Company: DKI
Filing Date: 2025-06-13
Form Type: F-1
Source: 0001641172-25-015001
Chunk: 91

Company: DarkIris Inc.
Filing Date: 2025-06-13
Form: F-1
Chunk 91
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 from two gaming platforms, which have more targeted gamers and did not require additional advertising, the Company could therefore reduce spending on advertising and promotional expenses with these gaming platforms. Platforms such as Apple and Google are comprehensive platforms that require advertising expenses to acquire gamers.

General and administrative expenses

General and administrative expenses increased by approximately $16,055, or 3.7%, to approximately $0.45 million for the six months ended March 31, 2025 from approximately $0.43 million for the same period of last year. The increase was mainly attributable to expenses incurred in the preparation of initial public offering.

Other income (expenses)

Other income (expenses) mainly related to bank charges, foreign exchange losses and other miscellaneous income. Other income increased by $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