Management’s Discussion and Analysis of Financial Condition and Results of Operations

You should read the following discussion and analysis of our financial condition and results of operations together with our financial statements and the related notes and other financial information included elsewhere in this offering. Some of the information contained in this discussion and analysis, including information regarding the strategy and plans for our business, includes forward-looking statements that involve risks and uncertainties. You should review the "Risk Factors" section for a discussion of important factors that could cause actual results to differ materially from the results described in or implied by the forward-looking statements contained in the following discussion and analysis.

Overview

We allow you to buy that top-of-the-line natural language processing technology that your company always wanted rather than building it yourself. You don't need a team of AI experts to use AI to your advantage, just buy the software on our marketplace.

In five years we hope to be providing an efficiency boost to the market as a whole by making AI accessible and usable for numerous various-sized businesses. We hope to abstract beyond the technical expertise needed to implement AI, and allow companies with no technical knowledge to tap into the benefits of this wonderful technology. Our goal is to rid the world of an oligopolistic system where a few large tech companies hold a strong majority of the AI industry, and we hope to be significantly closer to this vision in five years. 

Given the Company’s limited operating history, the Company cannot reliably estimate how much revenue it will receive in the future if any.

Milestones

GenesisAI Corporation was incorporated in the State of Delaware in July 2018.

Since then, we have:

- Our advisory board consists of members with multi-billion dollar exits, AI and Machine Learning experts who are current professors at MIT and Harvard, and marketing strategy experts who are current professors at Harvard Business School.
- We have agreements with over 20 AI supply-side firms who want to place their product on our marketplace and 20 demand-side firms who wish to purchase products on our marketplace.

Historical Results of Operations

Our company was organized in July 2018 and has limited operations upon which prospective investors may base an evaluation of its performance.

• Revenues & Gross Margin. For the period ended December 31, 2018, the Company had revenues of $0.
• Assets. As of December 31, 2018, the Company had total assets of $70,501, including $70,501 in cash.
• Net Loss. The Company has had net losses of $32,374 for 2018.
• Liabilities. The Company's liabilities totaled $0 for 2018.

Liquidity & Capital Resources

To-date, the company has been financed with $65,000 in equity and $217,875 in SAFEs.

After the conclusion of this Offering, should we hit our minimum funding target, our projected runway is 18 months before we need to raise further capital.

We plan to use the proceeds as set forth in this Form C under "Use of Funds". We don’t have any other sources of capital in the immediate future.

We will likely require additional financing in excess of the proceeds from the Offering in order to perform operations over the lifetime of the Company. We plan to raise capital in 18 months. Except as otherwise described in this Form C, we do not have additional sources of capital other than the proceeds from the offering. Because of the complexities and uncertainties in establishing a new business strategy, it is not possible to adequately project whether the proceeds of this offering will be sufficient to enable us to implement our strategy. This complexity and uncertainty will be increased if less than the maximum amount of securities offered in this offering is sold. The Company intends to raise additional capital in the future from investors. Although capital may be available for early-stage companies, there is no guarantee that the Company will receive any investments from investors.

Runway & Short/Mid Term Expenses

GenesisAI Corporation cash in hand is $64,011, as of December 2019. Over the last three months, revenues have averaged $0/month, cost of goods sold has averaged $0/month, and operational expenses have averaged $4,500/month, for an average burn rate of $4,500 per month. Our intent is to be profitable in 24 months.

Since Dec 31st, 2018, monthly expenses increased and GenesisAI raised additional capital.

We estimate to reach a revenue of $500k by the end of April. Our cost is estimated to be 2,000 - 20,000 per month in the next 3-6 months. We rely on existing capital, potential outside capital that might be raised, and potential revenue.