The company is considering a 1-for-2 share consolidation to help attract additional capital, which was scheduled for shareholder vote on June 26, 2026. CEO Arnold Kondrat holds 20.03 million shares (10 percent ownership), indicating significant management alignment with shareholders, though the company lacks operational revenue and meaningful assets.
Cyborg Score Rationale
The company has no current commercial operations and no material assets. Shareholders have negative equity of $743,555 against minimal cash. Management explicitly highlights substantial doubt about the company's ability to continue as a going concern and states future operations depend on securing additional equity financing and finding a suitable project.
Top Insights
(Q1 2026) Q1 2026 net income of $648,025 was entirely accounting-driven by a $698,047 salary liability writeback when CEO and CFO waived compensation; no underlying business growth
(June 2026) Share consolidation vote scheduled for June 26, 2026, to reduce 38.9M shares to ~19.45M shares in attempt to improve market perception and capital access
(May 2026) Three executives filed Form 3 initial ownership statements on May 6, 2026, suggesting a corporate registration milestone or structural change in reporting status
(March 2026) Company carries $285,925 new office lease obligation despite minimal cash and negative equity, indicating ongoing overhead commitments
Recent Developments
(June 2026) Annual shareholder meeting scheduled for June 26, 2026 to vote on 1-for-2 share consolidation
(May 2026) CEO Kondrat and two other insiders filed Form 3 initial ownership statements on May 6, 2026
(Q1 2026) Q1 2026 financial results reported net income of $648,025 driven entirely by CEO/CFO salary waiver writeback
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