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Intelithrive posts $13.6K loss, flags going concern

Intelithrive narrowed losses after pivoting to an AI-focused incubator model but discloses substantial going-concern doubt amid a working capital deficit and new debt.

(Neutral)
(Neutral)
Form Type
1-SA

Rhea-AI Filing Summary

Intelithrive, Inc. (ITHR) reports its semiannual results for the six months ended June 30, 2026, after pivoting in 2025 from lithium-ion battery packs to a next-generation incubator focused on artificial intelligence, software-as-a-service and digital innovation. The company generated $5,000 in consulting revenue and reduced general and administrative expenses to $13,585 from $44,729 a year earlier, narrowing the net loss from continuing operations to $13,585 from $44,729.

Liquidity remains constrained: current assets were $9,717 (including $5,967 in cash) against total liabilities of $32,949, driven by $30,000 of new, unsecured, non-interest-bearing notes payable due December 31, 2028 and a working capital deficit of $23,232. Management discloses substantial doubt about Intelithrive’s ability to continue as a going concern and is seeking to raise up to $1,000,000 through a private placement of common stock.

Positive

  • Net loss from continuing operations improved to $13,585 from $44,729 year over year, reflecting sharply lower general and administrative expenses.
  • Revenue from the new business model began to appear, with $5,000 in consulting revenue for the six months ended June 30, 2026.

Negative

  • The company reports a working capital deficit of $23,232 at June 30, 2026 and total liabilities of $32,949 against $9,717 of assets.
  • Management states that recurring losses and negative cash flows from operations raise substantial doubt about Intelithrive’s ability to continue as a going concern.
  • Intelithrive added $30,000 of unsecured, non-interest-bearing notes payable due December 31, 2028, increasing leverage while operations remain unprofitable.

Filing Explained

At June 30, 2026, Intelithrive reported 10,240,000 common shares issued and outstanding, unchanged from December 31, 2025; the $30,000 financing recorded during the period was notes payable, so this filing does not report a new common-share issuance, while the planned private placement remains only a funding plan.

Revenue $5,000 For the six months ended June 30, 2026 from consulting services
General and administrative expenses $13,585 Six months ended June 30, 2026, down from $44,729 in 2025
Net loss from continuing operations $13,585 Six months ended June 30, 2026 vs. $44,729 in prior-year period
Cash balance $5,967 Cash as of June 30, 2026
Total liabilities $32,949 Liabilities as of June 30, 2026, including $30,000 notes payable
Working capital deficit $23,232 Deficit at June 30, 2026
Notes payable $30,000 Unsecured, non-interest-bearing notes due December 31, 2028
Target equity raise $1,000,000 Planned private placement of common stock to finance operations
going concern financial
"raise substantial doubt about its ability to continue as a going concern"
Going concern is the accounting assumption that a company will keep operating and meeting its obligations for the foreseeable future. The phrase matters most when a company or its auditors disclose substantial doubt about it, a formal warning that the business may not have enough resources to continue without raising money, restructuring, or selling assets. That language in a filing or press release signals elevated financial risk.
discontinued operations financial
"Net income from discontinued operations related to the lithium ion power"
Discontinued operations are parts of a company that it has decided to sell or shut down, and no longer plans to run in the future. This matters to investors because it helps them understand which parts of the business are ongoing and which are being phased out, providing a clearer picture of the company’s current performance and future prospects. Think of it like a store closing a department—it no longer contributes to sales or profits.
additional paid-in capital financial
"Additional paid-in capital | | | 356,460"
Amount of money shareholders have paid to a company for shares that is above the stock’s nominal or par value; think of it as the extra premium paid when a group buys a ticket that has a low listed price. It matters to investors because it represents permanent capital on the balance sheet that can cushion losses, affect book value per share and indicate how much fresh cash equity holders have contributed beyond the minimum share value.
fair value hierarchy financial
"It establishes a fair value hierarchy based on the level of independent"
Stock-Based Compensation financial
"Stock-Based Compensation Intelithrive records stock-based compensation"
Stock-based compensation is when a company pays employees, directors or consultants with shares or the right to buy shares instead of or in addition to cash. It matters to investors because issuing stock or options spreads ownership thinner (like cutting a pie into more slices), which can reduce each existing share’s claim on profits and can also change reported earnings; investors watch it to assess true cost of running the business and how management is incentivized.
Regulation A regulatory
"FORM 1- SEMIANNUAL REPORT PURSUANT TO REGULATION A for the fiscal"
Regulation A is a U.S. securities rule that lets smaller or growing companies offer shares to the public with simpler paperwork and lower costs than a full stock market listing, acting as a middle ground between private fundraising and a traditional public offering. For investors it matters because it opens access to early-stage opportunities that would otherwise be private, but these offerings can carry higher risk and different disclosure standards than large, fully listed companies.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What was Intelithrive (ITHR)’s revenue for the six months ended June 30, 2026?

