Wed, Jun 11, 12:58 PM (2 days ago)
**Zentrum Holdings, Inc. (ZENTRUM) - 2024 FY Summary** **Financial Performance:** - **Revenue:** $196K in 2024, up from $0 in 2023. - **Net Income:** Net loss of $205.8K in 2024, improved from a net loss of $254.7K in 2023. - **Operating Expenses:** $144.4K in 2024, down from $203.6K in 2023. - **Earnings per Share:** Basic and diluted net loss per common stock: ($0.01) for both 2024 and 2023. **Strategic Overview:** - **Business Focus:** Telecommunication services and products through its wholly-owned subsidiary, OFF Line Japan. - **Products:** AirTalk (SNS system), AI Camera Service, Beacon Business, Kidnapping Prevention Device (KID), Drone Management System. - **Market Position:** Limited market presence with no significant marketing efforts. **Future Outlook:** - **Growth Plans:** Plans to monetize AirTalk through in-app advertisements and expand AI Camera Service. - **Funding:** Requires further funding to implement growth plans and sustain operations. - **Risk Factors:** Dependence on a single officer and director, lack of independent directors, and inadequate internal controls. **Financial Condition:** - **Cash and Cash Equivalents:** $827 in 2024, down from $3,549 in 2023. - **Working Capital:** Deficit of $802.4K in 2024, widened from $740.1K in 2023. - **Liabilities:** Total liabilities of $805.3K in 2024, up from $743.6K in 2023. - **Going Concern:** Substantial doubt about the company's ability to continue as a going concern due to recurring net losses and negative cash flows. **Market Position Changes:** - **Shareholders:** 69 shareholders of record holding 20,000,000 shares of common stock. - **Market Listing:** Not quoted or listed on any recognized exchange. **Amendment Details (10-K/A):** - **Purpose:** To correct a clerical error in the date of the audit report. - **Impact:** No other changes were made to the original filing.