Mon, Apr 14, 10:56 AM (34 days ago)
**Stark Focus Group Inc. (SFGI) - Financial Summary** **Company Overview:** Stark Focus Group Inc. (SFGI), incorporated in Nevada, focuses on the drone/Unmanned Aerial Vehicles (UAV) market under the brand RevoluDrones. The company has a history of divesting its former subsidiary, Common Design Limited, and has not generated revenue since its inception. **Financial Performance (in thousands):** - **Revenue:** $0 for 2024 and 2023. - **Net Income:** Loss of $47,225 in 2024, compared to a loss of $32,060 in 2023. - **Operating Expenses:** $43,158 in 2024, up from $30,500 in 2023, primarily consisting of legal, accounting, consulting, and other professional service fees. - **Earnings Per Share (EPS):** $(0.00) for both 2024 and 2023. **Financial Condition:** - **Total Assets:** $0 as of December 31, 2024, and 2023. - **Total Liabilities:** $140,688 in 2024, up from $93,463 in 2023. - **Stockholders' Equity:** Deficit of $140,688 in 2024, compared to a deficit of $93,463 in 2023. - **Cash Flow:** Net cash used in operating activities was $40,758 in 2024, compared to $30,533 in 2023. Net cash provided by financing activities was $40,758 in 2024, consisting solely of convertible notes. **Market Position and Outlook:** - **Market Position:** SFGI's common stock is quoted on the OTC Markets (Pink), indicating it is a smaller company with limited market presence. - **Future Outlook:** The company plans to raise additional capital to cover expenses for the next 12 months, estimating $50,000 in expenses. SFGI intends to rely on equity sales and funding from directors and shareholders. - **Risk Factors:** SFGI faces substantial doubt about its ability to continue as a going concern due to limited operations and cumulative net losses. The company's future depends on securing additional investment capital. **Strategic Overview:** - **Business Strategy:** SFGI aims to enter the drone/UAV market with its RevoluDrones brand. The company has purchased patent licenses to support this venture but has not yet generated revenue. - **Capital Raising:** SFGI has issued convertible notes to raise funds, with significant interest expenses recorded. The company plans to continue raising capital through equity sales and debt financing. **Conclusion:** Stark Focus Group Inc. is in a precarious financial position, with no revenue and increasing operating losses. The company's future hinges on its ability to secure additional funding and successfully enter the drone/UAV market. Investors should be aware of the significant risks associated with SFGI's current financial condition and market position.