Tue, Apr 15, 9:16 PM (11 days ago)
### Financial Performance - **Revenue**: The company reported zero revenue for the fiscal years ending December 31, 2024, and 2023. This is due to the company halting its real estate purchases in response to forecasted interest rate hikes from the Federal Reserve. - **Net Income**: The company reported a net loss of $22,456 for the fiscal year ending December 31, 2024, compared to a net loss of $40,593 for the fiscal year ending December 31, 2023. - **Operating Expenses**: Operating expenses were $22,456 and $40,593 for the fiscal years ending December 31, 2024, and 2023, respectively. These expenses include costs related to corporate governance, business licenses, computer-related expenses, office supplies, accounting and audit, OTC market fees, and SEC reporting expenses. ### Strategic Overview - **Business Model**: The company operates and manages a portfolio of real estate and financial services assets to empower black persons in the United States. The company aims to create and empower local black businesses in urban America and create real estate properties and businesses in opportunity zones and other distressed neighborhoods. - **FINTEC Operations**: The company plans to become a financial technology company (FINTEC) with a one-to-four branch federally licensed bank in each jurisdiction, a machine learning (ML) and artificial intelligence (AI) enabled loan and insurance underwriting platform, blockchain-based transaction processing and payment systems, a cryptocurrency transaction processing platform, and an emerging cryptocurrency opportunities portfolio. - **Real Estate Division**: The company invests in opportunity zones, affordable housing, and specialized real estate properties. The company halted its real estate purchases in January 2022 due to forecasted interest rate hikes from the Federal Reserve. ### Future Outlook - **Fundraising**: The company is currently fundraising to enable its FINTEC business model. The company plans to acquire a one-to-four branch federally licensed bank, a ML and AI-enabled lending platform, and a blockchain-based payment and financial transactions processing platform. - **Growth Strategy**: The company's growth strategy includes identifying, acquiring, and integrating one-to-four branch banks, ML and AI-powered lending platforms, and blockchain-based payment and financial transactions processing platforms. The company also plans to evaluate and consider investments into potentially viable cryptocurrency opportunities. ### Risk Factors - **Market Risks**: The company faces risks related to the digital currency industry, including regulatory uncertainty, price volatility, and the potential for fraud and cybersecurity breaches. - **Operational Risks**: The company faces risks related to its operations, including the ability to integrate acquired businesses, manage growth, and comply with regulations. - **Financial Risks**: The company faces risks related to its financial condition, including the ability to raise additional capital, manage liquidity, and achieve profitability. ### Financial Condition - **Liquidity**: As of December 31, 2024, the company had $4,232 in cash on hand, compared to $516 as of December 31, 2023. The company believes its capital resources will provide sufficient liquidity to meet its strategic objectives and maintain current operations. - **Capital Resources**: The company has limited operating expenses and is not dependent on the completion of one or more financing or equity raises to fund its continuing operations. The company has not conducted any financing or equity raises to fund its continuing operations during the twelve months ended December 31, 2024. ### Market Position Changes - **Stock Performance**: The company's common stock is quoted on the OTC Pink Market under the symbol "GMPW." The company plans to apply for listing on the NASDAQ Capital Market after the closing of the offering of its Class B common stock. - **Shareholder Equity**: As of December 31, 2024, the company had 43,792,804 shares of common stock outstanding, with 21,972,788 unrestricted and free-trading shares and 21,820,016 restricted shares.