Thu, Aug 15, 3:47 PM (30 days ago)
For the quarter ending June 30, 2024, DH Enchantment, Inc. reported no revenue, a significant decline from $583 in the same period last year. The company incurred a net loss of $41,139, up from $24,102, primarily due to increased operating expenses, which rose to $38,431 from $20,984. Current assets decreased from $3,814 to $3,569, while current liabilities increased from $989,778 to $1,021,532, reflecting a growing working capital deficit of $1,017,963. Cash flow from operations was negative at $22,103, improved from $45,932 in the previous year, with financing activities providing $12,302. The company continues to face liquidity challenges and relies on shareholder support for funding. Additionally, the holding company structure poses risks regarding cash transfers from its Hong Kong subsidiary, HSY, which may impact future operations and financial stability. The overall financial health indicates significant uncertainties, necessitating further capital to sustain operations.