Intelithrive reported $5,000 in revenue for the six months ended June 30, 2026, all from consulting related to its new AI-focused incubator business. For the comparable 2025 period, it reported $0 revenue from continuing operations.

Did Intelithrive (ITHR) report a profit or loss for the first half of 2026?

Intelithrive reported a net loss from continuing operations of $13,585 for the six months ended June 30, 2026, compared with a loss of $44,729 in the prior-year period. There was no income from discontinued operations in 2026.

What is Intelithrive (ITHR)’s liquidity position as of June 30, 2026?

As of June 30, 2026, Intelithrive had $5,967 in cash and total current assets of $9,717 versus total liabilities of $32,949. This resulted in a working capital deficit of $23,232 and a total stockholders’ deficit of $23,232.

Does Intelithrive (ITHR) have a going-concern warning?

Yes. Management states that accumulated losses and negative cash flows from operations raise substantial doubt about Intelithrive’s ability to continue as a going concern. The company plans to seek up to $1,000,000 through a private placement of common stock.

What new debt did Intelithrive (ITHR) incur during the first half of 2026?

In April 2026, Intelithrive entered into two $15,000 notes payable with an unrelated party, totaling $30,000. The notes are unsecured, non-interest-bearing, and are due on December 31, 2028.

What business pivot did Intelithrive (ITHR) complete before this semiannual period?

During June 2025, Intelithrive discontinued its lithium ion power pack assembly sales and pivoted to becoming a next-generation incubator focused on artificial intelligence, software-as-a-service and digital innovation.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 1-SA

SEMIANNUAL REPORT PURSUANT TO REGULATION A

 

for the fiscal semiannual period ended 6/30/2026

 

INTELITHRIVE INC.

Exact name of issuer as specified in the issuer’s charter

 

Wyoming 87-2595116
Jurisdiction of incorporation/organization I.R.S. Employer Identification Number

 

30 N. Gould St. Suite 64721
Sheridan, WY 82801

Address of principal executive offices

 

(307) 293-9108

Telephone number

 

 

 

 

Item 1. BUSINESS

 

Item 1. Management’s Discussion and Analysis of Financial Condition and Results of Operations. Forward-looking Statements

 

Statements made in this Quarterly Report which are not purely historical are forward-looking statements with respect to the goals, plan objectives, intentions, expectations, financial condition, results of operations, future performance and our business, including, without limitation, (i) our ability to raise capital, and (ii) statements preceded by, followed by or that include the words “may,” “would,” “could,” “should,” “expects,” “projects,” “anticipates,” “believes,” “estimates,” “plans,” “intends,” “targets” or similar expressions.

 

Forward-looking statements involve inherent risks and uncertainties, and important factors (many of which are beyond our control) that could cause actual results to differ materially from those set forth in the forward-looking statements, including the following, general economic or industry conditions, nationally and/or in the communities in which we may conduct business, changes in the interest rate environment, international gold prices, legislation or regulatory requirements, conditions of the securities markets, our ability to raise capital, changes in accounting principles, policies or guidelines, financial or political instability, acts of war or terrorism, other economic, competitive, governmental, regulatory and technical factors affecting our current or potential business and related matters.

 

Accordingly, results actually achieved may differ materially from expected results in these statements. Forward-looking statements speak only as of the date they are made. We do not undertake, and specifically disclaim, any obligation to update any forward-looking statements to reflect events or circumstances occurring after the date of such statements.

 

Overview

 

Intelithrive was incorporated August 31, 2021, to develop and build a prototype lithium-ion battery pack assembly for residential and small business commercial applications certified to industry standards. During June 2025, the Company discontinued its lithium ion power pack assembly sales and pivoted to becoming a next-generation incubator focused on artificial intelligence, software-as-a-service and digital innovation. Below is a summary of its new products. 

