3/5SOCIETY PASS INCORPORATED. (SOPAQ): Going-concern doubt

Market data

n/a: no price data available for SOPAQ.

Verified excerpt

"As shown in the consolidated financial statements, the Company has suffered loss for period of $ 1,293,264 , working capital deficit of $ 3,911,131 and accumulated deficit of $ 111,488,907 as of June 30, 2025 that raise 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.

Source: management disclosure in Form 10-Q (period 2025-06-30)

Why this score: quarterly (unaudited) disclosure