Company: DKI
Filing Date: 2025-03-17
Form Type: DRS
Source: 0001493152-25-010539
Chunk: 93

Company: DarkIris Inc.
Filing Date: 2025-03-17
Form: DRS
Chunk 93
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 consolidated financial statements. Furthermore, the Company does not have any retained or contingent interest in assets transferred to an unconsolidated entity that serves as credit, liquidity or market risk support to such entity. Moreover, the Company does not have any variable interest in any unconsolidated entity that provide financing, liquidity, market risk or credit support to or engages in hedging services with the Company.

Capital Resources.The primary drivers and material factors impacting liquidity and capital resources include ability to generate sufficient cash flows from operations and financial support from shareholders, as well as proceeds from equity and debt financing, to ensure future growth and expansion plans.

Working Capital.Total working capital as of September 30, 2024 amounted to approximately $0.9 million, compared to a negative $2.9 million approximately as of September 30, 2023. The increase in working capital was mainly caused by increase in cash and accounts receivable, and reduction of amount due to related parties.

Capital Needs.The Company’s capital needs include daily working capital needs and capital needs to finance the development of business. Management believes that income generated from current operations can satisfy daily working capital needs over the next 12 months. The Company may also raise additional capital through public offerings or private placements to finance business development and to consummate any merger or acquisition, if necessary.

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 (