Awaysis Capital Files Q1 2025 10-Q

TL;DR

Awaysis Capital (AWCA) dropped its Q1 2025 10-Q. Financials are in.

AI Summary

Awaysis Capital, Inc. filed its 10-Q for the period ending September 30, 2024. The company, previously known as JV Group, Inc., ASPI, Inc., and ASPEON INC, is involved in operating nonresidential buildings. The filing details financial data for the first quarter of fiscal year 2025, comparing it to the same period in fiscal year 2024.

Why It Matters

This filing provides investors with a quarterly update on Awaysis Capital's financial performance and operational status, crucial for understanding its current business health and future prospects.

Risk Assessment

Risk Level: medium — As a publicly traded company filing a 10-Q, there are inherent risks associated with financial reporting and market performance, though no specific major risks are highlighted in this summary data.

Key Numbers

• Q1 2025 — Fiscal Quarter (Current reporting period)
• Q1 2024 — Fiscal Quarter (Prior comparable period)

Key Players & Entities

• Awaysis Capital, Inc. (company) — Filer of the 10-Q
• JV GROUP, INC. (company) — Former company name
• ASPI, INC. (company) — Former company name
• ASPEON INC (company) — Former company name
• 20240930 (date) — End of reporting period
• 20241119 (date) — Filing date

FAQ

Filing Documents

• form10-q.htm (10-Q) — 596KB
• ex31-1.htm (EX-31.1) — 12KB
• ex31-2.htm (EX-31.2) — 13KB
• ex32-1.htm (EX-32.1) — 7KB
• ex32-2.htm (EX-32.2) — 8KB
• form10-q_001.jpg (GRAPHIC) — 8KB
• 0001493152-24-046775.txt ( ) — 3731KB
• awca-20240930.xsd (EX-101.SCH) — 25KB
• awca-20240930_cal.xml (EX-101.CAL) — 41KB
• awca-20240930_def.xml (EX-101.DEF) — 120KB
• awca-20240930_lab.xml (EX-101.LAB) — 276KB
• awca-20240930_pre.xml (EX-101.PRE) — 225KB
• form10-q_htm.xml (XML) — 419KB

Signatures

Signatures 22 2 PART I Item 1. Financial Statements Awaysis Capital, Inc. Consolidated Balance Sheet September 30, 2024 June 30, 2024 (Unaudited) (Audited) ASSETS Current assets Cash $ 234,367 $ 745,991 Accounts receivable 59,161 4,284 Prepaid expenses 1,750 2,931 Inventory 7,357,103 10,594,936 Total current assets 7,652,381 11,348,142 Non-current assets Fixed assets, net 4,243,317 853,940 Operating lease right-of-use 243,987 261,564 Other non-current assets 19,500 19,500 Total non-current assets 4,506,804 1,135,004 Total Assets $ 12,159,185 $ 12,483,146 Liabilities and Stockholders' Equity Current liabilities: Accounts payable 128,720 98,200 Other current liabilities 124,815 75,356 Current portion of lease liability 89,261 89,003 Due to related parties $ 945,551 $ 653,417 Other current liabilities/Due to related parties $ 945,551 $ 653,417 Convertible note payable – related party 1,100,000 1,100,000 Notes payable 2,600,000 2,600,000 Total current liabilities 4,988,347 4,615,976 Operating lease liabilities 164,720 182,649 Total non-current liabilities 164,720 182,649 Total liabilities 5,153,067 4,798,625 Stockholders' equity: Preferred stock - 25,000,000 shares authorized $ 0.01 par value none issued and outstanding at September 30, 2024 and June 30, 2024, respectively - - Common stock – 1,000,000,000 shares authorized $ 0.01 par value issued and outstanding common shares at September 30, 2024 and June 30, 2024 were 383,996,054 and 383,958,598 , respectively 3,839,961 3,839,586 Common stock subscribed – $ 0.01 par value subscribed common shares at September 30, 2024 and June 30, 2024 were 943,000 and 943,000 , respectively 9,430 9,430 Additional paid-in capital 17,400,169 17,384,873 Accumulated deficit ( 13,300,442 ) ( 12,606,368 Subscription receivable ( 943,000 ) ( 943,000 ) Total stockholders' equity 7,006,118 7,684,521 To

View Full Filing

View this 10-Q filing on SEC EDGAR