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Vanguard Green Investment Ltd Com (VGES0.00%) has submitted its Form 10-Q filing for the quarterly period ended October 31, 2024.
The filing reports that the company did not generate any revenue for the three months ended October 31, 2024, and 2023.
General and administrative expenses for the quarter were $15,688, compared to $13,425 in the same period of the previous year. These expenses included professional fees and office expenses.
The company recorded a net loss of $15,685 for the quarter, compared to a net loss of $10,412 in the previous year. The losses were primarily due to general and administrative expenses.
As of October 31, 2024, Vanguard Green Investment Ltd Com reported cash and cash equivalents of $12,017, compared to $2,635 as of October 31, 2023.
During the quarter, the company relied on financing activities, including loans from directors and third parties, to meet its working capital requirements.
The company did not have any credit facilities or significant off-balance sheet arrangements as of October 31, 2024.
Vanguard Green Investment Ltd Com identified material weaknesses in its internal controls over financial reporting, specifically inadequate segregation of duties and insufficient written policies and procedures.
The company continues to focus on developing and providing wellness and beauty services, with plans to expand its operations in China and potentially to other regions.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the Vanguard Green Investment Ltd Com quarterly 10-Q report dated December 11, 2024. To report an error, please email earnings@qz.com.