REGO Payment Architectures, Inc. files its annual report describing a niche fintech business built around its COPPA- and GDPR-compliant Mazoola family digital wallet platform, but with very weak finances. The company has an accumulated deficit of about $160.2 million and 2025 net loss of $12.4 million, following a $11.6 million loss in 2024.
Cash was only about $0.2 million as of March 31, 2026, leading auditors to raise substantial doubt about its ability to continue as a going concern. REGO is pursuing white-label and licensing partnerships with financial institutions, while facing intense competition, heavy regulation, and dependence on raising additional capital and securing strategic alternatives.
Rego Payment Architectures (RPMT) filed its Q3 2025 10‑Q, reporting no revenue and a continued focus on developing its Mazoola mobile payments platform. The company posted a Q3 net loss of $2,417,183, driven by operating expenses of $2,120,419 and interest expense of $296,764. For the nine months, net loss was $7,274,014.
Liquidity remains tight. Cash and cash equivalents were $1,691,485 as of September 30, 2025, and management noted approximately $1,000,000 as of November 14, 2025. The filing states substantial doubt about the ability to continue as a going concern and indicates funds to finance operations only through December 2025.
Leverage and fixed claims are significant. Current liabilities totaled $47,068,358, including 10% secured convertible notes payable of $6,141,237, 4% secured convertible notes of $14,981,250, and accrued preferred dividends of $16,090,210. Stockholders’ deficit was $(45,040,213). During Q3, the company raised $1,305,000 via additional 10% secured notes and converted 3,383 Series B preferred into 338,298 common shares. Common shares outstanding were 136,586,403 as of November 14, 2025.