News Column

PHARMA INVESTING NEWS, INC. - 10-Q - MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

January 21, 2014

Safe Harbor Statement This report on Form 10-Q contains certain forward-looking statements. All statements other than statements of historical fact are "forward-looking statements" for purposes of these provisions, including any projections of earnings, revenues, or other financial items; any statements of the plans, strategies, and objectives of management for future operation; any statements concerning proposed new products, services, or developments; any statements regarding future economic conditions or performance; statements of belief; and any statement of assumptions underlying any of the foregoing. Such forward-looking statements are subject to inherent risks and uncertainties, and actual results could differ materially from those anticipated by the forward-looking statements. These forward-looking statements involve significant risks and uncertainties, including, but not limited to, the following: competition, promotional costs, and risk of declining revenues. Our actual results could differ materially from those anticipated in such forward-looking statements as a result of a number of factors. These forward-looking statements are made as of the date of this filing, and we assume no obligation to update such forward-looking statements. The following discusses our financial condition and results of operations based upon our financial statements which have been prepared in conformity with accounting principles generally accepted in the United States . It should be read in conjunction with our financial statements and the notes thereto included elsewhere herein. The following discussion should be read in conjunction with our financial statements, including the notes thereto, appearing elsewhere in this Form 10-Q. The discussions of results, causes and trends should not be construed to imply any conclusion that these results or trends will necessarily continue into the future. Overview We were incorporated pursuant to the laws of the State of Nevada on February 8, 2011 . We are a startup company and have not realized any revenues. Our efforts, to date, have focused primarily on the development and implementation of our business plan. Liquidity and Capital Resources As of November 30, 2013 , we had cash and cash equivalents of $nil and working capital of $460,097 . As of November 30, 2013 our accumulated deficit was $266,680 . We used net cash of $19,914 in operating activities for the nine months ended November 30, 2013 compared to using net cash of $7,668 in operating activities for the same period in 2012. We did not use any money in investing activities for the nine months ended November 30, 2013 or the same period ending in 2012. The Company had net cash of $19,881 provided by financing activities for the Nine Months ended November 30, 2013 compared to $4,695 in financing activities for the same period in 2012. These financial statements have been prepared on the assumption that we are a going concern, meaning we will continue in operation for the foreseeable future and will be able to realize assets and discharge liabilities in the ordinary course of operations. Different bases of measurement may be appropriate when a company is not expected to continue operations for the foreseeable future. Our continuation as a going concern is dependent upon our ability to attain profitable operations and generate funds there-from, and/or raise equity capital or borrowings sufficient to meet current and future obligations. Management plans to raise equity financings over the next twelve months to finance operations. There is no guarantee that we will be able to complete any of these objectives. We have incurred losses from operations since inception and at November 30, 2013 , have an accumulated deficit that creates substantial doubt about our ability to continue as a going concern. 4 Results of Operations for the Nine Months Ended November 30, 2013 Compared to the Same Period in 2012, and From Inception to November 30, 2013 Revenues We have not generated any revenues from February 8, 2011 (inception) to November 30, 2013 . Net Loss For the nine months ended November 30, 2013 our net loss was $175,645 compared to net income of $5,252 for the comparable prior year period ended November 30, 2012 . This decrease was due to a non-recurring gain on settlement of debt in 2012 and an increase in consulting fees for 2013. Since February 8, 2011 (date of inception) to November 30, 2013 , we have accumulated net losses and a deficit of $266,680 . Expenses Our total operating expenses for the nine months ended November 30, 2013 were $110,835 compared to $28,543 , for the same period in 2012. The increase in our expenses during 2013 was attributable to an increase in our consulting fees. Our general and administrative expenses increased by $1,959 from $2,372 for the Nine Months ended November 30, 2012 compared to $4,219 for the Nine Months ended November 30, 2013 . Our general and administrative expenses consist of professional fees, management and consulting fees, stock based compensation, bank charges, travel, meals and entertainment, rent, office maintenance, communications (cellular, internet, fax and telephone), courier, postage costs and office supplies. Results of Operations for the three months ended November 30, 2013 compared to the three months ended November 30, 2012 and from inception to November 30, 2013 . No Revenues Since our inception on February 8, 2011 to November 30, 2013 , we have not yet earned any revenues. As of November 30, 2013 , we have an accumulated deficit of $266,680 . At this time, our ability to generate any significant revenues continues to be uncertain. Our financial statements contain an additional explanatory paragraph in Note 1, which identifies issues that raise substantial doubt about our ability to continue as a going concern. Our financial statements do not include any adjustment that might result from the outcome of this uncertainty. Net Loss For the three months ended November 30, 2013 our net loss was $64,810 compared to a net loss $5,705 during the same period in 2012. This increase was due to an increase in consulting fees. From inception on February 8, 2011 to November 30, 2013 , we have incurred a net loss of $266,680 . Our basic and diluted loss per share was $0.01 for the three months ended November 30, 2013 , and $0.03 for the Nine Months for November 30, 2012 . Expenses Our total operating expenses increased from $5,705 to $64,738 for the three months ended November 30, 2013 compared to the same period in 2012. This increase in expenses is mostly due to higher consulting fees. Since our inception on February 8, 2011 to November 30, 2013 , we have incurred total operating expenses of $306,108 . Inflation The amounts presented in the financial statements do not provide for the effect of inflation on our operations or financial position. The net operating losses shown would be greater than reported if the effects of inflation were reflected either by charging operations with amounts that represent replacement costs or by using other inflation adjustments. Off-Balance Sheet Arrangements As of November 30, 2013 , we had no off-balance sheet transactions that have or are reasonably likely to have a current or future effect on our financial condition, changes in our financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources. 5


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Edgar Glimpses


Story Tools