Natics Posts First Revenue, Narrows Loss Amid Going Concern Doubt

TL;DR

**Natics finally booked some revenue, but with a tiny cash pile and a mountain of debt, this micro-cap is still a speculative bet on future funding, not current operations.**

AI Summary

Natics Corp. (NTCS) reported a net loss of $4,024 for the three months ended July 31, 2025, a significant improvement from the $15,871 net loss in the same period of 2024. This improvement is primarily due to the company generating its first revenue of $13,200 during the current quarter, compared to zero revenue in the prior year. Operating expenses decreased slightly to $17,224 from $15,871 year-over-year. The company's total assets stood at $20,874 as of July 31, 2025, down from $23,823 on April 30, 2025. Current liabilities, mainly interest payable, increased to $13,975 from $12,900, while long-term liabilities remained stable at $68,406, comprising a $25,406 director loan and a $43,000 promissory note. The accumulated deficit grew to $86,760, and the company continues to operate with a going concern doubt, relying on future capital raises to fund operations and generate sufficient revenue.

Why It Matters

Natics Corp.'s first-ever revenue of $13,200 is a critical milestone, indicating the 'Sport Natics' mobile application is beginning to monetize. However, the persistent going concern doubt, highlighted by an accumulated deficit of $86,760 and reliance on future capital raises, signals high risk for investors. Employees face uncertainty regarding long-term stability, while customers of the online workout service might question the company's longevity. In a competitive fitness tech market, Natics' minimal cash position and significant liabilities could hinder its ability to scale and compete with established players, making sustained growth challenging without substantial external funding.

Risk Assessment

Risk Level: high — Natics Corp. has an accumulated deficit of $86,760 as of July 31, 2025, and a net loss of $4,024 for the quarter, indicating it's not yet profitable. The company explicitly states 'substantial doubt about the Company's ability to continue as a going concern' and relies on raising additional funds through private or public offerings, which are not assured.

Analyst Insight

Investors should exercise extreme caution and consider this a highly speculative investment. Monitor closely for successful capital raises and a significant increase in revenue generation, as the current financial state suggests a high risk of failure without substantial external funding.

Financial Highlights

debt To Equity

N/A

revenue

$13,200

operating Margin

N/A

total Assets

$20,874

total Debt

$82,381

net Income

$(4,024)

eps

$(0.00)

gross Margin

N/A

cash Position

$5,837

revenue Growth

N/A

Revenue Breakdown

Key Numbers

• $13,200 — Revenue (First-ever revenue generated for the three months ended July 31, 2025, up from $0 in the prior year.)
• $(4,024) — Net Loss (Reduced net loss for the three months ended July 31, 2025, compared to $(15,871) in the same period of 2024.)
• $86,760 — Accumulated Deficit (Total accumulated deficit from inception to July 31, 2025, indicating ongoing losses.)
• $5,837 — Cash on Hand (Low cash balance as of July 31, 2025, down from $6,635 on April 30, 2025.)
• $82,381 — Total Liabilities (Significant liabilities as of July 31, 2025, including a $43,000 promissory note and a $25,406 director loan.)
• 5,495,300 — Common Shares Outstanding (Consistent number of shares outstanding as of July 31, 2025.)
• 10% — Annual Interest Rate (Interest rate on the $43,000 promissory note.)
• $13,975 — Interest Payable (Current interest payable as of July 31, 2025, up from $12,900 on April 30, 2025.)

Key Players & Entities

• Natics Corp. (company) — registrant
• Guy Pirotsky (person) — sole officer and director, lender to the company
• U.S. Securities and Exchange Commission (regulator) — filing oversight
• $13,200 (dollar_amount) — revenue for three months ended July 31, 2025
• $4,024 (dollar_amount) — net loss for three months ended July 31, 2025
• $15,871 (dollar_amount) — net loss for three months ended July 31, 2024
• $86,760 (dollar_amount) — accumulated deficit as of July 31, 2025
• $43,000 (dollar_amount) — promissory note liability
• $25,406 (dollar_amount) — director loan liability
• $5,837 (dollar_amount) — cash on hand as of July 31, 2025

