PERK INTERNATIONAL INC. MANAGEMENT REPORT AND ANALYSIS OF FINANCIAL POSITION AND OPERATING RESULTS (Form 10-Q)

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The following information should be read in conjunction with our financial statements and accompanying notes included in Part I, item 1, above.


Forward Looking Statements


Certain matters discussed herein are forward-looking statements. These forward-looking statements contained in this Form 10-Q involve risks and uncertainties, including statements regarding:

·   our future strategic plans;
·   our future operating results;
·   our business prospects;
·   our contractual arrangements and relationships with third parties;
·   the dependence of our future success on the general economy;
·   our possibility of not successfully raising future financings; and
·   the adequacy of our cash resources and working capital.



These forward-looking statements can generally be identified as such because the context of the statement will include words such as “we believe”, “anticipate”, “expect”, “estimate” or words of similar meaning. Similarly, statements that describe our future plans, objectives or goals are also forward-looking statements. These forward-looking statements are subject to certain risks and uncertainties which are described adjacent to these statements and which could cause actual results to differ materially from those anticipated. Shareholders, potential investors and other readers are urged to consider these factors when evaluating forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements included herein are made only as of the date of this Form 10-Q, and we undertake no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.


Business Overview



General


Perk International, Inc. is an acquisition and sales management firm for early-stage and high-growth healthcare companies and technologies. The Company has developed specific criteria and standards that must be met by each acquisition candidate. Once identified, the Company will have access to a team of highly experienced and well-trained industry professionals to perform thorough due diligence on the potential acquisition partner. Following a successful due diligence, Perk International, Inc. We may consult M&A advisors to structure and present an attractive proposal to the selling entity.

Perk International, Inc., now feels very comfortable entering the rapidly growing healthcare market. It is believed that holistic ingredients and other natural and organic ingredients are believed to provide many medical benefits. It has been reported that the holistic and natural ingredients may be able to treat hundreds of medical conditions.






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Our Objective


It is the objective of Perk International, Inc. controlling all aspects of the natural and organic farming industry, from growth to extraction and distribution. This will allow us to avoid the risk of stagnant or contaminated biomass due to third party extraction labs operating at full capacity.

Perk International, Inc.has designed its future in a 3-step deployment:


   1. Grow and distribute high grade, certified natural and organic ingredients.

   2. Own or invest in facilities to manufacturer skincare and supplements

   3. Provide international wholesale distribution of natural and organic health
      care products and acquire and open Med Spa's through the United States and
      the World.



To achieve this goal, we have selected a team of experienced industry professionals

Our ultimate goal is to achieve exceptional multiples of growth, valuation and turnover for Perk International, “Inc. and its shareholders.

Results of operations for the three months ended August 31, 2021 compared to the three months ended August 31, 2020

general and administrative

For the three months ended August 31, 2021 we incurred $13,619 general and administrative (“G&A”) expenses in relation to $22,474 for the three months ended
August 31, 2020a decrease of $8,855 i.e. 39.4%.

Other expenses

For the three months ended August 31, 2021we had interest charges of $3,138
compared to $2,065 for the three months ended August 31, 2020. The increase in interest expense is attributable to accrued interest on our borrowings and notes payable.



Net loss

For the three months ended August 31, 2021 the Company recorded a net loss of $16,757
compared to $24,539 in the previous period.

Cash and capital resources

For the three months ended August 31, 2021 We used $21,378 in operations with respect to $4,644 in the previous period.

For the three months ended August 31, 2021we neither used nor received cash from financing activities, compared to $4,644 received from a related party in the prior period.

Critical accounting estimates and policies

The preparation of financial statements in accordance with generally accepted accounting principles in The 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 expenses during the reporting period . Note 2 to the financial statements describes the main accounting policies and methods used in the preparation of the financial statements. Estimates are used for, but not limited to, contingencies and taxes. Actual results could differ materially from these estimates. The following critical accounting policies are strongly influenced by the judgments, assumptions and estimates used in the preparation of the financial statements.






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We are subject to various loss contingencies that arise in the normal course of business. We consider the likelihood of loss or impairment of an asset or the occurrence of a liability, as well as our ability to reasonably estimate the amount of the loss in determining loss contingencies. A provision for estimated loss is recognized when management concludes that it is probable that an asset has been impaired or a liability has been incurred and the amount of the loss can be reasonably estimated. We regularly assess the current information available to us to determine if these accrued liabilities need to be adjusted.

We recognize deferred tax assets and liabilities (future tax benefits) for the expected future tax consequences of temporary differences between the carrying amounts and the tax basis of the assets and liabilities. Deferred tax assets and liabilities represent the expected consequences on future tax yield of these differences, which should be deductible or taxable when the assets and liabilities are recovered or settled. Future tax benefits have been fully offset by a 100% valuation allowance as management is unable to determine that it is more likely than not that this deferred tax asset will be realized. .

Recent accounting pronouncements

The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have a material impact on the financial statements, unless otherwise stated, and the Company does not believe that there are any other new accounting pronouncements that could have a material impact on its financial position. or its results of operations.

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