CORDIA CORP Management’s Discussion and Analysis of Financial Condition and Results of Operations (Form 10-Q)

Forward-looking statements

This report contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Shareholders are cautioned that all forward-looking statements involve risks and uncertainties, including, without limitation, our ability to fully establish our proposed websites and our ability to do business with Palm, Inc. and succeed in selling products. Although we believe that the assumptions underlying the forward-looking statements contained herein are reasonable, each of the assumptions may be incorrect and, accordingly, there can be no assurance that the forward-looking statements

GENERAL

The following discussion and analysis should be read in conjunction with our consolidated financial statements and related footnotes and risk factors

for the year ended December 31, 2021 included in our annual report on Form 10-K. The discussion of results, causes and trends should not be construed to imply any conclusion that such results or trends will necessarily continue in the future.

As of 2020, the company is focusing on the emerging field of ghost kitchens and virtual restaurants. The company seeks to grow its business by meeting customer demand for unique on-site restaurants and amenities.

The company’s plan is to create a portfolio of virtual restaurants that appeal to a broad customer base. The company is actively seeking to acquire locations for shadow kitchens to meet the growth of app-based orders. The Company is also developing a network of third-party restaurants to obtain menus licensed from the Company.

We made licensing deals with three celebrities Carmen Electra, Holly Sondersand Denise Richards. The agreement with Carmen Electra and Denise Richards are in default of payment. The company develops menus for virtual restaurants around each celebrity. The menus will be sold through delivery apps such as UberEats and DoorDash. The company expects to generate revenue through direct product sales, license fees payable, ingredient sales to third-party restaurants and subscription fees.

Results of operations for the three months ended March 31, 2022 compared to the three months ended March 31, 2021

We have had $0 of revenue for the three months ended March 31, 2022 compared to $207
in revenue for the three months ended March 31, 2021. The drop in revenue is due to the decision to cease the activities of our physical restaurant.

Cost of product sales for the three months ended March 31, 2022 has been $0 compared to $0 for the three months ended March 31, 2021.

Professional fees for the three months ended March 31, 2022 has been $0 compared to
$700 for the three months ended March 31, 2021. The change in professional fees is explained by the decrease in legal fees.

General and administrative expenses for the three months ended March 31, 2022
has been $2,012 compared to $3,583 for the three months ended March 31, 2021. The decrease in general and administrative costs is mainly due to the suspension of on-site meals.

Cash Flows



Operating Activities

Net cash used in operating activities for the three months ended March 31, 2022
amounted to ($4,291) and net cash used in operating activities for the three months ended March 31, 2021 amounted to ($11,868). This includes a net loss from continuing operations of approximately ($12,753) for the three months ended
March 31, 2022 and $4,076 for the three months ended March 31, 2021.

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Investing Activities



None



Financing Activities

Net cash used by financing activities amounted to $7,122 for the three months ended March 31, 2022 and net cash provided by financing activities amounted to
$9,050 for the three months ended March 31, 2021.

Cash and capital resources

The Company’s unaudited condensed consolidated financial statements are prepared in accordance with generally accepted accounting principles. The United States of America
applicable to a going concern that contemplates the realization of assets and the liquidation of liabilities in the ordinary course of business.

The Company has not yet established a continuing source of revenue sufficient to cover its operating costs and enable it to continue in operation. The Company’s ability to continue as a going concern depends on the Company obtaining sufficient capital to fund operating losses until it becomes profitable. If the Company is unable to obtain sufficient capital, it may be forced to cease operations.

In order to continue its operation, the Company will need, among other things, additional capital resources. Management’s plan is to secure these resources for the Company by continuing to generate revenue, securing capital from management and significant shareholders sufficient to meet its operating expenses, and seeking equity and / or by loan. However, management cannot guarantee that the Company will succeed in carrying out any of its plans.

The Company does not have sufficient cash flows for the next twelve months from the publication of these unaudited condensed consolidated financial statements. The ability of the Company to continue its operation depends on its ability to successfully carry out the plans described in the preceding paragraph and possibly to obtain other sources of financing and to carry out profitable operations. The accompanying unaudited condensed consolidated financial statements do not include any adjustments that may be required if the Company is unable to continue as a going concern.

Off-balance sheet arrangements

There are no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in our financial condition, income or expenses, results of operations, liquidity , our capital expenditures or our capital resources that are important to investors. .

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