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AIS Holdings Group, Inc. has submitted its 10-Q filing for the quarterly period ended September 30, 2024.
The filing includes financial statements showing a net loss of $40,918 for the six months ended September 30, 2024, compared to a net income of $27,826 for the same period in 2023. The increase in net loss is attributed to a decrease in revenues.
Total operating expenses for the three months ended September 30, 2024, were $9,822, down from $11,757 in the same period the previous year. The company reported a net loss from continuing operations of $13,847 for the quarter.
Cash and cash equivalents at the end of the period were $1,002, with a working capital deficiency due to related party liabilities amounting to $141,115.
The company continues to face substantial doubt about its ability to continue as a going concern due to recurring losses and negative cash flows from operations.
AIS Holdings Group does not have any off-balance sheet arrangements that are likely to affect its financial condition or results of operations.
The company identified material weaknesses in its internal controls over financial reporting, including a lack of a functioning audit committee and inadequate segregation of duties.
AIS Holdings Group has no legal proceedings against it and has not engaged in any unregistered sales of equity securities in the past two fiscal years.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the AIS Holdings Group Inc quarterly 10-Q report dated November 19, 2024. To report an error, please email earnings@qz.com.