Quarterly ResultApr 13, 2026, 01:26 PM
Oyocar Group Cash Plummets 99.8% to $78; Total Assets Down 92.7%
AI Summary
Oyocar Group Inc. reported a significant deterioration in its financial position for the quarter ended February 28, 2026. The company's cash and cash equivalents drastically fell by 99.8% to just $78 from $40,630 recorded on August 31, 2025. Concurrently, total assets experienced a substantial decline of 92.7%, dropping to $3,134 from $43,180 over the same period, indicating severe liquidity challenges and a weakening balance sheet.
Key Highlights
- Cash and cash equivalents plummeted 99.8% to $78 as of February 28, 2026.
- Total current assets decreased 97.6% to $978.
- Total assets fell 92.7% to $3,134 from $43,180.
- Advances from related party decreased 37.8% to $9,875.