$GPOD · GPODS, INC.
GPODS, Inc. filed its Q2 FY2027 10-Q, reporting zero revenue and a net loss of $107,175 for the three months ended September 30, 2026 ($0.01/share). The six-month net loss was $240,904. The company has never generated product revenue, holds just $5,815 in cash, and carries a stockholders' deficit of $1,110,153. The independent auditor's going-concern opinion remains in effect.
- Zero revenue generated from product sales to date — the company remains pre-revenue.
- Auditor includes going-concern explanatory paragraph; substantial doubt about ability to continue.
- Stockholders' deficit widened to $1,110,153 at September 30, 2026, from $869,249 at March 31, 2026.
- Negative working capital of $1,257,161; cash on hand just $5,815.
- Six-month net loss of $240,904 vs. $238,870 in prior-year period; no improvement in bottom line.
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A pre-revenue company with $5,815 in cash, a going-concern flag, and a ballooning deficit is one adverse event away from insolvency.
Pre-revenue micro-cap in the controlled-environment agriculture space, competing for scarce growth capital against better-funded indoor-farming peers.
Going-concern warning from independent auditor; negative working capital of $1,257,161; stockholders' deficit of $1.1M; no revenue ever generated; reliance on related-party and non-affiliated loans for working capital; additional financing required with no assurances of obtaining it.