Internet Sciences Posts $79K Loss, Zero Revenue Amid Product Rollout

TL;DR

**INTERNET SCIENCES INC. is burning cash with zero revenue, betting big on unproven IoT products; avoid until they show actual sales.**

AI Summary

INTERNET SCIENCES INC. (ISI) filed a 10-Q/A for the nine-month period ended September 30, 2025, primarily to file required XBRL reporting. The company reported a net loss of $79,139 for the nine months ended September 30, 2025, a significant decline from a net income of $29,264 in the same period of 2024. Revenue for the nine months ended September 30, 2025, was $0, a stark contrast to $686,165 in 2024, indicating a complete halt in sales. Total assets increased substantially to $627,120 as of September 30, 2025, from $76,544 at December 31, 2024, driven by a large increase in deferred compensation to $594,462. Cash decreased from $52,544 at the beginning of the period to $8,658 by September 30, 2025. The company is an early-stage diversified information and communications technology firm, specializing in digital transformation services and developing proprietary IoT-based data cleansing and optimization APIs (DataClenz API and IoTIMAX API), which began commercialization efforts in April 2025. ISI is also developing SaaS versions of these products, expected to be completed in Q4 2025, and aims to generate revenue through direct sales, channel partners, and distributorships with Carahsoft, AWS Marketplace, and IBM Cloud Catalog.

Why It Matters

INTERNET SCIENCES INC.'s transition from $686,165 in revenue to zero, coupled with a net loss of $79,139, signals a critical juncture for investors. The significant increase in deferred compensation and total assets suggests substantial investment in future growth, but the lack of current revenue raises questions about immediate viability and market penetration for its new IoT products. For employees and customers, the successful commercialization of DataClenz API and IoTIMAX API, and their SaaS counterparts, is paramount for the company's long-term stability and competitive positioning against established tech giants in the IoT and data analytics space. The company's ability to secure strategic partnerships and generate sales through its planned channels will determine its ability to compete and deliver on its digital transformation promises.

Risk Assessment

Risk Level: high — The company reported $0 in revenue for the nine months ended September 30, 2025, a dramatic drop from $686,165 in the prior year, indicating a complete lack of sales. This, combined with a net loss of $79,139 and a cash balance of only $8,658, presents significant liquidity and operational risks, as the company is not generating income to cover its expenses.

Analyst Insight

Investors should exercise extreme caution and avoid INTERNET SCIENCES INC. stock until there is clear evidence of sustained revenue generation from its commercialized products and a path to profitability. Monitor future filings for concrete sales figures and successful partnership agreements.

Financial Highlights

debt To Equity

0.49

revenue

$0

operating Margin

N/A

total Assets

$627,120

total Debt

$205,512

net Income

$(79,139)

eps

$0.00

gross Margin

N/A

cash Position

$8,658

revenue Growth

-100.0%

Revenue Breakdown

Key Numbers

• $0 — Revenue (for the nine months ended September 30, 2025, down from $686,165 in 2024)
• $(79,139) — Net Loss (for the nine months ended September 30, 2025, compared to net income of $29,264 in 2024)
• $8,658 — Cash at end of period (as of September 30, 2025, down from $52,544 at beginning of period)
• $627,120 — Total Assets (as of September 30, 2025, up from $76,544 at December 31, 2024)
• $594,462 — Deferred Compensation (Long-Term Asset) (as of September 30, 2025, up from $0 at December 31, 2024)
• 23,943,500 — Class A shares outstanding (as of September 30, 2025)
• $1,083,131 — Accumulated Deficit (as of September 30, 2025, indicating significant historical losses)
• $421,608 — Total Stockholders' Equity (as of September 30, 2025, a positive shift from a deficit of $(42,755) at December 31, 2024)
• $543,502 — Proceeds from Other Issuance of Common Stock (for the nine months ended September 30, 2025, a key source of financing)
• $117,682 — Accounts payable and accrued liabilities (as of September 30, 2025, up from $101,225 at December 31, 2024)

