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Saturday, August 12, 2023 8:49:42 AM
Going Concern
The financial statements attached to this Offering Circular have been prepared assuming that the company will continue as a going concern which contemplates, among other things, the realization of assets and the satisfaction of liabilities in the normal course of business. For the 12 months ended December 31, 2022, the Company has incurred a net loss of $57,070 from operations. It used cash in operations of $49,004. We had an accumulated deficit of $33,751,390 as of December 31, 2022
From the 1-A released over a week ago:
"Following the acquisition, Mekaddesh Group became a subsidiary of JPEX"
"Mekaddesh Group´s Net revenue in 2022 was $1,984,947 which was increased by 345% over $445,745 in 2021. Gross Profit. The gross profit in 2022 was $1,144,707”.
These are some pretty absurd clerical errors. From stating having a profit of $1,114,707 in 2022 to then stating a net loss of $57,070 in 2022 over the course of releasing the 1-A and 1-A/A within about 10 days of each other.
Recent JPEX News
- Form QUALIF - Notice of Qualification [Regulation A] • Edgar (US Regulatory) • 10/02/2023 04:15:09 AM
- Form 1-A/A - Offering Statement [Regulation A]: [Amend] • Edgar (US Regulatory) • 09/28/2023 03:54:46 PM
- Form 1-A/A - Offering Statement [Regulation A]: [Amend] • Edgar (US Regulatory) • 09/12/2023 06:32:39 PM
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