The company has effectively no operating business and is reliant on related-party support to survive. Monitor for any new financing, reverse merger, or further insider dilution. The OTC stock is highly speculative and at risk of delisting or further price deterioration.
Price Chart
Executive Summary
STQN filed an amended 10-K to correct balance sheet items and add a restatement disclosure for FY2024. The company reported zero revenue and a net loss of $40,223 in FY2025, with cash of just $508 and a going concern opinion from its new auditor. Massive insider stock issuances post-year-end (40M shares to two individuals at $0.001/share) and the former auditor's PCAOB revocation compound the deeply distressed financial position.
Key Facts
- FY2025 revenue was $0 (vs $43,671 in FY2024); net loss of $40,223
- Cash at Dec 31, 2025: $508; working capital: $3,069
- Going concern opinion issued by new auditor Integritat Audit
- Restatement of FY2024 financials: adjusted prepaids, AP, and expenses by ~$1,000
- Former auditor Michael Studer's PCAOB registration permanently revoked
- Material weaknesses in internal controls (lack of oversight, segregation, GAAP knowledge)
- Post-year-end: 30M shares to CEO John O'Shea and 10M shares to Jennifer O'Shea at $0.001/share
- 86% of shares held by two individuals (John and Jennifer O'Shea)
Financial Impact
FY2025 zero revenue and minimal cash of $508; restatement corrections were immaterial (~$1K)
Risk Factors
- Going concern risk – cash insufficient to fund operations
- Massive insider dilution – 86% control concentrated in two individuals
- No revenue and no lending activity since July 2024
- Former auditor's revocation undermines credibility of prior financials
- Material weaknesses in internal controls increase risk of errors
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 8 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 10-K/A Filing (Primary) | 0001493152-26-020105 |
| Exhibit: ex31-2.htm | 0001493152-26-020105 |
| Exhibit: ex31-1.htm | 0001493152-26-020105 |
| Exhibit: ex32-1.htm | 0001493152-26-020105 |
| Exhibit: ex32-2.htm | 0001493152-26-020105 |
| Document: 0001493152-26-020105-index-headers.html | 0001493152-26-020105 |
| Document: 0001493152-26-020105-index.html | 0001493152-26-020105 |
| Document: 0001493152-26-020105.txt | 0001493152-26-020105 |
US Market Status
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