Yale Transaction Finders Narrows Loss, Still a Shell Company

TL;DR

**YTFD is a cash-strapped shell company with no operations, relying on related-party loans, making it a pure speculative bet on an unknown future merger.**

AI Summary

Yale Transaction Finders, Inc. (YTFD) reported a net loss of $15,896 for the six months ended June 30, 2025, a 30.4% improvement from the $22,825 net loss in the same period of 2024. The company generated no revenue in either period. Operating expenses decreased by 38.2% to $12,813 for the six months ended June 30, 2025, down from $20,721 in 2024. As of June 30, 2025, YTFD had only $8,781 in cash, a negative working capital of $142,852, and an accumulated deficit of $1,373,115. The company's business plan remains focused on exploring potential targets for a business combination, as it currently operates as a shell company. Related party notes payable increased to $136,000 at June 30, 2025, from $118,500 at December 31, 2024, indicating continued reliance on shareholder loans for operations. The company explicitly states it has no commitment for capital expenditures and anticipates no operations until a business combination is completed.

Why It Matters

For investors, YTFD's continued status as a shell company with no revenue and a significant accumulated deficit means it's a highly speculative investment, dependent entirely on a future, undefined business combination. The reliance on related party loans for survival, totaling $136,000, highlights severe liquidity issues and a lack of independent financial viability, making it a risky proposition compared to established competitors. Employees and customers are not directly impacted as the company has no operations or full-time staff. The broader market impact is negligible due to its small size and lack of operational activity, but it serves as a cautionary tale for micro-cap shell companies.

Risk Assessment

Risk Level: high — The company explicitly states it has a net loss of $15,896, negative working capital of $142,852, and an accumulated deficit of $1,373,115 as of June 30, 2025, raising "substantial doubt about the Company's ability to continue as a going concern." Furthermore, it has only $8,781 in cash and relies on non-obligatory loans from its majority shareholder, with no assurance these advances will continue.

Analyst Insight

Investors should avoid YTFD unless they have a very high-risk tolerance and are speculating purely on a future, currently undefined, business combination. Given the severe going concern risk and lack of operational assets, this stock is not suitable for most portfolios.

Financial Highlights

debt To Equity

N/A

revenue

$0

operating Margin

N/A

total Assets

$19,793

total Debt

$136,000

net Income

-$15,896

eps

N/A

gross Margin

N/A

cash Position

$8,781

revenue Growth

N/A

Revenue Breakdown

Key Numbers

• $15,896 — Net Loss (for the six months ended June 30, 2025, a 30.4% improvement from 2024)
• $0 — Revenue (for the six months ended June 30, 2025 and 2024, indicating no operations)
• $8,781 — Cash on Hand (as of June 30, 2025, a decrease from $11,167 at December 31, 2024)
• $142,852 — Negative Working Capital (as of June 30, 2025, worsening from $126,957 at December 31, 2024)
• $1,373,115 — Accumulated Deficit (as of June 30, 2025, indicating significant historical losses)
• $136,000 — Notes Payable - Related Party (as of June 30, 2025, an increase from $118,500 at December 31, 2024)
• 5,199,000 — Common Shares Outstanding (as of August 13, 2025, unchanged from prior periods)
• $12,813 — Operating Expenses (for the six months ended June 30, 2025, a 38.2% decrease from $20,721 in 2024)

Key Players & Entities

• Yale Transaction Finders, Inc. (company) — registrant
• Sneeoosh Corporation (company) — former name of registrant
• Snohomish Corporation (company) — former name of registrant
• Yacht Finders, Inc. (company) — former name of registrant
• Ironbound Partners Fund, LLC (company) — related party lender
• Moyo Partners LLC (company) — related party lender
• Dakota Group LLC (company) — related party lender
• Securities and Exchange Commission (regulator) — filing oversight
• Graubard Miller (company) — registrant's address

FAQ

Risk Factors

• Inability to Secure Funding [high — financial]: YTFD has a cash balance of $8,781 as of June 30, 2025, and a negative working capital of $142,852. The company relies on related party notes payable, which increased to $136,000. Without additional funding, the company may be unable to continue operations.
• Lack of Operating Business [high — operational]: YTFD currently operates as a shell company with no revenue-generating activities. Its business plan is solely focused on exploring potential targets for a business combination. There is no assurance that a business combination will be identified or successfully completed.
• Substantial Accumulated Deficit [medium — financial]: The company has an accumulated deficit of $1,373,115 as of June 30, 2025. This indicates a history of significant losses and raises concerns about the company's long-term viability without a successful business combination.
• Dependence on Related Party Financing [medium — financial]: Related party notes payable increased to $136,000 as of June 30, 2025. This reliance on financing from related parties could create conflicts of interest and may not be sustainable.

Industry Context

YTFD operates in the SPAC (Special Purpose Acquisition Company) or shell company sector, which is characterized by companies formed to acquire or merge with existing businesses. This sector is highly dependent on market conditions, investor sentiment, and the ability of management to identify and execute suitable business combinations.

Regulatory Implications

As a shell company with no operations, YTFD is subject to SEC regulations regarding disclosures and reporting. Any future business combination would trigger significant regulatory scrutiny related to the transaction itself and the ongoing operations of the combined entity.

What Investors Should Do

1. Monitor progress on identifying a business combination target: The company's sole path to viability is a successful merger. Any updates on potential targets or negotiations are critical.
2. Assess future funding needs and sources: Given the low cash balance and negative working capital, understanding how the company will fund operations and potential transaction costs is paramount.
3. Evaluate management's ability to execute a business combination: The success of YTFD hinges entirely on the management team's ability to find and close a suitable deal.

