0001640334-26-000297
SEC filingCaro Holdings Inc. reported a net loss of $64K for Q3 2026, with minimal revenue of $2K and total operating expenses of $37K. The company's operations generated a loss of $35K, while other expenses, primarily interest expense of $30K, contributed to the overall net loss. The balance sheet shows total assets of $444K, with significant liabilities of $1.8M leading to a stockholders' deficit of $1.3M. Cash flow from operations was negative $72K, but financing activities provided $82K, resulting in a net cash decrease of $14K for the quarter. The company's financial position remains challenging with high debt levels and limited revenue generation.
Caro Holdings Inc. reported a net loss of $64K for Q3 2026 (period ending December 31, 2025), with minimal revenue of only $2K. The company incurred operating expenses totaling $37K, including general and administration ($4K), professional fees ($10K), management consulting fees - related party ($14K), and amortization ($9K). This resulted in a loss from operations of $35K. Other expenses, primarily interest expense of $30K (partially offset by interest income of $1K and foreign exchange gain of $753), contributed to the total net loss. The company reported comprehensive loss of $64K, with net loss per common share of $0 and weighted average common shares outstanding of 37.2 million.
Revenue generation remains extremely limited at $2K for the quarter. No segment breakdown, geographic mix, or specific growth drivers are disclosed in the provided financial data. The company's primary business activities appear to be generating minimal income, with the majority of value coming from balance sheet items such as receivables and software assets rather than ongoing operations.
The company operates at a significant loss, with operating expenses ($37K) far exceeding revenue ($2K). No gross profit or gross margin figures are provided in the source data. The cost structure shows professional fees ($10K) and management consulting fees - related party ($14K) as the largest expense categories, followed by amortization ($9K). The company's profitability is further impacted by substantial interest expense of $30K, which represents a significant financial burden relative to the company's revenue and asset base.
Cash flow from operating activities was negative $72K, driven by net loss of $182K adjusted for non-cash items including amortization ($9K) and loss on convertible notes ($44K). Investing activities used $4K primarily for advancements on receivables. Financing activities provided $82K from proceeds of convertible notes issuance ($66K) and advancement to related party ($16K). The balance sheet shows total assets of $444K, including current assets of $259K (primarily deferred business acquisition cost of $162K and various receivables) and software assets of $184K. Total liabilities of $1.8M significantly exceed assets, with convertible notes payable representing $1.5M of this amount. Stockholders' deficit stands at $1.3M with accumulated deficit of $2.0M.
No specific management guidance, strategic priorities, or forward-looking statements are provided in the financial data. The company's financial position indicates significant challenges, including high debt levels, negative equity position, and minimal revenue generation. Risk factors would likely include the company's ability to service its substantial debt obligations, generate sufficient revenue to cover operating expenses, and achieve profitability given current financial metrics.