Goliath Film & Media's Revenue Plunges 38%, Net Loss Widens

TL;DR

**GFMH is a penny stock with declining revenue and increasing losses, making it a high-risk bet on a turnaround that isn't materializing.**

AI Summary

Goliath Film & Media Holdings (GFMH) reported a net loss of $15,524 for the six months ended October 31, 2025, a significant increase from the $2,033 net loss in the same period of 2024. However, for the three months ended October 31, 2025, the company posted a net income of $7,863, a slight decrease from $8,208 in the prior year's comparable quarter. Distribution revenues declined to $20,335 for both the three and six months ended October 31, 2025, down from $32,726 in the corresponding 2024 periods, representing a 37.8% decrease. Total assets remained minimal at $1,477 as of October 31, 2025, with cash at $1,477. The company's accumulated deficit grew to $1,125,456 by October 31, 2025, from $1,109,932 at April 30, 2025. Accounts payable to related parties increased to $128,313 from $113,324, indicating continued reliance on related-party financing. GFMH continues to operate with a substantial stockholders' deficit of $153,458 as of October 31, 2025.

Why It Matters

Goliath Film & Media's significant revenue decline and widening six-month net loss signal deep operational challenges, raising red flags for investors. The company's heavy reliance on related-party financing, with accounts payable to related parties at $128,313, suggests a lack of independent funding and potential liquidity issues, making it highly speculative. For employees and customers, this financial instability could impact future projects and job security. In a competitive media landscape, GFMH's inability to generate substantial revenue or profit puts it at a severe disadvantage against larger, well-capitalized studios, indicating a struggle for market relevance.

Risk Assessment

Risk Level: high — The company reported a net loss of $15,524 for the six months ended October 31, 2025, and distribution revenues decreased by 37.8% from $32,726 in 2024 to $20,335 in 2025. Furthermore, the accumulated deficit stands at $1,125,456, and total assets are only $1,477, indicating severe financial distress and a going concern risk.

Analyst Insight

Investors should avoid GFMH given its declining revenues, widening losses, and minimal asset base. The company's reliance on related-party financing and substantial accumulated deficit suggest a high probability of continued underperformance and potential delisting from the OTCBB.

Financial Highlights

debt To Equity

N/A

revenue

$20,335

operating Margin

N/A

total Assets

$1,477

total Debt

N/A

net Income

$7,863

eps

$0.00

gross Margin

N/A

cash Position

$1,477

revenue Growth

-37.8%

Revenue Breakdown

Key Numbers

• $20,335 — Distribution Revenues (Decreased from $32,726 in 2024 for the six months ended October 31, 2025, a 37.8% decline.)
• $(15,524) — Net Loss (Six Months) (Widened from $(2,033) in the prior year, indicating deteriorating profitability.)
• $1,477 — Total Assets (Extremely low, reflecting minimal operational scale and financial resources.)
• $(153,458) — Total Stockholders' Deficit (Increased from $(137,934) at April 30, 2025, showing continued erosion of equity.)
• $128,313 — Accounts Payable – Related Party (Increased from $113,324, highlighting significant reliance on related-party financing.)
• $1,125,456 — Accumulated Deficit (Grew from $1,109,932, indicating a history of sustained losses.)
• $10,600 — Advances from Related Party (Provided cash for financing activities, essential for liquidity.)
• 138,964,917 — Common Shares Outstanding (Consistent, but diluted EPS remains at $0.00 due to low share price and losses.)

Key Players & Entities

• Goliath Film & Media Holdings (company) — registrant
• $15,524 (dollar_amount) — net loss for six months ended Oct 31, 2025
• $2,033 (dollar_amount) — net loss for six months ended Oct 31, 2024
• $7,863 (dollar_amount) — net income for three months ended Oct 31, 2025
• $8,208 (dollar_amount) — net income for three months ended Oct 31, 2024
• $20,335 (dollar_amount) — distribution revenues for three and six months ended Oct 31, 2025
• $32,726 (dollar_amount) — distribution revenues for three and six months ended Oct 31, 2024
• $1,477 (dollar_amount) — total assets as of Oct 31, 2025
• $128,313 (dollar_amount) — accounts payable – related party as of Oct 31, 2025
• $1,125,456 (dollar_amount) — accumulated deficit as of Oct 31, 2025

FAQ

Risk Factors

• Sustained Accumulated Deficit [high — financial]: The company's accumulated deficit grew to $1,125,456 as of October 31, 2025, from $1,109,932 at April 30, 2025. This indicates a history of significant operating losses that have not been offset by profits.
• Stockholders' Deficit [high — financial]: GFMH continues to operate with a substantial stockholders' deficit of $153,458 as of October 31, 2025, an increase from $137,934 at April 30, 2025. This signifies that liabilities exceed assets, eroding equity.
• Reliance on Related-Party Financing [medium — financial]: Accounts payable to related parties increased to $128,313 from $113,324. This highlights a continued dependence on financing from related entities, which can pose risks if these relationships change.
• Minimal Asset Base and Cash Position [high — operational]: Total assets are extremely low at $1,477 as of October 31, 2025, with cash also at $1,477. This reflects a very small operational scale and limited financial resources to support growth or weather downturns.
• Deteriorating Net Loss [high — financial]: The net loss for the six months ended October 31, 2025, was $15,524, a significant increase from the $2,033 net loss in the same period of 2024. This points to worsening profitability.

Industry Context

The film and media industry is highly competitive and capital-intensive, with companies relying on content creation, distribution, and licensing for revenue. Trends include the shift to digital streaming, increasing production costs, and the need for strong intellectual property. Companies like GFMH, with minimal assets and declining revenues, face significant challenges in this environment.

