Company: DKI
Filing Date: 2025-08-11
Form Type: 424B4
Source: 0001641172-25-022921
Chunk: 93

Company: DarkIris Inc.
Filing Date: 2025-08-11
Form: 424B4
Chunk 93
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 $18,632, or 3,014.9%, to other income of $18,014 for the six months ended March 31, 2025 from other expenses of $618 for the same period of last year. The increase was mainly attributable to singular instance of marketing and promotion services provided to a customer.

Income tax expenses

For the six months ended March 31, 2025 and 2024, our income tax expense was approximately $0.1 million and $0.1 million, respectively. The income tax expenses were as a result of taxable income from operations.

Net income

As a result of the foregoing, net income was approximately $0.9 million for the six months ended March 31, 2025, an increase of approximately $0.2 million from net income of approximately $0.7 million for the six months ended March 31, 2024.

Liquidity and Capital Resources

As of March 31, 2025, the Company had cash of approximately $58,490.

In assessing liquidity, management monitors and analyzes our cash on-hand, ability to generate sufficient revenue sources in the future, and operating and capital expenditure commitments.

As of March 31, 2025, the Company had working capital of approximately $2.4 million. The Company’s working capital requirements are influenced by the level of operations, revenue generated from mobile digital games, costs and expenses controlled, encashment of accounts receivable.

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The Company intends to finance future working capital requirements and capital expenditures from cash generated from operating activities and funds raised from financing activities. The Company may, however, require additional cash due to changing business conditions or other future developments, including any investments or acquisitions that the Company may decide to pursue. With the financial support from shareholders, the Company believes that the current cash together with cash generated from operating activities and financing activities will be sufficient to meet the present anticipated working capital requirements and capital expenditures. If existing cash is insufficient to meet requirements, the Company may seek to issue debt or equity securities or obtain additional credit facilities. Financing may be unavailable in the amounts the Company’s need or on terms acceptable to the Company, if at all. Issuance of additional equity securities, including convertible debt securities, would dilute earnings per share. The incurrence of debt would divert cash for working capital and capital expenditures to service debt obligations and could result in operating and financial covenants that restrict operations and ability to pay dividends to shareholders. If the Company is unable to