WidFit's Losses Mount, Cash Dwindles Amid Browser Development

TL;DR

**WidFit is a cash-burning shell with no revenue and a negative equity position; avoid this speculative play.**

AI Summary

WidFit Inc., a development-stage company incorporated in Nevada on December 13, 2021, reported no revenues for the three and six months ended June 30, 2025, consistent with the prior year. The company incurred a net loss of $10,550 for the three months ended June 30, 2025, an increase from a net loss of $6,450 for the same period in 2024. For the six months ended June 30, 2025, the net loss was $18,575, up from $10,490 in 2024. Operating expenses primarily consisted of professional fees, which rose from $6,400 to $10,500 for the three-month period and from $10,400 to $18,500 for the six-month period year-over-year. Cash held in trust significantly decreased from $22,792 at December 31, 2024, to $4,217 at June 30, 2025. The company has an accumulated deficit of $70,283 as of June 30, 2025, and a total stockholders' deficit of $4,283, indicating a going concern risk due to limited working capital and dependence on additional investment capital.

Why It Matters

This filing reveals WidFit Inc. is a pre-revenue, development-stage company with rapidly depleting cash reserves, posing significant risk for investors. The company's ability to launch its proposed internet browser, which aims to compete in the data privacy and advertising space, is entirely dependent on securing an additional $10,000 in funding within the next six months. Without this capital, the company's strategic outlook is severely hampered, potentially impacting future employees and customers who might be interested in its unique data privacy model. The competitive landscape for internet browsers is dominated by tech giants, making WidFit's entry challenging even with adequate funding.

Risk Assessment

Risk Level: high — WidFit Inc. has an accumulated deficit of $70,283 and a total stockholders' deficit of $4,283 as of June 30, 2025. Cash held in trust plummeted from $22,792 to $4,217 in six months, and the company explicitly states it has 'limited working capital' and 'no revenues,' indicating a severe going concern risk.

Analyst Insight

Investors should avoid WidFit Inc. given its pre-revenue status, negative equity, and rapidly diminishing cash. The company's future is entirely dependent on speculative capital raises, making it an extremely high-risk investment with no clear path to profitability.

Financial Highlights

debt To Equity

N/A

revenue

$0

operating Margin

N/A

total Assets

$4,217

total Debt

$8,500

net Income

-$10,550

eps

$0.00

gross Margin

N/A

cash Position

$4,217

revenue Growth

N/A

Key Numbers

• $0 — Revenue (No revenue generated for the three and six months ended June 30, 2025)
• -$10,550 — Net Loss (Q2 2025) (Increased from -$6,450 in Q2 2024, indicating rising expenses without revenue)
• -$18,575 — Net Loss (YTD Q2 2025) (Increased from -$10,490 in YTD Q2 2024, showing accelerating losses)
• $4,217 — Cash Held in Trust (Significant decrease from $22,792 at December 31, 2024, highlighting liquidity issues)
• -$70,283 — Accumulated Deficit (Growing deficit indicates sustained losses since inception)
• -$4,283 — Total Stockholders' Equity (Negative equity position as of June 30, 2025, signaling financial distress)
• $18,500 — Professional Fees (YTD Q2 2025) (Primary operating expense, increased from $10,400 in YTD Q2 2024)
• 7,800,000 — Common Shares Outstanding (Consistent number of shares, no new dilution reported in the period)
• $10,000 — Funding Needed (Required to make the website operational within 6 months)

Key Players & Entities

• WidFit Inc. (company) — registrant
• Shahira Wely (person) — Chief Executive Officer, President, Secretary, Treasurer, and sole director
• Nevada (regulator) — state of incorporation
• $10,550 (dollar_amount) — net loss for three months ended June 30, 2025
• $18,575 (dollar_amount) — net loss for six months ended June 30, 2025
• $4,217 (dollar_amount) — cash held in trust as of June 30, 2025
• $22,792 (dollar_amount) — cash held in trust as of December 31, 2024
• $70,283 (dollar_amount) — accumulated deficit as of June 30, 2025
• $4,283 (dollar_amount) — total stockholders' deficit as of June 30, 2025
• $10,000 (dollar_amount) — funding needed to make website operational

FAQ

Risk Factors

• Going Concern Risk [high — financial]: WidFit Inc. faces significant going concern risk due to a substantial decrease in cash held in trust from $22,792 to $4,217 and a growing accumulated deficit of $70,283 as of June 30, 2025. The company has negative total stockholders' equity of $4,283, indicating a severe lack of working capital and dependence on future funding.
• Increasing Net Losses [high — financial]: The company reported no revenues for the three and six months ended June 30, 2025, while net losses increased year-over-year. The net loss for Q2 2025 was $10,550, up from $6,450 in Q2 2024, and the year-to-date loss was $18,575, up from $10,490 in the prior year. This trend highlights escalating operational costs without corresponding revenue generation.
• Dependence on Future Funding [high — operational]: The company requires $10,000 to make its website operational within 6 months. Failure to secure this funding, or any additional capital, could prevent the development and launch of its core product, jeopardizing its business model and future prospects.
• Development Stage Company Risk [medium — operational]: As a development-stage company, WidFit Inc. has not yet generated any revenue. Its success is contingent on the successful development, marketing, and adoption of its proposed internet browser, which carries inherent risks of failure in product development and market acceptance.
• High Professional Fees [medium — financial]: Professional fees represent the primary operating expense, increasing from $6,400 to $10,500 for the three months ended June 30, 2025, and from $10,400 to $18,500 for the six-month period year-over-year. These rising costs, without revenue, contribute significantly to the net loss.

