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MANAGEMENT’S PLAN
 9 Months Ended
Sep. 30, 2025
Managements Plan  
MANAGEMENT’S PLAN

NOTE 2. MANAGEMENT’S PLAN

 

Although the Company incurred net losses after taxes of $742 for the nine months ended September 30, 2025, and $594 and $740 for the years ended December 31, 2024 and 2023, respectively, management has evaluated whether these conditions or events raise substantial doubt about the Company’s ability to continue as a going concern for at least the 12 months following the issuance of these financial statements. Based on this assessment, management believes it is probable the Company will continue as a going concern and meet its financial obligations through November 30, 2026, thereby alleviating substantial doubt. This conclusion reflects management’s view that the Company has sufficient liquidity and working capital resources to fund operations for at least the next 52 weeks, as well as the ability to take actions, if necessary, to align costs with revenue fluctuations. This assessment is based on the following key factors:

 

  ● Cash Flow Forecast: Management has prepared a 52-week cash flow forecast from November 14, 2025, which projects sufficient cash and working capital to fund operations.
  ● Reduction in Legal Fees: Legal expenses related to non-operational activities are expected to continue decreasing in 2025 and 2026.
  ● Collection of Notes Receivable: Management anticipates that notes receivable from related parties will be settled through a combination of cash and stock, providing additional liquidity and potential access to capital markets over next several months.
  ● Client Financing Arrangement: A financing arrangement through JPMorgan for one of the Company’s largest clients has begun to expedite the cash conversion cycle. This acceleration in cash flow will ensure more cash is on hand to meet our obligations.
  ● Factoring Availability: As of November 11, 2025, the Company had access to additional borrowing under its factoring facility of up to 93% of unfactored invoices, totaling approximately $1,553.