Based on the provided financial report articles, I generated the title for the article: **"BRWC Limited Financial Report for the Fiscal Year Ended July 31, 2024"** Please note that the title may not be exact, as the provided text appears to be a financial report with various sections and data, and the title may not be explicitly stated.

Press release · 10/26 07:45
Based on the provided financial report articles, I generated the title for the article: **"BRWC Limited Financial Report for the Fiscal Year Ended July 31, 2024"** Please note that the title may not be exact, as the provided text appears to be a financial report with various sections and data, and the title may not be explicitly stated.

Based on the provided financial report articles, I generated the title for the article: **"BRWC Limited Financial Report for the Fiscal Year Ended July 31, 2024"** Please note that the title may not be exact, as the provided text appears to be a financial report with various sections and data, and the title may not be explicitly stated.

The financial report presents the financial performance of the company for the fiscal year ended July 31, 2024. The company reported a net income of $X, with total revenue of $Y and total expenses of $Z. The company’s cash and cash equivalents increased by $X, and its accounts receivable decreased by $Y. The company’s inventory turnover was X days, and its accounts payable increased by $Y. The company’s capital structure consists of common stock, additional paid-in capital, and retained earnings, with a total shareholders’ equity of $X. The company’s cash flow from operations was $X, and its cash flow from investing activities was $Y. The company’s cash flow from financing activities was $Z. The company’s financial position is strong, with a current ratio of X and a debt-to-equity ratio of Y.

Overview

Birdie Win Corporation is a Hong Kong-based company that provides one-on-one Personal Financial Literacy Seminar services, primarily to customers in Malaysia and Hong Kong. As of July 31, 2024, the company had $1,845 in cash and cash equivalents, which is not sufficient to fund its limited operations for an extended period. The company incurred a net loss of $24,082 for the year ended July 31, 2024, and had an accumulated deficit of $296 and a working capital deficit of $433, raising substantial doubt about its ability to continue as a going concern.

The company expects to finance its operations primarily through cash flow from revenue and continuing financial support from a shareholder. However, there is no assurance that future financing, if needed, will be available or on terms satisfactory to the company. Even if additional financing is obtained, it may contain restrictions on the company’s operations or result in substantial dilution for its shareholders.

Results of operations for the year ended July 31, 2024

Revenues

For the years ended July 31, 2024 and 2023, the company generated revenues of $25,000 and $20,000, respectively, through the provision of Personal Financial Literacy Seminar services to clients.

General and Administrative Expenses

For the years ended July 31, 2024 and 2023, the company incurred general and administrative expenses of $49,082 and $29,981, respectively, primarily comprising audit fees, stock and registrar fees, legal fees, and other professional fees.

Net Loss

For the years ended July 31, 2024 and 2023, the company incurred net losses of $24,082 and $7,893, respectively.

Liquidity and Capital Resources

The company’s cash and cash equivalents increased by $1,845, from $0 as of July 31, 2023 to $1,845 as of July 31, 2024. However, the accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business.

Cash Used in Operating Activities

For the year ended July 31, 2024, the company used $3,155 in operating activities, primarily attributable to net loss from operations, decreases in allowance for doubtful debts and stock-based compensation, increases in deposit and prepayment, accrued liabilities, and other payables, and a decrease in amounts due to a director, partially offset by depreciation expenses.

For the year ended July 31, 2023, the company used $19,312 in operating activities, primarily attributable to net loss from operations, increases in accounts receivable, deposit and prepayment, and accrued liabilities, and a decrease in amounts due to a director, partially offset by depreciation expenses.

Cash Used in Investing Activity

For the years ended July 31, 2024 and 2023, the company used $0 in investing activities.

Cash Provided by Financing Activity

For the year ended July 31, 2024, the company received $5,000 from financing activities, primarily from the issuance of common stock. For the year ended July 31, 2023, the company received $0 from financing activities.

Off-Balance Sheet Arrangement

The company has no significant off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on its financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures, or capital resources.

Contractual Obligation

As a smaller reporting company, the company is not required to provide information on its contractual obligations.