Wed, Mar 12, 4:52 PM (39 days ago)
WarpSpeed Taxi Inc. (Ticker: Not Provided) reported a net loss of $16,241 for the six months ended January 31, 2025, compared to $10,156 for the same period in 2024. The company has not generated any revenue to date, with losses attributed to general and administrative expenses. Cash flows from operating activities used $13,469, primarily due to a net loss offset by an increase in accounts payable. Investing activities used $13,500 for software development. The company's current assets decreased to $15,008, while current liabilities increased to $110,975. WarpSpeed Taxi Inc. faces going concern uncertainties, with an accumulated deficit of $632,244 as of January 31, 2025. The company plans to raise additional capital through equity or debt securities to meet long-term operating requirements. Internal control over financial reporting was deemed ineffective as of January 31, 2025.