Thu, May 15, 1:00 PM (37 days ago)
**Sino Green Land Corporation (SGLA) - Q1 2025 Financial Health Summary** **Financial Performance:** - **Revenue:** Q1 2025 revenue was $197,940, down 60% from $488,820 in Q1 2024. Nine-month revenue was $771,446, a 45% decrease from $1,394,346 in the same period last year. - **Profit Margins:** Gross loss widened to $384,955 in Q1 2025 from $130,409 in Q1 2024. Nine-month gross loss was $846,506, up 90% from $445,288. - **Net Loss:** Q1 2025 net loss was $485,082, a 70% increase from $285,101 in Q1 2024. Nine-month net loss was $1,177,057, up 25% from $943,686. - **Cash Flow:** Operating cash flow used was $440,402 for nine months, an improvement from $558,016 used in the same period last year. Financing activities provided $498,349, down from $1,390,861. **Financial Health:** - **Liquidity:** Total current assets were $398,925, down from $834,790. Current liabilities were $4,149,412, up from $3,514,227, resulting in a working capital deficit of $3,750,487. - **Debt:** Total liabilities were $6,171,977, up from $5,481,601. Stockholders' deficit was $1,709,414, down from $560,144. - **Going Concern:** Significant doubt about the ability to continue as a going concern due to accumulated deficit of $4,068,616 and net current liabilities of $3,750,487. **Trends and Uncertainties:** - **Revenue Decline:** Steady decline in sales of plastic recycle products. - **Cost Control:** General and administrative expenses reduced by 47% in Q1 2025. - **Funding:** Dependence on financial support from stockholders or external financing, with only verbal funding commitments obtained. - **Market Risks:** Not required to provide quantitative and qualitative disclosures about market risk as a smaller reporting company. **Future Operations Impact:** - **Cost Control:** Continued focus on cost reduction. - **Revenue Growth:** Strategy to increase sales volume. - **Funding:** Need to secure additional funds to sustain operations. **Conclusion:** SGLA faces significant financial challenges with declining revenues, widening losses, and substantial doubt about its ability to continue as a going concern. The company needs to address its funding requirements and implement its business plan to extend operations and generate sufficient revenues.