WidFit's Losses Double, Cash Dwindles Amid Development Stage

TL;DR

**WidFit is a cash-burning startup with no revenue and a 'going concern' warning; steer clear unless you're betting on a miracle.**

AI Summary

WidFit Inc., a development-stage company incorporated in Nevada on December 13, 2021, reported no revenues for the three months ended March 31, 2025, consistent with the prior year. The company incurred a net loss of $8,025 for the quarter, a significant increase from the $4,040 net loss in the same period of 2024, primarily due to a doubling of professional fees from $4,000 to $8,000. Cash held in trust decreased by 35.2% from $22,792 at December 31, 2024, to $14,767 at March 31, 2025. Total assets also declined by 35.2% to $14,767. The company's accumulated deficit grew to $59,733 as of March 31, 2025, from $51,708 at December 31, 2024. WidFit Inc. explicitly states it is dependent on additional investment capital to fund operating expenses and has not yet established a stabilized source of revenues, raising significant going concern doubts.

Why It Matters

This filing reveals WidFit Inc. is a pre-revenue, development-stage company with rapidly increasing losses and a shrinking cash balance, posing substantial risks for investors. The doubling of professional fees without any corresponding revenue generation suggests a burn rate that is unsustainable without external funding. For employees, the going concern warning indicates job insecurity. Customers are non-existent as the product is still in development. The broader market impact is minimal given the company's early stage and lack of significant operations, but it highlights the speculative nature of investing in unproven ventures.

Risk Assessment

Risk Level: high — The company explicitly states a 'going concern' doubt due to having no revenues and incurring losses as of March 31, 2025. Cash held in trust decreased by 35.2% from $22,792 to $14,767 in just three months, while the net loss doubled from $4,040 to $8,025 year-over-year, indicating a rapid depletion of limited capital.

Analyst Insight

Investors should avoid WidFit Inc. given its pre-revenue status, increasing losses, and explicit 'going concern' warning. The company's reliance on future capital raises without a clear path to revenue makes it a highly speculative and risky investment.

Financial Highlights

debt To Equity

1.36

revenue

$0

operating Margin

N/A

total Assets

$14,767

total Debt

$8,500

net Income

-$8,025

eps

$0.00

gross Margin

N/A

cash Position

$14,767

revenue Growth

0.0%

Key Numbers

• $0 — Revenue (No revenue generated for the three months ended March 31, 2025 or 2024.)
• $8,025 — Net Loss (Increased by 98.6% from $4,040 in Q1 2024 to $8,025 in Q1 2025.)
• $14,767 — Cash Held in Trust (Decreased by 35.2% from $22,792 at Dec 31, 2024, indicating rapid cash burn.)
• $59,733 — Accumulated Deficit (Increased from $51,708 at Dec 31, 2024, reflecting ongoing losses.)
• $8,000 — Professional Fees (Doubled from $4,000 in Q1 2024, contributing significantly to increased net loss.)
• 7,800,000 — Common Shares Outstanding (Consistent across periods, indicating no recent dilution from new share issuance.)
• $6,267 — Total Stockholders' Equity (Decreased by 56.2% from $14,292 at Dec 31, 2024, due to net loss.)
• $8,500 — Total Liabilities (Remained constant, primarily due to related party debt.)

Key Players & Entities

• WidFit Inc. (company) — registrant
• Shahira Wely (person) — President, CEO, Secretary, Treasurer, and sole director
• SEC (regulator) — Securities and Exchange Commission
• $14,767 (dollar_amount) — cash held in trust as of March 31, 2025
• $22,792 (dollar_amount) — cash held in trust as of December 31, 2024
• $8,025 (dollar_amount) — net loss for the three months ended March 31, 2025
• $4,040 (dollar_amount) — net loss for the three months ended March 31, 2024
• $59,733 (dollar_amount) — accumulated deficit as of March 31, 2025
• $8,000 (dollar_amount) — professional fees for the three months ended March 31, 2025
• 7,800,000 (dollar_amount) — shares of common stock outstanding as of August 26, 2025

FAQ

Risk Factors

• Going Concern Uncertainty [high — financial]: WidFit Inc. is a development-stage company with no revenues and a growing accumulated deficit of $59,733 as of March 31, 2025. The company explicitly states its dependence on additional investment capital to fund operations, raising significant doubts about its ability to continue as a going concern.
• Rapid Cash Burn [high — financial]: Cash held in trust decreased by 35.2% from $22,792 at December 31, 2024, to $14,767 at March 31, 2025. This rapid depletion of cash reserves, coupled with no revenue generation, highlights the company's precarious financial position.
• Dependence on Future Funding [high — operational]: The company's ability to develop and launch its proposed internet browser is contingent on securing $10,000 in funding. Failure to obtain this capital within the next six months could halt development and prevent revenue generation.
• Increasing Operating Expenses [medium — financial]: Net loss for Q1 2025 was $8,025, a 98.6% increase from $4,040 in Q1 2024. This was primarily driven by a doubling of professional fees from $4,000 to $8,000, indicating rising operational costs without corresponding revenue.
• Unproven Business Model [medium — market]: WidFit's business model relies on a subjective belief that users will choose privacy or reward modes for their browsing data. There are no assurances that this proposed internet browser will succeed or be marketable, or that it will generate revenues.

