Made in USA Inc. announced the resignation of its President, Steven K. Sprague, effective October 27, 2025. The Board of Directors accepted his resignation on that date.
The company did not appoint a replacement for the President role. Adam Reiser remains as Chief Executive Officer & Chairman, as reflected in the filing’s signature block.
Made in USA Inc. (ALXY) filed its quarterly report for the period ended August 31, 2025. The company reported three-month revenue of $24,460, up from $10,611 a year ago, and posted net income of $8,665 versus a prior-year net loss. For the six-month period, revenue was $35,936 with a net loss of $22,861 compared to a $21,768 loss in the prior year.
Liquidity remains tight: cash was $0 as of August 31, 2025, while total liabilities dropped to $1,722 from $111,064, reflecting a $117,393 related‑party loan conversion to additional paid-in capital. Shareholders’ equity rose to $99,932. The company executed a cancellation of 3,000,000 restricted shares, reducing outstanding common shares from 6,695,000 to 3,695,000 as of August 31, 2025. Management disclosed substantial doubt about continuing as a going concern. Disclosure controls and procedures were deemed not effective. The business plan has shifted post-change in control toward reshoring and product authenticity technology built on blockchain, AI, and IoT.