Company: DKI
Filing Date: 2025-07-29
Form Type: F-1/A
Source: 0001641172-25-021310
Chunk: 107

Company: DarkIris Inc.
Filing Date: 2025-07-29
Form: F-1/A
Chunk 107
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 entity that serves as credit, liquidity or market risk support to such entity. Moreover, the Company does not have any variable interest in any unconsolidated entity that provide financing, liquidity, market risk or credit support to or engages in hedging services with the Company.

Capital Resources.The primary drivers and material factors impacting liquidity and capital resources include ability to generate sufficient cash flows from operations and financial support from shareholders, as well as proceeds from equity and debt financing, to ensure future growth and expansion plans.

Working Capital.Total working capital as of September 30, 2024 amounted to approximately $0.9 million, compared to a negative $2.9 million approximately as of September 30, 2023. The increase in working capital was mainly caused by increase in cash and accounts receivable, and reduction of amount due to related parties.

Capital Needs.The Company’s capital needs include daily working capital needs and capital needs to finance the development of business. Management believes that income generated from current operations can satisfy daily working capital needs over the next 12 months. The Company may also raise additional capital through public offerings or private placements to finance business development and to consummate any merger or acquisition, if necessary.

We believe our current liquidity position, along with projected positive operating cash flows and a recent capital contribution of $0.57 million, provides a strong foundation to support our ongoing operations and strategic objectives. Our business has demonstrated stable cash generation capabilities, and we expect to remain cash-flow positive in the foreseeable future.

As our cash position improves, we intend to allocate additional resources to the continued development and enhancement of our game products. These investments will enable us to expand our content offerings and strengthen our market position over time.

We are confident that our available cash, combined with disciplined cost management and ongoing revenue from our core business, will be sufficient to meet our operational needs and support future product investment in the long-term. As of the date of this filing, we have not identified any material uncertainties that raise substantial doubt about our ability to continue as a going concern.

Cash flows

For the years ended September 30, 2024 and 2023

The following table sets forth a summary of our cash flows in FY2024 and FY2023, respectively.

|                                                     |     | For the Financial Years ended September 30, |    2024 |   |     |   |       2023 |   |
|:----------------------------------------------------|:----|:--------------------------------------------|--------:|:--|:----|:--|-----------:|