Key Players & Entities

• INTERNET SCIENCES INC. (company) — registrant
• U.S. Securities and Exchange Commission (regulator) — filing recipient
• Luxury Trine Digital Media Group Inc. (company) — former name of registrant
• Institute of Technology Informatics & Computer Analytics LLC (company) — wholly owned subsidiary
• Analygence Limited (company) — wholly owned subsidiary
• DataClenz API (company) — proprietary product
• IoTIMAX API (company) — proprietary product
• Carahsoft (company) — distributor for public sector markets
• AWS Market Place (company) — product distribution platform
• IBM Cloud Catalog (company) — product distribution platform

FAQ

Risk Factors

• Zero Revenue and Significant Net Loss [high — financial]: The company reported $0 revenue for the nine months ended September 30, 2025, down from $686,165 in the prior year. This resulted in a net loss of $79,139 for the period, a significant deterioration from a net income of $29,264 in 2024. This lack of revenue generation raises serious concerns about the company's ability to sustain operations.
• Dwindling Cash Position [high — financial]: Cash decreased from $52,544 at the beginning of the period to $8,658 as of September 30, 2025. This sharp decline in liquidity, coupled with zero revenue, poses an immediate threat to the company's short-term financial stability.
• Reliance on Deferred Compensation for Asset Growth [medium — financial]: Total assets increased substantially to $627,120 from $76,544, primarily driven by a $594,462 increase in deferred compensation, which is now a long-term asset. This unusual asset composition, rather than operational revenue, raises questions about the nature and realizability of these assets.
• Commercialization Delays and Product Development [medium — operational]: While the company aims to generate revenue from its DataClenz API and IoTIMAX API, commercialization efforts began in April 2025, and SaaS versions are expected in Q4 2025. The delay in revenue generation suggests potential challenges in product adoption or market penetration.
• Accumulated Deficit [medium — financial]: The company has an accumulated deficit of $1,083,131 as of September 30, 2025. This indicates a history of significant losses, and the current zero revenue situation exacerbates the challenge of overcoming this deficit.
• Dependence on Stock Issuances for Funding [medium — financial]: The company raised $543,502 through other issuances of common stock during the nine months ended September 30, 2025. This reliance on equity financing, especially in the absence of revenue, highlights the need for continuous capital infusion to fund operations.
• Intense Competition in ICT and Digital Transformation [medium — market]: The information and communications technology sector, particularly digital transformation services, is highly competitive. ISI faces established players and emerging startups, making market penetration and customer acquisition challenging without a proven revenue stream.
• XBRL Filing Compliance [low — regulatory]: The filing of a 10-Q/A primarily for XBRL reporting indicates a focus on regulatory compliance. While necessary, it does not address the core business challenges of revenue generation and profitability.

Industry Context

Internet Sciences Inc. operates in the highly competitive information and communications technology (ICT) and digital transformation sectors. This industry is characterized by rapid technological advancements, evolving customer demands, and the presence of both large, established players and agile startups. Key trends include the increasing adoption of IoT, cloud computing, and AI-driven solutions, all of which ISI aims to leverage with its proprietary APIs and SaaS offerings.

Regulatory Implications

The primary regulatory implication highlighted is the company's need to adhere to SEC filing requirements, as evidenced by the 10-Q/A filing for XBRL compliance. While no specific new regulatory risks are detailed, companies in the technology sector must remain vigilant about data privacy regulations (e.g., GDPR, CCPA) and cybersecurity standards, which could impact their operations and product development.

What Investors Should Do

1. Monitor Q4 2025 results closely for any signs of revenue generation from the new APIs and SaaS products. The current zero-revenue status is unsustainable.
2. Investigate the nature and realizability of the significant 'Deferred Compensation' asset, which is driving the balance sheet growth.
3. Assess the company's cash burn rate and its ability to secure further funding, given the minimal cash balance and lack of operating revenue.
4. Evaluate the competitive landscape and ISI's unique selling proposition for its DataClenz and IoTIMAX APIs in a crowded market.
5. Understand the long-term strategy for overcoming the substantial accumulated deficit of over $1 million.

