10-Q: Anvi Global Holdings Reports Q3 2025 Results: Losses Continue Amidst Going Concern Uncertainty

Anvi Global Holdings reports a net loss of $46,361 for the three months ended November 30, 2024, and expresses substantial doubt about its ability to continue as a going concern.

Summary

• Anvi Global Holdings, Inc. reported its financial results for the third quarter of fiscal year 2025, ending November 30, 2024.
• The company was incorporated in Nevada on August 15, 2012.
• The company has accumulated a deficit of $2,171,202 as of November 30, 2024.
• The net loss for the three months ended November 30, 2024, was $46,361, compared to $45,832 for the same period in 2023.
• The net loss for the nine months ended November 30, 2024, was $152,470, compared to $137,824 for the same period in 2023.
• General and administrative expenses for the three months ended November 30, 2024, were $46,361, a slight increase from $45,832 in 2023.
• General and administrative expenses for the nine months ended November 30, 2024, were $152,470, compared to $151,875 in 2023.
• The company's management has expressed substantial doubt about its ability to continue as a going concern due to its accumulated deficit and the need for additional capital.
• As of January 7, 2025, the company had 119,950,000 shares of common stock issued and outstanding.
• The company had cash of $10,481 as of November 30, 2024, compared to $1,334 as of February 29, 2024.

Sentiment

Score: 2

Explanation: The sentiment is very negative due to the company's going concern warning, accumulated deficit, and ineffective internal controls. The lack of revenue and reliance on related party transactions further contribute to the poor outlook.

Positives

• The company's cash position increased to $10,481 as of November 30, 2024, compared to $1,334 as of February 29, 2024.
• The company recognized a gain of $14,051 from the settlement of accounts payable during the nine months ended November 30, 2023.
• General and administrative expenses remained relatively stable.

Negatives

• The company has accumulated a significant deficit of $2,171,202 as of November 30, 2024.
• Management expresses substantial doubt about the company's ability to continue as a going concern.
• The company has had no revenue.
• The company's disclosure controls and procedures were ineffective as of the end of the period covered by this report due to a material weakness in internal control over financial reporting.

Risks

• The company's ability to continue as a going concern is uncertain due to its accumulated deficit and need for additional capital.
• The company's plan to invest in or acquire businesses may not be successful.
• The company's internal control over financial reporting is ineffective due to material weaknesses.
• The company may not be able to secure additional financing on acceptable terms, or at all.
• Additional issuances of equity or convertible debt securities will result in dilution to current shareholders.

Future Outlook

The company intends to become a diversified, global holdings company with interests in various key segments, including mining, infrastructure, heavy earthworks, health services, and aerospace engineering, positioned globally; however, the company's ability to execute this plan is uncertain.

Management Comments

• Management has concluded that our disclosure controls and procedures were ineffective as of the end of the period covered by this report due to a material weakness in our internal control over financial reporting.
• The Company shall pursue financing plans to raise funds to judiciously spend towards operational expenses.
• The Company shall continue to employ low cost measures to operate its business and analyze any unnecessary cost or expense.
• The Company will seek to avoid unnecessary expenditures, travel, and lodging costs that are not mission critical to its business.

Industry Context

The company's plan to become a diversified global holdings company is ambitious, but its current financial condition and lack of revenue make it a high-risk venture. Many small companies struggle with internal controls and adequate funding, making Anvi Global's situation not uncommon but still concerning.

Comparison to Industry Standards

• It is difficult to compare Anvi Global Holdings to industry standards due to its lack of revenue and specific business operations.
• Many small, publicly traded companies face challenges with internal controls and financial reporting, but the severity of Anvi Global's material weaknesses is a concern.
• The company's going concern status raises significant questions about its ability to compete or even continue operating in any industry.

Related Party Transactions

• The company has a service agreement with Anvi Global Inc., a company owned by the CEO, for $12,000 a month.
• As of November 30, 2024, the company has an accrued, unpaid balance due to Anvi Global Inc. of $900,000.
• As of November 30, 2024, the company has accounts payable due to Anvi Global, Inc. of $612,000.
• The CEO has advanced funds to the company from his personal account and related companies since 2018.
• As of November 30, 2024, the balance due to the CEO was $603,605.

Stakeholder Impact

• Shareholders face significant risk due to the company's going concern status and potential dilution from future equity issuances.
• Employees may be impacted by cost-cutting measures and the uncertainty surrounding the company's future.
• Creditors face increased risk of non-payment due to the company's financial difficulties.

Next Steps

• The company plans to take steps to enhance and improve the design of its internal control over financial reporting.
• The company hopes to implement changes during its fiscal year ending February 28, 2025, including appointing additional qualified personnel and adopting sufficient written policies and procedures for accounting and financial reporting.
• The company anticipates incurring costs related to filing of Exchange Act reports and costs relating to developing its business plan during the next twelve months.

Key Dates