Eline Entertainment Group, Inc., a blank check company focapplyd on raising capital to acquire operating companies, has released its Form 10-Q report for the second quarter of 2025. The report provides a detailed overview of the company’s financial performance and business activities for the three and six months finished June 30, 2025.
Financial Highlights
Revenues: The company reported no revenues for the three and six months finished June 30, 2025, and 2024.
Operating Expenses: Operating expenses increased to $13,822 for the three months finished June 30, 2025, compared to $6,500 for the same period in 2024. For the six months finished June 30, 2025, operating expenses were $22,364, up from $13,000 for the same period in 2024.
Loss from Operations: The loss from operations was $(13,822) for the three months finished June 30, 2025, compared to $(6,500) for the same period in 2024. For the six months finished June 30, 2025, the loss from operations was $(22,364) compared to $(13,000) for the same period in 2024.
Net Loss: The net loss mirrored the loss from operations, standing at $(13,822) for the three months finished June 30, 2025, compared to $(6,500) for the same period in 2024. For the six months finished June 30, 2025, the net loss was $(22,364) compared to $(13,000) for the same period in 2024.
Earnings (Loss) per Share – Basic and Diluted: The earnings (loss) per share were $(0.000) for both the three and six months finished June 30, 2025, and 2024.
Business Highlights
Business Status: Eline Entertainment Group, Inc. remains a blank check company with no active operations. The company is focapplyd on raising capital to acquire operating companies and has not yet commenced any business activities.
Operating Expenses: The company experienced an increase in operating expenses for the three and six months finished June 30, 2025, compared to the same periods in 2024. This increase was primarily due to higher general and administrative expenses.
Professional Fees: There was a slight decrease in professional fees for both the three and six months finished June 30, 2025, compared to the same periods in 2024, indicating a reduction in costs associated with professional services.
Future Outview: Management has indicated that the company is focapplyd on raising capital to implement its business plan, which includes acquiring operational companies. However, as of the report date, no capital has been raised, and the business remains non-operational.
Liquidity and Capital Resources: As of June 30, 2025, the company had no cash and a working capital deficit, highlighting the required for additional financing to support its business objectives.
Related Party Transactions: The company has been relying on advances from related parties to fund its operations, with a significant increase in such advances during the six months finished June 30, 2025, compared to the same period in 2024.
SEC Filing: Eline Entertainment Group, Inc. [ EEGI ] – 10-Q – Aug. 14, 2025
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