GiveMePower Corporation (GMPW) reported its financial results for the third quarter of 2025, revealing a continued lack of revenue generation. The company recorded no revenue for the three months ended September 30, 2025, consistent with the same period in 2024. Operating expenses, however, increased significantly to $16,334 from $8,870 year-over-year. This led to a net loss of $16,334 for the quarter, compared to a net loss of $8,870 in the prior year. For the nine months ended September 30, 2025, the company also reported no revenue, with total operating expenses decreasing to $24,622 from $28,005 in the same period of 2024, resulting in a net loss of $24,622 compared to $28,005 previously.
The company's financial position showed a slight deterioration, with total liabilities increasing to $292,345 as of September 30, 2025, up from $267,567 at the end of 2024. The accumulated deficit also widened to $6,640,079 from $6,615,457. Cash and cash equivalents increased marginally to $4,388 from $4,232, but the company reported a negative working capital of $867, indicating ongoing liquidity challenges. GMPW's reliance on related party loans continued, with long-term liabilities to related parties rising to $283,592 from $262,113.
Strategically, GMPW has halted its real estate purchases since January 2022 due to anticipated interest rate hikes, which the company believes could negatively impact property values. The firm is focusing on establishing a banking and financial services division aimed at empowering Black communities in the U.S. through financial tools and resources. This includes plans to create a federally licensed bank and develop a machine learning and AI-enabled loan underwriting platform. The company aims to leverage blockchain technology for transaction processing and cryptocurrency opportunities, although these initiatives are still in the planning stages.
Operationally, GMPW has not reported any significant changes in customer counts or user statistics, and it continues to operate with a minimal workforce, primarily consisting of its CEO and a few part-time staff. The company has expressed intentions to raise additional capital to fund its operations and strategic initiatives, but it acknowledges the uncertainty surrounding its ability to generate significant revenues in the near future. The outlook remains cautious, with management emphasizing the need for adequate capital to sustain operations and achieve profitability.
About GIVEMEPOWER CORP
GiveMePower Corporation is a diversified company focused on empowering Black communities through real estate and financial technology. Its core activities include managing real estate assets in opportunity zones, developing affordable housing, and building a fintech platform with AI, blockchain, and digital currency solutions. The company aims to create accessible banking, lending, and payment systems for underserved populations, leveraging innovative technology and strategic acquisitions.
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