5/5SOCIETY PASS INCORPORATED. (SOPAQ): Going-concern doubt

Market data

n/a: no price data available for SOPAQ.

Verified excerpt

"As shown in the financial statements, the Company has suffered a net loss of $10,237,297, working capital deficit of $8,754,740 and total shareholders' deficit of $2,412,705 as at December 31, 2024 that cast substantial doubt about its ability to continue as a going concern."

Quoted from the filing. Source

What this means

The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.

Going-concern opinion issued by: Onestop Assurance PAC
Source: independent auditor report in Form 10-K (period 2024-12-31)

Why this score: in auditor's report