AGGG Antilia Group Corporation (CE)

Item 2. Management’s Discussion and Analysis of Financial Condition or Plan of Operation

FORWARD-LOOKING STATEMENTS

This quarterly report contains forward-looking statements. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “potential” or “continue” or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results.

Our consolidated unaudited financial statements are stated in United States Dollars (US$) and are prepared in accordance with United States Generally Accepted Accounting Principles. The following discussion should be read in conjunction with our financial statements and the related notes that appear elsewhere in this quarterly report. The following discussion contains forward-looking statements that reflect our plans, estimates and beliefs. Our actual results could differ materially from those discussed in the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those discussed below and elsewhere in this quarterly report.

Unless otherwise specified in this quarterly report, all dollar amounts are expressed in United States dollars and all references to “common stock” refer to shares of our common stock.

As used in this quarterly report, the terms “we”, “us”, “our company”, mean Antilia Group, Corp., a Nevada corporation, unless otherwise indicated.

Corporate Overview

We were incorporated in the State of Nevada on September 19, 2016. We are in the business of selling used automobiles that we purchase in the United States to customers in the USA and Dominican Republic. We purchase our automobiles primarily at used car stores, private sellers, dealer-auctions and sell them to private buyers or other car dealers in the USA and Dominican Republic. We are developing a website that will display a variety of used automobiles and their prices, and will advertise our services and fees. Our principal office address is located at Calle Duarte, No. 6, Sosua, Dominican Republic. Our telephone number is 829-217-2262.

We are in the business of selling used automobiles that we purchase in the United States to customers in the USA and Dominican Republic. Our service includes checking the condition of the automobiles, shipping and handling and custom clearing if needed. Our goal is to maintain a 60 day turn around period for all inventory. We will display the automobiles that we own on our website. Our customers will be able to select an automobile on our website according to their budget and preferences. Our customers will also be able to order vehicles which are not displayed on our website by specifying the make, model and year. When we do not have the vehicles that our client wants, we search for it in automobile auctions and through a network of other car dealers. If our clients want to choose automobiles individually throughout the auction or other options, we consult them for 5-10% interest.

We do not have any subsidiaries.

We have not ever declared bankruptcy, been in receivership, or involved in any kind of legal proceeding.

Revenue

During the three months ended October 31, 2018 and October 31 2017, the Company had not generated any revenue.

Operating Expenses

During the three month ended October 31, 2018, we incurred operating expenses of $6,086 compared to $9,693 for the three months ended October 31, 2017. General and administrative and professional fee expenses incurred generally related to corporate overhead, financial and administrative contracted services, such as legal and accounting, developmental costs, and marketing expenses.

Net Loss

Our net loss for the three month ended October 31, 2018 was $6,086 compared to $9,693 for the three months ended October 31, 2017.

Nine months ended October 31, 2018 compared to nine months ended October 31, 2017

Revenue

During the nine months ended October 31, 2018, the Company has generated $4,820 in revenue and the cost of goods sold was $4,320 from the consignment sales of used automobile. During the nine months ended October 31, 2017, the Company generated $21,300 in revenue and the cost of goods sold was $19,400.

Operating Expenses

During the nine month ended October 31, 2018, we incurred operating expenses of $15,724 compared to $23,747 for the nine months ended October 31, 2017. General and administrative and professional fee expenses incurred generally related to corporate overhead, financial and administrative contracted services, such as legal and accounting, developmental costs, and marketing expenses.

Net Loss

Our net loss for the nine month ended October 31, 2018 was $15,224 compared to $21,847 for the nine months ended October 31, 2017.

As at October 31, 2018, our total assets were $533 compared to $6,139 in total assets at January 31, 2018. As at October 31, 2018, total assets comprised of $533 in net fixed assets. As at October 31, 2018, our current liabilities comprised of accounts payable and accrued liabilities of $2,528 and related party loans of $20,857 compared to accounts payable and accrued liabilities of $100 and related party loans of $13,667 as of January 31, 2018.

Stockholders’ deficit was $22,852 as of October 31, 2018 compared to $7,628 as of January 31, 2018.

Cash Flows from Operating Activities

For the nine months ended October 31, 2018, net cash flows used in operating activities was $8,176 , consisting of net loss of $15,224 amortization expense of $300, inventory of $4,320 and accounts payable of $2,428.

For the nine months ended October 31, 2017, net cash flows used in operating activities was $25,800 , consisting of net loss of $21,847, amortization expense of $267, inventory of $4,320 and accounts payable of $100.

Cash Flows from Investing Activities

For the nine months ended October 31, 2018, we had not use any funds in investing activities.

During the nine months ended October 31, 2017, we have used $1,200 in investing activities to purchase computer equipment.

Cash Flows from Financing Activities

Cash flows provided by financing activities during the nine months ended October 31, 2018 was $7,190 from director’s advancement.

Cash flows provided by financing activities during the nine months ended October 31, 2017 was $30,750, consisting of proceeds from issuance of common stock of $26,100 and advancement from the director of $4,650.

PLAN OF OPERATION AND FUNDING

We expect that working capital requirements will continue to be funded through a combination of our existing funds and further issuances of securities. Our working capital requirements are expected to increase in line with the growth of our business.

Existing working capital, further advances and debt instruments, and anticipated cash flow are expected to be adequate to fund our operations over the next twelve months. We have no lines of credit or other bank financing arrangements. Generally, we have financed operations to date through the proceeds of the private placement of equity and debt instruments. In connection with our business plan, management anticipates additional increases in operating expenses and capital expenditures relating to: (i) acquisition of inventory; (ii) developmental expenses associated with a start-up business; and (iii) marketing expenses. We intend to finance these expenses with further issuances of securities, and debt issuances. Thereafter, we expect we will need to raise additional capital and generate revenues to meet long-term operating requirements. Additional issuances of equity or convertible debt securities will result in dilution to our current shareholders. Further, such securities might have rights, preferences or privileges senior to our common stock. Additional financing may not be available upon acceptable terms, or at all. If adequate funds are not available or are not available on acceptable terms, we may not be able to take advantage of prospective new business endeavors or opportunities, which could significantly and materially restrict our business operations.

Off-Balance Sheet Arrangements

We have no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to stockholders.

Going Concern

The independent auditors’ report accompanying our January 31, 2018 financial statements contained an explanatory paragraph expressing substantial doubt about our ability to continue as a going concern. The financial statements have been prepared “assuming that we will continue as a going concern,” which contemplates that we will realize our assets and satisfy our liabilities and commitments in the ordinary course of business.