Mercalot Inc. (MRCL) reported revenue of $8,260 for the three months ended September 30, 2026, compared with $5,560 a year earlier, while net loss was $8,851 versus $30,192. Operating expenses were $17,111, compared with $35,752. Net cash used in operating activities was $4,559, compared with $23,400.
At September 30, 2026, cash was $25,502, total assets were $51,334 and total liabilities were $102,901. The company reported a $77,399 working capital deficit and a $51,567 stockholders’ deficit. Management said cash was not sufficient to fund operations for any period and that additional capital would be needed. The company disclosed substantial doubt about its ability to continue as a going concern.
Mercalot owed its directors $57,081 under an unsecured, non-interest-bearing loan due on demand. Management concluded that disclosure controls and procedures were not effective as of September 30, 2026.
Mercalot Inc. (MRCL), a Wyoming-based emerging growth company operating the “SafeDeal Connect” online marketplace focused on Spain, reported small but growing revenue and continuing losses for the years ended June 30, 2026 and 2025.
Revenue rose to $30,420 in 2026 from $3,900 in 2025, driven mainly by banner advertising in the app, but net losses were $32,072 in 2026 and $36,265 in 2025. As of June 30, 2026, cash was $30,061, with a working capital deficit of $27,020, total liabilities of $100,961 and an accumulated deficit of $70,368. The auditor and management highlight substantial doubt about the company’s ability to continue as a going concern, and operations are currently funded by equity issuances and $57,081 of director loans.
The company owns a mobile app and website acquired for $47,000 (net carrying amount $28,184) and had 5,735,200 common shares outstanding as of June 30, 2026, with the president holding 52%. Internal control over financial reporting is deemed ineffective due to several material weaknesses, including lack of an audit committee, weak cash controls, and insufficient IT controls.