Quarterly ResultJul 9, 2026, 02:26 PM
MADE IN USA INC. Q1 Net Loss $2,987; Going Concern Doubt
AI Summary
MADE IN USA INC. reported a net loss of $2,987 for the first quarter ended May 31, 2026, a substantial improvement from a $31,526 loss in the prior year, though it generated no revenue in the current period. The company, which transitioned its business model to reshoring industrial capacity post-August 2025, holds no cash reserves and faces substantial doubt about its ability to continue as a going concern due to an accumulated deficit of $66,097. Subsequent to the quarter, the company acquired significant intellectual property and assets from an affiliate for 5,000,000 common shares.
Key Highlights
- Net loss for Q1 2026 was $2,987, an improvement from $31,526 in Q1 2025.
- Generated no revenue in Q1 2026, compared to $11,476 in Q1 2025.
- Cash reserves were $0 as of May 31, 2026, with total liabilities of $622.
- Accumulated deficit reached $66,097 as of May 31, 2026.
- Management expressed substantial doubt about the company's ability to continue as a going concern.
- Acquired intellectual property and assets from Made in USA One LLC for 5,000,000 common shares.
- Disclosure controls and procedures were deemed not effective as of May 31, 2026.
Price Impact
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