As of September 30, 2024, Greenpro Capital Corp. reported total current assets of $2,500,623, a significant decrease from $3,662,601 as of December 31, 2023. Cash and cash equivalents also fell to $1,027,513 from $2,223,197 during the same period. Total assets decreased from $8,658,020 to $6,736,090, while total liabilities dropped from $2,321,381 to $1,870,365. Stockholders’ equity decreased from $6,336,639 to $4,865,725.

For the three months ended September 30, 2024, total revenue was $539,699, down from $1,070,972 in the same period of 2023. For the nine months, revenue decreased to $1,559,272 from $2,309,592. The decline in revenue was primarily attributed to a reduction in business services revenue, particularly from listing services, which fell from $1,160,354 to $221,500. Gross profit for the three months was $395,060, compared to $841,478 in 2023, while for the nine months, it decreased from $1,907,229 to $1,291,035.

The company reported a loss from operations of $(473,273) for the three months ended September 30, 2024, compared to $(136,545) in 2023. For the nine months, the loss from operations increased to $(1,548,606) from $(779,617). Net loss for the three months was $(330,320), up from $(120,994) in 2023, and for the nine months, it was $(1,168,983), a stark contrast to net income of $6,563,458 in the previous year.

The company recognized a gain on the disposal of investments of $127,617 for the three months and $324,917 for the nine months, with no corresponding figures in 2023. Other income for the three months was $11,630, compared to $9,953 in 2023, and for the nine months, it increased to $40,101 from $37,207.

In terms of strategic developments, Greenpro Capital Corp. acquired Global Business Hub Limited on June 6, 2024, for $100, aiming to develop a digital banking business in Malaysia. The company also completed the acquisition of the remaining 40% shares of Forward Win International Limited (FWIL) on April 15, 2024, making it a wholly owned subsidiary.

The company continues to face challenges, including an accumulated deficit of $37,707,535 and a net cash used in operations of $(1,191,874) for the nine months ended September 30, 2024. Management has indicated that the company's ability to continue as a going concern is in doubt, relying on existing shareholders or external financing to meet obligations.