Financial Overview:
- Net Income: $172,722, which represents a remarkable 551.09% YoY increase and 168.00% QoQ surge.
- EPS: Diluted earnings per share improved to $0.0379, up 1,352.63% YoY.
- Operating Income: Recorded at -$196,000, yet improved 40.82% YoY, highlighting reduced operational losses.
- Total Expenses: Reduced to $195,800, significantly down from previous quarters, showcasing strong cost control efforts.
Cash Flow Metrics:
- Net Cash Provided By Operating Activities: -$93,589, indicating cash flow challenges despite positive net income.
- Net Cash Used For Investing Activities: -$150,000, highlighting ongoing investment needs.
Balance Sheet Health:
- Total Assets: $28,919,261, with significant non-current assets positioning.
- Total Liabilities: $7,673,385, leading to a concerning equity position of -$7,649,427. Mistrust in debt management strategies could raise investor concerns in future quarters.