$ELVX · Elventix Technology Corp
Elventix Technology Corporation filed its 10-Q for Q1 FY2027 (period ended August 31, 2026), reporting its first-ever revenue of $32,196 from API subscriptions. The net loss narrowed to $11,828 from $19,229 YoY, but operating expenses more than doubled to $44,024. Cash dwindled to $630, and the company carries a working capital deficit of $173,127. A $163,000 promissory note matures on November 14, 2026. The auditor's going concern note flags substantial doubt about the company's ability to continue, citing the accumulated deficit of $120,583 and anticipated future losses.
- First-ever revenue of $32,196 from API subscriptions (pro: $18,410, custom: $13,187, basic: $599).
- Net loss narrowed to $11,828 from $19,229 YoY, but operating expenses surged to $44,024 from $19,229.
- Cash collapsed to $630 as of August 31, 2026, down from $1,421 at fiscal year-end May 31, 2026.
- Working capital deficit of $173,127; promissory note of $163,000 matures November 14, 2026.
- Auditor raises substantial doubt about going concern; accumulated deficit reached $120,583.
Price data unavailable.
A public company with $630 in cash, a going concern warning, and a $163K note due in weeks is a textbook distress scenario — the Q1 revenue milestone is overshadowed by existential liquidity risk.
Elventix is a micro-cap API/news-aggregation startup with negligible revenue, negative equity of $77,158, and total liabilities of $355,741 against $278,583 in assets — a profile that places it among the most financially fragile public filers.
Going concern warning: accumulated deficit of $120,583, working capital deficit of $173,127, and a $163,000 promissory note maturing November 14, 2026. The company has no full-time employees and relies entirely on consultants. Cash of $630 is insufficient to cover near-term obligations without new外部
Get filings like this before the market reacts.
Real-time SEC filing alerts, AI summaries, and a free daily digest — plus portfolio tracking that ties filings to your positions.