Stimcell Energetics Inc. (STME) Form 10-Q — Oct 14, 2026
StimCell Energetics reported a net loss of $169,518 for the quarter ended August 31, 2026, with zero revenue and only $6,883 in cash on hand. The filing states substantial doubt about the company's ability to continue as a going concern, citing a $1,971,527 working capital deficit and an accumulated deficit of $11,926,449. Operations were funded entirely by $112,826 in unsecured 10% loans from related parties, including CEO David Jeffs' father Richard Jeffs, and two $30,000 notes payable to the CEO and a director are already in default. Management also concluded that disclosure controls and procedures were not effective due to lack of segregation of duties.
Key figures
- Revenue
- 0
- Total Debt
- 2032473
- Total Assets
- 60946
- Cash Position
- 6883
- Shares Outstanding
- 21141272
- Accumulated deficit
- 11926449
- Due to related parties
- 684074
- Cash used in operations
- 108995
- Working capital deficit
- 1971527
- Total operating expenses
- 146558
- Related party notes and advances
- 965200
AI analysis
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