Yoshiharu Global, a Nasdaq-listed controlled company, has released its annual financial report for the year ending December 31, 2023. The company reported a total revenue of $9.21 million, primarily from food and beverage sales, compared to $8.28 million in the previous year. Despite the increase in revenue, Yoshiharu Global experienced a net loss of $3.04 million, which is a decrease from the $3.49 million loss reported in 2022. The loss per share stood at $2.29, down from $3.23 in the prior year. The company's operating expenses totaled $3.88 million, with general and administrative expenses being the largest contributor at $3.42 million. Yoshiharu Global's total assets were valued at $13.02 million, a decrease from $16.02 million in the previous year. The company's cash position also declined from $6.51 million to $1.83 million...Show More

Yoshiharu Global, a Nasdaq-listed controlled company, has released its annual financial report for the year ending December 31, 2023. The company reported a total revenue of $9.21 million, primarily from food and beverage sales, compared to $8.28 million in the previous year. Despite the increase in revenue, Yoshiharu Global experienced a net loss of $3.04 million, which is a decrease from the $3.49 million loss reported in 2022. The loss per share stood at $2.29, down from $3.23 in the prior year. The company's operating expenses totaled $3.88 million, with general and administrative expenses being the largest contributor at $3.42 million. Yoshiharu Global's total assets were valued at $13.02 million, a decrease from $16.02 million in the previous year. The company's cash position also declined from $6.51 million to $1.83 million. Yoshiharu Global's board of directors consists of four members, with three determined to be independent directors. The company has fully implemented corporate governance initiatives in compliance with the Sarbanes-Oxley Act and SEC regulations. Yoshiharu Global's future plans include continuing to evaluate and improve upon its corporate governance principles and policies. The company has also adopted a code of business conduct and ethics, which is publicly available on its website. Yoshiharu Global's board has two standing committees: an Audit Committee and a Compensation Committee, both of which are in compliance with Nasdaq requirements. The company's leadership structure has the positions of Chairman of the Board and Chief Executive Officer held by the same person, with no current plans to separate these roles.