AMJ Global Technology Reports Increased Net Loss and Decreased Total Assets

AMJ Global Technology reported its financial results for the three months ending February 28, 2025, revealing a net loss of $55,362, compared to a net loss of $49,674 for the same period in the previous year. The company did not generate any revenue during this quarter, maintaining a consistent trend from the prior year. Operating expenses increased slightly to $50,485 from $49,674, primarily driven by higher professional fees and general administrative costs. The company’s accumulated deficit has grown to $531,636, up from $476,274 as of November 30, 2024.

In terms of balance sheet changes, total assets decreased significantly to $889,799 from $9,253 at the end of the previous fiscal period. This decline was largely due to a reduction in cash and prepaid expenses, which fell to $77 and $280, respectively. Conversely, the equity investment in a related party increased to $886,419, reflecting the company's strategic focus on its investments. Total liabilities surged to $1,133,836, primarily due to the recognition of a loan payable to a related party, which was not present in the previous reporting period.

AMJ Global Technology has made strategic moves to enhance its market position, including the acquisition of a 25% equity stake in a related party, AMJ Global Entertainment, LLC, which is controlled by the company’s CEO. This acquisition, completed in April 2023, was made at no cost and is expected to bolster the company’s intellectual property portfolio. The company is also exploring opportunities in the holistic health industry, particularly targeting professional athletes with conditions such as PTSD and early-onset dementia.

Operationally, the company has not reported any significant changes in customer counts or user statistics, as it continues to develop its mobile software products primarily in Estonia and Europe. The company’s employee headcount remains stable, with no significant layoffs or expansions reported. AMJ Global Technology is actively seeking to secure additional working capital through investments and loans from related parties to sustain its operations and support its growth initiatives.

Looking ahead, AMJ Global Technology acknowledges substantial doubt about its ability to continue as a going concern, given its current financial position and the need for additional capital. The company is in the process of securing funding through common stock offerings, convertible notes, and strategic partnerships. However, there is no assurance that these efforts will be successful, which could impact the company's future operations and financial stability.