GOING CONCERN |
12 Months Ended |
|---|---|
Jan. 31, 2024 | |
| GOING CONCERN | |
| GOING CONCERN | Note 2 – GOING CONCERN
The accompanying financial statements have been prepared in conformity with generally accepted accounting principles in the United States of America (“GAAP”), which contemplate continuation of the Company as a going concern. As of January 31, 2024, the Company had cash of $13, total current assets of $23,627, and total current liabilities of $3,487,531, resulting in a working capital deficit of $3,463,904. The Company incurred a net loss of $1,118,562 and negative cash flows from operating activities of $34,920 for the year ended January 31, 2024. The Company also has an accumulated deficit of $4,506,581 as of January 31, 2024.
The Company’s minimal cash balance, recurring operating losses, and significant working capital raise substantial doubt about its’ ability to continue as a going concern within one year after the financial statements are issued. The Company has historically financed its operations through advances from related parties and equity issuances. Management plans to continue seeking additional capital through equity financing, strategic partnerships, and related-party support in order to fund operating expenses and meet its obligations as they become due. However, there can be no assurance that such financing will be available on acceptable terms, or at all.
The financial statements do not include any adjustments that might result from the outcome of this uncertainty. |