Kashin, Inc. Reports Revenue Decline and Increased Net Losses for Three and Nine Months Ending January 31, 2025

Kashin, Inc. reported its financial results for the three and nine months ending January 31, 2025, revealing a significant decline in revenue and an increase in net losses compared to the previous fiscal period. The company generated no revenue during the three months ended January 31, 2025, a stark contrast to the $7,000 reported for the same period in 2024. For the nine-month period, total revenues were $120,000, up from $7,000 in the prior year. However, the company incurred total expenses of $162,819 for the nine months, leading to a net loss of $42,819, compared to a net loss of $52,841 for the same period in 2024.

The financial position of Kashin, Inc. has also changed notably, with total current assets increasing to $200,000 as of January 31, 2025, primarily due to a $200,000 investment in Starlife. In contrast, the company had only $126 in current assets as of April 30, 2024. Current liabilities rose significantly to $335,656, up from $97,988 in the previous fiscal period, largely due to an increase in other payables and the introduction of notes payable amounting to $125,000. The accumulated deficit has grown to $698,545, reflecting ongoing operational challenges.

Strategically, Kashin, Inc. has entered into a share exchange agreement with McConnell Technology LLP, which will result in McConnell Moran Technology Corporation becoming a wholly owned subsidiary of Kashin. This acquisition is intended to enhance the company's operational capabilities and market presence. The agreement involves the transfer of 85 million common shares of Kashin in exchange for 100% of the outstanding membership interests of McConnell Technology LLP. This move is part of the company's broader strategy to raise capital and expand its business operations.

Operationally, Kashin, Inc. has not reported any significant increases in customer counts or user engagement metrics, as the company is still in the development stage of its business model, which focuses on providing cooking tutorials. The company’s employee headcount remains unchanged, and it continues to rely on loans and advances from related parties to fund its operations. The company’s cash position has deteriorated, with cash balances dropping to zero as of January 31, 2025, compared to $13 at the same time last year.

Looking ahead, Kashin, Inc. faces substantial challenges, as indicated by its auditors' "going concern" opinion. The company has expressed that it will need to raise additional capital to continue its operations and implement its business plan. Without sufficient revenue generation, the company remains dependent on external financing and the successful execution of its strategic initiatives to ensure its viability in the coming months.