0001214659-26-001924
SEC filingPublic Company Management Corp. (PCMC) reported a net loss of $17K for Q1 2026 (period ending December 31, 2025), driven by a loss from operations of $16K. The company generated no revenue during the quarter, with total operating expenses of $16K consisting entirely of general and administrative expenses. The balance sheet shows total assets of $257K, primarily comprised of cash ($72K), deposits ($20K), and a note receivable ($165K). However, the company faces a stockholders' deficit of $224K, with total liabilities of $481K significantly exceeding total assets. Cash flow was negative across operating and investing activities, with net cash used in operating activities of $33K and net cash used in investing activities of $130K, leading to a net decrease in cash of $163K. The company's financial position remains challenging with no revenue generation and continued reliance on related-party financing.
Public Company Management Corp. (PCMC) reported financial results for Q1 2026 (period ending December 31, 2025) showing continued challenges. The company recorded a net loss of $17K, with no revenue generated during the quarter. Operating performance showed a loss from operations of $16K, driven entirely by general and administrative expenses of $16K. The company reported interest income of $2K and interest expense of $3K, resulting in total other expense of $673. Basic and diluted income per share were both $0 for the quarter. Weighted average shares outstanding were 34.3 million for both basic and diluted calculations. The company's financial position reflects ongoing difficulties with no revenue generation and continued operating losses.
No revenue was generated during Q1 2026. The company's income statement shows no revenue line items, and the XBRL data indicates 'N/A' for revenues. The document content confirms the absence of revenue generation during the period. Without revenue streams, the company's financial performance is entirely dependent on managing expenses and other income sources. The lack of revenue generation represents a significant challenge for the company's sustainability and growth prospects.
Profitability metrics reflect the company's challenging position. With no revenue generated, gross margin and operating margin calculations are not applicable. The company reported a loss from operations of $16K, representing 100% of operating expenses since there was no offsetting revenue. The cost structure consists entirely of general and administrative expenses totaling $16K. Net loss of $17K represents the combined effect of operating losses and net other expenses. The absence of revenue makes traditional margin analysis impossible, highlighting the company's fundamental challenge of establishing revenue-generating operations.
Cash flow was negative across multiple activities. Net cash used in operating activities was $33K, primarily driven by the net loss of $17K, with adjustments including loan interest receivable of $2K, deposits decrease of $20K, accounts payable increase of $4K, and accrued interest payable increase of $3K. Investing activities used $130K in cash related to note receivable. The balance sheet shows total assets of $257K, including cash of $72K, deposits of $20K, and note receivable of $165K. Total liabilities of $481K significantly exceed assets, resulting in stockholders' deficit of $224K. Current liabilities of $481K include accounts payable and accrued expenses of $29K, related-party accounts payable of $5K, accrued interest payable to related parties of $97K, and note payable to related parties of $350K.
The filing does not provide specific management guidance, strategic priorities, or forward-looking statements about future performance. No outlook information is disclosed in the provided document content or XBRL data. The company's financial statements show continued challenges with no revenue generation, operating losses, negative cash flow, and a stockholders' deficit position. The reliance on related-party financing, as evidenced by $350K in related-party notes payable and $97K in related-party accrued interest payable, suggests ongoing support from affiliated entities. Without disclosed guidance, investors must rely on the current financial position which indicates significant challenges requiring substantial operational improvements.