Company without Significant RevenueResults of Operations and Additional Disclosure for the Company without Significant Revenue
The Company is currently starting to transition from pre-operation to operational stage and recorded $7,439 as revenue this quarter. The expenses of the Company for the period ended June 30, 2017 consist mainly of salaries and benefits of $515,098, advertising and promotion of $99,205, general and administration of $294,635 and consulting fees of $168,516.
Salaries and benefits incurred for the period ended June 30, 2017 amounted to $515,098, which included employees and management’s salaries and healthcare benefits. Consulting fees for the period ended June 30, 2017 amounted to $168,516 consist of fees paid to various consultants and advisors of the Company for financial management, business development, and marketing services Advertising and promotion for the period ended June 30, 2017 amounted to $99,205, which is related to brand analysis, creative and sales strategies, conferences and trade shows and development of sales plan.
General and administration for the period ended June 30, 2017 amounted to $294,635, which mainly included travel, software, transfer agent, rent, and general office expenses.