Persistent Cash BurnConsistent negative operating cash flow (~-1.07M TTM) shows the business is not self-funding. Over months this forces reliance on external capital, increases dilution or interest burden risk, constrains reinvestment, and is a structural headwind until operations generate sustained positive cash.
Tiny Revenue BaseA TTM revenue base of roughly $37.9k is too small to support scalable margins typical of asset managers. Low top-line scale limits operating leverage, makes fixed costs proportionally heavier, and magnifies execution risk; achieving durable profitability requires meaningful and sustained revenue growth.
Ongoing Capital ErosionEquity has materially declined and ROE is negative (~-11.8%), signaling capital erosion from sustained losses. This weakens the balance sheet over time, raises concerns about solvency and investor confidence, and increases the likelihood of future financing or dilutive measures if losses persist.