Here are the 10-K annual reports from GPO Plus Inc (GPOX) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow GPOX 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 GPOX filings page.
GPO Plus, Inc. reported higher revenues while remaining deeply loss-making and capital constrained. For the year ended April 30, 2026, revenue was $5,512,066, up from $4,744,856, and gross profit was $1,414,134. The net loss narrowed to $2,420,890 from $4,335,319, mainly due to lower stock-based compensation, reduced professional fees, and lower interest expense.
The balance sheet is highly leveraged. At April 30, 2026, the company had cash of $7,506, current assets of $74,206, and current liabilities of $6,699,547, resulting in a working capital deficit of $6,625,341. Promissory notes payable (net) were $3,747,081, and stockholders’ deficit was $8,316,393. Operations used $1,410,464 of cash, funded primarily by $1,334,500 of new promissory notes.
The auditor highlighted substantial doubt about GPO Plus’s ability to continue as a going concern, citing recurring losses, accumulated deficit of $46,196,256, and net capital deficiency. Management estimates it will need about $3,700,000 over the next 12 months and expects to seek additional equity and debt financing, which could further dilute shareholders. The business focuses on a technology-driven Direct Store Delivery distribution model serving convenience stores and gas stations, with one customer representing 92% of 2026 sales.