ORGANIC VERDE: MANAGEMENT DISCUSSION AND ANALYSIS OR OPERATING PLAN (Form 10-K)
This annual report on Form 10-K contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the âSecurities Actâ) and Section 21E of the Securities Exchange Act of 1934, as amended. as amended (the âTrade Actâ). These forward-looking statements are not historical facts but are rather based on current expectations, estimates and projections. We can use words such as “anticipate”, “expect”, “intend”, “plan”, “believe”, “foresee”, “estimate” and variations of these words and similar expressions. to identify forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, some of which are beyond our control, are difficult to predict and could cause actual results to differ materially from those expressed or expected. You should read this report in its entirety and with the understanding that actual future results may be materially different from what we expect. The forward-looking statements included in this report are made as of the date of this report and should be evaluated taking into account any changes occurring after the date of this report. We will not update any forward-looking statements although our circumstances may change in the future and we assume no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. .
RESULTS OF OPERATIONS Working Capital April 30, 2021 April 30, 2020 $ $ Current Assets 2,207,033 1,631 Current Liabilities 484,014 3,136,509 Working Capital (Deficit) 1,723,019 (3,134,878) Cash Flows April 30, 2021 April 30, 2020 $ $ Cash Flows used in Operating Activities (685,159) (177,751) Cash Flows used in Investing Activities (2,501,982) - Cash Flows from Financing Activities 5,273,407 155,630 Net increase (decrease) in Cash During Period 2,086,266 (22,121) Operating Revenues
During the year ended
relating to royalties earned on oil and gas interests acquired during fiscal year 2021. There was no income during the fiscal year ended
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Operating expenses and net loss
During the year ended
Net loss for the year ended
loss on the change in fair value of the derivative liability,
For the year ended
Liquidity and capital resources
From
cash increases of
From
From
Cash flow from operating activities
During the year ended
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Cash flow from investing activities
During the year ended
Cash flow from financing activities
During the year ended
Going Concern
We have not achieved profitable operations and are dependent on securing financing to pursue significant acquisitions and operations. During the year ended
Off-balance sheet provisions
The Company has no off-balance sheet arrangements.
Future Financings
We will continue to depend on sales of shares of our common stock in order to continue to fund our business activities. Additional share issues will result in dilution for existing shareholders. There can be no assurance that we will make additional sales of equity securities or arrange for debt or other financing to finance planned acquisitions and exploration activities.
Critical Accounting Policies
Our financial statements and the accompanying notes have been prepared in accordance with
We regularly review the accounting policies and estimates we use to prepare our financial statements. A complete summary of these policies is included in the notes to our financial statements. In general, management’s estimates are based on historical experience, information from professional third parties and various other assumptions that are considered reasonable given the facts and circumstances. Actual results could differ from estimates made by management.
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Recently published accounting position papers
The Company has implemented all the new accounting positions in force. These positions did not have a material impact on the financial statements, unless otherwise indicated, and the Company does not believe that there are any other new accounting positions that could have a material impact on its financial position or its operations. operating results.
Contractual Obligations
We are a small reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and we are under no obligation to provide information under this section.
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