more accurately quantify the true
risk of a loan. The ML- AI models would be built to continuously self-upgrade,
train and refine many critical components of lending risk analytics and
decision-making on a real-time basis. We intend to build discrete ML- AI models
that target fee optimization, income fraud, acquisition targeting, loan
stacking, prepayment prediction, identity fraud and time-delimited default
prediction. These models would be designed to incorporate multiple lending
underwriting variables and utilize training dataset that accounts for varieties
of repayment events. It is also anticipated that the network effects generated
by constantly improving ML- AI models would provide a significant competitive
advantage-and more training data would lead to higher approval rates and lower
interest rates at the same loss rate



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(3) Blockchain-Powered Digital Currency Payment and Financial Transactions
Processing platform (“Blackchain”)

The Company intends to acquire an existing, or build-from-the-scratch, a
Blockchain-Powered Digital Currency Payment and Financial Transactions
Processing platform (“Blackchain”), with home in the BlackBank alongside the
MAIL lending platform. Blockchain-powered Payment and Financial Transactions
Processing platform would also provide efficient and inexpensive payment
platform and merchant services to black businesses across the United States.

The company would establish an exchange network called Blackchain Exchange
Network (“BEN”), a Payment and Financial Transactions Processing platform, would
be a wholly-owned subsidiary, the BlackBank. We believe Blackchain would be a
leading provider of innovative financial infrastructure solutions and services
to participants in the nascent and expanding digital currency industry.
Blackchain business strategy is floating a Blackchain Exchange Network, or BEN,
a virtually instantaneous payment network for participants in the digital
currency industry which would serve as a platform for the development of
additional products and services. The BEN would have a network effect that would
make it valuable as participants and utilization increase, leading to good
growth in BEN transaction volumes. The BEN would enable the BlackBank to
prioritize, build and significantly grow non-interest bearing deposit product
for digital currency industry participants, which is expected to provide the
majority of our bank funding in the next two years from finalizing acquisition.
This unique source of funding would be a distinctive advantage over most
traditional financial institutions and allows BlackBank to generate revenue from
a conservative portfolio of investments in cash, short term securities and MAIL
enabled loans that we believe generate attractive risk-adjusted returns. In
addition, use of the BEN would result in an increase in non-interest income that
we believe will become a valuable source of additional future revenue as we
develop and deploy blockchain-powered, fee-based solutions in connection with
our digital currency initiative. We would also evaluate additional products or
product enhancements specifically targeted at providing further financial
infrastructure solutions to our customers and strengthening BEN network effects.



Blackchain Business Overview


Once acquired, the Federally licensed one-four branch bank would be such that is
already providing banking and financial services including commercial banking,
business lending, commercial and residential real estate lending and mortgage
warehouse lending, all funded primarily by interest bearing deposits and
borrowings. To that up and running banking and financial services operation, we
intend to insert a Blockchain-powered payment and transaction processing system
and digital currency platform. We intend to pursue digital currency customers
and bring them into the BlackBank to bank with us using digital currency. We
believe we could effectively leverage the traditional commercial bank platform,
the MAIL enabled lending platform and the attributes of the BEN to gain traction
in the digital currency banking industry.

We intend to focus on the digital currency initiative as the core of our future
strategy and direction. We intend to build a leadership position in the digital
currency industry as a result of the BEN to enable us to establish a significant
balance of non-interest bearing deposits from digital currency customer base.
Over several post-acquisition years, BlackBank would have transitioned from a
traditional asset based bank model focused on loan generation to a deposit and
solutions based model focused on increasing non-interest bearing deposits and
non-interest income. This emphasis on non-interest bearing deposits and
non-interest income, is primarily associated with digital currency, will likely
result in a significant shift in BlackBank’s asset composition with a greater
percentage consisting of liquid assets such as interest earning deposits in
other banks and investment securities, and a corresponding decrease in the
percentage of loans. Most of our actions would be focused on developing and
delivering highly scalable and operationally efficient solutions for BlackBank’s
digital currency customers.



