Moveix Inc. Reports No Revenue for Q2 2025, Continues to Seek Financing

Moveix Inc. reported its financial results for the second quarter of 2025, revealing a continued lack of revenue generation. The company recorded no revenue for both the three and six months ended June 30, 2025, consistent with the same periods in the previous year. Operating expenses for the second quarter amounted to $12,186, a decrease from $13,529 in the same quarter of 2024. For the first half of 2025, total operating expenses were $28,762, down from $51,025 in the prior year. The net loss for the second quarter was $12,186, compared to a loss of $13,529 in the same quarter of 2024, while the total net loss for the first half of 2025 was $28,762, significantly lower than the $51,025 loss reported in the first half of 2024.

The company’s balance sheet as of June 30, 2025, showed total assets of $833, a slight decrease from $845 at the end of 2024. Total liabilities increased to $210,555 from $181,806, primarily due to a rise in accrued expenses and related party loans, which reached $194,555, up from $177,806. The accumulated deficit also widened to $522,171 from $493,409 at the end of 2024, contributing to a total stockholders' deficit of $209,722, compared to $180,961 previously.

In terms of strategic developments, Moveix continues to explore potential business opportunities, particularly in the electric transportation sector, which includes hoverboards and electric bikes. The company has not yet identified a target for acquisition but is actively seeking viable business combinations. The management has indicated that they may consider a reverse merger with a company in need of capital, which could provide a pathway to operational revenue. However, the company faces significant challenges, including a lack of cash on hand and the need for additional financing to support its operations.

Operationally, Moveix has not reported any significant changes in customer counts or product adoption rates, as it remains in a developmental phase without active sales. The company’s management has acknowledged the ongoing impact of market conditions, including the effects of the coronavirus pandemic, which have hindered its ability to generate revenue and secure financing. The company has indicated that it will continue to rely on loans from its principal shareholder to maintain operations.

Looking ahead, Moveix's management has expressed uncertainty regarding its ability to continue as a going concern without raising additional funds. The company plans to explore various financing options, including potential equity or debt securities, to support its working capital needs. However, the management has cautioned that the success of these efforts is not guaranteed, and the company may face substantial risks as it seeks to establish a viable business model.