Xenous Holdings, Inc. (the Company)“Company”) was incorporated on May 20, 1980 as Concept Holding Corp.Dayne Weiss and Associates, Inc. under the laws of the State of Utah.

On December 19, 2014, the Company completed a change of domicile merger with Concept Holding Corp., a Nevada corporation, which became the surviving entity and Concept Technologies, Inc., a Utah corporation ceased.

On July 21, 2017, the Board of Directors of the Company elected to file Articles of Merger with the Nevada SOS whereby it would enter into a statutory merger with its wholly-owned subsidiary, M101 Corp., a Nevada corporation, pursuant to Nevada Revised Statutes 92A.200, et seq. The effect of such merger is the Company is the surviving entity and changed its name to “M101 Corp.” The merger took effect on August 14, 2017. The Company currently has no business operations.

The accompanying unaudited financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and in accordance with the instructions to Form 10-Q and Article 8 of Regulation S-X. In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included. Operating results for the nine months ended December 31, 20192020 are not necessarily indicative of the results that may be expected for the year ending March 31, 2020.2021. The notes to the unaudited financial statements are condensed, as disclosures that would substantially duplicate the disclosures contained in the audited financial statements for fiscal year 20192020 have been omitted. This report should be read in conjunction with the audited financial statements and the footnotes thereto for the fiscal year ended March 31, 20192020 included in the Company’s Form 10-K as filed with the Securities and Exchange Commission on July 9, 2019.

The Company prepares its financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”)“GAAP,” which require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

The Company’s financial instruments consist primarily of accounts payable and debts. The carrying amounts of such financial instruments approximate their respective estimated fair value due to the short-term maturities and approximate market interest rates of these instruments.

We follow ASC 850,

COVID-19

In early 2020, the World Health Organization declared the rapidly spreading coronavirus disease (COVID-19) outbreak a pandemic. This pandemic has resulted in governments worldwide enacting emergency measures to prepayment made for future services in advance and will be expensed over time ascombat the benefitspread of the servicesvirus. The Company considered the impact of COVID-19 on the assumptions and estimates used and determined that there were no material adverse impacts on the Company’s results of operations and financial position at December 31, 2020. The full extent of the future impacts of COVID-19 on the Company’s operations is receiveduncertain. A prolonged outbreak could have a material adverse impact on financial results and business operations of the Company in the future, expected within one year.

Management has considered all recent accounting pronouncements issued and believes that these recent pronouncements will not have a material effect on the Company’s financial statements.

The Company has not yet generated any revenue since its inception and has an operating loss and net loss of $56,182$73,546 for the nine months ended December 31, 2019.2020. As of December 31, 2019,2020, the Company has accumulated deficit of $866,260,$947,543, and negative working capital of $555,460.$636,743. The Company’s continuation as a going concern is dependent on its ability to execute its operation plan to generate sufficient cash flows from operations to meet its obligations and/or obtaining additional financing from its shareholders or other sources, as may be required. There can be no assurance that the necessary debt or equity financing will be available or will be available on terms acceptable to the Company. We estimate that based on current plans and assumptions, our available cash will not be sufficient to satisfy our cash requirements under our present operating expectations, without further financing, for up to 12 months.

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern; however, the above conditions raise substantial doubt about the Company’s ability to do so. The financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classifications of liabilities that may result should the Company be unable to continue as a going concern.

While we believe in the viability of our strategy to generate sufficient revenues in the future and in our ability to raise additional funds, there can be no assurances to that effect. The ability of our company to continue as a going concern is dependent upon our ability to further implement our business plan, generate sufficient revenue to cover operating expenses and in our ability to raise additional funds.

The Company is authorized to issue an aggregate of 10,000,000 shares of preferred stock with a par value of $0.001 per share. As atof December 31, 20192020 and March 31, 2019,2020, no preferred shares have been issued.

The Company is authorized to issue an aggregate of 10,000,000,000 shares of common stock with a par value of $0.001 per share.

Management has evaluated subsequent events through the date these financial statements were issued. Based on our evaluation, no material events have occurred that require disclosure.

