NOTE 2 - MANAGEMENT’S PLAN
Although the Company has experienced net losses after
taxes in the years ended December 31, 2024 and 2023 of $594 and $740, respectively, management believes it has the ability to continue
as a going concern and meet its financial obligation as they become due in 2025 and beyond. The factors impacting this view include, but
are not limited to, the following:
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Cash flow forecast showing
sufficient cash and working capital 52 weeks from March 31, 2025; |
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The expected reductions in continuing legal fees in 2025 given the Company has collectible judgments which the Receiver is pursuing; |
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An expectation that the notes
receivable from related parties will be remunerated in cash and or stock and that stock will provide capital market access; |
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Expected progress in sales, newer agreements that will begin fulfillment, and certain larger clients who increased sales in 2024 and are expected to continue growth trends in media activity for 2025; |
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$1,323 in new account revenue in 2024 with the expectation of additional new revenue in 2025; |
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The Company has additional availability to use its factoring line to extend borrowing of up to 93% of unfactored invoices which, as of March 27, 2025, was $1,707; |
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The business can adapt by trimming personnel and software to have costs more aligned to revenues if need be. |
As a result of the foregoing,
the Company believes that it has sufficient cash to meet its financial obligations for the next 12 months and beyond as they become due.
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