Integrated Ventures Reports Revenue Decline and Strategic Shift to Health and Wellness

Integrated Ventures, Inc. reported significant financial changes in its latest 10-Q filing for the quarter ending March 31, 2025. The company generated total revenue of $281,318 for the three months ended March 31, 2025, a substantial decrease from $1,983,250 in the same period last year. For the nine months ending March 31, 2025, revenue totaled $425,327, down from $4,770,422 in the prior year. The decline in revenue was primarily attributed to the cessation of digital asset mining operations, which had previously contributed significantly to the company's income.

The company’s operational focus has shifted following its acquisition of a 51% stake in Healthy Lifestyle USA LLC in August 2024. This strategic move has allowed Integrated Ventures to enter the health and wellness sector, resulting in new revenue streams from online sales and commissions. For the three months ended March 31, 2025, the company reported $5,222 in online sales and $276,096 in commissions, marking a notable shift in its business model. The total costs and expenses for the quarter were $1,294,691, leading to a loss from operations of $1,013,373.

In terms of financial health, Integrated Ventures reported total current assets of $765,575 as of March 31, 2025, compared to $2,599,238 as of June 30, 2024. Current liabilities stood at $3,016,649, resulting in a stockholders' deficit of $5,338,591, an increase from a deficit of $3,865,451 in the previous fiscal period. The company’s accumulated deficit also widened to $87,545,323, raising concerns about its ability to continue as a going concern.

The company has also made operational adjustments, including the termination of its hosting and power purchase agreement for its mining operations, which had been disconnected since June 2024. This decision was made in light of rising operational costs and has led to a gain on the settlement of payables amounting to $352,397. Looking ahead, Integrated Ventures plans to explore options for its mining equipment and continue to develop its health and wellness business, although it faces challenges in raising capital and achieving profitability.

Overall, Integrated Ventures, Inc. is navigating a transitional phase, moving away from digital asset mining towards health and wellness, while grappling with financial losses and a significant accumulated deficit. The company’s future performance will depend on its ability to successfully execute its new business strategy and manage its financial obligations.