Fri, Jul 12, 2:26 PM (57 days ago)
Token Communities Ltd. reported a net loss of $19,796 for Q1 2024, a slight improvement from a $27,085 loss in Q1 2023. Revenues dropped to zero from $30,592 year-over-year. Operating expenses decreased to $19,789 from $59,642, mainly due to reduced general and administrative expenses. The company had $2,095 in cash and equivalents, with a significant stockholders' deficit of $1,609,919. The company remains in a precarious financial position, raising substantial doubt about its ability to continue as a going concern. The report includes restatements due to previously incorrect foreign currency translations.