Quarterly ResultMay 6, 2026, 04:19 PM
Gold Rock Holdings Q1 Net Loss $78,908; Sales $0; Going Concern Doubt
AI Summary
Gold Rock Holdings reported a net loss of $78,908 for the first quarter ended March 31, 2026, a slight improvement from a net loss of $79,155 in the prior year's quarter. The company recorded no sales revenue for Q1 2026, down from $67,500 in Q1 2025, but saw a reduction in operating expenses. Subsequent to the quarter, Gold Rock Holdings received a $15,957 legal settlement and secured a new contract for its ZoneX AI sports application. Despite these positive developments, the company's accumulated deficit and operating losses raise substantial doubt about its ability to continue as a going concern.
Key Highlights
- Net Loss for Q1 2026 was $(78,908), compared to $(79,155) for Q1 2025.
- Sales revenue for Q1 2026 was $0, a decrease from $67,500 in Q1 2025.
- Operating expenses decreased to $78,908 in Q1 2026 from $146,655 in Q1 2025.
- Cash balance at March 31, 2026, was $75,482.
- Total liabilities at March 31, 2026, were $156,700.
- Accumulated deficit at March 31, 2026, was $(1,366,203).
- Working capital deficit at March 31, 2026, was $(81,218).
- Received a $15,957 legal settlement on April 1, 2026.
- Signed a contract for the ZoneX AI sports application on April 30, 2026.