$ANKM · Ankam, Inc.
Ankam, Inc. filed its 10-Q for the quarter ended August 31, 2026, reporting Q3 revenue of $0 (vs. $0 in the prior-year quarter) and a nine-month revenue decline of 81.3% to $44,900. Net loss for the nine months was $369,356, a 2,292% increase from $15,445 a year ago. Cash stands at just $8,321 against total liabilities of $783,538, and the stockholders' deficit has deepened to $(760,617).
- Q3 FY2027 revenue was $0, down from $0 in the year-ago quarter — the business generated no sales.
- Nine-month revenue fell 81.3% YoY to $44,900 from $240,000; gross margin was 100% on negligible sales.
- Nine-month net loss ballooned to $369,356 vs. $15,445 a year ago — a 2,292% increase.
- Cash collapsed to $8,321 from $131,710 at fiscal year-end; total liabilities of $783,538 exceed total assets of $22,921.
- Stockholders' deficit deepened to $(760,617) from $(391,261); accumulated deficit reached $(934,247).
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A public company with zero quarterly revenue, $8,321 in cash, and a $(760,617) stockholders' deficit is effectively insolvent — survival depends entirely on continued director loans.
Ankam is a micro-cap shell-like entity with a market presence so minimal that its entire asset base ($22,921) is smaller than a typical small business's monthly operating budget. The company operates a newsletter and a currency converter app with negligible commercial traction.
Going concern risk is acute: cash of $8,321 against $783,538 in liabilities, with no revenue generation in the most recent quarter. The company is entirely dependent on related-party financing ($114,288 in the nine-month period) to fund operations. The amount due to director rose to $561,706.
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