INTEGRAL TECHNOLOGIES INC
Integral Technologies filed its FY2026 10-K, reporting zero revenue, a net loss of $778,097 (vs. $713,361 in FY2025), and a working capital deficiency of $8,687,833. The company is a self-identified shell with no material operations, $4,948,100 of notes payable in default, and only $123,408 in cash. The auditor's report includes a going-concern explanatory paragraph. The sole strategic initiative is a proposed acquisition of an 80% interest in Apex North LLC, which remains subject to documentation, financing, and closing conditions with no assurance of completion.
- Zero revenue generated in FY2026; company has no material revenue-generating operations.
- $4,948,100 of notes payable in default and due on demand as of June 30, 2026.
- Working capital deficiency of $8,687,833; cash on hand of only $123,408.
- Net loss widened to $778,097 in FY2026 from $713,361 in FY2025.
- Auditor includes going-concern explanatory paragraph citing recurring losses, negative cash flows, and working capital deficit.
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A publicly reporting shell with nearly $5M in defaulted debt and a going-concern warning is betting its entire future on a single unclosed acquisition.
Integral is a Nevada-incorporated shell company seeking a reverse merger. Its common stock was suspended from trading in March 2021, leaving it unable to satisfy convertible debenture conversion rights. The company self-identifies as a shell under Rule 12b-2, meaning PSLRA safe harbor does not apply
Going-concern warning from independent auditor; $4.9M of debt in default and due on demand. Company is a shell with no revenue, dependent on financing from existing debt holders. Proposed Apex North acquisition may not close — if it fails, the company has no alternative operating plan and investors'
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