Elventix Technology Corp Posts $68,189 Net Loss in Nine Months Ending February 2026

Elventix Technology Corp, a technology company, reported a net loss of $68,189 for the nine months ended February 28, 2026, compared to accumulated deficit of just $199 at the end of its prior fiscal year on May 31, 2025. The company generated no revenue during the period. Read more earnings reports.

For the three months ended February 28, 2026, the company posted a net loss of $31,820, also on zero revenue. Operating expenses for the nine-month period totaled $68,189, driven primarily by amortization expense of $34,214 and professional fees of $17,002.

The company spent $16,800 on intangible assets during the nine months and reported total intangible assets of $195,124 on its balance sheet as of February 28, 2026, down from $212,538 at May 31, 2025. Additional operating costs included $8,400 for server rental, $5,500 for research and development, and $2,800 for website support.

Cash and cash equivalents dropped to $890 as of February 28, 2026, from $2,500 at the end of May 2025. The company burned through $68,707 in operating activities during the nine months and spent $16,800 on investing activities.

To finance operations, Elventix raised $38,925 through the sale of 1,297,500 common shares at $0.03 per share and secured $70,510 from a related-party loan. The company also repaid $25,538 on a promissory note during the period.

Total liabilities stood at $256,157 as of February 28, 2026, up from $210,737 nine months earlier. The promissory note payable declined to $163,000 from $188,538, while the related-party loan payable surged to $92,709 from $22,199.

Stockholders' equity swung to a deficit of $24,963 as of February 28, 2026, from positive equity of $4,301 at May 31, 2025. The company had 5,797,500 shares issued and outstanding as of February 28, 2026, compared to 4,500,000 shares at the prior fiscal year-end.