Jubilant Flame International reports a $1.46M working capital deficit and zero revenue, raising substantial doubt about its ability to continue as a going concern.
SEC EDGAR, 2026-10-14: 10-Q — "substantial doubt"
Jubilant Flame International reports a $1.46M working capital deficit and zero revenue, raising substantial doubt about its ability to continue as a going concern.
Company: Jubilant Flame International, Ltd (JFIL) Filed: 2026-10-14, 10-Q Phrase: "substantial doubt" — "This raises substantial doubt about the Company’s ability to continue as a going concern." What the filing says: As of August 31, 2026, the company had current assets of $5,665 (including $1,660 in cash) and current liabilities of $1,470,765, resulting in a working capital deficit of $1,465,100 and an accumulated deficit of $3,954,131. The company has zero revenue from its pre-revenue nutrition product technology support business and relies entirely on unsecured, interest-free demand loans from its CEO, Ms. Yan Li, which totaled $845,616 as of August 31, 2026, alongside $535,500 in accrued officer compensation. Two ways it goes: A. The company secures additional financing or related party loans to fund its operations and execute its business plan. B. The company fails to obtain funding and is unable to continue operations. Next date: none named Watch: The filing of subsequent financial reports or disclosures showing new financing agreements, related party loan advances, or revenue generation.