First America Resources Corporation (FSTJ) reported a Q4 2024 period with no disclosed revenue and a deteriorating profitability profile. The income statement shows a gross loss of 2,807 on a cost of revenue of 2,807, followed by an operating loss of 8,299 and a net loss of 8,299. Cash flow from operations also reflects a cash burn, with net cash provided by operating activities of -8,199 and the company ending the period with 34,807 in cash. The balance sheet reveals an extreme leverage posture: total assets of 59,807 against total liabilities of 232,445, with long-term debt of 228,933 and negative shareholders’ equity of -172,638. The current ratio stands at an apparent 17.03, but this is largely a byproduct of the asset structure and potential data reporting inconsistencies rather than a true, sustainable liquidity cushion. Net debt is negative 194,126, underscoring the disparity between cash resources and indebtedness. YoY and QoQ profit metrics show material declines in gross profit (-175.2% YoY) and net income (-64.24% YoY), with EPS down roughly 66.7% YoY. The earnings transcript is not provided in the data, limiting visibility into management commentary and forward guidance. Overall, the quarter reinforces a distressed, high-risk profile with minimal near-term earnings visibility and a reliance on balance-sheet actions to address liquidity and solvency concerns.