Birdie Win Corporation reported a weak quarter, as its small financial literacy seminar business generated only $10,000 in revenue for the six months ended January 31, 2026, down from $20,000 a year earlier. The company swung from a modest prior-period profit to a net loss of $16,524, driven mainly by higher general and administrative and consultancy expenses.
At period-end, Birdie Win had just $722 in cash, total assets of $16,046, and current liabilities of $18,200, resulting in negative stockholders’ equity of $2,154. Management discloses substantial doubt about the company’s ability to continue as a going concern and expects to rely on shareholder and director support, including a $15,500 advance from a director.
Revenue is highly concentrated, with two customers accounting for 100% of sales in the six-month period and one customer owing $5,000 of accounts receivable. Management also reports material weaknesses in internal control over financial reporting, including lack of an effective audit committee and inadequate segregation of duties.
Birdie Win Corporation reports unaudited results for the quarter ended October 31, 2025, showing a small advisory business with limited resources and ongoing losses. Revenue was $5,000, down from $10,000 a year earlier, all from a single financial literacy seminar for one customer. Operating expenses rose to $13,247, driven mainly by audit, consulting and professional fees, resulting in a net loss of $8,247.
Cash and cash equivalents were only $2,565, with total assets of $14,123 and total liabilities of $8,000, including $5,300 advanced by a director. The accumulated deficit reached $83,442, and management states there is substantial doubt about the company’s ability to continue as a going concern, expecting support from a shareholder. One customer accounted for 100% of quarterly revenue. Management also concludes that disclosure controls and internal control over financial reporting were not effective due to material weaknesses, including lack of an effective audit committee and inadequate segregation of duties.
Birdie Win Corp (BRWC) filed a Form 10-K summarizing a small, loss-making financial services operation with limited assets and shareholder support. The company reported $19,570 in total assets and an accumulated deficit of $75,195, and recorded a net loss of $17,299 for the year ended July 31, 2025, which the filing says raises substantial doubt about its ability to continue as a going concern. Management expects to rely on future revenue and continuing shareholder support for financing.
The filing discloses governance changes: on June 05, 2025 a director resigned while remaining Treasurer, and the board appointed Shiyong Zhao as CEO and Chairman and added Fengjun Wang and Yidong Bao as directors. The company issued 960,000 common shares as consideration for consulting/services totaling $24,000, and recorded related-party debt forgiveness of $7,965 as a capital contribution. Deferred tax assets related to net operating losses of $75,195 carry a full valuation allowance of $15,791. Common shares outstanding increased to 6,720,000.