NEURALBASE AI Posts Zero Revenue, Deepens Deficit Amid Rising Expenses

TL;DR

**BMPA is a cash-strapped, pre-revenue AI shell with a 'going concern' warning; avoid at all costs.**

AI Summary

NEURALBASE AI LTD. (BMPA) reported no revenue for the three and six months ended June 30, 2025, consistent with the prior year. The company incurred a net loss of $133,270 for the three months ended June 30, 2025, a significant improvement from the $730,207 net loss in the same period of 2024, primarily due to a $720,000 loss on acquisition of intangible assets in 2024 that did not recur. For the six months ended June 30, 2025, the net loss was $154,667, also a substantial reduction from $767,231 in the prior year. Operating expenses increased significantly, with general and administrative expenses rising to $109,621 for the six months ended June 30, 2025, from $11,710 in 2024, and professional fees increasing to $33,500 from $28,045. The company's total liabilities grew to $767,764 as of June 30, 2025, from $708,997 at December 31, 2024, driven by an increase in notes payable to $202,485 from $143,039. BMPA continues to operate with a significant accumulated deficit of $4,120,024 as of June 30, 2025, and has no cash, raising substantial doubt about its ability to continue as a going concern without external funding.

Why It Matters

This filing reveals NEURALBASE AI LTD. is a pre-revenue company with significant financial instability, operating with no cash and a growing accumulated deficit of $4,120,024. For investors, this signals extreme risk, as the company's ability to continue operations is entirely dependent on securing external funding, which is not guaranteed. Employees face job insecurity given the 'going concern' warning. Customers, if any, should be wary of the company's long-term viability. In the broader AI market, this highlights the challenges faced by early-stage, unproven ventures, contrasting sharply with well-capitalized competitors. The competitive context shows BMPA is far from generating sustainable business.

Risk Assessment

Risk Level: high — The company reported no revenue for the three and six months ended June 30, 2025, and has an accumulated deficit of $4,120,024. Furthermore, the balance sheet shows $0 cash as of June 30, 2025, and December 31, 2024, explicitly stating, 'These conditions raise substantial doubt about the Company's ability to continue as a going concern.'

Analyst Insight

Investors should avoid NEURALBASE AI LTD. (BMPA) due to its pre-revenue status, significant accumulated deficit of $4,120,024, and explicit 'going concern' warning. The company's complete dependence on future funding, with no firm agreements, makes it a highly speculative and risky investment.

Financial Highlights

debt To Equity

N/A

revenue

$0

operating Margin

N/A

total Assets

$0

total Debt

$767,764

net Income

$(154,667)

eps

$ (0.00)

gross Margin

N/A

cash Position

$0

revenue Growth

N/A

Key Numbers

• $0 — Revenue (for three and six months ended June 30, 2025, indicating pre-revenue status)
• $(133,270) — Net loss (for the three months ended June 30, 2025, an improvement from $(730,207) in 2024)
• $(154,667) — Net loss (for the six months ended June 30, 2025, an improvement from $(767,231) in 2024)
• $4,120,024 — Accumulated deficit (as of June 30, 2025, indicating significant historical losses)
• $0 — Cash (as of June 30, 2025, highlighting severe liquidity issues)
• $767,764 — Total liabilities (as of June 30, 2025, an increase from $708,997 at December 31, 2024)
• 59,790,183 — Common shares outstanding (as of August 14, 2025, indicating significant share count)
• $109,621 — General and administrative expenses (for the six months ended June 30, 2025, a substantial increase from $11,710 in 2024)
• $202,485 — Notes payable (as of June 30, 2025, an increase from $143,039 at December 31, 2024)

Key Players & Entities

• NEURALBASE AI LTD. (company) — registrant
• Mr. Henry Chang Manayan (person) — former sole-officer and director
• Mr. Charandeep Gopishetty (person) — former President, CEO, Treasurer, CFO, and Director
• Mr. Frank Gomez (person) — current Sole-Officer and Director, Seller of Multidoc AI assets
• Grupo FG SAS (company) — alter-ego of Mr. Gomez, holder of Multidoc AI assets
• Multidoc AI (company) — artificial intelligence system acquired by NEURALBASE AI
• SEC (regulator) — Securities and Exchange Commission
• Nevada (regulator) — state of incorporation

FAQ

Risk Factors

• Going Concern Uncertainty [high — financial]: The company has $0 cash as of June 30, 2025, and a significant accumulated deficit of $4,120,024. This lack of liquidity and substantial historical losses raise substantial doubt about its ability to continue as a going concern without external funding.
• Increasing Operating Expenses [high — financial]: General and administrative expenses increased significantly to $109,621 for the six months ended June 30, 2025, from $11,710 in the prior year. Professional fees also rose to $33,500 from $28,045. This trend, coupled with no revenue, indicates escalating costs without corresponding income generation.
• Growing Liabilities [medium — financial]: Total liabilities increased to $767,764 as of June 30, 2025, from $708,997 at December 31, 2024. This growth is primarily driven by an increase in notes payable to $202,485 from $143,039, suggesting increased reliance on debt financing.
• Pre-Revenue Status [high — operational]: The company reported no revenue for the three and six months ended June 30, 2025, consistent with the prior year. This persistent lack of revenue generation is a critical risk for a company aiming to establish itself in the AI market.
• Dependence on External Funding [high — operational]: With no cash reserves and ongoing net losses, the company is entirely dependent on external funding to sustain operations. Any disruption or inability to secure new financing would immediately impact its viability.

