Thu, Jun 13, 12:48 PM (86 days ago)
Aixin Life International, Inc.'s Form 10-Q for the quarter ended March 31, 2024, reports a net loss of $603,600, up from $529,784 in the same period of 2023. Revenue increased by 13% to $851,559, driven by higher sales in nutritional products and pharmacies, but offset by decreased hotel revenue. Operating costs rose by 13% due to increased costs in manufacturing and sales. The company has a working capital deficit of $4,250,016. Cash used in operations was $461,451, with cash and equivalents at $305,027. The company plans to manage liquidity through cost reductions and potential equity offerings. Uncertainties include geopolitical tensions and inflation.