Fri, Jun 28, 9:19 PM (71 days ago)
FCCC, Inc. reported a net loss of $342,000 for the fiscal year ended March 31, 2024, compared to a net loss of $126,000 in the previous year, primarily due to increased operating, administrative, and legal expenses. Operating expenses totaled $438,000, with professional expenses at $81,000 and operating and administrative expenses at $357,000. The company had $24,000 in cash at year-end, down from $112,000 the previous year, reflecting reliance on related party loans. Stockholders' equity stood at a deficit of $650,000, up from $308,000. FCCC remains focused on seeking merger or acquisition opportunities, with no significant operations expected until a transaction is completed.