Tue, May 6, 8:59 PM (5 days ago)
**Hi-Great Group Holding Company (HIGR) - Financial Summary** **Financial Performance (in 000s):** - **Revenue:** $69,210 (2024) vs. $109,491 (2023) - **Net Income:** $(48,616) (2024) vs. $(121,758) (2023) - **Operating Expenses:** $83,477 (2024) vs. $170,400 (2023) - **Earnings per Share:** Not applicable due to net losses. **Strategic Overview:** - **Business Model:** Hi-Great Group focuses on internet sales of nutritional health supplements and plans to expand into CBD oils and cosmetics. - **Agritourism:** The company aims to develop a weekend gardening resort, combining agriculture with family-friendly retreats. - **Market Position:** The company is in the development stage and is not yet a significant player in the market. **Future Outlook:** - **Growth Plans:** The company plans to grow organically through internet sales and expand into new product lines. - **Market Potential:** The agritourism sector is growing, and the company aims to capitalize on this trend. - **Risk Factors:** The company faces risks related to economic conditions, regulatory changes, competition, and cybersecurity threats. **Financial Condition:** - **Liquidity:** The company has an accumulated deficit of $892,794 and relies on debt and equity financing. - **Cash Flow:** Generated $16,127 from operating activities in 2024, compared to a use of $40,435 in 2023. - **Going Concern:** The company's ability to continue as a going concern is dependent on raising additional funding. **Market Position Changes:** - **Stock Quotation:** The common stock is quoted on the OTC Pink Sheets under the symbol "HIGR." - **Shareholders:** As of December 31, 2024, there were 100,000,000 shares outstanding. **Risk Factors:** - **Operational Risks:** The company has not yet established an ongoing source of revenue sufficient to cover operating costs. - **Cybersecurity Risks:** The company relies on its cybersecurity program to manage risks from cybersecurity threats. - **Financial Risks:** The company has a net capital deficiency that raises substantial doubt about its ability to continue as a going concern. **Management and Governance:** - **Executive Team:** The company is led by Alex Jun Ho Yang (CEO) and Ho Soon Yang (CFO, Treasurer, and Secretary). - **Board Independence:** The company does not have any independent directors on its board. - **Compensation:** No compensation has been paid to officers or directors since 2019, except for 1,000,000 shares given to Madeline Choi in 2020. **Ticker:** HIGR