Company: STRG
Filing Date: 2025-06-12
Form Type: 10-Q
Source: 0001640334-25-001011
Chunk: 17

Company: STARGUIDE GROUP, INC.
Filing Date: 2025-06-12
Form: 10-Q
Item: Part I, Item 1
Chunk 17
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 Effect of exchange rate changes on cash  (3,205 )  336   (3,541 ) (1,054%) Net changes in cash  $121  $(17 ) $138  (812%) 

Operating Activities

Net cash used in operating activities was $14,624 for the three months ended April 30, 2025 compared with net cash used in operating activities of $22,879 during the three months ended April 30, 2024.

During the three months ended April 30, 2025, the net cash used in operating activities was attributed to net loss of $12,794 reduced by depreciation of $146 and increased by net changes in operating assets and liabilities of $1,976.

During the three months ended April 30, 2024, the net cash used in operating activities was attributed to net loss of $23,236 reduced by depreciation of $143 and reduced by net changes in operating assets and liabilities of $214.

Investing Activities

We did not have any investing activities during the three months ended April 30, 2025 and 2024.

Financing Activities

During the three months ended April 30, 2025 and 2024, net cash from financing activities was $17,950and $22,526, respectively. During the three months ended April 30, 2025, we received proceeds from issuance of convertible note to a non-affiliate of $17,300 and proceeds from related parties of $650. During the three months ended April 30, 2024, we received proceeds from issuance of convertible note to a non-affiliate of $22,126 and proceeds from related parties of $400.

Going Concern

As reflected in the accompanying consolidated financial statements, the Company’s current liabilities exceeded its current assets by $363,460, has an accumulated deficit of $356,670 and shareholders’ deficit of $362,029 as of April 30, 2025. For the three ended April 30, 2025, the Company suffered a net loss of $12,794 and negative operating cash flow of $14,624. These factors among others raise substantial doubt about our ability to continue as a going concern. The Company’s ability to continue as a going concern is dependent on the financial support from its major shareholder and its ability to raise additional capital and implement its business plan. These financial statements do not include any adjustments to the recoverability and classification of recorded asset