Mon, Jun 16, 5:08 PM (27 days ago)
**PreAxia Health Care Payment Systems Inc. (PXHS) Q1 2025 Financial Summary** **Company Overview:** PreAxia Health Care Payment Systems Inc. (PXHS) is a Nevada-based company focused on developing, distributing, marketing, and selling healthcare payment processing services and products. The company operates primarily through its wholly-owned subsidiary, PreAxia Health Care Payment Ltd., based in Alberta, Canada. **Financial Performance (Q1 2025 vs. Q1 2024):** - **Revenue:** $0 for both periods. - **Operating Expenses:** $13,463 (Q1 2025) vs. $8,810 (Q1 2024), an increase of $4,653 due to higher professional fees and office administration costs. - **Net Loss:** $13,463 (Q1 2025) vs. $8,810 (Q1 2024). - **Cash Flow from Operating Activities:** $387 (Q1 2025) vs. -$17,074 (Q1 2024). - **Cash Position:** $3 (Q1 2025) vs. $14 (Q1 2024). **Financial Health and Trends:** - **Liquidity:** PXHS has a significant working capital deficit of $2,427,935 (Q1 2025) vs. $2,396,179 (Q1 2024), indicating potential liquidity issues. - **Cash Flow:** The company generated positive cash flow from operating activities in Q1 2025, primarily due to advances from related parties. - **Profit Margins:** PXHS has not generated revenue, resulting in negative profit margins. - **Earnings Changes:** The net loss increased by $4,653 in Q1 2025 compared to Q1 2024. **Future Operations and Uncertainties:** - **Capital Raising:** PXHS plans to raise additional capital to execute its business plans and meet working capital requirements. - **Market Penetration:** The company aims to penetrate the healthcare processing markets in Canada, the U.S., and globally by developing innovative products and services. - **Going Concern:** There is substantial doubt about PXHS's ability to continue as a going concern due to its working capital deficit and lack of revenue. - **Risks:** The company faces risks related to market conditions, regulatory changes, competition, and the ability to attract and retain qualified personnel. **Management's Discussion:** - PXHS is in the startup stage and does not expect cash flow from operations initially. - The company plans to raise approximately $1,000,000 over the next twelve months to pay creditors and complete its business plan. - There is no assurance that PXHS will be able to obtain the required funds for its continued operations. **Conclusion:** PXHS is in a challenging financial position, with significant liquidity issues and no revenue generation. The company's future depends on its ability to raise additional capital and successfully execute its business plans. Investors should closely monitor the company's progress and financial performance.