Thu, May 15, 9:14 PM (32 days ago)
**Eco Science Solutions, Inc. (ESSI)** reported no revenue for the fiscal years ending January 31, 2025, and 2024. The company incurred total operating expenses of $1,025,139 and $1,170,023, respectively. Net losses were $1,101,688 and $1,242,268, primarily due to decreased expenditures on research and development and management fees. The company used net cash in operations of $319,829 and $358,683, respectively, with no cash used for investing activities in 2025. The company received cash from financing activities of $320,540 and $460,263, respectively, from related party loans. ESSI's financial condition is precarious, with a working capital deficit of $16,662,272 and an accumulated deficit of $78,726,272 as of January 31, 2025. The company's continuation as a going concern is dependent on continued financial support from its officers, directors, and shareholders, as well as the ability to raise equity or debt financing. ESSI's strategic overview focuses on developing and operating as a technology solutions provider for complex financial accounting, inventory management, and sales tracking in regulated and non-regulated verticals. The company's future outlook is uncertain, with significant risks associated with the business of the company and the need for additional capital. The company's market position changes are not significant, as it is not yet generating revenue and is actively seeking users of its software. The company's risk factors include the need for additional capital, limited operating history, limited experience introducing new products, and the potential for product liability claims. The company's financial performance is negative, with no revenue and significant net losses. The company's earnings per share were -$0.02 for both fiscal years. The company's operating expenses are primarily from management and consultant fees. The company's strategic overview is to continue developing and operating as a technology solutions provider. The company's future outlook is uncertain, with significant risks and the need for additional capital. The company's market position changes are not significant, as it is not yet generating revenue. The company's risk factors include the need for additional capital, limited operating history, and limited experience introducing new products. The company's financial condition is precarious, with a working capital deficit and an accumulated deficit. The company's financial performance is negative, with no revenue and significant net losses. The company's earnings per share were -$0.02 for both fiscal years. The company's operating expenses are primarily from management and consultant fees. The company's strategic overview is to continue developing and operating as a technology solutions provider. The company's future outlook is uncertain, with significant risks and the need for additional capital. The company's market position changes are not significant, as it is not yet generating revenue. The company's risk factors include the need for additional capital, limited operating history, and limited experience introducing new products. The company's financial condition is precarious, with a working capital deficit and an accumulated deficit. The company's financial performance is negative, with no revenue and significant net losses. The company's earnings per share were -$0.02 for both fiscal years. The company's operating expenses are primarily from management and consultant fees. The company's strategic overview is to continue developing and operating as a technology solutions provider. The company's future outlook is uncertain, with significant risks and the need for additional capital. The company's market position changes are not significant, as it is not yet generating revenue. The company's risk factors include the need for additional capital, limited operating history, and limited experience introducing new products. The company's financial condition is precarious, with a working capital deficit and an accumulated deficit. The company's financial performance is negative, with no revenue and significant net losses. The company's earnings per share were -$0.02 for both fiscal years. The company's operating expenses are primarily from management and consultant fees. The company's strategic overview is to continue developing and operating as a technology solutions provider. The company's future outlook is uncertain, with significant risks and the need for additional capital. The company's market position changes are not significant, as it is not yet generating revenue. The company's risk factors include the need for additional capital, limited operating history, and limited experience introducing new products.