Hoops Scouting USA reported a net loss of $11,468 for the three months ending September 30, 2025, compared to a loss of $3,178 during the same period in 2024. The company's total expenses increased significantly to $11,468 from $3,178, primarily due to higher professional fees, which rose to $8,500 from $1,000 year-over-year. The company continues to operate without generating any revenue, resulting in an accumulated deficit of $323,305 as of September 30, 2025, up from $311,837 at the end of the previous fiscal period.
In terms of financial position, Hoops Scouting USA reported total assets of $76,982 as of September 30, 2025, a slight increase from $76,889 at the end of June 2025. However, total liabilities also rose to $265,237 from $253,676, leading to a working capital deficit of $172,255, compared to $160,787 in the prior quarter. The increase in liabilities is attributed to amounts owed to the company's President and Director, which rose to $245,807 from $234,944.
Operationally, the company has not reported any significant changes in customer counts or user statistics, nor has it launched new products during this period. However, management indicated plans to promote its website and develop the Hoops Scouting USA app, aiming to enhance its service offerings. The company is also exploring potential partnerships with existing scouting services and college sport sponsorship consulting firms to expand its market presence.
The financial statements raise substantial doubt about the company's ability to continue as a going concern, given its ongoing losses and reliance on financial support from shareholders. Management has acknowledged the need for equity financing to sustain operations and achieve profitability. The company has not issued any common shares during the reporting period, maintaining a consistent share count of 101,250,000 shares outstanding.
Looking ahead, Hoops Scouting USA's management remains cautious, noting that there is no assurance of generating cash flows from operations in the near future. The company continues to face significant uncertainties that could impact its financial condition and operational performance. As of the reporting date, the company had a cash balance of $113, reflecting the challenges it faces in maintaining liquidity and operational viability.
About HOOPS SCOUTING USA
Hoops Scouting USA is a platform providing basketball scouting services for high school and college players, enabling athletes to showcase game footage, stats, and schedules. It targets youth to collegiate athletes and coaches, facilitating recruitment and talent evaluation. The company also develops a training app, Grit App, offering personalized drills and performance programs. Its business model relies on memberships, sponsorships, and digital training products.
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