Yoshiharu Global Co. Reports Increased Liabilities and Net Loss for 2024

authorIntellectia.AI2024-11-20
4
YOSH.O
Illustration by Intellectia.AI

Yoshiharu Global Co. has released its unaudited consolidated financial statements for the nine months ending September 30, 2024. The company reported total liabilities amounting to $17,711,882, compared to $10,365,885 in the previous year. Current liabilities increased to $5,895,057 from $3,269,070. The company also reported a net loss of $3,203,137 for the nine-month period, compared to a net loss of $3,048,961 in the same period in 2023. Revenue from food and beverage sales rose to $9,152,530 from $6,714,429. However, restaurant operating expenses also increased, totaling $8,746,360, up from $6,568,160. Despite the rise in revenue, the company faced a loss from operations amounting to $2,768,309. Cash flows from operating activities yielded a positive $1,164,719, while cash used in investing activities was $2,237,042. Financing activities provided a net cash inflow of $1,322,061. The company's cash position at the end of the period stood at $1,712,064, down from $2,155,057 at the end of September 2023.

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