Mon, Mar 31, 9:26 PM (26 days ago)
**Asset Entities Inc. (ASST) - 2024 Annual Report Summary** **Financial Performance:** - **Revenue:** $633,489, up 128.7% from $277,038 in 2023. - **Net Loss:** $6,393,932, up 29.9% from $4,931,197 in 2023. - **Cash Balance:** $2,660,624 as of December 31, 2024. - **Accumulated Deficit:** $12,006,357 as of December 31, 2024. **Operating Expenses:** - **Total Operating Expenses:** $7,037,517, up 35.1% from $5,208,235 in 2023. - **Contract Labor:** $512,911. - **General and Administrative:** $3,021,547. - **Management Compensation:** $3,503,059. **Market Position and Strategy:** - **Services:** Discord investment education, entertainment, social media marketing, and AE.360.DDM services. - **Growth Strategies:** Expand social influencer network, leverage Discord server communities, and expand AE.360.DDM service. - **Competitive Strengths:** Superior social influencer team, first-mover advantage, best-in-class investment education, and service synergy. **Risk Factors:** - **Operational Risks:** Limited operating history, negative cash flow, need for additional capital, significant losses, and unpredictable revenue. - **Market Risks:** Dependence on social media platforms, regulation of social media services, and risks related to blockchain and cryptocurrencies. - **Technological Risks:** Rapid change, new products/services, and failure to maintain competitive advantage. - **Financial Risks:** Dependence on key employees, growth management, scaling infrastructure, and intellectual property protection. **Future Outlook:** - **Planned Operations:** Sufficient funds to carry out operations through December 31, 2025, and for at least 12 months beyond. - **Strategic Overview:** Focus on expanding services, increasing subscriber base, and leveraging technology and social media expertise. **Market Position Changes:** - **Subscriber Growth:** 1,302 paying subscribers in 2024, up from 298 in 2023. - **Server Membership:** Approximately 206,899 combined user membership as of December 31, 2024. **Financial Condition:** - **Capital Structure:** Authorized to issue two classes of common stock and any number of classes of preferred stock. - **Voting Power:** Management's concentrated voting power may limit or preclude the ability of others to influence corporate matters. **Note:** All amounts are in thousands, 000s.