Company: STRG
Filing Date: 2025-09-08
Form Type: 10-Q
Source: 0001640334-25-001648
Chunk: 28

Company: STARGUIDE GROUP, INC.
Filing Date: 2025-09-08
Form: 10-Q
Item: Part I, Item 2
Chunk 28
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 six months ended July 31, 2025 compared with net cash used in operating activities of $38,218 during the six months ended July 31, 2024.

During the six months ended July 31, 2025, the net cash used in operating activities was attributed to net loss of $30,941 reduced by depreciation of $300 and net changes in operating assets and liabilities of $4,695.

During the six months ended July 31, 2024, the net cash used in operating activities was attributed to net loss of $39,831 reduced by depreciation of $288 and net changes in operating assets and liabilities of $1,325.

Investing Activities

We did not have any investing activities during the six months ended July 31, 2025 and 2024.

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Financing Activities

During the six months ended July 31, 2025 and 2024, net cash from financing activities was $29,550 and $38,576, respectively. During the six months ended July 31, 2025, we received proceeds from issuance of convertible note to a non-affiliate of $27,900 and proceeds from related parties of $1,650. During the six months ended July 31, 2024, we received proceeds from issuance of convertible note to a non-affiliate of $36,976 and proceeds from related parties of $1,600.

Going Concern

As reflected in the accompanying consolidated financial statements, the Company’s current liabilities exceeded its current assets by $379,725, has an accumulated deficit of $373,442 and shareholders’ deficit of $378,458 as of July 31, 2025. For the six months ended July 31, 2025, the Company suffered a net loss of $30,941 and negative operating cash flow of $25,946. 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 amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

Management believes that the current actions to obtain additional funding and implement its strategic plans provide the opportunity for the Company to continue as a going concern. There are no assurances that additional funds will be available when needed from