US Earnings Financial Results SEC Filings — September 21, 2026

21-09-2026

AIRWA Inc. reported revenue of $25.8M for FY2026, a 101% increase from $12.8M in FY2025, driven by a direct offering and business expansion. However, the company swung to a net loss of $17.6M attributable to controlling interest, versus net income of $3.5M in the prior year, due to a 655% surge in cost of revenue and significant impairments. Cash and cash equivalents rose sharply to $12.8M from $54.7K, but operating cash flow remained deeply negative at ($20.9M).

• · Total current assets increased to $59.5M as of April 30, 2026, from $22.4M in the prior year.
• · Digital assets of $19.2M were recorded in FY2026, with no prior-year balance.
• · Contract costs of $6.5M and contract liabilities of $10.8M were newly recorded in FY2026.
• · Impairment losses of $2.9M were recognized in FY2026, including $2.6M related to an amount due from a director.
• · Additional paid-in capital rose to $182.0M from $19.2M, reflecting the direct offering.
• · Non-controlling interest was eliminated to $0 in FY2026 from $1.1M in FY2025.
• · The company identified material weaknesses in internal control over financial reporting and disclosure controls.
• · Risks include failure to obtain adequate financing, environmental regulation, and tax assessments.

21-09-2026

NAPC Defense, Inc. reported a net income of $775,538 for the three months ended July 31, 2026, a significant improvement from a net loss of $(584,252) in the prior-year period, driven by $5,288,000 in related-party revenue and a gross profit of $1,553,484. However, the company faced higher financing fees and a loss on debt extinguishment, and total stockholders' equity remained deeply negative at $(774,352).

• · Loss on extinguishment of debt of $210,646 in Q2 FY27 vs. $0 in prior-year period
• · Amortization of debt discount decreased to $13,999 from $192,792 YoY
• · Cash used in operating activities reflected a decrease in accounts payable of $1,121,190
• · Incremental shares from convertible debt of 80,557,312
• · Office lease liability of $68,431 as of July 31, 2026, with future lease payments of $29,658 (FY2027) and $41,521 (FY2028)

21-09-2026

SPARTA COMMERCIAL SERVICES, INC. reported a 50.7% decline in total revenue to $47,698 for the three months ended July 31, 2026, down from $96,688 in the prior-year period, driven by a sharp drop in information technology revenue (down 37.9% to $45,154) and the absence of prior merchant financing income. The company posted a net loss attributable to shareholders of $35,759, compared to a net profit of $7,938 in the prior year, reflecting higher operating expenses (up 35.2% to $496,870) and a loss on debt extinguishment of $36,802. Cash and cash equivalents fell 53.7% to $54,738 from $118,131 at the start of the quarter, with net cash used in operations of $170,000, though the company raised $110,000 in net proceeds from notes payable and sold 559,561 shares of common stock for $60,000.

• · Merchant advances decreased to $0 from $10,447, reflecting a full write-down or collection, with provision for credit losses of $105,900 in the current quarter vs. $0 prior year.
• · Loss on extinguishment of debt of $36,802 was recognized in the current quarter, with no comparable item in the prior year.
• · Gain from change in fair value of derivative liabilities was $143,226 in the current quarter, compared to a loss of $36,686 in the prior year.
• · Shares issued for services totaled $46,000 in the current quarter, down from $54,435 in the prior year.
• · Stock option expense of $66,434 was recognized in the current quarter, with none in the prior year.
• · Net cash used in operating activities was $170,000 for the three months ended July 31, 2026, compared to $261,000 in the prior year.
• · Total stockholders' deficit worsened to $(12,591,880) as of July 31, 2026, from $(12,298,111) as of April 30, 2026.
• · The company had 1,928,157 Series C preferred shares and 768,288 Series D preferred shares outstanding as of July 31, 2026.

21-09-2026

Kindcard, Inc. reported a net loss of $54,183 for Q2 FY2026 (three months ended July 31, 2026), a significant improvement from a net loss of $178,480 in the same quarter last year. However, revenue declined 20% year-over-year to $72,758, driven by a drop in Tendercard Program revenue. The company's accumulated deficit widened to $1,749,171, and total liabilities exceeded total assets by $1,234,810, reflecting a continued stockholders' deficit.

• · Cash balance remained nearly flat at $9,254 as of July 31, 2026, compared to $9,160 at January 31, 2026.
• · Total liabilities increased to $1,301,316 from $1,169,622 at January 31, 2026.
• · Intangible assets, net, declined to $4,652 from $9,727 at January 31, 2026, due to amortization.
• · General and administrative expenses decreased significantly to $107,543 in Q2 FY2026 from $245,229 in Q2 FY2025.
• · Interest paid during H1 FY2026 was $31,018, up from $12,532 in H1 FY2025.
• · No shares were issued for services in H1 FY2026, compared to $129,020 in H1 FY2025.
• · The company had no investing activities in either period.

