Thu, Mar 13, 9:17 PM (38 days ago)
Panamera Holdings Corporation (PNHC) reported a net loss of $100,015 for the three months ended January 31, 2025, compared to a net loss of $41,647 for the same period in 2024. The company generated $39,231 in revenues, all from related-party transactions, with a cost of revenues of $20,750. Operating expenses were $116,586, primarily due to professional fees and general administrative expenses. Other expenses included interest payments to related parties. The company's cash position decreased to $551 from $1,838, with a working capital deficiency of $343,826. Panamera Holdings Corporation is focused on pursuing business opportunities in environmental services, emerging technologies, and health choices, shifting from its original healthcare consulting services. The company faces uncertainties regarding its ability to continue as a going concern, relying on equity financing to fund operations. Management acknowledges material weaknesses in internal controls, including lack of segregation of duties and formal control processes for related-party transactions. The company's future operations depend on securing additional financing and developing its business plan.