UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended: ~~June~~September 30, 2024

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Commission File Number 000-55997

SHARING SERVICES GLOBAL CORPORATION

(Exact name of registrant as specified in its charter)

Nevada

30-0869786

(State or other jurisdiction of

incorporation or organization)

(I.R.S. Employer

Identification No.)

5200 Tennyson Parkway, Suite 400, Plano, Texas		75024
(Address of principal executive offices)		(Zip Code)

(469) 304-9400

(Registrant’s telephone number, including area code)

None

(Former name, former address and former fiscal year, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange in which registered
None		None		None

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	☐	Accelerated filer	☐
Non-accelerated filer	☐	Smaller reporting company	☒
		Emerging growth company	☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes No ☒

As of ~~August~~November 913, 2024, there were ~~376~~309,~~328,885~~652 shares of the issuer’s common stock outstanding.

TABLE OF CONTENTS

PART I—FINANCIAL INFORMATION 4 Item 1. Financial Statements 4 Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations 2322 Item 3. Quantitative and Qualitative Disclosures About Market Risk 2827 Item 4. Controls and Procedures 2827 PART II—OTHER INFORMATION 2928 Item 1. Legal Proceedings 2928 Item 1A. Risk Factors 2928 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 2928 Item 3. Defaults Upon Senior Securities 2928 Item 4. Mine Safety Disclosures 2928 Item 5. Other Information 2928 Item 6. Exhibits 3029 Signatures 3130

In this Quarterly Report, references to “the Company,” “Sharing Services,” “our company,” “we,” “our,” “ours,” and “us” refer to Sharing Services Global Corporation and its consolidated subsidiaries unless otherwise indicated or the context otherwise requires.

cautionary notice regarding forward-looking statements

Statements in this Quarterly Report and in any documents incorporated by reference herein which are not purely historical, or which depend upon future events, may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Forward-looking statements generally contain words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,” “potential,” “project,” “target,” “can,” “could,” “may,” “should,” “will,” “will likely,” “would,” or the negative of such words and/or similar expressions. However, not all forward-looking statements contain these words.

Readers should not place undue reliance upon the Company’s forward-looking statements since such statements speak only as of the date they were made. Such forward-looking statements may refer to events that ultimately do not occur, or may occur to a different extent, or occur at a different time than such forward-looking statements describe. Except to the extent required by federal securities laws, the Company undertakes no obligation to publicly update or revise any forward-looking statements contained in this Quarterly Report and in any documents incorporated by reference herein, whether as a result of new information, future events, or otherwise. The Company acknowledges that all forward-looking statements involve risks and uncertainties that could cause actual events and/or results to differ materially from the events and/or results described in the forward-looking statements.

PART I—FINANCIAL INFORMATION

Item 1. Financial Statements.

The following unaudited financial statements: condensed consolidated balance sheet as of ~~June~~September 30, 2024, condensed consolidated statements of operations and comprehensive loss for the ~~three~~six months ended ~~June~~ September 30, 2024 and 2023, condensed consolidated statements of cash flows, and condensed consolidated statements of changes in stockholders’ deficit for the ~~three~~six months ended ~~June~~September 30, 2024 and 2023, are those of Sharing Services Global Corporation and its subsidiaries.

Index to Unaudited Condensed Consolidated Financial Statements

	Page
Condensed consolidated balance sheets as of June 30, 2024, and March 31, 2024	5
Condensed consolidated balance sheets as of September 30, 2024, and March 31, 2024	5
Condensed consolidated statements of operations and comprehensive loss for the three months ended June 30, 2024 and 2023	6
Condensed consolidated statements of operations and comprehensive loss for the three and six months ended September 30, 2024 and 2023	6
Condensed consolidated statements of cash flows for the three months ended June 30, 2024 and 2023	7
Condensed consolidated statements of cash flows for the six months ended September 30, 2024 and 2023	7
Condensed consolidated statements of changes in stockholders’ deficit for the three months ended June 30, 2024 and 2023	8
Condensed consolidated statements of changes in stockholders’ deficit for the six months ended September 30, 2024 and 2023	8
Notes to the unaudited condensed consolidated financial statements	9

SHARING SERVICES GLOBAL CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

	June 30, 2024			March 31, 2024
	As of September 30, 2024			As of March 31, 2024
	~~(Unaudited)~~	(Unaudited)
ASSETS
Current Assets
Cash and cash equivalents	$	~~580~~729,~~347~~576		$	894,206
Trade accounts receivable, net		~~300~~295,~~916~~232			280,793
Other receivable		1,800,000			1,800,000
Inventory, net		1,~~195~~224,~~982~~961			1,318,662
Other current assets, net		~~220~~169,~~887~~683			132,674
Total Current Assets		4,~~098~~219,~~132~~452			4,426,335
Property and equipment, net		~~207~~164,~~166~~470			239,943
Right-of-use assets, net		~~390~~378,~~998~~565			403,107
Intangible assets		~~366~~330,~~310~~568			402,144
Other assets		1,164,~~174~~175			1,163,385
TOTAL ASSETS	$	6,~~226~~257,~~780~~230		$	6,634,914
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities
Accounts payable	$	1,~~115~~227,~~394~~288		$	1,304,046
Accrued and other current liabilities		2,~~761~~945,~~105~~056			2,611,951
Accrued sales commission payable		1,~~683~~676,~~937~~147			1,742,309
State and local taxes payable		1,~~549~~565,~~014~~017			1,545,463
Note payable		1,200,000			1,200,000
Other borrowings		1,685,000			1,200,000
Convertible notes payable, related party		268,607			262,782
Convertible notes payable, related parties		267,653			262,782
Total Current Liabilities		89,~~578~~366,~~057~~161			8,666,551
Non-current convertible notes payable, related party		1,006,093			324,521
Non-current convertible notes payable, related parties		743,481			324,521
Lease liability, long-term		~~375~~361,~~695~~149			416,277
TOTAL LIABILITIES		910,~~959~~470,~~845~~791			9,407,349
Commitments and contingencies		-			-
STOCKHOLDERS’ DEFICIT
Series A convertible preferred stock, $0.0001 par value, 100,000,000 shares designated, 3,100,000 shares issued and outstanding		310			310
Series B convertible preferred stock, $0.0001 par value, no shares issued and outstanding		-			-
Series C convertible preferred stock, $0.0001 par value, 10,000,000 shares designated, 3,220,000 shares issued and outstanding		322			322
Series D preferred stock, $0.0001 par value, 26,000 shares issued and outstanding		3			3
Preferred stock value		3			3
Common stock, $0.0001 par value, 1,990,000,000 shares designated, 376,328,885 shares issued and outstanding		37,633			37,633
Common stock, $0.0001 par value, 1,990,000,000 shares authorized; 309,652 shares and 269,214 shares issued and outstanding as of September 30, 2024 and March 31, 2024*		31			27
Treasury Stock		-			-
Additional paid in capital		110,737,460			110,737,464
Additional paid in capital		110,699,858			110,699,858
Shares to be issued		12,146			12,146
Accumulated deficit		(114,~~136~~602,~~481~~627	)		(113,167,915	)
Accumulated other comprehensive loss		(~~346~~361,~~856~~206	)		(354,792	)
TOTAL STOCKHOLDERS’ DEFICIT		(34,~~733~~213,~~065~~561	)		(2,772,435	)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT	$	6,~~226~~257,~~780~~230		$	6,634,914

*	Retrospectively restated for the 1,400-to-1 reverse stock split on September 13, 2024.

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

SHARING SERVICES GLOBAL CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

(Unaudited)

	June 30, 2024			June 30, 2023
	For the Three Months Ended						For the Six Months Ended
	For the Three Months Ended
	September 30, 2024			September 30, 2023			September 30, 2024			September 30, 2023
	June 30, 2024			June 30, 2023
Net sales	$	2,084,658		$	2,408,704		$	4,306,182		$	5,286,825
Net sales	$	2,221,524		$	2,878,121
Cost of goods sold		624,132			669,803			1,300,984			1,515,632
Cost of goods sold		676,851			845,829
Gross profit		1,460,526			1,738,901			3,005,198			3,771,193
Gross profit		1,544,673			2,032,292
Operating expenses
Operating expenses
Selling and marketing expenses		651,538			743,057			1,287,782			2,164,545
Selling and marketing expenses		636,244			1,421,490
General and administrative expenses		1,443,534			2,116,240			2,989,132			4,403,312
General and administrative expenses		1,545,598			2,287,072
Total operating expenses		2,095,072			2,859,297			4,276,914			6,567,857
Total operating expenses		2,181,842			3,708,562
Operating loss		(634,546	)		(1,120,396	)		(1,271,716	)		(2,796,664	)
Operating loss		(637,169	)		(1,676,270	)
Other income (expense):
Other income (expense):
Change in fair value of embedded derivatives		363,566			-			176,169			-
Change in fair value of embedded derivatives		(187,397	)		-
Interest expense, net		(161,795	)		(1,963,267	)		(309,459	)		(2,869,077	)
Interest expense, net		(147,664	)		(905,811	)
Other income		-			1,800,000			-			1,800,000
Gain on extinguishment of debt		-			150,634
Loss on extinguishment of debt		-			(188,842	)		-			(38,209	)
Unrealized loss on investment		-			~~(78,632~~-	)		-			(78,632	)
Other non-operating income, net		3,664			97,822
Other non-operating income (expense), net		(33,370	)		5,613			(29,706	)		103,434
Total other expense, net		(331,397	)		(735,987	)
Total other income (expense), net		168,401			(346,496	)		(162,996	)		(1,082,484	)
Loss before income taxes		(~~968~~466,~~566~~145	)		(21,~~412~~466,~~257~~892	)		(1,434,712	)		(3,879,148	)
Income tax provision		-			12,102
Income tax expense		-			(12,102	)		-			-
Net loss	$	(~~968~~466,~~566~~145	)	$	(21,~~424~~454,~~359~~790	)	$	(1,434,712	)	$	(3,879,148	)
Other comprehensive loss, net of tax:
Currency translation adjustments		7(14,~~936~~350	)		(522,~~169~~435	)		(6,414	)		(27,604	)
Total other comprehensive gain (loss)		7,936			(5,169	)
Total other comprehensive loss		(14,350	)		(22,435	)		(6,414	)		(27,604	)
Comprehensive loss	$	(~~960~~480,~~630~~495	)	$	(21,~~429~~477,~~528~~225	)	$	(1,441,126	)	$	(3,906,752	)
Loss per share:
Basic and diluted	$	(0.002	)	$	(0.01	)
Basic and diluted*	$	(1.68	)	$	(5.40	)	$	(5.26	)	$	(14.51	)
Weighted average shares:
Basic and diluted		376,328,885			370,934,280
Basic and diluted*		276,686			269,214			272,971			267,295

*	Retrospectively restated for the 1,400-to-1 reverse stock split on September 13, 2024.

