Tue, May 20, 9:34 PM (54 days ago)
**Summary of Nongfu Shop Digital New Retail Co., LTD. (Nongfu Shop) Q1 2025 Financial Performance** **Company Overview:** Nongfu Shop Digital New Retail Co., LTD. (Nongfu Shop), formerly Yong Bai Chao New Retail Corporation, is a Nevada-incorporated company with minimal liabilities and no substantial business operations. The company is focused on acquiring a new, profitable operating business with strong growth potential. **Financial Health and Performance:** * **Revenue:** Nongfu Shop generated no revenue for the three months ended March 31, 2025, consistent with the previous year. * **Operating Expenses:** Operating expenses decreased by 41.3% to $10,466 (000s) in Q1 2025, compared to $17,833 (000s) in Q1 2024. The decrease was primarily due to reductions in audit, accounting, and legal fees. * **Net Loss:** The net loss for Q1 2025 was $10,466 (000s), an improvement from the $17,833 (000s) net loss in Q1 2024. * **Cash Flow:** Nongfu Shop had no cash on hand as of March 31, 2025, and a working capital deficit of $156,919 (000s). Net cash flow used in operating activities was $0 for the quarter. * **Liabilities:** Total current liabilities were $156,919 (000s), including $139,848 (000s) owed to a related party. * **Stockholders' Deficit:** The stockholders' deficit increased to $156,919 (000s) as of March 31, 2025, from $146,453 (000s) at the end of 2024. **Trends and Uncertainties:** * Nongfu Shop is a shell company with no revenue-generating activities. The company's success depends on acquiring a new operating business and securing additional capital. * Management expects ongoing expenses to consist mainly of fees related to maintaining public company status. * There is substantial doubt about the company's ability to continue as a going concern for at least the next twelve months. **Future Operations Impact:** * Nongfu Shop's future operations will depend on its ability to acquire a new business and secure additional funding. * The company's current cash and liquidity sources are expected to support operations for at least the next 12 months. * Issuance of additional shares may result in dilution to existing shareholders. **Ticker:** N/A **Note:** Amounts are in thousands (000s).