Tue, May 6, 8:02 PM (12 days ago)
**Gold Rock Holdings, Inc. (GRHI) Q1 2025 Financial Summary** **Financial Health and Performance:** - **Revenue:** GRHI reported $67,500 in sales for Q1 2025, up from $0 in Q1 2024. - **Profit Margins:** Gross margin was 100% for Q1 2025, with no cost of sales reported. - **Net Loss:** Net loss decreased to $79,155 in Q1 2025 from $165,596 in Q1 2024. - **Cash Flow:** Net cash used in operations was $4,305 for Q1 2025, down from $91,621 in Q1 2024. - **Liquidity:** Cash on hand was $205,309 at the end of Q1 2025, down from $209,614 at the end of 2024. - **Accumulated Deficit:** The company's accumulated deficit increased to $1,185,886 at the end of Q1 2025. **Operational Trends and Uncertainties:** - **Revenue Streams:** GRHI is focusing on three revenue streams: direct-to-consumer, youth market, and enterprise model. - **Going Concern:** The company faces substantial doubt about its ability to continue as a going concern due to significant operating losses. - **Future Operations:** GRHI plans to grow through mergers, acquisitions, and management of technological assets, with a focus on its LOOT8 platform and K-Project division. **Key Metrics and Changes:** - **Operating Expenses:** Total operating expenses decreased to $146,655 in Q1 2025 from $165,596 in Q1 2024. - **Share Count:** As of May 5, 2025, GRHI had 238,169,969 shares of common stock outstanding. - **Related Party Transactions:** The company has several related party transactions, including compensation agreements and consulting services. **Future Outlook:** - **Capital Needs:** GRHI requires additional capital to implement its business plan and continue operations. - **Management's Plan:** The company's management believes in the viability of its strategy to generate revenues and raise additional funds, but there are no assurances. **Ticker:** GRHI