Wed, Jul 3, 10:06 AM (257 days ago)
Nordicus Partners Corporation, a financial consulting company, reported its annual financial performance for the fiscal year ended March 31, 2024. The company recognized its first revenue of $2,500 and incurred a net loss of $298,202, a significant improvement from the previous year's loss of $8,472,216. The decrease in net loss was primarily due to reduced non-cash expenses. Operating expenses included officer compensation of $118,477, professional fees of $137,280, and general and administrative expenses of $54,331. The company had cash of $49,933 at year-end, up from $7,149 the previous year. Nordicus acquired a 4.99% interest in Mag Mile Capital, Inc. and a 95% interest in Orocidin A/S. The company faces substantial doubt about its ability to continue as a going concern due to minimal revenue and ongoing losses.