21-09-2026

Mercalot Inc. filed its annual 10-K for the fiscal year ended June 30, 2026, reporting a net loss of $32,072 (thousand) compared to a net loss of $36,265 (thousand) in the prior year, an improvement of 11.6%. Revenue surged to $30,420 (thousand) from $3,900 (thousand) in FY2025, a 680% increase, driven by new monetization initiatives including premium accounts, advertising, and data analytics. However, operating expenses rose sharply to $62,492 (thousand) from $40,165 (thousand), and the company remains deeply unprofitable with a stockholders' deficit of $42,716 (thousand), up from $10,644 (thousand) a year earlier.

• · The company remains an emerging growth company under the JOBS Act, with thresholds of $1.07B revenue, 5th anniversary of IPO, $1.07B non-convertible debt, or $700M public float.
• · No income tax provision was recorded in either year.
• · Net loss per share was $0.00 for both periods due to the high share count.
• · Cash used in operating activities was $9,284 (thousand) in FY2026 vs. cash provided of $3,643 (thousand) in FY2025.
• · Financing activities provided only $99 (thousand) in FY2026, down from $35,104 (thousand) in FY2025, as no stock was issued.
• · Accumulated deficit grew to $70,368 (thousand) from $38,296 (thousand).
• · Deferred revenue increased to $17,880 (thousand) from $16,500 (thousand).
• · Accounts payable-related party jumped to $26,000 (thousand) from $14,000 (thousand).
• · Intangible assets decreased due to amortization; no new intangible assets were added.

21-09-2026

Advanced Oxygen Technologies Inc. (AOXY) filed its annual 10-K for the fiscal year ended June 30, 2026, reporting a net cash provided by operating activities of $51,378 (up from $40,415 in 2025) and a net loss of $20,649,663, an improvement from a net loss of $20,752,633 in the prior year. However, total assets declined 5.2% to $657,243, and cash dropped 31.4% to $39,259, reflecting a net cash outflow of $17,966 for the year. The company continues to rely on related-party financing and faces significant operational risks, including a sole-source revenue dependency and foreign exchange volatility.

• · Net cash used in operating activities improved to $51,378 in FY2026 from $40,415 in FY2025, a 27.1% increase.
• · Cash paid for income taxes was $0 in FY2026 versus $6,735 in FY2025.
• · Gain on write-off of income tax liabilities of $96,830 was recognized in FY2026, with no comparable gain in FY2025.
• · Repayment of related party debt totaled $68,104 in FY2026, down from $89,819 in FY2025.
• · Foreign exchange translation had a negative impact of $1,240 in FY2026, versus a positive $12,147 in FY2025.
• · The company has no significant sales or sales revenues, making future performance difficult to predict.
• · Risks include sole-source revenue dependency, foreign exchange volatility, and potential nationalization of assets.

21-09-2026

Spin AI Inc. filed its unaudited 10-Q for the quarter ended June 30, 2026, reporting its first-ever subscription revenue of $2,607 from five new enterprise customers, a significant milestone. However, the company posted a net loss of $3,283 and shifted from a positive stockholders' equity of $292 as of March 31, 2026, to a deficit of ($2,969) as of June 30, 2026, driven by operating expenses of $5,356 and imputed interest costs. Cash and cash equivalents surged from $365 to $7,818, primarily due to cash from operations and related-party financing, but the company remains heavily reliant on related-party debt, with total liabilities of $67,306 exceeding total assets of $64,337.

• · The company had no revenue in the prior period (Q1 FY26) as this is its first quarter generating subscription revenue.
• · Operating expenses of $5,356 consisted entirely of audit fees ($2,500) and amortization of intangible assets ($2,856), with no general and administrative expenses.
• · Interest expense of $534 was imputed (non-cash) on the Founder Loan Facility.
• · The company's net loss per share was ($0.00) due to the small loss relative to 4,000,000 shares outstanding.
• · Deferred revenue of $4,846 represents subscription payments collected but not yet recognized, indicating future revenue visibility.
• · The company had no investing or financing cash flows during the quarter; all cash generation came from operations.
• · The company's intangible assets decreased by $2,856 due to amortization, with no new additions.
• · The company's accumulated deficit grew from ($108) to ($3,391), reflecting the net loss for the quarter.
• · The company's total liabilities of $67,306 exceed total assets of $64,337, resulting in a negative stockholders' equity of ($2,969).

21-09-2026

HNO International, Inc. (HNOI) filed its 10-Q for the quarter ended July 31, 2026, reporting no revenue for the three-month period (same as prior year) and a net loss of $532,209, which widened 6.9% from a $498,010 loss in the same quarter last year. For the nine-month period, revenue fell 22.6% to $33,821 from $43,708, while the net loss improved dramatically to $1,159,592 from $6,429,469, primarily due to a sharp reduction in share-based compensation and share commitment expenses. The company's cash position improved to $69,427 from $9,525 at year-end, but total stockholders' deficit deepened to $2,457,321 from $1,629,950.

