SPECIFICITY, INC. (SPTY) Form 10-Q — Jun 11, 2026
Specificity, Inc. reported a net loss of $182,397 for the quarter ended March 31, 2026, driven by a 18% decline in revenue to $243,850 and increased interest expenses from convertible debt. The company ended the quarter with only $3,459 in cash and a working capital deficit of $1.26 million, raising substantial doubt about its ability to continue as a going concern. The filing discloses a restatement of its 2025 annual report (10-K) due to material weaknesses in internal controls, specifically the failure to obtain bank statements and inadequate segregation of duties.
Key figures
- Revenue
- 243850
- Total Debt
- 2279823
- Total Assets
- 1567873
- Cash Position
- 3459
- Shares Outstanding
- 17308785
- Anti Dilutive Securities
- 29306887
- Convertible Note Payable
- 550778
- Related Party Notes Payable
- 1000000
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.