Mon, Mar 3, 7:56 PM (55 days ago)
Invech Holdings, Inc. (OTC: IVHI) reported no revenue for the fiscal years ending December 31, 2024, and 2023, with net losses of $60,475 and $64,641, respectively. Operating expenses decreased from $64,641 in 2023 to $60,475 in 2024, primarily due to lower administrative costs. The company had a working capital deficit of $8,574 as of December 31, 2024, a notable improvement from $23,641 in 2023. The total liabilities decreased to $9,834 from $40,475, largely due to the repayment of related party loans. The firm transitioned to a public company compliance consulting model in 2023, focusing on regulatory services for microcap firms. Strategic risks include reliance on a single officer, Rhonda Keaveney, and potential challenges in raising capital. The company has not established significant market presence and faces competition from more established entities. As of December 31, 2024, IVHI had total assets of $1,260, down from $7,000 in 2023, and an accumulated deficit of $307,065. The company must navigate regulatory compliance and funding challenges to sustain operations as a going concern.