Starguide's Revenue Vanishes, Going Concern Doubts Intensify

TL;DR

**STRG is a zombie company with no revenue and a massive deficit; avoid at all costs.**

AI Summary

Starguide Group, Inc. (STRG) reported a significant decline in revenue and continued substantial net losses for the nine months ended October 31, 2025. Revenue plummeted to $0 from $2,111 in the prior year period, indicating a complete cessation of sales activities. The net loss attributable to Starguide Group, Inc. was $(46,176), a 12.27% improvement from the $(52,637) loss in the same period of 2024, primarily due to reduced general and administrative expenses. The company's financial position remains precarious with current liabilities exceeding current assets by $396,973, an accumulated deficit of $(390,746), and a total stockholders' deficit of $(395,864) as of October 31, 2025. Cash on hand was critically low at $9. Strategic outlook involves incubating Software as a Service (SaaS) startups, with active discussions underway, and the company relies heavily on financial support from its major shareholder and future capital raises to continue as a going concern. Convertible notes increased to $138,137 from $103,787, representing 1,381,368 potential shares at a $0.10 conversion rate.

Why It Matters

Starguide Group's complete lack of revenue in the latest nine-month period, coupled with a deepening accumulated deficit, signals severe operational distress for investors. The company's reliance on a major shareholder and future capital raises for survival makes it a highly speculative investment, with significant risk of value erosion. For employees and customers of its subsidiary Live Lead Tech Ltd., the going concern uncertainty could lead to job insecurity or service disruptions. In the competitive SaaS incubator market, Starguide's inability to generate revenue or secure substantial funding puts it at a severe disadvantage, making it difficult to attract promising startups or compete with better-capitalized rivals.

Risk Assessment

Risk Level: high — The company explicitly states "substantial doubt about our ability to continue as a going concern" due to current liabilities exceeding current assets by $396,973, an accumulated deficit of $390,746, and a net loss of $49,753 for the nine months ended October 31, 2025. Cash on hand is a mere $9, providing virtually no liquidity.

Analyst Insight

Investors should immediately divest any holdings in Starguide Group, Inc. (STRG) given the explicit going concern warning, zero revenue, and minimal cash reserves. This company presents an extremely high risk of total capital loss.

Financial Highlights

debt To Equity

N/A

revenue

$0

operating Margin

N/A

total Assets

$1,118

total Debt

$396,982

net Income

$(46,176)

eps

N/A

gross Margin

N/A

cash Position

$9

revenue Growth

-100.0%

Revenue Breakdown

Key Numbers

• $0 — Revenue (for the nine months ended October 31, 2025, down from $2,111 in 2024)
• $(46,176) — Net Loss attributable to Starguide Group, Inc. (for the nine months ended October 31, 2025, an improvement from $(52,637) in 2024)
• $9 — Cash and cash equivalents (as of October 31, 2025, critically low)
• $396,973 — Current liabilities exceeding current assets (as of October 31, 2025, indicating severe liquidity issues)
• $(390,746) — Accumulated deficit (as of October 31, 2025, reflecting significant historical losses)
• $138,137 — Convertible notes (as of October 31, 2025, up from $103,787 in January 2025)
• 1,381,368 — Potential shares from convertible notes (at a conversion rate of $0.10 per share)
• $(33,783) — Net cash used in operating activities (for the nine months ended October 31, 2025)
• 2,868,000 — Common shares outstanding (as of December 2, 2025)
• $18,000 — Management salaries - related party (for the nine months ended October 31, 2025 and 2024)

Key Players & Entities

• STARGUIDE GROUP, INC. (company) — registrant
• Live Investments Holdings (company) — 80% owned subsidiary
• Live Lead Tech Ltd (company) — 100% owned by Live Investments Holdings
• U.S. SECURITIES AND EXCHANGE COMMISSION (regulator) — filing recipient
• Nevada (location) — state of incorporation
• London (location) — location of subsidiaries
• ASC 850 (standard) — Related Party Disclosures
• ASC 820 (standard) — Fair Value Measurements and Disclosures
• ASC 606 (standard) — Revenue Recognition
• ASC 360 (standard) — Property, Plant and Equipment

