EVENTIKO Reports Zero Revenue, Mounting Deficit; Going Concern Doubts Persist
Ticker: EVTK · Form: 10-Q · Filed: Sep 2, 2025 · CIK: 1816554
| Field | Detail |
|---|---|
| Company | Eventiko INC. (EVTK) |
| Form Type | 10-Q |
| Filed Date | Sep 2, 2025 |
| Risk Level | high |
| Pages | 15 |
| Reading Time | 17 min |
| Key Dollar Amounts | $0.0001, $0.02, $8,116, $12,694 |
| Sentiment | bearish |
Sentiment: bearish
Topics: Pre-revenue, Going Concern, Related Party Loans, Accumulated Deficit, Event Planning, Start-up Risk, Microcap
Related Tickers: EVTK
TL;DR
**EVTK is a pre-revenue shell company with no cash, relying solely on director loans, making it a highly speculative bet on future capital raises.**
AI Summary
EVENTIKO INC. (EVTK) reported no revenue for the three months ended July 31, 2025, and July 31, 2024, indicating a pre-revenue stage. The company incurred a net loss of $8,116 for the three months ended July 31, 2025, an improvement from the $12,694 net loss reported for the same period in 2024. General and administrative expenses decreased to $8,116 in Q3 2025 from $12,694 in Q3 2024. As of July 31, 2025, the accumulated deficit reached $88,878, up from $80,762 on April 30, 2025. The company's operations are entirely financed by related party loans, which increased to $31,983 as of July 31, 2025, from $23,867 on April 30, 2025. EVTK has no cash or cash equivalents and faces substantial doubt about its ability to continue as a going concern, relying on future capital market investments. The company plans to organize fashion events in Thailand and other Asian countries, with a fee service of 10-20% from the total price.
Why It Matters
For investors, EVENTIKO's continued lack of revenue and increasing accumulated deficit of $88,878 signals extreme risk, as the company is entirely dependent on related party loans for survival. Employees face significant job insecurity given the 'going concern' warning and the absence of any benefit plans. Customers, particularly those in the nascent Thailand event market, might experience service disruptions if EVTK fails to secure external funding. In a competitive event planning industry, EVTK's inability to generate revenue or attract traditional financing puts it at a severe disadvantage, highlighting its precarious market position.
Risk Assessment
Risk Level: high — The company has generated no revenue since its inception and reported an accumulated deficit of $88,878 as of July 31, 2025. It has no cash or cash equivalents and relies entirely on related party loans, which totaled $31,983 as of July 31, 2025, indicating severe liquidity issues and substantial doubt about its ability to continue as a going concern.
Analyst Insight
Investors should avoid EVTK due to its pre-revenue status, significant accumulated deficit, and complete reliance on related party financing. This company is a highly speculative venture with no clear path to profitability or sustainable operations, making it unsuitable for most portfolios.
Financial Highlights
- debt To Equity
- N/A
- revenue
- $0
- operating Margin
- N/A
- total Assets
- $0
- total Debt
- $31,983
- net Income
- $-8,116
- eps
- $0.00
- gross Margin
- N/A
- cash Position
- $0
- revenue Growth
- N/A
Revenue Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Fashion Events (Planned) | $0 | N/A |
Key Numbers
- $0 — Revenue (for three months ended July 31, 2025 and 2024, indicating pre-revenue stage)
- $8,116 — Net Loss (for three months ended July 31, 2025, an improvement from $12,694 in 2024)
- $88,878 — Accumulated Deficit (as of July 31, 2025, increased from $80,762 on April 30, 2025)
- $31,983 — Related Party Loans (as of July 31, 2025, up from $23,867 on April 30, 2025, indicating sole funding source)
- $0 — Cash and Cash Equivalents (as of July 31, 2025, highlighting severe liquidity issues)
- 4,192,500 — Common Shares Outstanding (as of July 31, 2025, unchanged)
- $0.00 — Net Loss per Common Share (for three months ended July 31, 2025 and 2024)
- 10-20% — Fee Service (expected revenue percentage from total event price)
Key Players & Entities
- EVENTIKO INC. (company) — registrant
- Nevada (company) — state of incorporation
- Thailand (company) — initial market for event organization
- Vietnam (company) — planned expansion market
- Cambodia (company) — planned expansion market
- SEC (regulator) — filing oversight
- Bloomberg (company) — publisher
- July 31, 2025 (date) — end of reporting period
- April 30, 2025 (date) — previous audited period end
- Atlanta, GA (company) — principal executive offices location
FAQ
What is EVENTIKO INC.'s current revenue status?
