Mon, May 12, 1:16 PM (40 days ago)
**TANICO INC. (TANI) Q1 2025 Financial Summary** **Financial Health:** - **Cash Position:** $3,855 (down from $9,611 in Q2 2024). - **Working Capital Deficit:** $39,672. - **Total Liabilities:** $43,527 (up from $41,928 in Q2 2024). - **Stockholders' Deficit:** $39,672 (up from $32,317 in Q2 2024). **Performance Metrics:** - **Revenue:** $0 for Q1 2025 (no change from Q1 2024). - **Expenses:** $3,373 for Q1 2025 (down from $3,520 in Q1 2024). - **Net Income (Loss):** $(3,373) for Q1 2025 (improved from $(3,520) in Q1 2024). - **Cash Flow from Operations:** $(12,756) for Q1 2025 (improved from $(13,314) in Q1 2024). **Trends and Uncertainties:** - **Going Concern:** Significant doubt about the company's ability to continue as a going concern due to limited cash and revenue. - **Funding Needs:** Requires at least $25,000 for the next 12 months of operations, with no guaranteed funding sources. - **Operational Phase:** Moving towards more active development, which may change cash burn rate. **Future Operations Impact:** - **Legal and Registration Fees:** Approximately $15,500 expected over the next 12 months. - **Revenue Generation:** No significant revenue anticipated until business development is completed. - **Fundraising:** Attempting to raise funds through a public offering, but success is not guaranteed. **Ticker:** TANI **Note:** Amounts are in thousands, 000s. The company is in a startup phase with limited revenue and significant funding needs. The going concern opinion indicates substantial doubt about the company's ability to continue operations without additional capital.