Atlantis Glory Inc. Reports No Revenue and Increased Net Losses for Q2 2025

Atlantis Glory Inc. reported its financial results for the second quarter of 2025, revealing no revenue for both the three and six months ended June 30, 2025, consistent with the same periods in 2024. The company incurred a net loss of $7,225 for the three months ended June 30, 2025, a slight decrease from the net loss of $7,480 in the same quarter of the previous year. For the six-month period, the net loss was $16,179, down from $16,485 in 2024. Operating expenses for the second quarter were $7,225, a decrease from $7,480 in the prior year, while total operating expenses for the first half of 2025 were $16,179, compared to $16,485 in 2024.

The company’s balance sheet as of June 30, 2025, showed total liabilities of $187,608, an increase from $171,429 at the end of 2024. This increase was primarily due to accrued expenses and amounts due to related parties. Atlantis Glory continues to operate with a significant accumulated deficit of $1,123,387, which raises substantial doubt about its ability to continue as a going concern. The company has no cash and cash equivalents, relying on financing from related parties to meet its obligations.

Strategically, Atlantis Glory has been exploring potential business combinations, including reverse mergers or asset purchases, to revitalize its operations. The company has not engaged in any revenue-generating activities since becoming dormant in May 2020. Management has indicated that it may consider acquiring a business that is either in need of capital or has recently commenced operations. However, as of the report date, no discussions regarding potential business combinations have taken place.

Operationally, the company has maintained a consistent number of shares outstanding, with 603,970,000 common shares issued and 10,000,000 preferred shares. The management has acknowledged the challenges posed by limited resources and the need for additional funding to support future operations. The company plans to address its financial needs through potential equity or debt financing, although it recognizes the uncertainty surrounding the availability of such funding.

Looking ahead, Atlantis Glory Inc. anticipates continued operating losses as it navigates the complexities of identifying and executing a viable business strategy. The management's ability to secure additional financing and successfully implement its plans will be critical to the company's future. The filing emphasizes the risks associated with its current financial condition and the potential for significant dilution of existing shareholders if new capital is raised through equity financing.