4/5NetBrands Corp. (NBND): Going-concern doubt

Market data

n/a: no price data available for NBND.

Verified excerpt

"NOTE 2 – GOING CONCERN As of March 31, 2025, the Company had cash and cash equivalents of $- 0 -, negative working capital of $ 1,797,720 , and had an accumulated deficit of $ 31,340,013 . These conditions raise substantial doubt about the Company's ability to continue as a going concern."

Quoted from the filing. Source

What this means

The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.

Source: management disclosure in Form 10-Q (period 2025-03-31)

Why this score: quarterly (unaudited) disclosure; also within 90 days: Auditor change