The following management's discussion and analysis ("MD&A") should be read in conjunction with financial statements of ConneXionONE Corp. formerly Alternative Fuel Technologies, Inc. (the "Company") for the three and nine months ended September 30, 2022 and 2021, and the notes thereto.

Safe Harbor for Forward-Looking Statements

Certain statements included in this MD&A constitute forward-looking statements, including those identified by the expressions anticipate, believe, plan, estimate, expect, intend, and similar expressions to the extent they relate to ConneXionONE Corp. formerly Alternative Fuel Technologies, Inc. (the "Company") or its management. These forward-looking statements are not facts, promises, or guarantees; rather, they reflect current expectations regarding future results or events. These forward-looking statements are subject to risks and uncertainties that could cause actual results, activities, performance, or events to differ materially from current expectations. These include risks related to revenue growth, operating results, industry, products, and litigation, as well as the matters discussed in ConneXionONE Corp. formerly Alternative Fuel Technologies, Inc.'s MD&A. Readers should not place undue reliance on any such forward-looking statements. ConneXionONE Corp. formerly Alternative Fuel Technologies, Inc. disclaims any obligation to publicly update or to revise any such statements to reflect any change in the Company's expectations or in events, conditions, or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward-looking statements.





Overview

ConneXionONE Corp. formerly Alternative Fuel Technologies, Inc. is a development stage company. Our business plan includes acquisitions of operating companies. The focus of the Company's future business involves developing and operating a decentralized social media platform. Our business plan incorporates decentralized concept of social media platforms which do not have a centralized governing body and may, at some point, provide viable alternatives to established platforms like Twitter, Instagram, Facebook and TikTok.

Social media mining is the process of representing, analyzing, and extracting meaningful and directed patterns from data in social media, resulting from social interactions. It is an interdisciplinary field encompassing techniques from computer science, data mining, machine learning, social network analysis, network science, sociology, ethnography, statistics, optimization, and mathematics. Social media mining represents the virtual world of social media in a computable way, measures it, and designs models that can help us understand its interactions. In addition, social media mining provides necessary tools to mine this world for interesting patterns, analyze information diffusion, study influence and provide effective recommendations, and analyze social behavior in social media.

We feel that our business plan addresses the need for additional development in the decentralized social media industry.

Decentralized social media ("DCSM") platform is a sharing/consortium platform that will benefit Users, Content Providers, Advertisers, and Communication service providers.

DCSM Platform comprises of 3 major components, Content Aggregator, Mobile Advertising Mediation, Communication Proxy:

Content Aggregator



          ·   analyzes the contents type and formats (text/picture and video)
          ·   sorts and distributes appropriate contents to users' app based on
              user preferences
          ·   categorizes, matches, and tags contents with the
              suitable/appropriate advertisements








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Mobile Advertising Mediation



          ·   accepts mobile ads from businesses, product/service providers, ad
              agencies, etc.
          ·   categorizes, matches, and associates the received ads with the most
              relevant and appropriate contents
          ·   Distributes ads with associated contents to users' mobile app




Communication Proxy

          ·   interconnects with communication service providers, including VoIP
              service providers, Instant Messaging app service providers, Live
              Video Broadcast app service providers,
          ·   allowing interconnected service providers to make on-net
              communications with DCSM app users

The analysis will be undertaken by or under the supervision of our management. As of the date of this filing, we have not entered into definitive agreements. In our continued efforts to analyze potential business plan, we intend to consider the following factors:





          ·   Potential for growth, indicated by anticipated market expansion or
              new technology;
          ·   Competitive position as compared to other DCSM platforms of similar
              size and experience within the social media within the industry as a
              whole
          ·   Strength and diversity of management, and the accessibility of
              required management expertise, personnel, services, professional
              assistance, and other required items
          ·   Capital requirements and anticipated availability of required funds,
              to be provided by the Company or from operations, through the sale
              of additional securities or convertible debt, through joint ventures
              or similar arrangements or from other sources
          ·   The extent to which the business opportunity can be advanced in the
              marketplace; and
          ·   Other relevant factors

In applying the foregoing criteria, management will attempt to analyze all factors and circumstances and make a determination based upon reasonable investigative measures and available data. Due to our limited capital available for investigation, we may not discover or adequately evaluate adverse facts about the opportunity to be acquired. Additionally, we will be competing against other entities that may have greater financial, technical, and managerial capabilities for identifying and completing our business plan.

We are unable to predict when we will, if ever, identify and implement our business plan. We anticipate that proposed business plan would be made available to us through personal contacts of our directors, officers and principal stockholders, professional advisors, broker-dealers, venture capitalists, members of the financial community and others who may present unsolicited proposals. In certain cases, we may agree to pay a finder's fee or to otherwise compensate the persons who introduce the Company to business opportunities in which we participate.

