NuVim : Inc_2022 Semi-Annual MD&A

Management's Discussion and Analysis of Financial Condition and Results of Operation

First Quarter of 2022

A) Results of Operations

Results of operations for the quarter ended March 31, 2022 compared to the quarter ended March 31, 2021

Sales For the quarter ended March 31, 2022, gross sales were $250 an increase of $20, from gross sales of $230 for the three months ended March 31, 2021. This increase for the year is the result of limited funding to market the current powder mix product line. An initiative is underway through social media platforms including Instagram, Facebook, LinkedIn and Twitter. The second initiative the Company has been pursuing is a potential collaboration with another company that would improve both companies' revenue and profits. The Company will work to achieve both initiatives, but no assurance can be given that either will materialize. One key element in consummating the potential business collaboration is that the Company has been working for the past year is to keep accounts payable current and Company debt low.

Cost of Sales NuVim was required to periodically assess the value of its inventory for impairment. Over the last several years, the value of the inventory was reduced to zero. Therefore, NuVim's books reflect no cost for the inventory now being sold, The Company is in the process of selling the inventory through e-commerce with the social media initiative on the major platforms.

Gross Profit Gross profit was $250 for the quarter ended March 31, 2022, an increase of 9% or $20 from $230 for the quarter ended March 31, 2021, the same as the reduction in Net Sales. As explained above, Gross profit as a percentage of gross sales was 100% during first half of 2022, the same as in 2021

Selling, General and Administrative Expenses Selling, general and administrative expenses were $6,362 for the quarter ended March 31, 2022, up from $3,725 during the three months ended March 31, 2021. The increase of $2,637 reflects timing of certain payables.

Loss from OperationsLoss from operations was $6,112 for the quarter ended March 31, 2022 compared to $3,495 for the quarter ended March 31, 2021. The increase of the loss by $2,617 versus 2021 is the result of timing on certain payables.

Interest Expense Interest expense was $148 for the quarter ended March 31, 2022, nearly identical to the interest expense for the quarter ended March 31, 2021. This reflects the stability of the Company's debt.

Net Loss Net loss was $6,260 for the quarter ended March 31, 2022 compared to $3,646 for the quarter ended March 31, 2021. The decrease in the loss of $2,614 is primarily due to timing of certain payables

B) Liquidity and Capital Resources

Our operations to date have generated significant operating losses that have been funded through the issuance of common stock and external borrowings. We will require additional sources of outside capital to continue our operations.

We will still need to raise additional financing to pay our past due obligations, fund operating losses and to support sales and marketing programs to increase sales of our products. If we are not able to identify additional sources of financing, we may not be able to continue operations beyond December 2022.

NuVim's Shareholders' Deficit was $29,843 at March 31, 2022 as compared with $190,573 at the end of 2021, reflecting the conversion of $166,990 of debt to equity offset by the First Quarter of 2022's $6,260 of operating loss. The Working Capital at the end of March 2022 was $1,292, up from the $42,503 deficit at the end of 2021.

Net cash used in operating activities for the quarter ended March 31, 2022, was $3,681, compared to cash used in operating activities of $1,870 during the first quarter of 2021.

No funds were provided by financing activities during the first quarter of 2022; compared to $6,000 provided for the quarter ended March 31, 2021. The additional cash in 2021 was provided by borrowing from related parties.

As a result, the Cash as of March 31, 2022 was $972 as compared with $6,356 at the end of December 2021.

1. Off-BalanceSheet Arrangements.

NuVim does not have any relationships with unconsolidated entities or financial partnerships, such as entities often referred to as structured finance or special purpose entities, which would have been established for the purpose of facilitating off-balance sheet arrangements or other contractually narrow or limited purposes.