Fri, May 2, 2:59 PM (13 days ago)
**Blue Line Holdings Inc. (BLUE) Q1 2025 Financial Summary** **Financial Health:** - **Cash Position:** $8,963 (down from $17,594 in Q4 2024). - **Total Assets:** $24,463 (down slightly from $24,719 in Q4 2024). - **Total Liabilities:** $13,362 (up from $6,000 in Q4 2024). - **Stockholders' Equity:** $11,101 (down from $18,719 in Q4 2024). **Performance Metrics:** - **Revenue:** $0 (no revenue generated). - **Net Loss:** $9,902 for Q1 2025 (up from $82,718 for the nine months ended March 31, 2025). - **Operating Expenses:** $9,902 for Q1 2025 (primarily professional fees). **Cash Flow:** - **Operating Activities:** Net cash used: $83,731 (primarily for operating expenses). - **Financing Activities:** Net cash provided: $75,100 (from sales of common stock). **Earnings Changes:** - **Net Loss per Share:** $0.00 for Q1 2025 (basic and diluted). **Quarterly Performance Discussion:** - **Operational Focus:** Securing licensing agreements and acquiring assets. - **Marketing Plans:** Targeting social media, various media channels, promotions in educational institutions, and in-store promotions for CocoLove water in France. - **Distribution Plans:** Grocery stores, convenience stores, restaurants, vending machines, and local distributors. **Trends and Uncertainties:** - **Revenue Generation:** Dependent on securing and generating revenue from licensing agreements. - **Capital Requirements:** Projected needs for sales and marketing ($100,000) and obtaining new licenses ($50,000) for the next twelve months. - **Future Operations Impact:** Significant doubt about the ability to continue as a going concern due to limited financial resources and cumulative operating losses. **Future Outlook:** - **Funding:** Plans to fund future operations through sales of common stock or issuing debt securities. - **Market Risks:** Highly competitive liquid refreshment market with well-funded competitors. - **Management Changes:** Appointment of Joseph C. Henn as CEO, CFO, and Secretary on March 31, 2025. **Controls and Procedures:** - **Disclosure Controls:** Ineffective as of March 31, 2025, due to lack of segregation of duties and formal written policies. - **Internal Control Weaknesses:** Material weaknesses include lack of segregation of duties and the ability of management to override controls. **Legal and Risk Factors:** - **Legal Proceedings:** None reported. - **Risk Factors:** Not applicable for smaller reporting companies. **Equity Transactions:** - **Common Stock Issued:** 206,000 shares for $20,600 in Q1 2025. - **Use of Proceeds:** Funds raised in furtherance of the business plan. **Conclusion:** Blue Line Holdings Inc. faces significant financial challenges and operational uncertainties. The company's ability to generate revenue and secure additional financing will be crucial for its future operations and sustainability.