Quarterly ResultMay 15, 2026, 03:41 PM
CyberloQ Q1 2026 Net Loss $(234,060); Going Concern Doubt
AI Summary
CyberloQ Technologies reported a net loss of $(234,060) for the first quarter of 2026, an improvement compared to the prior year. The company's cash position significantly declined to $10,098, and its accumulated deficit grew to nearly $10 million. Management noted substantial doubt about the company's ability to continue as a going concern, citing ongoing losses and the need for additional investment capital.
Key Highlights
- Net loss for Q1 2026 was $(234,060), an improvement from $(341,030) in Q1 2025.
- Cash and equivalents decreased to $10,098 as of March 31, 2026, from $261,987 at December 31, 2025.
- Total assets were $2,421,258 as of March 31, 2026, down from $2,525,109 at December 31, 2025.
- Total liabilities increased to $4,235,762 as of March 31, 2026, from $4,190,752 at December 31, 2025.
- Accumulated deficit reached $(9,993,835) as of March 31, 2026.
- Operating expenses decreased to $185,008 in Q1 2026 from $266,992 in Q1 2025.
- Net cash used in operating activities was $(232,287) for Q1 2026.
- The company capitalized $149,601 in software development costs for the CyberloQ platform in Q1 2026.
- 141,012,254 shares of common stock were issued and outstanding as of the filing date.
- 27,750 shares of preferred stock were issued and outstanding as of the filing date.
Price Impact
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