Tue, Mar 11, 11:12 AM (47 days ago)
Vanguard Green Investment Limited (VGES) reported no revenue for the three and six months ended January 31, 2025, and January 31, 2024. The company incurred a net loss of $29,105 and $20,772 for the six months ended January 31, 2025, and 2024, respectively. The primary driver of these losses was general and administrative expenses, which totaled $29,148 and $23,785 for the respective periods. The company's cash and cash equivalents decreased to $200 as of January 31, 2025, from $556 as of January 31, 2024, primarily due to operating expenses. The company's cash flow from operating activities was negative, with $35,774 used in operations for the six months ended January 31, 2025, compared to $33,421 for the same period in 2024. Financing activities provided $23,922 in cash for the six months ended January 31, 2025, primarily from loans from directors. The company has no credit facilities or significant off-balance sheet arrangements. VGES faces uncertainties, including the need for additional financing, the effectiveness of its business model, and the impact of regulatory changes. The company's ability to continue as a going concern is dependent on improving profitability and securing further financial support. Management acknowledges material weaknesses in internal controls over financial reporting, including inadequate segregation of duties and insufficient written policies.