Quarterly ResultMay 7, 2026, 06:08 AM
Strategic Acquisitions Reports Q1 Net Loss of $38,717; Going Concern Doubt
AI Summary
Strategic Acquisitions Inc. reported a net loss of $38,717 for the three months ended March 31, 2026, an increase from $25,044 in the prior year, with no revenue generated. The company's cash balance stood at $2,927, and it had working capital of $4,352, leading management to express substantial doubt about its ability to continue as a going concern. The company issued 40,000,000 shares for $40,000 cash to related parties and secured a $30,000 non-recourse loan from its President after the quarter end.
Key Highlights
- Net loss for Q1 2026 increased to $38,717 from $25,044 in Q1 2025.
- Company reported no revenue for the three months ended March 31, 2026 and 2025.
- Cash balance as of March 31, 2026, was $2,927, up from $508 at December 31, 2025.
- Working capital was $4,352 as of March 31, 2026.
- Management raised substantial doubt about the company's ability to continue as a going concern.
- Issued 40,000,000 common shares for $40,000 cash to President and Secretary in February 2026.
- Secured a $30,000 non-recourse loan from its President on April 4, 2026.
- Total liabilities decreased to $723 from $2,319 as of December 31, 2025.