Going concern
Filing comparison
Aphoenity International Holdings 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.
Management believes the Company is currently pursuing additional financing for its operations. However, there is no assurance that the Company will be successful in securing sufficient funds to sustain the operations. These and other factors raise substantial doubt about the Company’s ability to continue as a going concern. If we cannot raise additional funds, we will have to cease business operations. As a result, our common stock investors might lose all of their investment. The following table sets forth cash flow data for the years ended December 31, 2024 and 2023: Years ended December…
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
- 2025-04-02
- Prior form
- 10-K
- Registrant changed from
- Luduson G Inc.
- 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.