Eva Live Inc

Previous wording

At March 31, 2024, and December 31, 2023, the Company had $1,504,365 and $472,509 cash to execute its business plan. At March 31, 2024, and December 31, 2023, the Company had accumulated a deficit of $23,985,950 and $24,176,091. The Company had a working capital surplus and deficit of $129,000 and $61,141 on March 31, 2024, and December 31, 2023.

Current wording

At June 30, 2024, and December 31, 2023, the Company had $1,338,247 and $472,509 cash to execute its business plan. At June 30, 2024, and December 31, 2023, the Company had accumulated a deficit of $24,346,311 and $24,176,091. The Company had a working capital surplus and deficit of $272,514 and $61,141 on June 30, 2024, and December 31, 2023.

Previous wording

At present, we generate all revenues from the principal-based model. The Company generated revenues of $2,236,950 and $345,813 for the three months ended March 31, 2024, and 2023. The rise in revenues was primarily driven by a growth in the Company’s customer base, expanding from seven (7) to nine (9) customers over the period ending March 31, 2024, and 2023. Additionally, this increase in revenue was further bolstered by the larger size of the contracts secured during the three months concluding on March 31, 2024. The Company incurred a net income and net loss of $190,141 and $108,114 in the three months ended March 31, 2024, and 2023.

Current wording

At present, we generate all revenues from the principal-based model. The Company generated revenues of $2,188,616 and $1,079,666 for the three months ended June 30, 2024, and 2023. The number of customers for the three months ending June 30, 2024 and 2023 were eight (8) to twelve (12) customers over the period ending June 30, 2024, and 2023. Additionally, this increase in revenue was further bolstered by the larger size of the contracts secured during the three months concluding on June 30, 2024. The Company incurred a net loss and net income of $360,361 and $480,526 in the three months ended June 30, 2024, and 2023.

Previous wording

During the three months ended March 31, 2024, and 2023, the Company incurred general & administrative costs (“G and A”) of $384,841 and $201,311, representing 17.20% and 58.21% of the respective quarterly revenue. During the three months ended March 31, 2024, and 2023, the Company spent $1,661,968 and $198,172 in buying media traffic, representing 74.31% and 57.31% of respective quarterly revenue. The increase in media traffic was due to service the increase in revenues for the three months ended March 31, 2024. During the three months ended March 31, 2024, and 2023, the amortization and depreciation expenses were $0 and $54,444.

Current wording

During the three months ended June 30, 2024, and 2023, the Company incurred general & administrative costs (“G and A”) of $588,447 and $141,695, representing 26.89% and 13.12% of the respective quarterly revenue. During the three months ended June 30, 2024, and 2023, the Company spent $1,954,051 and $403,000 in buying media traffic, representing 89.28% and 37.33% of respective quarterly revenue. The increase in media traffic was due to service the increase in revenues for the three months ended June 30, 2024. During the three months ended June 30, 2024, and 2023, the amortization and depreciation expenses were $0 and $54,444.

Previous wording

The Company’s rent expenses were $687 and $687 for the three months ended March 31, 2024, and 2023, respectively.

Current wording

The Company’s rent expenses were $687 and $687 for the three months ended June 30, 2024, and 2023, respectively. The rent expenses are included in the “G and A”.

Previous wording

At March 31, 2024, and December 31, 2023, the Company had $1,504,365 and 472,509 cash to execute its business plan. At March 31, 2024, and December 31, 2023, the Company had accumulated a deficit of $23,985,950 and $24,176,091. The Company had a working capital surplus and deficit of $129,000 and $61,141 on March 31, 2024, and December 31, 2023.

Current wording

At June 30, 2024, and December 31, 2023, the Company had $1,338,247 and 472,509 cash to execute its business plan. At June 30, 2024, and December 31, 2023, the Company had accumulated a deficit of $24,346,311 and $24,176,091. The Company had a working capital surplus and deficit of $272,514 and $61,141 on June 30, 2024, and December 31, 2023.

Previous wording

We have yet to generate significant revenues and cash flow from operations to cover our ongoing expenses. As of March 31, 2024, the Company had an accumulated deficit of $23,985,950. Our independent auditors included an explanatory paragraph in their report on the audited financial statements for the fiscal year ended December 31, 2023, and 2022, regarding concerns about our ability to continue as a going concern. Our financial statements contain additional note disclosures describing the circumstances that led to this disclosure by our independent auditors. Our financial statements do not include any adjustments related to the recoverability or classification of asset-carrying amounts or the amounts and classifications of liabilities that may result should the Company be unable to continue as a going concern.

Current wording

We have yet to generate significant revenues and cash flow from operations to cover our ongoing expenses. As of June 30, 2024, the Company had an accumulated deficit of $24,346,311. Our independent auditors included an explanatory paragraph in their report on the audited financial statements for the fiscal year ended December 31, 2023, and 2022, regarding concerns about our ability to continue as a going concern. Our financial statements contain additional note disclosures describing the circumstances that led to this disclosure by our independent auditors. Our financial statements do not include any adjustments related to the recoverability or classification of asset-carrying amounts or the amounts and classifications of liabilities that may result should the Company be unable to continue as a going concern.