BALTIC INTERNATIONAL USA INC (BISA)
Baltic International USA, Inc. does not have significant operations. It intends to investigate and acquire a target company or business seeking to become a publicly held corporation. The company was incorporated in 1991 and is based in Houston, Texas.
Sector: Blank Checks
Industry: Shell Companies
Baltic International USA, Inc.
OTC:BISAFinancial Services · Financial - Conglomerates
Mkt Cap-
Float8M
O/S-
Inst Own-
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$0
Net Income-$25K
Total Assets$3K
Free Cash Flow$0
Debt & Equity
Total Debt$69K
Total Equity-$5.18M
Preferred Stock$1.58M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in BISA's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$3K
Liabilities$5.18M
Accounts Receivable$0
Accounts Payable$0
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2001 | FY 2000 | FY 1999 | FY 1997 | FY 1996 | FY 1995 | FY 1994 | FY 1993 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 | 1997-12-31 | 1996-12-31 | 1995-12-31 | 1994-12-31 | 1993-12-31 |
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $7K | $10K | $262K | $1.1M | $1.3M | $4.5M | $300K | $400K |
| YoY Growth | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -35.2% | -96.0% | -76.2% | -15.4% | -71.1% | 1400.0% | -25.0% | - |
| Cost of Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $14K | $14K | $14K | $18K | $14K | $14K | $10K | $13K | $0 | $0 | $212K | $400K | $400K | $900K | $1M | $200K |
| Gross Profit | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$14K | -$14K | -$14K | -$18K | -$14K | -$14K | -$10K | -$13K | $7K | $10K | $49K | $700K | $900K | $3.6M | -$700K | $200K |
| Gross Margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 100.0% | 100.0% | 18.9% | 63.6% | 69.2% | 80.0% | -233.3% | 50.0% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $16K | $16K | $16K | $16K | $16K | $16K | $16K | $16K | $16K | $16K | $16K | $16K | $16K | $15K | $2K | $20K | $422 | $425 | $573 | $708 | $0 | $535 | $368K | $222K | $479K | $1.3M | $2.3M | $5.8M | $5.4M | $100K |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $805K | $41K | -$429K | -$600K | -$1.4M | -$2.2M | -$6.1M | $100K |
| Total Operating Expenses | $16K | $16K | $16K | $16K | $16K | $16K | $16K | $16K | $16K | $16K | $16K | $16K | $16K | $15K | $2K | $20K | $422 | $425 | $573 | $708 | $0 | $535 | $1.17M | $263K | $49K | $700K | $900K | $3.6M | -$700K | $200K |
| Operating Income (EBIT) | -$16K | -$16K | -$16K | -$16K | -$16K | -$16K | -$16K | -$16K | -$16K | -$16K | -$16K | -$16K | -$16K | -$15K | -$15K | -$34K | -$14K | -$19K | -$14K | -$14K | -$10K | -$13K | -$1.17M | -$252K | -$450K | -$800K | -$1.5M | -$2.3M | -$6.2M | $100K |
| Operating Margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -17288.9% | -2419.8% | -172.0% | -72.7% | -115.4% | -51.1% | -2066.7% | 25.0% |
| Interest Expense | $10K | $10K | $10K | $10K | $10K | $10K | $10K | $0 | $0 | $0 | $0 | $0 | $0 | $5K | $5K | $3K | $3K | $3K | $3K | $3K | $3K | $3K | $44K | $33K | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $10K | $10K | $10K | $10K | $10K | $6K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $7K | $20K | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$10K | -$10K | -$10K | -$10K | -$10K | -$10K | -$10K | -$10K | -$60K | -$10K | -$10K | -$10K | $25K | -$5K | -$5K | -$3K | -$3K | -$3K | -$3K | -$3K | -$3K | -$3K | $595K | -$13K | $450K | $800K | $1.5M | $2.3M | $6.2M | -$100K |