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(4) Emerging Cryptocurrency Opportunities Portfolio

The emerging cryptocurrency opportunities portfolio is the wildcard of our
FINTEC business model. While the goals are clear, because it is a wildcard,
there is no outline on what to expect or how it should be run. GMPW needs these
flexibilities because many established companies are jumping into the
crypocurrency opportunities on a minutes notice. For example, in 2020,
Microstrategy decided to move their treasury into bitcoin as part of their cash
management strategy. Marathon Patent Group moved into cryptocurrency mining as a
business model. Overstock has been in cryptocurrency for a while. Square and
Paypal just joined the bandwagon of American companies that try to find and
exploit opportunities in the crypto currency industry without abandoning their
actual businesses. GMPW’s emerging cryptocurrency opportunities portfolio would
not be different. The company would on an ongoing basis evaluate and consider
investments into potentially viable cryptocurrency opportunities anywhere.



Competition


Our business is highly competitive. We are in direct competition with more
established private equity firms, private investors and management companies.
Many management companies offer similar products and services for business
rollups and consolidations. We may be at a substantial disadvantage to our
competitors who have more capital than we do to carry out acquisition,
operations and restructuring efforts. These competitors may have competitive
advantages, such as greater name recognition, larger capital-base, marketing,
research and acquisition resources, access to larger customer bases and channel
partners, a longer operating history and lower labor and development costs,
which may enable them to respond more quickly to new or emerging opportunities
and changes in customer requirements or devote greater resources to the
development, acquisition and promotion.

Increased competition could result in us failing to attract significant capital
or maintaining them. If we are unable to compete successfully against current
and future competitors, our business and financial condition may be harmed.

We hope to maintain our competitive advantage by keeping abreast of market
dynamism that is face by our industry, and by utilizing the experience,
knowledge, and expertise of our management team. Moreover, we believe that we
distinguish ourselves in the ways our model envisaged transformation of
businesses.




Government Regulation



Our activities currently are subject to no particular regulation by governmental
agencies other than that routinely imposed on corporate businesses. However, we
may be subject to the rules governing acquisition and disposition of businesses,
real estates and personal properties in each of the state where we have our
operations. We may also be subject to various state laws designed to protect
buyers and sellers of businesses. We cannot predict the impact of future
regulations on either us or our business model.



Intellectual Property


We currently have no patents, trademarks or other registered intellectual
property. We do not consider the grant of patents, trademarks or other
registered intellectual property essential to the success of our business.



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Employees


We do not have a W-2 employee at the present. Frank Ikechukwu Igwealor, our
President, Chief Executive Officer and Chief Financial Officer, is our only
full-time staff as of September 30, 2022, pending when we could formalize an
employment contract for him. In addition to Mr. Igwealor, we have three
part-time unpaid staff who helps with bookkeeping and administrative chores.
Most of our part-time staff, officers, and directors will devote their time as
needed to our business and are expect to devote at least 15 hours per week to
our business operations. We plan on formalizing employment contract for those
staff currently helping us without pay. Furthermore, in the immediate future, we
intend to use independent contractors and consultants to assist in many aspects
of our business on an as needed basis pending financial resources being
available. We may use independent contractors and consultants once we receive
sufficient funding to hire additional employees. Even then, we will principally
rely on independent contractors for substantially all of our technical and
marketing needs.

The Company has no written employment contract or agreement with any person.
Currently, we are not actively seeking additional employees or engaging any
consultants through a formal written agreement or contract. Services are
provided on an as-needed basis to date. This may change in the event that we are
able to secure financing through equity or loans to the Company. As our company
grows, we expect to hire more full-time employees.



Results of Operations


Three Months ended September 30, 2022, as Compared to Three Months Ended
September 30, 2021

Following the sale of Alpharidge to Kid Castle Educational Corporation on
December 30, 2021, the Company stopped consolidating the statement of operations
and balance sheet of Alpharidge into its consolidated financial statements
effective December 30, 2021.

Revenues – The Company recorded $0.00 in revenue for the three months ended
September 30, 2022 as compared to $0.00 for the same period of September 30,
2021
.

Operating Expenses – Total operating expenses for the three months ended
September 30, 2022 was $20,588 as compared to $11,068 in the same period of 2021
due to increased operating activities during the period ended September 30,
2022
.

Net Loss – Net loss for three months ended September 30, 2022 was $20,588 as
compared to Net loss of $11,068 for the three months ended September 30, 2021.

Nine months ended September 30, 2022, as Compared to Nine months ended September
30, 2021

Following the sale of Alpharidge to Kid Castle Educational Corporation on
December 30, 2021, the Company stopped consolidating the statement of operations
and balance sheet of Alpharidge into its consolidated financial statements
effective December 30, 2021.

