Summary by Moomoo AI
Yoshiharu Global Co. (Yoshiharu) has reported its financial performance for the year ended December 31, 2023. The company's revenue stood at $9,214,779, with restaurant operating expenses totaling $8,850,385, resulting in a net restaurant operating income of $364,394. However, after accounting for general and administrative expenses, related party compensation, and other operating expenses, Yoshiharu experienced a loss from operations of $3,515,254. Other income, including loan forgiveness, partially offset the loss, leading to a net loss of $3,040,364 for the year. The company's total assets were valued at $13,019,364, with liabilities amounting to $10,365,885. Yoshiharu's stockholders' equity stood at $2,653,479. In terms of business development, Yoshiharu has expanded its operations with the addition of new subsidiaries, including Yoshiharu Clemente, Yoshiharu Laguna, Yoshiharu Ontario, Yoshiharu Menifee, and Yoshiharu Garden Grove, all of which are slated to open new ramen stores. The company's future plans include continued evaluation and improvement of corporate governance principles and policies, as well as the potential development of a stock options and/or warrants program.