Xenous Holdings, Inc. reported a net loss of $15,311 for the three months ended June 30, 2025, a decrease from the net loss of $15,971 recorded during the same period in 2024. The company's operating expenses for the quarter were $15,311, slightly lower than the $15,971 reported in the previous year. The reduction in net loss is attributed to a decrease in professional fees, which fell from $15,655 to $15,000. Despite this improvement, the company continues to face significant financial challenges, with an accumulated deficit of $1,229,733 as of June 30, 2025, compared to $1,214,422 at the end of the previous fiscal period.
Total liabilities for Xenous Holdings increased to $918,933 as of June 30, 2025, up from $903,622 as of March 31, 2025. This rise in liabilities is primarily due to advances from Smartex Investment Ltd., the company's majority shareholder, which provided $18,500 in funding during the quarter. The company has not generated any revenue since its inception and has a working capital deficiency of $918,933, reflecting ongoing financial instability. The company’s stockholders' deficit also increased from $903,622 to $918,933 during the same period.
In terms of operational developments, Xenous Holdings is currently engaged in due diligence for a potential acquisition of a Malaysia-based company involved in agricultural commodities related to Aquilaria trees. The preliminary due diligence has yielded positive results, and the company is now focusing on assessing the intangible assets of the target. This acquisition, if successful, could provide a new direction for the company, which has not had any business operations since its name change in 2019.
The company remains classified as a smaller reporting company and an emerging growth company, and it has opted not to use the extended transition period for complying with new financial accounting standards. As of June 30, 2025, Xenous Holdings had 760,250,000 shares of common stock outstanding, with no preferred shares issued. The company continues to rely on advances from its majority shareholder for operational funding, and there are no guarantees that additional financing will be available in the future.
Looking ahead, Xenous Holdings acknowledges the substantial doubt regarding its ability to continue as a going concern. The company’s future operations will depend on its ability to generate sufficient cash flows and secure additional financing. Management has expressed confidence in the viability of its strategic plans but recognizes the inherent risks and uncertainties involved. The completion of the due diligence process for the potential acquisition is expected in the second half of 2025, which could significantly impact the company's operational trajectory.
About Xenous Holdings, Inc.
Xenous Holdings, Inc. is a shell company seeking to acquire or merge with operating businesses across various industries. It has no current operations, products, or services. The company focuses on identifying potential assets or companies, primarily through funding or mergers, to create a going concern. Its core value lies in acting as a vehicle for private companies to access public markets via acquisitions or reorganizations.
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