FAQ

Risk Factors

• Severe Liquidity Constraints [high — financial]: As of October 31, 2025, current liabilities of $396,982 exceed current assets by $396,973. The company has only $9 in cash, indicating an immediate inability to meet short-term obligations without external financing.
• Going Concern Uncertainty [high — financial]: The company's accumulated deficit of $(390,746) and total stockholders' deficit of $(395,864) as of October 31, 2025, highlight significant historical losses. Continued operations are heavily dependent on financial support from its major shareholder and future capital raises.
• Increasing Convertible Debt [medium — financial]: Convertible notes have increased to $138,137 as of October 31, 2025, from $103,787 as of January 31, 2025. This represents a potential dilution of 1,381,368 shares at a $0.10 conversion rate, adding to future financial obligations.
• Cessation of Sales Activities [high — operational]: Revenue for the nine months ended October 31, 2025, is reported as $0, down from $2,111 in the prior year. This indicates a complete halt in the company's core sales operations, raising questions about its business model and future revenue generation.
• Negative Operating Cash Flow [high — financial]: The company used $(33,783) in net cash for operating activities during the nine months ended October 31, 2025. This negative cash flow, coupled with minimal cash on hand, exacerbates liquidity concerns.
• Related Party Liabilities [medium — financial]: Due to related parties stands at $230,957 as of October 31, 2025, an increase from $204,469 as of January 31, 2025. This significant balance suggests reliance on related parties for funding, which could pose risks if these arrangements change.

Industry Context

Starguide Group, Inc. appears to be pivoting towards incubating Software as a Service (SaaS) startups. The SaaS market is highly competitive, characterized by rapid innovation, customer acquisition costs, and the need for recurring revenue models. Companies in this space often require significant upfront investment and face challenges in achieving profitability amidst intense competition.

Regulatory Implications

As a publicly traded entity, Starguide Group, Inc. is subject to SEC regulations and reporting requirements. The company's precarious financial state and reliance on external funding could attract scrutiny regarding its disclosures and ability to meet ongoing compliance obligations.

What Investors Should Do

1. Monitor future capital raises closely: The company's survival hinges on its ability to secure additional funding. Investors should assess the terms and likelihood of these raises.
2. Evaluate the viability of the SaaS incubation strategy: Given the zero revenue, the success of the new strategy is paramount. Investors should seek concrete progress and a clear path to revenue generation.
3. Understand the terms of convertible notes: The increasing balance and conversion rate of $0.10 per share could lead to significant dilution for existing shareholders.
4. Assess related party transactions: The substantial 'Due to related parties' balance warrants scrutiny regarding the nature and terms of these obligations.

Key Dates

• 2025-10-31: Nine months ended October 31, 2025 — Reported $0 revenue and a net loss of $(46,176), with current liabilities significantly exceeding current assets and critically low cash reserves of $9.
• 2025-01-31: As of January 31, 2025 — Convertible notes stood at $103,787, and cash was $4.
• 2024-10-31: Nine months ended October 31, 2024 — Reported $2,111 in revenue and a net loss of $(52,637).

Glossary

Accumulated deficit

The total net losses of a company over its lifetime that have not been offset by net income. (Indicates significant historical unprofitability for Starguide Group, Inc., standing at $(390,746) as of October 31, 2025.)

Convertible notes

Debt instruments that can be converted into a predetermined amount of the issuer's equity at certain times. (Starguide Group, Inc. has $138,137 in convertible notes, representing potential future dilution of common stock.)

Stockholders' Deficit

The negative equity of a company, occurring when liabilities exceed assets. (Starguide Group, Inc. has a total stockholders' deficit of $(395,864) as of October 31, 2025, signifying that its liabilities outweigh its assets.)

Going concern

An assumption that a company will continue to operate for the foreseeable future. (Starguide Group, Inc. relies heavily on external funding to continue as a going concern, indicating substantial doubt about its ability to sustain operations.)

Related parties

Entities or individuals that have the ability to control or significantly influence the financial or operating decisions of another entity. (The company has significant 'Due to related parties' liabilities ($230,957), indicating financial dependence on these parties.)

