WidFit's Cash Dries Up, Losses Mount Amid Browser Development

TL;DR

**WidFit is a cash-strapped development-stage company with no revenue and mounting losses; avoid at all costs.**

AI Summary

WidFit Inc., a development-stage company, reported no revenues for the three and nine months ended September 30, 2025, consistent with the prior year. The company incurred a net loss of $4,050 for the three months ended September 30, 2025, a slight increase from $4,025 in the same period of 2024. For the nine months ended September 30, 2025, the net loss significantly widened to $22,625, compared to $14,515 in the prior year, primarily due to increased professional fees which rose from $14,400 to $22,500. Cash held in trust plummeted from $22,792 at December 31, 2024, to just $167 by September 30, 2025. The company's total stockholders' equity turned negative, falling from $14,292 at December 31, 2024, to a deficit of $8,333 by September 30, 2025. WidFit Inc. explicitly states it has limited working capital and is dependent on additional investment capital to fund operating expenses, with no assurances of becoming financially viable.

Why It Matters

This filing reveals WidFit Inc. is a pre-revenue, development-stage company with rapidly dwindling cash reserves, posing significant going concern risks for investors. The negative stockholders' equity and minimal cash balance of $167 indicate severe financial distress, making it highly speculative for new investors. For employees, the lack of a stabilized revenue source and reliance on external funding creates job insecurity. Customers are unlikely to see the proposed privacy-focused internet browser come to fruition without substantial new capital, as the website is still in the development stage. In the competitive tech landscape, WidFit's inability to secure funding or generate revenue means it cannot compete with established browser developers or privacy-focused startups.

Risk Assessment

Risk Level: high — The company explicitly states a 'going concern' risk due to 'no revenues' and 'limited working capital' as of September 30, 2025. Cash held in trust decreased from $22,792 at December 31, 2024, to $167 by September 30, 2025, representing a 99.27% decline, indicating severe liquidity issues. Total stockholders' equity is a deficit of $8,333, further highlighting financial instability.

Analyst Insight

Investors should avoid WidFit Inc. given its pre-revenue status, significant net losses, and critically low cash balance of $167. The company's explicit 'going concern' warning and reliance on future capital without any assurances make it an extremely high-risk, speculative investment with little to no upside potential in the near term.

Financial Highlights

debt To Equity

N/A

revenue

$0

operating Margin

N/A

total Assets

$167

total Debt

$8,500

net Income

($22,625)

eps

$0.00

gross Margin

N/A

cash Position

$167

revenue Growth

0.0%

Revenue Breakdown

Key Numbers

• $167 — Cash held in trust (Represents a 99.27% decrease from $22,792 at December 31, 2024, indicating critical liquidity issues.)
• $0 — Revenues (No revenues generated for the three or nine months ended September 30, 2025, highlighting pre-revenue status.)
• $22,625 — Net loss (9 months) (Increased from $14,515 in the prior year, showing widening losses.)
• ($8,333) — Total stockholders' equity (Turned into a deficit from a positive $14,292, indicating negative book value.)
• 7,800,000 — Common shares outstanding (Consistent number of shares, but value per share is effectively zero or negative given the deficit.)
• $22,500 — Professional fees (9 months) (Increased from $14,400, contributing significantly to the net loss.)
• $10,000 — Funding needed (Required to make the company's website operational, which is currently not secured.)

Key Players & Entities

• WidFit Inc. (company) — registrant of the 10-Q filing
• Shahira Wely (person) — President, CEO, Secretary, Treasurer, and sole director, holding 5,000,000 common shares
• SEC (regulator) — Securities and Exchange Commission
• $167 (dollar_amount) — cash held in trust as of September 30, 2025
• $22,792 (dollar_amount) — cash held in trust as of December 31, 2024
• $22,625 (dollar_amount) — net loss for the nine months ended September 30, 2025
• $14,515 (dollar_amount) — net loss for the nine months ended September 30, 2024
• $8,333 (dollar_amount) — total stockholders' deficit as of September 30, 2025
• $10,000 (dollar_amount) — funding needed to make the website operational
• Nevada (company) — state of incorporation for WidFit Inc.

FAQ

Risk Factors

• Critical Liquidity Shortage [high — financial]: Cash held in trust has decreased from $22,792 at December 31, 2024, to $167 as of September 30, 2025. This represents a 99.27% reduction, indicating severe liquidity constraints and an inability to fund ongoing operations without additional capital.
• Negative Stockholders' Equity [high — financial]: Total stockholders' equity has fallen from a positive $14,292 at December 31, 2024, to a deficit of $8,333 as of September 30, 2025. This negative book value signifies that liabilities exceed assets, a critical indicator of financial distress.
• Dependence on Future Funding [high — operational]: The company explicitly states it has limited working capital and is dependent on additional investment capital to fund operating expenses. There are no assurances of becoming financially viable, and the $10,000 needed to make the website operational is not secured.
• Widening Net Losses [medium — financial]: The net loss for the nine months ended September 30, 2025, significantly widened to $22,625 from $14,515 in the prior year. This increase is primarily driven by a rise in professional fees from $14,400 to $22,500.
• Development Stage Company Status [medium — operational]: WidFit Inc. is a development-stage company with no revenues generated. The success of its proposed internet browser is uncertain, and there are no guarantees that its development efforts will succeed or lead to market viability.

