Birdie Win Corporation

BRWC: 10-K · periodic report

Birdie Win Corp's fiscal 2026 10-K discloses substantial doubt about its ability to continue as a going concern, with the company holding just $5,820 in cash against a working capital deficit of $13,104 and an accumulated deficit of $102,669. Revenue fell to $20,000 in FY2026 from $30,000 a year earlier, producing a net loss of $27,474 versus $17,299 previously. The company depends on continued financial support from shareholders and director advances of $18,198 to stay afloat. Management concluded that disclosure controls and internal control over financial reporting were not effective, citing material weaknesses including a lack of a functioning audit committee and no independent directors. The stock trades on OTC Pink Sheets under BRWC, subjecting investors to penny stock rules and limited liquidity.

SEC 10-K•12d ago

BRWC: 10-Q · periodic report

Birdie Win Corp reported a net loss of $21,338 for the nine months ended April 30, 2026, driven by $36,338 in operating expenses against only $15,000 in revenue from personal financial literacy seminars. The company’s cash position stands at a mere $6,032, while total liabilities have risen to $18,000, including a $15,500 unsecured loan from director Yidong Bao, highlighting severe liquidity constraints. The filing explicitly discloses substantial doubt about the company’s ability to continue as a going concern, citing an accumulated deficit of $96,533 and current liabilities exceeding current assets. Management acknowledged that the company’s ability to survive depends on generating future profits or obtaining additional financing from shareholders and directors. Additionally, the CEO concluded that disclosure controls and internal controls over financial reporting were not effective due to material weaknesses, including a lack of independent board members, inadequate segregation of duties, and insufficient accounting policies. These governance deficiencies compound the financial risks for this micro-cap entity.

SEC 10-Q•4mo ago