Tue, Jun 18, 6:56 PM (81 days ago)
WB Burgers Asia, Inc. reported financial results for Q3 ending April 30, 2024. Key highlights include a significant decrease in cash balance to $14,419 from $161,213 as of July 31, 2023. Revenues for the quarter were $177,905, up from $168,090 in the same period last year, but the company incurred a gross loss of $212,670 due to high costs of revenue ($390,575). Total operating expenses decreased to $89,929 from $185,004, resulting in a net loss of $131,439, an improvement from $310,002 last year. The company's financial condition raises substantial doubt about its ability to continue as a going concern, with total liabilities increasing to $713,831 from $413,056. The company plans to fund operations through related party contributions and potential stock sales.