Yale Transaction Finders, Inc. reported a net loss of $42,352 for the fiscal year ending December 31, 2024, compared to a net loss of $38,310 in the previous year. The company did not generate any revenue during either fiscal year, reflecting its ongoing status as a shell company with no active business operations. Operating expenses increased to $37,007 in 2024 from $35,275 in 2023, primarily due to higher general and administrative costs and increased interest expenses, which rose to $5,345 from $3,035.
The company's financial position has deteriorated, with a working capital deficit of $126,957 as of December 31, 2024, compared to a deficit of $84,605 the previous year. Yale Transaction Finders had cash reserves of $11,167 at the end of 2024, up from $2,601 in 2023. The accumulated deficit has also increased to $1,357,220, up from $1,314,868 in the prior year. The company continues to rely on loans from its principal shareholders, with outstanding loans totaling $118,500 as of December 31, 2024.
Strategically, Yale Transaction Finders has not made any significant acquisitions or product launches, as its current business plan focuses on identifying potential target businesses for acquisition. The company has expressed intentions to seek opportunities that demonstrate long-term growth potential, although it acknowledges the challenges posed by its limited capital and the competitive landscape. The company has no employees and operates with minimal overhead, utilizing office space provided by its legal counsel.
Looking ahead, the company faces substantial doubt regarding its ability to continue as a going concern, as it has not generated revenue since its inception. Management believes that continued financial support from its majority shareholder will be necessary to meet its obligations and pursue future business opportunities. However, there is no guarantee that such funding will be available, and the company has not established a timeline for when it may complete a business combination or generate revenue. The financial statements reflect this uncertainty, as they do not include adjustments that might result from the outcome of these conditions.
About Yale Transaction Finders, Inc.
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