Welcome to our dedicated page for BALTIC INTERNATIONAL USA SEC filings (Ticker: BISA), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Our SEC filing database is enhanced with expert analysis from Rhea-AI, providing insights into the potential impact of each filing on BALTIC INTERNATIONAL USA's stock performance. Each filing includes a concise AI-generated summary, sentiment and impact scores, and end-of-day stock performance data showing the actual market reaction. Navigate easily through different filing types including 10-K annual reports, 10-Q quarterly reports, 8-K current reports, proxy statements (DEF 14A), and Form 4 insider trading disclosures.
Designed for fundamental investors and regulatory compliance professionals, our page simplifies access to critical SEC filings. By combining real-time EDGAR feed updates, Rhea-AI's analytical insights, and historical stock performance data, we provide comprehensive visibility into BALTIC INTERNATIONAL USA's regulatory disclosures and financial reporting.
Baltic International USA, Inc. (BISA) reports that as of June 30, 2026 it had total assets of $2,976, all in cash, against total liabilities of $5,272,436, resulting in a shareholders’ deficit of $5,269,460. The company has incurred cumulative losses, with an accumulated deficit of $19,230,708, and continues to operate with a working capital deficit of $5,269,460.
The company does not currently generate positive cash flow and is focused on identifying and potentially acquiring a target business seeking the advantages of being publicly held. Management plans to fund ongoing reporting costs and acquisition search activities using existing cash and additional financing from officers, directors and investors, and by deferring certain payables. However, the company states there is substantial doubt about its ability to continue as a going concern. Its Chief Executive Officer and Chief Financial Officer concluded that disclosure controls and procedures were not effective due to inadequate resources, although no significant changes in internal control over financial reporting occurred during the quarter.
Baltic International USA, Inc. reports that for the quarter ended March 31, 2026 it had no revenues and a net loss of $6,293, similar to the prior year period. General and administrative expense was $3,906 and interest expense was $2,387.
The company had total assets of $2,976, all in cash, against total liabilities of $5,226,640, resulting in a shareholders’ deficit of $5,223,664. This includes dividends payable of $4,536,684, short-term debt to officers and directors of $69,481, and an accumulated deficit of $19,184,912. Management discloses a working capital deficit of $5,223,664 and states there is substantial doubt about the company’s ability to continue as a going concern, relying on possible support from officers, directors, and investors.
The company describes itself as seeking to acquire a target business to gain the advantages of being publicly held, and it does not currently generate positive cash flows. Management expects to fund ongoing reporting costs and any transaction work through existing cash and potential financing. The Chief Executive Officer and Chief Financial Officer concluded that disclosure controls and procedures were not effective due to a lack of adequate resources, although no significant changes in internal control over financial reporting occurred during the quarter.
Baltic International USA, Inc. (BISA) is a Texas-based SEC-reporting shell company with no operations or revenues since March 2003. The stated strategy is to use its public company status to acquire or merge with a private operating business in any industry or geography to pursue long-term growth.
The company has very limited resources and significant obligations. At December 31, 2025, cash was $2,976, working capital deficit was $5,177,991, and accumulated deficit was $19,139,239. Current liabilities include $4,497,304 in dividends payable on preferred stock and $69,481 of 13% demand debt owed to officers and directors. Net loss for 2025 was $25,306, with no revenues and minimal operating expenses.
Management discloses substantial doubt about the company’s ability to continue as a going concern, noting dependence on additional financing and the willingness of insiders and creditors to defer payments. Disclosure controls and procedures were deemed not effective due to limited resources. Baltic qualifies as an “inactive entity,” so its 2025 and 2024 financial statements are unaudited. Common stock trades over-the-counter on the Pink Sheets.
Baltic International USA, Inc. filed its quarterly report, showing it remains essentially a shell company with minimal operations and a focus on finding a private business to acquire. At September 30, 2025, it reported cash and total assets of $2,976 and a working capital deficit of $5,132,073, reflecting current liabilities of $4,951,743 far exceeding current assets. Total liabilities were $5,135,049, including $4,457,732 in dividends payable on preferred stock and $69,481 of short-term debt to officers and directors, against a total shareholders’ deficit of $5,132,073 and an accumulated deficit of $19,093,321. The company recorded a small net loss of $18,960 for the nine months ended September 30, 2025, with no net cash used in operating activities as payables increased. Management discloses limited cash resources, obligations due or past due, and states there is substantial doubt about the company’s ability to continue as a going concern. The plan for the next 12 months is to fund reporting and deal-search costs from existing cash and potential loans or investments from officers, directors, stockholders, and other investors, while seeking a business combination. The Chief Executive and Chief Financial Officer concluded the company’s disclosure controls and procedures were not effective due to a lack of adequate resources.