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

SHARING SERVICES GLOBAL CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

(Unaudited)

	~~2024~~	2024		~~2023~~	2023
	For the Three Months Ended June 30,
	For the Six months Ended September 30,
	~~2024~~	2024		~~2023~~	2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$	(~~968~~1,~~566~~434,712	)	$	(23,~~424~~879,~~359~~148	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization		68147,~~572~~010			~~178~~307,~~232~~499
Stock-based compensation		-			-(148,267	)
Amortization of debt discount and other		-			~~515~~2,~~728~~015,542
Change in fair value of embedded derivatives		~~187~~(176,~~397~~169	)		-
Gain on extinguishment of debt		-			(150,634	)
Loss on extinguishment of debt		-			38,209
Bad debt expense		-			39177,~~933~~115
Provision for obsolete inventory		-			152,~~847~~112
Non-cash other income		-			(1,800,000	)
Changes in operating assets and liabilities:
Accounts receivable		(2014,~~123~~439	)		(~~498~~337,~~196~~659	)
Inventory		~~122~~93,~~680~~701			(57784,~~180~~928	)
Other current assets		(8837,~~960~~758	)		~~189~~742,~~881~~337
Accounts payable		(~~188~~76,~~652~~758	)		(157,~~635~~396	)
Income taxes payable		319,~~551~~554			-
Lease liability		12(30,~~109~~587	)		~~123~~768
Accrued and other liabilities		50266,~~197~~942			~~403~~638,~~283~~719
Net Cash Used in Operating Activities	$	(~~821~~1,~~795~~243,216	)	$	(12,~~788~~970,~~977~~305	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of convertible notes, related party		500,000			-
Proceeds from loan payable		-			1,200,000
Net Cash Provided by Financing Activities		500,000			-
Proceeds from issuance of convertible notes, related parties		600,000			-
IMPACT OF CURRENCY RATE CHANGES ON CASH		7,936			164,237
Net proceeds from issuance of promissory notes		485,000			-
Decrease in cash and cash equivalents		(313,859	)		(1,624,740	)
Net Cash Provided by Financing Activities		1,085,000			1,200,000
IMPACT OF CURRENCY RATE CHANGES ON CASH		(6,414	)		160,759
Decrease in cash and cash equivalents		(164,630	)		(1,609,546	)
Cash and cash equivalents, beginning of period		894,206			2,994,885
Cash and cash equivalents, end of period	$	~~580~~729,~~347~~576		$	1,~~370~~385,~~145~~339
Supplemental cash flow information
Cash paid for interest	$	86148,~~167~~538		$	-24,279
Cash paid for income taxes	$	-		$	550
Supplemented disclosure of non-cash investing and financing activities:
Sale of commercial real property in exchange for relief from related party loans and other liabilities	$	-		$	7,438,692
Sale of investments in exchange for relief from related party note and other liabilities	$	-		$	1,500,000
Common stock issued to settle accrued interest payable	$	-		$	539,806

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

SHARING SERVICES GLOBAL CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ DEFICIT

(Unaudited)

	of		Par		of		Par		of		Par		of		Par		of		Par		Paid in		to be			Treasury			Accumulated			Comprehensive
	Shares		Value		Shares		Value		Shares		Value		Shares		Value*		Capital *		Issued		Stock		Deficit			Loss			Total
	Series A Preferred Stock				Series BC Preferred Stock				Series CD Preferred Stock				~~Series~~Common ~~D Preferred~~ Stock*				~~Common Stock~~									Accumulated						~~Accumulated~~
	Number				Number				Number				Number				~~Number~~Additional		Shares		~~Additional~~		~~Shares~~			Other						~~Other~~
	of		Par		of		Par		of		Par		of		Par		ofPaid in		~~Par~~to be		~~Paid in~~Treasury		~~to be~~Accumulated			~~Treasury~~Comprehensive			~~Accumulated~~			~~Comprehensive~~
	Shares		Value		Shares		Value		Shares		Value		Shares		Value		~~Shares~~Capital*		~~Value~~Issued		~~Capital~~Stock		~~Issued~~Deficit			~~Stock~~Loss			~~Deficit~~Total			~~Loss~~			~~Total~~
Balance - Mar 31, 2024		3,100,000	$	310		-	$	-		3,220,000	$	322		26,000	$	3		376,328,885	$	37,633	$	110,699,858	$	12,146			-		$	(113,167,915	)	$	(354,792	)	$	(2,772,435	)
Balance - March 31, 2024		3,100,000	$	310		3,220,000	$	322		26,000	$	3		269,214	$	27	$	110,737,460	$	12,146		-	$	(113,167,915	)	$	(354,792	)	$	(2,772,439	)
Currency translation adjustments		-		-		-		-		-		-		-		-		-		-		-		-			-			-			7,936			7,936
Fractional shares as a result of reverse stock split		-		-		-		-		-		-		40,438		4		-		-		-		-			-		$	4
Net loss		-		-		-		-		-		-		-		-		-		-		-		-			-			(968,566	)		-			(968,566	)
Currency translation adjustments		-		-		-		-		-		-		-		-		-		-		-		-			(6,414	)	$	(6,414	)
Balance - June 30, 2024		3,100,000	$	310		-	$	-		3,220,000	$	322		26,000	$	3		376,328,885	$	37,633	$	110,699,858	$	12,146			-		$	(114,136,481	)	$	(346,856	)	$	(3,733,065	)
Net loss		-		-		-		-		-		-		-		-		-		-		-		(1,434,712	)		-		$	(1,434,712	)
Balance - September 30, 2024		3,100,000	$	310		3,220,000	$	322		26,000	$	3		309,652	$	31	$	110,737,460	$	12,146		-	$	(114,602,627	)	$	(361,206	)	$	(4,213,561	)

	Series A Preferred Stock				Series BC Preferred Stock				Series CD Preferred Stock				~~Series~~Common ~~D Preferred~~ Stock*				~~Common Stock~~											Accumulated						~~Accumulated~~
	Number				Number				Number				Number				~~Number~~Additional			Shares		~~Additional~~			~~Shares~~			Other						~~Other~~
	of		Par		of		Par		of		Par		of		Par		ofPaid in			~~Par~~to be		~~Paid in~~Treasury			~~to be~~Accumulated			~~Treasury~~Comprehensive			~~Accumulated~~			~~Comprehensive~~
	Shares		Value		Shares		Value		Shares		Value		Shares		Value		~~Shares~~Capital*			~~Value~~Issued		~~Capital~~Stock			~~Issued~~Deficit			~~Stock~~Loss			~~Deficit~~Total			~~Loss~~			~~Total~~
Balance – March 31, 2023		3,100,000	$	310		-	$	-		3,220,000	$	322		-	$	-		347,451,880		$	34,745	$	84,619,762		$	12,146		$	(626,187	)	$	(106,456,378	)	$	(308,305	)	$	(22,723,585	)
Balance - March 31, 2023		3,100,000	$	310		3,220,000	$	322		-	$	-		248,556	$	25	$	84,654,482		$	12,146	$	(626,187	)	$	(106,456,378	)	$	(308,305	)	$	(22,723,585	)
Balance		3,100,000	$	310		-3,220,000	$	-322		~~3,220,000~~-	$	~~322~~-		-248,556	$	-25	$	~~347~~84,~~451~~654,~~880~~482		$	3412,~~745~~146	$	84(626,~~619,762~~187	)	$	12(106,~~146~~456,378	)	$	(~~626~~308,~~187~~305	)	$	(~~106~~22,~~456~~723,~~378~~585	)	$	~~(308,305~~	)	$	~~(22,723,585~~	)
Cancellation of treasury stock		-		-		-		-		-		-		-		-		(626,187	)		-		(626,187	)		-			~~626,187~~-			-			-		$	-
Common stock issued to settle accrued interest payable																		28,877,005			2,888		536,918									-			-		$	539,806
Common stock issued for debt modification		-		-		-		-		26,000		3		-		-		26,169,365			-		-			-			-			26,169,368
Currency translation adjustments		-		-		-		-		-		-		-		-		-			-		-			-			-			-			(5,169	)	$	(5,169	)
Common stock issued to settle accrued interest payable		-		-		-		-		-		-		20,658		2		539,804			-		-			-			-			539,806
Net loss		-		-		-		-		-		-		-		-		-			-		-			-			-			(2,424,359	)		-		$	(2,424,359	)
Currency translation adjustments		-		-		-		-		-		-		-		-		-			-		-			-			(27,604	)		(27,604	)
Balance – June 30, 2023		3,100,000	$	310		-	$	-		3,220,000	$	322		-	$	-		376,328,885		$	37,633	$	84,530,493		$	12,146		$	-		$	(108,880,737	)	$	(313,474	)	$	(24,613,307	)
Net loss		-		-		-		-		-		-		-		-		-			-		-			(3,879,148	)		-			(3,879,148	)
Balance		3,100,000	$	310		-	$	-		3,220,000	$	322		-	$	-		376,328,885		$	37,633	$	84,530,493		$	12,146		$	-		$	(108,880,737	)	$	(313,474	)	$	(24,613,307	)
Balance - September 30, 2023		3,100,000	$	310		3,220,000	$	322		26,000	$	3		269,214	$	27	$	110,737,464		$	12,146		-		$	(110,335,526	)	$	(335,909	)	$	78,837
Balance		3,100,000	$	310		3,220,000	$	322		26,000	$	3		269,214	$	27	$	110,737,464		$	12,146		-		$	(110,335,526	)	$	(335,909	)	$	78,837

*	Retrospectively restated for the 1,400-to-1 reverse stock split on September 13, 2024.

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements

SHARING SERVICES GLOBAL CORPORATION AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

NOTE 1 – ORGANIZATION AND BUSINESS

Description of Operations

Sharing Services Global Corporation (“Sharing Services,” “SHRG”) and its subsidiaries (collectively, the “Company”) aim to build shareholder value by developing or investing in innovative emerging businesses and technologies that augment the Company’s products and services portfolio, business competencies, and geographic reach. ~~The~~Sharing ~~Company~~Services was incorporated in the State of Nevada in in April 2015. The Company’s main business activities include:

●	Sale of Health and Wellness Products - The Company markets its health and wellness products primarily through an independent sales force, using a direct selling business model under the proprietary brand “~~The Happy Co~~HCo.” Currently, The Happy Co. TM markets and distributes its health and wellness products primarily in the United States (the “U.S.”) and Canada.
	The Company generates substantially all of its revenue from the sale of health and wellness products.
●	Sale of Member-Based Travel Services - Through its subsidiary, Global Travel Destinations, the Company established a subscription-based travel services business under the proprietary brand MyTravelVentures (“MTV”) in May 2022. MTV provides entrepreneurial opportunities to its subscribers by capitalizing on both the direct selling model and the retail travel business model. The MTV services are designed to offer discount for travel relating to airfare, cruises, hotels, resorts, time shares and rental cars for destinations throughout the world for people of all ages, demographics, and economic backgrounds.
	The Company is in the process of revamping its travel services business and has temporarily suspended its MTV business operation to prepare for its re-launch in the first quarter of 2025.

In August 2021, Sharing Services and Hapi Café, Inc, a company affiliated with Heng Fai Ambrose Chan, a Director of the Company, entered into a Master Franchise Agreement (the “MFA”) pursuant to which Sharing Services acquired the exclusive franchise rights in North America to the brand “Hapi Café.” Under the terms of the MFA, Sharing Services, directly or through its subsidiaries, has the right to operate no less than five corporate-owned stores and can offer to the public sub-franchise rights to own and operate other stores, subject to the terms and conditions contained in the MFA. The Company plans to open up Hapi Café in Dallas and the New York City, and it is in the process of identifying and evaluating suitable locations.

Directly or through its subsidiaries, the Company from time to time will invest in emerging business in the direct selling industry, using a combination of debt and equity financing, in efforts to leverage the Company’s business competencies and to participate in the growth of these businesses. As part of the Company’s commitment to the success of these emerging businesses, the Company, directly or through its subsidiaries, also plans to offer non-traditional inventory financing, order fulfillment and logistic, CRM “Back Office” solutions, and other success-critical services to these businesses.

NOTE 2 – GOING CONCERN

The accompanying unaudited condensed consolidated financial statements have been prepared using generally accepted accounting principles in the United States of America (“GAAP”) applicable to a going concern, which contemplates the realization of assets and the liquidation of liabilities in the ordinary course of business. During the ~~three~~six months ended ~~June~~September 30, 2024 and 2023, the ~~Company~~ Company had a net loss was approximately $1.0 4 million and $23.4 9 million, respectively. In addition, as of September 30, 2024, the Company had accumulated deficit of $114.6 million and working capital deficiency of $5.1 million. These factors among other raise substantial doubt about the ability of the Company to continue as a going concern for a reasonable period of time.

