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INNO Holdings, a Texas-based construction products and services company, reported a challenging financial year, with a net loss of $4,023,204 for the fiscal year ended September 30, 2023. This represents a significant increase in losses compared to the previous year's net loss of $1,130,007. The company's total revenues plummeted to $799,747, a stark decrease from the $4,502,568 reported in the prior year. The financial statements also highlighted a substantial bad debt expense of $1,267,960, which was not present in the previous year. Despite these setbacks, INNO Holdings completed a reverse acquisition under common control, acquiring Inno Metal Studs Corp. (IMSC) and making it a wholly-owned subsidiary. The company's future plans include efforts to increase revenue-generating operations and seeking additional financing to...Show More
INNO Holdings, a Texas-based construction products and services company, reported a challenging financial year, with a net loss of $4,023,204 for the fiscal year ended September 30, 2023. This represents a significant increase in losses compared to the previous year's net loss of $1,130,007. The company's total revenues plummeted to $799,747, a stark decrease from the $4,502,568 reported in the prior year. The financial statements also highlighted a substantial bad debt expense of $1,267,960, which was not present in the previous year. Despite these setbacks, INNO Holdings completed a reverse acquisition under common control, acquiring Inno Metal Studs Corp. (IMSC) and making it a wholly-owned subsidiary. The company's future plans include efforts to increase revenue-generating operations and seeking additional financing to support ongoing research and development, as well as other operations. The company's ability to continue as a going concern is dependent on generating sufficient cash flows or obtaining further financing, which is not guaranteed. The financial statements have been prepared on a going concern basis, which contemplates asset realization and liability settlement in the normal course of business.
总部位于德克萨斯州的建筑产品和服务公司INNO Holdings报告了艰难的财政年度，截至2023年9月30日的财年净亏损为4,023,204美元。与上一年的净亏损1,130,007美元相比，亏损显著增加。该公司的总收入暴跌至799,747美元，较去年公布的4,502,568美元大幅下降。财务报表还强调了1,267,960美元的巨额坏账支出，这在去年没有出现。尽管遇到了这些挫折，但INNO Holdings仍在共同控制下完成了反向收购，收购了Inno Metal Studs Corp.（IMSC），使其成为全资子公司。该公司的未来计划包括努力增加创收业务，寻求额外融资以支持正在进行的研发以及其他业务。公司继续经营的能力取决于能否产生足够的现金流或获得进一步的融资，而这并无保障。财务报表是在持续经营的基础上编制的，其中考虑了正常业务过程中的资产变现和负债结算。
总部位于德克萨斯州的建筑产品和服务公司INNO Holdings报告了艰难的财政年度，截至2023年9月30日的财年净亏损为4,023,204美元。与上一年的净亏损1,130,007美元相比，亏损显著增加。该公司的总收入暴跌至799,747美元，较去年公布的4,502,568美元大幅下降。财务报表还强调了1,267,960美元的巨额坏账支出，这在去年没有出现。尽管遇到了这些挫折，但INNO Holdings仍在共同控制下完成了反向收购，收购了Inno Metal Studs Corp.（IMSC），使其成为全资子公司。该公司的未来计划包括努力增加创收业务，寻求额外融资以支持正在进行的研发以及其他业务。公司继续经营的能力取决于能否产生足够的现金流或获得进一步的融资，而这并无保障。财务报表是在持续经营的基础上编制的，其中考虑了正常业务过程中的资产变现和负债结算。
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