Wed, May 14, 7:22 PM (38 days ago)
**Agassi Sports Entertainment Corp. (AGSE) Q1 2025 Financial Summary** **Company Overview:** Agassi Sports Entertainment Corp. (AGSE), formerly Global Acquisitions Corporation, is focused on the pickleball and padel industries. The company is a smaller reporting company and a shell company with nominal operations and assets. **Financial Performance (Q1 2025 vs. Q1 2024):** - **Revenue:** No revenue generated in either period. - **Operating Expenses:** Increased significantly to $1,665,246 in Q1 2025 from $12,911 in Q1 2024, primarily due to stock-based compensation. - **Net Loss:** Increased to $1,665,246 in Q1 2025 from $12,911 in Q1 2024. - **Cash Flow:** Net cash used in operating activities was $247,761 in Q1 2025, compared to $6,063 in Q1 2024. - **Working Capital:** Decreased by $223,974 to $2,048,391 as of March 31, 2025. **Financial Health and Uncertainties:** - **Going Concern:** Significant doubt about the company's ability to continue as a going concern due to accumulated deficit of $31,803,814 and reliance on equity raises for funding. - **Funding:** Raised $2.5 million in a private offering in November 2024 but may require additional funding in the future. - **Operational Plans:** Focused on growing pickleball and padel industries, with plans to acquire, build, and create physical facilities, leagues, and events. **Future Operations Impact:** - **Growth Strategy:** Plans to develop strategic relationships, create proprietary content, and launch charitable initiatives. - **Risks:** Dependence on equity raises, competition in the industry, and the need for additional funding to support operational plans. **Key Metrics:** - **Cash and Cash Equivalents:** Decreased to $2,071,481 as of March 31, 2025. - **Total Assets:** Decreased to $2,080,916 as of March 31, 2025. - **Total Liabilities:** Decreased to $23,240 as of March 31, 2025. - **Stockholders' Equity:** Decreased to $2,057,676 as of March 31, 2025. **Conclusion:** AGSE faces significant financial challenges and uncertainties but is pursuing a strategic plan to grow in the pickleball and padel industries. The company's ability to execute its plans and secure additional funding will be crucial for its future success.