TGCB · Tego Cyber, Inc.
$0.03
At close · Sep 2
Going-concern doubt
— flagged May 17, 2024
Substantial doubt about the company's ability to continue as a going concern.
“As of March 31, 2024, we have a working capital deficit of $432,247, and negative cash flow from operations of $673,962. We have $69,284 cash and our burn rate is approximately $70,000 per month. We intend to fund future operations through equity financing arrangements. Our ability to realize our business plan is dependent upon, among other things, obtaining additional financing to continue operations, and development of our business plan. In response to these problems, management intends to raise additional funds through debt, public or private placement offerings. These factors, among others, raise substantial doubt about our ability to continue as a going concern. The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty.”View the 10-Q filed May 17, 2024
Market Cap
$2.11M
Shares
76.09M
Private capital raises reported to the SEC on Form D under Regulation D, showing the offering size, amount sold, minimum investment and number of investors. Public operating companies rarely raise capital this way, so this page is often empty.