Thu, May 15, 6:58 PM (38 days ago)
**Internet Sciences Inc. (ISI) - Q1 2025 Financial Summary** **Company Overview:** Internet Sciences Inc. (ISI) is an early-stage, diversified information and communications technology company specializing in digital transformation services, including telecommunication, IoT-enabled solutions, and managed ICT services. ISI operates internationally with a focus on cutting-edge technology and innovative solutions. **Financial Performance (Q1 2025 vs. Q1 2024):** - **Revenue:** No revenue was generated in Q1 2025 or Q1 2024. - **Operating Expenses:** Increased by $2,939 to $19,441 in Q1 2025, primarily due to efforts to list on the Canadian Stock Exchange and higher professional fees. - **Net Loss:** Increased to $19,320 in Q1 2025 from $16,502 in Q1 2024, reflecting higher operating expenses. - **Cash Flow:** Positive operating cash flow of $4,182 in Q1 2025, primarily due to an increase in accounts payable and accrued liabilities. Negative investing cash flow of $31,668 due to deferred compensation. **Financial Health:** - **Cash Position:** Cash decreased to $25,058 in Q1 2025 from $52,544 in Q1 2024. - **Working Capital:** Deficit of $68,075 in Q1 2025, indicating liquidity challenges. - **Accumulated Deficit:** Increased to $1,023,312, raising concerns about the company's ability to continue as a going concern. **Future Operations and Uncertainties:** - **Revenue Generation:** ISI plans to commence commercialization of its products, including DataClenz API and IoTIMAX API, in April 2025. - **Funding:** The company relies on securing additional financing to support operations and growth. - **Market Strategy:** ISI aims to enter strategic partnerships and expand its sales channels to drive revenue growth. - **Going Concern:** Substantial doubt exists regarding ISI's ability to continue as a going concern for the next twelve months, dependent on initiating sales and obtaining additional capital. **Ticker:** ISI is not currently listed on any major exchange, but efforts are being made to list on the Canadian Stock Exchange. **Conclusion:** ISI faces significant financial challenges and uncertainties, but it has a strategic plan to commercialize its products and secure additional financing. The company's ability to execute its strategy will be crucial for its future operations and financial health.