Limitless Projects Inc. reported no revenue and a consolidated net loss of $80,837 for the year ended July 31, 2026, versus $68,765 for 2025. Expenses included $37,329 of impairment and $43,508 of general and administrative costs. The company is developing employee-monitoring software; its original features are complete, and it plans to add AI-based screen-text analysis.
At July 31, 2026, current assets were $10,000, including $0 cash, and current liabilities were $585,353; accumulated deficit was $346,446. Management and its auditor cited substantial doubt about the company’s ability to continue as a going concern. The company has not generated revenue from planned principal operations and needs capital or operating revenue within the next 12 months. Management plans equity issuance and, where appropriate, debt financing; discussions with potential investors are ongoing, with no assurance the plans will be achieved.
Management concluded internal controls over financial reporting were ineffective as of July 31, 2026, citing the absence of an independent committee to assess controls and a director who qualifies as an audit committee financial expert. President, CEO, CFO and director Daniel Okelo beneficially owned 100,000,000 shares, or 99.40%, as of October 30, 2026.