Domisphere ApS

The company's main activities are to develop, promote and sell environmental friendly air purification technologies.

Development in activities and financesThe loss of the year amounts DKK (3,403)k. The total assets are DKK 34,679k and the equity is DKK 22,034k.

Completed development projects and acquired patents totals DKK 27.479 k. The assets are measured at ​cost after depreciation and amortiziation. Since there has been no significant income related the mentioned ​projects and patents, the measurement is subject to significant uncertainty. Management is confident ​that income and cash flow related to projects and patents will be significant and that the significant ​uncertainty primarily relates to the timing of income and cash flow. It is the opinion of Management that ​the net booked value of development projects and the related patents is not subject to impairment.

The repayment of the Company's receivables from group enterprises depends on these group enterprises’ ability to continue as going concerns. As material uncertainty is related to this fact, the valuation of the receivables from group enterprises is affected by the same uncertainty. Management expects that the receivables will be settled at the value recognised in the financial statements.

Although the outbreak of coronavirus has impacted the company’s supply-chain processes due to travel restrictions, the pandemic has conversely led to an increased interested in the company’s product from different market and client segments. The management expects that the crisis will be instrumental in generating a positive effect on the launch of the company’s new product solution towards the end of 2021.

The management is in dialogue with investors and expects injection of new capital before the end of 2021. This capital injection will ensure both the capital structure of the company and secure cash flow needs to roll out the company’s business plan.

No events other than above have occurred after the balance sheet date to this date, which would influence the evaluation of this annual report.

The Entity participates in a Danish joint taxation arrangement where Infuser Holding ApS serves as the administration company. According to the joint taxation provisions of the Danish Corporation Tax Act, the Entity is therefore liable for income taxes etc for the jointly taxed entities, and for obligations, if any, relating to the withholding of tax on interest, royalties and dividend for the jointly taxed entities. The jointly taxed entities' total known net liability under the joint taxation arrangement is disclosed in the administration company's financial statements.