The company has zero cash, a growing accumulated deficit, and is dependent on insider loans. With revenue declining 36% YoY and no financing raised in the current period (shares cancelled, not issued), liquidity risk is acute. Expect continued dilution risk if the company pursues private placements. The amended filing does not change the bottom line — the deteriorating fundamentals are the story.
Price Chart
Executive Summary
StageWise Strategies Corp. filed an amended 10-Q (10-Q/A) to correct three non-financial errors: (1) authorized shares correctly stated as 75,000,000, (2) corrected comparative operating expense disclosures for the March 31, 2025 period in MD&A, and (3) corrected a disclosure under 'Changes in Internal Controls over Financial Reporting' to refer to the period ended March 31, 2026. No financial statement amounts were restated. The filing shows the company had zero cash, an accumulated deficit of $118,051, a going-concern qualification, and material weaknesses in internal controls. Revenue declined 36% YoY for the six-month period to $44,467, and the company swung from a $15,720 net income to a $5,687 net loss. No shares were issued in the six months ended March 31, 2026, and 1,000,000 shares were cancelled. The amendments are immaterial corrections, but the underlying financial position is weak.
Key Facts
- Six-month revenue declined 36% YoY to $44,467 from $69,690.
- Company swung from a net income of $15,720 last year to a net loss of $5,687 in the current six-month period.
- Cash balance as of March 31, 2026 was zero, down from $4,573 at September 30, 2025.
- Accumulated deficit reached $118,051.
- Going concern uncertainty noted — management plans to rely on loans and private placements.
- Three material weaknesses in internal controls over financial reporting were identified.
- 1,000,000 shares were cancelled by CEO Victor Balan in December 2025; no shares issued for cash in the current six-month period.
- The three corrections in this amended filing are administrative and do not restate any financial statement line items.
- Loan from related party (CEO) outstanding at $206,921 with a $350,000 facility.
Financial Impact
The 10-Q/A contains no material financial restatements. The underlying six-month results show a $25,223 revenue decline (36%) and a swing of $21,407 from net income to net loss. Cash depletion to $0 is a critical liquidity risk.
Risk Factors
- Zero cash — immediate liquidity risk for a company with operating burn.
- Dependence on CEO-related-party loan ($206,921 of $350K facility drawn) — refinancing risk if insider support waivers.
- Revenue decline of 36% YoY suggests loss of subscription customers or contract non-renewal.
- Material weaknesses in internal controls (lack of segregation of duties, IT controls, accounting expertise) raise risk of future errors or restatements.
- Going concern — if funding fails, the company may be unable to continue operations.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 10-Q/A Filing (Primary) | 0001999261-26-000015 |
| Document: cert31.htm | 0001999261-26-000015 |
| Document: cert32.htm | 0001999261-26-000015 |
| Document: 0001999261-26-000015-index-headers.html | 0001999261-26-000015 |
| Document: 0001999261-26-000015-index.html | 0001999261-26-000015 |
| Document: 0001999261-26-000015.txt | 0001999261-26-000015 |
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
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