ECO SCIENCE SOLUTIONS, INC. (ESSI) Form 10-K — Jun 9, 2026
Eco Science Solutions reported a net income of $9.4 million for the fiscal year ended January 31, 2026, but this figure is misleading as it was driven entirely by $10.2 million in non-cash gains from debt settlements and forgiveness, masking an operating loss of $958,352 and zero revenue. The company faces severe financial distress, highlighted by a working capital deficit of $1.1 million, an accumulated deficit of $69.3 million, and only $32,699 in cash. The filing includes explicit going-concern language, stating that substantial doubt exists regarding the company's ability to continue operations without additional financing.
Key figures
- Eps
- 4.37
- Revenue
- 0
- Net Income
- 9442219
- Total Debt
- 1194853
- Cash Position
- 32699
- Reverse split ratio
- 1:25
- Debt settlement gain
- 10181351
- Debt forgiveness gain
- 343833
- Market value non affiliates
- 632000
- Shares outstanding post split
- 24952656
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.