Vertical Intelligence Designing agent-first solutions that solve high-impact problems in focused, underserved markets.

Autonomous-First Architecture: Every product is built from the ground up with autonomous agents, adaptive memory, and real-time decision loops.

Launch-to-Scale Acceleration: From prototype to production, we enable rapid market entry with technical support and agent-native go-to-market playbooks.

Framework-Agnostic Support: Beyond these pillars, Intelithrive’ s ecosystem can integrate any additional agentic AI tools ensuring your startup has the flexibility to adopt the best innovations as they emerge.

 

Critical Accounting Policies

 

Our discussion and analysis of our financial condition and results of operations are based upon our financial statements, which have been prepared in accordance with accounting principles generally accepted in the United States. The preparation of these financial statements requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosures of contingent assets and liabilities. We continuously evaluate our critical accounting policies and estimates. We base our estimates on historical experience and on various assumptions that we believe to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ materially from these estimates under different assumptions or conditions.

 

We believe the following critical accounting policies are important to the portrayal of our financial condition and results of operations and require our management’s subjective or complex judgment because of the sensitivity of the methods, assumptions and estimates used in the preparation of our financial statements.

 

Revenue Recognition Policy

 

Intelithrive recognizes revenue in accordance with the provisions of Accounting Series Codification (“ASC”) 606, Revenue From Contracts With Customers (“ASC 606”), which provides guidance on the recognition, presentation, and disclosure of revenue in financial statements. ASC 606 outlines the basic criteria that must be met to recognize revenue and provides guidance for disclosure related to revenue recognition policies. In general, the Company recognizes revenue based on the allocation of the transaction price to each performance obligation as each performance obligation in a contract is satisfied.

1 

 

Stock-Based Compensation

 

Intelithrive records stock-based compensation using the fair value method. Equity instruments issued to employees and the cost of the services received as consideration are accounted for in accordance with ASC 718, Stock Compensation and are measured and recognized based on the fair value of the equity instruments issued. All transactions with non-employees in which goods or services are the consideration received for the issuance of equity instruments are accounted for in accordance with ASC 515, Equity-Based Payments to Non-Employees, based on the fair value of the consideration received or the fair value of the equity instrument issued, whichever is more reliably measurable.

 

Fair Value of Financial Instruments

 

ASC 820, Fair Value Measurements (“ASC 820”) and ASC 825, Financial Instruments (“ASC 825”), requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. It establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. It prioritizes the inputs into three levels that may be used to measure fair value:

Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.

Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data.

Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.

 

The carrying values of cash, prepaid expenses and accounts payable at June 30, 2025 approximate fair value due to their short term and liquid nature.

 

Results of Operations

 

For the Six Months Ended June 30, 2026 Compared to the Six Months Ended June 30, 2025

 

Operating Expenses

 

During the six months ended June 30, 202, we had $13,585 in general and administrative expenses. During the six months ended June 30, 2024, we had $44,729 in general and administrative expenses. The decrease of $31,144 is mainly due to a decrease in professional fees as well as other expenses resulting from the change in business direction.

 

Other Income and Expenses

 

We had no other income or expenses during the six months ended June 30, 2026. During the six months ended June 30, 2025, we had total other income of $727 from discontinued operations.

 

Net Loss from Operations

 

As a result of the above, we recognized net losses from continuing operations of ($13,585) and ($44,002) for the six months ended June 30, 2026 and 2025, respectively.

 

Net Income from Discontinued Operations

 

For the six months ended June 30, 2026, there was no Net income from discontinued operations. For the six months ended June 30, 2025, there was Net income from discontinued operations related to the lithium ion power pack assembly sales business totaled $727 for the six months ended June 30, 2025 and consisted of revenues of $49,190 and cost of sales of $48,463.

 

2 

 

Liquidity and Capital Resources of the Company

 

Assets

 

Current assets at June 30, 2026 totaled $9,717, which was comprised of $5,967 in cash and $3,750 in prepaid assets. Current assets at December 31, 2025 totaled $7,890, which was comprised of $390 in cash and $7,500 in prepaid assets.

 

Liabilities

 

Total liabilities were all current and consisted of accounts payable of $2,949 and $22,537 as of June 30, 2026 and December 31, 2025, respectively.

