This amendment clarifies capital structure (75M authorized) and related-party debt (CEO holds $218,700 loan). While revenue growth is strong in absolute terms, the company is cash-flow negative with $4,573 cash, a $112,364 deficit, and a going-concern warning. Monitor for additional equity issuances or debt conversions to fund operations. The OTC-listed stock lacks a trading market — liquidity risk is extreme.
Price Chart
Executive Summary
StageWise Strategies Corp. filed Amendment No. 1 to its 10-K for FY2025 to correct and expand related-party transaction disclosures, fix a scrivener's error in authorized shares (corrected from 5M to 75M shares per the Description of Securities exhibit), and correct a cash flow statement error. The filing adds exhibits for loan agreements, a rights assignment, marketing services, and an API code sale, all dated late 2024 / early 2025. CEO Victor Balan personally acquired a $136,050 debt from former CEO Yuliia Zaporozhan and now holds an amended $350,000 loan facility to the company. Revenue grew 10x YoY to $95,409, but net loss widened to $74,758, accumulated deficit reached $112,364, and the auditor's going-concern opinion remains. Material weaknesses in internal controls persist, and the stock is OTC-traded.
Key Facts
- Revenue rose to $95,409 in FY2025 from $9,007 in FY2024 — a 959% increase.
- Net loss widened to $74,758 in FY2025 from $30,616 in FY2024.
- Accumulated deficit reached $112,364 as of September 30, 2025.
- Operating expenses surged to $170,170 from $39,630, driven by professional fees, marketing, and depreciation.
- Cash used in operations was $48,500 in FY2025 vs. $12,217 in FY2024.
- Cash on hand fell to $4,573 from $11,343.
- Related-party loan from CEO Victor Balan was amended to $350,000; $218,700 outstanding at year-end.
- CEO personally acquired $136,050 debt from former CEO Yuliia Zaporozhan via assignment of rights.
- Authorized shares corrected from 5,000,000 to 75,000,000 per the Description of Securities exhibit.
- Auditor audit expressed a going-concern opinion citing cumulative losses and negative operating cash flow.
- Material weaknesses in internal control over financial reporting disclosed.
- Stock not traded on any exchange — OTC with no market for shares.
- Filing includes exhibits for an API code sale ($51,090) and a marketing services agreement ($34,992).
- No legal proceedings pending.
Financial Impact
Revenue up 959% to $95,409 but net loss expanded to $74,758. Cash burn continues with operating cash flow of -$48,500. Going-concern risk elevated.
Risk Factors
- Going-concern risk — insufficient cash to fund operations without continued related-party loans.
- Dilution risk — authorized shares increased to 75M with only 5M issued, allowing massive future dilution.
- Related-party concentration — CEO is the sole lender and controlling shareholder.
- Material weaknesses in internal controls increase risk of financial misstatement.
- No trading market for common stock — holders face extreme illiquidity.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 13 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 10-K/A Filing (Primary) | 0001999261-26-000013 |
| Exhibit: ex10_7.htm | 0001999261-26-000013 |
| Exhibit: ex10_6.htm | 0001999261-26-000013 |
| Exhibit: ex10_4.htm | 0001999261-26-000013 |
| Exhibit: ex10_3.htm | 0001999261-26-000013 |
| Exhibit: ex10_5.htm | 0001999261-26-000013 |
| Exhibit: ex10_2.htm | 0001999261-26-000013 |
| Exhibit: ex4_2.htm | 0001999261-26-000013 |
| Document: cert31.htm | 0001999261-26-000013 |
| Document: cert32.htm | 0001999261-26-000013 |
| Document: 0001999261-26-000013-index-headers.html | 0001999261-26-000013 |
| Document: 0001999261-26-000013-index.html | 0001999261-26-000013 |
| Document: 0001999261-26-000013.txt | 0001999261-26-000013 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 14, 2026 13d ago | 8-K | — | awaiting T+20 | — | — |
Oct 7, 2026 19d ago | SC 13D/A | — | awaiting T+20 | — | — |
Jun 11, 2026 19w ago | 8-K | — | awaiting T+20 | — | — |
May 20, 2026 22w ago | 10-Q/A | — | awaiting T+20 | — | — |
May 20, 2026 22w ago | 10-K/A | — | awaiting T+20 | — | — |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers