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Eventiko Inc (EVTK-41.16%). has submitted its 10-Q filing for the quarterly period ended October 31, 2024.
The filing includes financial statements for the quarter, showing no revenue generated during the period. Operating expenses were reported at $2,900, resulting in a net loss of the same amount.
The company's balance sheet indicates total assets and liabilities of $0 and $15,594, respectively, with a stockholders' equity of negative $15,594.
Eventiko has reported a working capital deficit of $15,594 as of October 31, 2024, compared to a deficit of $14,260 as of April 30, 2024.
Cash flow from operating activities remained at $0 for the quarter, while financing activities provided $2,900, attributed to a director loan.
The company has not generated any revenue since inception and continues to rely on related party loans and equity financing to fund operations.
Eventiko's management has expressed substantial doubt regarding the company's ability to continue as a going concern due to ongoing losses and lack of revenue.
The company plans to raise additional funds through capital markets to support its operations and potential expansion.
Eventiko has no employees other than its officer and director and does not currently offer any employee benefits.
The filing also outlines the company's intention to expand its event organization services initially in Thailand, with plans to extend to other Asian countries.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the Eventiko quarterly 10-Q report dated November 18, 2024. To report an error, please email earnings@qz.com.