Company: AGGI
Filing Date: 2025-10-31
Form Type: 10-12G
Source: 0001683168-25-007875
Chunk: 37

Company: Allied Energy, Inc.
Filing Date: 2025-10-31
Form: 10-12G
Chunk 37
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-based compensation was $37,577 in 2024 compared
to $76,424 in 2023. The increase in operating expenses was primarily attributable to higher personnel costs, advertising and promotional
activities, professional services, and compliance costs.

Other Income/Expenses

We recorded
other income of $12,264 for the year ended December 31, 2024, compared to $3,442 for the year ended December 31, 2023. The increase was
primarily attributable to interest income.

Net Loss

We recorded
a net loss of $495,281 for the year ended December 31, 2024, compared to a net loss of $457,185 for the year ended December 31, 2023.
The increase in net loss was primarily attributable to higher operating expenses, partially offset by an improvement in gross margin.

Liquidity
and Capital Resources for the Years Ended December 31, 2024 and 2023

Our financing
objective is to maintain financial flexibility to meet the technological infrastructure and personnel needs to support our platform,
and pursue our expansion and diversification objectives.

As of December
31, 2024, we had total current assets of $340,316 and total current liabilities of $431,775. We had a working capital deficit of $91,459
as of December 31, 2024.

Net cash
used by operating activities was $462,747 for the year ended December 31, 2024, as compared with $370,828 cash used for the year ended
December 31, 2023. Our negative operating cash flow for both periods was our net losses, as adjusted to reconcile net loss to net cash
provided by operating activities.

Net cash
used in investing activities was $128,710 for the year ended December 31, 2024, with no comparable activity in 2023. The use of cash
was primarily related to software development costs.

We
recorded net cash provided by financing activities of $712,167 for the year ended December 31, 2024, compared to $512,892 for the year
ended December 31, 2023. Cash inflows in both periods primarily consisted of proceeds from subscription receivables related to the issuance
of common stock and from the exercise of stock options by employees, shareholders, and consultants.

Going
Concern

The accompanying
financial statements have been prepared in US dollars and in accordance with accounting principles generally accepted in the United