BIO ESSENCE CORP.
Climate Impact & Sustainability Data (2024-03-31)
Reporting Period: 2024-03-31
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- The Company incurred net losses of $33,173 and $23,064 from the company’s continuing operations for the three months ended March 31, 2024 and 2023, respectively. The Company also had an accumulated deficit of $8,916,722 from the company’s continuing operations as of March 31, 2024. These conditions raise substantial doubt about the Company’s ability to continue as a going concern.
Mitigation Strategies
- The Company plans to increase its income by strengthening its sales force, providing attractive sales incentive program, and increasing marketing and promotion activities. Management also intends to raise additional funds by way of a private or public offering, or by obtaining loans from banks or others.