General Enterprise Ventures Inc (GEVI)

[SYTI]

"potential this company has"

well best they don't lose their ONE customer, only one buying last 2 years
Hope their lender has deep pockets, they leave its over !

Purchases
During the nine months ended September 30, 2023, one supplier represented 96% of our purchase compared to one supplier representing 97% of our purchase for the nine months ended September 30, 2022.

As of September 30, 2023, , the Company was obliged to related parties, for unsecured, non-interest-bearing demand loans with a balance of $1,407,681 .

Cash Flows from Operating Activities

We have not generated positive cash flows from operating activities. For the nine months ended September 30, 2023, net cash flows used in operating activities was $819,936, consisting of a net loss of $9,732,672, reduced by stock-based compensation of $8,966,850, non-cash lease expenses of $52,058, depreciation $871 and increased by changes in operating assets and liabilities of $107,043.

Operating Expenses
Operating expenses consisted of $189,508 cash paid for professional fees and $146,562 for general and administrative expenses and non-cash stock-based compensation of $8,820,000 in the three months ended September 30, 2023.