Overview of Financial Performance

The financial report provides an overview of the company’s financial condition and performance for the three-month period ended September 30, 2024. The key highlights are:

• The company had a cash balance of $28 and total assets of $76,897 as of September 30, 2024, compared to $76,945 in cash and total assets as of June 30, 2024. The decrease in total assets was due to inventory impairment.
• Total liabilities increased from $233,614 as of June 30, 2024 to $236,744 as of September 30, 2024, primarily due to amounts owed to the company’s President and Director, as well as two loans payable to non-related parties.
• The company had a working capital deficit of $143,847 as of September 30, 2024, compared to $140,669 as of June 30, 2024.
• During the three-month period ended September 30, 2024, the company incurred $3,178 in operating expenses, compared to $11,594 in the same period the previous year.
• The company used $12,882 in cash for operating activities during the three-month period ended September 30, 2024, compared to $19,843 in the same period the previous year.
• The company received $12,834 in financing activities during the three-month period ended September 30, 2024, compared to $20,043 in the same period the previous year.

Revenue and Profit Trends

The financial report does not provide any information on the company’s revenue or profit trends, as it focuses primarily on the company’s liquidity, cash flows, and operating expenses. The report indicates that the company has not generated any revenues to date, and there is no assurance that the company will be able to generate cash flows from its operations.

Strengths and Weaknesses

The key strengths and weaknesses of the company based on the information provided in the financial report are:

Strengths:

• The company has been able to secure financing from its President and Director, as well as non-related parties, to fund its operations.

Weaknesses:

• The company has a significant working capital deficit, indicating that it may have difficulty meeting its short-term financial obligations.
• The company has not generated any revenues to date, and there is substantial doubt about its ability to continue as a going concern.
• The company has incurred significant operating expenses, which have exceeded its available cash resources.

Outlook for the Future

The financial report indicates that the company’s future outlook is uncertain, as there is no assurance that it will be able to generate cash flows from its operations. The report states that the outcome of the company’s ability to continue as a going concern “cannot be predicted with any certainty at this time and raises substantial doubt that we will be able to continue as a going concern.”

Overall, the financial report paints a picture of a company that is struggling to maintain its financial viability and faces significant challenges in the near future.