Fri, Jul 12, 9:21 PM (57 days ago)
Anvi Global Holdings, Inc.'s Form 10-Q for the quarter ended May 31, 2024, highlights a continued lack of revenue and a net loss of $55,097, up from a $39,627 loss in the same period in 2023. Operating expenses rose slightly to $55,097 from $53,678. Cash flow from operations improved slightly with a net cash outflow of $9,856 compared to $21,254 in the prior period. Financing activities saw advances from the CEO totaling $16,500. The company’s balance sheet shows a significant stockholders' deficit of $2,015,329, with total liabilities of $2,032,407 against minimal assets of $17,078. The company remains a going concern due to its accumulated deficit and lack of revenue. Management is focused on cost control and is seeking additional financing to support operations. No significant internal control changes were implemented during the quarter.