Mon, Jun 3, 1:30 PM (250 days ago)
Birdie Win Corporation's Form 10-Q for the quarter ended April 30, 2024, reports a net loss of $4,606 for the quarter and $16,719 for the nine months, compared to losses of $488 and $2,711 respectively, in the prior year. Revenues remained flat at $5,000 for the quarter but increased to $20,000 for the nine months, up from $15,000 in the previous year. Operating expenses rose sharply to $9,606 for the quarter and $36,719 for the nine months, driven by higher professional fees and an allowance for doubtful accounts. The company’s cash position improved slightly, with $192 in cash and cash equivalents as of April 30, 2024, due to a $5,000 share issuance. The balance sheet shows total assets of $16,347 and liabilities of $9,280, leading to stockholders' equity of $7,067. The company faces significant going concern issues due to its accumulated deficit and ongoing losses. Management plans to rely on revenue generation and shareholder support to continue operations.