Wed, May 21, 10:10 AM (33 days ago)
**Summary of GIVEMEPOWER CORPORATION (GMPW) Q1 2025 Financial Performance** **Financial Health and Performance:** - **Revenue:** GMPW reported $0 in revenue for Q1 2025, consistent with Q1 2024. - **Operating Expenses:** Operating expenses decreased to $8,288 in Q1 2025 from $14,222 in Q1 2024. - **Net Loss:** The net loss for Q1 2025 was $8,288, compared to a net loss of $8,403 in Q1 2024. - **Cash Flow:** The company had $1,388 in cash and cash equivalents as of March 31, 2025, down from $4,232 at the end of 2024. - **Liabilities:** Total liabilities increased to $273,011, with $267,821 owed to related parties. - **Stockholders' Equity:** Stockholders' equity decreased to $(268,125) due to the net operating loss. **Operational Trends and Uncertainties:** - **Real Estate Operations:** GMPW halted real estate purchases in January 2022 due to anticipated interest rate hikes, impacting financial position. - **Future Operations:** The company plans to restart real estate operations with anticipated interest rate cuts in late 2024. - **Funding:** GMPW relies on cash advances from officers and directors to fund operations, indicating financial strain. - **Legal Proceedings:** The company is involved in litigation with the SEC, which could impact financial condition and operations. **Future Outlook:** - **Strategic Goals:** GMPW aims to become a financial technology company with a focus on banking, fintech, and cryptocurrency services. - **Capital Needs:** The company requires significant capital to implement its business plan and achieve strategic goals. - **Going Concern:** GMPW's ability to continue as a going concern is dependent on securing adequate funding and achieving profitability. **Ticker:** GMPW