 

Changes in Cash Flows

 

Net Cash Used in Operating Activities

 

During the six months ended June 30, 2026, our operating activities used net cash of $24,423. Uses of cash were due to the $8,585 net loss, partially offset by a decrease in prepaid expenses of $3,750 and an large decrease in accounts payable of $19,588. During the six months ended June 30, 2025, our operating activities used net cash of $6,691. Uses of cash were mainly due to the $44,002 net loss, partially offset by a decrease in prepaid expenses of $34,550 and an increase in accounts payable of $2,761.

 

Net Cash Provided by and Used in Financing Activities

 

Net cash provided by financing activities was $30,000 and $50,000 during the six months ended June 30, 2026 and 2025, respectively, all due to proceeds from common stock issued for cash.

 

Working Capital

 

At June 30, 2026 and December 31, 2025, the Company had working capital deficit of 23,232 and $14,647, respectively. We continue to accumulate significant losses, but management expects it will be successful in generating positive cash flow from operations and plans to raise additional cash through the sale of equity to allow Intelithrive to continue to expand its operations and continue as a going concern. However, there can be no assurance of success, which raises doubt about Intelithrive’s ability to continue as a going concern.

 

Off-Balance Sheet Arrangements

 

We had no off-balance sheet arrangements of any kind for the period ended June 30, 2026

 

Item 2. Other Information

 

None

 

Item 3. Financial Statements

3 

 

INTELITHRIVE, INC.

UNAUDITED STATEMENT OF OPERATIONS

 

   June 30,
2026
   December 31,
2025
 
   (Unaudited)     
ASSETS          
           
Current Assets:          
Cash  $5,967   $390 
Prepaid assets   3,750    7,500 
    9,717    7,890 
Total Assets   9,717    7,890 
           
LIABILITIES AND STOCKHOLDERS’ DEFICIT          
           
Current Liabilities:          
Accounts payable   2,949    22,537 
     Total Current Liabilities   2,949    22,537 
           
Non-Current Liabilities:          
Notes payable   30,000     
Total Non-Current Liabilities   30,000     
           
Total Liabilities   32,949    22,537 
           
Stockholders’ Deficit:          
Preferred Stock Series A; $0.001 par value, 100,000,000 shares authorized and 10,000,000 and 10,000,000 shares issued and outstanding, respectively   10,000    10,000 
Common stock; $0.001 par value, 750,000,000 and 750,000,000 shares authorized and 10,240,000 and 10,240,000 shares issued and outstanding, respectively   10,240    10,240 
Additional paid-in capital   356,460    356,460 
Accumulated deficit   (399,932)   (391,347)
     Total Stockholders’ Deficit   (23,232)   (14,647)
           
Total Liabilities and Stockholders’ Deficit  $9,717   $7,890 

 

See Notes to the Unaudited Financial Statements

 

4 

 

INTELITHRIVE, INC.
UNAUDITED STATEMENTS OF OPERATIONS

 

   For the Six Months Ended June 30, 
   2026   2025 
         
REVENUES  $5,000   $ 
           
OPERATING EXPENSES          
General and administrative   13,585    44,729 
    Total Operating Expenses   13,585    44,729 
           
Net loss from continuing operations   (13,585)   (44,729)
           
Income from discontinued operations       727 
NET LOSS  $(13,585)  $(44,002)
Basic income (loss) per common share:          
Continuing operations  $(0.00)  $(0.00)
Discontinued operations  $   $0.00 
Basic net loss per common share  $(0.00)  $(0.00)
Basic weighted average common shares outstanding   10,240,000    10,237,064 
Fully diluted income (loss) per common share:          
Continuing operations  $(0.00)  $(0.00)
Discontinued operations  $   $0.00 
Fully diluted net loss per common share  $(0.00)  $(0.00)
Fully diluted weighted average common shares outstanding   10,240,000    10,237,064 

 

See Notes to the Unaudited Financial Statements

 

5 

 

INTELITHRIVE, INC.
UNAUDITED STATEMENTS OF STOCKHOLDERS’ EQUITY (DEFICIT)

 

   Preferred Stock   Common Stock   Additional Paid-In Capital   Accumulated Deficit   Total Stockholders’ Equity (Deficit) 
   Shares   Amount   Shares   Amount             
                             
Balance, December 31, 2025   10,000,000   $10,000    10,240,000   $10,240   $356,460   $(391,347)  $(14,647)
                                    
