Yale Transaction Finders Narrows Loss, Still a Shell Company

TL;DR

**YTFD is a cash-strapped shell company with no operations, betting everything on a merger to avoid collapse; it's a pure speculative gamble.**

AI Summary

Yale Transaction Finders, Inc. (YTFD) reported no revenue for the nine months ended September 30, 2025, consistent with the prior year. The company's net loss decreased by 20.1% to $22,747 for the nine months ended September 30, 2025, compared to a net loss of $28,481 in the same period of 2024. Operating expenses also decreased by 28.4% to $17,950 from $25,076 year-over-year. Despite the reduced loss, YTFD maintains a significant accumulated deficit of $1,379,967 as of September 30, 2025, and negative working capital of $149,704. The company's strategic outlook remains focused on identifying and completing a business combination, as it currently operates as a shell company. Related party notes payable increased to $136,000 from $118,500, with accrued interest rising to $14,697 from $9,901, indicating continued reliance on shareholder financing. The maturity date for certain convertible promissory notes was extended to December 31, 2026, providing some short-term financial flexibility.

Why It Matters

For investors, YTFD's continued status as a shell company with no operations and a significant accumulated deficit means it's a highly speculative play, entirely dependent on a successful business combination. The reliance on related party financing, with notes payable increasing to $136,000, highlights the lack of independent capital. Employees and customers are not directly impacted as the company has no active business. In a competitive market, YTFD's strategy of seeking a merger partner without a defined industry focus makes it a long shot, contrasting sharply with operating companies that generate revenue and profit.

Risk Assessment

Risk Level: high — The company explicitly states a "going concern" doubt, citing a net loss of $22,747, negative working capital of $149,704, and an accumulated deficit of $1,379,967 as of September 30, 2025. Its continuation is dependent on working capital advances from its majority shareholder, which are not assured, and its ability to find a merger partner.

Analyst Insight

Investors should approach YTFD with extreme caution, recognizing it as a highly speculative shell company. Only those with a high-risk tolerance and a belief in the management's ability to secure a transformative business combination should consider this stock, understanding that a total loss of investment is a significant possibility.

Financial Highlights

debt To Equity

N/A

revenue

$0

operating Margin

N/A

total Assets

$153,197

total Debt

$150,697

net Income

-$22,747

eps

N/A

gross Margin

N/A

cash Position

$3,193

revenue Growth

0.0%

Revenue Breakdown

Key Numbers

• $0 — Revenue (No revenue for nine months ended September 30, 2025 or 2024)
• $22,747 — Net Loss (For nine months ended September 30, 2025, a 20.1% decrease from 2024)
• $17,950 — Operating Expenses (For nine months ended September 30, 2025, a 28.4% decrease from 2024)
• $3,193 — Cash on Hand (As of September 30, 2025, down from $11,167 at December 31, 2024)
• $1,379,967 — Accumulated Deficit (As of September 30, 2025, indicating significant historical losses)
• $149,704 — Negative Working Capital (As of September 30, 2025, highlighting liquidity issues)
• $136,000 — Note Payable – Related Party (As of September 30, 2025, an increase from $118,500 at December 31, 2024)
• $14,697 — Accrued Interest – Related Party (As of September 30, 2025, an increase from $9,901 at December 31, 2024)
• 5,199,000 — Common Shares Outstanding (As of November 13, 2025, unchanged)
• December 31, 2026 — Maturity Date Extension (For certain convertible promissory notes, extended from June 30, 2025)

Key Players & Entities

• Yale Transaction Finders, Inc. (company) — 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) — company address
• Chief Executive Officer (person) — Chief Operating Decision Maker
• Delaware (regulator) — state of incorporation

FAQ

Risk Factors

• Lack of Operating Revenue [high — financial]: YTFD has generated no revenue for the nine months ended September 30, 2025, and 2024. This lack of revenue generation indicates the company is not yet operational in a revenue-generating capacity and relies entirely on external financing to cover its expenses.
• Significant Accumulated Deficit [high — financial]: As of September 30, 2025, YTFD has an accumulated deficit of $1,379,967. This substantial deficit reflects historical net losses and highlights the company's long-term unprofitability.
• Negative Working Capital [high — financial]: The company reported negative working capital of $149,704 as of September 30, 2025. This indicates that current liabilities exceed current assets, posing a short-term liquidity risk.
• Reliance on Related Party Financing [medium — financial]: Notes payable to related parties increased to $136,000 as of September 30, 2025, with accrued interest rising to $14,697. This continued reliance on shareholder financing suggests difficulty in securing external funding.
• Shell Company Status [high — operational]: YTFD currently operates as a shell company with its strategic outlook focused on identifying and completing a business combination. This means the company has no substantive operations or assets beyond its cash and liabilities.

Industry Context

As a shell company focused on a business combination, YTFD operates outside of a traditional industry with ongoing revenue streams. Its 'industry' is effectively the special purpose acquisition company (SPAC) or reverse merger landscape, characterized by the search for target companies and the eventual combination. This space is highly dependent on market sentiment and the ability to identify attractive acquisition targets.

