Company: STRG
Filing Date: 2025-04-29
Form Type: 10-K
Source: 0001640334-25-000716
Chunk: 94

Company: STARGUIDE GROUP, INC.
Filing Date: 2025-04-29
Form: 10-K
Item: Item 1B
Chunk 94
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 exchange rate changes on cash  1,080   2,673   (1,593) (60%) Net changes in cash  $(37) $(2,892) $2,855  (99%) 

Net cash used in operating activities was $58,943 for the year ended January 31, 2025 compared with net cash used in operating activities of $65,726 during the prior year.

During the year ended January 31, 2025, the net cash used in operating activities was attributed to net loss of $90,712 reduced by depreciation of $580 and changes in operating assets and liabilities of $31,189.

During the year ended January 31, 2024, the net cash used in operating activities was attributed to net loss of $202,345 reduced by depreciation of $12,386, impairment loss on software of $69,841, impairment loss on goodwill of $26,319, changes in operating assets and liabilities of $31,055, and increased by accounts payable written off of $2,982. 

Investing Activities

During the year ended January 31, 2025 and 2024, the Company had no investing activities.

 Financing Activities

During the year ended January 31, 2025 and 2024, net cash from financing activities was $57,826 and $60,161, respectively. 

During the year ended January 31, 2025, we received proceeds from issuance of convertible notes to non-affiliate of $54,926 and proceeds from related parties of $2,900. 

During the year ended January 31, 2024, we received proceeds from issuance of convertible notes to non-affiliate of $48,861 and proceeds from related parties of $11,300. 

Plan of Operation and Funding

We expect that working capital requirements will continue to be funded through a combination of our existing funds and further issuances of securities. Our working capital requirements are expected to increase in line with the growth of our business.

Existing working capital, further advances and debt instruments, and anticipated cash flow are expected to be adequate to fund our operations over the next twelve months. We have no lines of credit or other bank financing arrangements. Generally, we have financed operations to date through the proceeds of the private placement of equity and debt instruments. In connection with our business plan, management anticipates additional increases in operating expenses and capital expenditures relating to: (i) developmental expenses