In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management’s plan is to obtain such resources for the Company by obtaining capital from significant shareholders sufficient to meet its minimal operating expenses and seeking third party equity and/or debt financing. However, management cannot provide any assurances that the Company will be successful in accomplishing any of its plans. These financial statements do not include any adjustments related to the recoverability and classification of assets or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

NOTE 3 – SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The unaudited condensed consolidated interim financial statements included herein have been prepared in accordance with GAAP and pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Certain note disclosures normally included in annual financial statements prepared in accordance with GAAP have been condensed or omitted as permitted pursuant to the rules and regulations of the SEC, although we believe that the disclosures made are adequate to make the information not misleading. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2024. Unless so stated, the disclosures in the accompanying condensed consolidated financial statements do not repeal the disclosures in our consolidated financial statements for year ended March 31, 2024.

The accompanying unaudited condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All significant intercompany accounts and transactions have been eliminated in consolidation. ~~Certain~~In connection with the Company reverse stock split that took place in September 2024, certain prior period financial information has been ~~reclassified~~adjusted to conform with the current year’s presentation.

Use of Estimates and Assumptions

The preparation of financial statements in accordance with GAAP requires the use of judgment and requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and disclosures about contingent assets and liabilities, if any. Matters that require the use of estimates and assumptions include, among others: the recoverability of trade accounts and notes receivable, the valuation of inventory, the useful lives of fixed assets, the assessment of long-lived assets for impairment, the nature and timing of satisfaction of multiple performance obligations resulting from contracts with customers, the allocation of the transaction price to multiple performance obligations in a sales transaction, the measurement and recognition of right-of-use assets and related lease liabilities, the valuation of share-based compensation awards, the provision for income taxes, the measurement and recognition of uncertain tax positions, the valuation of long-term debt ~~covenants~~, and the valuation of loss contingencies, if any. Actual ~~results~~ results may differ from these estimates in amounts that may be material to our consolidated financial statements. WeManagement ~~believe~~of the Company believes that the estimates and assumptions used in the preparation of ~~our~~the unaudited condensed consolidated financial statements are reasonable.

Cash and Cash Equivalents

The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents. Cash and ~~cash~~ cash equivalents include recent customer remittances deposited with our merchant processors at the balance sheet date, which generally settle within 24 to 72 hours. As of ~~June~~September 30, 2024, and March 31, 2024, cash and cash equivalents included cash held by our merchant processors of approximately $~~0.04 million and $0.05 million~~50,000, respectively. In addition, as of ~~June~~September 30, 2024, and March 31, 2024, cash and cash equivalents held in bank accounts in foreign countries in the ordinary course of business were approximately $0.3 2 million and $0.4 million, respectively. Amounts held by our merchant processor or held in bank accounts located in foreign countries are generally not insured by any federal agency.

Trade Accounts Receivable and Allowance for Expected Credit Losses

The Company maintains an allowance for credit losses in accordance with Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) ASC 326, and records the allowance for expected credit losses as an offset to assets such as accounts receivable. The expected credit losses are classified as general and administrative expenses in the consolidated statements of operations and comprehensive loss. The Company assesses collectability by reviewing receivables on a collective basis where similar characteristics exist, primarily ~~based~~ based on the size and nature of specific receivables. In determining the amount of the allowance for credit losses, the Company considers ~~historical~~ historical collectability based on past due status, the age of the receivable balances, credit quality of the counter party, and current and future economic conditions. On a quarterly basis, management determines if the allowance for credit losses is adequate, and adjusts the allowance, when necessary. Delinquent account balances are written-off against the allowance for credit losses after all means of collection have been exhausted and that the likelihood of collection is not probable. There was no change in the Company’s allowance for expected credit losses from March 31, 2024 to September 30, 2024.

Inventory

Inventory consists of finished goods and promotional materials and is stated at the lower of cost determined using the first-in, first-out (“FIFO”) method, or net realizable value. It includes direct product costs and certain shipping and handling costs, such as in-bound freight. When estimating the net realizable value of inventory, the Company considers several factors including estimates of future demand for the product, historical sales, the age and sales history of the inventory, and historic and anticipated changes in our product offerings.

The Company periodically assesses the realizability of its inventory based on evaluation of its inventory levels against historical and anticipated sales. Physical inventory counts are performed at all facilities on a quarterly basis. As of ~~June~~September 30, 2024 and March 31, 2024, the ~~allowance~~ allowance for slowing moving or obsolete inventory were $1.6 million and $1.6 million, respectively, in connection with health and wellness ~~products~~ products that were either damaged, expired, or slow-moving, based on the Company’s historical and anticipated sales

Cost of goods sold includes actual product costs, vendor rebates and allowances, if any, inventory shrinkage and certain shipping and handling costs, such as in-bound freight, associated with product sold. All other shipping and handling costs, including the cost to ship products to customers, are included in selling and marketing expenses in our consolidated statements of operations when incurred.

Other Receivable and Loan Payable

In July 2023, the Company, through its out-sourced payroll services provider (“Paychex”), submitted a claim to the Internal Revenue Services (“IRS”) for the Employee Retention Tax Credit (“ERTC ~~credit~~”) based on its payroll records and ~~other~~ other pertinent information. Refunds will be distributed based on IRS processing times and the total ERTC credit will be approximately $1.8 million. Since the likelihood of receiving the ERTC credit is probable and the amount is estimable, the Company has recorded its ERTC claim ~~credit~~in Other Receivable. Despite the extended time delay in the ~~Other~~processing ~~Receivable~~of the ERTC claims by the IRS, the Company believes that its eligibility is reasonably assured and has not recorded any provision against the receivable.

Through the introduction of Paychex, the Company ~~successfully~~ applied for an ERTC term loan (“~~bridge~~Term ~~loan~~Loan”) in August 2023 which objective is to serve as a bridge funding until the ERTC is collected. The ~~bridge loan~~Term Loan that was approved came to $1.2 million, and it was ~~recorded~~secured asby athe ~~Loan~~Company’s ~~Payable~~assets and all ERTC proceeds that the Company is entitled to receive from the IRS. ~~The~~Pursuant to the loan isagreement ~~for~~with athis lender (“Lender”), the first 12 months of the Term Loan is deemed the interest-~~month~~only period. ~~and~~During ~~carries~~such period, the Term Loan carried a 2% monthly interest, ~~rate~~and the Company would make a monthly interest-only payment of $24,000 to the Lender. ~~The~~In ~~loan~~September 2023, the Company received net proceeds of approximately $1.18 million which must be used solely and exclusively for working capital and other business purposes. ~~and~~In itSeptember ~~had~~2024, on the an12th ~~origination~~month ~~fee~~anniversary of ~~$24~~the Term Loan,~~000~~ the Term Loan was automatically extended to 36 months from the loan funding date. ~~The~~As ~~Company~~a ~~received~~result, ~~net~~from ~~proceeds~~September of2024 ~~approximately~~to August 2026 (the “loan amortization period”), the Company is required to pay $163,445.1832 monthly ~~million~~over inthe ~~September~~24-month ~~2023~~period to pay down the principal and related interest which is calculated at 2% per month. The Term Loan was recorded as Other Borrowings.

In September 2024, the Company and the Lender entered into an agreement (the “Agreement”) whereby the Lender agreed to lend $500,000 to the Company in exchange for a repayment of interest and principal that could be as much as $635,000 using the Company’s assets as collateral (the “borrowing”). The Company has the option to paydown the borrowing early and recorded the $500,000 payment obligation as Other Borrowings. In accordance with the Agreement, and the Company would make 65 weekly payments of $9,769.23 each over a 15-month period to the Lender should the Company choose to repay the borrowing over the 15-month period. In September 2024, the Company received net proceeds of $489,000 ($500,000 less transaction fees of $11,000). During the month of September 2024, the Company made 2 weekly payments to the Lender totaled $19,538.46 of which $15,000 were recorded as a reduction of Other Borrowings and the balance as interest expenses.

Other Assets

Other assets include a multi-user license and code of a back-office platform that was acquired for $1 million in 2022. This back-office platform is designed to facilitate the computation and processing of commission payments to distributors, and it requires customization in order for it to be operational. Costs associated with the customization and build out of the platform has been capitalized in accordance with ASC 350 - Capitalization on Internal-Use Software Costs.

Foreign Currency Translation

The functional currency of each of our foreign operations is generally the respective local currency. Balance sheet accounts are translated into U.S. dollars (our reporting currency) at the rates of exchange in effect at the balance sheet date, while the results of operations and cash flows are generally translated using average exchange rates for the periods presented. Individual material transactions, if any, are translated using the actual rate of exchange on the transaction date. The resulting translation adjustments are reported in accumulated other comprehensive loss in our condensed consolidated balance sheets. In September 2021, the Company, through its wholly owned subsidiary, commenced operations in the Republic of Korea (South Korea).

	South Korean Won per 1 USD
	2024		2023
Exchange rate as of June 30th		1,381.47		1,318.86
Exchange rate as of September 30th		1,312.45		1,352.92
Average exchange rate for the three months ended		1,371.74		1,315.28
Average exchange rate for the six months ended		1,363.21		1,314.49

Comprehensive Loss

For the ~~three~~six months ended ~~June~~September 30, 2024 and 2023, the Company’s comprehensive loss comprised of currency translation adjustments ~~and~~ and net loss.

Revenue Recognition

The Company recognizes revenue in accordance with ASC Topic 606 when (or as) it transfers control of the promised goods and services to the customer in an amount that reflects the consideration the Company expects to be entitled to receive in exchange for those goods or services.

Revenue is recognized net of amounts due to taxing authorities (such as local and state sales tax). The Company’s customers place sales orders online and through the Company’s “back-office” operations, which creates a contract and establishes the transaction price. With respect to products sold, the Company’s performance obligation is satisfied upon receipt of the products by the customer. With respect to subscription-based revenue, including independent distributor membership fees, the Company’s performance obligation is satisfied over time (generally, up to one year). With respect to customer loyalty points awarded, the Company’s performance obligation is satisfied at the earliest of (a) the redemption or expiration date, or (b) when it is no longer probable the points will be redeemed. The Company assesses the probability an awards of customer loyalty points will be redeemed, based on its historic breakage rates. The timing of revenue recognition may differ from the time when the Company invoices the customer and/or collects payment. The Company has elected to treat shipping and handling costs as an activity to fulfill its performance obligations, rather than a separate performance obligation.

As of ~~June~~September 30, 2024 and March 31, 2024, deferred revenue associated with

● product invoiced but not received by customers at the balance sheet date was $7193,~~964~~119 and $80,404, respectively; ● unfulfilled performance obligations for services offered on a subscription basis was $3331,~~294~~579 and $37,774, respectively; ● unfulfilled performance obligations for customers’ right of return was $24,~~397~~783 and $24,703, respectively; and ● customer loyalty points outstanding was $19,326 and $19,326, respectively.

During the ~~three~~six months ended ~~June~~September 30, 2024 and 2023, ~~approximately~~substantially ~~100% and 95%~~ all the Company’s consolidated net sales were from its sale of health and wellness products.

Sales Commissions

The Company recognizes sales commission expenses, when incurred, in accordance with GAAP. During the ~~three~~six months ended ~~June~~September 30, 2024 ~~and~~ and 2023, sales commission expense, which is included in selling and marketing expenses in our condensed consolidated statements of operations and comprehensive loss, was approximately $01.62 million and $1.08 million, respectively.

Segment Reporting

The Company follows ASC Topic 280, Segment Reporting. The Company’s management reviews the Company’s consolidated financial results when making decisions about allocating resources and assessing the performance of the Company as a whole and has determined that the Company’s reportable segments are: (a) the sale of health and wellness products, and (b) the sale of member-based travel services.

