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FAMILY OFFICE OF AMERICA 10-Q Filings

FOFA OTC

Every 10-Q that FAMILY OFFICE OF AMERICA (FOFA) 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 FOFA 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 FOFA filings page.

Rhea-AI Summary

Family Office of America, Inc. reported its first meaningful operating activity for the six months ended June 30, 2026, driven by acquisitions of accounting practices. Net revenues were $1,315,800, compared with no revenue in the prior-year period, producing income from operations of $120,333 and net profit of $138,643 for the six months.

For the quarter, revenue was $532,674 and the company recorded a net loss of $125,146. Total assets increased to $2,651,813, including $529,250 of intangible assets and $999,170 of goodwill, and cash rose to $636,887. The company closed the $363,570 Benson Family Office asset purchase and continues to account for the earlier $1,500,000 Toone & Associates asset deal, both with contingent purchase-price adjustments based on revenue and EBITDA.

Management discloses a working capital deficit of $397,534 at June 30, 2026, significant related-party payables, and limited operating history, and states that these conditions raise substantial doubt about the company’s ability to continue as a going concern. The plan to address this relies on expanding revenues and raising additional capital through private offerings.

Rhea-AI Summary

Family Office of America, Inc. reported its first meaningful operating quarter as a family-office and non-attest accounting platform for the three months ended March 31, 2026. Net revenue reached $783,126, compared with no revenue a year earlier, driven by acquired practices Toone & Associates and Benson Family Office.

The Company generated net profit of $263,789, versus a net loss of $103,321 in the prior-year period, with basic and diluted earnings of $0.01 per share. Total assets increased to $2,261,043, including $583,167 of intangible assets and $999,170 of goodwill from recent acquisitions.

Cash rose to $343,220, and stockholders’ equity improved to $966,111. However, the Company still has an accumulated deficit of $4,759,751 and a working capital deficit of $118,603, and explicitly states that these factors raise substantial doubt about its ability to continue as a going concern, so further capital raises and successful integration of acquisitions remain critical.

Rhea-AI Summary

Family Office of America, Inc. (FOFA) reported Q3 2025 results with no revenue and a net loss of $50,944 for the quarter and $249,493 for the nine months ended September 30, 2025. Cash rose to $827,598 from $13,586 at year-end, driven by equity financing.

The company sold 9,150,000 common shares at $0.10 each for total proceeds of $915,000 under a Regulation D offering and converted $11,205 of debt and interest into 112,054 shares. Operating expenses were $257,955 year‑to‑date, including warrants for services and related-party stock-based compensation. Stockholders’ equity improved to $803,665, and 29,702,004 shares were outstanding as of November 14, 2025.

Subsequent to quarter‑end, FO Maryland agreed to acquire non‑attest accounting assets of Toone & Associates for $1,500,000, payable $750,000 at closing, $450,000 on October 1, 2026, and $300,000 on May 1, 2027, with revenue and EBITDA-based purchase price adjustments. A consulting agreement provides $216,000 per year for two years. The filing states substantial doubt about the company’s ability to continue as a going concern.