STIMCELL ENERGETICS INC.

Red flags

• Going-concern risk is explicit: cash was $3,057, current liabilities were $1,892,774, working-capital deficit was $1,811,320, and the filing states that these conditions raise substantial doubt about continued operations.
• The Company had no revenue in either FY2026 or FY2025, while net loss increased 58.1% to $895,375 and total operating expenses increased 58.2% to $826,027.
• Related-party loans and advances totaled $833,477 at May 31, 2026, while total amounts due to related parties and notes payable were approximately $1,498,798; $300,582 was borrowed from related parties during the year on demand.
• Debt includes a $30,000 David Jeffs loan and a $30,000 Amir Vahabzadeh note described as in default; most other related-party obligations are unsecured and payable on demand.
• Disclosure controls and internal controls over financial reporting were not effective because of a lack of segregation of duties, and the auditors provided no internal-control attestation report.
• Investor-relations activities of $266,444 were paid through issuance of common shares in FY2026, adding non-cash equity compensation and dilution pressure while the business produced no revenue.