Industry Context

WidFit Inc. aims to disrupt the online advertising industry by offering users control over their browsing data. The company's proposed browser would allow users to choose between privacy mode or an advertising mode where they earn rewards. This positions WidFit in the competitive digital advertising and data privacy technology space, where user trust and data security are paramount.

Regulatory Implications

As a company dealing with user data and online browsing, WidFit Inc. could face scrutiny under data privacy regulations like GDPR and CCPA. Its business model's success hinges on user adoption and compliance with evolving data protection laws.

What Investors Should Do

1. Monitor funding status
2. Evaluate progress on browser development
3. Assess cash burn rate and runway

Key Dates

• 2021-12-13: Incorporation of WidFit Inc. — Marks the beginning of the company's operational history as a development-stage entity.
• 2025-03-31: Balance Sheet Date — Reflects a significant decrease in cash and total assets, and a growing accumulated deficit.
• 2025-03-31: Statement of Operations Period End — Shows a substantial increase in net loss compared to the prior year, driven by higher professional fees.

Glossary

Development-stage company

A company that has a plan or idea for a product or service but has not yet generated significant revenue or established a business operations. (WidFit Inc. is explicitly identified as a development-stage company, indicating it is in the early phases of its business lifecycle with no established revenue streams.)

Accumulated deficit

The cumulative net losses of a company since its inception, minus any net profits. It represents a negative balance in retained earnings. (WidFit's accumulated deficit has grown to $59,733, underscoring its history of losses and lack of profitability.)

Cash held in trust

Funds set aside in a trust account, often used by companies during their formation or for specific purposes like initial public offerings, to segregate funds from general operating capital. (The decrease in cash held in trust by 35.2% highlights the company's cash burn rate and its reliance on these funds for operations.)

Going concern

An accounting assumption that a business will continue to operate for the foreseeable future. If there are substantial doubts about this, it must be disclosed. (WidFit Inc. explicitly raises going concern doubts due to its lack of revenue and dependence on future funding.)

Related party debt

Money owed to or by individuals or entities that have a close relationship with the company, such as officers, directors, or major shareholders. (The company has $6,500 in due to related party liabilities, which remained constant, indicating ongoing financial ties.)

Year-Over-Year Comparison

Compared to the prior year's first quarter, WidFit Inc. has seen its net loss nearly double, increasing from $4,040 to $8,025. This deterioration is primarily attributed to a significant rise in professional fees, which doubled from $4,000 to $8,000. Concurrently, the company's cash position has diminished substantially, with cash held in trust falling by 35.2% from $22,792 to $14,767. No new risks have been explicitly introduced in this filing, but the existing going concern and funding dependency risks are amplified by these worsening financial metrics.

Key Financial Figures

• $0.001 — were 7,800,000 shares of common stock, $0.001 par value per share, outstanding. 2 W
• $10,000 — to reach this level of functionality is $10,000. There can be no assurances that our ef
• $60,000 — existing shareholders. If we raise the $60,000 gross under the Form S-1, in our primar
• $8,025 — 31, 2025, total operating expenses were $8,025 comprised of professional fees of $8,00
• $8,000 — 8,025 comprised of professional fees of $8,000 and general and administration expenses
• $25 — general and administration expenses of $25. Our net loss on March 31, 2025, was $8

Filing Documents

• wdfi-20250331_10q.htm (10-Q) — 207KB
• wdfi_ex311.htm (EX-31.1) — 8KB
• wdfi_ex321.htm (EX-32.1) — 4KB
• 0001139020-25-000269.txt ( ) — 1267KB
• wdfi-20250331_cal.xml (EX-101.CAL) — 11KB
• wdfi-20250331_def.xml (EX-101.DEF) — 28KB
• wdfi-20250331_lab.xml (EX-101.LAB) — 78KB
• wdfi-20250331_pre.xml (EX-101.PRE) — 70KB
• wdfi-20250331.xsd (EX-101.SCH) — 16KB
• wdfi-20250331_10q_htm.xml (XML) — 80KB

