Nex Neo Tech Swings to $39,206 Net Loss in H1 2026 as Debt Surges

Nex Neo Tech Inc., a development-stage technology company, reported a net loss of $39,206 for the six months ended February 28, 2026, compared to a loss of $199 in the prior-year period. The company generated no revenue during either period. Read more earnings reports.

General and administrative expenses surged to $39,206 for the half-year, up from $199 a year earlier. For the three months ended February 28, 2026, the net loss totaled $30,415, compared to $199 in the same quarter of 2025.

Balance Sheet Shifts

The company's cash position fell to $87 as of February 28, 2026, down from $630 at the start of the fiscal year on August 31, 2025. Total assets climbed to $81,000 from $24,130 over the same span, driven by a jump in intangible assets.

Intangible assets, net of amortization, totaled $80,913 as of February 28, 2026, up from $23,500 six months earlier. The company invested $62,835 in intangible assets during the period, while recording $5,422 in amortization expense.

Related-party debt grew sharply to $113,320 as of February 28, 2026, from $7,199 at the prior fiscal year-end. Accounts payable, which stood at $10,045 at August 31, 2025, was reduced to zero by the end of the reporting period.

Equity Deficit Widens

Total stockholder's deficit reached $32,320 as of February 28, 2026, a swing from positive equity of $6,886 six months prior. Accumulated deficit widened to $41,920 from $2,714 over the same period. The company had 2.4 million shares of common stock outstanding throughout both periods.

Cash Flow Activity

Net cash used in operating activities totaled $43,829 for the six months ended February 28, 2026, compared to $199 in the year-earlier period. The company used $62,835 in investing activities, entirely for intangible asset acquisitions.

Financing activities provided $106,121 in cash, sourced from the related-party loan. The company paid no interest or income taxes during the period. Overall, cash declined by $543 during the half-year.

Working capital deficit stood at $113,233 as of February 28, 2026, compared to a deficit of $16,614 at the prior fiscal year-end. Net loss per share was $0.01 for the six-month period, based on 2.4 million weighted average shares outstanding.