Net loss for the six months ended June 30, 2026                       (8,585)   (8,585)
Balance, June 30, 2026   10,000,000   $10,000    10,240,000   $10,240   $356,460   $(399,932)  $(23,232)

 

   Preferred Stock   Common Stock   Additional Paid-In Capital   Accumulated Deficit   Total Stockholders’ Equity (Deficit) 
   Shares   Amount   Shares   Amount             
                             
Balance, December 31, 2024   10,000,000   $10,000    10,223,500   $10,223   $293,477   $(268,719)  $44,981 
                                    
Common stock cancelled and returned to treasury           (15,000)   (15)   15         
                                    
Common stock issued for cash           25,000    25    49,975        50,000 
                                    
Net loss for the six months ended June 30, 2025                       (44,002)   (44,002)
                                    
Balance, June 30, 2025   10,000,000   $10,000    10,233,500   $10,233   $343,467   $(312,721)  $50,797 

 

See Notes to the Unaudited Financial Statements

 

6 

 

INTELITHRIVE, INC.
UNAUDITED STATEMENTS OF CASH FLOWS

 

   For the Six Months Ended June 30, 
   2026   2025 
Cash Flows From Operating Activities:          
Net loss  $(8,585)  $(44,002)
Changes in operating assets and liabilities:          
Decrease in prepaid assets   3,750    34,550 
Increase (decrease) in accounts payable   (19,588)   2,761 
Net cash used in operating activities   (24,423)   (6,691)
           
Cash Flows From Financing Activities:          
Notes payable issued for cash   30,000     
Common stock issued for cash       50,000 
Net cash provided by financing activities   30,000    50,000 
           
Net change in cash   5,577    43,309 
Cash, beginning of period   390    6,441 
Cash, end of period  $5,967   $49,750 
           
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:          
Cash paid for interest  $   $ 
Cash paid for taxes  $   $ 

 

See Notes to the Unaudited Financial Statements

7 

 

INTELITHRIVE, INC.
FOOTNOTES TO UNAUDITED FINANCIAL STATEMENTS
June 30, 2026

 

NOTE 1 - ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES

 

The financial statements presented are those of Intelithrive, Inc. (“Intelithrive”, or the “Company”). Intelithrive was incorporated on August 31, 2021, under the laws of the State of Wyoming.

 

Intelithrive was incorporated to develop and build a prototype lithium-ion battery pack assembly for residential and small business commercial applications certified to industry standards. During June 2025, the Company discontinued its lithium ion power pack assembly sales and pivoted to becoming a next-generation incubator focused on artificial intelligence, software-as-a-service and digital innovation.

 

Basis of Presentation

 

The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and the rules of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted in accordance with such rules and regulations. The information furnished in the interim financial statements include normal recurring adjustments and reflects all adjustments, which, in the opinion of management, are necessary for a fair presentation of such financial statements. Although management believes the disclosures and information presented are adequate to make the information not misleading, it is suggested that these interim financial statements be read in conjunction with Intelithrive’s most recent audited financial statements as of December 31, 2025. Operating results for the six months ended June 30, 2026 are not necessarily indicative of the results that may be expected for the year ending December 31, 2026.

 

Revenue Recognition Policy

 

Intelithrive recognizes revenue in accordance with the provisions of Accounting Series Codification (“ASC”) 606, Revenue From Contracts With Customers (“ASC 606”), which provides guidance on the recognition, presentation, and disclosure of revenue in financial statements. ASC 606 outlines the basic criteria that must be met to recognize revenue and provides guidance for disclosure related to revenue recognition policies. In general, the Company recognizes revenue based on the allocation of the transaction price to each performance obligation as each performance obligation in a contract is satisfied. Intelethrive recognized $5,000 and $0 in consulting revenue during the six months ended June 30, 2026 and 2025, respectively.

 

New Accounting Pronouncements

 

Intelithrive has implemented all new accounting pronouncements that are in effect and that may impact its financial statements. The Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

 

Basic and Diluted Loss Per Share

 

Intelithrive presents basic earnings per share (EPS) on the face of the statements of operations. Basic EPS is computed by dividing net income (loss) available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period including convertible debt, stock options, and warrants, using the treasury stock method, and convertible debt instrument, using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive.

