OCULUS INC. (OVTZ) SEC Filings

Oculus Inc. (OVTZ) is calling its annual stockholders’ meeting for November 10, 2026, to vote on six proposals, including electing six directors, ratifying Davidson & Company LLP as auditor, approving continuation of the Omnibus Equity Incentive Plan, authorizing a Board‑discretionary reverse stock split, and advisory say‑on‑pay and say‑on‑pay frequency votes.

Common shares outstanding were 91,422,569 as of September 14, 2026, with a 25% quorum requirement; Chief Financial Officer Anton J. Drescher beneficially owns 23.85%. The Omnibus Plan reserves up to 9,142,247 options and 9,142,257 share units for issuance. Oculus is a development‑stage technology company with no revenue and an improving net loss, from about $0.59 million in 2023 to about $0.33 million in 2025.

Named executive officer compensation is limited: CEO Rowland Perkins reported no compensation in 2024 and 2025, while CFO Anton J. Drescher received cash compensation of $90,000 in 2024 and $60,000 in 2025. Stockholders are asked to approve, on a non‑binding basis, this compensation structure and to indicate how often future say‑on‑pay votes should occur.

OCULUS INC. (OVTZ) has called its annual stockholders’ meeting for November 10, 2026, with a record date of September 14, 2026, when 91,422,569 common shares were outstanding and entitled to one vote per share. A quorum requires holders of at least 25% of outstanding shares present in person or by proxy.

Stockholders will vote on six items: (1) election of six incumbent directors; (2) ratification of Davidson & Company LLP as auditor for 2026, with 2025 audit and tax fees totaling $30,900; (3) approval of the Omnibus Equity Incentive Compensation Plan, which currently authorizes up to 9,142,247 options and 9,142,257 share units; (4) approval of an amendment to the Articles of Incorporation to permit a reverse stock split within a specified ratio range, at the Board’s discretion and subject to TSXV approval; (5) a non-binding “say‑on‑pay” advisory vote on executive compensation; and (6) a non-binding advisory vote on how often to hold future say‑on‑pay votes.

The proxy discloses that directors and officers as a group beneficially own 24,824,540 shares (27.15%), including 21,804,540 shares (23.85%) held by CFO and director Anton J. Drescher. The company reported net losses of $328,000 in 2025, $326,000 in 2024 and $589,000 in 2023 (all in thousands), while “compensation actually paid” to CEO Rowland Perkins was nil over 2023–2025 and to the other NEO ranged from $148,500 in 2023 to $60,000 in 2025. The Board recommends voting “FOR” all management proposals and explains mechanics and potential effects of the reverse split, including increased available authorized but unissued shares and possible impacts on liquidity and trading price.

Oculus Inc. reports unaudited results for the three and six months ended June 30, 2026 as a pre‑revenue, development‑stage cybersecurity and data‑privacy company. Sales were nil and the six‑month net loss was $124,633, an improvement from $154,628 a year earlier, with selling, general and administrative costs reduced to $94,097 from $124,252.

Liquidity remains very weak: at June 30, 2026 the company held $4,989 in cash, total assets of $21,342, current liabilities of $871,291, a working capital deficiency of $849,949, and an accumulated deficit of $49,157,778. Management discloses material uncertainties that raise substantial doubt about its ability to continue as a going concern and estimates it will need $3 million to $5 million of additional financing for fiscal 2026, with no binding commitments. The business continues to develop its Forget‑Me‑Yes, ComplyScan and Cloud‑DPS SaaS platforms, and states it does not currently have any paying customers.

Oculus Inc. reports first-quarter 2026 results showing no revenue, a small cash balance, and continued operating losses, while warning of substantial doubt about its ability to continue as a going concern. For the three months ended March 31, 2026, the company recorded a net loss of $62,077, improving from $102,910 a year earlier, driven mainly by lower professional fees that reduced selling, general and administrative expenses to $46,813 from $87,637. Cash was only $16,658 against current liabilities of $829,231, resulting in a stockholders’ deficit of $793,349 and an accumulated deficit of $49,095,222. Management discloses that the company has no paying customers, forecasts insufficient working capital for the next 12 months, and estimates it needs an additional $3 million–$5 million in financing for fiscal 2026, primarily through equity sales.

Oculus Inc. reports as a development-stage cybersecurity and data privacy company focused on its Forget-Me-Yes® and ComplyTrust® cloud-native SaaS platforms, plus legacy Cloud‑DPS document protection technology. It targets compliance with GDPR, CCPA, LGPD and other global privacy regulations and is integrating AI and multi-cloud architectures.

The company remains deeply unprofitable and pre-revenue. For the year ended December 31, 2025, it sustained a net loss of $319,139, had a working capital deficiency of $737,787, and an accumulated deficit of $49,033,145. Management has forecast it will not have sufficient working capital for the ensuing 12 months and plans to fund operations primarily through issuing common stock and warrants.

Oculus expects it will require about $3–5 million in 2026 to expand research, development, and marketing of ComplyTrust’s products and may need additional financing thereafter. It currently has no paying customers, with sales of $Nil in 2025 and 2024, operates in intensely competitive markets, and warns it may never achieve profitability.

As of March 20, 2026, there were 91,422,569 common shares outstanding. Shareholders approved a discretionary reverse stock split in a 1‑for‑2 to 1‑for‑10 range that the board may implement or abandon. The company’s shares trade as a low-priced “penny stock” on the TSX Venture Exchange and OTCQB and it highlights significant dilution, volatility, and penny‑stock trading risks.

Oculus Inc. (OVTZ) reported Q3 2025 results with no revenue and a continued focus on development-stage data privacy and protection software. The company recorded a net loss of $93,123 for the quarter and $247,751 for the nine months ended September 30, 2025.

Cash was $15,229 against current liabilities of $692,476, resulting in a stockholders’ equity (deficiency) of $(667,236). The accumulated deficit reached $48,961,757. Management disclosed “substantial doubt” about the company’s ability to continue as a going concern due to recurring losses and limited liquidity.

Operating expenses remained lean: nine-month selling, general and administrative expenses were $202,104, while research and development totaled $736 as the company reduced spending. There were 91,422,569 common shares outstanding as of November 12, 2025, and no options or warrants outstanding at quarter-end.

Oculus Inc. (OVTZ) reported the results of its Annual Meeting held on October 15, 2025. A quorum of 45,928,874 shares, representing 50.24% of the 91,422,569 shares outstanding as of August 19, 2025, was present.

Shareholders elected six directors—Anton J. Drescher, Fabrice Helliker, Maurice Loverso, Rowland Perkins, Tom Perovic, and Ron Wages—with approximately 98% support for each nominee. They ratified Davidson & Company LLP as the independent auditor for the year ending December 31, 2025, with 96.96% of votes cast in favor.

Shareholders approved the continuation of the Omnibus Equity Incentive Compensation Plan with 97.50% support. They also approved an amendment authorizing a reverse stock split at a ratio between 1-for-2 and 1-for-10, with the specific ratio, implementation, and timing at the board’s discretion; 94.50% voted in favor. Following the meeting, the board reappointed Rowland Perkins as President and CEO and Anton J. Drescher as Corporate Secretary and CFO.