Cash and equivalents remained $2,976 at September 30, 2025, unchanged from December 31, 2024. Total assets stood at the same figure.
Current liabilities reached $5,135,049, including $607,836 accounts payable and accrued liabilities plus $4,457,732 dividends payable. Working-capital deficit widened to $5,132,073.
Nine-month net loss was $18,960. Accumulated deficit increased to $19,093,321. No revenues were recorded.
Common shares outstanding: 10,975,760. The company remains a shell with no operations and states substantial doubt about its ability to continue as a going concern.
Management notes reliance on officer loans and potential future financing to cover filing costs and any acquisition search.
Pulse Impact
- Previous Pulse: 28
- New Pulse: 38
- Change: +10
- Driver: 10-Q added a constructive beat, so Pulse rose.
BALTIC INTERNATIONAL USA INC Form 10-Q (2026-08-17)
Not investment advice. Facts taken from the company’s Form 10-Q.