We had no operations during the three months ended December 31, 20192020 or 2018,2019, nor do we have operations as of the date of this filing. We had a net loss of $16,380$19,633 and $24,159$16,380 for the three months ended December 31, 20192020 and 2018,2019, respectively. The decreaseincrease was mainly attributable to the decreaseincrease in professional fees incurred during the three months ended December 31, 2019.2020. Professional fees were $13,164$19,488 and $18,755$13,164 for the three months ended December 31, 2020 and 2019, and 2018, respectively. The decrease in professional

Other expenses was mainly attributable to the decrease in legal fees. General and administrative expenses were $1,072 and $3,260 for

We had no operations during the nine months ended December 31, 20192020 or 2018,2019, nor do we have operations as of the date of this filing. We had a net loss of $56,182$73,546 and $177,827$56,182 for the nine months ended December 31, 20192020 and 2018,2019, respectively. The decreaseincrease was mainly attributable to the decreaseincrease in professional fees incurred during the nine months ended December 31, 2019.2020. Professional fees were $42,414$61,988 and $151,621$42,414 for the nine months ended December 31, 2020 and 2019, and 2018, respectively. The decrease in professional

Other expenses was mainly attributable to the decrease in legal fees. General and administrative expenses were $7,361 and $19,799 for theduring nine months ended December 31, 2019 and 2018, respectively. The decrease in general and administrative expensesare accrued interest payable on the convertible note that was mainly attributable torepaid during the decrease in filing, listing and transfer agent fees.

As of December 31, 2019,2020 and March 31, 2019, our total assets were $0 and $7,000, respectively.

As of December 31, 2019,2020 and March 31, 2019,2020, our total liabilities were $555,460$636,743 and 506,278, respectively.

Stockholders’ deficit was at $555,460$636,743 as of December 31, 20192020 compared to deficit of $499,278$563,197 as of March 31, 2019.

We had no cash on hand as of December 31, 20192020 or March 31, 2020 to meet ongoing expenses and debts that may accumulate. Accumulated deficit was at $866,260$947,543 as of December 31, 2019,2020, compared to accumulated deficit of $810,078$873,997 as of March 31, 2019.

As atof December 31, 2019,2020, we had a working capital deficit of $555,460$636,743 compared with a working capital deficit of $499,278$563,197 as atof March 31, 2019.2020. The increase in working capital deficit was primarily attributed to thean increase in amount due to related partiesparty for advancement from directorsthe Company’s majority shareholder paying off vendors on behalf of the Company.

We have not generated any positive cash flow from operating activities.

For the nine months ended December 31, 2020, net cash flows used in operating activities was $62,802. The net cash used in operating activities for the nine months ended December 31, 2020 was attributed to a net loss of $73,546, decreased by an increase in accounts payable and accrued liabilities of $10,744.

For the nine months ended December 31, 2019, net cash flows used in operating activities was $45,361. The net cash used in operating activities for the nine months ended December 31, 2019 was attributed to a net loss of $56,182, increased by a decrease in accounts payable and accrued liabilities of $2,586 and was offsetdecreased by a decrease in prepaid expensesexpense of $7,000 and an increase in accrued interest from note payable of $6,407.

Cash Flow from Investing Activities

During the nine months ended December 31, 2020 and 2019, we had no investing activities.

Cash Flow from Financing Activities

We have financed our operations primarily from advances and loans from Smartex Investment Ltd., majority shareholder of the Company.

For the nine months ended December 31, 2018, net cash flows used in operating activities was $214,223. The net cash used in operating activities for the nine months ended December 31, 2018 was attributed to a net loss of $177,827, increased by a decrease in accounts payable2020 and accrued liabilities of $38,635 and was offset by an increase in prepaid expenses of $4,167 and an increase in accrued interest from note payable of $6,406.

Our independent auditors have added an explanatory paragraph to their audit issued in connection with the financial statements for the periodyear ended March 31, 2019,2020, relative to our ability to continue as a going concern. The Company, which has not generated any revenues, has incurred net losses, has nominal assets and a stockholders’ deficit. These conditions, among others, raise substantial doubt about the Company’s ability to continue as a going concern. The Company’s continuation as a going concern is dependent on its ability to meet its obligations, to obtain additional financing as may be required and ultimately to attain profitability. The financial statements do not include any adjustments that might result from the outcome of this uncertainty

The Company is dependent on advances from its principal shareholders or other affiliated parties for continued funding. There are no commitments or guarantees from any third party to provide such funding nor is there any guarantee that the Company will be able to access the funding it requires to continue its operations.

We do not have any 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 an investor in our securities.