Eco Science Solutions Reports Net Loss of $273,421 with No Revenue for Quarter Ending April 30, 2025

Eco Science Solutions, Inc. has reported its financial results for the three months ending April 30, 2025, revealing a net loss of $273,421, a decrease from the net loss of $294,613 recorded in the same period last year. The company did not generate any revenue during this quarter, consistent with the previous year. Operating expenses totaled $254,295, down from $276,063 in the prior year, primarily due to reduced legal, accounting, and audit fees, which decreased from $51,810 to $17,459. The company continues to face significant financial challenges, reflected in its accumulated deficit, which increased to $78,999,693 from $78,726,272.

In terms of balance sheet performance, total assets decreased to $104,669 from $107,272 at the end of January 2025. Current liabilities rose slightly to $16,940,362 from $16,669,544, driven by increases in accounts payable and accrued expenses. The company reported a working capital deficit of $16.94 million, raising concerns about its ability to continue as a going concern without additional financial support or successful operational strategies.

Strategically, Eco Science Solutions has undergone significant organizational changes, including the dissolution of its wholly owned subsidiary, Ga-Du Corporation, on April 3, 2025. This decision was made to streamline operations and focus on its core offerings. The company has also made investments in technology, acquiring a software program from eXPO Financial Services for $100,000, which is expected to enhance its enterprise software capabilities once commercial sales commence.

Operationally, Eco Science Solutions has not reported any customer counts or user statistics, as it has yet to generate revenue from its primary operations. The company continues to develop its Herbo software platform, which is designed for regulated, cash-intensive industries. However, it has not disclosed any metrics related to product adoption rates or market share figures. The employee headcount remains unchanged at 52,957,572 shares outstanding, with no significant changes in stockholder equity.

Looking ahead, Eco Science Solutions acknowledges the challenges posed by market conditions, including inflation and geopolitical factors, which may impact consumer spending and overall business performance. The company is focused on securing additional financing and achieving profitable operations in the future, although it has expressed uncertainty regarding its ability to do so in the immediate term. The management's outlook remains cautious, emphasizing the need for continued financial support from shareholders and the successful execution of its strategic initiatives.