Fri, Mar 28, 4:37 PM (30 days ago)
**Transuite.Org Inc. (TRSO) - Financial Summary and Strategic Overview** **Financial Performance (2024 vs. 2023):** - **Revenue:** No revenue generated in 2024 due to reorganization efforts. In 2023, revenue was $59,003. - **Net Income:** Net loss increased to $369,101 in 2024 from $14,819 in 2023 due to higher operating expenses and no revenue. - **Operating Expenses:** Increased significantly to $363,584 in 2024 from $48,045 in 2023, mainly due to legal, consulting, and server lease fees. - **Earnings Per Share (EPS):** Basic and diluted EPS were $(0.09) for 2024 and $(0.00) for 2023. - **Working Capital:** Deficit increased to $194,191 in 2024 from $172,565 in 2023 due to decreased funds held in trust and increased liabilities. **Strategic Overview:** - **Business Model:** TRSO is an online translation service provider expanding into AI-driven ecosystems, including AI translation, applications, and intelligent device management. - **Market Position:** TRSO operates in competitive markets, including online translation services and AI-driven applications. Strategic partnerships and investments aim to accelerate growth. - **Future Outlook:** TRSO plans to resume translation services as part of broader AI-driven offerings. The company aims to generate revenue once new products and services are fully launched. **Risk Factors:** - **Resource Constraints:** Limited financial and operational resources compared to larger competitors. - **Regulatory and Market Risks:** Global operations expose TRSO to regulatory complexities and geopolitical risks. - **Going Concern:** Substantial doubt about TRSO's ability to continue as a going concern due to accumulated deficit and negative cash flow. **Financial Condition:** - **Liabilities:** Total liabilities increased to $373,736 in 2024 from $357,560 in 2023. - **Stockholders' Deficit:** Increased to $302,102 in 2024 from $279,400 in 2023. - **Cash Flow:** Negative cash flow from operating activities, with financing activities providing cash inflows. **Market Position Changes:** - **Stock Trading:** TRSO's Class A common stock is traded on the OTC Markets, specifically the OTCQB tier. - **Shareholders:** As of March 26, 2025, 9,520,093 shares of common stock were issued and outstanding, held by 86 shareholders. **Amendments and Changes:** - **Fiscal Year Change:** Board approved a change in the fiscal year-end from November 30 to December 31, effective immediately. - **Accounting Firm Change:** Dismissed Mac Accounting Group & CPAs, LLP, and appointed JP Centurion & Partners PLT as the new independent registered public accounting firm. **Future Outlook:** - **Funding:** TRSO intends to finance operating costs with existing cash, loans from related parties, and potential public or private offerings. - **Growth Strategy:** Focus on AI innovation, strategic partnerships, and expanding global market penetration. **Ticker:** TRSO