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Liquidity and Capital Resources
3 Months Ended
Jan. 31, 2021
Liquidity And Capital Resources  
Liquidity and Capital Resources
6. NOTE 6 – LIQUIDITY AND CAPITAL RESOURCES

 

The Company has recently incorporated and has not yet commenced operations. As the Company is currently jumpstarting its medical technology and device research, development and distribution business, there will be concerted, focused efforts on raising capital. During October 2018, we were successful in raising net proceeds of $200,000 through a private placement in order to fund the development and growth of our operations. (See Note 7). During October 2019, we were successful in getting the registration of our common securities declared effective by the SEC in order to enhance and expand our capital raising efforts. During January 2021, we were successful in raising proceeds of $500,000 through a private placement to fund the continuing development and growth of our operations. (See Note 7). Our ability to continue as a going concern is dependent on our obtaining additional adequate capital to fund additional operating losses until we become profitable. If we are unable to obtain adequate capital, we could be forced to cease operations.