Zicix Corp (ZICX) Form 10-Q — Oct 15, 2026
Zicix Corp reported zero revenue for the quarter ended June 30, 2026, versus $300,869 a year earlier, and a net loss of $653,617 that widened from $189,582. Revenue halted entirely after its Dubai operations were suspended in March 2026 due to U.S.-Iraq conflict supply-chain disruptions. The company disclosed going-concern doubt: its bank accounts have been suspended leaving no cash, approximately $795,000 of convertible debt is in default, and it carries a working capital deficit of $3,364,786 with a $6,355,869 accumulated deficit. Management is negotiating to restructure roughly $947,000 of debt, with no assurance of success.
Key figures
- Revenue
- 0
- Cash Position
- 0
- Shares Outstanding
- 12715111
- Debt in default
- 794632
- G and a expenses
- 522109
- Accumulated deficit
- 6355869
- Shares settling debt
- 29304
- Working capital deficit
- 3364786
- Prior year quarter revenue
- 300869
- Shares issued for services
- 14347826
- Debt restructuring negotiated
- 947000
- Private placement proceeds quarter
- 390000
AI analysis
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