GOING CONCERN |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| GOING CONCERN | |
| GOING CONCERN | NOTE 3. GOING CONCERN
As of June 30, 2026, the Company had no cash, outstanding liabilities of $5,087 and a stockholders’ deficit of $5,087. During the six months ended June 30, 2026, substantially all of the Company’s liabilities were extinguished in connection with the change in control described in note 9, reducing total liabilities from $182,812 at December 31, 2025. Notwithstanding this reduction, the Company has no cash and no revenue-generating operations, and management does not believe that the Company’s current financial position is sufficient to cover the expenses it will incur during the next twelve months. This condition raises substantial doubt about the Company’s ability to continue as a going concern.
On July 20, 2026, subsequent to the balance sheet date, the Company received gross proceeds of $400,000 from the private placement described in note 11. Management has considered those proceeds in its evaluation and does not consider them sufficient, on their own, to fund the Company’s planned expenditures for the twelve months following the date these financial statements were issued, and accordingly the substantial doubt has not been alleviated. Management anticipates that the Company will be dependent, for the near future, on additional investment capital from its majority shareholder or the capital markets to fund operating expenses.
In light of management’s efforts, there are no assurances that the Company will be successful in this or any of its endeavors or become financially viable and continue as a going concern. These financial statements do not include any adjustments related to the recovery or classification of assets or the amounts and classifications of liabilities that might be necessary should the company be unable to continue as going concern. |