Medicale Corp. Narrows Q1 2026 Loss to $5,290 as Operating Expenses Fall 79%
Medicale Corp. posted a net loss of $5,290 for the three months ended December 31, 2025, down 68% from the year-earlier loss of $16,680. The Nevada-based company reported zero cash on hand and negative stockholders' equity of $145,376.
Medicale Corp. posted a net loss of $5,290 for the three months ended December 31, 2025, down 68% from the year-earlier loss of $16,680. Operating expenses fell 79% to $3,144 from $14,995 in the prior-year quarter. Read more earnings reports.
The company reported zero assets and zero cash as of December 31, 2025, down from $159 in cash a year earlier. Total liabilities stood at $145,376, up 4% from $140,086 at the end of the prior quarter.
Stockholders' equity remained deeply negative at $145,376 as of quarter-end, compared to negative $140,086 three months earlier and negative $115,613 a year earlier. Retained deficit widened to $222,288 from $216,998 at the prior quarter-end.
Cash used in operations totaled $6,740 for the quarter, compared to $10,000 in the year-earlier period. The company funded operations entirely through financing activities, which provided $6,740 in cash during the quarter versus $10,000 a year earlier.
Current liabilities declined slightly to $32,202 from $33,652 at the prior quarter-end. The company has 5.92 million common shares outstanding, unchanged from the prior quarter.
| Metric | Q1 FY2026 | Q1 FY2025 |
|---|---|---|
| Net Loss | $5,290 | $16,680 |
| Operating Expenses | $3,144 | $14,995 |
| Operating Loss | $3,144 | $14,995 |
| Cash from Operations | ($6,740) | ($10,000) |
| Cash from Financing | $6,740 | $10,000 |
| Total Assets | $0 | N/A |
| Total Liabilities | $145,376 | N/A |
| Stockholders' Equity | ($145,376) | ($115,613) |
Medicale Corp. is incorporated in Nevada and classified as a non-accelerated filer and small business. The company reported no revenue for the quarter and no income tax expense.