• · The company had zero revenue in both the current and prior-year three-month periods.
• · Share commitment expenses dropped to $0 in Q3 2026 from $241,380 in Q3 2025, and to $55,000 for the nine months from $5,333,937.
• · General and administrative expenses increased 3.0% to $186,014 in Q3 2026 from $180,560 in Q3 2025.
• · Interest expense surged to $94,086 in Q3 2026 from $6,705 in Q3 2025, a 1,303% increase.
• · Loss on fair value of convertible note was $143,229 in Q3 2026 vs $15 in Q3 2025.
• · Derivative liability of $450,164 was recorded as of July 31, 2026, compared to $0 at October 31, 2025.
• · Accounts receivable dropped to $0 from $332,669 at year-end.
• · Related party advances increased to $1,273,430 from $1,088,385.
• · Net cash provided by financing activities fell 52.2% to $510,295 from $1,067,500.
• · Weighted average shares outstanding increased to 102,198,076 for Q3 2026 from 85,983,969 for Q3 2025.

21-09-2026

Narragansett Bancorp reported strong net income growth for Q2 2026, with net income of $3.470M (up 54% YoY) and $4.718M for the six months (up 121% YoY), driven by a significant improvement in net interest income and lower provision for credit losses. However, total other income declined 5% in Q2 due to a net loan servicing expense and lower miscellaneous income, while operating expenses rose 7% driven by higher salaries and benefits. The bank also recorded an accumulated other comprehensive loss of $4.917M, worsening from $2.549M at year-end 2025, reflecting unrealized losses on securities.

• · Interest on deposits expense decreased 13.5% in Q2 2026 to $11.175M from $12.915M in Q2 2025.
• · Interest on borrowings expense decreased 65.3% in Q2 2026 to $0.873M from $2.515M in Q2 2025.
• · Net loan servicing income turned negative in Q2 2026 at ($0.148M) vs positive $0.030M in Q2 2025.
• · Insurance and brokerage commissions declined 3.5% in Q2 2026 to $3.703M from $3.839M in Q2 2025.
• · Miscellaneous income dropped 79.7% in Q2 2026 to $0.280M from $1.382M in Q2 2025.
• · Salaries and employee benefits increased 10.1% in Q2 2026 to $20.797M from $18.886M in Q2 2025.
• · Net unrealized losses on securities available for sale were $3.354M for six months 2026 vs gains of $5.437M in six months 2025.
• · Total comprehensive income for six months 2026 was $2.350M, down from $6.094M in six months 2025.
• · Non-interest bearing deposits grew 10.5% to $435.538M at June 30, 2026 from $394.297M at Dec 31, 2025.
• · Allowance for credit losses increased 4.0% to $30.254M at June 30, 2026 from $29.078M at Dec 31, 2025.

21-09-2026

Lendway, Inc. reported a 1% YoY decline in net revenue to $48.13M for the year ended June 30, 2026, with gross profit falling 22% to $7.89M due to higher cost of goods sold. The company recorded significant goodwill and intangible asset impairments totaling $13.17M, leading to an operating loss of $16.86M (35% of revenue) versus a 2.7% operating loss in the prior year. However, a $7.01M gain on debt settlement partially offset the losses, and total stockholders' equity attributable to Bloomia Holdings increased to $13.31M from $12.14M.

• · Goodwill and intangible asset impairments totaled $13.17M in FY2026, compared to none in the prior year.
• · Foreign currency transaction loss increased to $419,000 in FY2026 from $2,000 in FY2025.
• · Net cash provided by operations was $546,000 in FY2026, versus a net decrease of $853,000 in FY2025.
• · Accounts receivable, net of allowances, rose to $5.79M as of June 30, 2026 from $5.12M a year earlier.
• · Prepaid expenses and other current assets more than doubled to $5.33M from $2.12M.
• · Accrued expenses and other current liabilities declined to $3.74M from $4.93M.
• · Authorized shares increased to 10,000,000 at June 30, 2026 from 5,714,000 at June 30, 2025.
• · Noncontrolling interest equity fell sharply to $478,000 from $2.70M year-over-year.

21-09-2026

QuasarEdge Acquisition Corp (QRED) filed its Form 10-Q for the quarter ended July 31, 2026, reporting a net income of $581,631 for the three-month period and $660,739 for the six-month period. The company completed its initial public offering (IPO) during the period, raising $115.0 million in gross proceeds and establishing a trust account of $116.8 million. However, the company reported a loss from operations of $456,030 for the quarter and $528,329 for the six months, reflecting ongoing formation and operating costs with no operating revenue.

• · The company completed its IPO during the six-month period, issuing 11,500,000 units at $10.00 per unit, with an over-allotment option exercised.
• · Private placement units of 285,000 were issued for $2,850,000, including over-allotment.
• · Representative shares of 230,000 were issued to the underwriter as non-cash compensation valued at $357,880.
• · The trust account was funded with $115,575,000 from the IPO proceeds.
• · Net cash used in operating activities was $452,634 for the six-month period.
• · The company had a working capital surplus of $284,403 as of July 31, 2026 (current assets of $483,421 minus current liabilities of $199,018).
• · Promissory note – related party was fully repaid during the period (balance $465,000 at January 31, 2026 reduced to $0).