Nordicus Partners Corp (NORD) Form 10-Q — Sep 28, 2026
Nordicus Partners Corporation filed its fiscal Q1 2026 10-Q reporting a net loss of $2.31 million (vs. $1.21 million a year ago), no revenue, and just $5,784 in cash, triggering explicit going-concern doubt. The larger loss was driven mainly by a $1.49 million fair-value write-down of its Mag Mile Capital investment. Management concluded that disclosure controls were not effective due to limited finance and accounting resources, and the company also recorded an out-of-period $182,903 correction related to a prior-year warrant down-round feature.
Key figures
- Eps
- -0.13
- Revenue
- 0
- Total Debt
- 11587044
- Total Assets
- 73099819
- Cash Position
- 5784
- Shares Outstanding
- 19443896
- Grid note maturity
- 2027-06-10
- Accumulated deficit
- 53245739
- Grid note principal
- 600000
- Grid note cash received
- 500000
- Grid note interest rate
- 5.0%
- Private placement proceeds
- 123750
- Related party notes payable
- 82000
- Prior period adjustment down round
- 182903
AI analysis
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