This Management's Discussion and Analysis or Plan of Operation contains
forward-looking statements that involve future events, our future performance
and our expected future operations and actions. In some cases, you can identify
forward-looking statements by the use of words such as "may", "will", "should",
"anticipate", "believe", "expect", "plan", "future", "intend", "could",
"estimate", "predict", "hope", "potential", "continue", or the negative of these
terms or other similar expressions. These forward-looking statements are only
our predictions and involve numerous assumptions, risks and uncertainties. Our
actual results or actions may differ materially from these forward-looking
statements for many reasons, including, but not limited to, the matters
discussed in this report under the caption "Risk Factors". We urge you not to
place undue reliance on these forward-looking statements, which speak only as of
the date of this prospectus. We undertake no obligation to publicly update any
forward looking-statements, whether as a result of new information, future
events or otherwise.
The following discussion of our financial condition and results of operations should be read in conjunction with our financial statements and the related notes included in this report.
The following table provides selected financial data about us for the fiscal years ended
Balance Sheet Data: Fiscal year ended December 31, 2013 2012 Cash $ 4,676 1,852 Total assets $ 6,935 4,266 Total liabilities
$ 1,815,8934,812,843 Shareholders' deficiency $ (1,808,959 )(4,808,577 ) Operating Data: Revenues $ - 839 Operating Expenses $ 2,908,877820,069 Net Income (Loss) $ (10,982,795 )596,245 Results of Operations
From our inception on
Operating Expenses. Operating expenses, which consisted of research and development and general and administrative expenses for the year ended
Non-employee stock compensation. In
Gain on conversion of debt. In
Change in value of derivative liability. During the year ended
Interest Expense. During the year end
As a result of the foregoing, we had a net loss of
Our activities have been completely directed at developing our business plan for eventually generating revenue. We operated at a loss in all relevant periods.
To try to operate at a break-even level based upon our current level of proposed business activity, we believe that we must generate approximately
On the other hand, if we decide that we cannot operate at a profit in our current configuration, we may choose to scale back our operations to operate at break-even with a smaller level of business activity, while adjusting our overhead to meet the revenue from current operations. In such event, we will probably not be profitable. In addition, we expect that we will need to raise additional funds if we decide to pursue more rapid expansion, the development of new or enhanced services or products, appropriate responses to competitive pressures, or the acquisition of complementary businesses or technologies, or if we must respond to unanticipated events that require us to make additional investments. We cannot assure that additional financing will be available when needed on favorable terms, or at all.
We expect to incur operating losses in future periods because we will be incurring expenses and not generating sufficient revenues. We expect approximately
Liquidity and Capital Resources
Net cash used for operating activities was
Cash flows used for investing activities were
Cash flows provided by financing activities were
Over the next twelve months we do not expect any material capital costs to develop operations. Our operating costs of
Our principal source of liquidity will be our operations or from additional financings. We expect variation in revenues to account for the difference between a profit and a loss. Also business activity is closely tied to the stock market and trading industry as a whole. Our ability to achieve and maintain profitability and positive cash flow is dependent upon our ability to successfully develop our products and our ability to generate revenues.
In any case, we try to operate with minimal overhead. Our primary activity will be to seek to develop clients for our services and, consequently, our sales. If we succeed in developing clients for our services and generating sufficient sales, we will become profitable. We cannot guarantee that this will ever occur. Our plan is to build our company in any manner which will be successful. If we are unable to obtain such profitability we will need to obtain additional financing. We cannot assure that additional financing will be available when needed on favorable terms, or at all.
Off-Balance Sheet Arrangements
We have no off-balance sheet arrangements with any party.
Plan of Operation
The following milestones are assessments only. The working capital requirements and the projected milestones are approximations only and subject to adjustment based on sales, costs and needs.
In first quarter of 2013, it was decided to restructure CDIF into a new holding company who adopted a new business model known as "Collaborative Commonwealth™" a new form of governance enabling businesses to take advantage of the power of a public Company. Targeting the acquisition of undervalued, niche companies with high growth potential, income-producing commercial real estate properties and high return investments, all designed to pay a dividend to our shareholders. The reason for this was to protect our shareholders by acquiring small to minimum size businesses seeking support with both financing and management. The plan was to establish new classes of Preferred stock to streamline voting rights, negate debt and acquire new businesses. By December of 2013 the Company negated 90% plus of all debt; by May of 2014 the Company acquired four businesses,
As of this filing the Company has acquired
Current Business Operations
Recently Issued Accounting Pronouncements.
We do not expect our revenues to be impacted by seasonal demands for our services.