Fri, Jun 21, 8:40 PM (78 days ago)
Panamera Holdings Corporation's Form 10-Q for the quarter ended April 30, 2024, highlights significant financial and operational changes. The company reported no revenues and a substantial net loss of $7,613,732, primarily due to stock-based compensation of $7,500,000 for a new employee. Operating expenses surged to $7,616,018 from $26,195 in the prior year. The company terminated its healthcare consulting agreement, resulting in discontinued operations income of $3,924. Current assets increased significantly to $7,550,982, mainly from a $7,548,000 deposit for asset acquisition, while liabilities stood at $110,337. The company remains a going concern, relying on equity financing to fund operations. Future operations will focus on new business opportunities in environmental services, innovative technologies, and health choices.