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Advanced Oxygen Technologies Inc. (AOXY0.00%) has submitted its 10-Q filing for the quarterly period ended December 31, 2024.
The filing includes financial statements for the quarter, showing revenues of $13,256, up from $10,501 in the same quarter the previous year. The increase is attributed to lease revenues and currency fluctuations.
General and administrative expenses for the quarter were $1,512, slightly down from $1,666 in the previous year. Professional fees remained consistent at $4,000 for both periods.
Net income for the quarter was $5,152, compared to $3,434 in the previous year. Basic and diluted earnings per share remained at $0.00 for both periods.
Cash and cash equivalents at December 31, 2024, were $64,563, down from $94,482 at June 30, 2024. The company reported a working capital deficit of $241,357.
Net cash provided by operating activities for the six-month period was $15,369, compared to $22,177 in the previous year. The decrease was mainly due to expenses paid on behalf of a related party and taxes payable.
Net cash used in financing activities was $(45,080) for the six-month period, primarily related to borrowings and repayment of debt.
The company does not currently have any off-balance sheet arrangements.
Advanced Oxygen Technologies continues its efforts to raise capital and is actively searching for acquisition or merger opportunities to complement its operations or increase earnings potential.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the Advanced Oxygen Technologies Inc. quarterly 10-Q report dated January 17, 2025. To report an error, please email earnings@qz.com.