Quarterly ResultMay 19, 2026, 01:43 PM
Bravo Multinational Q1 Net Loss Widens to $129,175; Going Concern Doubt
AI Summary
Bravo Multinational Inc. reported a significant increase in net loss for the first quarter of 2026, reaching $129,175, up from $71,019 in the prior year. The company continues to face substantial doubt about its ability to continue as a going concern due to recurring losses and a large accumulated deficit. Despite a change in business plan to entertainment, hospitality, and technology sectors, the company generated no revenue during the quarter and relies on related party funding for operations.
Key Highlights
- Bravo Multinational reported a net loss of $129,175 for Q1 2026, up from $71,019 in Q1 2025.
- Total operating expenses increased to $157,763 in Q1 2026 from $71,019 in Q1 2025.
- Cash and cash equivalents increased to $26,051 as of March 31, 2026, from $111 at December 31, 2025.
- Total liabilities rose to $1,210,813 as of March 31, 2026, from $1,055,698 at December 31, 2025.
- The company had an accumulated deficit of $96,563,824 and a working capital deficit of $1,184,762.
- Net cash provided by operating activities was $24,190 in Q1 2026, compared to net cash used of $25,093 in Q1 2025.
- Steven Marshall and Jordan Fiksenbaum were appointed as Directors effective February 19, 2026.
- Related parties deposited $21,000 in April and May 2026 for operational expenses.
Price Impact
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