Industry Context

NEURALBASE AI LTD. is positioning itself in the rapidly growing Artificial Intelligence (AI) sector, specifically focusing on AI assistants for document analysis and query resolution. The 'Multidoc AI' technology aims to provide businesses with tools to manage and extract information from their own digital and scanned documents. The competitive landscape for AI solutions is intense, with numerous established tech giants and emerging startups vying for market share.

Regulatory Implications

As a company operating in the AI space, NEURALBASE AI LTD. may face evolving regulatory scrutiny concerning data privacy, algorithmic bias, and intellectual property rights. Compliance with these regulations will be crucial for its long-term success and market acceptance.

What Investors Should Do

1. Monitor future funding rounds closely.
2. Evaluate the progress of the 'Multidoc AI' acquisition and integration.
3. Analyze the trend of increasing operating expenses against revenue generation.

Key Dates

• 2025-06-30: End of Q2 2025 reporting period — Reported $0 revenue, a net loss of $133,270 for the quarter, and $0 cash, highlighting ongoing financial challenges.
• 2025-06-30: Balance Sheet Date — Total liabilities stood at $767,764, with notes payable at $202,485, indicating an increase in debt obligations.
• 2024-05-16: Unwind Agreement and Asset Purchase Agreement — The company unwound a previous agreement and entered into a new one to acquire AI assets related to 'Multidoc AI', signaling a strategic shift towards AI technology.
• 2024-05-16: Loss on acquisition of intangible assets recognized — A significant $720,000 loss was recorded in the prior year's comparable period, which did not recur in 2025, contributing to the improved net loss for the current period.

Glossary

Accumulated deficit

The total cumulative net losses of a company that have not been offset by net income. It represents the total losses incurred since the company's inception. (Indicates NEURALBASE AI LTD.'s significant historical unprofitability, with a deficit of $4,120,024 as of June 30, 2025.)

Going concern

An accounting assumption that a business will continue to operate for the foreseeable future. If there is substantial doubt about this, it must be disclosed. (The company's financial condition, including $0 cash and significant losses, raises substantial doubt about its ability to continue as a going concern.)

Notes payable

A written promise to pay a specific amount of money on demand or at a specified future date, often with interest. (An increase in notes payable to $202,485 from $143,039 contributed to the overall rise in total liabilities.)

Loss on acquisition of intangible assets

A charge recorded when the cost of acquiring intangible assets exceeds their fair value, or when the value of previously acquired intangible assets diminishes significantly. (A $720,000 loss in the prior year's comparable period significantly impacted net loss, and its absence in the current period improved the net loss figures.)

Multidoc AI

An artificial intelligence system developed by Grupo FG SAS that allows businesses to create AI assistants capable of resolving queries by extracting information from internal company documents. (This is the core AI technology NEURALBASE AI LTD. is acquiring, indicating the company's strategic focus.)

Year-Over-Year Comparison

NEURALBASE AI LTD. reported no revenue in both the current and prior periods. However, the net loss for the three months ended June 30, 2025, significantly improved to $(133,270) from $(730,207) in 2024, primarily due to the absence of a $720,000 loss on acquisition of intangible assets. Total liabilities have increased to $767,764 from $708,997, driven by higher notes payable. Operating expenses, particularly general and administrative, have seen a substantial increase.

Filing Documents

• nbbi_10q.htm (10-Q) — 482KB
• nbbi_ex311.htm (EX-31.1) — 12KB
• nbbi_ex321.htm (EX-32.1) — 5KB
• 0001477932-25-005846.txt ( ) — 2237KB
• vira-20250630.xsd (EX-101.SCH) — 26KB
• vira-20250630_lab.xml (EX-101.LAB) — 141KB
• vira-20250630_cal.xml (EX-101.CAL) — 24KB
• vira-20250630_pre.xml (EX-101.PRE) — 114KB
• vira-20250630_def.xml (EX-101.DEF) — 70KB
• nbbi_10q_htm.xml (XML) — 244KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION Item 1. Condensed Financial Statements. 4 CONDENSED BALANCE SHEETS 4 CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED) 5 CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED) 7 CONDENSED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (UNAUDITED) 6 NOTES TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED) 8 Item 2.

