Wed, May 29, 7:24 PM (291 days ago)
LVPAI Group Limited reported no revenues for the quarter ended April 30, 2024, consistent with the same period in 2023. The company incurred a net loss of $9,290, a slight improvement from the $10,780 loss in the prior year. Operating expenses decreased to $9,290 from $10,780. The company has no assets, with total liabilities of $114,390, primarily due to related party loans. The stockholders' deficit increased to $114,390 from $105,100. Cash flow from operations was negative at $8,800, funded by related party loans. The company faces substantial doubt about its ability to continue as a going concern due to ongoing losses and lack of revenue. Management is exploring financing options to address liquidity needs. There were no significant changes in internal controls or legal proceedings.