Mon, Apr 14, 6:46 PM (13 days ago)
**PureBase Corporation (PBCP) Q1 2025 Financial Summary** PureBase Corporation (PBCP) reported no revenue for Q1 2025, consistent with Q1 2024. Operating expenses decreased by $43,540 (9%) due to reduced selling, general, and administrative expenses, offset by increased wages and stock-based compensation. Interest expense rose by $5,256 due to higher borrowings. The company had a net loss of $452,688, a $38,284 improvement from Q1 2024. **Financial Health and Performance:** - **Cash Flow:** Negative cash flow from operations was $348,110, improved from $675,212 in Q1 2024. Financing activities provided $340,000, mainly from USMC advances and lines of credit. - **Liquidity:** Cash on hand was $19,990, down from $28,100 in Q4 2024. Working capital deficiency increased to $1,494,421 due to higher liabilities. - **Profit Margins:** Not applicable due to zero revenue. - **Earnings Changes:** Net loss improved by $38,284. **Trends and Uncertainties:** - **Revenue:** Seasonal agricultural sales typically begin in Q2. - **Funding:** Continued reliance on USMC for financing, with substantial doubt about long-term viability. - **Operations:** No mining operations yet, dependent on USMC for mineral resources. **Future Operations Impact:** - **Going Concern:** Significant accumulated deficit and working capital deficiency raise substantial doubt about the company's ability to continue as a going concern. - **Strategic Initiatives:** Focus on developing agricultural and construction products, with potential for high-quality SCM products in the construction sector. **Management's Discussion:** - **Outlook:** Management believes revenue from operations and additional financing will support the company for the next twelve months, but no assurances can be given. - **Risks:** Dependence on USMC, regulatory challenges, and market competition pose significant risks. **Conclusion:** PureBase Corporation faces significant financial challenges, with a heavy reliance on related-party financing and no revenue generation. The company's future depends on successful product development and securing additional funding.