GiveMePower Corp. (GMPW) Quarterly 10-Q Report

The report was filed on November 19, 2024

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GiveMePower Corporation has submitted its 10-Q filing for the quarterly period ended September 30, 2024.

The filing indicates that the company did not record any revenue for the three months ended September 30, 2024, consistent with the same period in the previous year.

Operating expenses for the three months ended September 30, 2024, were reported at $8,870, compared to $8,403 for the same period in 2023.

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The company recorded a net loss of $8,870 for the three months ended September 30, 2024, compared to a net loss of $8,403 for the same period in 2023.

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For the nine months ended September 30, 2024, the company reported operating expenses of $28,005 and a net loss of $28,005, compared to operating expenses of $19,506 and a net loss of $19,506 for the same period in 2023.

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GiveMePower Corporation's cash balance as of September 30, 2024, was $9,428, with a negative working capital of $6,075.

The company has a line of credit agreement with Los Angeles Community Capital, with $259,310 drawn as of September 30, 2024.

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GiveMePower Corporation's accumulated deficit as of September 30, 2024, was $6,621,005, compared to $6,593,000 as of December 31, 2023.

The filing notes that the company is focused on raising additional funds and acknowledges the potential impact of interest rate fluctuations on its operations.

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GiveMePower Corporation continues to explore opportunities in the financial technology sector, including blockchain-powered platforms and machine learning-enabled lending.

This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the GiveMePower Corp. quarterly 10-Q report dated November 19, 2024. To report an error, please email earnings@qz.com.