Key Dates

• 2025-06-30: End of Second Quarter 2025 — Reported a net loss of $15,896 on no revenue, with cash of $8,781 and negative working capital of $142,852.
• 2024-06-30: End of Second Quarter 2024 — Reported a net loss of $22,825 on no revenue, with operating expenses of $20,721.

Glossary

Shell Company

A company that is formed and maintained for the purpose of holding assets, liabilities, and equity, but has no significant operations or business activities. (YTFD currently operates as a shell company, with its primary objective being to find a target for a business combination.)

Accumulated Deficit

The total cumulative net losses of a company since its inception, less any cumulative net income. (YTFD's substantial accumulated deficit of $1,373,115 highlights its history of unprofitability.)

Working Capital

The difference between a company's current assets and its current liabilities. Positive working capital indicates a company can meet its short-term obligations. (YTFD has a negative working capital of $142,852, indicating potential short-term liquidity issues.)

Related Party

A person or entity that has the ability to control or significantly influence the operating decisions of another entity. (YTFD's operations are financed through notes payable to related parties, indicating a reliance on individuals or entities closely connected to the company.)

Year-Over-Year Comparison

For the six months ended June 30, 2025, YTFD reported a net loss of $15,896, an improvement from the $22,825 net loss in the same period of 2024. Operating expenses decreased by 38.2% to $12,813. However, cash on hand decreased to $8,781, and negative working capital worsened to $142,852. Related party notes payable increased, indicating continued reliance on this financing.

Key Financial Figures

• $15,896 — ) (0.00 ) We recorded a net loss of $15,896 for the six months ended June 30, 2025
• $22,825 — 30, 2025 as compared with a net loss of $22,825 for the six months ended June 30, 2024.
• $8,781 — iquidity and Capital Resources We had $8,781 cash on hand at June 30, 2025 and had n
• $1,373,115 — ption, we have accumulated a deficit of $1,373,115. As of June 30, 2025, we had $151,633 i
• $151,633 — $1,373,115. As of June 30, 2025, we had $151,633 in liabilities and a negative working c
• $142,852 — ities and a negative working capital of $142,852. We have no commitment for any capita
• $50,000 — ge Act of 1934, which should not exceed $50,000 in the fiscal year ending December 31,
• $107,430 — $22,825, a negative working capital of $107,430 and an accumulated deficit of $1,337,69
• $1,337,693 — $107,430 and an accumulated deficit of $1,337,693. These factors, among others, raise sub

Filing Documents

• form10-q.htm (10-Q) — 239KB
• ex31-1.htm (EX-31.1) — 19KB
• ex31-2.htm (EX-31.2) — 19KB
• ex32-1.htm (EX-32.1) — 9KB
• 0001641172-25-023524.txt ( ) — 1277KB
• ytfd-20250630.xsd (EX-101.SCH) — 10KB
• ytfd-20250630_cal.xml (EX-101.CAL) — 16KB
• ytfd-20250630_def.xml (EX-101.DEF) — 23KB
• ytfd-20250630_lab.xml (EX-101.LAB) — 93KB
• ytfd-20250630_pre.xml (EX-101.PRE) — 67KB
• form10-q_htm.xml (XML) — 94KB

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION ITEM 1. INTERIM FINANCIAL STATEMENTS 3 ITEM 2. MANAGEMENT'S DISCUSSION OF OPERATIONS AND FINANCIAL CONDITION 9 ITEM 4.

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES 11

- OTHER INFORMATION

PART II - OTHER INFORMATION ITEM 1.

LEGAL PROCEEDINGS

LEGAL PROCEEDINGS 12 ITEM 6. EXHIBITS 12

SIGNATURES

SIGNATURES 13 2 PART I – FINANCIAL INFORMATION ITEM 1. INTERIM FINANCIAL STATEMENTS YALE TRANSACTION FINDERS, INC. (formerly Yacht Finders, Inc.) Condensed Balance Sheets (Unaudited) June 30, 2025 December 31, 2024 ASSETS Cash $ 8,781 11,167 TOTAL ASSETS $ 8,781 $ 11,167 LIABILITIES & STOCKHOLDERS' DEFICIT Current liabilities Accrued liabilities $ 2,650 $ 9,723 Note payable – related party 136,000 118,500 Accrued interest– related party 12,983 9,901 Total current liabilities and total liabilities 151,633 138,124 Stockholders' deficit Preferred stock, par value $ 0.0001 , 20,000,000 shares authorized, no shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively — — Common stock, par value $ 0.0001 , 80,000,000 shares authorized, 5,199,000 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 520 520 Additional paid-in capital 1,229,743 1,229,743 Accumulated deficit ( 1,373,115 ) ( 1,357,220 ) Total stockholders' deficit ( 142,852 ) ( 126,957 ) TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 8,781 $ 11,167 See accompanying notes to condensed financial statements 3 YALE TRANSACTION FINDERS, INC. (Formerly Yacht Finders, Inc.) Condensed 2025 2024 2025 2024 Three Months ended Six Months ended June 30 June 30 2025 2024 2025 2024 Revenues $ - $ - $ - $ - Operating Expenses General and administrative 5,073 12,866 12,813 20,721 Loss from operations ( 5,073 ) ( 12,866 ) ( 12,813 ) ( 20,721 ) Other expenses Interest expense-related party 1,622 1,197 3,083 2,104 Net loss before income taxes ( 6,695 ) ( 14,063 ) ( 15,896 ) ( 22,825 ) Provision for income taxes Net Loss $ ( 6,695 ) $ ( 14,063 ) $ ( 15,896 ) $ ( 22,825 ) Basic loss per share $ ( 0.00 ) $ ( 0.00 ) $ ( 0.00 ) $ ( 0.00 ) Weighted average number of common shares outstanding – basic 5,

View Full Filing

View this 10-Q filing on SEC EDGAR