~~Recently~~Reverse ~~Issued~~Stock ~~Accounting Standards - Pending Adoption~~Split

~~In August~~On ~~2020~~September 12, 2024, the ~~FASB~~Company ~~issued~~received ~~ASU~~notice ~~No.~~from ~~2020-06,~~the ~~Debt~~Financial –Industry ~~Debt~~Regulatory ~~with~~Authority ~~Conversion and Other Options~~ (~~Subtopic 470-20~~“FINRA”) ~~and Derivatives~~ ~~and~~that ~~Hedging~~it –had announced the ~~Contracts~~effectiveness inof ~~Entity’s~~our 1,400-to-1 ~~Own~~reverse ~~Equity~~stock ~~(ASU~~split ~~2020-06),~~of ~~which~~the ~~simplifies~~issued ~~the~~and ~~accounting~~outstanding ~~for~~shares ~~certain~~of ~~convertible~~common ~~instruments.~~stock ~~Among~~(the ~~other~~“Reverse ~~things~~Split”), ~~under~~on ~~ASU~~FINRA’s ~~2020-06,~~daily ~~the~~list. ~~embedded~~The ~~conversion~~Reverse ~~features~~Split nobecame ~~longer~~effective ~~must~~at ~~be separated from~~ the ~~host~~open ~~contract for~~of ~~convertible~~market ~~instruments~~on ~~with conversion features not required to be accounted for as derivatives~~September 13, or2024. ~~that~~As doa ~~not~~ result inof ~~substantial premiums~~the ~~accounted~~Reverse ~~for~~Split, asevery ~~paid-in~~one ~~capital.~~thousand ~~ASU~~four ~~2020-06~~hundred ~~also~~(1,400) ~~eliminates~~shares ~~the use~~ of the ~~treasury~~issued ~~stock~~and ~~method~~outstanding ~~when~~common ~~calculating the impact~~stock of ~~convertible instruments on diluted Earnings per Share. For~~ the Company, ~~the~~were ~~provisions~~converted ofinto ~~ASU~~one ~~2020-06~~(1) ~~are~~share ~~effective~~of ~~for~~common ~~its~~stock. ~~fiscal year~~All ~~beginning~~fractional onshares ~~April~~created 1,by ~~2024.~~the ~~Early~~Reverse ~~adoption~~Split ishave ~~permitted,~~been ~~subject~~rounded up to ~~certain~~the ~~limitations.~~nearest ~~The~~whole ~~Company~~share. isEach ~~evaluating~~shareholder ~~the~~received ~~potential impact~~at ofleast ~~adoption~~one ~~on its consolidated financial statements~~share.

The Reverse Split does not affect the total number of shares of capital stock, including the Common Stock, that the Company is authorized to issue, or the par value of the Common Stock, which shall remain as set forth in the Articles of Incorporation. Certain of the Company’s outstanding securities, pursuant to which shares of Common Stock are issuable, will be adjusted as a result of the Reverse Split, as required by the terms of such securities.

In connection with the Reverse Split, the Company’s CUSIP has also changed to 81953103. Immediately prior to the Reverse Split, the Company had 376,328,885 shares of Common Stock issued and outstanding. Immediately following the Market Effective Date of the Reverse Split, the Company has 309,652 (which includes 40,438 shares issued to address fractional shares related to the Reverse Split) shares of Common Stock issued and outstanding.

The Reverse Split was approved by the Company’s Board of Directors on September 26, 2023, and was approved by the Company’s majority stockholders holding approximately 53.5% of the issued and outstanding common stock on October 30, 2023. On September 5, 2024, the Company filed with the Secretary of State of the State of Nevada a Certificate of Amendment to our Articles of Incorporation to reflect the Reverse Split.

Recently Issued Accounting Standards

In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures requiring enhancements and further transparency to certain income tax disclosures, most notably the tax rate reconciliation and income taxes paid. This ASU is effective for fiscal years beginning after December 15, 2024 on a prospective basis and retrospective application is permitted. The Company does not believe the adoption of this standard would have a material impact on disclosures within its consolidated financial statements.

The Company does not believe other recently issued but not yet effective accounting standards, if currently adopted, would have a material effect on its unaudited condensed consolidated financial statements.

NOTE 4 – LOSS PER SHARE

The Company calculates basic loss per share by dividing net loss attributable to common shareholders by the weighted average number of common shares outstanding during the reporting period. Diluted earnings per share is calculated similarly but reflects the potential impact of shares issuable upon the conversion or exercise of outstanding convertible preferred stock, convertible notes payable, if any, stock warrants and other commitments to issue common stock, except where the impact would be anti-dilutive.

The following table sets forth the computations of basic and diluted loss per share:

SCHEDULE OF COMPUTATIONS OF BASIC AND DILUTED EARNINGS (LOSS) PER SHARE

	2024			2023
	Three Months Ended June 30,
	Six Months Ended September 30,
	2024			2023
Net loss	$	(~~968~~1,~~566~~434,712	)	$	(23,~~424~~879,~~359~~148	)
Weighted average basic and diluted shares		376,328,885			370,934,280
Weighted average basic and diluted shares*		272,971			267,295
Loss per share:
Loss per share:*
Basic and diluted	$	(05.~~002~~26	)	$	(014.0151	)

~~The following~~* ~~potentially~~Retrospectively ~~dilutive~~restated ~~securities~~for ~~and~~the ~~instruments~~1,400-to-1 ~~were~~reverse ~~outstanding~~stock assplit ofon ~~June~~September 3013, 2024~~, and 2023, but excluded from the table above:~~.

The following potentially dilutive securities and instruments were outstanding as of September 30, 2024, and 2023, but excluded from the table above:

	2024		2023
	As of June 30,
	As of September 30,
	2024		2023
Convertible notes payable		~~437~~363,~~728,937~~646		-
Stock warrants		~~208~~149,~~333,333~~035		-
Convertible preferred stock		6,320,000		6,320,000
Total potential incremental shares		~~652~~6,~~382~~832,~~270~~681		6,320,000

NOTE 5 – INVENTORY, NET

Inventory consists of the following:

SCHEDULE OF INVENTORY

	June 30, 2024			March 31, 2024
	September 30, 2024			March 31, 2024
	As of
	June 30, 2024			March 31, 2024
	September 30, 2024			March 31, 2024
Finished goods	$	2,~~719~~785,~~226~~620		$	2,878,569
Promotional items		5,940			5,940
Raw materials		77,902			77,902
Allowance for obsolescence		(1,~~607~~644,~~086~~501	)		(1,643,749	)
Inventory, net	$	1,~~195~~224,~~982~~961		$	1,318,662

The following table reflects the activity in the allowance for inventory obsolescence for the periods presented:

	2024			2023
	Three months ended June 30,
	Six months ended September 30,
	2024			2023
Balance at beginning of period	$	1,643,749		$	880,926
Provision for estimated obsolescence		(47,~~149~~938	)		152,~~847~~112
Write-offs		-			(1,170	)
Currency translation adjustment		~~(32~~8,~~514~~690	)		-
Balance at end of period	$	1,~~607~~644,~~086~~501		$	~~895~~881,~~603~~868

NOTE 6 – OTHER CURRENT ASSETS, NET

Other current assets consist of the following:

SCHEDULE OF OTHER CURRENT ASSETS

	June 30, 2024			March 31, 2024
	September 30, 2024			March 31, 2024
	As of
	June 30, 2024			March 31, 2024
	September 30, 2024			March 31, 2024
Inventory-related deposits	$	~~332~~278,~~743~~313		$	252,867
Prepaid insurance and other operational expenses		4043,~~357~~051			31,598
Deposits for sales events		23,~~428~~960			23,850
Subtotal		~~396~~345,~~528~~324			308,315
Allowance for losses		(175,641	)		(175,641	)
Other current assets	$	~~220~~169,~~887~~683		$	132,674

As of ~~June~~September 30, 2024 and March 31, 2024, the allowance for losses in connection with certain inventory-related deposits for which recoverability is $175,641.

NOTE 7 – PROPERTY AND EQUIPMENT, NET

Property and equipment consist of the following:

SCHEDULE OF PROPERTY AND EQUIPMENT

	June 30, 2024			March 31, 2024
	September 30, 2024			March 31, 2024
	As of
	June 30, 2024			March 31, 2024
	September 30, 2024			March 31, 2024
Computer software	$	1,024,274		$	1,024,274
Furniture and fixtures		285,632			285,732
Computer equipment		220,364			220,264
Leasehold improvements and other		399,306			399,306
Total property and equipment		1,929,576			1,929,576
Accumulated depreciation and amortization		(1,~~722~~765,~~410~~106	)		(1,689,633	)
Property and equipment, net	$	~~207~~164,~~166~~470		$	239,943

Depreciation and amortization expense in connection with the Company’s property and equipment for the three months ended ~~June~~September 30, 2024 and 2023 was $42,696 and $88,823, respectively. For the six months ended September 30, 2024 and 2023 was $7375,~~149~~473 and $~~178~~212,~~232~~844, respectively.

NOTE 8 – ACCRUED AND OTHER CURRENT LIABILITIES

Accrued and other current liabilities consist of the following:

	June 30, 2024		March 31, 2024
	September 30, 2024		March 31, 2024
	As of
	June 30, 2024		March 31, 2024
	September 30, 2024		March 31, 2024
Deferred sales revenues	$	~~148~~168,~~980~~806	$	162,207
Liability associated with uncertain tax positions		925,786		925,786
Accrued interest payable		2041,000		5,833
Payroll and employee benefits		~~151~~215,~~363~~598		206,426
Lease liability, current portion		5052,~~363~~392		21,909
Other accruals		1,~~464~~541,~~613~~474		1,289,790
Accrued and other current liabilities	$	2,~~761~~945,~~105~~056	$	2,611,951

Lease liability, current portion, represents obligations due within one year under operating leases for office space, automobiles, and office equipment. Other accruals include primarily operational accruals.

NOTE 9 – CONVERTIBLE NOTES PAYABLE, RELATED ~~PARTY~~PARTIES

Convertible notes payable consists of the following:

SCHEDULE OF CONVERTIBLE NOTES PAYABLE

Issuance Date	Maturity Date		Interest Rate		~~Interest Rate~~		Price (per share)		~~Price (per share)~~		September 30, 2024		~~June 30, 2024~~		March 31, 2024		~~March 31, 2024~~
							Conversion		~~Conversion~~		As of		~~As of~~
Issuance Date	Maturity Date		Interest Rate		~~Interest Rate~~		Price (per share)		~~Price (per share)~~		September 30, 2024		~~June 30, 2024~~		March 31, 2024		~~March 31, 2024~~
January 2024	July 2024	~~July 2024~~		10	%	10	%	See below		~~See Note~~	$	250,000	$	~~250,000~~	$	250,000	$	~~250,000~~
March 2024	March 2027	~~March 2027~~		6	%	6	%$	0.0012	$	~~0.0012~~		250,000		~~250,000~~		250,000		~~250,000~~
May 2024	May 2027	~~May 2027~~		8	%	8	%	0.0020		~~0.0020~~		250,000		~~250,000~~		-
June 2024	June 2027	~~June 2027~~		8	%	8	%	0.0020		~~0.0020~~		250,000		~~250,000~~		-
Total convertible notes payable														1,000,000				500,000
August 2024	August 2027			8	%			0.0020				100,000				-
Change in fair value of embedded derivatives														274,700				87,303
Total convertible notes payable												1,100,000				500,000
Subtotal														1,274,700				587,303
Change in fair value of embedded derivatives												(88,866	)			87,303
Less: current portion of convertible notes payable														268,607				262,782
Subtotal												1,011,134				587,303
Long-term convertible notes payable													$	1,006,093			$	324,521
Less: current portion												267,653				262,782
Long-term convertible notes payable											$	743,481			$	324,521

Note: The price for conversion of Principal Amount into shares of Common Stock shall be the average closing market price within last three trading days of the Common Stock form the date of Conversion Notice.

On January 17, 2024, the Company executed a convertible promissory note for $250,000 with Alset Inc, a Texas corporation (“Alset”) and a shareholder of the Company. The convertible promissory note (“Alset Note”) bears a 10% interest per annum and had an origination fee of $25,000 which is payable in cash or convertible into common shares of the Company at the option of Alset. The note and related accrued interest shall be due and payable in full on the earliest of (i) six months from the date of issuance; (ii) the acceleration of the Alset Note upon an occurrence of an event of default (as defined in the Alset Note); (iii) the third business day after the holder has delivered the Company a written demand for payment of the Alset Note; or (iv) upon the Company’s successful listing on The Nasdaq Stock Market LLC. Alset may, at its option, at any time during the term of the Alset Note, redeem a portion or all amounts of outstanding principal amount, without incurring penalties, additional interest, or other fees or charges. The Alset Note was replaced by a new securities purchase agreement dated November 12, 2024 (See Note 16).