Industry Context

WidFit Inc. operates in the internet browser and online advertising technology space. This industry is characterized by intense competition from established tech giants and a constant need for innovation in user privacy and data monetization. Emerging trends focus on user control over data and alternative advertising models, which WidFit aims to address.

Regulatory Implications

As a company dealing with user data and online privacy, WidFit Inc. could face evolving regulatory scrutiny related to data protection laws (e.g., GDPR, CCPA). Compliance with these regulations will be crucial for user trust and market acceptance, and any missteps could lead to significant penalties.

What Investors Should Do

1. Monitor funding rounds closely.
2. Evaluate the feasibility of the business model.
3. Assess the burn rate and expense management.

Key Dates

• 2021-12-13: WidFit Inc. incorporated — Marks the official start of the company's operations and its legal existence.
• 2025-06-30: Balance Sheet Date — Provides a snapshot of the company's assets, liabilities, and equity, highlighting a significant decrease in cash and negative stockholders' equity.
• 2025-06-30: End of Q2 Reporting Period — Financial results for the second quarter show increased net losses and no revenue, underscoring the company's precarious financial state.

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 model. (WidFit Inc. is explicitly identified as a development-stage company, meaning its financial statements and future prospects are subject to higher uncertainty and risk.)

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 Inc.'s accumulated deficit of $70,283 as of June 30, 2025, indicates a history of losses and a significant gap to profitability.)

Stockholders' Equity

The residual interest in the assets of an entity after deducting all its liabilities. It represents the owners' stake in the company. (WidFit Inc. has a negative stockholders' equity of $4,283, signifying that its liabilities exceed its assets, a critical indicator of financial distress.)

Cash held in trust

Funds set aside in a trust account, often for specific purposes such as funding a business combination or covering operational expenses, typically held by a third party. (The sharp decline in WidFit Inc.'s cash held in trust from $22,792 to $4,217 highlights a critical liquidity crunch and reduced financial flexibility.)

Year-Over-Year Comparison

Compared to the prior year, WidFit Inc. shows no revenue growth, remaining at $0 for both the three and six-month periods ended June 30, 2025. Net losses have significantly increased, with Q2 2025 losses at $10,550 (up from $6,450) and year-to-date losses at $18,575 (up from $10,490). Operating expenses, primarily professional fees, have also risen substantially year-over-year, contributing to the deteriorating financial position. The company's cash position has drastically reduced, and its stockholders' equity has turned negative, indicating heightened financial distress.

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

Filing Documents

• wdfi-20250630_10q.htm (10-Q) — 242KB
• wdfi_ex311.htm (EX-31.1) — 8KB
• wdfi_ex321.htm (EX-32.1) — 4KB
• 0001139020-25-000334.txt ( ) — 1330KB
• wdfi-20250630_cal.xml (EX-101.CAL) — 11KB
• wdfi-20250630_def.xml (EX-101.DEF) — 28KB
• wdfi-20250630_lab.xml (EX-101.LAB) — 78KB
• wdfi-20250630_pre.xml (EX-101.PRE) — 70KB
• wdfi-20250630.xsd (EX-101.SCH) — 16KB
• wdfi-20250630_10q_htm.xml (XML) — 95KB

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. 16

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 June 30, 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) June 30, 2025 December 31, 2024 ASSETS Current assets: Cash held in trust $ 4,217 $ 22,792 Total current assets 4,217 22,792 Total Assets $ 4,217 $ 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 June 30, 2025 and December 31, 2024, respectively. 7,800 7,800 Additional paid-in capital 58,200 58,200 Accumulated deficit ( 70,283 ) ( 51,708 ) Total stockholders' equity $ ( 4,283 ) $ 14,292 Total liabilities and stockholders' equity $ 4,217 $ 22,792 The accompanying notes are an integral part of these unaudited financial statements. 6 WidFit Inc. (Unaudited) Three months ended June 30, Six months ended June 30, 2025 2024 2025 2024 REVENUES $ - $ - $ - $ - OPERATING EXPENSES General and administrative 50 50 75 90 Professional fees 10,500 6,400 18,500 10,400 Total operating expenses $ 10,550 $ 6,450 $ 18,575 $ 10,490 Net loss before taxes $ ( 10,550 ) $ ( 6,450 ) $ ( 18,575 ) $ ( 10,490 ) Income tax - - Net loss $ ( 10,550 ) $ ( 6,450 ) $ ( 18,575 ) $ ( 10,490 ) Net loss per common share - basic and diluted $ ( 0.00 ) $ ( 0.00 ) $ ( 0.00 ) $ ( 0.00 ) Weighted average common shares outstanding - basic and diluted 7,800,000 7,800,000 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 and six months ended June 30, 2025 and 2024 Common S

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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