5/5TransparentBusiness, Inc.: Going-concern doubt

Market data

n/a: no ticker symbol on the filing.

Verified excerpt

"Our independent registered public accounting firm for the fiscal years ended December 31, 2024 and 2023, included an explanatory paragraph in their opinion that accompany our audited consolidated financial statements as of and for the years ended December 31, 2024 and 2023, indicating that our current liquidity position raises substantial doubt about our 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-K (period 2024-12-31)

Why this score: also within 90 days: Late quarterly report (NT 10-Q)