Thu, May 1, 2:22 PM (14 days ago)
**Conectisys Corporation (Ticker: N/A) Q1 2025 Financial Summary** **Financial Health:** - **Cash Position:** $8,819,000 in cash and cash equivalents as of March 31, 2025. - **Liabilities:** $5,000,000 in accounts payable. - **Equity:** $3,819,000 in stockholders' equity post-quasi-reorganization. **Performance Metrics:** - **Revenue:** $0 for Q1 2025, consistent with Q1 2024. - **Net Loss:** $1,090,000 for Q1 2025, compared to $917,000 in Q1 2024. - **Gross Profit/Loss:** $0 for Q1 2025 and Q1 2024. - **General and Administrative Expenses:** $1,090,000 for Q1 2025, up from $917,000 in Q1 2024. **Cash Flow:** - **Operating Activities:** Net cash used in operating activities was $0 for Q1 2025. - **Financing Activities:** Net cash provided by financing activities was $8,819,000 due to the issuance of 100,000 common shares. **Earnings Changes:** - **EPS:** $(0.00) for Q1 2025, unchanged from Q1 2024. **Quarterly Performance Discussion:** - **Quasi-Reorganization:** Implemented on March 31, 2025, to eliminate accumulated deficits and reflect fresh-start accounting. - **Share Issuance:** 100,000 common shares issued to the sole officer for $8,819,000. **Trends and Uncertainties:** - **Business Plan:** Seeking a merger with another entity to create shareholder value. - **Financial Resources:** Lack of financial resources and employees poses risks. - **Going Concern:** Substantial doubt about the ability to continue as a going concern without additional capital infusion. **Future Operations Impact:** - **Mergers and Acquisitions:** Potential mergers or acquisitions could dilute existing shareholders. - **Financing:** May seek additional funds through equity or debt financing, which could dilute existing shareholders. **Conclusion:** Conectisys Corporation is a shell company focusing on mergers to create shareholder value. The company has no revenue, minimal liabilities, and is operating with substantial uncertainties regarding its future operations and financial health. The quasi-reorganization in Q1 2025 aimed to reset the company's financial position, but significant challenges remain.