Siltrium Tech Corp Posts $65,054 Net Loss in H1 2026 as Expenses Surge
Siltrium Tech Corp, a technology company, reported a net loss of $65,054 for the six months ended January 31, 2026, on minimal revenue of $252. The company burned through $58,927 in operating cash while significantly expanding its related party debt.
Siltrium Tech Corp reported a net loss of $65,054 for the six months ended January 31, 2026, on revenue of just $252 for the period. The company, which generated no revenue in the first three months of its fiscal year, recorded all of its revenue in the second quarter. Read more earnings reports.
Operating expenses totaled $65,306 for the six-month period, with general and administrative expenses accounting for $54,127 and amortization expense adding $11,179. The quarterly breakdown shows the second quarter loss narrowed to $20,768 from $44,286 in the first quarter.
The company's balance sheet deteriorated sharply during the period, with stockholders' equity swinging from a positive $3,401 at July 31, 2025 to a deficit of $54,313 by January 31, 2026. Working capital deficit expanded to $138,274 from $25,599 over the same timeframe.
Liquidity and Financing
Cash and cash equivalents increased to $7,758 from $500 at the start of the fiscal year, despite negative cash flow from operations of $58,927. The company raised $132,325 through financing activities, including $124,985 from related party loans and $7,340 from issuing 293,600 shares of common stock during the second quarter.
Related party loan payable ballooned to $146,084 from $21,099 at July 31, 2025, an increase of nearly 600%. Total current liabilities rose 471% to $149,032.
Asset Expansion
The company invested $66,140 in intangible assets during the six-month period, bringing total intangible assets net of amortization to $83,961 from $29,000. Prepaid expenses of $3,000 appeared on the balance sheet for the first time.
Total assets grew to $94,719 from $29,500, though the asset expansion was entirely funded through debt and equity raises rather than operations. The company reported 2,193,600 shares outstanding as of January 31, 2026, up from 1,900,000 shares six months earlier.
Financial Summary
| Metric | Six Months Ended Jan 31, 2026 | Three Months Ended Jan 31, 2026 |
|---|---|---|
| Revenue | $252 | $252 |
| Operating Expenses | $65,306 | $21,020 |
| Net Loss | ($65,054) | ($20,768) |
| Loss Per Share | ($0.03) | ($0.01) |
| Cash Used in Operations | ($58,927) | — |
The company paid no interest or income taxes during the six-month period. Accounts payable, which stood at $5,000 at October 31, 2025, had been paid down to zero by period end. Deferred revenue of $2,948 appeared on the balance sheet as of January 31, 2026.