GHST World Inc. reported a significant decline in revenue for the fiscal quarter ending September 30, 2025, generating only $3,485 compared to $45,732 during the same period in 2024. The company also recorded a net loss of $34,218, which is a substantial increase from the $12,717 loss reported in the prior year. Operating expenses decreased to $38,523 from $58,449, primarily due to reduced general and administrative costs and patent development expenses. Despite the reduction in expenses, the company continues to face challenges in achieving consistent revenue generation.
The financial position of GHST World Inc. reflects a stockholders' deficit of $525,340 as of September 30, 2025, compared to a deficit of $491,122 at the end of the previous fiscal year. The company’s total current liabilities increased to $527,188 from $493,640, largely due to advances from related parties, which rose to $451,491. The company’s cash reserves decreased to $1,848 from $2,518, indicating ongoing liquidity challenges. Management has expressed substantial doubt about the company's ability to continue as a going concern without raising additional capital or generating material revenue.
Strategically, GHST World Inc. is pivoting towards clean energy initiatives, particularly focusing on solar energy projects in Italy. The company has entered agreements for the purchase of surface rights for solar energy projects and plans to construct solar plants through a special purpose entity, Green Capital SRL. This shift aims to diversify revenue streams and capitalize on the growing demand for renewable energy. The company is also continuing to develop its Smart Shin Guard product, a wearable device designed for athletes, although progress has been hindered by limited capital resources.
Operationally, GHST World Inc. has not reported significant increases in customer counts or user statistics, and the company remains heavily reliant on a few customers for its revenue. The company’s employee headcount remains stable, with no significant changes reported. The management has indicated that the ability to generate revenue from the Smart Shin Guard and solar energy projects will depend on successful capital raising efforts and the establishment of market demand for these products.
Looking ahead, GHST World Inc. anticipates the need to raise at least $250,000 to support its working capital needs over the next 12 months. The company is exploring various financing options, including potential sales of common stock and other securities. However, management cautions that there are no guarantees of success in these endeavors, and the company’s future performance will be influenced by external economic factors and its ability to execute its business plans effectively.
About GHST World Inc.
GHST World Inc. develops and markets innovative sports technology, notably the Smart Shin Guard, which monitors athlete performance metrics through patented data collection and analysis. The company focuses on athletic markets, primarily soccer, offering products for casual and professional athletes. It relies on intellectual property, strategic partnerships, and technological innovation to gain competitive advantages in sports analytics and wearable equipment markets.
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