Thu, May 16, 9:09 PM (71 days ago)
Recruiter.com Group, Inc. filed an amended quarterly report for the period ending March 31, 2024, correcting an oversight in its initial filing. The amendments include attaching the Certification of Principal Financial Officer and a separate certification for the Chief Financial Officer. The company's financial health shows a significant decrease in revenue to $222,557 from $2,251,796 YoY, primarily due to the transition of its Recruiters on Demand business to Job Mobz. The company reported a net loss of $778,427, improved from a loss of $3,315,769 in the previous year, reflecting a strategic shift and cost reductions. Current liabilities decreased to $7,145,419 from $9,557,161, while stockholders' equity increased to $2,967,951 from $930,008. The company is undergoing a strategic transformation, including a planned spin-out of certain assets to Atlantic Energy Solutions and a focus on its licensing agreement with GoLogiq. However, substantial doubt remains about its ability to continue as a going concern due to liquidity challenges.