Quarterly ResultJun 22, 2026, 05:02 PM
MADE IN USA INC. Reports Increased Net Loss, Zero Cash, Going Concern Doubt
AI Summary
MADE IN USA INC. reported a significant increase in net loss to $29,610 for the year ended February 28, 2026, a 31% rise from the prior year, while revenue decreased by 2% to $37,036. The company ended the year with no cash reserves and faces substantial doubt about its ability to continue as a going concern. Operating expenses rose by 10%, primarily due to professional fees and marketing, though total liabilities saw a substantial reduction.
Key Highlights
- Net loss increased by 31% to $29,610 for the year ended February 28, 2026.
- Revenue decreased by 2% to $37,036 for the year ended February 28, 2026.
- Company had no cash reserves ($0) as of February 28, 2026, down from $13,861.
- Substantial doubt about the Company's ability to continue as a going concern.
- Operating expenses increased by 10% to $66,646, driven by professional fees and marketing.
- Total liabilities significantly decreased to $622 from $111,064.
- Shareholders' equity increased to $93,183 from $5,400, partly due to related party loan conversion.
- A former director cancelled 3,000,000 restricted shares, reducing total outstanding shares.
Price Impact