UPAY (UPYY) Form 10-K — Jun 2, 2026
UPAY, Inc. reported a net loss of $1.4 million for the fiscal year ended February 28, 2026, driven primarily by a $904,400 loss on the settlement of related-party debt through the issuance of 800,000 shares. The company generated $746,311 in revenue, a modest increase of $31,042 from the prior year, but remains deeply unprofitable with a working capital deficit of $266,715. The filing includes explicit going-concern language, stating that the company does not have revenues sufficient to execute its business plan and intends to fund operations through equity financing arrangements with no assurance of success.
Key figures
- Revenue
- 746311
- Total Debt
- 0
- Revenue Yoy
- 31042
- Total Assets
- 227409
- Cash Position
- 96279
- Shares Outstanding
- 17615211
- Monthly Cash Needs
- 70000
- Us Net Operating Loss
- 1392000
- Loss On Debt Settlement
- 904400
AI analysis
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