View Systems Inc. (fka VSYM)

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VIEW SYSTEMS INC MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS. (form 10-K)
07/13/2022 | 10:28am EDT
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The following analysis of our consolidated financial condition and results of
operations for the years ended December 31, 2019 and 2020 should be read in
conjunction with the Consolidated Financial Statements and other information
presented elsewhere in this annual report.



OVERVIEW



We have decided to include in our sales efforts other products aside the
concealed weapons detection system. Currently, customers can purchase extended
warranties, which provide for replacement or repair of the unit beyond the
period provided by the unconditional warranty. Warranties can be purchased for
various periods but generally they are for a one-year period that begins after
any other warranties expire.

In the short term, management plans to self-fund through friends and family
investment of time and money. Then the next phase of our business plan will be
to raise additional funds through common stock offerings to provide working
capital to finance several acquisitions.