Thu, Jul 11, 6:23 PM (148 days ago)
M2i Global, Inc. reported a net loss of $1,374,590 for Q2 2024, significantly higher than the $539,140 loss in Q2 2023. The six-month loss ending May 31, 2024, was $2,073,690, compared to $567,131 in the same period in 2023. The company had no revenue in Q2 2024, a decrease from $3,400 in the previous year. Operating expenses rose to $1,348,812, driven by increased travel and professional fees related to strategic shifts. Cash flow from operations was negative at $783,994, while financing activities provided $808,305, mainly from the sale of common stock. Total assets stood at $127,870, with liabilities at $2,473,701, leading to a stockholders' deficit of $2,345,831. The company anticipates the need for significant capital to fund future operations.