Thu, Jul 11, 7:17 PM (212 days ago)
Pacific Sports Exchange Inc. reported a net loss of $19,319 for the nine months ended May 31, 2024, up from a $15,120 loss in the same period in 2023. Revenue decreased significantly to $4,400 from $16,234, while cost of goods sold also dropped to $3,340 from $13,346. Operating expenses increased to $20,379 from $18,008, driven by higher general and administrative costs and professional fees. The company's cash balance declined to $1,017 from $2,151, and it had a working capital deficiency of $108,402. The company faces uncertainties about its ability to continue as a going concern, given its reliance on third-party platforms for sales and the need for additional financing.