The following information should be read in conjunction with (i) the
consolidated financial statements of Alpha Network Alliance Ventures Inc., a
Delaware corporation and development stage company, and the notes thereto
appearing elsewhere in this Form 10-Q together with (ii) the more detailed
business information and the December 31, 2019 audited financial statements and
related notes included in the Company's most recent Annual Report on Form 10-K
(File No. 000-54126), as filed with the SEC on June 25, 2021. Statements in this
section and elsewhere in this Form 10-Q that are not statements of historical or
current fact constitute "forward-looking" statements.



OVERVIEW



Alpha Network Alliance Ventures Inc. is a development stage company. We were
incorporated under the laws of the State of Delaware on August 12, 2010, and are
engaged in the development of a social networking website, www.kababayanko.com,
for overseas workers from the Philippines and others who share or are interested
in their lifestyle. Our fiscal year end is December 31, and we have no
subsidiaries. Our social networking website aims to provide overseas workers
from the Philippines with a platform to share their overseas working and living
experiences, and interact with a community of Filipino overseas workers from
around the world.




Our business offices are currently located at 11801 Pierce St., 2nd Floor,
Riverside, California 92505. We have a website located at www.kababayanko.com;
however, the information contained on our website does not form a part of this
Form 10-Q.



Going Concern



To date the Company has little operations and little revenues and consequently
has incurred recurring losses from operations. No revenues are anticipated until
we complete the financing described in our Registration Statement on Form S-1,
as amended (File No. 333-182596), declared effective by the SEC on March 18,
2014, and implement our initial business plan. The ability of the Company to
continue as a going concern is dependent on raising capital to fund our business
plan and ultimately to attain profitable operations. Accordingly, these factors
raise substantial doubt as to the Company's ability to continue as a going
concern.



Our activities have been financed primarily from cash loans in the principal
amount of $1,125,498 from our sole director and officer. Of this amount,
$825,498 is designated as advances from stockholders, while $300,000 is
designated as deposit for future share subscriptions. No subscribed shares are
outstanding that cannot be legally issued until paid for. These advances are
unsecured and there are no terms for repayment.



CRITICAL ACCOUNTING POLICIES



The discussion and analysis of our financial condition and results of operations
are based on our consolidated financial statements, which have been prepared in
accordance with accounting principles generally accepted in the United States
("US GAAP"). The preparation of these consolidated financial statements requires
us to make estimates and judgments that affect the reported amounts of assets,
liabilities, revenues and expenses, and related disclosure of contingent assets
and liabilities. On an ongoing basis, we evaluate our estimates based on
historical experience and on various other assumptions that are believed to be
reasonable under the circumstances, the results of which form the basis for
making judgments about the carrying values of assets and liabilities that are
not readily apparent from other sources. Actual results may differ from these
estimates under different assumptions or conditions. We have identified the
policies below as critical to our business operations and to the understanding
of our financial results:




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Development Stage Company





The Company is considered to be in the development stage as defined in Statement
of Financial Accounting Standards (SFAS) No. 7, "Accounting and Reporting by
Development Stage Enterprises". The Company has devoted substantially all of its
efforts to business planning, and development. Additionally, the Company has
allocated a substantial portion of their time and investment in bringing their
product to the market, and the raising of capital.



Use of Estimates



The Company prepares financial statements in conformity with generally accepted
accounting principles that require management to make estimates and assumptions
that affect the amounts reported in the financial statements and accompanying
notes. Although these estimates are based on management's knowledge of current
events and actions it may undertake in the future, they may ultimately differ
from actual results.



Cash and Cash Equivalents

The Company considers all highly liquid instruments purchased with maturities of one year or less to be cash equivalents.





Property and Equipment



Property and equipment are stated at cost. Major repairs and betterments are
capitalized and normal maintenance and repairs are charged to expense as
incurred. Depreciation is computed by the straight-line method over the
estimated useful lives of the related assets. Upon retirement or sale of an
asset, the cost and accumulated depreciation are removed from the accounts and
any gain or loss is reflected in operations.

Fair Value of Financial Instruments

The fair value of cash and cash equivalents and accounts receivable and accounts payable approximates their carrying amount.