EVENTIKO INC. has not generated any revenue for the three months ended July 31, 2025, or for the same period in 2024, indicating it is still in a pre-revenue stage.
What is EVENTIKO INC.'s net loss for the recent quarter?
For the three months ended July 31, 2025, EVENTIKO INC. reported a net loss of $8,116, which is an improvement compared to the $12,694 net loss for the three months ended July 31, 2024.
Does EVENTIKO INC. have enough cash to operate?
No, EVENTIKO INC. reported $0 in cash and cash equivalents as of July 31, 2025, and April 30, 2025, indicating a complete lack of liquidity.
What is the primary source of funding for EVENTIKO INC.?
EVENTIKO INC. is primarily funded by related party loans, which amounted to $31,983 as of July 31, 2025, and $23,867 as of April 30, 2025.
What is the accumulated deficit for EVENTIKO INC.?
As of July 31, 2025, EVENTIKO INC.'s accumulated deficit was $88,878, an increase from $80,762 as of April 30, 2025.
What are the future business plans for EVENTIKO INC.?
EVENTIKO INC. plans to organize fashion events, parties, exhibitions, festivals, and ceremonies, initially in Thailand, with future expansion into other Asian countries like Vietnam and Cambodia.
What is the 'going concern' risk for EVENTIKO INC.?
There is substantial doubt about EVENTIKO INC.'s ability to continue as a going concern due to its accumulated deficit of $88,878 and its inability to establish a stabilized source of revenue to cover operating costs.
How many shares of common stock does EVENTIKO INC. have outstanding?
As of July 31, 2025, EVENTIKO INC. had 4,192,500 shares of common stock issued and outstanding.
Has EVENTIKO INC. adopted any stock option plans?
No, EVENTIKO INC. has not adopted a stock option plan and has not granted any stock options to date.
What impact has COVID-19 had on EVENTIKO INC.?
The ultimate impact of the COVID-19 pandemic on EVENTIKO INC.'s operations is unknown, but it is anticipated to have a material adverse impact on its business, financial condition, and results of operations, affecting all business segments.
Risk Factors
- Substantial Doubt About Going Concern [high — financial]: The company has no cash or cash equivalents and has accumulated a deficit of $88,878 as of July 31, 2025. Operations are solely financed by related party loans, which increased to $31,983. This indicates a severe liquidity issue and substantial doubt about its ability to continue as a going concern.
- Dependence on Related Party Loans [high — financial]: All operations are financed by related party loans, which have increased from $23,867 to $31,983 between April 30, 2025, and July 31, 2025. This concentration of funding creates a significant risk if these loans are not continued or are recalled.
- Pre-Revenue Stage [high — financial]: EVENTIKO INC. reported $0 revenue for the three months ended July 31, 2025, and July 31, 2024. The company has not generated any revenue since inception, relying entirely on external financing for its operations.
- Lack of Employees and Benefits [medium — operational]: The company currently has no employees other than its officer and director, and no benefit plans are in place. This limited operational capacity and human resources could hinder future growth and execution of plans.
- Negative Working Capital [high — financial]: As of July 31, 2025, the company has a working capital deficit of $(31,983), with $0 current assets and $31,983 in current liabilities (primarily related party loans). This negative working capital position exacerbates liquidity concerns.
Industry Context
The fashion event organizing industry, particularly in Asia, is competitive and relies on strong execution, marketing, and network building. Companies in this space typically generate revenue through service fees, commissions, or sponsorships. EVENTIKO INC. plans to enter this market with a fee structure of 10-20% of the total event price, but currently lacks the operational and financial foundation to compete effectively.
