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Birdie Win Corporation has submitted its 10-Q filing for the quarterly period ended October 31, 2024.
The filing includes financial statements for the quarter, showing revenue of $10,000, up from $5,000 in the same quarter the previous year. The revenue was generated from providing Personal Financial Literacy Seminars.
Operating expenses for the quarter were $10,083, compared to $16,993 in the same quarter of the previous year. The decrease in operating expenses was primarily due to a reduction in professional fees.
The company reported a net loss of $83 for the quarter, compared to a net loss of $11,993 in the previous year.
Cash provided by operating activities was $83, while there were no cash flows from investing or financing activities.
The company had total assets of $10,086 as of October 31, 2024, with a working capital deficit of $407.
Birdie Win Corporation continues to focus on providing financial literacy seminar services to individuals and families in Malaysia and Hong Kong.
The filing also highlights the company's reliance on a single customer for its revenue during the reported period.
The company identified material weaknesses in its internal controls over financial reporting, including inadequate segregation of duties and insufficient written policies and procedures.
Birdie Win Corporation acknowledges its dependence on shareholder support and potential financing to meet future obligations.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the Birdie Win Corp Com quarterly 10-Q report dated December 2, 2024. To report an error, please email earnings@qz.com.