Here are the 10-Q quarterly 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-Q covers the quarterly report filed between annual reports, 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. reported minimal revenue and widening losses in its quarter ended February 28, 2026, while raising substantial doubt about its ability to continue as a going concern. Revenue for the six months was $2,200, up slightly from $2,000 a year earlier, but cost of goods sold rose to $2,000, leaving just $200 of gross profit versus $1,100 previously.
Operating expenses increased to $22,123 from $16,090, driven mainly by professional fees, pushing the six‑month net loss to $21,923 compared with $14,990 last year. The company ended the period with no cash, inventory of $6,769, current liabilities of $70,769, and a working capital deficit of $64,000.
Operations are being funded by related‑party advances, which totaled $23,269 in the six months. Management explicitly states that recurring losses, nominal revenues, and dependence on external financing create substantial doubt about continuing as a going concern. One customer accounted for 100% of revenue, and management reports material weaknesses in internal controls due to limited accounting staff and inadequate segregation of duties.
Pacific Sports Exchange Inc. reported a small start to revenue but continued losses for the three months ended November 30, 2025. Revenue reached $2,200, all from a single customer, while cost of goods sold was $2,000, leaving a modest gross profit of $200. Operating expenses of $10,281, mainly professional fees, drove a net loss of $10,081, slightly worse than the prior-year loss of $7,817.
The balance sheet is very weak. As of November 30, 2025, the company had $0 cash and inventory of $6,769, against current liabilities of $58,927, including $55,322 due to a shareholder. This produced a working capital deficit of $52,158 and an accumulated deficit of $203,047. Management states there is substantial doubt about the company’s ability to continue as a going concern and expects to rely on additional equity or debt financing and related-party support.
Internal controls are also weak. Management concluded disclosure controls and procedures were not effective due to limited accounting expertise and inadequate segregation of duties, and expects to remain dependent on a third-party accounting consultant. The company reports no legal proceedings and no off-balance sheet arrangements.