Company: AGGI
Filing Date: 2025-10-31
Form Type: 10-12G
Source: 0001683168-25-007875
Chunk: 57

Company: Allied Energy, Inc.
Filing Date: 2025-10-31
Form: 10-12G
Chunk 57
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 material respects, the financial position of the Company as of December 31, 2024
and December 31, 2023, and the results of its operations and its cash flows for the years ended December 31, 2024 and December 31, 2023,
in conformity with accounting principles generally accepted in the United States of America.

Substantial Doubt about the Company's ability to continue as a Going Concern

The accompanying financial statements have been
prepared assuming that the Company will continue as a going concern. According to Note 2, Going Concern to the consolidated financial
statements, the Company had a working capital deficit of $91,459, accumulated loss of $3,464,472, and incurred a net loss of $495,281
for the year ended December 31, 2024. As of December 31, 2023, the Company had an accumulated deficit of $2,969,191. These factors raises
substantial doubt about the Company’s ability to continue as a going concern. Management's plans regarding these matters are also
described in Note 2. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

Basis for Opinion

These financial statements are the responsibility
of the Company’s management. Our responsibility is to express an opinion on the Company’s financial statements based on our
audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are
required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and
regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the
standards of the PCAOB. Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial
statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged
to perform, an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding
of internal control over financial reporting, but not for the purpose of expressing an opinion on the effectiveness of the Company’s
internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess
the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond
to those risks. Such