SIPUP CORP - 10-Q - MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION
(Edgar Glimpses Via Acquire Media NewsEdge) Corporate History
Sipup Corporation ("Sipup" or the "Company") was incorporated on October 31,
2012, under the laws of the State of Nevada. The Company is in the development
stage as defined under Financial Accounting Standards Board ("FASB") Accounting
Standards Codification ("ASC") Topic 915, "Development Stage Entities". The
Company intends to produce, pack and sell flavored yogurts.
Description of Business
We are a development stage company which is in the business of producing,
packing, and selling flavoured yogurts. We have never declared bankruptcy, have
never been in receivership, and have never been involved in any legal action or
proceedings. Since incorporation, we have not made any significant purchase or
sale of assets.
We intend to build our business through delivering high quality flavoured
yogurts. Our business strategy is to keep producing different flavoured yogurts
to gather the interest of new customers and eventually leading to steady income.
RESULTS OF OPERATIONS
Our financial statements have been prepared assuming that we will continue as a
going concern and, accordingly, do not include adjustments relating to the
recoverability and realization of assets and classification of liabilities that
might be necessary should we be unable to continue in operation. We expect we
will require additional capital to meet our long term operating requirements. We
expect to raise additional capital through, among other things, the sale of
equity or debt securities.
Nine Month Period Ended August 31, 2013 Compared to the Nine Month Period Ended
August 31, 2012
Our net loss for the nine month period ended August 31, 2013 was $60,499
compared to a net loss of nil during the nine month periods ended August 31,
2013 and 2012, respectively. During the nine month periods ended August 31, 2013
and 2012, we did not generate any revenue.
During the nine month period ended August 31, 2013, we incurred other expenses
of $707 and professional fees of $12,703 compared to nil expenses incurred
during the nine month period ended August 31, 2012. Other expenses and
professional fees incurred during the nine month period ended August 31, 2013
were generally related to corporate overhead, financial and administrative
contracted services, such as legal and accounting, developmental costs, and
--------------------------------------------------------------------------------The weighted average number of shares outstanding was 3,412,116 for the nine
month period ended August 31, 2013.
August 31, November 30,
Current Assets 2 2,993
Current Liabilities 13,365 5,857
(Deficit) (66,363) (5,864)
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