TRIQBRIQ

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
TRIQBRIQ AG produces and sells sustainable wood brick for general construction.

Milestones

TRIQBRIQ AG was incorporated in Germany in September 2021.

Since then, we have:

• Certified, competitive product with revenues and operational production - now scaling up
• Profitable growth with break-even in 2023

Historical Results of Operations

Our company was organized in September 2021 and has limited operations upon which prospective investors may base an evaluation of its performance.

• Revenues & Gross Margin. For the period ended December 31, 2022, the Company had revenues of €374 compared to the year ended December 31, 2021, when the Company had revenues of €46.
• Assets. As of December 31, 2022, the Company had total assets of €1,097,328, including €276,502 in cash. As of December 31, 2021, the Company had €41,195 in total assets, including €37,159 in cash.
• Net Loss. The Company has had net losses of $€77,203 and net losses of €23,628 for the fiscal years ended December 31, 2022 and December 31, 2021, respectively.
• Liabilities. The Company's liabilities totaled €169,158 for the fiscal year ended December 31, 2022 and €14,823 for the fiscal year ended December 31, 2021.

Liquidity & Capital Resources

To-date, the company has been financed with €1,281,600 in equity and €270,000 in convertibles.

After the conclusion of this Offering, should we hit our minimum funding target, our projected runway is 8 months before we need to raise further capital.

We plan to use the proceeds as set forth in the Key Investment Information Sheet 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 6 months. Except as otherwise described in this Key Investment Information Sheet, 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

TRIQBRIQ AG cash in hand is €120,000, as of June 2023. Over the last three months, revenues have averaged €70,000/month, cost of goods sold has averaged €40,000/month, and operational expenses have averaged €80,000/month, for an average burn rate of €50,000 per month. Our intent is to be profitable in 5 months.

Since the date our financials cover, we were awarded a soft loan as subordinated debt by a government bank (€ 800,000) that would have covered investment and expenses until break-even. For administrative reasons (not related to TRIQBRIQ - the program is under review by the relevant ministry), the pay-out of this loan was postponed until further notice, so we are now raising more equity.

We are in the last steps of signing 2,500,000 € in revenues that would keep our production busy at least until end-2023. This would mean that we reach break-even and can finance further growth from ongoing revenues.

We are not yet profitable; break-even requires revenues of c. 80,000 €/month.

We expect to reach this in September/October, when the sales that we are currently lining up are delivered to the client and paid for.

We require advance payment from our clients once they sign the contracts. Should an additional need for cash arise we will take more debt from the bank

All projections in the above narrative are forward-looking and not guaranteed.