Key Dates

• 2025-09-30: Nine-month period ended — Reported $0 revenue and a net loss of $79,139, with cash falling to $8,658. Total assets significantly increased due to deferred compensation.
• 2025-04-01: Commercialization efforts began — Marks the start of efforts to generate revenue from proprietary IoT-based data cleansing and optimization APIs.
• 2025-10-01: Expected completion of SaaS versions — Anticipated completion of SaaS versions of DataClenz API and IoTIMAX API, crucial for future revenue streams.
• 2024-09-30: Prior year comparable period — Generated $686,165 in revenue and a net income of $29,264, highlighting the severe downturn in the current period.
• 2024-12-31: End of prior fiscal year — Total assets were $76,544 and cash was $52,544, providing a baseline for the significant changes observed in the current period.

Glossary

XBRL

eXtensible Business Reporting Language, a global standard for the electronic reporting of business information. (The 10-Q/A filing was primarily to provide required XBRL reporting, indicating a focus on regulatory compliance.)

IoT

Internet of Things, a network of physical devices, vehicles, home appliances, and other items embedded with electronics, software, sensors, actuators, and connectivity which enables these objects to connect and exchange data. (The company is developing proprietary IoT-based data cleansing and optimization APIs, which are central to its future revenue strategy.)

SaaS

Software as a Service, a software distribution model in which a third-party provider hosts applications and makes them available to customers over the Internet. (ISI is developing SaaS versions of its products, expected in Q4 2025, which is a key part of its commercialization plan.)

API

Application Programming Interface, a set of definitions and protocols for building and integrating application software. (The company's core products are proprietary IoT-based data cleansing and optimization APIs (DataClenz API and IoTIMAX API).)

Deferred Compensation

Compensation that is earned by an employee in one period but paid in a future period. In this context, it appears as a significant asset on the balance sheet. (A substantial increase in deferred compensation to $594,462 drove the significant increase in total assets, which warrants further investigation into its nature and realizability.)

Accumulated Deficit

The cumulative net losses of a company that have not been offset by net income. (The company has a significant accumulated deficit of $1,083,131, underscoring its history of unprofitability.)

ICT

Information and Communications Technology, refers to the infrastructure and components that enable the present day computing and communications functions. (ISI operates as a diversified ICT company, offering services in telecommunication, IoT, cloud, and data centers.)

Year-Over-Year Comparison

Compared to the prior year's nine-month period ended September 30, 2024, Internet Sciences Inc. has experienced a dramatic downturn. Revenue has plummeted from $686,165 to $0, and the company has shifted from a net income of $29,264 to a net loss of $79,139. While total assets have surged due to a large increase in deferred compensation, cash reserves have significantly dwindled from $52,544 to $8,658, indicating a precarious financial position.

Filing Documents

• insi_10aq.htm (10-Q/A) — 483KB
• insi_ex311.htm (EX-31.1) — 12KB
• insi_ex312.htm (EX-31.2) — 12KB
• insi_ex321.htm (EX-32.1) — 4KB
• insi_ex322.htm (EX-32.2) — 5KB
• 0001477932-25-008423.txt ( ) — 2414KB
• insi-20250930.xsd (EX-101.SCH) — 26KB
• insi-20250930_lab.xml (EX-101.LAB) — 138KB
• insi-20250930_cal.xml (EX-101.CAL) — 26KB
• insi-20250930_pre.xml (EX-101.PRE) — 109KB
• insi-20250930_def.xml (EX-101.DEF) — 41KB
• insi_10aq_htm.xml (XML) — 344KB

—FINANCIAL INFORMATION

PART I—FINANCIAL INFORMATION Item 1.

Financial Statements

Financial Statements. 4 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations. 20 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk. 22 Item 4.

