Mira Qon Corp Swings to $35,846 Net Loss in H1 FY2026
Mira Qon Corp reported a net loss of $35,846 for the six months ending February 28, 2026, as the company recorded no revenue while operating expenses totaled $35,846. Shareholder equity turned negative, falling to a deficit of $27,060.
Mira Qon Corp reported a net loss of $35,846 for the six months ending February 28, 2026, a sharp reversal from shareholder equity of $8,786 at the start of the fiscal year. The company reported no revenue during the period. Read more earnings reports.
Operating expenses totaled $35,846 for the six months, comprising $32,530 in general and administrative costs and $4,316 in amortization charges. The company's accumulated deficit expanded to $36,060 from $214 at August 31, 2025.
For the three months ending February 28, 2026, the net loss was $20,345, driven by $17,343 in general and administrative expenses and $3,002 in amortization. Loss per share for both the three-month and six-month periods was $0.01 on 3,000,000 shares outstanding.
Cash Position Deteriorates
Cash and cash equivalents fell to $314 at February 28, 2026, down from $830 at the fiscal year start. Operating activities consumed $8,185 in cash during the six-month period, while investing activities used $65,205, primarily for intangible asset acquisitions.
The company financed operations by increasing amounts due to related parties by $72,874, bringing the total related-party balance to $88,263. Total current liabilities reached $88,263 at period end, up from $24,369 six months earlier.
Balance Sheet Shifts to Deficit
Shareholder equity turned negative, registering a deficit of $27,060 at February 28, 2026, compared to positive equity of $8,786 at August 31, 2025. Total assets were $61,203, consisting of $314 in cash and $60,889 in net intangible assets.
Prepaid expenses of $32,325 recorded at the prior fiscal year-end were expensed during the six-month period. Accounts payable, which stood at $8,980 at August 31, 2025, were eliminated by period end.
Financial Summary
| Metric | Six Months Ended Feb 28, 2026 | As of Aug 31, 2025 |
|---|---|---|
| Revenue | $0 | — |
| Operating Expenses | $35,846 | — |
| Net Loss | ($35,846) | — |
| Cash | $314 | $830 |
| Total Assets | $61,203 | $33,155 |
| Shareholder Equity (Deficit) | ($27,060) | $8,786 |
| Loss Per Share | ($0.01) | — |
The company maintained its authorized share count at 75,000,000 shares, with 3,000,000 shares issued and outstanding at $0.001 par value. Common stock and additional paid-in capital remained unchanged at $3,000 and $6,000, respectively.