Management's Discussion and Analysis of Financial Conditions and Results of Operations

Management's Discussion and Analysis of Financial Conditions and Results of Operations. 14 Item 3.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk. 16 Item 4.

Controls and Procedures

Controls and Procedures. 16

OTHER INFORMATION

PART II. OTHER INFORMATION Item 1. Legal Proceedings. 18 Item 1A. Risk Factors. 18 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. 18 Item 3. Defaults Upon Senior Securities. 18 Item 4. Mine Safety Disclosures. 18 Item 5. Other Information. 18 Item 6. Exhibits. 19 2 Table of Contents SPECIAL NOTE REGARDING FORWARD-LOOKING INFORMATION This quarterly report on Form 10-Q and other publicly available documents, including the documents incorporated herein by reference, contain, and our officers and representatives may from time to time make, "forward-looking" statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: "anticipate," "believe," "expect," "future," "likely," "may," "plan," "seek," "will" and similar references to future periods actions or results. Examples of forward-looking statements include our prospects for one or more future material transactions, potential sources of financing, and expenses for future periods. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Any forward-looking statement made by us in this quarterly report on Form 10-Q is based only on information currently available to us

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Condensed Financial Statements

Item 1. Condensed Financial Statements. NEURALBASE AI LTD . AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (Unaudited) June 30, 2025 December 31, 2024 ASSETS Current assets Cash - - Total current assets - - Total assets - - LIABILITIES AND STOCKHOLDERS' DEFICIT Current liabilities Accounts payable and accrued liabilities 200,949 201,628 Advances 127,650 127,650 Advances - Related party 80,680 80,680 Judgement payable 103,000 103,000 Notes payable - related party 7,000 7,000 Notes payable 202,485 143,039 Total current liabilities 721,764 662,997 Notes payable, net of debt discount 46,000 46,000 Total liabilities 767,764 708,997 Stockholders' deficit Preferred stock, $ 0.0001 par value, 480,000,000 shares authorized, 0 and 0 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively - - Class A Preferred stock, $ 0.0001 par value, 10,000,000 shares authorized, 9,003,774 and 9,003,774 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 900 900 Class B Preferred stock, $ 0.0001 par value, 10,000,000 shares authorized, 3,500,000 and 3,500,000 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 250 350 Common stock, $ 0.0001 par value, 2,500,000,000 shares authorized, 200,183 and 200,183 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 5,979 20 Additional paid in capital 3,345,131 3,255,090 Accumulated deficit ( 4,120,024 ) ( 3,965,357 ) Total stockholders' deficit ( 767,764 ) ( 708,997 ) Total liabilities and stockholders' deficit - - See accompanying notes to the consolidated financial statements 4 Table of Contents NEURALBASE AI LTD . AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) For the three months ended For the six months ended June 30, 2025 June 30, 2024 June 30, 2025 June

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS June 30, 2025 NOTE 1 – NATURE OF BUSINESS AND OPERATIONS Organization NEURALBASE AI LTD. AND SUBSIDIARIES (formerly known as Viratech Corp, Imperia Entertainment, Soleil Film and Television, Inc. Ameridream Entertainment, Inc. and Mc Smoothie's, Inc. (the Company) was incorporated under the laws of the state of California as Acquisition Solutions on March 21, 2000. It became a Nevada corporation on July 18, 2006. On March 7, 2023, the Company received notice of resignation from Mr. Henry Chang Manayan ("Mr. Manayan") sole-officer and director of the Company (the "Resignation"), Mr. Manayan stated that his resignation was not the result of any disagreements between himself and the Company relating to the Company's operations, policies, or practices. Effective immediately upon the resignation of Mr. Manayan, the Company appointed Mr. Charandeep Gopishetty ("Mr. Gopishetty") to serve as President, Chief Executive Officer, Treasurer, Chief Financial Officer, and Director of the Company to serve until the next annual meeting of the Company or until his respective successor is duly appointed. Mr. Gopishetty accepted the appointments, effective as of March 7, 2023. On May 16, 2024, the Company, Gopishetty, and Blackwell entered an Unwind Agreement and Mutual Release (the "Unwind Agreement"), for the purpose of unwinding, and rendering void, the Purchase Agreement ("Original APA") executed by and between the Company, Gopishetty, and Blackwell. The Parties have mutually and voluntarily agreed to unwind the transaction contemplated by the Original APA. Accordingly, the Company shall return all the Assets acquired pursuant to the terms and conditions of the Original APA once Gopishetty has cancelled, and returned to the Company's treasury, the 9,000,000 restricted shares of the Company's Series A Preferred Stock received per the terms of the Original APA. Each of Company, Gopishetty, and Blackwell have made other representat

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