Industry Context

WidFit Inc. operates in the internet browser and data privacy sector, a competitive landscape with established players like Google Chrome, Mozilla Firefox, and Apple Safari. The company aims to differentiate by offering users control over their data and potential rewards, tapping into growing consumer concerns about online privacy and data monetization. However, breaking into this market requires substantial technological development, user acquisition, and a robust business model to compete with incumbents.

Regulatory Implications

As a company dealing with user data and online services, WidFit Inc. could face scrutiny under data privacy regulations such as GDPR and CCPA. Failure to comply with these regulations could result in significant fines and reputational damage. The company's development-stage status and lack of revenue also mean it is subject to securities regulations regarding disclosures and fundraising.

What Investors Should Do

1. Exercise extreme caution and consider avoiding investment.
2. Monitor future funding rounds closely.
3. Evaluate the competitive landscape and product viability.

Key Dates

• 2025-09-30: Balance Sheet Date — Reflects critical liquidity issues with cash in trust at $167 and negative stockholders' equity of ($8,333).
• 2025-09-30: End of Nine-Month Period — Reported a net loss of $22,625, a significant increase from the prior year, driven by higher professional fees.
• 2024-12-31: Prior Year End Balance Sheet — Showed cash in trust of $22,792 and positive stockholders' equity of $14,292, highlighting the severe deterioration in financial position.

Glossary

Development stage company

A company that is in the early stages of its business plan and has not yet generated significant revenues or profits. (WidFit Inc. is classified as such, indicating it has not yet achieved operational or financial viability.)

Cash held in trust

Funds set aside in a trust account, typically for specific purposes such as funding operations or returning to investors if certain milestones are not met. (The drastic reduction to $167 highlights an extreme lack of readily available funds for operations.)

Accumulated deficit

The cumulative net losses of a company since its inception, representing the total amount by which expenses have exceeded revenues. (WidFit Inc.'s accumulated deficit has grown to ($74,333), contributing to its negative stockholders' equity.)

Stockholders' Equity

The residual interest in the assets of an entity after deducting all its liabilities. It represents the net worth of the company. (WidFit Inc.'s negative stockholders' equity of ($8,333) indicates that the company owes more than it owns.)

Professional fees

Costs incurred for services provided by external professionals, such as lawyers, accountants, or consultants. (These fees have significantly increased and are a primary driver of the widening net loss.)

Year-Over-Year Comparison

Compared to the prior year, WidFit Inc. shows a significant deterioration in its financial position. While revenues remain at $0, the net loss for the nine-month period has widened from $14,515 to $22,625, primarily due to increased professional fees. Most critically, cash held in trust has plummeted from $22,792 to $167, and total stockholders' equity has turned negative, falling from $14,292 to ($8,333). No new significant risks were explicitly detailed, but the existing financial and operational risks have become substantially more acute.

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-20250930_10q.htm (10-Q) — 260KB
• wdfi_ex311.htm (EX-31) — 8KB
• wdfi_ex321.htm (EX-32) — 4KB
• 0001912954-25-000005.txt ( ) — 1360KB
• wdfi-20250930_cal.xml (EX-101.CAL) — 11KB
• wdfi-20250930_def.xml (EX-101.DEF) — 28KB
• wdfi-20250930_lab.xml (EX-101.LAB) — 78KB
• wdfi-20250930_pre.xml (EX-101.PRE) — 70KB
• wdfi-20250930.xsd (EX-101.SCH) — 16KB
• wdfi-20250930_10q_htm.xml (XML) — 105KB

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 September 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) September 30, 2025 December 31, 2024 ASSETS Current assets: Cash held in trust $ 167 $ 22,792 Total current assets 167 22,792 Total Assets $ 167 $ 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 September 30, 2025 and December 31, 2024, respectively. 7,800 7,800 Additional paid-in capital 58,200 58,200 Accumulated deficit ( 74,333 ) ( 51,708 ) Total stockholders' equity $ ( 8,333 ) $ 14,292 Total liabilities and stockholders' equity $ 167 $ 22,792 The accompanying notes are an integral part of these unaudited financial statements. 6 WidFit Inc. (Unaudited) Three months ended September 30, Nine months ended September 30, 2025 2024 2025 2024 REVENUES $ - $ - $ - $ - OPERATING EXPENSES General and administrative 50 25 125 115 Professional fees 4,000 4,000 22,500 14,400 Total operating expenses $ 4,050 $ 4,025 $ 22,625 $ 14,515 Net loss before taxes $ ( 4,050 ) $ ( 4,025 ) $ ( 22,625 ) $ ( 14,515 ) Income tax - - Net loss $ ( 4,050 ) $ ( 4,025 ) $ ( 22,625 ) $ ( 14,515 ) 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 nine months ended September 30, 2025 a

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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