The calculation of basic net loss per share for the six months ended June 30, 2026 and 2025 is as follows: 

8 

 

 

   For the Six Months Ended June 30, 
   2026   2025 
Basic Loss Per Share:          
Numerator:          
Loss from continuing operations  $(8,585)  $(44,729)
Income from discontinued operations  $   $727 
Net loss  $(8,585)  $(44,002)
Denominator:          
Basic and diluted weighted-average common shares outstanding   10,240,000    10,237,064 
           
Basic and diluted net loss per common share from continuing operations  $(0.00)  $(0.00)
Basic and diluted income per common share from discontinued operations  $   $0.00 
Basic and diluted net loss per common share  $(0.00)  $(0.00)

 

NOTE 2 - RELATED PARTY TRANSACTIONS

 

During February 2022, the Company entered into a lease for the use of space at the personal residence of the Company’s former CEO. The lease began February 1, 2022, had a term of twenty-four months and monthly rent of $200. During 2024, the Company prepaid $2,400 rent for a third year in 2025. The agreement was not renewed for 2026. Rent expenses were $0 and $1,200 for the six months ended June 30, 2026 and 2025, respectively.

 

NOTE 3 - STOCKHOLDERS’ EQUITY

 

During April 2025, the Company received and retired 15,000 shares of its common stock previously issued for services.

 

During June 2025, the Company issued a total of 25,000 shares of common stock for cash of $50,000, or $2.00 per share. Amounts received in excess of $0.001 per share par value have been recorded as additional paid-in capital.

 

NOTE 4 - NOTES PAYABLE

 

During April 2026, the Company entered into two $15,000 notes payable with an unrelated party. The notes are due December 31, 2028, unsecured and do not bear interest. The balance of notes payable was $30,000 and $0 at June 30, 2026 and December 31, 2025, respectively.

 

NOTE 5 - GOING CONCERN

 

Intelithrive’s financial statements are prepared using Generally Accepted Accounting Principles applicable to a going concern that contemplates the realization of assets and liquidation of liabilities in the normal course of business. However, Intelithrive has recently accumulated losses since its inception and has negative cash flows from operations, which raise substantial doubt about its ability to continue as a going concern. Management’s plans with respect to alleviating the adverse financial conditions that caused management to express substantial doubt about Company’s ability to continue as a going concern are as follows:

 

Intelithrive is seeking to raise up to $1,000,000 through a private placement of its common stock to finance future sales. The continuation of Intelithrive as a going concern is dependent upon its ability to generate profitable operations that produce positive cash flows.  If Intelithrive is not successful, it may be forced to raise additional debt or equity financing.

 

There can be no assurance that Intelithrive will be able to achieve its business plans, raise any more required capital or secure the financing necessary to achieve its current operating plan.  The ability of Intelithrive to continue as a going concern is dependent upon its ability to successfully accomplish the plan described in the preceding paragraph and eventually attain profitable operations. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

 

9 

 

NOTE 6 - DISCONTINUED OPERATIONS

 

During June 2025, the Company discontinued its lithium ion power pack assembly sales and pivoted to becoming a next-generation incubator focused on artificial intelligence, software-as-a-service and digital innovation.

 

The operating results of the Company’s discontinued operations for the six months ended June 30, 2026 and 2025 are as follows:

 

   For the Six Months Ended June 30, 
   2026   2025 
         
REVENUES          
Power pack assembly sales  $   $49,190 
    Total revenues       49,190 
COSTS OF SALES          
Power pack assembly sales       (48,463)
    Total cost of sales       (48,463)
GROSS MARGIN       727 
Income From Operations       727 
NET INCOME  $   $727 

 

NOTE 7 - SUBSEQUENT EVENTS

 

Intelithrive reviewed subsequent events through September 16, 2026, the date the financial statements were available to be issued.

10 

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of Regulation A, the issuer has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, on September 16, 2026.

 

 

INTELITHRIVE, INC.

 

 

By: /s/ Carlos Alberto Almonacid Garay

Name: Carlos Alberto Almonacid Garay

Title: Chief Executive Officer and Director

 

 

 

 

 

 

 

Pursuant to the requirements of Regulation A, this report has been signed below by the following persons on behalf of the issuer and in the capacities on September 16, 2026.

 

 

INTELITHRIVE, INC.

 

 

By: /s/ Carlos Alberto Almonacid Garay

Name: Carlos Alberto Almonacid Garay

Title: Chief Executive Officer and Director

 

 

 

11 

 

 

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