| Income Before Tax (EBT) | -$25K | -$25K | -$25K | -$25K | -$25K | -$25K | -$25K | -$25K | -$75K | -$25K | -$25K | -$26K | $9K | -$20K | -$21K | -$37K | -$17K | -$21K | -$17K | -$17K | -$12K | -$16K | -$572K | -$265K | $0 | $0 | $0 | $0 | $0 | $0 |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $25K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | -$25K | -$25K | -$25K | -$25K | -$25K | -$25K | -$25K | -$25K | -$75K | -$25K | -$25K | -$184K | $9K | -$20K | -$21K | -$37K | -$17K | -$21K | -$17K | -$17K | -$12K | -$16K | -$616K | -$414K | $769K | -$800K | -$1.2M | -$2.1M | -$6.4M | -$400K |
| Net Income Margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -9125.9% | -3975.4% | 293.9% | -72.7% | -92.3% | -46.7% | -2133.3% | -100.0% |
| Supplementary Data | ||||||||||||||||||||||||||||||
| EPS | -0.02 | -0.02 | -0.02 | -0.02 | -0.02 | -0.02 | -0.00 | -0.00 | -0.01 | -0.00 | -0.00 | -0.02 | -0.01 | -0.02 | -0.02 | -0.02 | -0.02 | -0.02 | -0.02 | -0.02 | -0.02 | -0.02 | -0.08 | -0.06 | 0.05 | -0.11 | -0.23 | -0.51 | -2.40 | -0.18 |
| Diluted EPS | -0.02 | -0.02 | -0.02 | -0.02 | -0.02 | -0.02 | -0.00 | -0.00 | -0.01 | -0.00 | -0.00 | -0.02 | -0.01 | -0.02 | -0.02 | -0.02 | -0.02 | -0.02 | -0.02 | -0.02 | -0.02 | -0.02 | -0.08 | -0.06 | 0.05 | -0.11 | -0.23 | -0.51 | -2.40 | -0.18 |
| Weighted Average OS | 10.98M | 10.98M | 10.98M | 10.98M | 10.98M | 10.98M | 10.98M | 10.98M | 10.98M | 10.98M | 10.98M | 10.97M | 10.98M | 10.98M | 10.98M | 10.98M | 10.98M | 10.98M | 10.98M | 10.98M | 10.98M | 10.98M | 9.98M | 9.93M | 12.68M | 10.00M | 6.09M | 4.12M | 2.67M | 2.22M |
| EBITDA | -$16K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$15K | -$15K | -$34K | -$14K | -$19K | -$14K | -$14K | -$10K | -$13K | $278K | -$191K | -$429K | -$600K | -$1.4M | -$2.2M | -$6.1M | $100K |
| EBITDA Margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 4115.1% | -1834.1% | -163.9% | -54.5% | -107.7% | -48.9% | -2033.3% | 25.0% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 |
| Assets | |||||||||||||
| Current Assets | |||||||||||||
| Cash and Cash Equivalents | $3K | $3K | $3K | $3K | $3K | $3K | $3K | $3K | $3K | $3K | $3K | $3K | $3K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $3K | $3K | $3K | $3K | $3K | $3K | $3K | $3K | $3K | $3K | $3K | $3K | $3K |
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $3K | $3K | $3K | $3K | $3K | $3K | $3K | $3K | $3K | $3K | $3K | $3K | $3K |
| Long-Term Assets | |||||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $50K | $50K | $50K | $50K |
| Total Long-Term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $50K | $50K | $50K | $50K |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $3K | $3K | $3K | $3K | $3K | $3K | $3K | $3K | $3K | $53K | $53K | $53K | $53K |
| Liabilities | |||||||||||||
| Current Liabilities | |||||||||||||
| Accounts Payable | $0 | $589K | $564K | $538K | $513K | $488K | $462K | $437K | $412K | $386K | $361K | $336K | $310K |
| Short-Term Debt | $69K | $69K | $69K | $69K | $69K | $69K | $69K | $69K | $69K | $69K | $69K | $69K | $69K |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $3.48M | $3.35M | $0 | $3.55M | $2.95M | $2.82M | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $614 | $4K | $4K | -$3K | -$3K | $0 | -$4K | $3K | $3K | $3.08M | $2.92M | $2.76M | $2.6M |
