Mon, Aug 19, 8:00 PM (148 days ago)
ZEUUS, Inc. reported a net loss of $154,054 for Q2 2024, a 22.9% decrease from $199,889 in Q2 2023. For the nine months ending June 30, 2024, the net loss increased to $605,137, compared to $543,374 in the prior year. The company did not generate any revenue in both periods. Operating expenses decreased by 34.9% to $116,361 in Q2 2024, primarily due to lower general and administrative costs. However, total liabilities rose to $2,571,721, with significant reliance on related party loans. Current assets fell sharply to $31,637 from $365,386, highlighting liquidity concerns. Cash used in operations was $372,251, a slight improvement from $419,757 year-over-year. The company’s accumulated deficit reached $2,678,726, raising substantial doubt about its ability to continue as a going concern without securing additional financing. Future operations may hinge on the success of its Wind Turbine technology and potential acquisitions in cybersecurity. Overall, ZEUUS, Inc. exhibits a challenging financial position with ongoing operational losses and reliance on external funding sources.