Tue, Sep 3, 11:56 AM (133 days ago)
Avant Technologies, Inc. reported a net loss of $528,843 for Q1 2025, compared to a loss of $411,522 in Q1 2024, reflecting increased operating expenses of $517,294 driven primarily by consulting and administrative costs. Revenue remained zero, highlighting ongoing challenges in generating income. As of June 30, 2024, total assets were $244,894, with liabilities significantly higher at $2,329,553, leading to a stockholders' deficit of $2,084,659. Cash flow from operations showed a slight outflow of $12,702, while financing activities generated $12,865. The company’s future operations face substantial uncertainty, with an emphasis on the need for additional capital to support growth and operations, as highlighted by concerns about its ability to continue as a going concern. The management plans to raise funds through equity financing, but risks include potential dilution for existing shareholders and the dependency on market conditions. Overall, the financial health remains precarious, with significant reliance on external financing and uncertain revenue generation capabilities.