Year-Over-Year Comparison

For the nine months ended October 31, 2025, Starguide Group, Inc. has seen a dramatic decline in revenue, dropping to $0 from $2,111 in the comparable period of 2024, indicating a complete cessation of sales. While the net loss attributable to the company improved by 12.27% to $(46,176) from $(52,637), this is primarily due to reduced operating expenses, not revenue growth. The company's financial position has worsened, with cash falling to $9 from $4 and current liabilities significantly outpacing current assets, while convertible notes have increased.

Filing Documents

• star_10q.htm (10-Q) — 669KB
• star_ex311.htm (EX-31.1) — 12KB
• star_ex321.htm (EX-32.1) — 3KB
• 0001640334-25-002296.txt ( ) — 2870KB
• star-20251031.xsd (EX-101.SCH) — 24KB
• star-20251031_lab.xml (EX-101.LAB) — 159KB
• star-20251031_cal.xml (EX-101.CAL) — 33KB
• star-20251031_pre.xml (EX-101.PRE) — 130KB
• star-20251031_def.xml (EX-101.DEF) — 57KB
• star_10q_htm.xml (XML) — 396KB

Financial Statements (Unaudited)

Financial Statements (Unaudited) 3 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 14 ITEM 3

Quantitative And Qualitative Disclosures About Market Risk

Quantitative And Qualitative Disclosures About Market Risk 17 ITEM 4

Controls And Procedures

Controls And Procedures 17 PART II OTHER INFORMATION ITEM 1

Legal Proceedings

Legal Proceedings 19 ITEM 2 Unregistered Sales Of Equity Securities And Use Of Proceeds 19 ITEM 3 Defaults Upon Senior Securities 19 ITEM 4 Mine Safety Disclosures 19 ITEM 5 Other Information 19 ITEM 6 Exhibits 20

Signatures

Signatures 21 2 Table of Contents

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements STARGUIDE GROUP, INC. CONDENSED CONSOLIDATED BALANCE SHEETS AS OF OCTOBER 31, 2025 AND JANUARY 31, 2025 (Unaudited) October 31, January 31, 2025 2025 Assets Current assets: Cash $ 9 $ 4 Total current assets 9 4 Plant and equipment, net 1,109 1,473 Total Assets $ 1,118 $ 1,477 Liabilities and Stockholders' Equity Current liabilities: Accounts payable and accrued liabilities $ 13,999 $ 23,250 Accrued interest 13,889 7,120 Due to related parties 230,957 204,469 Convertible notes 138,137 103,787 Total Liabilities 396,982 338,626 Stockholders' Deficit: Common stock, $ 0.001 par value, 75,000,000 shares authorized; 2,868,000 shares issued and outstanding 2,868 2,868 Additional paid-in capital 35,839 35,839 Accumulated deficit ( 390,746 ) ( 344,570 ) Accumulated other comprehensive income (loss) ( 6,498 ) 672 Total deficit attributed to Starguide Group, Inc. ( 358,537 ) ( 305,191 ) Deficit attributed to non-controlling interest ( 37,327 ) ( 31,958 ) Total Stockholders' Deficit ( 395,864 ) ( 337,149 ) Total Liabilities and Stockholders' Deficit $ 1,118 $ 1,477 The accompanying notes are an integral part of these condensed consolidated financial statements. 3 Table of Contents STARGUIDE GROUP, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS FOR THE THREE MONTHS AND NINE MONTHS ENDED OCTOBER 31, 2025 AND 2024 (Unaudited) Three Months Ended Nine Months Ended October 31, October 31, 2025 2024 2025 2024 Revenue $ - $ 1,961 $ - $ 2,111 Cost of Sales - 1,861 - 1,904 Gross Profit - 100 - 207 Operating expenses General and administrative expenses 9,769 9,374 27,208 35,366 Management salaries - related party 6,000 6,000 18,000 18,000 Total operating expenses 15,769 15,374 45,208 53,366 Loss from operations ( 15,769 ) ( 15,274 ) ( 45,208 ) ( 53,159 ) Other income (expense) Other income 5

View Full Filing

View this 10-Q filing on SEC EDGAR