Born, Inc. 2021 10-K Report Review

Introduction

Born, Inc., formerly known as Quture International, Inc., is a Nevada-based corporation that was initially formed to become a healthcare knowledge solution company. The company aimed to transform health and healthcare by developing standards for measuring clinical performance and outcomes. However, over the years, Born, Inc. has undergone several transformations and is currently a dormant shell company with no active operations or revenue.

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Business Overview

Born, Inc. was originally established to develop medical software with tools and analytics intended to reduce costs while improving clinical performance, outcomes, predictive insight, and evidence-based best clinical processes. However, the company has been dormant for several years, with no active business operations or revenue generation.

In 2020, the company underwent a series of changes, including a name change from Quture International, Inc. to Born, Inc., and a reverse stock split. The company also entered into a share exchange agreement with Alkeon Creators, Inc., a UK corporation, but the transaction was voided and written off in February 2021. As a result, Born, Inc. is currently a dormant shell company with no active business operations.

Financial Performance

Balance Sheet

As of December 31, 2021, Born, Inc. reported total assets of $0 and total liabilities of $4,144, resulting in a stockholders' deficit of $4,144. The company has no tangible assets or revenue-generating operations, and its liabilities primarily consist of accounts payable.

Income Statement

For the year ended December 31, 2021, Born, Inc. reported no revenue and a net loss of $87,668,351. The significant loss was primarily due to an impairment of goodwill amounting to $87,670,010, which was recorded following the voided transaction with Alkeon Creators, Inc.

Cash Flow Statement

The company's cash flow statement indicates no cash flow from operating, investing, or financing activities for the year ended December 31, 2021. The company has no cash or cash equivalents, and its operations are currently being funded by interest-free demand loans from related parties.

Risk Factors

Born, Inc. is a dormant shell company with no active business operations or revenue generation. The company faces significant risks, including its ability to continue as a going concern. The independent registered public accounting firm expressed substantial doubt about the company's ability to continue as a going concern due to recurring losses and a significant accumulated deficit.

Additionally, the company has no formal business plan or strategy for generating revenue or profits. Management intends to explore and identify viable business opportunities, including potential acquisitions or reverse mergers, but there is no assurance that these efforts will be successful.

Conclusion

Born, Inc. is currently a dormant shell company with no active business operations or revenue generation. The company faces significant financial challenges, including a substantial net loss and a stockholders' deficit. The company's ability to continue as a going concern is uncertain, and it will need to secure additional funding to sustain its operations.

Given the company's current financial position and lack of active business operations, Born, Inc. presents a high-risk investment opportunity with limited potential for immediate returns. Investors should exercise caution and consider the significant risks associated with investing in a dormant shell company.

Investment Score

Based on the analysis of Born, Inc.'s 2021 10-K report, the company receives an investment score of 2.0 out of 10. This score reflects the company's high-risk profile, lack of active business operations, and uncertain financial future.