Source document
Loading document…
KPIsSections15
Income flow
| Revenue — GREEN | $226,347 | +32.8% YoY |
|---|---|---|
| Gross margin — GREEN | 73.8% | |
| Net income — GREEN | -$115,440 | +18.7% YoY |
| Net margin — GREEN | -51.0% | |
| Operating margin — RED | -45.4% |
Red flags4 red1 orange
Liquidity5
RED
Negative operating cash flow
operating_cf_burnThe company is burning cash from operations — sustainability depends on financing.
RED
Net margin -51.0%
net_margin_sharply_negativeNet income margin below -5% — profitability materially negative vs revenue.
RED
Cash conversion (CFO/Rev) -32.8%
cash_conversion_weakCFO/Revenue below 0 — operating model not generating cash despite revenue.
ORANGE
Current ratio 0.29
current_ratio_lowCurrent assets are below current liabilities — short-term liquidity pressure.
RED
Cash runway ~1.2 years
cash_runway_lowAt current burn rate, cash covers less than 2 years — may require near-term financing.
Income Statement
| Metric | Value | Flag |
|---|---|---|
| EPS (diluted) | $-0.01 | GREEN |
| Gross Margin | 73.8% | GREEN |
| Net Income | -$115,440 | GREEN |
| Net Margin | -51.0% | GREEN |
| Operating Margin | -45.4% | RED |
| Revenue | $226,347 | GREEN |
| Revenue (quarter) | $226,347 | GREEN |
Balance Sheet
| Metric | Value | Flag |
|---|---|---|
| Broad Liquidity | $91,692 | GREEN |
| Cash | $91,692 | GREEN |
| Current Ratio | 0.29 | GREEN |
| Total Assets | $224,490 | GREEN |
| Total Equity | -$582,938 | GREEN |
Cash Flow
| Metric | Value | Flag |
|---|---|---|
| Cash Conversion (CFO/Rev) | -0.33 | GREEN |
| Free Cash Flow | -$75,411 | GREEN |
| Operating CF | -$74,222 | GREEN |
Sections in this filing
MD&A
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations FORWARD-LOOKING STATEMENTS This document contains “forward-looking statements.” All statements other than statements of historical fact are forward-looking statements for purposes of federal and state securities laws, including any projections of earnings, revenue or other financial items; statements of the plans, strategies and objectives of management for future operations; statements concerning proposed new services or developments; statements regarding future economic conditions or performance; statements of belief; and statements of assumptions underlying any of the foregoing. Forward-looking statements may include the words “may,” “could,” “estimate,” “intend,” “continue,” “believe,” “expect” or “anticipate” or other similar words. These forward-looking statements present our estimates and assumptions only as of the date of this report. Except as required by applicable securities laws, we do not intend, and undertake no obligation, to update any forward-looking statement. Although we believe that the expectations reflected in our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed. The factors impacting these risks and uncertainties include, but are not limited to: · Our results are vulnerable to economic conditions; · Our ability to raise adequate working capital; · Loss of customers or sales weakness; · Inability to achieve sales levels or other operating results; · The unavailability of funds for expansion purposes; · Operational inefficiencies; and · Increased competitive pressures from existing competitors and new entrants. Trends and Uncertainties Our business is subject to the following trends and uncertainties: · Whether our system will be adaptable to countries other than South Africa; · Whether we will develop interest in our software system in other countries into which we plan to expand; and · The level of activity of credit facilities and their need for our software. Results of Operations — For the three months ended May 31, 2026 and May 31, 2025 Revenues Our revenues for the three-month periods ended May 31, 2026 and 2025 were $226,347 and $170,414, respectively, reflecting an increase in revenues of $55,933, which increase is primarily attributable to increased revenue generated from