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Ankam, Inc. reported a sharp deterioration for the quarter and six months ended May 31, 2026. Six‑month revenue fell to $44,900 from $240,000 a year earlier, while total operating expenses rose to $301,577, driving a net loss of $256,592 versus prior‑year net profit of $45,106.
At May 31, 2026, the company had cash of $6,330 and total assets of $31,880 against total liabilities of $679,733, including $489,380 due to its director, resulting in stockholders’ deficit of $647,853. Management states that recurring losses, negative working capital and dependence on financing raise substantial doubt about continuing as a going concern and plans to seek additional equity capital and higher revenues.
Most expenses and losses came from Hong Kong subsidiary Mei Sheng, while capitalized software for the Apex service represents most assets. Disclosure controls and procedures were concluded to be not effective, although no material legal proceedings or off‑balance sheet arrangements are reported.
ANKAM, INC. submitted a Notification of Late Filing under Rule 12b-25. The company states that, due to unforeseen events, it could not complete its Quarterly Report on Form 10-Q for the period ended May 31, 2026 without unreasonable effort and expense.
Ankam, Inc. reported a net loss of $203,118 for the three months ended February 28, 2026, with no revenue, compared with revenue of $75,000 and a net loss of $10,581 a year earlier. Operating expenses rose sharply to $203,220, driven mainly by $150,000 of professional fees and server and amortization costs.
Cash fell to $1,794 against total liabilities of $634,844, including $475,970 due to the sole director, resulting in a stockholders’ deficit of $594,379 and an accumulated deficit of $768,009. Management highlights substantial doubt about the Company’s ability to continue as a going concern without additional capital.
ANKAM, Inc. submitted a Form 12b-25 notifying the SEC that it could not complete its Quarterly Report on Form 10-Q for the period ending February 28, 2026 due to events described as unforeseen, making completion "without an unreasonable effort and expense" impracticable.
Ankam, Inc. director Lau Pak Kin Patric filed an initial Form 3, which is a required statement of beneficial ownership for insiders. This filing shows no reported transactions and no specific share holdings or derivative positions in the data provided.
Ankam, Inc. director Huang Yu Liang has filed an initial ownership report showing a position in the company’s common stock. The filing reports direct ownership of 104,500 shares of Common Stock as of February 13, 2026, with no buy or sell transaction disclosed in this entry.
Ankam, Inc. director Wang Sheng-Horng has filed an initial Form 3 showing his current equity position in the company. The filing reports direct ownership of 104,500 shares of Ankam common stock. This is a disclosure of existing holdings rather than a new purchase or sale.
ANKAM INC. entered into a non-binding Memorandum of Understanding with Taiwan-based TRUST & ETHIC CO., LTD. to build a strategic partnership and outline a framework for a potential future acquisition of T&E Global’s parent company. ANKAM plans to form a Taiwan subsidiary and may appoint President and CEO Wang Wen Lung as its Representative to manage and support T&E Global’s overseas operations. Because Mr. Wang would have roles with both ANKAM and the new subsidiary interfacing with T&E Global, the arrangement is treated as a related party transaction. ANKAM’s board, acting through independent directors and with Mr. Wang recusing himself, determined the MOU was negotiated on an arm’s-length basis and is fair and in the best interests of shareholders. The MOU is explicitly described as non-binding, with any acquisition or integration dependent on future performance metrics, definitive agreements, and required approvals.
Ankam, Inc. reports full-year results for the year ended November 30, 2025, with revenue rising to $325,000 from $104,450, driven entirely by its Hong Kong subsidiary Mei Sheng’s software marketing and sales services in Asia.
Operating expenses fell to $242,292 from $395,604 as director fees, server and development costs declined, narrowing the net loss to $67,152 from $136,846. Despite this progress, the company remains small and highly leveraged, with total assets of $183,552 against liabilities of $574,813 and a stockholders’ deficit of $391,261.
The auditor highlighted substantial doubt about Ankam’s ability to continue as a going concern, citing an accumulated deficit of $564,891 and reliance on additional investment capital and related-party funding from its director, who is owed $447,418. During the year, Ankam also consolidated its strategic shift toward Asia through Mei Sheng’s launch and continued development of its mobile applications and crypto-focused subscription service.
ANKAM, Inc. notified the SEC that it cannot timely file its Annual Report on Form 10-K for the fiscal year ended November 30, 2025 by the prescribed deadline of March 2, 2026. The company attributes the delay to "unforeseen and significant delays encountered in the auditing process," citing that completing the Report by the due date would require "unreasonable effort or expense."