Quarterly ResultMay 14, 2026, 06:36 AM
Scientist Home Future Health Q1 Net Loss $102K; Going Concern Doubt
AI Summary
Scientist Home Future Health Ltd reported a net loss of $102,072 for the three months ended March 31, 2026, a significant reversal from a net income of $6,059 in the prior year period. Despite a substantial 321% increase in total revenue to $188,756, the company's selling, general and administrative expenses soared, leading to the loss. The company also reported net current liabilities of $120,220 and a significant decrease in cash, raising substantial doubt about its ability to continue as a going concern.
Key Highlights
- Net loss for Q1 2026 was $102,072, a significant decline from a $6,059 net income in Q1 2025.
- Total revenue surged to $188,756 in Q1 2026 from $44,824 in Q1 2025, a 321% increase.
- Selling, general and administrative expenses dramatically increased to $161,140 from $12,695.
- The company reported net current liabilities of $120,220 as of March 31, 2026.
- Cash and cash equivalents decreased to $15,332 as of March 31, 2026, from $68,888.
- Net cash used in operating activities increased to $71,811 in Q1 2026 from $4,832 in Q1 2025.
- Management noted substantial doubt about the company's ability to continue as a going concern.