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Atlantis Glory Inc. (AGLY), a Nevada holding company now operating as a public shell, filed its annual report for the year ended December 31, 2025. The company has no active operations or revenue and is seeking a reverse merger or similar transaction to acquire an operating business.
AGLY reported a net loss of $39,199 in 2025, slightly improved from a $40,480 loss in 2024, driven mainly by professional and general administrative expenses. The balance sheet shows no assets, current liabilities of $210,628 (including $195,108 due to a related party), and an accumulated deficit of $1,146,407, resulting in a stockholders’ deficit of $210,628.
The independent auditor highlighted substantial doubt about AGLY’s ability to continue as a going concern due to recurring losses, negative working capital, and lack of cash. As of March 6, 2026, the company had 603,970,000 common shares outstanding; 10,000,000 Series A preferred shares carry conversion rights designed to represent 90% of the common stock on a fully converted basis, giving their holder effective control. Management plans to fund near-term costs through related-party loans and future equity or debt, but acknowledges that any reverse merger and financings are likely to be highly dilutive and may be difficult to complete.
Atlantis Glory Inc. (AGLY) filed its Q3 2025 report, showing no operating revenues and a small operating footprint focused on maintaining reporting status while seeking a business combination.
For the three months ended September 30, 2025, the company reported a net loss of $7,675. For the nine months ended September 30, 2025, the net loss was $23,854, driven by general and administrative expenses. Cash and cash equivalents were $0 as of September 30, 2025. Current liabilities totaled $195,283, including $187,333 of in‑demand loans from a related party. The accumulated deficit was $1,131,062. Management disclosed substantial doubt about the company’s ability to continue as a going concern.
Operating cash outflows for the nine months were $26,304, fully offset by related‑party financing of $26,304. The company remains dormant with no revenue and intends to pursue a reverse merger or similar transaction. Internal controls over financial reporting were deemed not effective due to limited personnel, lack of an independent board/audit committee, and absent written procedures. Common shares outstanding were 603,970,000 as of October 24, 2025.