On March 18, 2024, the Company entered into a securities purchase agreement with HWH International Inc., a Delaware corporation (“HWH”) whereby the Company issued to HWH (i) a convertible promissory note in an aggregate principal amount of $250,000.00 which shall be convertible into 208,333,333 shares of the Company’s common stock at the option of HWH and (ii) a common stock purchase warrant agreement which shall be exercisable into up to 208,333,333 shares of the Company’s common stock for an aggregate purchase price of $250,000. The convertible promissory note (the “HWH Note”) bears a 6% interest per annum and had a commitment fee of $15,000. The note, together with any accrued interest reduced by any unamortized prepaid interest shall, at the discretion of HWH, either be repaid in cash and/or convert into shares of common stock of the Company at a conversion rate of $0.0012 per share; and it shall be due and payable in full on the earliest of: (i) the third anniversary of the note; (ii) the acceleration of the note upon the occurrence of an event of default (as defined in the note); or (iii) on the fifth business day after HWH has delivered to the Company a written demand for payment of this Note. The Company may, at its option, at any time during the term of the HWH Note, redeem a portion or all amounts of outstanding Principal Amount, without incurring penalties, additional interest, or other fees or charges. The purchase price of one share of common stock of the Company under this warrant shall be equal to $0.0012. The exercise period for each warrant will be five years from the date of this warrant.

On May 9, 2024, the Company entered into a securities purchase agreement (the “May HWH SPA”) with HWH whereby the Company issued to HWH a convertible promissory note (the “May HWH Note”) in an aggregate principal amount of $250,000, for a purchase price of $250,000. The May HWH Note bears interest at 8% per annum, contains a commitment fee of $20,000, and at the option of HWH, convertible into 125,000,000 shares of Common Stock. The May HWH Note, together with any accrued interest, reduced by any unamortized prepaid interest shall, at the discretion of HWH, either be repaid in cash and/or convert into shares of Common Stock of the Company at a conversion rate of $0.002 per share; due and payable in full on the earliest of: (i) the third anniversary of the May HWH Note; (ii) the acceleration of the May HWH Note upon the occurrence of an event of default (as defined in the May HWH Note); or (iii) on the fifth business day after HWH has delivered to the Company a written demand for payment of the May HWH Note. The Company may, at its option, at any time during the term of the May HWH Note, redeem a portion or all amounts of outstanding principal amount, without incurring penalties, additional interest, or other fees or charges.

On June 6, 2024, the Company entered into a securities purchase agreement (the “June HWH SPA”) with HWH whereby the Company issued to HWH a convertible promissory note (the “June HWH Note”) in an aggregate principal amount of $250,000, for a purchase price of $250,000. The June HWH Note bears interest at 8% per annum and contains a commitment fee of $20,000. The June HWH Note, together with any accrued interest, reduced by any unamortized prepaid interest shall, at the discretion of HWH, either be repaid in cash and/or converted into 2,500,000,000 shares of Common Stock at a conversion rate of $0.0001 per share; due and payable in full on the earliest of: (i) the third anniversary of the June HWH Note; (ii) the acceleration of the June HWH Note upon the occurrence of an event of default (as defined in the June HWH Note); or (iii) on the fifth business day after HWH has delivered to the Company a written demand for payment of the June HWH Note. The Company may, at its option, at any time during the term of the June HWH Note, redeem a portion or all amounts of outstanding principal amount, without incurring penalties, additional interest, or other fees or charges.

On June 19, 2024, the Company and HWH entered into an addendum to the June HWH SPA and June HWH Note to amend: (i) the number of shares of Common Stock convertible under the June HWH Note from 2,500,000,000 to 125,000,000; and (ii) the conversion rate from $0.0001 to $0.002.

~~During~~On August 13, 2024, the Company entered into a securities purchase agreement (the ~~three~~“August ~~months~~HWH ~~ended~~SPA”) ~~June~~with 30HWH whereby the Company issued to HWH a convertible promissory note (the “August HWH Note”) in an aggregate principal amount of $100,000, ~~2024~~for ~~and~~a ~~2023~~purchase price of $100,000. The August HWH Note bears interest ~~expense~~at 8% ~~associated~~per annum and contains a commitment fee of $8,000. The August HWH Note, together with ~~the~~any ~~Company’s~~accrued ~~convertible~~interest, ~~notes~~reduced ~~was~~by ~~approximately~~any unamortized ~~$14~~prepaid interest shall,~~167~~ at the discretion of HWH, either be repaid in cash and/or converted into 50,000,000 shares of Common Stock at a conversion rate of $0.002 per share; due and payable in full on the earliest of: (i) the third anniversary of the August HWH Note; (ii) the acceleration of the August HWH Note upon the occurrence of an event of default (as defined in the August HWH Note); or (iii) on the fifth business day after HWH has delivered to the Company a written demand for payment of the August HWH Note. The Company may, at its option, at any time during the term of the August HWH Note, redeem a portion or all amounts of outstanding principal amount, without incurring penalties, additional interest, or other fees or charges.

In connection with the Reverse Split (see Note 3), the stock warrants issued to HWH in March 2024 could be exercised into 149,035 shares of the Company’s common stock; and if HWH were to convert the HWH Note, the March HWH Note, the May HWH Note, the June HWH Note and the August HWH Note into the Company’s common stock, the Company will be obligated to issue 363,646 shares of its common stock. During the six months ended September 30, 2024 and 2023, interest expense associated with the Company’s convertible notes was approximately $35,167 and $0.

NOTE 10 – INCOME TAXES

The statutory rates for our domestic and our material foreign operations are as follows for the periods shown:

Country	2024			2023
United States		21	%		21	%
Republic of Korea		21	%		21	%
Effective income tax rate		21	%		21	%

Our consolidated effective income tax rate reconciliation is as follows:

	2024			2023
	Three Months Ended June 30,
	Six Months Ended September 30,
	2024			2023
Federal statutory rate		21.0	%		21.0	%
State and local income taxes					(0.3	)
Permanent differences		0.8			0.8
Change in valuation allowance for NOL carry-forwards		(21.0	)		(21.0	)
Stock warrant transactions and other items		-
Effective income tax rate		0.8	%		0.5	%

Income taxes applicable to our foreign operations are not material in the periods presented.

NOTE 11 - RELATED PARTY TRANSACTIONS

Alset Inc.

HWH International Inc.

On March 18, 2024, the Company entered into a securities purchase agreement with HWH International Inc., a Delaware corporation whereby the Company issued to HWH (i) a convertible promissory note in an aggregate principal amount of $250,000.00 which shall be convertible into 208,333,333 shares of the Company’s common stock at the option of HWH and (ii) a common stock purchase warrant agreement which shall be exercisable into up to 208,333,333 shares of the Company’s common stock for an aggregate purchase price of $250,000. The convertible promissory note (the “HWH Note”) bears a 6% interest per annum and had a commitment fee of $15,000. The note, together with any accrued interest reduced by any unamortized prepaid interest shall, at the discretion of HWH, either be repaid in cash and/or convert into shares of common stock of the Company at a conversion rate of $0.0012 per share; and it shall be due and payable in full on the earliest of: (i) the third anniversary of the note; (ii) the acceleration of the note upon the occurrence of an event of default (as defined in the note); or (iii) on the fifth business day after HWH has delivered to the Company a written demand for payment of this Note. The Company may, at its option, at any time during the term of the HWH Note, redeem a portion or all amounts of outstanding Principal Amount, without incurring penalties, additional interest, or other fees or charges. The purchase price of one share of common stock of the Company under this warrant shall be equal to $0.0012. The exercise period for each warrant will be five years from the date of this warrant. On June 19, 2024, the Company and HWH executed an amended to revise the conversion rate from $0.0001 to $0.002.

On August 13, 2024, the Company entered into a securities purchase agreement (the “August HWH SPA”) with HWH whereby the Company issued to HWH a convertible promissory note (the “August HWH Note”) in an aggregate principal amount of $100,000, for a purchase price of $100,000. The August HWH Note bears interest at 8% per annum and contains a commitment fee of $8,000. The August HWH Note, together with any accrued interest, reduced by any unamortized prepaid interest shall, at the discretion of HWH, either be repaid in cash and/or converted into 50,000,000 shares of Common Stock at a conversion rate of $0.002 per share; due and payable in full on the earliest of: (i) the third anniversary of the August HWH Note; (ii) the acceleration of the August HWH Note upon the occurrence of an event of default (as defined in the August HWH Note); or (iii) on the fifth business day after HWH has delivered to the Company a written demand for payment of the August HWH Note. The Company may, at its option, at any time during the term of the August HWH Note, redeem a portion or all amounts of outstanding principal amount, without incurring penalties, additional interest, or other fees or charges.

Mr. Chan, the Company’s chairman is the executive chairman and a director of HWH; Mr. Thatch, the Company’s chief executive officer (CEO) is the CEO of HWH.

NOTE 12 – ~~STOCK-BASED~~LEASES ~~COMPENSATION~~

Stock Warrants

In the fiscal year ended March 31, 2023, the Company issued a fully vested warrant to purchase up to 8,444,663 shares of the Company’s Common Stock, at the exercise price of $0.0001 per share, to the Company’s CEO John “JT” Thatch. The fair value of the warrant on the grant date was $109,780.

During fiscal year 2020, subsidiaries of the Company entered multi-year employment agreements with its key employees. In general, each employment contract contained a fully vested initial grant of warrants exercisable at a fixed exercise price and, provided for subsequent grants that were exercisable at a discounted price based on the 10-day average stock price determined at the time of exercise. The subsequent grants would vest at each anniversary date of the employment agreement effective date. The Company begins recognizing the compensatory nature of the warrants at the service inception date and ceases recognition at the vesting date. Due to the variable nature of the exercise price for some grants, the Company will continue to recognize expense (or benefit) after the end of the service period until the warrants are exercised or expire. As such, the Company disclosures below are based on either (i) the fixed exercise price of the warrant; or (ii) the variable exercise price of the warrant as determined on the last day of the period.

During the three months ended June 30, 2024 and 2023, the Company didn’t recognized a compensatory gain in connection with grants with a variable exercise price after service is completed. As of June 30, 2024, there are no warrants outstanding with a variable exercise price.

NOTE 13 – LEASES

The Company leases space for its offices and warehouse space, under lease agreements classified as “operating leases” as defined in ASC Topic 842.

The Company leases space for its corporate headquarters, warehouse space, automobiles, and office and other equipment, under lease agreements classified as operating leases. The Company has remaining lease terms of approximately 1 to 10 years on the remaining Leases. Leases with an initial term in excess of 12 months are recognized on the consolidated balance sheet based on the present value of future lease payments over the defined lease term at the lease commencement date. Future lease payments were discounted using an implicit rate of 10% to 12% in connection with most leases.

