Tue, Dec 3, 4:18 PM (45 days ago)
For the quarter ending October 31, 2024, Naploy Corp. (Ticker: N/A) reported revenues of $581, a notable increase from $0 in the same period last year, signaling the commencement of service sales. However, the company incurred a net loss of $10,061 compared to a loss of $3,033 in Q4 2023, largely due to increased professional fees totaling $8,365. Current assets decreased to $27,728 from $32,345, while total assets fell to $61,103. Current liabilities rose to $61,578, leading to a stockholders' deficit of $475. Cash flows used in operations were $(5,992), with financing activities generating $1,375. The company’s ability to continue as a going concern is in question, with substantial doubt regarding its operational viability without additional capital. Management plans to raise funds through private or public offerings to support operations and growth. Future strategies include expanding service offerings and entering new markets in Africa, despite facing a competitive landscape in health apps. The financial outlook remains uncertain, hinging on successful fundraising and operational execution.