Uncategorized FINGERMOTION, INC. – 10-Q – MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS – Insurance News Net
The terms the “Registrant”, “we”, “us”, “our”, “FingerMotion” and the “Company”
mean
consolidated subsidiaries and contractually controlled companies.
Cautionary Note Regarding Forward-Looking Statements
The Company was initially incorporated as
America
Our principal executive offices are located at
10036, and our telephone number at that address is (347) 349-5339.
designee(s)
? a call option agreement under which the owner of JiuGe Technology has
? a share pledge agreement under which the owner of JiuGe Technology has
Technology
of its
Agreement
Acquisition of Beijing Technology
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China Unicom Cooperation Agreement
China Mobile Cooperation Agreement
In
agreement (the “China Mobile Cooperation Agreement”) with China Mobile’s
subsidiary,
Financial”) to explore and create a new forward-leaning business model that
combines the traditional loyalty point redemption business with an e-commerce
platform designed to create a higher evolution of brand loyalty.
100%
100%
100%
100%
Contractually
100%
Contractually
(3)
(5)
Business
(6)
(7)
(8)
Telecommunications Products and Services
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Three Months Ended
2020
The following table sets forth the Company’s revenue from its three lines of
business for the periods indicated:
Telecommunication Products & Services $ 2,315,308 $
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General & Administrative Expenses
The following table sets forth the Company’s general and administrative expenses
for the periods indicated:
We recorded
months ended
three months ended
salaries are principally the result of the building of our three lines of
businesses.
We incurred fees of
ended
and usage fees charged by telecommunications companies.
This division comprises of experienced actuaries, data scientists and computer
programmers.
The expenses for research & development include associated wages and salaries,
data access fees and IT infrastructure.
The 1st stage of prototyping on Phase 1 – analytical framework and business
applications have been completed and target to commercialize by the middle of
calendar 2022.
Net Loss attributable to the Company’s shareholders
Nine Months Ended
2020
The following table sets forth the Company’s revenue from its three lines of
business for the periods indicated:
Telecommunication Products & Services $ 5,005,278 $
We recorded depreciation of
ended
General & Administrative Expenses
The following table sets forth the Company’s general and administrative expenses
for the periods indicated:
We recorded
months ended
the nine months ended
salaries are principally the result of the building of our three lines of
businesses.
This division comprises of experienced actuaries, data scientists and computer
programmers.
The expenses for research & development include associated wages and salaries,
data access fees and IT infrastructure.
The 1st stage of prototyping on Phase 1 – analytical framework and business
applications have been completed and target to commercialize by the middle of
calendar 2022.
Net Loss attributable to the Company’s shareholders
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Liquidity and Capital Resources
The following table sets out our cash and working capital as of
2021
Cash Flow used in Operating Activities
Cash Flow used in Investing Activities
During the nine months period ended
decreased by
Cash Flow provided by Financing Activities
During the nine months period ended
increased by
2020
common stock.
Off-Balance Sheet Arrangements
On
on the Nasdaq Capital Market under the current trading symbol of “FNGR”.
On
common stock to two entities pursuant to consulting agreements.
Critical Accounting Policies
Refer to “Critical Accounting Policies” under Item 7, Management’s Discussion
and Analysis of Financial Condition and Results of Operations in our Annual
Report on Form 10-K for our fiscal year ended
Recently Issued Accounting Pronouncements
The Company does not believe recently issued but not yet effective accounting
standards, if currently adopted, would have a material effect on the
consolidated financial position, statements of operations and cash flows.
NMI Holdings, Inc. to Announce Fourth Quarter and Full Year 2021 Financial Results on February 15, 2022
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