Antiaging Quantum Living Inc. (formerly Achison Inc.) reported significant financial changes in its 10-Q filing for the period ending September 30, 2024. The company experienced a notable increase in revenue, with total revenues for the three months reaching $173,174, compared to $0 for the same period in 2023. For the six months ended September 30, 2024, revenues totaled $375,243, a substantial rise from $1,200 in the prior year. This increase is attributed to the launch of health and beauty product sales and technical operation support services, which generated $251,507 in revenue for the six-month period.

Despite the revenue growth, the company reported a net loss of $(197,746) for the three months and $(411,654) for the six months, compared to losses of $(24,378) and $(54,105) in the respective periods of 2023. The increase in net loss is primarily due to a significant rise in operating expenses, which totaled $356,569 for the three months and $772,406 for the six months, reflecting increases of 1362.67% and 1296.63%, respectively. The rise in expenses is attributed to higher rental costs, employee wages, benefits, and start-up costs associated with business expansion.

As of September 30, 2024, the company reported total assets of $797,254, down from $1,012,410 as of March 31, 2024. Total liabilities increased to $1,638,954 from $1,425,580, leading to a total shareholders’ deficit of $(841,700), compared to $(413,170) in the previous period. The accumulated deficit also rose to $(1,100,957) from $(689,303).

Cash and cash equivalents significantly decreased to $37,403 from $166,552, contributing to a working capital deficit that increased to $986,427 from $647,227. The company’s cash outflow from operating activities for the six months was $(223,158), compared to $(60,655) in the same period of 2023.

Management has indicated a commitment to implementing expense control measures and is exploring options for business combinations and additional working capital loans from the majority shareholder. The company faces substantial doubt about its ability to continue as a going concern due to these negative financial trends.