Going Concern Warning Issued
SEC EDGAR, 2026-11-13: 10-K — "substantial doubt"
card:verdict {"headline":"Guru App Factory Corp reports a going concern warning in its Form 10-K due to a working capital deficit and net losses","call":"Going concern warning issued in annual filing","stance":"watching","confidence":"high","why":"The company has a working capital deficit of $60,743, an accumulated deficit of $126,863, and relies on its sole officer/director for financial support."}
card:stats [{"label":"Working Capital Deficit","value":"$60,743","note":"As of July 31, 2026","tone":"bad"}, {"label":"Net Loss","value":"$59,440","note":"FY ended July 31, 2026","tone":"bad"}, {"label":"Revenue","value":"$52,000","note":"FY ended July 31, 2026","tone":"bad"}, {"label":"Accumulated Deficit","value":"$126,863","note":"As of July 31, 2026","tone":"bad"}]
card:lines [{"name":"Mobile App Development & Consulting","share":100,"revenue":"$52,000","gm":"42.3%","trend":"down","note":"All revenue generated from one customer"}]
Going Concern Warning Issued
Guru App Factory Corp. reported a going concern warning in its Form 10-K for the fiscal year ended July 31, 2026. The company has not established an ongoing source of revenue sufficient to cover its operating costs. For the fiscal year ended July 31, 2026, the company generated $52,000 in revenue (down from $94,500 in the prior year) from a single customer, while incurring a net loss of $59,440 and negative cash flows from operating activities of $39,222. As of July 31, 2026, the company had a working capital deficit of $60,743 and an accumulated deficit of $126,863. To continue operations, the company relies on its major stockholder (who is also the sole officer and director) who has agreed not to demand repayment of $40,525 in advances and has promised working capital support for at least 12 months from the date of issuance.
card:risks [{"text":"Severe liquidity constraint with $0 cash on hand as of July 31, 2026, relying entirely on related-party advances.","level":"high","kind":"structural"}, {"text":"Extreme customer concentration with 100% of revenue derived from a single customer.","level":"high","kind":"business"}]
card:watch [{"signal":"Related-party funding or third-party financing","trigger":"Securing external equity or debt financing, or continued funding from the sole director","means":"strengthening"}]
card:sources [{"name":"GAFC 10-K Filing","note":"Going concern disclosure in Note 2","url":"https://www.sec.gov/Archives/edgar/data/1989788/000168316826008712/guru_i10k-073126.htm"}]
Company: Guru App Factory Corp (GAFC) Filed: 2026-11-13, 10-K (Item 8 / Note 2) Phrase: "substantial doubt" — "These factors raise substantial doubt regarding the Company’s ability to continue as a going concern." What the filing says: Guru App Factory Corp. reported a going concern warning in its Form 10-K for the fiscal year ended July 31, 2026. The company has not established an ongoing source of revenue sufficient to cover its operating costs. For the fiscal year ended July 31, 2026, the company generated $52,000 in revenue (down from $94,500 in the prior year) from a single customer, while incurring a net loss of $59,440 and negative cash flows from operating activities of $39,222. As of July 31, 2026, the company had a working capital deficit of $60,743 and an accumulated deficit of $126,863. To continue operations, the company relies on its major stockholder (who is also the sole officer and director) who has agreed not to demand repayment of $40,525 in advances and has promised working capital support for at least 12 months from the date of issuance. Two ways it goes: A. The company secures third-party equity or debt financing to fund its operations. B. The company fails to obtain financing or continued support from its major stockholder and ceases operations. Next date: none named Watch: The receipt of third-party equity or debt financing, or further advances from the sole director. Tags: going concern, demand falling, margins compressing