Tue, Jul 16, 5:49 PM (53 days ago)
Azzurro Solutions Corp. filed an amendment to its Form 10-Q for the quarter ended March 31, 2024, to correct an error indicating it was a shell company. Key financials show no revenue, with a net loss of $6,073 for Q1 2024, down from $7,942 in Q1 2023. The company’s assets fell to $1,667 from $2,499, and liabilities were reduced to $0 from $45,859 due to loan forgiveness. Cash flow from operations was negative, and financing activities provided $12,350. The company faces significant going concern risks, requiring additional capital to sustain operations. Management plans to seek further equity or debt financing but acknowledges uncertainties in securing such funds.