Regulatory Implications
As a pre-revenue company with significant financial risks, EVENTIKO INC. is subject to scrutiny regarding its disclosures and ability to meet financial obligations. Future capital raises will require compliance with securities regulations. The company's reliance on related party financing also necessitates transparency to avoid potential conflicts of interest and regulatory issues.
What Investors Should Do
- Monitor future funding rounds closely.
- Evaluate the feasibility of the business model and market entry strategy.
- Assess the risk associated with related party financing.
Key Dates
- 2025-07-31: Quarterly Financial Reporting Date — Indicates the company's financial position and results of operations for the period, highlighting $0 revenue, a net loss of $8,116, and $0 cash.
- 2025-04-30: Previous Quarter End — Provides a comparative point for the increase in related party loans ($23,867 to $31,983) and accumulated deficit ($80,762 to $88,878).
Glossary
- Accumulated Deficit
- The total net losses a company has incurred since its inception, minus any net income. It represents a negative balance in retained earnings. (Shows the cumulative losses of EVENTIKO INC., which reached $(88,878) as of July 31, 2025, indicating a history of unprofitability.)
- Related Party Loans
- Loans made between entities or individuals that have a close relationship, such as between a company and its officers, directors, or major shareholders. (These loans are the sole source of funding for EVENTIKO INC., totaling $31,983 as of July 31, 2025, highlighting a critical dependency and potential conflict of interest.)
- Going Concern
- An assumption that a company will continue to operate for the foreseeable future, without the intention or need for liquidation or to cease trading. (The company faces 'substantial doubt' about its ability to continue as a going concern due to its lack of revenue, cash, and reliance on related party loans.)
- Working Capital
- The difference between a company's current assets and current liabilities. It is a measure of short-term financial health and operational efficiency. (EVENTIKO INC. has negative working capital of $(31,983) as of July 31, 2025, indicating potential short-term liquidity problems.)
Year-Over-Year Comparison
Compared to the prior period (likely April 30, 2025, based on the 10-Q structure), EVENTIKO INC. has seen its net loss for the quarter decrease from $12,694 to $8,116, primarily due to a reduction in general and administrative expenses from $12,694 to $8,116. However, the accumulated deficit has increased from $80,762 to $88,878, and related party loans have grown from $23,867 to $31,983, indicating continued operational funding challenges and a worsening overall deficit position despite short-term expense control.
Filing Stats: 4,350 words · 17 min read · ~15 pages · Grade level 14.7 · Accepted 2025-09-02 11:56:09
Key Financial Figures
- $0.0001 — to a director for services of $ 300 at $0.0001 per share. In October 2020, the Compan
- $0.02 — holders for cash proceeds of $ 2,860 at $0.02 per share. In November, December and J
- $8,116 — 12,694 ) We have incurred expenses of $8,116 for professional fees and incorporation
- $12,694 — net cash from financing activities was $12,694 consisting of director loan. Plan of O
Filing Documents
- eventiko_i10q-073125.htm (10-Q) — 262KB
- eventiko_ex3101.htm (EX-31.1) — 9KB
- eventiko_ex3102.htm (EX-31.2) — 9KB
- eventiko_ex3201.htm (EX-32.1) — 4KB
- 0001683168-25-006607.txt ( ) — 1575KB
- evtk-20250731.xsd (EX-101.SCH) — 11KB
- evtk-20250731_cal.xml (EX-101.CAL) — 18KB
- evtk-20250731_def.xml (EX-101.DEF) — 26KB
- evtk-20250731_lab.xml (EX-101.LAB) — 148KB
- evtk-20250731_pre.xml (EX-101.PRE) — 115KB
- eventiko_i10q-073125_htm.xml (XML) — 101KB
Financial Statements (Unaudited)
Financial Statements (Unaudited) 3 Balance Sheets 3 4 5 6 Notes to the Financial Statements 7 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 11 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 13 Item 4.