The following information pertains to the Company’s leases as of the balance sheet dates indicated:

Assets	Classification	~~June~~September 30, 2024		March 31, 2024
		As of
Assets	Classification	~~June~~September 30, 2024		March 31, 2024
Operating leases	Right-of-use assets, net	$	~~390~~378,~~998~~565	$	403,107
Total lease assets		$	~~390~~378,~~998~~565	$	403,107
Liabilities
Operating leases	Accrued and other current liabilities	$	5052,~~363~~392	$	21,909
Operating leases	Lease liability, long-term		~~375~~361,~~695~~149		416,277
Total lease liabilities		$	~~426~~413,~~058~~541	$	438,186

The following information pertains to the Company’s leases for the periods indicated:

SCHEDULE OF OPERATING LEASE COSTS

Lease cost	Classification	2024		2023
		Three Months Ended June 30,
		Six Months Ended September 30,
Lease cost	Classification	2024		2023
Operating lease cost	General and administrative expenses	$	2352,~~972~~273	$	2755,~~534~~823
Total lease cost		$	2352,~~972~~273	$	2755,~~534~~823

The Company’s lease liabilities are payable as follows:

Twelve months ending June 30,	Amount
Twelve months ending September 30,	Amount
2024	$	50,031
2025	$	25,016
2025		102,842
2026		102,842
2026		105,621
2027		105,621
2027		108,400
2028		108,400
2028		111,180
2029		111,180
Thereafter		111,~~460~~223
Total remaining payments		~~589~~564,~~534~~282
Less imputed interest		(~~163~~150,~~476~~741	)
Total lease liability	$	~~426~~413,~~058~~541

2019

NOTE 1413 – COMMITMENTS AND CONTINGENCIES

Legal Matters in General

The Company has incurred several claims in the normal course of business. The Company believes such claims can be resolved without any material adverse effect on our consolidated financial position, results of operations, or cash flows.

The Company maintains certain liability insurance. However, certain costs of defending lawsuits are not covered by or only partially covered by its insurance policies, including claims that are below insurance deductibles. Additionally, insurance carriers could refuse to cover certain claims, in whole or in part. The Company accrues costs to defend itself from litigation as they are incurred.

The outcome of litigation is uncertain, and despite management’s view of the merits of any litigation, or the reasonableness of the Company’s estimates and reserves, the Company’s financial statements could nonetheless be materially affected by an adverse judgment. The Company believes it has adequately reserved for the contingencies arising from current legal matters where an outcome was deemed to be probable, and the loss amount could be reasonably estimated. No provision for legal matters was deemed necessary as of ~~June~~September 30, 2024.

Legal Proceedings

The Company from time to time is involved in various claims and lawsuits incidental to the conduct of its business in the ordinary course. We do not believe that the ultimate resolution of these matters will have a material adverse impact on our consolidated financial position, results of operations or cash flows. Case No. 4:20-cv-00946; Dennis Burback, Ken Eddy and Mark Andersen v. Robert Oblon, Jordan Brock, Jeff Bollinger, Four Oceans Global, LLC, Four Oceans Holdings, Inc., Alchemist Holdings, LLC, Elepreneurs U.S., LLC, Elevacity U.S., LLC, Sharing Services Global Corporation, Custom Travel Holdings, Inc., and Does 1-5, pending in the United States District Court for the Eastern District of Texas (the “Burback Lawsuit”). On December 11, 2020, three investors in Four Oceans Global, LLC filed a lawsuit against the Company, its affiliated entities, and other persons and entities related to an investment made by the three Plaintiffs in 2015. The Company and its affiliated entities filed an answer denying the three investors’ claims. Plaintiffs filed a First Amended Complaint on October 14, 2021. The Company and its affiliated entities responded in November 2021 by filing a Motion to Dismiss the claims contained in the Amended Complaint. The Motion was granted on July 20, 2022, by Court Order dismissing with prejudice the Company and all affiliated entities from the lawsuit. In early August 2022, Plaintiffs on their own motion moved to dismiss all claims against the remaining parties in the case to enable the Order of Dismissal to become an appealable, final Order. On September 7, 2022, Plaintiffs filed a Notice of Appeal to the United States Court of Appeals for the Fifth Circuit. The Plaintiffs filed their Proposed Sufficient Brief of Appellants with the Fifth Circuit on January 2, 2023. The Company filed a Response Brief on February 22, 2023. This case is now dismissed, as the Appeals Court decided not to hear the Appeal.

~~Case~~The company ~~No.~~was ~~4:20-cv-00946;~~informed ~~Dennis~~that ~~Burback, Ken Eddy and Mark Andersen v. Robert Oblon,~~ Jordan Brock, ~~Jeff~~who ~~Bollinger,~~was ~~Four~~a ~~Oceans~~party ~~Global,~~to ~~LLC,~~this ~~Four~~lawsuit ~~Oceans~~has ~~Holdings,~~filed ~~Inc., Alchemist Holdings, LLC, Elepreneurs U.S., LLC, Elevacity U.S., LLC, Sharing Services Global Corporation, Custom Travel Holdings, Inc., and Does 1-5, pending in the United States District Court~~ for ~~the Eastern District of Texas~~Bankruptcy. On ~~December~~January 115, ~~2020~~2024, ~~three investors in Four Oceans Global, LLC filed a lawsuit against~~ the ~~Company,~~Debtor ~~its affiliated entities, and other persons and entities related to an investment made by the three Plaintiffs in 2015. The Company and its affiliated entities~~ filed ~~an answer denying the three investors’ claims. Plaintiffs filed~~ a ~~First~~voluntary ~~Amended~~petition ~~Complaint on October 14, 2021. The Company and its affiliated entities responded~~ in ~~November~~this ~~2021~~Court byfor ~~filing~~relief aunder ~~Motion~~Chapter to13 ~~Dismiss~~of the ~~claims~~Bankruptcy ~~contained in the Amended Complaint~~Code. ~~The~~On ~~Motion~~April ~~was granted on July 20~~18, ~~2022~~2024, ~~by Court Order dismissing with prejudice~~ the ~~Company~~Debtor’s ~~and~~Chapter 13 ~~all~~bankruptcy ~~affiliated~~case ~~entities~~was ~~from~~converted ~~the lawsuit. In early August 2022, Plaintiffs on their own motion moved~~ to ~~dismiss~~a ~~all claims against the remaining parties in the~~ case tounder ~~enable~~Chapter ~~the Order of Dismissal to become an appealable, final Order. On September~~ 7, ~~2022, Plaintiffs filed a Notice~~ of ~~Appeal to~~ the ~~United~~Bankruptcy ~~States~~Code. ~~Court~~The ofTrustee ~~Appeals~~(Christopher ~~for the Fifth Circuit~~J. ~~The~~Moser) ~~Plaintiffs~~was ~~filed~~appointed ~~their~~as the ~~Proposed~~Chapter ~~Sufficient~~7 ~~Brief~~trustee of ~~Appellants with~~ the ~~Fifth~~Debtor’s ~~Circuit~~bankruptcy ~~on January 2~~estate, ~~2023.~~and ~~The~~he ~~Company~~continues ~~filed~~to aserve ~~Response~~in ~~Brief~~that ~~on February 22, 2023~~capacity. ~~The appeal is still pending as of June 30, 2024.~~

21The Trustee has filed a lawsuit against the Company Case No. 24-40057; Christopher J. Moser, Trustee v. Sharing Services Global Corporation (the “Adversary Proceeding”) asserting that Jordan Brock’s legal fees in the amount of $252,587.79 in which he allegedly spent to defend himself against the lawsuit should be the Company’s responsibility.

~~NOTE~~The 15Company -has ~~FAIR~~been ~~VALUE~~served ~~MEASUREMENTS~~with OFa ~~FINANCIAL~~Summons ~~INSTRUMENTS~~ by the United States Bankruptcy Court; Eastern District of Texas; Christoper J. Moser (Trustee) in the Adversary Proceeding which the Company intends to challenge on several bases including the failure of Brock and related entities seeking indemnification to meet the standard of entitlement to the benefit of the mandatory indemnification provisions of the Nevada Revised Statutes , based in part on the provisions of the Amended Complaint in the Burback Lawsuit.

NOTE 14 - FAIR VALUE MEASUREMENTS OF FINANCIAL INSTRUMENTS

The Company’s financial instruments consist of cash equivalents, if any, accounts receivable, notes receivable, accounts payable, and notes payable, including convertible notes. The carrying amounts of cash equivalents, if any, accounts receivable, notes receivable, and accounts payable approximate their respective fair values due to the short-term nature of these financial instruments.

The Company measures and discloses the fair value of its financial instruments under the provisions of ASC Topic 820 – Fair Value Measurement, as amended (“ASC 820”). The Company defines “fair value” as the price that would be received to sell an asset or paid to transfer a liability (i.e., the exit price) in an orderly transaction between market participants at the measurement date. ASC 820 establishes a three-level hierarchy for measuring fair value and requires entities to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. There were no transfers between the levels of the fair value hierarchy during the periods covered by the accompanying consolidated financial statements.

Consistent with the valuation hierarchy contained in ASC Topic 820, we categorized certain of our financial assets and liabilities as follows:

As of June 30, 2024

As of September 30, 2024

Total

Level 1

Level 2

Level 3

Assets

Investment in unconsolidated entities

Total assets

Liabilities

Convertible notes payable

1,~~145~~011,~~534~~134

Total liabilities

1,~~145~~011,~~534~~134

	As of March 31, 2024
	Total		Level 1		Level 2		Level 3
Assets
Investment in unconsolidated entities	$	-	$	-	$	-	$	-
Total assets	$	-	$	-	$	-	$	-
Liabilities
Convertible notes payable	$	587,303	$	-	$	587,303	$	-
Total liabilities	$	587,303	$	-	$	587,303	$	-

NOTE 1615 – SUBSEQUENT EVENTS

~~The~~ On November 12 2024, the Company ~~has~~and ~~evaluated~~Alset ~~all~~executed ~~subsequent~~a ~~events~~securities purchase agreement and ~~transactions~~a ~~through~~convertible ~~August~~promissory note 9for $250,000 (the “New AEI Note”) to replace the Alset Note that was executed in January 2024. Pursuant to the New Note, the Parties agreed to carry forward the ~~date~~principal ~~that~~amount of $250,000 from the ~~condensed~~Alset ~~consolidated~~Note, ~~financial statements~~and ~~were~~Alset ~~available~~agreed to waive all interests (including any default interest) accrued on the principal amount under the Alset Note. The New AEI Note bears an 8% interest per annum, had an origination fee of $25,000 which is payable in cash or convertible into common shares of the Company at the option of Alset, and it may be ~~issued~~converted into 2,500,000 shares of the Company’s common stock (representing a conversion rate of US$0.10 per share based on the closing market price of the Company’s common stock on September 30, 2024) at Alset’s option, The principal amount of this New AEI Note, plus any unpaid interest and ~~noted~~fees, noshall ~~subsequent~~be ~~events~~due ~~requiring~~and ~~financial~~fully ~~statement~~payable ~~recognition~~by the earliest of (i) the second (2nd) anniversary of the New Alset Note; (ii) upon the occurrence of an Event of Default; or ~~disclosure~~(iii) fifth (5th) business day after Alset has delivered to the Company a written demand for payment.

22The Company has evaluated all subsequent events and transactions through the date that the condensed consolidated financial statements were available to be issued and noted no other subsequent events requiring financial statement recognition or disclosure.

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

The following section discusses management’s views of the financial condition and the results of operations and cash flows of Sharing Services Global Corporation and consolidated subsidiaries. This section should be read in conjunction with: (a) our audited consolidated financial statements and related notes included in our Annual Report on Form 10-K for the fiscal year ended March 31, 2024, and (b) our condensed consolidated financial statements included elsewhere in this Quarterly Report. This section may contain forward-looking statements. See “Cautionary Notice Regarding Forward-Looking Statements” above for a discussion of forward-looking statements.

