Mag Magna Corp, a consulting firm focused on antibiotic-free poultry farming, reported significant financial developments in its recent 10-K filing for the fiscal year ending April 30, 2025. The company generated total revenue of $49,905, a substantial increase from $5,600 in the previous fiscal year. This growth is attributed to the introduction of its Poultry Wellness Guide API in October 2023, which allowed the company to diversify its revenue streams by offering subscription plans for API services alongside its traditional consulting services.
Operating expenses for the year rose to $102,161, up from $56,475 in the prior year, primarily due to increased costs associated with consulting services, marketing, and professional fees. The net loss for the year was $52,254, slightly higher than the loss of $50,853 reported for the year ending April 30, 2024. The increase in losses is linked to the company's ongoing investments in marketing and technology to support its new product offerings.
In terms of operational metrics, Mag Magna Corp's total assets increased to $144,297 as of April 30, 2025, compared to $86,772 the previous year. The company's liabilities also rose significantly to $227,595, primarily due to a loan payable to a former director. The stockholders' deficit expanded from $31,044 to $83,298, reflecting the accumulated losses over the fiscal year. The company maintained 5,829,047 shares of common stock outstanding, with no dividends declared or anticipated in the near future.
Strategically, the company has made notable advancements, including a partnership with Ipax LLC for the development of its feed additive formulas and the launch of the Poultry Wellness Guide API. This API is designed to assist poultry farmers in managing chicken health and disease prevention, covering 12 common chicken breeds. The company has also undergone a change in leadership, with Wang Gang appointed as the new CEO following a change in control on June 4, 2025, when he acquired a majority stake in the company.
Looking ahead, Mag Magna Corp's management has expressed optimism about its growth potential, contingent on generating profitable operations and securing additional financing. The company plans to continue leveraging its technological advancements and consulting expertise to expand its market presence in the poultry farming sector. However, the ongoing net losses and accumulated deficit raise concerns about its ability to sustain operations without further capital infusion.
About Mag Magna Corp
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