Seebeks Corp. Posts $42,197 Loss on Minimal Revenue in Nine Months Ended March 31
Seebeks Corp., a financial-management platform provider, reported a net loss of $42,197 for the nine months ended March 31, 2026, on revenue of just $2,970. Operating expenses totaled $45,167 for the period.
Seebeks Corp., a financial-management platform provider, reported a net loss of $42,197 for the nine months ended March 31, 2026, on revenue of just $2,970. The company generated all of its revenue in the most recent quarter, the three months ended March 31, 2026. Read more earnings reports.
Operating expenses for the nine-month period totaled $45,167, driven by $39,020 in general and administrative expenses and $6,147 in amortization expenses. For the three months ended March 31, 2026, the company posted a net loss of $7,635 on revenue of $2,970, with operating expenses of $10,605.
Balance Sheet Shows Growing Deficit
The company's accumulated deficit widened to $48,374 as of March 31, 2026, compared to $6,177 as of June 30, 2025. Total assets stood at $67,638 at the end of the quarter, up from $54,693 nine months earlier, while total liabilities climbed to $104,862 from $60,570.
Stockholders' deficit expanded to $37,224 from $5,877 over the same period. Cash and cash equivalents increased to $32,415 as of March 31, 2026, from $13,693 as of June 30, 2025.
Financing Activity
The company issued 1,085,000 shares of common stock during the nine-month period, raising $10,850 in gross proceeds. Related party loans increased by $7,662, bringing the total related party loan balance to $62,532 as of March 31, 2026.
Accounts payable to related parties rose to $22,800 from $5,700, and the company recorded $19,530 in deferred revenue as of quarter-end. The company had 4,085,000 shares outstanding as of March 31, 2026, compared to 3,000,000 shares as of June 30, 2025.
Financial Summary
| Item | Nine Months Ended March 31, 2026 | Three Months Ended March 31, 2026 |
|---|---|---|
| Revenue | $2,970 | $2,970 |
| Operating Expenses | $45,167 | $10,605 |
| Net Loss | ($42,197) | ($7,635) |
| Cash (period-end) | $32,415 | $32,415 |
| Total Assets | $67,638 | $67,638 |
| Stockholders' Deficit | ($37,224) | ($37,224) |
Net loss per share for both the nine-month and three-month periods was $0.00 on a basic and diluted basis. The weighted average number of shares outstanding was 3,057,664 for the nine-month period and 3,175,556 for the three-month period.