Wed, May 15, 3:15 PM (72 days ago)
Vestiage, Inc. filed its Form 10-Q for the quarter ending March 31, 2024. The company reported no revenue for the period, consistent with the prior year. Operating expenses decreased significantly to $6,546 from $33,718 in Q1 2023, leading to a reduced net loss of $6,546 compared to $33,718 in the previous year. The balance sheet shows a working capital deficit of $64,241, with no cash on hand and total liabilities of $64,241. The company continues to rely on advances from related parties to fund operations, with $56,992 due as of March 31, 2024. The company’s financial health remains precarious, with substantial doubt about its ability to continue as a going concern. The disposal of its subsidiary, Fun Fitness Corporation, resulted in a minor gain of $7,748. The company has no off-balance sheet arrangements and continues to face significant internal control weaknesses, particularly in the segregation of duties.