Mon, May 19, 6:56 PM (33 days ago)
**Neuralbase AI Ltd. (NBB) Q1 2025 Financial Summary** **Financial Health and Performance:** - **Revenue:** No revenue reported for Q1 2025 and Q1 2024. - **Profit Margins:** Operating expenses decreased to $16,438 in Q1 2025 from $33,480 in Q1 2024, primarily due to reduced professional fees. - **Net Loss:** Net loss narrowed to $21,397 in Q1 2025 from $37,024 in Q1 2024. - **Cash Flow:** Operating activities used $28,155 in cash for Q1 2025, compared to $32,065 in Q1 2024. Financing activities provided $28,155 in cash for Q1 2025, similar to Q1 2024. - **Liquidity:** Total current liabilities were $684,394 as of March 31, 2025, with a working capital deficit of $684,394. **Trends and Uncertainties:** - **Going Concern:** Significant doubt about the company's ability to continue as a going concern due to cumulative net losses and dependence on external funding. - **Funding Needs:** The company plans to seek additional financing through private equity offerings to secure funding for operations. - **Operational Changes:** Recent changes in leadership and strategic shifts, including the acquisition of AI assets and the unwinding of previous agreements. **Future Operations Impact:** - **Strategic Focus:** The company aims to leverage its AI assets, particularly Multidoc AI, to generate revenue and improve financial performance. - **Risk Factors:** The company faces risks related to its ability to secure funding, develop its products, and achieve profitable operations. - **Internal Controls:** Management acknowledges material weaknesses in internal controls due to limited resources and personnel, with plans to address these issues as capital becomes available. **Conclusion:** Neuralbase AI Ltd. is in a critical phase, focusing on securing funding and leveraging its AI assets to improve financial performance. The company faces significant uncertainties but is taking steps to address its operational and financial challenges.