10-Q - MARKY CORP. (0001973047) (Filer)

Thu, May 30, 6:17 PM (379 days ago)

Marky Corp. reported a net loss of $30,727 for Q1 2024, a significant increase from the $4,764 loss in Q1 2023. Revenues dropped to $200 from $400 year-over-year. Operating expenses rose sharply to $30,927 from $5,164, driven by higher professional fees and depreciation. Cash and cash equivalents decreased to $1,877 from $23,630 at the beginning of the quarter. The company issued 89,667 shares of common stock, raising $2,690, and received $1,349 in related-party loans. Current liabilities increased to $136,414 from $112,102, primarily due to accounts payable. The company faces substantial doubt about its ability to continue as a going concern due to limited working capital and ongoing losses. Management is seeking additional investment capital to fund operations. The launch of a new mobile application "Marky News" is anticipated to provide new revenue streams.