Wed, Jul 24, 6:13 PM (45 days ago)
Zentrum Holdings, Inc. (Zentrum) reported a net loss of $46,292 for the quarter ending June 30, 2024, and a net loss of $107,382 for the six months ending June 30, 2024. The company has not generated any revenue during these periods. Operating expenses for the quarter were $31,848, down from $46,012 in the same quarter last year, while interest expenses increased to $14,444 from $12,153. Cash and cash equivalents decreased to $958 from $3,549 at the end of 2023. The company's total liabilities stood at $727,094, with a stockholder's deficit of $726,136. The financial health of Zentrum remains precarious, with significant reliance on related party loans, which totaled $720,277 as of June 30, 2024. The company’s continued operational viability is in doubt, as highlighted by its ongoing negative cash flows and lack of revenue generation.