Every 10-Q that CONCRETE LEVELING SYS INC (CLEV) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow CLEV and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CLEV filings page.
Concrete Leveling Systems, Inc. reported a very small but higher level of sales while remaining deeply leveraged and unprofitable. For the nine months ended April 30, 2026, equipment, parts, and service sales rose to $55,940 from $483 a year earlier, mainly due to selling a leveling unit carried at zero cost and higher parts sales, lifting gross margin to $54,682.
Operating expenses increased to $66,310 from $41,840, driven largely by higher accounting, auditing, and related professional fees plus commissions, resulting in a net loss of $18,382, though this was narrower than the prior period’s $49,208 loss. Cash remained minimal at $1,121, while total liabilities of $662,850 far exceeded total assets of $22,819, leaving a stockholders’ deficit of $640,031.
Management again disclosed substantial doubt about the company’s ability to continue as a going concern, citing ongoing losses, negative working capital and dependence on related-party funding, including non‑interest‑bearing advances from Jericho, its proposed gaming and hospitality partner. Completion of the Jericho transaction, which is still in regulatory and financing review, could add a second business line but remains uncertain.
Concrete Leveling Systems, Inc. reported very small but positive results for the six months ended January 31, 2026, with revenue of $55,150 versus $308 a year earlier and net income of $862 compared with a prior net loss.
For the same six‑month period, operating expenses rose to $48,724, mainly from higher accounting, auditing and commissions, while interest expense was $4,503. Total assets were $41,943 and total liabilities were $662,730, leaving a stockholders’ deficit of $620,787.
Despite the small profit, the company discloses substantial doubt about its ability to continue as a going concern. Current liabilities exceed current assets by $621,820, operations rely heavily on non‑interest‑bearing advances of about $378,210 from merger partner Jericho, and cash had fallen to roughly $1,200 as of March 23, 2026, which management believes funds operations only through April 30, 2026.
The long‑pending gaming and hospitality transaction with Jericho remains subject to regulatory approval, final documentation and financing, and shares issued in that deal are still contingent. Management also notes previously identified material weaknesses in internal control over financial reporting; disclosure controls and procedures were considered not effective as of January 31, 2026.
Concrete Leveling Systems, Inc. reports a sharp turnaround for the three months ended October 31, 2025, driven by the sale of a complete leveling unit. Revenue rose to $55,000 from $183 a year earlier, producing net income of $16,679 versus a prior net loss of $24,803. Cash increased to $29,414 from $824, and net cash provided by operating activities was $28,590.
Despite this profitable quarter, the company remains highly leveraged, with total liabilities of $651,146 against assets of $46,176 and an accumulated deficit of $1,052,206. Management states there is substantial doubt about the company’s ability to continue as a going concern and notes that existing cash resources are only expected to fund operations through February 28, 2026. Operations are being supported by non‑interest‑bearing advances of approximately $384,879 from proposed merger partner Jericho Associates, Inc., while the gaming and hospitality project tied to that merger remains subject to regulatory review, final documentation, and financing. Disclosure controls and procedures are deemed not effective due to previously identified material weaknesses in internal control over financial reporting.