PLAN OF OPERATION



Our plan of operations over the 12 month period following successful completion
of our offering (the "Offering") registered the Form S-1, as amended, and as
declared effective by the SEC on March 18, 2014, is as follows, assuming the
sale of 25%, 50%, 75% and 100%, respectively, of the securities offered for sale
by the Company in the Form S-1:



                              If 25% of          If 50% of           If 75% of          If 100% of
                             Shares Sold        Shares Sold         Shares Sold         Shares Sold
Gross proceeds from this
offering                     ($)937,500        ( $)1,875,000

($)2,812,500 ($)3,750,000



Product Development
OCW (Overseas Contract
Workers) Social
Networking Site                    75,000             150,000             225,000             300,000
Global Karaoke Social
Networking Sites                   75,000             150,000             225,000             300,000
EBID services                      50,000             100,000             150,000             200,000
PC/MAC and Mobile VOIP
Provider (All Mobiles
Systems)                          100,000             200,000             300,000             400,000
Global Social Market
Place Platform                     25,000              50,000              75,000             100,000
Healthy Aging Social
Channel                            75,000             150,000             225,000             300,000
Web/graphic design                 60,000             120,000             180,000             240,000
Equipment/servers                  35,000              70,000             105,000             140,000
VoIP connectivity fees             25,000              50,000              75,000             100,000
Sales/marketing Assistant          75,000             150,000             225,000             300,000
Marketing & Company
collateral                        125,000             250,000             375,000             500,000
Media Advertising                  50,000             100,000             150,000             200,000
Office Lease                       20,000              40,000              60,000              80,000
Office Equipment                   15,000              30,000              45,000              60,000
Offices Expenses                   42,500              85,000             127,500             170,000
Telephone                           7,500              15,000              22,500              30,000
Miscellaneous/contingency          37,500              75,000             112,500             150,000
Legal and Accounting               37,500              75,000             112,500             150,000
Transfer Agent                      1,500               2,000               2,500               3,000
Contingency                         6,000              13,000              20,000              27,000
TOTALS                      $     937,500     $     1,875,000     $     2,812,500     $     3,750,000





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We currently do not have any arrangements regarding the Offering or following
this Offering for further financing and we may not be able to obtain financing
when required. Our future is dependent upon our ability to obtain further
financing, the successful development of our planned business consulting
services, a successful marketing and promotion program, and achieving a
profitable level of operations. The issuance of additional equity securities by
us could result in a significant dilution in the equity interests of our current
stockholders. Obtaining commercial loans, assuming those loans would be
available, will increase our liabilities and future cash commitments. There are
no assurances that we will be able to obtain further funds required for our
continued operations. Even if additional financing is available, it may not be
available on terms we find favorable. At this time, there are no anticipated
sources of additional funds in place. Failure to secure the needed additional
financing will have an adverse effect on our ability to remain in business.




Results of Operations

Three Months Ended March 31, 2020 and 2019





We recorded $33,038 and $39,147 for the three ending March 31, 2020 and 2019,
respectively. Future revenue generation is dependent on the successful execution
of our plan of operation and the financing described in our Form S-1, as
amended.



For the three months ended March 31, 2020 we incurred total operating expenses
and losses of $181,953, consisting entirely of general and administrative
expenses. Such general and administrative expenses were comprised of $0 of
marketing expenses, wages of $151,956, Rent of $0, travel expenses of $9,759,
professional fees of $4,750, offices supplies of $32, computer and Internet
expenses of $5,399, and other general and administrative expenses of $10,057.



By contrast, For the three months ended March 31, 2019 we incurred total
operating expenses and losses of $181,962, consisting entirely of general and
administrative expenses. Such general and administrative expenses were comprised
of $0 of marketing expenses, wages of $150,000, Rent of $309, travel expenses of
$17,387, professional fees of $500, offices supplies of $0, computer and
Internet expenses of $7,517, and other general and administrative expenses

of
$6,249.




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Liquidity and Capital Resources





At March 31, 2020, we had a cash balance of $4,806. We do not have sufficient
cash on hand to commence our 12-month plan of operation or to fund our ongoing
operational expenses. We will need to raise funds to commence our 12-month plan
of operation and fund our ongoing operational expenses. Additional funding will
likely come from equity financing from the sale of our common stock. If we are
successful in completing an equity financing, existing shareholders will
experience dilution of their interest in our Company. We do not have any
financing arranged and we cannot provide investors with any assurance that we
will be able to raise sufficient funding from the sale of our common stock to
fund our 12-month plan of operation and ongoing operational expenses. In the
absence of such financing, our business will likely fail. There are no
assurances that we will be able to achieve further sales of our common stock or
any other form of additional financing. If we are unable to achieve the
financing necessary to continue our plan of operations, then we will not be able
to continue our 12-month plan of operation and our business will fail.



Subsequent Events

None through date of this filing.

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