In This Story
BROOQLY (BRQL0.00%), Inc. has submitted its 10-Q filing for the quarterly period ended September 30, 2024.
The filing includes financial statements for the quarter, showing total assets of $249,372 as of September 30, 2024, compared to $201,282 as of December 31, 2023.
Total liabilities increased to $433,217 from $278,242 over the same period, resulting in a stockholders' deficit of $183,845.
For the nine months ended September 30, 2024, BROOQLY reported a net loss of $782,294, compared to a net loss of $278,622 for the same period in 2023.
The company generated $266 in revenue for the nine months ended September 30, 2024, compared to $3 for the same period in 2023.
Operating expenses for the nine months ended September 30, 2024, were $252,210, slightly higher than the $247,030 reported for the same period in 2023.
Interest expense for the nine months ended September 30, 2024, was $154,351, primarily due to the conversion of convertible notes.
BROOQLY's cash flow from operating activities was $80,272 for the nine months ended September 30, 2024, compared to cash used in operating activities of $129,871 for the same period in 2023.
The company reported cash used in investing activities of $90,274 for the nine months ended September 30, 2024.
BROOQLY's cash provided by financing activities was $10,000 for the nine months ended September 30, 2024, from a promissory note.
The company has a working capital deficit of $403,014 as of September 30, 2024, raising substantial doubt about its ability to continue as a going concern.
BROOQLY plans to raise additional capital and expand its market presence to address its financial challenges.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the BROOQLY quarterly 10-Q report dated November 29, 2024. To report an error, please email earnings@qz.com.