Thu, Jan 23, 1:54 PM (25 days ago)
**Summary of Aceztech Corporation (ACZT) 10-K for FY Ended November 30, 2024** Aceztech Corporation, incorporated in Nevada, focuses on website development and maintenance services in Malaysia and Hong Kong. For FY 2024, the company generated revenue of $25,700, up from $20,000 in FY 2023. However, it incurred a net loss of $39,224, primarily due to high operating expenses of $64,924, significantly impacting its financial condition. Cash and cash equivalents stood at $10,341, with significant reliance on director loans totaling $18,164. The company faces substantial going concern risks, evidenced by an accumulated deficit of $44,744 and a working capital deficit of $11,869. Future growth hinges on securing additional funding and improving profitability. The competitive landscape is challenging, with low barriers to entry and pressure from established players. Management's assessment identified weaknesses in internal controls, necessitating improvements. Despite these challenges, Aceztech is positioned to leverage its digital service offerings but must navigate financial and operational risks effectively to sustain growth and stability.