Revenue: No revenue reported for QQ2 2024. The quarter shows cost of revenue of $36,809 and a negative gross profit of $-36,809, indicating that expenses exceeded any topline activity.
Gross Profit: -$36,809; Gross Margin: not applicable (revenue is null).
Operating Expenses: $526,635 (GA&A) with total operating expenses of $526,635 and cost of services/other operating expenses contributing to a total cost and expenses of $563,444.
EBITDA: -$521,443, reflecting ongoing pre-operating losses in the development-stage business model.
Operating Income: -$563,440, a proxy for the company’s inability to scale revenue against fixed and development costs.
Net Income / EPS: -$565,033 and EPS of -$0.0013 for QQ2 2024.
Cash Flow (was cash burn from operations): Operating cash flow of -$557,287; Free cash flow of -$670,060; Capital expenditures of -$112,773; Net cash provided by financing activities $678,650; Net change in cash $8,590; Cash end of period $77,459.
Balance Sheet Highlights: Total assets $1,413,109; cash and cash equivalents $77,459; total current assets $82,644; property/plant/equipment net $1,092,717; intangible assets $77,273; total non-current assets $1,330,465; total liabilities $2,310,227; total stockholders’ equity $-897,118 (negative). Short-term debt $895,102; long-term debt $685,033; total debt $1,525,084; net debt $1,447,625.
Key liquidity and solvency ratios: current ratio 0.0509; quick ratio 0.0540; cash ratio 0.0477; ROA -0.40%; ROE 0.63%; debt to assets 1.079; debt to equity -1.700; price-to-earnings and price-to-book metrics are not meaningful due to negative equity and lack of earnings, with P/E around -193.03 and P/B around -486.30.