Summary Results of Operations:

	Three Months Ended June 30,
	Three Months Ended												Six Months Ended
	2024			2023			Increase (Decrease)			% Change
	September 30, 2024			September 30, 2023			Increase (Decrease)			% Change			September 30, 2024			September 30, 2023			Increase (Decrease)			% Change
Net sales	$	2,~~221~~084,~~524~~658		$	2,~~878~~408,~~121~~704		$	(~~656~~324,~~597~~046	)		-2213.85	%	$	4,306,182		$	5,286,825		$	(980,643	)		-18.5	%
Gross profit		1,~~544~~460,~~673~~526			21,~~032~~738,~~292~~901			(~~487~~278,~~619~~375	)		-2416.0	%		3,005,198			3,771,193			(765,995	)		-20.3	%
Operating expenses		(2,~~181~~095,~~842~~072	)		(32,~~708~~859,~~562~~297	)		1764,~~526,720~~225			-4126.27	%		(4.276,914	)		(6,567,857	)		2,290,943			-34.9	%
Operating loss		(~~637~~634,~~169~~546	)		(1,~~676~~120,~~270~~396	)		1485,~~039,101~~850			-6243.04	%		(1,271,716	)		(2,796,664	)		1,524,948			-54.5	%
Non-Operating expense, net		(331,397	)		(735,987	)		533,756			-72.5	%
Non-Operating income (expense), net		168,401			(346,496	)		514,897			-148.6	%		(162,996	)		(1,082,484	)		919,487			-84.9	%
Loss before income taxes		(~~968~~466,~~566~~145	)		(21,~~412~~466,~~257~~892	)		1,~~572~~000,~~857~~747			-6568.2	%		(1,434,712	)		(3,879,148	)		2,444,436			-63.0	%
Income tax expense		-			(12,102	)		(12,102	)		-100.0	%		-			-			-			0.0	%
Net loss	$	(~~968~~466,~~566~~145	)	$	(21,~~424~~454,~~359~~790	)	$	1988,~~584,959~~645			-6568.40	%	$	(1,434,712	)	$	(3,879,148	)	$	2,444,436			-63.0	%

Highlights for the Three months ended ~~June~~September 30, 2024:

● For the three months ended ~~June~~September 30, 2024, our consolidated net sales decreased $0.73 million, or 2213.85%, compared to the three months ended ~~June~~September 30, 2023. ● For the three months ended ~~June~~September 30, 2024, our consolidated gross profit decreased $0.53 million, or 2416.0%, compared to the three months ended ~~June~~September 30, 2023. Our consolidated gross margin was 6970.51% for the three months ended ~~June~~September 30, 2024, compared to 7072.62% for the three months ended ~~June~~September 30, 2023. ● For the three months ended ~~June~~September 30, 2024, our consolidated operating expenses decreased $10.58 million, or 4126.27% to 2.21 million, compared to the three months ended ~~June~~September 30, 2023. ● For the three months ended ~~June~~September 30, 2024, our consolidated operating loss was $0.6 million, compared to operating loss of $1.71 million for the three months ended ~~June~~September 30, 2023. ● For the three months ended ~~June~~September 30, 2024, our consolidated net non-operating ~~expense~~income was $0.32 million, compared to net non-operating expense of $0.73 million for the three months ended ~~June~~September 30, 2023. ● For the three months ended ~~June~~September 30, 2024, our consolidated net loss was approximately $1.0.5 million, compared to $21.45 million for the three months ended ~~June~~September 30, 2023. For the three months ended ~~June~~September 30, 2024, ~~and 2023,~~ our basic and diluted loss per share was $01.~~002~~68 ~~and~~compared to $05.0140 for the three months ended September 30, ~~respectively~~2023.

2322

Overview

Summary Description of Business

Sharing Services Global Corporation and subsidiaries (“Sharing Services”, “we,” or the “Company”) aim to build shareholder value by developing or acquiring businesses and technologies that increase the Company’s product and services portfolio, business competencies, and geographic reach.

Currently, the Company, through its subsidiaries, markets and distributes its health and wellness and other products primarily in the U.S. and Canada using a direct selling business model. In addition, the Company’s U.S. subsidiaries market our products and services through an independent sales force, using their proprietary websites, including: www.thehappyco.com.

~~The~~Sharing ~~Company~~Services was incorporated in the State of Nevada on April 24, 2015.

As further discussed below, the Company intends to continue to grow its business both organically and by making strategic acquisitions from time to time of businesses and technologies that augment its product portfolio, complement its business competencies, and fit its growth strategy.

Financing Arrangements

Historically, the Company has funded a substantial portion of its liquidity and cash needs through the issuance of notes or convertible notes and borrowings under short-term financing arrangements, and issuance of equity securities. See “Liquidity and Capital Resources” below for additional information about the Company’s convertible notes and borrowings under short-term financing arrangements.

Industry and Business Trends

The information in “Industry and Business Trends” included in ITEM 1 — “Business” in our Annual Report on Form 10-K for the fiscal year ended March 31, 2024, is incorporated herein by reference.

Strategic Profitable Growth Initiatives

The Company intends to grow its business by pursuing a multipronged growth strategy, that includes: (a) expanding its product offerings, both within the health and wellness category and in new product categories, (b) expanding its direct-to-consumer geographic footprint and (c) re-vamping and re-launching its previously announced membership-based consumer travel products line worldwide. This growth strategy may also include the use of strategic acquisitions of businesses that augment the Company’s product and services portfolio, business competencies and geographic reach.

2423

Results of Operations

~~Three~~The Three months ended ~~June~~September 30, 2024, asCompared ~~compared~~ to the Three months ended ~~June~~September 30, 2023

Net Sales

For the three months ended ~~June~~September 30, 2024, our consolidated net sales decreased by $0.73 million, or 2213.85%, to $2.21 million, compared to the three months ended ~~June~~September 30, 2023. The decrease in net sales mainly reflects: (a) the decline in orders from independent distributors; (b) the decline in the number of independent distributors, resulting, in part, from recent product reformulations and increased competition for independent distributors, and (c) the generally adverse impact on consumer buying trends resulting from the recent increase in consumer good prices in the U.S.

During the three months ended ~~June~~September 30, 2024, and 2023, the Company derived substantially all its consolidated net sales from the sale of ~~its~~ its health and wellness products.

Gross Profit

For the three months ended ~~June~~September 30, 2024, our consolidated gross profit decreased by approximately $0.53 million, to $1.5 million, compared to the three months ended ~~June~~September 30, 2023; and our consolidated gross margin was 6970.51% and 7072.62%, respectively. The gross margin was ~~about~~ about the same compared to the last year’s which is mainly due to efforts to reduce our cost of goods sold and our shipping expenses.

Selling and Marketing Expenses

For the three months ended ~~June~~September 30, 2024, our consolidated selling and marketing expenses decreased by $0.81 million, to $0.67 million, or 28or 31.63% of consolidated net sales, compared to $10.47 million, or 4930.49% of consolidated net sales, for the three months ended ~~June~~ September 30, 2023. The $0.81 million decrease in consolidated selling and marketing expenses is primarily due to lower sales commissions ~~of $0.5 million~~ (which ~~reflects~~ reflects the decrease in consolidated sales discussed above)~~, lower convention expenses of $0~~.~~2 million, and lower marketing expenses of $0.1 million.~~

General and Administrative Expenses

For the three months ended ~~June~~September 30, 2024, our consolidated general and administrative expenses (which include corporate employee ~~compensation~~ compensation and benefits, stock-based compensation, professional fees, rent and other occupancy costs, certain consulting fees, telephone and information technology expenses, insurance premiums, and other administrative expenses) decreased by approximately $0.7 million, to $1.54 million. The $0.7 million decrease was primarily due to lower consulting expense of approximately $0.3 2 million, and lower employee compensation and compensation-related benefits of $0.3 million due to less headcount year over year.

Change in Fair Value of Embedded Derivatives

For the three months ended ~~June~~September 30, 2024, we recorded a non-cash ~~charge~~income of approximately $~~187~~364,000 in connection with the issuance of five ~~four~~ convertible promissory notes to our related parties Alset Inc. and HWH International Inc., representing the change in fair value of embedded derivatives.

Interest Expense, Net

For the three months ended ~~June~~September 30, 2024, our consolidated interest expense was $~~147~~161,~~664~~908, excluding interest income of $113.

For the three months ended ~~June~~September 30, 2023, our consolidated interest expense was $~~680~~453,~~082~~480, excluding amortization of debt discount and ~~amortization~~ amortization of deferred financing costs of $~~515~~1,~~728~~509,812, and interest income of $~~289,999~~25.

2524

Other ~~Gain on Extinguishment of Debt~~Income

For the three months ended ~~June~~September 30, ~~2024~~2023, noSharing ~~gain~~Services onqualified ~~extinguishment~~and ofis ~~debt~~eligible ~~was~~for ~~recognized~~a U.S. government ERTC (employee retention tax credit) for $1.8 million.

~~Effective~~ ~~June~~Loss ~~30,~~on ~~2023,~~Extinguishment ~~the Company, and DSSI, entered into three transactions whereby such transactions offset certain liabilities through the sale~~ of ~~assets. The Company recognized the transactions as extinguishment of debt of $150,634, before income tax, in connection therewith.~~Debt

~~Unrealized~~For ~~Loss~~the three months ended September 30, 2024, no gain on ~~investment~~extinguishment of debt was recognized.

~~For~~In August 2023, Sharing Services and DSSI entered into an agreement pursuant to which DSSI agreed to cancel the ~~three~~promissory ~~months~~note ~~ended~~dated June 15, 302022, ~~2024~~including the aggregate principal amount of the Note and unpaid interest of $26.2 million in exchange for 26,000 noshares of Sharing Services Series D Preferred Stock, par value $0.0001 per share. The Company recognized a loss on ~~unrealized~~extinguishment ~~investment~~of ~~was~~debt ~~recognized~~of $188,842 in connection therewith.

~~For~~Other ~~the~~Non-operating ~~three~~Income ~~months ended June 30~~(expense), ~~2023, the Company recognized an unrealized loss, before income tax, of $78,632 in connection with its investment in Stemtech.~~net

~~Other~~For ~~Non-operating~~the ~~Income~~three months ended September 30, ~~net~~2024, there was a loss of foreign currency transactions of $33,370.

For the three months ended ~~June~~September 30, ~~2024~~2023, there was a gain of foreign currency transactions of 3$5,~~664~~613.

~~For~~Income ~~the~~Tax ~~three months ended June 30, 2023, our net consolidated non-operating income includes recoveries on litigation settlements of $100,000 and other non-operating expense $2,178.~~Expense

Income ~~Tax~~tax ~~Benefit~~expenses include current and deferred income taxes for both our domestic and foreign operations. Income from our international operations is subject to taxation in the countries in which we operate.

~~Income~~For the three months ended September 30, 2024, no income tax (benefit)/expense ~~expenses~~was ~~includes~~recognized. ~~current~~During ~~and~~the ~~deferred~~three ~~income~~months ~~taxes~~ended ~~for~~September ~~both~~30, 2023, ~~our~~the ~~domestic~~Company ~~and~~recognized ~~foreign~~a ~~operations.~~current ~~Income~~federal ~~from~~income ~~our~~tax ~~international operations~~expense isof ~~subject~~$3,176, toand ~~taxation~~a instate ~~the~~and ~~countries~~local intax ~~which~~expense weof ~~operate~~$8,926.

For the three months ended June 30, 2024, no income tax benefit/expense was recognized. During the three months ended June 30, 2023, the Company recognized a current federal income tax expense of $3,176, and a state and local tax expense of $8,926.

Net Loss and Loss per Share

As a result of the foregoing, for the three months ended ~~June~~September 30, 2024, our consolidated net loss was $1.0.5 million, compared to $21.4 5 million for the three months ended ~~June~~September 30, 2023. For the three months ended ~~June~~September 30, 2024, our basic and ~~June~~diluted loss per share was $1.68. For the three months ended September 30, 2023, our basic and ~~diluted~~ diluted loss per share was $05.~~002 and $0~~40.~~01, respectively.~~

Six months ended September 30, 2024, as compared to the Six months ended September 30, 2023

Net Sales

For the six months ended September 30, 2024, our consolidated net sales decreased by $1.0 million, or 18.5%, to $4.3 million, compared to the six months ended September 30, 2023. The decrease in net sales mainly reflects: (a) the decline in orders from independent distributors; (b) the decline in the number of independent distributors, resulting, in part, from recent product reformulations and increased competition for independent distributors, and (c) the generally adverse impact on consumer buying trends resulting from the recent increase in consumer good prices in the U.S.

During the six months ended September 30, 2024, and 2023, the Company derived substantially all its consolidated net sales from the sale of its health and wellness products.

