Mon, Mar 31, 3:11 PM (27 days ago)
**Summary of Go Go Buyers, Inc. (Ticker: Not Provided) FY 2024 Financial Performance** **Financial Performance:** - **Revenue:** $40,723 (2024) vs. $28,319 (2023) - **Net Income:** $(55,025) (2024) vs. $(1,472) (2023) - **Operating Expenses:** $95,748 (2024) vs. $29,791 (2023) - **Earnings Per Share (Basic):** $(0.01) (2024) vs. $(0.00) (2023) **Strategic Overview:** - **Business Model:** Specializes in API integration services: API Flights, API Hotels, and Flight Calculator API. - **Market Position:** Limited public market for common shares, not quoted on OTC Bulletin Board. - **Risk Factors:** Limited operating history, need for additional capital, and dependence on a single director. **Future Outlook:** - **Growth Potential:** Expansion of product offerings and increased competition may drive better offers for clients. - **Capital Needs:** Dependent on additional investment capital to fund operating expenses for the next 5 years. - **Market Risks:** Limited historical financial information and reliance on a single director for management. **Financial Condition:** - **Assets:** $56,556 (2024) vs. $113,299 (2023) - **Liabilities:** $101,394 (2024) vs. $103,112 (2023) - **Shareholders' Equity:** $(44,838) (2024) vs. $10,187 (2023) - **Cash Flow:** Negative operating cash flow, positive investing and financing cash flows. **Market Position Changes:** - **Shareholders:** 31 shareholders of record as of December 31, 2024. - **Dividends:** No cash dividends paid during the fiscal years ended December 31, 2024 and 2023. **Key Risks:** - **Going Concern:** Significant operating losses and working capital deficiency raise substantial doubt about the company's ability to continue as a going concern. - **Dependence on Director:** Single director (Arturas Saladzius) manages all operations, posing a risk of lack of oversight and segregation of duties. **Conclusion:** Go Go Buyers, Inc. faces significant financial challenges and operational risks. The company's ability to continue as a going concern is uncertain, and it relies heavily on additional investment capital. Despite these challenges, the company has growth potential through its API services and strategic expansions. Investors should carefully consider the risks and uncertainties before making investment decisions.