Replies to post #26058 on Full Alliance Group Inc. (FAGI)

[ORCA]

FAGI.008 Q1 OUT.CHECK NUMBERS.BIG REVENUES FOR JUST Q1.
ASSETS UP BIGLY.LIABILITIES DOWN.SHARE HOLDERS EQUITY UP.
CASH UP.AND OVER $10,378.645. The net operating loss carryforwards maybe used to reduce taxable income through the year 2039,
TOTAL ASSETS $ 2,852,948 VS $ 1,825,604=UP OVER $1 MILLION.IN ASSETS
Total Current Liabilities $504,362 VS $700,054=DOWN OVER $200,000.00.
Total stockholder's equity $1,171,418 VS $ 669,968=EQUITY UP 80%.
Q1 REVENUE BELOW.
Revenue FOR Q1 IS $ 633,219 $ VS ZERO REVENUES FOR Q1 2022.
Cash at End of Period $ 199,998
Through March 31, 2023, the Company incurred net operating
losses for income tax purposes of approximately $10,378.645. The net operating loss carryforwards maybe used to
reduce taxable income through the year 2039, subject to limitations pursuant IRC Section 382. The net deferred tax
asset balance due to net operating loss carryforward as of March 31, 2023, was approximately $2,179,515. A 100%
valuation allowance has been established against the deferred tax asset, as the utilization of the loss carryforward
cannot reasonably be assured.

[shazamm]

Obviously, the Increase was necessary to keep growing, adding assets with revenue. No news flash there! Yes, a reverse may be necessary, at some point, but far more than likely that’s a couple of years away! And when/if they go that route it’ll very likely also be to get price to a point where the company can jump to Nasdaq! Doubt they’re doing all this to stay anywhere near otc land. Just my opinion….