Invech Holdings, Inc. (OTC: IVHI) reported no revenue for the fiscal years ending December 31, 2024, and 2023, maintaining a consistent trend of operating losses. The company recorded a net loss of $60,475 for 2024, a slight decrease from the $64,641 loss reported in 2023. Operating expenses also decreased from $64,641 in 2023 to $60,475 in 2024, attributed primarily to reduced administrative costs. As of December 31, 2024, Invech's total assets were $1,260, down from $7,000 in the previous year, while total liabilities decreased to $9,834 from $40,475, reflecting a repayment of a loan to an affiliate.
The company has undergone significant organizational changes, including a shift in its business model to focus on regulatory compliance and consulting for public companies. This transition was formalized with the appointment of Rhonda Keaveney as CEO, Director, Secretary, and Treasurer in January 2023. Invech also executed a Consulting Service Agreement with Invech Consulting Corporation in September 2023, which involves marketing and compliance documentation services in exchange for 1,000,000 shares of restricted common stock.
Operationally, Invech Holdings has not reported any definitive agreements for mergers or acquisitions, and it remains in the early stages of its new business strategy. The company currently has one officer and no full-time employees, relying on consultants and external professionals for its operations. As of the latest filing, Invech has approximately 292 shareholders holding a total of 100,521,335 shares of common stock, with no dividends declared since inception.
Looking ahead, Invech Holdings faces substantial challenges, including a working capital deficit of $8,574 as of December 31, 2024, and an accumulated deficit of $307,065. The company has expressed doubts about its ability to continue as a going concern without securing additional financing. Management has indicated that it will need to raise significant funds to implement its business plan and achieve profitability, but there is no assurance that it will be successful in these efforts. The company’s future operations will depend heavily on its ability to attract clients and navigate the competitive landscape of public company compliance consulting.
About Invech Holdings, Inc.
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