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Intl Luxury Products (ILXP) 10-Q Filings

ILXP OTC

Here are the 10-Q quarterly reports from Intl Luxury Products Inc (ILXP) 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 ILXP 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 ILXP filings page.

Rhea-AI Summary

Ecominas Corp, an early-stage mining services and mineral-processing company, reported no revenue for the three and six months ended June 30, 2026 and a net loss of $20,602 for the quarter and $54,290 for the first half, compared with losses of $5,778 and $18,756 a year earlier.

At June 30, 2026, the company had $766 in cash, current liabilities of $484,117 and a stockholders’ deficit of $483,351, with an accumulated deficit of $5,509,482. Management states these conditions raise substantial doubt about its ability to continue as a going concern and notes reliance on demand notes payable, including $163,710 at 10% interest to a single lender and $68,785 in related-party notes at 0% interest.

The business remained pre-revenue, focused on developing its mining-services model and an Asset Purchase Agreement that had not closed by June 30. Subsequent to quarter-end, Ecominas completed a 1-for-500 reverse stock split, issued 36,000,000 and 12,000,000 restricted common shares to two executives (bringing total common shares to 48,215,467), and closed an amended asset purchase by issuing 700,000 Series A preferred shares for technology and real-property interests.

Rhea-AI Summary

Ecominas Corp reported no revenue for the quarter ended March 31, 2026 and remains pre‑revenue. Operating expenses rose to $30,835, mainly from higher professional and accounting fees, leading to a net loss of $33,688 versus $12,978 a year earlier.

The balance sheet shows no assets and total liabilities of $462,749, resulting in an accumulated deficit of $5,488,880 and a working capital deficit of $462,749. The company funded operations through new promissory notes, including $35,124 issued during the quarter at a 10% interest rate, all due on demand.

Management states that these losses and deficits raise “substantial doubt” about the company’s ability to continue as a going concern and that continued operations depend on securing new financing, which is not yet committed. Internal control over financial reporting and disclosure controls were evaluated as not effective due to limited resources, lack of segregation of duties, and the absence of an audit committee.