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

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.