FAQ

Risk Factors

• Going Concern Doubt [high — financial]: The company continues to operate with a going concern doubt, relying on future capital raises to fund operations and generate sufficient revenue. The accumulated deficit has grown to $86,760 as of July 31, 2025.
• Negative Working Capital [medium — financial]: As of July 31, 2025, current liabilities ($13,975) exceed current assets ($5,837), indicating a negative working capital position. This requires careful management of short-term obligations.
• High Debt Levels [high — financial]: Total liabilities stand at $82,381 as of July 31, 2025, significantly exceeding total assets of $20,874. This includes a substantial $43,000 promissory note and a $25,406 director loan.
• Dependence on Intangible Assets [medium — operational]: The company's non-current assets are primarily intangible, consisting of $15,037 in Mobile Application and Website Development as of July 31, 2025. The value and future revenue generation from these assets are critical.
• Declining Cash Position [medium — financial]: Cash on hand decreased from $6,635 on April 30, 2025, to $5,837 on July 31, 2025. This trend, coupled with operating losses, highlights the need for immediate funding.

Industry Context

Natics Corp. operates in a competitive landscape where digital product development and market penetration are key. The company's focus on mobile applications and website development suggests it is targeting the technology or digital services sector. Success in this industry often hinges on innovation, user acquisition, and effective monetization strategies.

Regulatory Implications

As a publicly reporting company, Natics Corp. must adhere to SEC regulations and accounting standards (GAAP). The 'going concern' disclosure is a critical regulatory requirement that signals financial instability to investors and auditors. Failure to address these issues could lead to delisting or further scrutiny.

What Investors Should Do

1. Monitor future capital raises closely to assess the company's ability to secure necessary funding.
2. Evaluate the revenue growth trajectory and operational efficiency improvements in subsequent filings.
3. Assess the terms and repayment plan for the significant director loan and promissory note.
4. Analyze the development and market adoption of the company's mobile application and website.

Key Dates

• 2025-07-31: End of Q2 2025 reporting period — Company reported first-ever revenue of $13,200 and a reduced net loss of $4,024.
• 2025-04-30: End of Q1 2025 reporting period — Company had $0 revenue and a net loss of $15,871 in the prior year's comparable period. Cash on hand was $6,635.
• 2025-07-31: Balance Sheet Date — Total assets were $20,874, total liabilities were $82,381, and accumulated deficit was $86,760.
• 2022-02-21: Company Inception — Marks the beginning of the company's operational and financial history.

Glossary

Accumulated deficit

The total net losses of a company since its inception, representing the cumulative negative earnings. (Indicates the company has historically incurred more expenses than revenues, reaching $86,760 as of July 31, 2025.)

Going concern doubt

A statement indicating substantial uncertainty about a company's ability to continue operating for the next year. (Natics Corp. explicitly states this doubt, highlighting its reliance on future financing and revenue generation.)

Promissory note

A written promise to pay a specific amount of money to a specific person or entity on demand or at a specified future date. (Natics Corp. has a significant $43,000 promissory note outstanding, contributing to its total liabilities.)

Director Loan

A loan provided by a director of the company to the company. (A $25,406 director loan is part of Natics Corp.'s long-term liabilities.)

Intangible Assets

Non-physical assets that have value, such as patents, copyrights, and software development. (Natics Corp.'s non-current assets are primarily intangible, with $15,037 in Mobile Application and Website Development.)

Year-Over-Year Comparison

Compared to the prior year's period (ended July 31, 2024), Natics Corp. has shown significant improvement by generating its first revenue of $13,200 and reducing its net loss from $15,871 to $4,024. However, total assets have decreased from $23,823 to $20,874, and current liabilities have increased, widening the negative working capital gap. The accumulated deficit continues to grow, underscoring ongoing financial challenges despite the positive revenue development.

