Jiuzi Holdings (JZXN) has released an update.
Jiuzi Holdings, Inc. reports a substantial increase in total assets, from $11.39 million to $56.22 million, between October 31, 2023, and April 30, 2024, according to their unaudited consolidated balance sheets. Despite this, the company has experienced a gross loss in operations and a significant rise in accumulated deficit, indicating financial challenges. The balance between liabilities and shareholder equity has shifted profoundly, with total equity jumping from $4.3 million to over $50 million in the same period.
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