Yale Transaction Finders, Inc. (formerly Yacht Finders, Inc.) reported its financial results for the first quarter of 2025, revealing a net loss of $9,200, compared to a net loss of $8,762 for the same period in 2024. The company did not generate any revenue during this quarter, maintaining a consistent trend from the previous year. Operating expenses were slightly reduced to $7,739 from $7,855, indicating a marginal decrease in general and administrative costs. The basic loss per share remained unchanged at $(0.00), with the weighted average number of common shares outstanding at 5,199,000 for both periods.
The company's financial position showed a slight deterioration, with total assets decreasing to $6,282 from $11,167 at the end of 2024. Current liabilities increased to $142,439, up from $138,124, primarily due to higher accrued liabilities and interest payable to related parties. The accumulated deficit grew to $1,366,420 as of March 31, 2025, compared to $1,357,220 at the end of the previous fiscal year. This increase in the deficit reflects ongoing operational challenges and the company's reliance on external financing to meet its obligations.
Yale Transaction Finders continues to operate as a shell company, focusing on identifying potential business combinations. The company has not engaged in any product development or acquisitions during the reporting period. Management has indicated that their strategy involves seeking out merger partners with the financial resources necessary to support the company's operations and alleviate its going concern issues. The company has no current plans to hire additional employees or make significant capital expenditures, as its primary focus remains on finding a suitable acquisition target.
As of March 31, 2025, the company had $6,282 in cash, a decrease from $11,167 at the beginning of the quarter. The negative working capital of $136,157 raises concerns about the company's ability to continue as a going concern without additional funding. Management has expressed reliance on financial support from shareholders and the potential for future equity financing to sustain operations. The company has also issued convertible promissory notes totaling $17,500 to related parties to address immediate cash needs.
Looking ahead, Yale Transaction Finders aims to continue its search for a business combination that could provide a viable path to profitability. However, the company acknowledges the uncertainty surrounding its ability to raise necessary funds and the potential risks associated with its operational strategy. The management's plan to alleviate financial concerns hinges on successfully identifying and completing a transaction with a third party, which remains a critical focus for the upcoming fiscal year.
About Yale Transaction Finders, Inc.
About 10-Q Filings
A 10-Q form is an important financial report that public companies in the United States must submit every three months. It gives a clear picture of a company's financial health and recent performance.
Key points about the 10-Q:
- Frequency: Companies file it three times a year, covering the first three quarters. The fourth quarter is covered in a more comprehensive annual report.
-
Content: It includes:
- Financial statements showing the company's current financial position
- Updates from management on the performance and projections of the business
- Information about potential risks the company faces
- Details on how the company is run internally
- Deadline: Must be filed within 40 or 45 days after the quarter ends, depending on the size of the company.
Our Methodology
AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.
Our method:
- Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
- AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
- Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
- Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
- Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Feedback & Corrections
Spot an error or have a suggestion? Contact us.