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Kashin Inc (KUSA). 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. The company reported a net loss of $1,433 for the three months ended October 31, 2024, compared to a net loss of $8,574 in the same quarter the previous year.
Total expenses for the quarter were $1,433, primarily consisting of office and general expenses. For the six months ended October 31, 2024, the company reported a net loss of $9,817.
The balance sheet shows total current assets of $31 and total current liabilities of $102,685 as of October 31, 2024, resulting in a working capital deficit.
The company has a total of 68,560,745 common shares issued and outstanding as of October 31, 2024.
Kashin Inc. continues to face a going concern issue, with its auditors expressing substantial doubt about the company's ability to continue operations without additional capital.
The company has not engaged in any related party transactions during the reporting period.
There have been no changes in internal control over financial reporting during the quarter that would materially affect the company's internal controls.
On December 6, 2024, a share purchase agreement resulted in a change of control and officers, with Starlife Ventures Inc. becoming the new control holder.
Caren Currier resigned from all positions on December 7, 2024, with Daniel LePointe assuming the roles of President, CEO, CFO, and Director.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the Kashin Inc quarterly 10-Q report dated December 11, 2024. To report an error, please email earnings@qz.com.