Controls and Procedures

Controls and Procedures. 22 PART—II OTHER INFORMATION Item 1. Legal Proceedings. 23 Item 1A. Risk Factors. 23 Item 2. Unregistered Sales of Securities and Use of Proceeds. 23 Item 3. Defaults Upon Senior Securities. 23 Item 4. Mine Safety Disclosure. 23 Item 5. Other Information. 23 Item 6. Exhibits 24

Signatures

Signatures 25 3 Table of Contents

—FINANCIAL INFORMATION

PART I—FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements. Internet Sciences Inc. Consolidated Balance Sheets (Unaudited) September 30, December 31, 2025 2024 ASSETS Current Assets Cash $ 8,658 $ 52,544 Total Current Assets 8,658 52,544 Intellectual property – software 24,000 24,000 Deferred Compensation 594,462 - Total Long-Term Assets 618,462 24,000 Total Assets $ 627,120 $ 76,544 Liabilities and Stockholders' Deficit Current Liabilities Accounts payable and accrued liabilities $ 117,682 $ 101,225 Due to related party 470 74 Total Current Liabilities 118,152 101,299 Deferred Compensation Liabilities 87,360 18,000 Total Liabilities 205,512 119,299 Stockholders' Deficit Common Stock, $ 0.001 par value 100,000,000 authorized, Common Stock, 23,943,500 and 22,650,200 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively 23,944 22,650 Additional paid-in capital 1,480,795 938,586 Accumulated deficit ( 1,083,131 ) ( 1,003,991 ) Total stockholders' Equity 421,608 ( 42,755 ) TOTAL Liabilities and Stockholders' Equity $ 627,120 $ 76,544 See accompanying notes to consolidated financial statements (unaudited) 4 Table of Contents Internet Sciences Inc. Consolidated Statements of Operations and Comprehensive Loss (Unaudited) For the Three Months Ended For the N ine Months Ended September 30, September 30, 2025 2024 2025 2024 Revenue 0 0 0 686,165 Cost of Sales 0 0 580,486 Gross Profit 0 ( 850 ) 0 105,679 Operating Expenses 3,382 16,839 23,977 18,498 Professional Fees 29,860 1,500 55,313 11,000 Compensation 23,463 ( 26 ) 47,088 Total Operating Expenses 33,242 41,802 79,265 76,586 Operating Income (Loss) ( 33,242 ) ( 42,652 ) ( 79,265 ) 29,092 Other Income (Expense) 171 126 171 Net gain (loss) before taxes ( 33,242 ) ( 42,481 ) ( 79,139 ) 29,264 Income Tax Pro

Notes to Consolidated Financial Statements

Notes to Consolidated Financial Statements For the Nine months ended September 30, 2025 (Unaudited) NOTE 1 – NATURE OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Business The Company was incorporated under the laws of the State of Delaware on May 20, 2016 as Luxury Trine Digital Media Group Inc. and subsequently changed its name to Internet Sciences Inc. on October 5, 2018. The Company has two wholly owned subsidiaries, Institute of Technology Informatics & Computer Analytics LLC, a New York limited liability company organized in September 2014 (" IoTICA "), and Analygence Limited, incorporated in the United Kingdom in April 2020. The Company is an early-stage emerging diversified information and communications technology company specializing in cutting-edge digital transformation services, including telecommunication and network carrier services; IoT-enabled solutions; and managed ICT, managed cloud services, data centers and co-location services. See " Business of the Company ". CORPORATE STRUCTURE The Company was incorporated under the laws of the State of Delaware on May 20, 2016. The head office is located at 1330 Avenue of Americas, 23rd Floor, New York, NY 10019 and its registered agent office in the State of Delaware is 8 The Green, Suite A, Dover, Delaware 19901. BUSINESS OF THE COMPANY General Description of the Business The Company is an early-stage emerging diversified information and communications technology company specializing in cutting-edge digital transformation services, including telecommunication and network carrier services; IoT-enabled solutions; and managed ICT, managed cloud services, data centers and co-location services. Based in New York, N.Y., the Company seeks to operate internationally with a global team known for its technological expertise, deep industry knowledge, world-class research and analytical capabilities, and innovative mindset. Throughout the discussion below, note that the foll

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View this 10-Q/A filing on SEC EDGAR