As of September 30, 2024, Moveix Inc. reported significant financial challenges, including an accumulated deficit of $(486,390), which increased from $(421,414) as of December 31, 2023. The company's total current liabilities rose to $173,942, up from $114,465 in the previous fiscal period. The total stockholders’ deficit also expanded to $(173,942) from $(108,965) at the end of 2023.

For the three months ended September 30, 2024, Moveix Inc. recorded operating expenses of $13,951, compared to $8,867 for the same period in 2023. The net loss for this quarter was $(25,000), a substantial increase from $(8,879) in the prior year. For the nine months ended September 30, 2024, the net loss totaled $(64,977), compared to $(42,746) for the same period in 2023. The company also reported net cash used in operating activities of $(59,477) for the nine months ended September 30, 2024, compared to $(42,746) in the previous year.

The company has no cash on hand, raising concerns about its ability to continue as a going concern. Moveix is exploring alternative financing sources, including private placements and short-term loans, to address its working capital needs. Related party loans, which are interest-free demand loans from Cardone Ventures, increased to $173,942 as of September 30, 2024, from $114,465 at the end of 2023.

Moveix Inc. operates as a shell company focused on the wholesale purchase of electric transportation products, primarily hoverboards, electric bikes, and Segways, from Chinese manufacturers. The company initially targeted the European market and plans to expand into North America. The leadership has undergone changes, with Brandon Dawson serving as CEO since July 2, 2021, following the resignation of David Lazar.

The company has not yet identified a target for acquisition and is currently developing a business plan. Management intends to explore business opportunities within the U.S., including potential reverse mergers, although they anticipate that only one business combination may be feasible due to limited capital resources. The selection process for a business combination is expected to be complex and influenced by economic conditions.

As of the reporting date, Moveix Inc. had 87,230,654 shares outstanding and continues to face risks associated with its early-stage development and evolving business model. The company’s disclosure controls and procedures were deemed ineffective, with no material changes reported in internal controls over financial reporting during the nine months covered by this report.