Mon, May 12, 8:53 PM (42 days ago)
### Summary of Zentrum Holdings, Inc. (ZENT) 2024 Annual Report **Company Overview:** Zentrum Holdings, Inc. (ZENT), formerly OFF Line International, Inc., is a Delaware corporation focused on telecommunication services and products. The company operates through its wholly-owned subsidiary, OFF Line Japan Co., Ltd., based in Tokyo, Japan. ZENT was incorporated on November 22, 2019, and changed its name to Zentrum Holdings, Inc. on June 16, 2021. **Financial Performance:** - **Revenue:** $196,000 in 2024, up from $0 in 2023. - **Net Income:** Net loss of $205,786,000 in 2024, compared to $254,745,000 in 2023. - **Operating Expenses:** $144,414,000 in 2024, down from $203,648,000 in 2023. - **Earnings per Share:** Basic and diluted net loss per common stock was $(0.01) for both years. - **Cash Flow:** Negative cash flow from operations was $138,432,000 in 2024, improving from $207,702,000 in 2023. Financing activities provided $135,977,000 in 2024, down from $209,031,000 in 2023. **Strategic Overview:** ZENT focuses on developing and marketing telecommunication products and services, including the AirTalk social networking service, AI camera service, beacon devices, and drone management systems. The company aims to monetize its mobile applications through in-app advertisements and expand its market reach. **Future Outlook:** ZENT faces significant financial challenges, including recurring net losses and negative cash flows. The company plans to seek further funding and explore strategic alliances or acquisitions to sustain operations. Management is also working on improving internal controls and governance structures. **Risk Factors:** - **Financial Condition:** ZENT has a working deficit and relies on related-party funding, which raises concerns about its ability to continue as a going concern. - **Market Position:** The company has not yet established a strong market presence and faces competition in the telecommunication sector. - **Operational Risks:** ZENT's operations are heavily dependent on its sole officer and director, Koichi Ishizuka, which may limit its ability to scale and innovate. **Market Position Changes:** ZENT is not listed on any recognized exchange and has 20,000,000 shares of common stock issued and outstanding as of May 12, 2025. The company has not paid any dividends and has no restrictions on paying dividends in the future. **Governance and Management:** ZENT's board of directors is comprised solely of Koichi Ishizuka, who serves as the Chief Executive Officer, Chief Financial Officer, President, Director, Secretary, and Treasurer. The company has not adopted a formal code of ethics or established an audit committee, citing resource constraints and the early stage of its development. **Conclusion:** ZENT is a start-up stage company with significant financial and operational challenges. The company's future success will depend on its ability to secure additional funding, improve its market position, and strengthen its governance and internal controls. Investors should carefully consider these risks and the company's strategic plans before making investment decisions.