Quarterly ResultApr 30, 2026, 06:52 AM
STWI Zero Cash, Going Concern Warning; Q1 Net Income $8.5K, 6M Loss $5.6K
AI Summary
StageWise Strategies Corp. reported a net income of $8,556 for the three months ended March 31, 2026, an improvement from a loss in the prior year, but a net loss of $5,687 for the six-month period. The company ended the period with zero cash and an accumulated deficit of $118,051, leading to a going concern warning. Management also identified material weaknesses in its internal controls over financial reporting.
Key Highlights
- Ended period with $0 cash and cash equivalents as of March 31, 2026.
- Reported a net income of $8,556 for the three months ended March 31, 2026.
- Incurred a net loss of $5,687 for the six months ended March 31, 2026.
- Revenue for six months ended March 31, 2026, decreased to $44,467 from $69,690 YoY.
- Accumulated deficit increased to $118,051 as of March 31, 2026.
- Disclosed material weaknesses in internal controls over financial reporting.
- Outstanding loan from related parties totaled $206,921 as of March 31, 2026.
- Cancelled 1,000,000 common shares held by CEO Victor Balan on December 23, 2025.