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

GlobeChat allows people to communicate with others anywhere in the world, regardless of language, with instantly translated messages. We combine the best elements of WhatsApp and Skype with real-time instantaneous translation. Anyone, anywhere, with any interest can now ‘talk’ via video, voice, or text. Launched in April 2016, we’ve since spread to 150 countries where families, friends, hobbyists, and even celebrities can communicate with each other or their fans around the world.

We envision a world where there are no communication barriers between cultures. GlobeChat unifies people throughout the world, regardless of where they live or the language they speak. By removing language barriers, GlobeChat will be the basis of a world connected by similarities in age, gender, career, politics, music, sports, and all manner of hobbies and interests. Acquistion targets are numerous - but the real end game is a platform that truly connects the world.

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

Milestones

GlobeChat, Inc. was incorporated in the State of Delaware in March 2016.

Since then, we have:

• Champion - 2016 Tech Coast Angeles Startup Competition (#1 of 120 companies)
• Users in 152 countries
• 22,000+ users with zero advertising
• Patent # 14726318: Sending an instantly translated message in one language to multiple recipients simultaneously
• Finalist - 2016 Startup Battle in London, UK (#2 of 350 companies globally)
• $1M+ raised outside of Wefunder

Historical Results of Operations

Our company was organized in March 2016 and has limited operations upon which prospective investors may base an evaluation of its performance.

• Revenues & Gross Margin. For the period ended March 31, 2017, the Company had revenues of $0 compared to the year ended March 31, 2016, when the Company had revenues of $0
• Assets. As of March 31, 2017, the Company had total assets of $723, including $723 in cash. As of March 31, 2016, the Company had $55 in total assets, including $55 in cash.
• Net Loss. The Company has had net losses of $42,934 and net losses of $876,444 for the fiscal years ended March 31, 2017 and March 31, 2016, respectively.
• Liabilities. The Company's liabilities totaled $24,598 for the fiscal year ended March 31, 2017 and $0 for the fiscal year ended March 31, 2016.

Liquidity & Capital Resources

To-date, the company has been financed with $1,011,635 in equity.

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. 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

GlobeChat, Inc. cash in hand is $13,549, as of May 8, 2018 . Over the last three months, revenues have averaged $0/month, cost of goods sold has averaged $0/month, and operational expenses have averaged $2350/month, for an average burn rate of $2350 per month. Our intent is to be profitable in 5-6 months. In the next 30 days we will be launching our business app, and will be charging $5 per user, per month. We have the US military, Red Cross and US Aid testing this app. While we cannot guarantee it, we believe that our revenues will increase but our expenses will remain the same for the next 3-6 months.