4/5GUOCHUN INTERNATIONAL INC. (GCGJ): Going-concern doubt

Market data

n/a: no price data available for GCGJ.

Verified excerpt

"As of June 30, 2024, the Company had cash of $ 0 and negative working capital of $ 45,124 . For the six months ended June 30, 2024, the Company had no revenues and incurred a net loss of $ 17,097 . These factors raise substantial doubt regarding the Company`s 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 2024-06-30)

Why this score: quarterly (unaudited) disclosure; also within 90 days: Auditor change