Going concern
Filing comparison
ABUNDIA GLOBAL IMPACT GROUP, INC. disclosed substantial doubt about its ability to continue as a going concern in its first report following a change of registrant
The prior filing was made by a different business under the same CIK, so this is a new disclosure rather than a change.
Going Concern For the years ended December 31, 2025 and 2024, we had a net loss of approximately $29,460,935 and approximately $3,621,948, respectively, and will require additional capital in order to operate in the normal course of business and fund operating activities. Based on the Company’s current projections, management believes there is substantial doubt about its ability to continue to operate as a going concern and fund its operations through at least the next twelve months following the issuance of these consolidated financial statements. Critical Accounting Estimates and Policies…
Evidence
- Blank check
- No
- Caveat
- The prior filing was made by a different business under the same CIK, so this is a new disclosure rather than a change.
- Comparable
- No
- Current state
- substantial_doubt
- Current state label
- Substantial doubt about ability to continue as a going concern
- Direction
- not comparable
- Located in
- going-concern note
- Prior filed
- 2025-04-30
- Prior form
- 10-K/A
- Registrant changed from
- HOUSTON AMERICAN ENERGY CORP
- Source
- ASC 205-40 going-concern note comparison
- Why
- Disclosure about the company's ability to continue as a going concern changed compared with its previous report.