$DNKC · Dankon Corp
Dankon Corp filed its Q2 FY2027 10-Q for the period ended August 31, 2026. Revenue surged 119.5% YoY to $21,027 (H1: $54,694 vs. $9,581), but the company posted a net loss of $16,686 for the quarter. The balance sheet shows a stockholders' deficit of $6,020, an accumulated deficit of $53,555, cash of just $3,621, and a working capital deficit of $101,970. The auditor includes a going concern warning, noting substantial doubt about the Company's ability to continue, with operations dependent on CEO loans totaling $95,080.
- Revenue for Q2 FY2027 was $21,027, up 119.5% YoY from $9,581 in the prior-year quarter.
- Net loss for Q2 was $16,686, an improvement from a $23,642 loss in Q2 FY2026.
- Accumulated deficit reached $53,555 as of August 31, 2026, with total stockholders' deficit of $6,020.
- Working capital deficit stood at $101,970; cash was just $3,621 against $112,183 in total current liabilities.
- The auditor's going concern note cites dependence on CEO loans ($95,080) and substantial doubt about the Company's ability to continue.
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A 119% revenue jump is hollow when the company has $3.6K cash, negative equity, and an explicit going concern warning — this is a survival bet, not a growth story.
Dankon operates a niche online congratulatory-message platform — a micro-cap SaaS play with no employees, run by three directors from Barcelona. Revenue is growing from a near-zero base but remains sub-$100K annualized, making the going concern risk acute relative to peers.
Going concern: accumulated deficit of $53,555, working capital deficit of $101,970, and cash of only $3,621 raise substantial doubt about the Company's ability to continue within one year. The Company is dependent on continued loans from its CEO ($95,080 outstanding, non-interest-bearing, no fixed-m
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