Here are the 10-K annual reports from Pacific Sports Exchange (PSPX) 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-K covers the audited annual report, with the full financial statements, so if you follow PSPX 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 PSPX filings page.
Pacific Sports Exchange Inc. filed its annual report for the year ended August 31, 2025, showing it remains a very small online reseller of tennis and golf equipment with limited operations. Revenue was only $4,600, down slightly from $5,400, and cost of goods sold was $2,900, leaving gross profit of $1,700. Operating expenses of $38,445, mainly professional fees, drove a net loss of $36,745, compared with prior-year net income that was boosted by a one-time $40,957 debt forgiveness.
As of August 31, 2025, the company held $1,476 in cash, inventory of $8,769 and total assets of $10,245 against liabilities of $52,322, resulting in a working capital deficit of $42,077, though this improved from a larger prior deficit. The accumulated deficit reached $192,966, and the independent auditor included a going concern paragraph noting substantial doubt about the company’s ability to continue without new funding.
During 2024 a change of control transferred 10,000,000 common shares to Alpine Elite Holdings Ltd., which now owns about 69.6% of the 14,375,000 shares outstanding. The new controlling shareholder and related parties advanced funds and had $40,323 due to them at year-end, underscoring ongoing dependence on insider financing.