INKY INC. Management’s Discussion and Analysis of Financial Condition and Results of Operations (Form 10-K)

Results of operations for the years ended November 30, 2021 and 2020:


Revenue


Over the years ended November 30, 2021and 2020, we did not generate any revenue.



Operating expenses



Total operating expenses for the years ended November 30, 2021 and 2020 have been
$17,837 and $19,195. Operating expenses for the years ended November 30, 2021 and 2020 included audit fees of $6,750 and $17,000; Bank service fee of
$282 and $400; Professional fees of $805 and $420; Legal of $0 and $1,375; DTC charges from $10,000 and $0.


Net Loss


Our net loss for the years ended November 30, 2021and 2020, was $17,837 and
$19,195respectively.

Liquidity and capital resources and cash requirements

From November 30, 2021the Company had a cash position of $114 ($11,312 from November 30, 2020). In addition, the Company had a working capital deficit of $20,557
($15,854 from November 302020).

During the year ended November 30, 2021the company used $35,181 of cash in operating activities due to its net loss $17,837increase in supplier account
$1,619 and increase in prepaid expenses of $18,963. During the year ended
November 30, 2020the company used $19,574 of cash in operating activities due to its net loss $19,195 and increase in prepaid expenses of $379.




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During the year ended November 30, 2021the Company has generated $23,983 ($30,495
from November 30, 2020) cash used in financing activities from a loan to a related party of $10,849 ($10,869 from November 30, 2020) and the proceeds from the sale of common shares of $13,134 ($19,626 from November 302020).

OFF-BALANCE SHEET ARRANGEMENTS

We have no off-balance sheet arrangements, including arrangements that would affect our liquidity, capital resources, market risk support and credit risk support or other benefits.

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