Quarterly ResultApr 27, 2026, 12:21 PM
GDLG reports $77 revenue, $93K net loss; auditors issue going concern
AI Summary
Glidelogic Corp. reported a significant decline in revenue to $77 for the year ended January 31, 2026, down from $33,563 in the prior year, resulting in a net loss of $93,398. The company is undergoing a strategic realignment towards AI-native solutions, discontinuing legacy e-commerce and fintech activities. Auditors have issued a "going concern" opinion, citing substantial doubt about the company's ability to continue operations without securing at least $100,000 in additional capital, primarily relying on loans from controlling shareholders.
Key Highlights
- Auditors issued a "going concern" opinion, citing substantial doubt about continued operations.
- Net loss for the year ended January 31, 2026, was $93,398, up from $27,436 in 2025.
- Revenue plummeted to $77 in 2026 from $33,563 in 2025, a 99.77% decrease.
- Operating expenses increased to $93,475 in 2026 from $60,999 in 2025.
- Cash and cash equivalents were $68 as of January 31, 2026.
- Company requires minimum funding of $100,000 annually, relying on related party loans.
- Strategic shift towards AI-native solutions, discontinuing legacy e-commerce and fintech.
- Uplisted from OTC PINK to OTCQB on April 16, 2025, to enhance market visibility.