Quarterly ResultMay 15, 2026, 03:32 PM
Bubblr Inc. Reports Q1 Net Loss $123K; Going Concern Doubt Persists
AI Summary
Bubblr Inc. reported a net comprehensive loss of $123,833 for the three months ended March 31, 2026, an improvement from $278,556 in the prior year. Despite the reduced loss, the company's financial statements include a significant doubt about its ability to continue as a going concern due to an accumulated deficit of $18,273,626 and current liabilities exceeding current assets by $2,941,112. Sales revenue for the quarter decreased to $436 from $641 year-over-year.
Key Highlights
- Significant doubt about Bubblr Inc.'s ability to continue as a going concern.
- Net comprehensive loss of $123,833 for Q1 2026, an improvement from $278,556 in Q1 2025.
- Accumulated deficit reached $18,273,626 as of March 31, 2026.
- Current liabilities exceeded current assets by $2,941,112 as of March 31, 2026.
- Sales revenue decreased to $436 in Q1 2026 from $641 in Q1 2025.
- Issued 14,270,702 common shares for $30,000 convertible promissory notes conversion.
- Cash at the end of the period was $5,813, down from $7,322 at December 31, 2025.
Price Impact
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