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Fyntechnical Innovations Inc. filings document the company’s public-reporting status following its name and symbol change from SMC Entertainment. Its Form 12b-25 notices address delayed Form 10-Q and Form 10-K reporting, registrant identification, former-name disclosure, and the company’s stated need for additional time to compile financial information for periodic reports.
Fyntechnical Innovations, Inc. submitted a Rule 12b-25 notification stating its Form 10-K for the period ended December 31, 2025 could not be filed on time because the company was unable to compile required financial information without "unreasonable effort or expense." The company expects to file within the statutory extension period and the notice is signed by CEO Erik Blum on March 31, 2026.
Fyntechnical Innovations Inc. reported unaudited Q3 2025 results showing a sharp accounting turnaround driven by debt-related gains rather than core operations. For the nine months ended September 30, 2025, the company recorded net income of $6.33 million, compared with a net loss of $8.77 million a year earlier, largely due to an $8.45 million gain on extinguishment of debt and fair value changes on derivatives. Revenue remains very small at $77,302 for the nine-month period, all tied to management fees from newly acquired Bateau Asset Management.
Total assets were $191,105 at September 30, 2025, versus liabilities of $4.33 million, leaving a stockholders’ deficit of $4.14 million, improved from a deficit of $11.00 million at December 31, 2024 after large debt conversions to equity and the cancellation of an $8.0 million ChainTrade note. Common shares outstanding rose to 2,236,022,389 from 1,352,951,483, and there are billions of additional potentially dilutive shares from preferred stock and convertible debt. The company discloses substantial doubt about its ability to continue as a going concern, noting recurring losses, an accumulated deficit of $19.89 million, minimal cash of $15,576, and ongoing reliance on external financing.
Fyntechnical Innovations Inc, formerly known as SMC Entertainment Inc, filed a Form 12b-25 (NT 10-Q) to notify that its quarterly report on Form 10-Q for the period ended September 30, 2025 will not be filed by the original deadline. The company indicates, by referencing Part II(a), that the delay could not be eliminated without unreasonable effort or expense under Rule 12b-25 of the Securities Exchange Act of 1934.
Fyntechnical Innovations Inc. (FYNN) reports several material acquisitions and financing arrangements that reshape equity and liabilities. The company closed the Bateau acquisition on January 9, 2025, issuing 14,000,000 Series C Preferred shares and two convertible promissory notes of $1,000,000 each that bear 5% interest and convert at $1.00 per common share. The company purchased ChainTrade's AI trading platform for an $8,000,000 convertible promissory note (18 months, 5% interest) convertible at $1.00 per share and committed $500,000 total working capital, with $30,000 paid in the first tranche.
The filing discloses extensive convertible securities and preferred series: Series B (2,500,000 shares, $10 stated), Series C (14,000,000 shares, stated $1, fair value noted as $26,600), Series D with conversion terms and an agreed conversion floor of $0.015 per share. Management recorded notes at a low stated fair value and recognized a $1,996,200 debt discount related to Bateau notes, with $772,012 amortized to interest expense through June 30, 2025. Potentially dilutive convertible instruments total 1,148,961,183 shares, although dilution effects may be anti-dilutive given reported losses.