Mon, May 19, 7:07 PM (34 days ago)
**Catalyst Crew Technologies Corp. (CCTC) Q1 2025 Financial Summary** **Company Overview:** Catalyst Crew Technologies Corp. (CCTC) is a Nevada-based company that has undergone significant changes in its business direction and management. The company has no revenue and faces substantial financial challenges. **Financial Performance (Q1 2025 vs. Q1 2024):** - **Revenue:** $0 for both periods. - **Operating Expenses:** Decreased to $15,967 from $33,054, primarily due to reduced professional fees. - **Net Loss:** Decreased to $24,455 from $42,220. - **Cash Flow from Operations:** Used $19,015 in cash, compared to $33,054 in the prior year. - **Cash Flow from Financing Activities:** Provided $19,015, compared to $33,054 in the prior year. - **Total Current Liabilities:** Increased to $598,030 from $573,575. - **Working Capital Deficit:** Increased to $598,030 from $573,575. **Financial Health and Uncertainties:** - **Going Concern:** The company faces substantial doubt about its ability to continue as a going concern due to cumulative net losses of $29,417,756 and a working capital deficit. - **Liquidity:** The company has no cash and relies on financing activities to fund operations. - **Future Operations:** The company plans to seek additional financing through private equity offerings but faces uncertainties in securing funds. **Management and Operations:** - **Management Changes:** Significant changes in leadership, including the resignation of key executives and the appointment of Waqas Nakhwa as the new CEO and CFO. - **Business Direction:** The company has shifted its focus multiple times, most recently to an unspecified new business direction under the name "Catalyst Crew Technologies Corp." **Future Outlook:** - **Financing Needs:** The company requires additional capital to fund operations and achieve profitability. - **Risk Factors:** The company faces various risks, including the ability to secure financing, operational challenges, and market uncertainties. **Conclusion:** Catalyst Crew Technologies Corp. is in a precarious financial position, with no revenue, increasing liabilities, and significant doubts about its ability to continue operations. The company's future depends on its ability to secure additional financing and successfully implement its new business strategy.