UMeWorld Inc. (UMEWF) Form 10-Q — May 14, 2026
UMeWorld Inc. reported a net loss of $244,177 for the six months ended March 31, 2026, despite revenue surging to $498,642 from $606 in the prior year period. The revenue growth was driven by new distribution channels in China, but operating expenses rose sharply to $263,927, leaving the company with a modest gross profit of $19,694. The filing includes a going concern warning, citing a working capital deficiency of $214,260 and an accumulated deficit of $32.1 million.
Key figures
- Eps
- 0
- Revenue
- 498642
- Total Debt
- 1735745
- Revenue Yoy
- 82,400%
- Total Assets
- 1521485
- Cash Position
- 145445
- Shares Outstanding
- 116099593
- Inventory Value
- 1367582
- Accounts Payable
- 1359636
- Private Placement Proceeds
- 150000
- Related Party Advances Converted
- 203647
Price after filing
Close on the filing date to close N calendar days later (from $0.55). Historical, not a forecast.
AI analysis
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