Controls and Procedures
Controls and Procedures 13 PART II. OTHER INFORMATION Item 1
Legal Proceedings
Legal Proceedings 14 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 14 Item 3 Defaults Upon Senior Securities 14 Item 4 Mine safety disclosures 14 Item 5 Other Information 14 Item 6 Exhibits 14
- FINANCIAL INFORMATION
PART I - FINANCIAL INFORMATION
FINANCIAL STATEMENTS
ITEM 1. FINANCIAL STATEMENTS EVENTIKO INC. BALANCE SHEET July 31, 2025 April 30, 2025 (Unaudited) (Audited) ASSETS Current Assets Cash and cash equivalents $ – $ – Total Current assets – – Fixed Assets – – Total Assets $ – $ – LIABILITIES & STOCKHOLDERS' EQUITY Liabilities Accounts Payable $ – $ – Accrued Expenses – – Related Party Loans 31,983 23,867 Total Current liabilities 31,983 23,867 Stockholders' Equity Common stock, $ 0.0001 par value, 75,000,000 shares authorized; 4,192,500 shares issued and outstanding; 419 419 Additional paid in capital 56,476 56,476 Accumulated deficit ( 88,878 ) ( 80,762 ) Total Stockholders' Equity ( 31,983 ) ( 23,867 ) Total Liabilities and Stockholders' Equity $ – $ – The accompanying notes are an integral part of these financial statements. 3 EVENTIKO INC. (Unaudited) Three Months Ended July 31, 2025 Three Months Ended July 31, 2025 Revenue $ – $ – General and administrative expenses 8,116 12,694 Total operating expenses 8,116 12,694 Net income (loss) from operations $ ( 8,116 ) $ ( 12,694 ) Provisions from Income Taxes – – NET INCOME (LOSS) $ ( 8,116 ) $ ( 12,694 ) Net Loss per common share: Basic and Diluted $ ( 0.00 ) $ ( 0.00 ) Weighted Average Number of Common Shares Outstanding: Basic and Diluted 4,192,500 4,192,500 The accompanying notes are an integral part of these financial statements. 4 EVENTIKO INC. FOR THE QUARTER ENDED JULY 31, 2025 & 2024 Common Stock Additional Paid-in Deficit Total Stockholders' Shares Amount Capital Accumulated Equity Balance, April 30, 2021 (Audited) 4,192,500 $ 419 $ 23,731 $ ( 11,866 ) $ ( 12,284 ) Net loss for the year ended April 30, 2022 – – – ( 20,832 ) ( 20,832 ) Balance, April 30, 2022 (Audited) 4,192,500 $ 419 $ 23,731 $ ( 32,699 ) $ ( 8,549 ) Net loss
FORWARD LOOKING STATEMENTS
FORWARD LOOKING STATEMENTS historical or current facts are "forward-looking statements" made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 (the "Act") and Section 21E of the Securities Exchange Act of 1934. These statements often can be identified by the use of terms such as "may," "will," "expect," "believe," "anticipate," "estimate," "approximate" or "continue," or the negative thereof. We intend that such forward-looking statements be subject to the safe harbors for such statements. We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Any forward-looking statements represent management's best judgment as to what may occur in the future. However, forward-looking statements are subject to risks, uncertainties and important factors beyond our control that could cause actual results and events to differ materially from historical results of operations and events and those presently anticipated or projected. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statement or to reflect the occurrence of anticipated or unanticipated events.