Key Financial Figures

• $0.0001 — – $ – $ – Shares issued for cash at $0.0001 per share on February 21, 2022 3,000,0
• $0.01 — 200 ) $ 100 Sale of common stock at $0.01 per share as of January 31, 2023 1,840
• $13,200 — ended July 31, 2025, we have generated $13,200 revenue. Our net loss for the three mo
• $4,024 — he three months ended July 31, 2025 was $4,024. Operating expenses consist of mainly p
• $15,871 — he three months ended July 31, 2024 was $15,871. Operating expenses consist of mainly p
• $20,874 — of July 31, 2025, our total assets were $20,874 consisting of escrow account and Mobile
• $2,949 — flows used in operating activities was $2,949 consisting of: CASH FLOWS FROM OPERATI
• $2,151 — flows used in investing activities was $2,151 for both periods. Cash Flows from Fina

Filing Documents

• natics_i10q-073125.htm (10-Q) — 272KB
• natics_ex3101.htm (EX-31.1) — 11KB
• natics_ex3201.htm (EX-32.1) — 5KB
• 0001683168-25-006357.txt ( ) — 1892KB
• none-20250731.xsd (EX-101.SCH) — 14KB
• none-20250731_cal.xml (EX-101.CAL) — 21KB
• none-20250731_def.xml (EX-101.DEF) — 38KB
• none-20250731_lab.xml (EX-101.LAB) — 168KB
• none-20250731_pre.xml (EX-101.PRE) — 136KB
• natics_i10q-073125_htm.xml (XML) — 129KB

Financial Statements (Unaudited)

Financial Statements (Unaudited) 3 Balance Sheets 4 5 6 7 Notes to the Financial Statements 8 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 13 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 15 Item 4.

Controls and Procedures

Controls and Procedures 15 PART II. OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 16 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 16 Item 3. Defaults Upon Senior Securities 16 Item 4. Mine Safety Disclosures 16 Item 5. Other Information 16 Item 6. Exhibits 16

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Financial

Item 1. Financial NATICS CORP.

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS July 31, 2025 (Unaudited) TABLE OF CONTENTS Balance sheets as of July 31, 2025 (Unaudited) and April 30, 2025 (Audited) 4 5 6 7 Notes to the Financial Statements 8 3 NATICS CORP. BALANCE SHEETS As of July 31, 2025 (Unaudited) April 30, 2025 (Audited) ASSETS Current Assets Cash on hand $ 5,837 $ 6,635 Total Current Assets 5,837 6,635 Non- Current Intangible Assets Mobile Application and Website Development 15,037 17,188 Total Non-Current Intangible Assets 15,037 17,188 Total Assets $ 20,874 $ 23,823 LIABILITIES Current Liabilities Interest Payable $ 13,975 $ 12,900 Total Current Liabilities 13,975 12,900 Long term Liabilities Director Loan 25,406 25,406 Promissory Note 43,000 43,000 Total Long term Liabilities 68,406 68,406 Total Liabilities 82,381 81,306 STOCKHOLDERS' EQUITY Common stock, $ 0.0001 par value, 75,000,000 shares authorized; 5,495,300 shares issued and outstanding respectively 550 550 Additional paid-in-capital 24,704 24,704 Accumulated deficit ( 86,760 ) ( 82,736 ) Total Stockholders' Equity ( 61,507 ) ( 57,483 ) Total Liabilities and Stockholders' Equity $ 20,874 $ 23,823 The accompanying notes are an integral part of these financial statements. 4 NATICS CORP. Three months ended July 31, 2025 Three months ended July 31, 2024 REVENUES $ 13,200 $ – OPERATING EXPENSES General and Administrative Expenses 17,224 15,871 TOTAL OPERATING EXPENSES 17,224 15,871 NET INCOME (LOSS) FROM OPERATIONS ( 4,024 ) ( 15,871 ) PROVISION FOR INCOME TAXES – – NET INCOME (LOSS) $ ( 4,024 ) $ ( 15,871 ) NET LOSS

Management's

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

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 "August," "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 April occurs 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. 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 August 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 operati

Quantitative

Item 3. Quantitative and Qualitative Disclosures About Market Risk No report required. 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 since Inception on February 21, 2022 ended July 31, 2025 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting. 15

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 affilia

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