Tue, Apr 15, 1:44 PM (30 days ago)
**Vanjia Corporation (VNJA) Annual Report Summary** **Financial Performance (in thousands):** - **Revenue:** $0 in 2024, $82.72 in 2023. - **Net Income:** -$13.943 in 2024, $73.419 in 2023. - **Operating Expenses:** $13.943 in 2024, $9.301 in 2023. - **Earnings Per Share:** -$0.00 in 2024 and 2023. **Strategic Overview:** - Focus on building affordable housing in Houston's designated HOPE and Workforce neighborhoods. - Utilize government down payment assistance programs to attract potential homebuyers. - Implement grassroots marketing strategies and leverage community leaders for promotion. **Future Outlook:** - Plan to build 2-3 homes in the first year, 3-5 homes in the second year, and 5-8 homes in the third year. - Aim to generate revenue from home sales, leasing activities, and additional equity or debt offerings. - Expect to cover operational expenses with a $5,000,000 line-of-credit from the officer and director. **Risk Factors:** - As a smaller reporting company, Vanjia Corporation faces risks common to start-up companies, including capitalization, funding sources, high initial expenditures, and uncertain revenue streams. - The company's financial statements do not reflect any adjustments that might result from the outcome of this uncertainty. **Financial Condition:** - Total assets: $77.609 in 2024, $833.553 in 2023. - Total liabilities: $0 in 2024 and 2023. - Working capital: $77.609 in 2024, $833.553 in 2023. - Accumulated deficit: -$119.790 in 2024, -$105.847 in 2023. **Market Position Changes:** - Quoted on OTCMarkets.com under the ticker symbol VNJA. - Share price ranged from $3.00 to $6.50 in 2024. - 30,000,000 shares of common stock issued and outstanding as of December 31, 2024. **Corporate Governance:** - The company does not have an audit committee or an audit committee financial expert on its Board of Directors. - The CEO and CFO have evaluated the effectiveness of the company's internal control over financial reporting as of December 31, 2023.