MANAGEMENT'S DISCUSSION AND ANALYSIS
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION EMPLOYEES AND EMPLOYMENT AGREEMENTS At present, we have no employees other than our officer and director. We presently do not have pension, health, annuity, insurance, stock options, profit sharing or similar benefit plans; however, we may adopt such plans in the future. There are presently no personal benefits available to any officers, directors or employees. Results of Operation Our financial statements have been prepared assuming that we will continue as a going concern and, accordingly, do not include adjustments relating to the recoverability and realization of assets and classification of liabilities that might be necessary should we be unable to continue in operation. We expect we will require additional capital to meet our long term operating requirements. We expect to raise additional capital through, among other things, the sale of equity or debt securities. Results of Operations Three months Ended July 31, 2025 & July 31, 2024 Revenue We have not generated any revenues since our inception. Operating Expenses Our operating expenses for the three months ended July 31, 2025 and three months ended July 31, 2024 are summarized as follows: Three Months Ended July 31, 2025 Three Months Ended July 31, 2024 Revenue $ – $ – General and administrative 8,116 12,694 Total Operating Expenses $ (8,116 ) $ (12,694 ) We have incurred expenses of $8,116 for professional fees and incorporation fees. 11 Liquidity and Financial Condition Working Capital At July 31, 2025 At April 30, 2025 Current assets $ – $ – Current liabilities (31,983 ) (23,867 ) Working capital $ (31,983 ) $ (23,867 ) Our total current assets as of July 31, 2025 and April 30, 2025 were $Nil. Our total current liabilities as of July 31, 2025 were $(31,983) as compared to total current liabilities $(23,867) of as of April 30, 2025 The decrease in curre
QUANTITATIVE AND QUALITATIVE DISCLOSURES
ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK. No report required.
CONTROLS AND PROCEDURES
ITEM 4. CONTROLS AND PROCEDURES Our management is responsible for establishing and maintaining a system of disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e) under the Exchange Act) that is designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the Commission's rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by an issuer in the reports that it files or submits under the Exchange Act is accumulated and communicated to the issuer's management, including its principal executive officer or officers and principal financial officer or officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure. An evaluation was conducted under the supervision and with the participation of our management of the effectiveness of the design and operation of our disclosure controls and procedures as of July 31, 2025. Based on that evaluation, our management concluded that our disclosure controls and procedures were not effective as of such date to ensure that information required to be disclosed in the reports that we file or submit under the Exchange Act, is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms. Such officer also confirmed that there was no change in our internal control over financial reporting during the three-months period ended July 31, 2025 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting. 13
OTHER INFORMATION
PART II. OTHER INFORMATION
LEGAL PROCEEDINGS
ITEM 1. LEGAL PROCEEDINGS Management is not aware of any legal proceedings contemplated by any governmental authority or any other party involving us or our properties. As of the date of this Quarterly Report, no director, officer or affiliate is (i) a party adverse to us in any legal proceeding, or (ii) has an adverse interest to us in any legal proceedings. Management is not aware of any other legal proceedings pending or that have been threatened against us or our properties.
UNREGISTERED SALES OF EQUITY SECURITIES
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS No report required.
DEFAULTS UPON SENIOR SECURITIES
ITEM 3. DEFAULTS UPON SENIOR SECURITIES No report required.
MINE SAFETY DISCLOSURES
ITEM 4. MINE SAFETY DISCLOSURES Not applicable.
OTHER INFORMATION
ITEM 5. OTHER INFORMATION During the quarter ended July 31, 2025, no director or officer adopted or terminated any Rule 10b5-1 trading arrangement or non-Rule 10b5-1 trading arrangement, as each term is defined in Item 408(a) of Regulation S-K.
EXHIBITS
ITEM 6. EXHIBITS Exhibits: 31.1 Certification of Chief Executive Officer pursuant to Securities Exchange Act of 1934 Rule 13a-14(a) or 15d-14(a) 31.2 Certification of Chief Financial Officer pursuant to Securities Exchange Act of 1934 Rule 13a-14(a) or 15d-14(a) 32.1 Section 1350 Certifications 101.INS Inline XBRL Instance Document (the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document) 101.SCH Inline XBRL Taxonomy Extension Schema Document 101.CAL Inline XBRL Taxonomy Extension Calculation Linkbase Document 101.DEF Inline XBRL Taxonomy Extension Definition Linkbase Document 101.LAB Inline XBRL Taxonomy Extension Label Linkbase Document 101.PRE Inline XBRL Taxonomy Extension Presentation Linkbase Document 104 Cover Page Interactive Data File (formatted in IXBRL, and included in exhibit 101). 14
SIGNATURES
SIGNATURES In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Eventiko Inc. Dated: September 2, 2025 By: /s / Wei Zhong Wei Zhong, President, Treasurer, Secretary and Director (Principal Executive, Financial and Accounting Officer) 15