Wed, May 15, 9:04 PM (205 days ago)
Starguide Group, Inc. reported a net loss of $202,345 for the fiscal year ended January 31, 2024, a significant increase from the previous year's net loss of $44,555. The company generated its first revenue of $4,370, with a gross profit of $3,831, but faced higher operating expenses of $112,821 and other expenses of $93,355, including impairment losses on software and goodwill. The working capital deficit increased to $252,420, primarily due to higher convertible notes and related party dues. Cash flows from operating activities were negative at $65,726, with no investing activities and $60,161 provided by financing activities. The company plans to continue funding operations through securities issuance and debt instruments. The financial statements raise substantial doubt about the company's ability to continue as a going concern.