As of this filing, we have not raised any capital and our business is under development stage, and the Company is focused on raising capital for its business plans. We have engaged developers and started the development of our first mobile app for the decentralized social media platform of the Company.

On July 29, 2022, the Company's board and shareholders have approved the following actions by amending the Company's Amended Articles of Incorporation to effect:





       1)  a corporate name changed from Alternative Fuel Technologies, Inc. to
           ConneXionONE Corp.; and
       2)  a one-for-one thousand (1:1,000) reverse stock split of the Company's
           class of common stock with all other aspects to remain unchanged

The corporate actions are pending approval from Financial Industry Regulatory Authority (FINRA).

On June 1, 2022, the Company has entered into a Software Development and Operation Service Agreement with a developer to develop and maintain its social media platform application. The Company has made a total payment of $238,000 to the developer as of September 30, 2022. The Company is a development stage company pursuing an actual business in accordance to the business plans where it has entered into development agreement with a developer and incurred material expenditures for the development of the platform.









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Results of Operations

The following discussion of our financial condition and results of operations should be read in conjunction with our financial statements and the related notes included in this report.

Three Months Ended September 30, 2022 and 2021





Revenue

For the three months ended September 30, 2022 and 2021, the Company had not generated any revenues.





Operating Expenses

Operating expenses for the three months ended September 30, 2022 were $38,655 compared to $0 for the three months ended September 30, 2021. Operating expenses increased in 2022 due to other professional fee and other general and administrative fees incurred for this period.

For the three months ended September 30, 2022, professional fees were $28,750, an increase of $28,750, as compared to $0 for the three months ended of September 30, 2021. The increase is related to accounting and audit fees, and SEC filing fees between the two periods.





Other Income and Expenses

For the three months ended September 30, 2022 and 2021, the Company did not have any other income or expenses.





Net Income (Loss)

For the three months ended September 30, 2022, the Company had a net loss of $38,655 compared to the three months ended September 30, 2021 of a net loss of $0. The net loss resulted from increase of operating expenses

Nine months Ended September 30, 2022 and 2021





Revenue

For the nine months ended September 30, 2022 and 2021, the Company had not generated any revenues.





Operating Expenses

Operating expenses for the nine months ended September 30, 2022 were $68,814 compared to $6,310 for the nine months ended September 30, 2021, an increase of $62,504 or 90.8%. Operating expenses increased in 2022 due to other professional fee and other general and administrative fees incurred for this period.

For the nine months ended September 30, 2022, professional fees were $58,750, an increase of $54,250 or 92.3%, as compared to $4,500 for the nine months ended of September 30, 2021. The increase is related to accounting and audit fees, and SEC filing fees between the two periods.









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Other Income and Expenses

For the nine months ended September 30, 2022 and 2021, the Company did not have any other income or expenses.





Net Income (Loss)

For the nine months ended September 30, 2022, the Company had a net loss of $68,814 compared to the nine months ended September 30, 2021 of a net loss of $6,310. The net loss resulted from increase of operating expenses

Liquidity and Capital Resources

As of September 30, 2022, we had cash and cash equivalence of $92,195 and a working capital deficit of $333,610.





Operating Activities

Net cash used in operating activities was $60,064 for the nine months ended September 30, 2022 as compared to $6,470 for the same period in 2021.

For nine months ended September 30, 2022 net operating loss was $68,814 as compared to $0 for the nine months ended September 30, 2021. Accounts payable and accrued expenses increased by $8,750 as compared to a decrease of $160 for the nine months ended September 30, 2021. The increase in accrued expenses is related to other professional fees incurred.





Investing Activities

Net cash used in investing activities was $238,000 for the nine months ended September 30, 2022 as compared to $0 for the same period in 2021.

The Company made payments for the development of its social media platform mobile app for the nine months ended September 30, 2022.





Financing Activities

Net cash provided by financing activities was $390,259 for the nine months ended September 30, 2022 as compared to net cash used in financing activities of $143,975 for the same period in 2021.

During the nine months ended September 30, 2022, the Company received advances of $390,259 from a related party for working capital purposes to start up its business plans.

Off-Balance Sheet Arrangements

There are no off-balance sheet arrangements with any party.









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Critical Accounting Policies

Our discussion and analysis of results of operations and financial condition are based upon our condensed consolidated financial statements, which have been prepared in accordance with accounting principles generally accepted in the United States of America. The preparation of these condensed 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. We evaluate our estimates on an ongoing basis, including those related to provisions for uncollectible accounts receivable, inventories, valuation of intangible assets and contingencies and litigation. We base our estimates 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.

The accounting policies that we follow are set forth in Note 2 to our financial statements as included in the SEC report filed. These accounting policies conform to accounting principles generally accepted in the United States and have been consistently applied in the preparation of the financial statements.

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