Un Monde International Ltd., formerly known as Asiarim Corp., reported no revenue for the fiscal year ending December 31, 2024, maintaining the same status as the previous year. The company recorded a net loss of $92,243 for 2024, an increase from a loss of $68,987 in 2023. General and administrative expenses rose to $92,243, up from $68,987 in the prior year, attributed to the change in control of the company and its transition to a public reporting entity. As of December 31, 2024, Un Monde had total liabilities of $384,194 and an accumulated deficit of $2,587,661, raising substantial doubt about its ability to continue as a going concern.
The company has undergone significant organizational changes, including the appointment of Bryan Glass as custodian in 2016, which led to the reinstatement of its corporate charter and the establishment of a new management team. In May 2023, Un Monde entered into a Commercial Lease Agreement for its headquarters, marking its first operational step since the custodianship. The company is actively seeking to raise capital to fund acquisitions in the education sector, focusing on private corporations that provide specialized education to international students.
Un Monde currently has one officer and one director, with no full-time employees. The company plans to expand its management team as it raises capital. It has not yet implemented its business plan, which aims to address the growing demand for international education, particularly in the wake of the COVID-19 pandemic, which has accelerated the shift towards online learning. The company is exploring various avenues for growth, including potential acquisitions and partnerships within the education industry.
Despite the lack of operational revenue, Un Monde's management is optimistic about future opportunities in the international education market. The company aims to leverage the increasing global demand for multilingual education and critical thinking skills among students. However, it acknowledges the competitive landscape, which includes larger and more established players in the education sector. The company is committed to enhancing its internal controls and financial reporting processes to improve its operational effectiveness and compliance with regulatory requirements.
Looking ahead, Un Monde International Ltd. emphasizes the need to secure additional funding to implement its business strategy and achieve its goals. The management's forward-looking statements highlight the potential for growth in the international education sector, although the company remains cautious about the uncertainties and risks associated with its plans. The management believes that with the right capital and strategic direction, Un Monde can establish itself as a viable player in the education industry.
About Un Monde International Ltd.
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