Fri, Jul 12, 5:30 PM (57 days ago)
Azzurro Solutions Corp. reported a net loss of $6,073 for Q1 2024, an improvement from the $7,942 loss in Q1 2023. The company had no revenue for both periods. Operating expenses decreased to $4,240 from $7,942 year-over-year. Total assets fell to $1,667 from $2,499 as of September 30, 2023, with liabilities reduced to $0 from $45,859 due to loan forgiveness. Cash flow from operating activities was negative at $13,182, with financing activities contributing $12,350. The company remains a going concern, needing additional capital to sustain operations. Significant changes include new management and a majority shareholder shift.