As of September 30, 2024, Hong Yuan Holding Group reported total current liabilities of $182,433, reflecting an increase from $151,244 as of December 31, 2023. The company also recorded a total stockholders’ deficit of $(182,433), up from $(151,244) at the end of the previous fiscal year.

For the three months ended September 30, 2024, Hong Yuan's total operating expenses were $5,495, marking a significant decrease of 45.9% from $10,166 during the same period in 2023. The net loss for this quarter was $(5,495), an improvement compared to a net loss of $(10,166) in the third quarter of 2023.

In the nine-month period ending September 30, 2024, total operating expenses were reported at $31,189, slightly down from $31,419 for the corresponding period in 2023. The net loss for the nine months was $(31,189), compared to $(31,419) in the previous year, indicating a marginal improvement in financial performance.

Notably, the company has not generated any revenues during both the three and nine months ended September 30, 2024, and the same periods in 2023. As of the end of September 2024, Hong Yuan Holding Group had a cash balance of $0 and is primarily funded by its CEO and major shareholder. The company also reported a working capital deficit of $182,433, which raises substantial doubt about its ability to continue as a going concern.