Carriage House Event Center, Inc. 2024 Annual Report Review

Introduction

Carriage House Event Center, Inc. has filed its 2024 annual report, providing insights into its business operations, financial performance, and future prospects. This review will delve into the key aspects of the report, focusing on the company's business model, financial health, risk factors, and overall investment potential.

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Business Overview

Carriage House Event Center, Inc., incorporated in Colorado in 2010, aims to develop a unique event center concept. Despite being in operation for over a decade, the company has not yet generated any revenue. The business model revolves around creating an event center with additional associated businesses on the same grounds. However, the company has faced significant challenges, particularly due to the COVID-19 pandemic, which severely impacted the event center industry.

The company has not conducted any business through its subsidiary, Blue Carriage Events, Inc., and its operations have primarily involved research and regulatory filings. The management and related parties own a significant majority of the company's shares, giving them control over major corporate decisions.

Financial Performance

Income Statement

For the fiscal years ending December 31, 2024, and 2023, Carriage House Event Center, Inc. reported no revenue. The company incurred general and administrative expenses of $27,105 in 2024, up from $15,434 in 2023, resulting in net losses of $27,105 and $15,434, respectively.

Balance Sheet

As of December 31, 2024, the company had total assets of $31,901, primarily in cash, and total liabilities of $184,800, mainly in related party debt. The stockholders' deficit stood at $152,899, reflecting the company's accumulated losses.

Cash Flow

The company used $28,105 in cash for operating activities in 2024, compared to $14,434 in 2023. Financing activities provided $31,000 in 2024, primarily from related party loans.

Risk Factors

The company faces several risk factors, including its status as a startup with no revenue and a history of losses. The COVID-19 pandemic has had a lasting impact on the event center industry, and the company's ability to raise capital has been hindered by its delayed DTC eligibility. Additionally, the company has a significant amount of related party debt, which could pose financial risks.

Management's Discussion and Analysis

The management acknowledges the challenges faced by the company, including the impact of the pandemic and the difficulty in raising capital. The company plans to continue its efforts to develop the event center concept and raise additional funds. However, there is substantial doubt about the company's ability to continue as a going concern, as highlighted by the auditors.

Conclusion

Carriage House Event Center, Inc. is in a precarious financial position, with no revenue and significant losses. The company's future depends on its ability to raise capital and successfully execute its business plan. Given the current circumstances, the investment potential appears limited, and prospective investors should exercise caution.

Investment Score

Based on the analysis of the 2024 annual report, Carriage House Event Center, Inc. receives an investment score of 2.5 out of 10. The company faces significant challenges, and its ability to generate returns for investors is uncertain.