$GDLG · Glidelogic Corp.
Glidelogic Corp. filed its 10-Q for the quarter ended July 31, 2026, reporting $160,038 in revenue and net income of $35,194 for the quarter, versus $0 revenue and a $23,030 loss in the prior-year period. However, substantially all revenue derived from a single project-based AI consulting engagement. Cash stands at just $149, with negative working capital of $120,213 and a stockholders' deficit of $117,930. The company's own auditors flag substantial doubt about its ability to continue as a going concern.
- Revenue of $160,038 for both the three and six months ended July 31, 2026, vs. $0 and $77 in the prior-year periods.
- Substantially all revenue came from a single project-based consulting engagement — no recurring revenue base established.
- Cash on hand is just $149 as of July 31, 2026, with negative working capital of $120,213.
- Related-party note payable stands at $124,569, up from $123,163 at January 31, 2026.
- Management explicitly states 'substantial doubt exists about the Company's ability to continue as a going concern.'
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A micro-cap AI company with $149 in cash, a single-customer revenue base, and an explicit going-concern warning is a binary survival bet, not a going concern.
Micro-cap AI services firm with negligible cash reserves and a single-customer revenue base — far below the scale needed to compete in the AI consulting space. The related-party funding lifeline ($124,569 note payable) underscores dependence on insiders rather than commercial viability.
Going concern warning: cash of $149, negative working capital of $120,213, and all revenue from a single non-recurring project. The company may need equity or related-party financing with no assurance of success. Failure to secure additional engagements or capital could force cessation of operations
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