Dankon Corp discloses substantial doubt about its ability to continue as a going concern due to a $101,970 working capital deficit and reliance on CEO loans.
SEC EDGAR, 2026-10-15: 10-Q — "substantial doubt"
Dankon Corp discloses substantial doubt about its ability to continue as a going concern due to a $101,970 working capital deficit and reliance on CEO loans.
Company: Dankon Corp (DNKC) Filed: 2026-10-15, 10-Q (Item none) Phrase: "substantial doubt" — "These factors raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date that these financial statements are issued." What the filing says: For the six months ended August 31, 2026, Dankon Corp generated revenue of $54,694 and incurred a net loss of $5,710. As of August 31, 2026, the company had an accumulated deficit of $53,555, a cash balance of $3,621, a working capital deficit of $101,970, and remained dependent on loans from its Chief Executive Officer, Edgar Ulises Rodriguez Velazquez, which totaled $95,080. Management plans to fund operating costs over the next twelve months through subscription-based API service revenue, continued director loans, or a private offering of common stock, though there is no assurance these plans will succeed. Two ways it goes: A. The company secures sufficient financing or generates enough revenue to fund its operations. B. The company fails to obtain financing or sufficient revenue and cannot continue as a going concern. Next date: none named Watch: SEC filings disclosing new equity offerings, additional CEO loan agreements, or quarterly revenue growth.