Quarterly ResultMay 12, 2026, 06:07 AM
Public Company Management Reports Q1 Net Loss $(74K); Cash $15K
AI Summary
Public Company Management Corporation reported a net loss of $(74,107) for the three months and $(91,130) for the six months ended March 31, 2026, with no revenues. The company's cash balance significantly decreased to $15,052, and it continues to operate with a substantial accumulated deficit and a going concern warning. The primary business objective remains seeking a business combination.
Key Highlights
- Net loss for the three months ended March 31, 2026, was $(74,107), compared to $(21,155) in the prior year.
- Net loss for the six months ended March 31, 2026, was $(91,130), compared to $(41,492) in the prior year.
- Cash balance decreased significantly to $15,052 as of March 31, 2026, from $234,405 at September 30, 2025.
- Total stockholders' deficit increased to $(298,291) as of March 31, 2026, from $(207,161) at September 30, 2025.
- General and administrative expenses increased to $76,588 for the three months ended March 31, 2026, from $18,530 in 2025.
- Note payable to related party, Specialty Capital Lenders LLC, was reduced to $279,484 from $350,000.
- The company continues to have no revenues and operates with a going concern warning.