v3.26.3
Going Concern
3 Months Ended
Jun. 30, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Going Concern

Note 7 — Going Concern

 

The accompanying financial statements have been prepared assuming the Company will continue as a going concern.

 

At June 30, 2026 the Company had an accumulated deficit of $3,391, negative stockholders’ equity of $(2,969), cash of $7,818, and a limited operating history, having commenced commercial operations on June 7, 2026. Monthly subscription billings at then-current contract terms did not cover planned platform-development and public-company costs. These conditions raised substantial doubt about the Company’s ability to continue as a going concern.

 

Subsequent to quarter end, the Company’s Registration Statement was declared effective and the Company received gross proceeds of $94,250 from the sale of 9,425,000 shares (Note 8(a)), and continued to collect monthly subscription payments from its five subscribers. Management considers these developments to be mitigating, and they materially improve the Company’s near-term liquidity.

 

Management has nonetheless concluded that substantial doubt is not alleviated as of the date these financial statements are issued. The Company has a limited operating history and no history of profitable operations; five subscribers represent 100% of its revenue, so the loss of any one of them would materially reduce revenue; the Company has only three months of operating history following the commencement of its first subscription agreements, which is a limited basis on which to project a recurring cost base; and it will incur public-company costs, including audit, filing-agent, transfer-agent and registered-agent costs, that it has not previously borne for a full year. The offering is self-underwritten with no minimum and no escrow, and 575,000 registered shares remain unsold; there is no assurance that any further shares will be sold. The $100,000 Founder Loan Facility, of which $95,250 remained available, is discretionary and the Lender is under no obligation to advance further amounts.

 

The financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts, or to the amounts and classification of liabilities, that might result should the Company be unable to continue as a going concern.