Thu, Jun 13, 7:29 PM (86 days ago)
Concrete Leveling Systems, Inc. reported a net loss of $10,640 for Q2 2024, slightly higher than the $10,467 loss in Q2 2023. Revenues decreased to $175 from $320 year-over-year, primarily due to lower parts sales. For the nine months ended April 30, 2024, the company posted a net loss of $47,096 compared to $41,100 in the same period in 2023, with revenues falling to $450 from $695. Operating expenses increased to $39,600 from $33,875, driven by higher professional fees. The company continues to face significant financial challenges, with liabilities exceeding assets by $541,370. Management highlights concerns about the company's ability to continue as a going concern without additional financing or improved revenue streams. The company plans to address internal control weaknesses and is exploring opportunities in the gaming and hospitality sector to diversify its revenue base.