Thu, Sep 12, 8:06 PM (109 days ago)
AG Acquisition Group III, Inc. reported no revenues for the fiscal year ending June 30, 2024, and incurred a net loss of $14,459, compared to a loss of $15,450 in the previous year. The company's cash balance decreased to $1,801 from $2,260, with total liabilities remaining at $0. The company is a shell entity, primarily seeking acquisition opportunities, and has not yet identified a target. Management, comprising Howard Gostfrand and Laura Anthony, has provided capital contributions totaling $14,000 in 2024, indicating reliance on their financial support for operations. The company anticipates costs of approximately $120,000 for upcoming reporting and acquisition activities. It remains uncertain regarding future financing and has substantial doubt about its ability to continue as a going concern without additional funding. Risks include reliance on management, lack of operating history, and competition from other blank check companies. The company has not declared dividends and does not plan to do so in the foreseeable future, with a focus on capital retention for business development.