Company: DKI
Filing Date: 2025-05-23
Form Type: DRS/A
Source: 0001641172-25-012167
Chunk: 95

Company: DarkIris Inc.
Filing Date: 2025-05-23
Form: DRS/A
Chunk 95
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 and strengthen our market position over time.

We are confident that our available cash, combined with disciplined cost management and ongoing revenue from our core business, will be sufficient to meet our operational needs and support future product investment in the long-term. As of the date of this filing, we have not identified any material uncertainties that raise substantial doubt about our ability to continue as a going concern.

Cash flows

For the years ended September 30, 2024 and 2023

The following table sets forth a summary of our cash flows in FY2024 and FY2023, respectively.

|                                                     |     | For the Financial Years ended September 30, |    2024 |   |     |   |       2023 |   |
|:----------------------------------------------------|:----|:--------------------------------------------|--------:|:--|:----|:--|-----------:|:--|
| Net cash provided by (used in) operating activities |     | $                                           |  53,667 |   |     | $ | (1,331,684 | ) |
| Net cash used in investing activities               |     |                                             | (12,148 | ) |     |   |     (2,766 | ) |
| Net cash provided by financing activities           |     |                                             | 199,111 |   |     |   |  1,041,550 |   |
| Effect of exchange rate changes on cash             |     |                                             |  (7,759 | ) |     |   |    (11,125 | ) |
| Net increase (decrease) in cash                     |     |                                             | 232,871 |   |     |   |   (304,025 | ) |
| Cash, beginning of year                             |     |                                             |  80,864 |   |     |   |    384,889 |   |
| Cash, end of year                                   |     | $                                           | 313,735 |   |     | $ |     80,864 |   |

Operating activities

Net cash provided by operating activities
was $53,667 in FY2024, which mainly consisted of (i) net income of approximately $1.1 million; and (ii) an increase of contract liabilities
of approximately $0.38 million. The increase in cash in operating activities was partially offset by (i) an increase in accounts receivable
of approximately $0.9 million due to revenue generated from game players; and (ii) an