Revenues – The Company recorded $0 in revenue for the nine months ended
September 30, 2022 as compared to $700,385 for the same period of September 30,
2021
.

Operating Expenses – Total operating expenses for the nine months ended
September 30, 2022 was $56,759 as compared to $37,042 in the same period of 2021
due to increased operating activities during the period ended September 30,
2022
.

Net Loss – Net loss for nine months ended September 30, 2022 was $56,759 as
compared to Net loss of $37,042 for the nine months ended September 30, 2021.



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Financial Condition, Liquidity and Capital Resources

As of September 30, 2022, the Company had a working capital of $53,402,
consisting of $54,202 in cash, minus $800 current liabilities. This is
comparable to the nine months ended September 30, 2021 which showed working
capital of $126,069, consisting of $130,685 in cash, minus $4,616 current
liabilities.

For the nine months period ended September 30, 2022, the Company used $60,575,
on operating activities, generated $16,890 from investing activities, and used
cash of $32,798 on financing activities, resulting in an decrease in total cash
of $76,483 and a cash balance of $54,202 for the period. For the nine months
period ended September 30, 2021, the Company used $39,984 on operating
activities, generated cash in the amount of $636,970 from investing activities,
and used cash of $577,000 on financing activities, resulting in an increase in
total cash of $19,986 and a cash balance of $21,353 for the period.

As of September 30, 2022, total Notes Payable to related and unrelated parties
decreased by $33,866 for the nine months ended September 30, 2022 compared to
December 31, 2021.

Total stockholders’ equity decreased to $142,120 as at September 30, 2022.

As of September 30, 2022, the Company had a cash balance of $54,202 (i.e. cash
is used to fund operations). The Company does believe our current cash balances
will be sufficient to allow us to fund our operating plan for the next twelve
months. However, our ability to continue as a going concern is still dependent
on us obtaining adequate capital to fund operation or maintaining consecutive
quarterly profitability. If we are unable to obtain adequate capital, or
maintaining consecutive quarterly profitability, we could be forced to cease
operations or substantially curtail its drug development activities. These
conditions could raise substantial doubt as to our ability to continue as a
going concern. The accompanying financial statements do not include any
adjustments relating to the recoverability and classification of recorded asset
amounts and classification of liabilities should we be unable to continue as a
going concern.

Our principal sources of liquidity are: (1) Real Estate Sales, (2) Trading
Securities
, and (3) Crypto Currency Mining. In the past, we have been generating
cash from loans to us by our major shareholder. In order to be able to achieve
our strategic goals, we need to further expand our business and implement our
business plan. To continue to develop our business plan and generate sales,
significant capital has been and will continue to be required. Management
intends to fund future operations through private or public equity and/or debt
offerings. We continue to engage in preliminary discussions with potential
investors and broker-dealers, but no terms have been agreed upon. There can be
no assurances, however, that additional funding will be available on terms
acceptable to us, or at all. Any equity financing may be dilutive to existing
shareholders. We do not currently have any contractual restrictions on our
ability to incur debt and, accordingly we could incur significant amounts of
indebtedness to finance operations. Any such indebtedness could contain
covenants which would restrict our operations.

Off-Balance Sheet Arrangements

There are no off-balance sheet arrangements that have or are reasonably likely
to have a current or future effect on our financial condition, changes in
financial condition, revenues or expenses, results of operations, liquidity,
capital expenditures or capital resources that is material to investors.

Critical Accounting Policies and Estimates

The preparation of financial statements in conformity with accounting principles
generally accepted in the United States of America (“U.S. GAAP”) requires
estimates and assumptions that affect the reported amounts of assets and
liabilities, revenues and expenses, and related disclosures of contingent assets
and liabilities in the consolidated financial statements and accompanying notes.
The SEC has defined a company’s critical accounting policies as the ones that
are most important to the portrayal of the company’s financial condition and
results of operations, and which require the company to make its most difficult
and subjective judgments, often as a result of the need to make estimates of
matters that are inherently uncertain.



40





Based on this definition, we have identified the critical accounting policies
and judgments addressed which are described in Note 3 to our condensed
consolidated financial statements included elsewhere in this Quarterly Report.
Although we believe that our estimates, assumptions and judgments are
reasonable, they are based upon information presently available. Actual results
may differ significantly from these estimates under different assumptions,
judgments or conditions.

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