Lantics Corp.
Lantics Corp. filed its 10-Q for the quarter ended September 30, 2026, reporting $2,100 in total revenue for both the three- and nine-month periods. The company posted a net loss of $7,558 for Q3 and $26,612 for the nine months, with an operating margin of -359.9%. The filing includes an explicit going-concern warning citing accumulated deficit of $38,551 and insufficient revenue to cover operating costs.
- Revenue totaled just $2,100 for the nine months ended September 30, 2026.
- Net loss was $26,612 for the nine months; operating margin was -359.9%.
- Accumulated deficit reached $38,551 against total assets of $72,853.
- Auditor explicitly states 'substantial doubt about the Company's ability to continue as a going concern.'
- Cash of $36,816 was entirely dependent on $39,600 in financing activities, including $27,600 from stock sales and $12,000 in related-partylo
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A going-concern warning paired with near-zero revenue and a $26,612 nine-month loss signals a company with no viable operating model, surviving solely on dilutive stock issuances and insider loans.
Lantics is a pre-revenue-stage software platform with a single officer/director, operating from Nigeria with a Wyoming incorporation — a structure common among micro-cap development-stage issuers.
Going concern: the company has minimal revenue ($2,100 in nine months), recurring losses, and an accumulated deficit of $38,551. It is entirely dependent on external capital raises and related-party loans to fund operations, with no assurance of success.
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