Mon, Jun 16, 4:16 PM (33 days ago)
**Eco Science Solutions, Inc. (ESSI) Q1 2025 Financial Summary** **Financial Health:** - **Cash Position:** Decreased from $2,817,000 to $1,699,000. - **Total Assets:** Slightly decreased from $107,272,000 to $104,669,000. - **Total Liabilities:** Increased from $16,669,544,000 to $16,940,362,000. - **Stockholders' Deficit:** Increased from $16,562,272,000 to $16,835,693,000. - **Working Capital Deficit:** $16,940,362,000. - **Accumulated Deficit:** $78,999,693,000. **Performance Metrics:** - **Revenue:** $0 for both Q1 2025 and Q1 2024. - **Net Loss:** Decreased from $294,613,000 in Q1 2024 to $273,421,000 in Q1 2025. - **Operating Expenses:** Decreased from $276,063,000 in Q1 2024 to $254,295,000 in Q1 2025. - **Interest Expenses:** Slightly decreased from $18,550,000 in Q1 2024 to $19,126,000 in Q1 2025. **Cash Flow:** - **Net Cash Used in Operations:** Decreased from $82,816,000 in Q1 2024 to $70,593,000 in Q1 2025. - **Net Cash Provided by Financing Activities:** Decreased from $82,283,000 in Q1 2024 to $69,475,000 in Q1 2025. **Trends and Uncertainties:** - **Going Concern:** Significant doubt due to working capital deficit and accumulated deficit. - **Future Operations:** Dependent on continued financial support, raising equity or debt financing, and achieving profitable operations. - **Uncertainties:** Inflation, geopolitical events (e.g., war in Ukraine), and climate change may impact operations. **Future Operations Impact:** - **Capital Needs:** Continued reliance on loans, equity sales, and convertible notes. - **Dilution Risk:** Additional share issuances may dilute existing shareholders. - **Governance Reforms:** Implementation of reforms as resources become available. **Management Discussion:** - **Focus:** Enhancing Herbo software suite and seeking users. - **Challenges:** No revenue generation, reliance on related party loans, and implementation of governance reforms. - **Strategies:** Pursuing opportunities with state legislatures and businesses for Herbo ERP and HerboPay software.