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Guru App Factory Corp Com (GAFC0.00%) 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 $4,500, down from $15,000 in the same quarter the previous year.
Operating expenses for the quarter were $8,056, compared to $16,815 in the previous year, with general and administrative expenses contributing to the total.
The company reported a net loss of $3,556 for the quarter, compared to a net loss of $1,815 in the previous year.
Total assets as of October 31, 2024, were $90,217, an increase from $68,190 as of July 31, 2024.
Total liabilities as of October 31, 2024, were $51,386, compared to $25,803 as of July 31, 2024.
Stockholders’ equity was $38,831 as of October 31, 2024, down from $42,387 as of July 31, 2024.
Cash provided by operating activities was $2,326 for the quarter, with no cash used in investing or financing activities.
The company identifies as a smaller reporting company and an emerging growth company, and it does not have any off-balance sheet arrangements.
The filing notes a going concern issue, with the company needing additional capital to continue operations.
Guru App Factory Corp Com focuses on mobile application development and provides consulting services in software development, data encryption, and blockchain operations.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the Guru App Factory Corp Com quarterly 10-Q report dated December 16, 2024. To report an error, please email earnings@qz.com.