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The Registrant anticipates that there will be significant
changes in the results of operations from the corresponding period for the last fiscal year. Net revenues for the nine-month period ending
March 31, 2023, are estimated at $103,944 compared to $321,000 for the nine-month period ending March 31, 2022. Net revenues for the three-month
period ending March 31, 2023, are estimated at $10,605 compared to $127,173 for the three -month period ending March 31, 2022. This decrease
is the result of the Company’s pivot away from supermarket distribution and shift to hotel distribution, where Management believes
the Nightfood brand is better positioned to thrive.
The Company expects to report operating expenses
of $155,659 and $460,646 respectively for the three months ended March 31, 2023 and March 31, 2022 and operating expenses of
$1,485,144 and $1,966,538 respectively for the nine months ended March 31, 2023 and March 31, 2022. Operating expenses include
selling, general and administrative expenses, advertising and promotional costs, professional fees and costs of products sold along
with certain cash and non-cash expenses related to SEC compliance financing activities, and maintaining our public entity in good
standing.
We have a significant gain from non-cash expenses
recorded during the current three-month period ended March 31, 2023 in conjunction with settlements related to certain financing transactions
recorded as financing costs which has resulted in other income in the period of $1,130,947 as compared to other expenses in the three
months ended March 31, 2022 of $100,295. Other expense during the nine months ended March 31, 2023 and 2022 is expected to be $3,394,279
and $402,824, respectively, with the increase in other expense primarily related to interest expense from financing costs and the amortization
of debt discount in the current nine months ended March 31, 2023..These non-cash transactions are recorded as expenses. This is not an
increase in debt or payables.
The Company expects to report net income of $985,893 for the three months
ended March 31, 2023 as compared to a net loss of $433,768 for the three months ended March 31, 2022, and net losses for each of the nine
months ended March 31, 2023 and 2022 of $4,775,478 and $2,048,362, respectively.
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