Fri, Jun 20, 7:50 PM (24 days ago)
**LVPAI Group Limited (LVPA) Q1 2025 Financial Summary** **Financial Health:** - **Revenue:** $0 for Q1 2025 and Q1 2024. - **Net Loss:** $7,360 for Q1 2025, improved from $9,290 in Q1 2024. - **Operating Expenses:** $7,360 for Q1 2025, down from $9,290 in Q1 2024. - **Cash Flow:** Negative operating cash flow of $4,465 for Q1 2025, an improvement from $8,800 in Q1 2024. - **Liabilities:** Total liabilities increased to $145,015 in Q1 2025 from $137,655 in Q1 2024. - **Stockholders' Deficit:** Increased to $145,015 in Q1 2025 from $137,655 in Q1 2024. **Performance Metrics:** - **Gross Profit/Loss:** Negative $7,360 for Q1 2025, improved from a negative $9,290 in Q1 2024. - **Profit Margins:** Not applicable due to zero revenue. - **Earnings Changes:** Net loss per share remained at $0.00 for both periods due to zero revenue. **Trends and Uncertainties:** - **Going Concern:** Significant doubt about the company's ability to continue as a going concern due to operating losses and negative retained earnings. - **Financing:** Reliant on related party loans and private placements for working capital. - **Operational Status:** The company has been dormant since November 2011 and is exploring alternative financing sources. **Future Operations Impact:** - **Capital Raising:** The company plans to continue raising capital through stock sales and short-term loans until operations become profitable. - **Control Changes:** Recent changes in control and management may impact future strategic decisions and operations. **Management Discussion:** - **Liquidity:** The company depends on financing activities for liquidity and capital resources. - **Operating Activities:** Net cash used in operating activities improved but remains negative. - **Financing Activities:** Net cash used in financing activities was $4,465 for Q1 2025, down from $8,800 in Q1 2024. **Controls and Procedures:** - **Material Weaknesses:** Identified in internal control over financial reporting, including inadequate segregation of duties and insufficient written policies. - **No Changes:** No material changes in internal control over financial reporting during the quarter.