brooqLy Inc

Previous wording

At March 31, 2024, we had a working capital deficit of approximately $315,106. Our current liquidity resources are insufficient to fund the anticipated level of operations for at least the next 12 months from the date these condensed financial statements were issued. As a result, there is substantial doubt regarding our ability to continue as a going concern.

Current wording

At June 30, 2024, we had a working capital deficit of approximately $328,698. Our current liquidity resources are insufficient to fund the anticipated level of operations for at least the next 12 months from the date these condensed financial statements were issued. As a result, there is substantial doubt regarding our ability to continue as a going concern.

Previous wording

Our operating expenses totaled $90,935 and $134,838 for the three months ended March 31, 2024, and March 31, 2023, respectively. The $43,903 decrease in operating expenses is primarily attributable to a decrease in advertising and marketing expenses.

Current wording

Our operating expenses totaled $165,748 and $169,490 for the six months ended June 30, 2024, and June 30, 2023, respectively. The $3,920 decrease in operating expenses is primarily attributable to a decrease in marketing expenses.

Previous wording

We had interest expense of $4,750 and $0 for the three and three months ended March 31, 2024, and March 31, 2023, respectively. The interest expense is due from the Convertible Note and the Promissory Note we entered into as of July 22, 2023.

Current wording

We had interest expense of $145,654 and $0 for the three months and $150,404 and $0 for the six months ended June 30, 2024, and June 30, 2023, respectively. The interest expense is directly attributable to the conversion of the two Convertible Notes and the Promissory Note that were converted on April 19, 2024

Previous wording

At March 31, 2024, we had a working capital deficit of $315,106. Our current liquidity resources are insufficient to fund our anticipated level of operations. As a result, there is substantial doubt regarding our ability to continue as a going concern. Our ability to continue operations depends on our ability to generate and grow revenue as well as access capital markets when necessary to fund strategic objectives. We expect to continue to incur losses in the immediate future and will need additional equity or debt financing until we can achieve profitability and positive cash flows from operating activities. There is no assurance that the Company will be successful in any capital-raising efforts that it may undertake to fund operations and implement our business plan in the future.

Current wording

At June 30, 2024, we had a working capital deficit of $328,698. Our current liquidity resources are insufficient to fund our anticipated level of operations. As a result, there is substantial doubt regarding our ability to continue as a going concern. Our ability to continue operations depends on our ability to generate and grow revenue as well as access capital markets when necessary to fund strategic objectives. We expect to continue to incur losses in the immediate future and will need additional equity or debt financing until we can achieve profitability and positive cash flows from operating activities. There is no assurance that the Company will be successful in any capital-raising efforts that it may undertake to fund operations and implement our business plan in the future.

Previous wording

Net Cash Used in Operating Activities.

Current wording

Net Cash Provided/Used in Operating Activities.

Previous wording

During the three months ended March 31, 2024, and March 31, 2023, our net cash used from operating activities was $20,990 and $46,028, respectively. The $25,038 decrease is mainly due to the reduction in advertising and marketing expenses. Our primary uses of funds in operations were payments made for legal and professional fees.

Current wording

Net cash flow provided by operating activities was $80,471 for the six months ended June 30, 2024, compared to cash flow of $148,575 used in operating activities during the six months ended June 30, 2023. The increase is mainly due to shares issued for loans and interest. Our primary uses of funds in operations were payments made for legal and professional fees.

Previous wording

For the three months ended March 31, 2024, and March 31, 2023, our net cash used from investment activities was $58,000 and $0, respectively.

Current wording

For the six months ended June 30, 2024, and June 30, 2023, our net cash used from investment activities was $90,440 and $0, respectively.

Previous wording

As of March 31, 2024, net cash provided by financing activities was $80,000 from a Promissory Note and as of March 31, 2023, $80,000 was received from shares issued for cash.

Current wording

As of June 30, 2024, net cash provided by financing activities was $10,000 from a Promissory Note. As of June 30, 2023, net cash provided by financing activities was $100,000 received from shares issued for cash, $30,000 received from a Note payable and $25,000 received from a Promissory note, a total of $155,000.

Previous wording

Our total indebtedness at March 31, 2024 was $346,321, all of which are considered current liabilities. Current liabilities consist primarily of accounts payable, payroll payable, due to related party and notes payable.

Current wording

Our total indebtedness at June 30, 2024 was $358,934, all of which represent current liabilities. Current liabilities consist primarily of accounts payable, payroll payable, due to related party and notes payable.

Previous wording

At March 31, 2024, we had $31,216 of current assets and our working capital deficit was $315,106.

Current wording

At June 30, 2024, we had $30,237 of current assets and our working capital deficit was $328,698.