Fri, Jul 26, 3:31 PM (43 days ago)
Carriage House Event Center, Inc. reported its Q2 2024 financials, showing a continued lack of revenue and ongoing losses. The company's net loss for Q2 2024 was $3,615, slightly higher than the $3,381 loss in Q2 2023. For the first half of 2024, the net loss was $9,405 compared to $8,831 in the same period last year. The company's cash position improved to $45,601 as of June 30, 2024, up from $29,006 at the end of 2023, primarily due to a $30,000 related-party loan. Total liabilities increased to $180,800, driven by new promissory notes with related parties. The company remains a going concern, relying on related-party loans for funding and facing substantial doubt about its ability to continue without additional financing. Management plans to move forward with its event center business plan, including a potential property acquisition in Arizona.