Mon, Nov 18, 3:20 PM (15 days ago)
Eventiko Inc. (Ticker: N/A) reported no revenue for the quarter ending October 31, 2024, maintaining a consistent trend since inception. The company incurred operating expenses of $2,900, a decrease from $4,830 in the prior year, primarily due to reduced general and administrative costs. The net loss for the quarter was $2,900, improving from a loss of $4,830 year-over-year. As of October 31, 2024, total liabilities stood at $15,594, with an accumulated deficit of $72,489, reflecting ongoing financial challenges. Cash flow from operations remained unchanged, with financing activities providing $2,900 from related party loans. The company has no cash reserves and relies on external funding for operations, highlighting liquidity concerns. Management expressed uncertainty about future revenue generation and emphasized the need for additional capital to sustain operations and growth. The financial statements raise substantial doubt about the company's ability to continue as a going concern without further investment. The ongoing COVID-19 pandemic presents additional risks, potentially impacting future operations. Overall, Eventiko Inc. remains in a precarious financial position, requiring strategic funding to navigate its operational challenges.