General environmental management: ENTERTAINMENT VENTURES, INC. Management’s discussion and analysis of the financial situation and the results of operations. (form 10-K)

Operating results for the year ended December 30, 2020 and the year ended
December 30, 2019

Our results of operations for the years ended December 31, 2020 and 2019 are
summarized below:



                          Years Ended
                         December 31,
                        2020        2019       Change
Revenue              $        -     $   -     $       -
Operating expenses   $  109,355     $   -       109,355
Net loss             $ (109,355 )   $   -     $ 109,355




Revenues and Other Income

In the past years December 31, 2020 and 2019, we did not realize any operating income.

Operating Expenses

The operating expenses consist of the management costs of $ 109,355 in the year ended
December 31, 2020, compared to $ 0 in the year ended December 31, 2019. The Company recorded management fees to the Chief Executive Officer (CEO) for the salary of $ 19,355 and the stock-based compensation of $ 90,000 for the issuance of Series A preferred shares.

Net Loss

Due to the above, we have suffered a net loss of $ 109,355, for the year ended December 31, 2020, compared to a net loss of $ 0 for the corresponding year ended December 31, 2019.

Liquidity and capital resources

                                December 31,      December 31.
                                    2020              2019           Change
Cash and cash equivalents      $            -     $           -     $      -

Current Assets                 $            -     $           -     $      -
Current Liabilities            $        9,355     $           -     $  9,355
Working Capital (Deficiency)   $       (9,355 )   $           -     $ (9,355 )

From December 31, 2020 and 2019, we had no money.

From December 31, 2020, we had no short-term assets, we had liabilities of $ 9,355, and our working capital shortfall was $ 9,355.

Cash Flows



                                    Years Ended
                                   December 31,
                                 2020        2019

Cash flow from operating activities – $ – Cash flow from investing activities – $ – Cash flow from financing activities – $ – Net change in cash

               $   -       $   -





          8

  Table of Contents




Operating Activities

For the year ended December 31, 2020, the net cash flows from operating activities were $ 0, consisting of a net loss of $ 109,355, less stock-based compensation of 100,000 and due to a related party of $ 9,355. For the year ended
December 31, 2019, the net cash used in operating activities was $ 0.

Off-balance sheet provisions

We have no “off-balance sheet arrangements”.

Critical accounting policies

The discussion and analysis of our financial condition and results of operations is based on our financial statements, which have been prepared in accordance with generally accepted accounting principles in United States of America. The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities and expenses. These estimates and assumptions are affected by the application of accounting policies by management. We believe that understanding the basis and nature of the estimates and assumptions involved in the following aspects of our financial statements is essential to understanding our financial statements.

Use of Estimates

The preparation of financial statements in accordance with generally accepted accounting principles in United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements. Estimates and judgments will also affect the amounts reported for certain expenses during the reporting period. Actual results could differ from these good faith estimates and judgments.

© Edgar online, source Previews