| Total Current Liabilities | $5K | $5K | $5K | $5K | $4K | $4K | $4K | $4K | $4K | $3.53M | $3.35M | $3.16M | $2.98M |
| Long-Term Liabilities | |||||||||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $5.18M | $5M | $4.81M | $4.63M | $4.45M | $4.26M | $4.08M | $3.9M | $3.71M | $3.53M | $3.35M | $3.16M | $2.98M |
| Stockholders' Equity | |||||||||||||
| Preferred Stock | $1.58M | $1.58M | $1.58M | $1.58M | $1.58M | $1.58M | $1.58M | $1.58M | $1.58M | $1.58M | $1.58M | $1.58M | $1.58M |
| Common Stock | $166K | $166K | $166K | $166K | $166K | $166K | $166K | $166K | $166K | $166K | $166K | $166K | $166K |
| Retained Earnings | -$19.14M | -$18.96M | -$18.77M | -$18.59M | -$18.41M | -$18.22M | -$18.04M | -$17.86M | -$17.67M | -$17.44M | -$17.26M | -$17.07M | -$16.89M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$0 |
| Other Stockholders' Equity | $13.79M | $13.79M | $13.79M | $13.79M | $13.79M | $13.79M | $13.79M | $13.79M | $13.79M | $13.79M | $13.79M | $13.79M | $13.79M |
| Total Equity | -$5.18M | -$4.99M | -$4.81M | -$4.63M | -$4.44M | -$4.26M | -$4.08M | -$3.89M | -$3.71M | -$3.48M | -$3.29M | -$3.11M | -$2.93M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $3K | $3K | $3K | $3K | $3K | $3K | $3K | $3K | $3K | $53K | $53K | $53K | $53K |
| Supplementary Data | |||||||||||||
| Total Debt | $69K | $69K | $69K | $69K | $69K | $69K | $69K | $69K | $69K | $69K | $69K | $69K | $69K |
| Net Debt | $67K | $67K | $67K | $67K | $67K | $67K | $67K | $67K | $67K | $67K | $67K | $67K | $67K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 |
| Operating Activities | |||||||||||||
| Net Income | -$25K | -$25K | -$25K | -$25K | -$25K | -$25K | -$25K | -$25K | -$75K | -$25K | -$25K | -$26K | $9K |
| Depreciation & Amortization | $0 | $16K | $16K | $16K | $16K | $16K | $16K | $16K | $16K | $16K | $16K | $16K | $16K |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $0 | $25K | $25K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Working Capital Change | $0 | $25K | $25K | $25K | $25K | $25K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Non-Cash Items | $25K | -$16K | -$16K | -$16K | -$16K | -$16K | $10K | $10K | $60K | $10K | $10K | $10K | -$55K |
| Net Cash from Operating | $0 | $0 | $25 | $25 | -$3 | $25 | $0 | $0 | $0 | $0 | $0 | $0 | -$30K |
| Investing Activities | |||||||||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Financing Activities | |||||||||||||
| Debt Repaid | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Financing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $33K |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $0 | $0 | $0 | $0 | -$3 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2K |
| Supplementary Data | |||||||||||||
| Operating Cash Flow | $0 | $0 | $25 | $25 | -$3 | $25 | $0 | $0 | $0 | $0 | $0 | $0 | -$30K |
| Capital Expenditure | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $0 | $0 | $25 | $25 | -$3 | $25 | $0 | $0 | $0 | $0 | $0 | $0 | -$30K |
| Cash at Beginning | $3K | $3K | $3K | $3K | $3K | $3K | $3K | $3K | $3K | $3K | $3K | $3K | $509 |
| Cash at End | $3K | $3K | $3K | $3K | $3K | $3K | $3K | $3K | $3K | $3K | $3K | $3K | $3K |