KANGE: Discussion and analysis by management of the financial position and operating results (Form 10-Q)

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This Quarterly Report on Form 10-Q contains forward-looking statements within the meaning of Rule 175 of the Securities Act of 1933, as amended, and Rule 3b-6 of the Securities Act of 1934, as amended, that involve risks and substantial uncertainties. . These forward-looking statements are not historical facts, but rather are based on current expectations, estimates and projections about our industry, our beliefs and our assumptions. Words such as “anticipate”, “expect”, “intend”, “plan”, “believe”, “seek” and “estimate” and variations of such words and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond our control and difficult to predict and could cause actual results to differ materially from those expressed or provided for in forward-looking statements. You should not place undue reliance on these forward-looking statements, which only apply as of the date of this Form 10-Q. Investors must carefully consider all of these risks before making an investment decision regarding the shares of the Company. The following discussion and analysis should be read in conjunction with our financial statements and the summary of financial data selected for Kange Corp. Such a discussion represents only the best current assessment of our management.


Description of Company


The Company is a start-up that was incorporated in Nevada to August 16, 2013.

We have had limited operations and received a “going concern” opinion from our auditor on our financial statements for the year ended. November 30, 2020, based on our reliance on related party loans and the sale of our common stock as the sole source of funds for our operations in the near future.

The following MD&A should be read in conjunction with the financial statements and accompanying notes included in this Form 10-Q.

Reports to Securityholders

The Company is not required to file reports under Section 13 or 15 (d) of the Securities Exchange Act of 1934, and is a “voluntary depositor”. As a voluntary depositor, the Company intends to provide its shareholders with annual reports containing financial statements audited by its registered independent accounting firm and to make available quarterly reports containing unaudited financial statements for each. of the first three quarters of each year, but is not required to do so. The Company files quarterly reports on Form 10-Q, annual reports on Form 10-K and routine reports on Form 8-K with the Security and Trade Commission. The Company may also file additional documents with the Commission if such documents become necessary in the course of its operations.


Available Information


All Company reports filed with the SECOND are available free of charge via the DRY website at www.sec.gov. In addition, the public can read and copy documents filed by the Company at the DRY Public reference room located at 100 F Street, NE, Washington DC 20549. The public can also obtain additional information on the operation of the Public reference room by calling the Commission at 1-800-SECOND-0330.


Results of Operations


The following discussion and analysis of our financial condition and results of operations should be read in conjunction with the financial statements and accompanying notes for the three months ended. February 28, 2021 and February 29, 2020, and the related management discussion in this document.

Our financial statements are presented in we dollars and are prepared in accordance with generally accepted accounting principles of United States
(“GAAP”).



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Going Concern Qualification



The Company’s financial statements are prepared in accordance with GAAP applicable to going concern. This contemplates the realization of assets and liquidation of liabilities in the ordinary course of business. At present, the Company does not have significant assets, nor sufficient operating or revenue stream to cover its operating costs and allow it to continue operating. The Company has an accumulated deficit of $ 1,313,256. The Company will be dependent on raising additional capital through the placement of common shares in order to implement its business plan, or to merge with an operating company. There can be no assurance that the Company will be successful in either situation in order to continue to operate. These financial statements do not include any adjustment relating to the recoverability and classification of recognized assets or to the amounts and classification of liabilities that might be necessary in the event that the company could not continue to exist. Consequently, these factors raise significant doubt as to the Company’s ability to continue as a going concern.

The officers and directors are committed to advance certain operating expenses of the Company, including the costs of complying with being a public company.

For the three months ended February 28, 2021 and February 29, 2020:

Our operating results for the three months ended February 28, 2021 and February 29, 2020, and the variations between these periods for the respective items are summarized as follows:


                        Three Months Ended
                  February 28,       February 29,       Change
                      2021               2020           Amount
Operating loss   $       (1,000 )   $       (1,100 )   $    100
Net loss         $       (1,000 )   $       (1,100 )   $    100



During the three months ending February 28, 2021 the Company incurred an operating loss of $ 1,000. For the same period of the previous fiscal year, the Company recorded an operating loss of $ 1,100. The decrease in operating loss during the three months ended February 28, 2021, is mainly due to the decrease in general and administrative expenses of $ 100.

Liquidity and capital resources

Based on our current financial situation, we do not have sufficient liquidity to operate our business at the current level for the next twelve months. We intend to finance our operations through debt and / or equity financing arrangements, which may be insufficient to fund expenses or other cash requirements. We plan to seek additional financing within the framework of a private equity offer to secure the financing of the operations. There can be no assurance that we will be successful in raising additional funds. If we are unable to secure additional funding, the implementation of our business plan will be jeopardized. There can be no assurance that such additional financing will be available to us on acceptable terms, if at all.



Working Capital



The following table shows our working capital at February 28, 2021 and November 30, 2020:


                          As of              As of
                       February 28,       November 30,               Change
                           2021               2020           Amount       Percentage
Current Assets        $            -     $            -     $      -                -
Current Liabilities           22,776             21,776        1,000                5 %
Working Capital       $      (22,776 )   $      (21,776 )   $ (1,000 )             (5 %)



The change in working capital during the closed quarter February 28, 2021, is mainly explained by the increase in current liabilities due to an increase in advances from related parties of $ 1,000.



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Cash Flow


We finance our operations with cash received from senior management and related party advances and equity issues.

The following tables present our cash flows for the three months ended. February 28, 2021 and February 29, 2020:


                                               Three Months Ended
                                         February 28,       February 29,
                                             2021               2020

Cash (used in) operating activities $ (1000) $ (2,500)
Cash provided by fundraising activities

            1,000              2,500
Net change in cash for the period       $            -     $            -




Cash flow from operating activities

We did not generate positive cash flow from operating activities for the three months ended February 28, 2021 Where February 29, 2020.

For the three months ended February 28, 2021, the net cash flow from operating activities consists of a net loss of $ 1,000.

For the three months ended February 29, 2020, the net cash flow from operating activities consists of a net loss of $ 1,100, increased by the net change in operating assets and liabilities of $ 1,400.

Cash flow from investing activities

For the three months ended February 28, 2021 and February 29, 2020, no cash flow was used in investing activities.

Cash flow from financing activities

For the three months ended February 28, 2021 and February 29, 2020, we received
$ 1,000 and $ 2,500, respectively, in advances from related parties, which were used to finance operations and commercial activities.

Off-balance sheet provisions

The Company does not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on the financial position of the Company, changes in the financial position, income or expenses, results of operating, liquidity, capital expenditure or capital resources. that are important to investors.



Critical Accounting Policies



Use of estimates. The preparation of financial statements in accordance with generally accepted accounting principles in United States of America
requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of income and expense during the reporting period . Actual results could differ from these estimates.



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