Regulatory Implications

As a publicly traded shell company, YTFD is subject to SEC reporting requirements. The primary regulatory risk revolves around compliance with securities laws during its pursuit of a business combination, including disclosures related to potential mergers and the financial health of any target company.

What Investors Should Do

1. Monitor progress on business combination efforts.
2. Assess liquidity and burn rate.
3. Evaluate the terms of related party financing.

Key Dates

• 2025-09-30: Nine Months Ended — Reporting period for the current 10-Q, showing reduced net loss and operating expenses but continued lack of revenue and negative working capital.
• 2024-09-30: Nine Months Ended — Prior year comparison period, showing a higher net loss and operating expenses, but also no revenue.
• 2025-12-31: Maturity Date Extension — Certain convertible promissory notes extended to this date, providing short-term financial flexibility and deferring immediate repayment obligations.

Glossary

Accumulated Deficit

The cumulative net losses of a company that have not been offset by net income or other gains. (Indicates the total historical unprofitability of YTFD, standing at $1,379,967 as of September 30, 2025.)

Working Capital

The difference between a company's current assets and current liabilities. Positive working capital indicates sufficient liquidity. (YTFD has negative working capital of $149,704 as of September 30, 2025, highlighting liquidity concerns.)

Shell Company

A company that has no commercial operations or significant assets, often formed to facilitate a merger, acquisition, or other business combination. (YTFD is currently a shell company, with its primary objective being to find a business combination.)

Convertible Promissory Notes

Debt instruments that can be converted into equity of the issuing company under certain conditions. (YTFD has extended the maturity date of some of these notes to December 31, 2026, impacting its future capital structure and debt obligations.)

Year-Over-Year Comparison

Compared to the prior year's nine-month period, YTFD has successfully reduced its net loss by 20.1% to $22,747 and its operating expenses by 28.4% to $17,950. However, revenue remains at $0 for both periods, and the company continues to grapple with a significant accumulated deficit of $1,379,967 and negative working capital of $149,704 as of September 30, 2025. The cash position has also declined from $11,167 at year-end 2024 to $3,193.

Key Financial Figures

• $22,747 — (100.0 )% We recorded a net loss of $22,747 for the nine months ended September 30,
• $28,481 — 30, 2025 as compared with a net loss of $28,481 for the nine months ended September 30,
• $3,193 — iquidity and Capital Resources We had $3,193 cash on hand at September 30, 2025 and
• $1,379,967 — ption, we have accumulated a deficit of $1,379,967. As of September 30, 2025, we had $152,
• $152,897 — 9,967. As of September 30, 2025, we had $152,897 in liabilities and a negative working c
• $149,704 — ities and a negative working capital of $149,704. 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,
• $113,086 — $28,481, a negative working capital of $113,086 and an accumulated deficit of $1,343,34
• $1,343,349 — $113,086 and an accumulated deficit of $1,343,349. These factors, among others, raise sub

Filing Documents

• form10-q.htm (10-Q) — 254KB
• ex31-1.htm (EX-31.1) — 19KB
• ex31-2.htm (EX-31.2) — 19KB
• ex32-1.htm (EX-32.1) — 9KB
• 0001493152-25-022387.txt ( ) — 1516KB
• ytfd-20250930.xsd (EX-101.SCH) — 10KB
• ytfd-20250930_cal.xml (EX-101.CAL) — 16KB
• ytfd-20250930_def.xml (EX-101.DEF) — 29KB
• ytfd-20250930_lab.xml (EX-101.LAB) — 142KB
• ytfd-20250930_pre.xml (EX-101.PRE) — 106KB
• form10-q_htm.xml (XML) — 105KB

- 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) September 30, 2025 December 31, 2024 ASSETS Cash $ 3,193 11,167 TOTAL ASSETS $ 3,193 $ 11,167 LIABILITIES & STOCKHOLDERS' DEFICIT Current liabilities Accrued liabilities $ 2,200 $ 9,723 Note payable – related party 136,000 118,500 Accrued interest– related party 14,697 9,901 Total current liabilities and total liabilities 152,897 138,124 Stockholders' deficit Preferred stock, par value $ 0.0001 , 20,000,000 shares authorized, no shares issued and outstanding at September 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 September 30, 2025 and December 31, 2024, respectively 520 520 Additional paid-in capital 1,229,743 1,229,743 Accumulated deficit ( 1,379,967 ) ( 1,357,220 ) Total stockholders' deficit ( 149,704 ) ( 126,957 ) TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 3,193 $ 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 Nine Months ended September 30 September 30 2025 2024 2025 2024 Revenues $ - $ - $ - $ - Operating Expenses General and administrative 5,138 4,355 17,950 25,076 Loss from operations ( 5,138 ) ( 4,355 ) ( 17,950 ) ( 25,076 ) Other expenses Interest expense-related party 1,714 1,301 4,797 3,405 Net loss before income taxes ( 6,852 ) ( 5,656 ) ( 22,747 ) ( 28,481 ) Provision for income taxes Net Loss $ ( 6,852 ) ( 5,656 ) ( 22,747 ) ( 28,481 ) Basic loss per share $ ( 0.00 ) ( 0.00 ) ( 0.00 ) ( 0.01 ) Weighted average number of common shares outstanding –

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