10-K/A - reAlpha Tech Corp. (0001859199) (Filer)

Tue, May 13, 9:26 PM (67 days ago)

**Summary of reAlpha Tech Corp. (AIRE) 10-K/A Amendment** **Financial Performance:** - **Revenue:** $948,420 for the year ended December 31, 2024. - **Net Income:** Significant net loss of $26,022,349 for the same period. - **Operating Expenses:** Total operating expenses were $7,548,950. - **Earnings per Share:** Basic and diluted loss per share was $0.58. **Strategic Overview:** - **Business Model:** Transitioned from an asset-heavy operational model to a technology-driven, integrated services company. - **AI Focus:** Utilizes AI for real estate acquisition, homebuying platform, and integrated services. - **Acquisitions:** Key acquisitions include Naamche, AiChat, Be My Neighbor, and Hyperfast. **Future Outlook:** - **Growth Initiatives:** Focus on AI technology and integrated real estate services to drive revenue. - **Funding:** Plans to continue raising capital through debt and equity financings. - **Market Position:** Expanding market presence and diversifying revenue streams. **Risk Factors:** - **Operational Challenges:** Recurring losses and negative cash flows raise substantial doubt about the ability to continue as a going concern. - **Market Conditions:** Volatility in capital markets and potential recession may affect funding abilities. - **Legal Matters:** Pending litigation and regulatory considerations. **Financial Condition:** - **Cash Position:** $3.1 million in cash as of December 31, 2024. - **Liabilities:** Significant liabilities include short-term loans and notes payable. - **Equity:** Negative stockholders' equity of $38,260,913. **Market Position Changes:** - **Stock Performance:** Trading at $1.17 per share as of March 28, 2024. - **Warrants:** GEM Warrants and Follow-On Warrants with adjusted exercise prices. **Amendment Details:** - **Related Party Transactions:** Corrected financial statements to reflect invoice financing arrangements with Sea Easy Capital Pte. Ltd. - **Impact:** No change to total assets, liabilities, or stockholders' equity, but reclassified loans from unrelated to related parties. - **Certifications:** Included updated certifications from Principal Executive Officer and Principal Financial Officer. **Note:** Amounts are in thousands, 000s.