Transglobal Management Group, Inc. (TMGI) Form 10-Q — Oct 20, 2026
Transglobal Management Group filed its 10-Q for the quarter ended August 31, 2026 reporting revenue of $95,765 versus $11,920 a year ago, but a quarterly operating loss of $392,295. Reported net income of $1.26 million came almost entirely from a $2.15 million non-cash gain on the change in fair value of derivative liabilities, not operations. The company faces substantial doubt as a going concern, with just $32,474 in cash, negative working capital of $6.0 million, an accumulated deficit of $20.2 million, and $420,773 in principal and interest unpaid on 10 defaulted notes.
Key figures
- Eps
- 0
- Revenue
- 95765
- Net Income
- 1260450
- Total Assets
- 2792971
- Cash Position
- 32474
- Shares Outstanding
- 1021707764
- Interest expense
- 499183
- Accumulated deficit
- 20187465
- Stock price assumption
- 0.0003
- Negative working capital
- 6001891
- Defaulted notes principal
- 420773
- Prior year quarter revenue
- 11920
- Shares issued for services
- 10000000
- Derivative fair value income
- 2151928
- Shares issued debt conversion quarter
- 471093578
- Shares issued debt conversion subsequent
- 485678102
AI analysis
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