Results of Operations
We did not record revenues in either 2020 or 2019. General and administrative expense was $5,424 for the three months ended March 31, 2020 (“2020 first quarter”) and the three months ended March 31, 2019 (“2019 first quarter”).
Total other expense increased to $3,218 for the 2020 first quarter compared to $2,918 for the 2019 first quarter due to the interest expense on notes payable – related party.
Our net loss increased to $8,642 for the 2020 first quarter compared to $8,342 for the 2019 first quarter. Management expects net losses to continue until we acquire or merge with a business opportunity.