Regulatory Implications

As a publicly traded entity, GFMH is subject to SEC regulations and reporting requirements. The company's minimal financial resources and ongoing losses could attract scrutiny regarding its ability to continue as a going concern, potentially leading to delisting or increased compliance burdens.

What Investors Should Do

1. Review related-party transactions
2. Assess the going concern viability
3. Monitor revenue trends closely

Key Dates

• 2025-10-31: Six months ended October 31, 2025 — Reported a net loss of $15,524 and a significant 37.8% decline in distribution revenues to $20,335, indicating deteriorating financial performance.
• 2025-10-31: Three months ended October 31, 2025 — Reported a net income of $7,863, a slight decrease from the prior year, with distribution revenues also declining.
• 2025-10-31: Balance Sheet Date — Total assets remained minimal at $1,477, with a substantial stockholders' deficit of $153,458 and an accumulated deficit of $1,125,456.
• 2025-04-30: Previous Fiscal Year End — Accumulated deficit was $1,109,932 and stockholders' deficit was $137,934, showing an increase in these negative financial indicators.

Glossary

Accumulated Deficit

The total cumulative net losses of a company that have not been offset by net income. It represents a negative retained earnings balance. (GFMH's accumulated deficit of $1,125,456 indicates a long history of unprofitability.)

Stockholders' Deficit

The amount by which a company's liabilities exceed its assets, resulting in a negative net worth for shareholders. (GFMH's stockholders' deficit of $153,458 shows that the company owes more than it owns.)

Related Party

A party that has the ability to control or significantly influence the operating decisions of another party. (GFMH's increased reliance on accounts payable to related parties ($128,313) highlights potential conflicts of interest or dependency on specific entities.)

Distribution Revenues

Revenue generated from the sale or licensing of film and media content to distributors. (The significant 37.8% decline in GFMH's distribution revenues to $20,335 is a key indicator of its struggling business operations.)

Year-Over-Year Comparison

Compared to the prior year's comparable periods, Goliath Film & Media Holdings (GFMH) shows a significant deterioration in its financial performance. Distribution revenues have fallen by 37.8% to $20,335 for the six months ended October 31, 2025. Furthermore, the net loss for this period has widened substantially to $15,524 from $2,033. The company's financial position also weakened, with its stockholders' deficit increasing to $153,458 from $137,934, indicating a worsening equity position.

Key Financial Figures

• $0.001 — nge on which registered Common stock, $0.001 par value GFMH OTCBB There were 1

Filing Documents

• form10-q.htm (10-Q) — 462KB
• ex31-1.htm (EX-31.1) — 12KB
• ex32-1.htm (EX-32.1) — 7KB
• 0001493152-25-027710.txt ( ) — 2154KB
• gfmh-20251031.xsd (EX-101.SCH) — 15KB
• gfmh-20251031_cal.xml (EX-101.CAL) — 21KB
• gfmh-20251031_def.xml (EX-101.DEF) — 50KB
• gfmh-20251031_lab.xml (EX-101.LAB) — 139KB
• gfmh-20251031_pre.xml (EX-101.PRE) — 104KB
• form10-q_htm.xml (XML) — 249KB

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements 3 Condensed Consolidated Balance Sheets as of October 31, 2025 (unaudited) and April 30, 2025 4 Condensed Consolidated Statements of Operations for the six and three months ended October 31, 2025 and 2024 (unaudited) 5 Condensed Consolidated Statements of Stockholders' Deficit for the three and six months ended October 31, 2025 and 2024 (unaudited) 6 Condensed Consolidated Statements of Cash Flows for the six months ended October 31, 2025 and 2024 (unaudited) 7 Notes to the Condensed Consolidated Financial Statements (unaudited) 8

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

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 14

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 21

Controls and Procedures

Item 4. Controls and Procedures 21

– OTHER INFORMATION

PART II – OTHER INFORMATION

Legal Proceedings

Item 1. Legal Proceedings 22

Risk Factors

Item 1A. Risk Factors 22

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 22

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 22

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 22

Other Information

Item 5. Other Information 22

Exhibits

Item 6. Exhibits 22

Signatures

Signatures 23 2 PART I – FINANCIAL INFORMATION Item 1. Financial Statements. The accompanying unaudited financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and in accordance with the instructions for Form 10-Q. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, the financial statements contain all material adjustments, consisting only of normal recurring adjustments necessary to present fairly the financial condition, results of operations, and cash flows of the Company for the interim periods presented. The results for the periods ended October 31, 2025 are not necessarily indicative of the results of operations for the full year. 3 GOLIATH FILM AND MEDIA HOLDINGS CONDENSED CONSOLIDATED BALANCE SHEETS October 31, April 30, 2025 2025 (unaudited) ASSETS Current assets Cash $ 1,477 $ 1,301 Total current assets 1,477 1,301 Total assets $ 1,477 $ 1,301 LIABILITIES AND STOCKHOLDERS' DEFICIT Current liabilities Accounts payable and accrued expenses $ 26,622 $ 25,911 Accounts payable – related party 128,313 113,324 Total current liabilities 154,935 139,235 Total liabilities 154,935 139,235 Commitments and contingencies — — Stockholders' deficit — Preferred stock, $ 0.001 par value, 1,000,000 shares authorized; no shares issued and outstanding at October 31, 2025 and April 30, 2025, respectively — — Common stock, $ 0.001 par value, 199,000,000 shares authorized; 138,964,917 shares issued and outstanding, at October 31, 2025 and April 30, 2025, respectively 138,966 138,966 Additional paid in capital 451,500 451,500 Common stock to be issued 381,532 381,532 Accumulated deficit ( 1,125,456 ) ( 1,109,932 ) Total stockholders' deficit ( 153,458 ) ( 137,934 ) Total liab

View Full Filing

View this 10-Q filing on SEC EDGAR