Gross Profit

For the six months ended September 30, 2024, our consolidated gross profit decreased by approximately $0.8 million, to $3.0 million, compared to the six months ended September 30, 2023; and our consolidated gross margin was 69.8% and 71.3%, respectively. The gross margin was about the same compared to the last year’s which is mainly due to efforts to reduce our cost of goods sold and our shipping expenses.

Selling and Marketing Expenses

For the six months ended September 30, 2024, our consolidated selling and marketing expenses decreased by $0.9 million, to $1.3 million, or 29.9% of consolidated net sales, compared to $2.2 million, or 40.9% of consolidated net sales, for the six months ended September 30, 2023. The $0.9 million decrease in consolidated selling and marketing expenses is primarily due to lower sales commissions of $0.7 million (which reflects the decrease in consolidated sales discussed above) and lower convention expenses of $0.2 million.

General and Administrative Expenses

For the six months ended September 30, 2024, our consolidated general and administrative expenses (which include corporate employee compensation and benefits, stock-based compensation, professional fees, rent and other occupancy costs, certain consulting fees, telephone and information technology expenses, insurance premiums, and other administrative expenses) decreased by approximately $1.4 million, to $3.0 million. The $1.4 million decrease was primarily due to lower consulting expense of approximately $0.4 million, and lower employee compensation and compensation-related benefits of $0.6 million due to less headcount year over year.

Change in Fair Value of Embedded Derivatives

For the six months ended September 30, 2024, we recorded a non-cash income of approximately $176,000 in connection with the issuance of five convertible promissory notes to our related parties Alset Inc. and HWH International Inc., representing the change in fair value of embedded derivatives.

Interest Expense, Net

For the six months ended September 30, 2024, our consolidated interest expense was $309,854, excluding interest income of $395.

For the six months ended September 30, 2023, our consolidated interest expense was $1.1 million, excluding amortization of debt discount and amortization of deferred financing costs of $2.0 million, and interest income of $290,024.

Loss on Extinguishment of Debt

For the six months ended September 30, 2024, no gain on extinguishment of debt was recognized.

Effective June 30, 2023, the Company, and DSSI, entered into three transactions whereby such transactions offset certain liabilities through the sale of assets. The Company recognized the transactions as extinguishment of debt of with a gain of $150,634, before income tax, in connection therewith. In August 2023, Sharing Services and DSSI entered into an agreement pursuant to which DSSI agreed to cancel the promissory note dated June 15, 2022, including the aggregate principal amount of the Note and unpaid interest of $26.2 million in exchange for 26,000 shares of Sharing Services Series D Preferred Stock, par value $0.0001 per share. The Company recognized a loss on extinguishment of debt of $188,842 in connection therewith.

Other Non-operating Income (expense), net

For the six months ended September 30, 2024, there was a loss of foreign currency transactions of $29,706.

For the six months ended September 30, 2023, our net consolidated non-operating income, includes litigation settlements and other non-operating income of $103,434.

Net Loss and Loss per Share

As a result of the foregoing, for the six months ended September 30, 2024, our consolidated net loss was $1.4 million, compared to $3.9 million for the six months ended September 30, 2023. For the six months ended September 30, 2024, and September 30, 2023, our basic and diluted loss per share was $5.26 and $14.51, respectively.

Liquidity and Capital Resources

We broadly define liquidity as our ability to generate sufficient cash, from internal and external sources, to meet our obligations and commitments. We believe that, for this purpose, liquidity cannot be considered separately from capital resources.

Working Capital

Working capital (total current assets minus total current liabilities). We had a deficiency in our working capital of approximately $45.41 million as of ~~June~~September 30, 2024, compared to $4.2 million as of March 31, 2024.

As of ~~June~~September 30, 2024, and March 31, 2024, our cash and cash equivalents were $0.67 million and $0.9 million, respectively. Based upon ~~the~~ the current level of operations and anticipated investments necessary to grow our business, while we believe that existing cash balances and anticipated funds from operations may be sufficient to meet our working capital requirements over the next 12 months, we will need to obtain additional financing through the issuance of equity securities and convertible promissory notes. Please see NOTE 2 – GOING CONCERN.

2625

Historical Cash Flows

Historically, our primary sources of cash have been capital transactions involving the issuance of equity securities and secured and unsecured debt (See “Short-term Borrowings and Convertible Notes” below) and cash flows from operating activities; and our primary uses of cash have been for operating activities, capital expenditures, acquisitions, net cash advances to related parties, and debt repayments in the ordinary course of our business.

The following table summarizes our cash flow activities for the ~~three~~six months ended ~~June~~September 30, 2024, compared to the ~~three~~six months ended ~~June~~ September 30, 2023:

	Three Months Ended June 30,
	Six Months Ended September 30,
	2024			2023
Net cash used in operating activities	$	(~~821~~1,~~795~~243,216	)	$	(12,~~788~~970,~~977~~305	)
Net cash provided by financing activities		~~500~~1,085,000			-1,200,000
Impact of currency rate changes in cash		7(6,~~936~~414	)		~~164~~160,~~237~~759
Decrease in cash and cash equivalents	$	(~~313~~164,~~859~~630	)	$	(1,~~624~~609,~~740~~546	)

Net Cash Used in Operating Activities

For the ~~three~~six months ended ~~June~~September 30, 2024, net cash used in operating activities was $01.82 million, compared to $13.80 million for the ~~three~~six months ended ~~June~~September 30, 2023. The $1.07 million decrease was primarily due to a decline in operating losses of $1.05 million (excluding non-cash items, such as depreciation and amortization, stock-based compensation expense, provision for obsolete inventory losses, amortization of debt discount, unrealized gain (loss) on investments, losses on impairment of investments in unconsolidated entities and notes receivable, and gains on extinguishment of debt).

Net Cash Provided by Financing Activities

For the ~~three~~six months ended ~~June~~September 30, 2024, net cash provided by financing activities was $01.51 million, compared to $01.2 ~~for~~million for the ~~three~~six months ended ~~June~~September 30, 2023. The $01.51 million represents proceeds from loans under convertible promissory notes and ~~from~~other ~~HWH~~borrowings.

Impact of currency rate changes in cash

For the ~~three~~six months ended ~~June~~September 30, 2024, the impact of currency rate changes in cash was negative $76,~~936~~414, compared to $~~164~~160,~~237~~759, for the six ~~three~~ months ended ~~June~~September 30, 2023.

2726

Potential Future Acquisitions

The Company, directly and through its subsidiaries, may make strategic acquisitions and purchases of equity interests in businesses that complement its business competencies and growth strategy. Such acquisitions and purchases of equity interests are expected to be funded with cash and cash equivalents, cash provided by operations, if any, and issuance of equity securities and debt.

Capital Requirements

During the quarter ended ~~June~~September 30, 2024, there were no capital expenditures for property and equipment (consisting of furniture and fixtures, computer equipment and software, other office equipment and leasehold improvements) in the ordinary course of our business.

Contractual Obligations

There were no material changes to our contractual cash obligations during the ~~three~~six months ended ~~June~~September 30, 2024.

Off-Balance Sheet Financing Arrangements

As of ~~June~~September 30, 2024, we had no off-balance sheet financing arrangements.

Critical Accounting Estimates

There were no material changes to the Company’s critical accounting estimates or assumptions since March 31, 2024.

Accounting Changes and Recent Accounting Pronouncements

For discussion of accounting changes and recent accounting pronouncements, see Note 3 of the Notes to Condensed Consolidated Financial Statements contained elsewhere in this Quarterly Report.

Item 3. Quantitative and Qualitative Disclosures about Market Risk.

The Company is a Smaller Reporting Company, as defined in Rule 12b-2 of the Exchange Act, and, accordingly, is not required to provide the information called for by this Item.

Item 4. Controls and Procedures.

Evaluation of Disclosure Controls and Procedures. Our management, with the participation of our Chief Executive Officer (“CEO”) and our Chief Financial Officer (“CFO”), evaluated the effectiveness of our disclosure controls and procedures, as defined in Rule 13a-15(e) of the Exchange Act, as of the end of the fiscal period covered by this Quarterly Report, and concluded that, as of ~~June~~September 30, 2024, due to material weaknesses in our internal control over financial reporting that have yet to be fully remediated, ~~the~~ the Company’s disclosure controls and procedures were ineffective in providing reasonable assurance that information required to be be disclosed in reports that it files or submits under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms, and that such information is accumulated and communicated to the Company’s management and its Board of Directors, as appropriate to allow timely decisions regarding required disclosure.

2827

Limitations on the Company’s Controls and Procedures. We do not expect that our disclosure controls and procedures will prevent all errors and all fraud. Any system of controls and procedures, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the system will be met. Because of the limitations in all such systems, no evaluation can provide absolute assurance that all control issues and instances of fraud (if any) within the Company have been detected. Furthermore, the design of any system of disclosure controls and procedures is based in part upon assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions, regardless of how unlikely. Because of these inherent limitations in a cost-effective system of controls and procedures, misstatements and/or omissions due to error or fraud may occur undetected.

Changes in Internal Control over Financial Reporting. During our most recent fiscal quarter, there have been no changes in our internal control over financial reporting that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

PART II—OTHER INFORMATION

Item 1. Legal Proceedings.

The information contained in Note 1714, COMMITMENTS AND CONTINGENCIES - Legal Proceedings, of the Notes to Unaudited Condensed Consolidated Financial Statements located elsewhere in this Quarterly Report is incorporated herein by reference.

Item 1A. Risk Factors.

The factors contained in ITEM 1A, — “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended March 31, 2024, are incorporated herein by reference.

Item 2. Unregistered Sales of Securities and Use of Proceeds.

(a) Unregistered Sales of Securities

None

(b) Not applicable

None

Item 3. Defaults Upon Senior Securities.

(a) Not applicable

(b) Not applicable

Item 4. Mining Safety Disclosures.

Not applicable

Item 5. Other Information.

None

2928

Item 6. Exhibits.

The following exhibits are filed as part of this Quarterly Report unless otherwise indicated:

3.1		Amended and Restated Certificate of Designation of Series D Preferred Stock (incorporated by reference to Exhibit 3.1 to the Company’s Current Report on Form 8-K filed with the SEC on November 16, 2023)

10.1†		Asset Purchase Agreement between Sharing Services Global Corporation and HWH World, Inc., dated November 3, 2023 (incorporated by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K filed with the SEC on November 21, 2023)

10.2		Bill of Sale and Assumption Agreement between Sharing Services Global Corporation and HWH World, Inc., dated November 3, 2023 (incorporated by reference to Exhibit 10.2 to the Company’s Current Report on Form 8-K filed with the SEC on November 21, 2023)

10.3		Exclusive Intellectual Property License Agreement between Sharing Services Global Corporation and HWH World, Inc., dated November 3, 2023 (incorporated by reference to Exhibit 10.3 to the Company’s Current Report on Form 8-K filed with the SEC on November 21, 2023)

10.4		Assignment and Assumption Agreement between Sharing Services Global Corporation, Decentralized Sharing Systems, Inc., and Ascend Management Pte. Ltd., dated November 3, 2023 (incorporated by reference to Exhibit 10.4 to the Company’s Current Report on Form 8-K filed with the SEC on November 21, 2023)

31.1		Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 *

31.2		Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 *

32.1		Certification of Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 **

32.2		Certification of Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 **

101		Cover Page Interactive Data File (formatted as inline XBRL with applicable taxonomy extension information contained in Exhibits 101)

*Filed herewith

**Furnished herewith.

† Schedules and exhibits have been omitted pursuant to Item 601(a)(5) of Regulation S-K, and portions of this exhibit have been redacted in compliance with Item 601(b)(2) of Regulation S-K.

3029

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	SHARING SERVICES GLOBAL CORPORATION
	(Registrant)
Date: August 9, 2024
Date: November 13, 2024
	By:	/s/ John Thatch
		John Thatch
		President, Chief Executive Officer and Vice Chairman of the Board of Directors
		(Principal Executive Officer)
Date August 9, 2024
Date November 13, 2024
	By:	/s/ Anthony S. Chan
		Anthony S Chan
		Chief Financial Officer
		(Principal Financial Officer)

3130

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