Company: RMSGW
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001641172-25-021609
Chunk: 125

Company: Real Messenger Corp
Filing Date: 2025-07-31
Form: 20-F
Item: Item 19
Chunk 125
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 is currently evaluating the impact that the adoption of these standards will have on its consolidated financial
statements.

The
Company has reviewed all recently issued, but not yet effective, accounting pronouncements and does not believe the future adoption of
any such pronouncements may be expected to cause a material impact on its financial condition or the results of its operations.

3. GOING CONCERN UNCERTAINTIES

The accompanying consolidated financial statements
have been prepared assuming that the Company will continue as a going concern. The
Company suffered from continuous losses from operations since its inception and reported its accumulated deficit of $ 20.1 March 31, 2025. For the year ended
March 31, 2025, the Company still did not generate any revenues from the launch of its online platform.

The Company’s ability to continue as a going concern is dependent
upon its ability to successfully execute its business
plans including, generating
revenue, controlling operating costs and expenses to achieve positive operating cash flows, and securing funding from external
sources to support positive financing cash flows. As of March 31, 2025, the Company’s bank balance was $2.6million, which can fully cover the current liabilities of $0.2million.

The Company also intends to continue to raise
additional capital through private placements of debt and equity securities, but there can be no assurance that these funds will be available
on terms acceptable to the Company, or will be sufficient to enable the Company to fully complete its development activities or sustain
operations. If the Company is unable to raise sufficient additional funds, it will have to develop and implement a plan to these uncertainties,
which includes pursuing strategic financing opportunities, optimizing costs, and accelerating revenue generation through expanded commercial
partnerships. If the Company unable to improve profitability, then the Company shall
rely on the financial support from its controlling shareholder. The Company believes
that these initiatives, if successfully executed, will enable the Company to continue operating and meet its obligations as they become
due.

These and other factors raise substantial doubt about the Company’s ability to continue as a going concern within one year after
the date that financial statements are issued. These financial statements do not include any adjustments to reflect the possible future
effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the outcome
of these uncertainties.

4. BUSINESS
COMBINATION AND REVERSE RECAPITALIZATION

On
March 27, 2023, Nova SPAC entered