Once we have completed the financings, our specific business plan for the next 8 months is as follows:
Develop our Website
We will procure a web designer to complete a corporate website and credit card payment processing services.
Initial Marketing Campaign
Once our website is fully operational, we intend to market our products aggressively through web, print and other mediums.
Web Marketing: Search Engine Optimization services will be used to assure that we are found using key words associated with “wind energy”, “Ireland”, “off the grid” and more. We intend to make our website a marketing piece in itself with maps showing wind speed locations in Ireland and the UK as well as other information on the benefits of wind energy products.
Print Media Advertising: We intend to market our products in magazines and other print media that target an environmentally conscious consumer base.
We intend to spend up to $20,000 on marketing efforts. The marketing budget is not a set cost but will be based on the amount raised in the financing.
RESULTS OF OPERATIONS
For the period from February 25, 2010 (date of inception) to April 30, 2016, the Company did not earn any revenues.
Comparison of Three Months Ended April 30, 2016 and 2015
During the three months ended April 30, 2016, the Company incurred $6,045 of operating expenses compared with $5,387 of operating expenses during the three months ended April 30, 2015. The increase in operating expenses was attributed to an increase in professional fees incurred, including legal fees relating and a decrease in general and administrative costs.
The Company incurred a net loss of $6,045 or $0 per share, for the three months ended April 30, 2016 compared with a net loss of $5,387 or $0 per share, for the three months ended April 30, 2015.
Comparison of Six Months Ended April 30, 2016 and 2015
During the six months ended April 30, 2016 the Company incurred $17,333 of operating expenses compared with $15,562 of operating expenses during the six months ended April 30, 2015. The increase in operating expenses was attributed to a increase in professional fees incurred, including legal fees relating and an increase in general and administrative costs.
The Company incurred a net loss of $17,333 or $0 per share, for the six months ended April 30, 2016 compared with a net loss of $15,562 or $0 per share, for the six months ended April 30, 2015.
LIQUIDITY AND CAPITAL RESOURCES
As of April 30, 2016 and October 31, 2015, the Company had cash of $0 and total assets of $0.
As of April 30, 2016, the Company had total liabilities of $100,638 compared with total liabilities of $83,305 as of October 31, 2015. The increase in total liabilities is due to an increase in accounts payable and accrued liabilities as the Company had limited cash flows to repay outstanding obligations as they became due.
On March 14, 2013, a Registration Statement on Form S-1 was declared effective by the SEC, registering a total of 10,000,000 shares of our common stock (the “Registered Shares”) in an initial public offering (the “Offering”). As of October 31, 2013, the Company issued 2,900,000 Registered Shares for a total of $29,000 in proceeds and the Offering has been completed.
In order to execute on our business strategy, we will require additional working capital commensurate with the operational needs of our planned marketing and development efforts. Accordingly, we expect to use debt and/or equity financing to fund operations for the foreseeable future.
We anticipate that we will incur the following expenses over the next twelve months: