Thu, Jun 20, 11:15 AM (79 days ago)
Go Go Buyers, Inc. reported its financial results for the quarter ended March 31, 2024. The company experienced a net loss of $14,509, an increase from the $5,991 loss in the same period in 2023. Revenues rose to $2,952 from $1,480 in Q1 2023. Operating expenses surged to $17,461, driven by higher amortization and general administrative expenses. Cash flow from operating activities was negative at $47,613, with a significant reduction in cash to $600 from $9,900 at the end of 2023. The company’s liabilities slightly decreased to $94,041, while stockholders’ equity moved to a deficit of $4,322. The company remains a going concern, relying on additional investment capital. Future uncertainties include the impact of COVID-19 and the need for continued investment.