Financial Information

Part I. Financial Information 5

Financial Statements

Item 1. Financial Statements 5

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. 13

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk. 15

Controls and Procedures

Item 4. Controls and Procedures. 16

Other Information

Part II. Other Information 17

Legal Proceedings

Item 1. Legal Proceedings. 17

Risk Factors

Item 1A. Risk Factors. 17

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. 17

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities. 17

Mine Safety Disclosures

Item 4. Mine Safety Disclosures. 17

Other Information

Item 5. Other Information. 17

Exhibits

Item 6. Exhibits. 17

Signatures

Signatures 18 3 CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q of Widfit Inc., a Nevada corporation (the "Company"), contains "forward-looking statements," as defined in the United States Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terminology such as "may", "will", "should", "could", "expects", "plans", "intends", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of such terms and other comparable terminology. These forward-looking statements include, without limitation, statements about our market opportunity, our strategies, competition, expected activities and expenditures as we pursue our business plan, and the adequacy of our available cash resources. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Actual results may differ materially from the predictions discussed in these forward-looking statements. The economic environment within which we operate could materially affect our actual results. Additional factors that could materially affect these forward-looking statements and/or predictions include, among other things: the ongoing coronavirus pandemic, the Company's need for and ability to obtain additional financing, product demand, market and customer acceptance, competition, pricing and development difficulties, as well as general industry and market conditions and growth rates, general economic conditions, and other factors over which we have little or no control; and other factors discussed in the Company's filings with the Securities and Exchange Commission ("SEC"). Our management has included projections and estimates in this Form 10-Q, which are based primarily on management's experience in the industry, assessments of our results of operations, discussions

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS. INDEX TO UNAUDITED FINANCIAL STATEMENTS PAGE Balance Sheet at March 31, 2025 and December 31, 2024 (Unaudited) 6 7 8 9

Notes to Financial Statements (Unaudited)

Notes to Financial Statements (Unaudited) 10 5 WidFit Inc. Balance Sheet (Unaudited) March 31, 2025 December 31, 2024 ASSETS Current assets: Cash held in trust $ 14,767 $ 22,792 Total current assets 14,767 22,792 Total Assets $ 14,767 $ 22,792 LIABILITIES AND STOCKHOLDER'S EQUITY Liabilities Current liabilities: Accounts payable and accrued liabilities 2,000 2,000 Due to related party 6,500 6,500 Total current liabilities 8,500 8,500 Total Liabilities 8,500 8,500 Stockholders' Equity: Common stock: $ 0.001 par value, 75,000,000 shares authorized, 7,800,000 issued and outstanding as of March 31, 2025 and December 31, 2024, respectively. 7,800 7,800 Additional paid-in capital 58,200 58,200 Accumulated deficit ( 59,733 ) ( 51,708 ) Total stockholders' equity $ 6,267 $ 14,292 Total liabilities and stockholders' equity $ 14,767 $ 22,792 The accompanying notes are an integral part of these unaudited financial statements. 6 WidFit Inc. (Unaudited) For the three months ended March 31, 2025 2024 REVENUES $ - $ - OPERATING EXPENSES General and administrative 25 40 Professional fees 8,000 4,000 Total operating expenses $ 8,025 $ 4,040 Net loss before taxes $ ( 8,025 ) $ ( 4,040 ) Income tax - - Net loss $ ( 8,025 ) $ ( 4,040 ) Net loss per common share - basic and diluted $ ( 0.00 ) $ ( 0.00 ) Weighted average common shares outstanding - basic and diluted 7,800,000 7,800,000 The accompanying notes are an integral part of these unaudited financial statements. 7 WidFit Inc. (Unaudited) For the three months ended March 31, 2025 and 2024 Common Stock Shares Amount Additional Paid-in Capital Accumulated Deficit Total Stockholders' Equity Balance at January 1, 2024 7,800,000 $ 7,800 $ 58,200 $ ( 37,193 ) $ 28,807 Net loss - -

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITIONS AND RESULTS OF OPERATIONS

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITIONS AND RESULTS OF OPERATIONS. The following information should be read in conjunction with (i) the financial statements of Widfit Inc., a Nevada corporation (the "Company"), and development stage company, and the notes thereto appearing elsewhere in this Form 10-Q together with (ii) the more detailed business information and the December 31, 2021 audited financial statements and related notes included in the Company's Amendment No. 3 to Form S-1 (File No. 333-263379; the "Form S-1"), as filed with the Securities and Exchange Commission on May 12, 2022. Statements in this section and elsewhere in this Form 10-Q that are not statements of historical or current fact constitute "forward-looking" statements. OVERVIEW Widfit Inc was incorporated on December 13, 2021. Our fiscal year end is December 31, and we have no subsidiaries. Our business offices are currently located at Jabotinsky Street 3, Hod Hasharon 4530803, Israel. Shahira Wely has served as our Chief Executive Officer, President, Secretary, Treasurer and sole director since December 31, 2021. Ms. Wely holds 5,000,000 shares of common stock of the Company. We plan to develop an Internet browser that lets you choose how your data is used online. We are designing our browser to let you keep your personal data private or be rewarded. A user of our browser will allow you to choose from the following two options: (i) privacy mode, which will be designed to protect your personal browsing date, and (ii) advertising mode, through which a user earns points, which can be redeemed for cash, products, vouchers or be donated. Our business is based on our subjective belief that the advertising industry uses the browsing data of a person using an Internet browser, tracking a user's online browsing history and habits to understand a user's behavior and purchasing habits. We further believe that an Internet user's collected browsing information is sold, bu

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