Thu, Jan 16, 8:38 PM (32 days ago)
**Summary of Freedom Holdings, Inc. (FHLD) 10-K for FY 2024** For the fiscal year ending September 30, 2024, Freedom Holdings, Inc. (FHLD) reported revenues of $1,272.8K, a significant increase from zero in FY 2023, following its merger with The Awareness Group LLC (TAG). Operating expenses decreased to $310.1K from $395.5K in the prior year. The net loss was $20.4K, an improvement from $399.9K in FY 2023. Total assets surged to $30.3M, up from $588 due to the TAG transaction, while liabilities rose to $7.4M from $412.5K. The merger has positioned FHLD in the alternative energy sector, led by new CEO Pablo Diaz. The company aims to enhance its market position through the TAG GRID platform, focusing on solar services and financing solutions. However, risks remain, including dependency on successful integration and the ability to secure future funding. As of September 30, 2024, the company had a working capital surplus of $3.9M but faces substantial doubt about its ability to continue as a going concern without generating positive cash flows. The auditor expressed concerns about the company's financial viability, highlighting potential challenges ahead.