Here are the 10-Q quarterly 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-Q covers the quarterly report filed between annual reports, 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. (GPOX) reported revenue of $1,295,507 and a net loss of $784,715 for the three months ended July 31, 2026. Revenue was $1,302,172 a year earlier; gross profit was $298,163 versus $376,298, and net loss was $694,843.
Cash was $56,210 and the working capital deficit was $7,154,216 as of July 31, 2026. Management said losses and funding needs raise substantial doubt about the company’s ability to continue as a going concern. Disclosure controls were ineffective because the sole officer and director reviews, approves and records transactions without independent review.
After quarter-end, GPO Plus completed its September 10, 2026 acquisition of ClearLine and GPOX Wireless assets from SurgePays for $27,500,000, payable solely in 25,000,000 Series D Preferred shares. SurgePays has a put right to sell those shares or conversion shares to Emerald Shoals for $27,500,000; GPO Plus must issue Emerald five-year warrants for 15,000,000 common shares at $0.05, $0.15 and $0.25. On September 1, 2026, it issued 4,000,000 Series A-1 preferred shares to Brett H. Pojunis, its Chief Executive Officer and sole director; each carries 100 votes and converts into one common share.
GPO Plus, Inc. reports higher sales but deepening losses and mounting leverage for the quarter and nine months ended January 31, 2026. Revenue for the nine months rose to $4.07 million from $3.63 million, lifting gross profit to $1.07 million from $0.83 million, driven by greater product availability.
Despite this growth, operating expenses climbed to $2.56 million, and interest and related costs pushed the nine‑month net loss to $2.02 million, up from $1.58 million. The balance sheet remains weak, with total assets of $0.65 million against liabilities of $6.97 million, resulting in a stockholders’ deficit of $8.24 million and minimal cash of $17,897.
The company is funding operations largely through short‑term promissory notes, with $3.47 million of such debt outstanding at January 31, 2026, accruing interest around 10% plus discounts and sometimes repaid or extended with stock. Management discloses a cumulative deficit of $45.80 million and explicitly states that these conditions raise substantial doubt about GPO Plus’s ability to continue as a going concern.
GPO Plus, Inc. (GPOX) reported higher sales but continued losses for the quarter ended October 31, 2025. Quarterly revenues rose to $1,569,108 from $1,189,151, and six‑month revenues increased to $2,871,280 from $2,396,892, lifting gross profit to $747,441 over six months. However, operating expenses of $1,665,993 for the six months drove a net loss of $1,275,550, similar to the prior year’s loss.
The balance sheet remains highly stressed: total assets were $778,470 against total liabilities of $6,430,283, resulting in a stockholders’ deficit of $7,568,967. Cash fell sharply to just $37,901 from $336,249 at April 30, 2025, while promissory notes payable (net of discount) totaled $3,121,703. Management discloses a cumulative deficit of $45,050,916 and explicitly states there is “substantial doubt” about the company’s ability to continue as a going concern without additional capital.
GPO Plus, Inc. reported first quarter results for the period ended July 31, 2025. Revenue was $1,302,172, up from $1,207,741 a year ago, with gross profit improving to $376,298 from $261,747. Operating loss narrowed to $423,850 from $485,202, but the company posted a net loss of $694,843 versus $586,709.
The balance sheet remains highly leveraged. Total assets were $894,399 against total liabilities of $6,045,628, resulting in a stockholders’ deficit of $7,068,383. Cash declined to $138,135 from $336,249, and operating cash outflow was $434,234. The company disclosed substantial doubt about its ability to continue as a going concern.
Debt activity was significant: promissory notes totaled $2,862,303 (net), including $304,205 of new notes (proceeds $261,500). Accrued interest was $453,845. Finance lease liabilities rose to $152,764 (current) and $316,236 (non-current). The company issued common shares for loan inducements, extensions, note conversions, repayments, and services, bringing common shares outstanding to 84,683,256 as of July 31, 2025. Sales concentration remained high, with two customers contributing 88% and 11% of quarterly sales.