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[10-Q] Marquie Group, Inc. Quarterly Earnings Report

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
10-Q
Rhea-AI Filing Summary

The Marquie Group (TMGI) reported Q1 results for the quarter ended August 31, 2025. Net revenues were $11,920 from syndicated radio advertising. The company posted a net loss of $2,306,313, driven by a $3,700,000 loss on markdown of its Simply Whim investment, $610,499 in interest expense, partially offset by a $1,760,461 gain on extinguishment of debt and $297,276 income from change in derivative liability.

On the balance sheet, cash was $41,007. Total assets were $2,610,783 versus $6,258,966 at May 31, 2025, reflecting the investment markdown. Current liabilities were $4,250,428. Stockholders’ equity moved to a deficit of $(1,639,645) from equity of $496,667. Management disclosed substantial doubt about continuing as a going concern due to $4,186,461 negative working capital and an $18,118,250 accumulated deficit.

The company executed a 1-for-1,000 reverse stock split on June 5, 2025; 4,121,479 common shares were outstanding as of October 3, 2025. TMGI maintains a $1.25 million Standby Equity Financing Agreement that prices shares at 80% of the average of the two lowest VWAPs in the 5 trading days after the clearing date.

Il Gruppo Marquie (TMGI) ha comunicato i risultati del primo trimestre per il periodo terminato il 31 agosto 2025. Le entrate nette ammontano a 11.920 dollari provenienti da pubblicità radiofonica in esclusiva. L’azienda ha riportato una perdita netta di 2.306.313 dollari, spinta da una perdita di 3.700.000 dollari per la svalutazione dell’investimento Simply Whim, 610.499 dollari di oneri d’interesse, parzialmente compensata da una guadagno di estinzione del debito di 1.760.461 dollari e 297.276 dollari di reddito derivante da cambiamenti nel passivo derivativo.

Sul bilancio, la cassa era di 41.007 dollari. Attivo totale 2.610.783 dollari rispetto a 6.258.966 dollari al 31 maggio 2025, riflettendo la svalutazione dell’investimento. Le passività correnti ammontavano a 4.250.428 dollari. Il patrimonio netto degli azionisti è passato a un deficit di (1.639.645 dollari) da un patrimonio di 496.667 dollari. La direzione ha espresso notevoli dubbi sulla continuità aziendale a causa di 4.186.461 dollari di capitale circolante negativo e di un deficit accumulato di 18.118.250 dollari.

L’azienda ha effettuato un fraziamento inverso azionario 1-per-1.000 il 5 giugno 2025; 4.121.479 azioni comuni erano in circolazione al 3 ottobre 2025. TMGI mantiene un Accordo di Standby Equity Financing da 1,25 milioni di dollari che determina il prezzo delle azioni al 80% della media delle due VWAP più basse nei 5 giorni di trading successivi alla data di regolarizzazione.

El Grupo Marquie (TMGI) informó los resultados del primer trimestre para el periodo terminado el 31 de agosto de 2025. Los ingresos netos fueron de 11.920 dólares provinientes de publicidad radial sindicada. La empresa registró una pérdida neta de 2.306.313 dólares, impulsada por una pérdida de 3.700.000 dólares por la desvalorización de su inversión Simply Whim, 610.499 dólares en gastos de intereses, parcialmente compensada por una ganancia de extinción de deuda de 1.760.461 dólares y 297.276 dólares de ingresos por cambio en el pasivo derivado.

En el balance, la caja fue de 41.007 dólares. Los activos totales fueron de 2.610.783 dólares frente a 6.258.966 dólares al 31 de mayo de 2025, reflejando la desvalorización de la inversión. Pasivos actuales sumaron 4.250.428 dólares. El patrimonio de los accionistas se movió a un déficit de (1.639.645 dólares) desde un patrimonio de 496.667. La dirección expresó dudas sustanciales sobre la continuidad como negocio en marcha debido a un capital de trabajo negativo de 4.186.461 dólares y a un déficit acumulado de 18.118.250 dólares.

La compañía ejecutó un split inverso de 1 por 1.000 el 5 de junio de 2025; 4.121.479 acciones comunes estaban en circulación al 3 de octubre de 2025. TMGI mantiene un Acordo de Financiación en Espera de 1,25 millones de dólares que fija el precio de las acciones en el 80% de la media de los dos VWAP más bajos en los 5 días hábiles siguientes a la fecha de liquidación.

마퀴 그룹(TM G I)이 2025년 8월 31일 종료 분기에 대한 1분기 실적을 발표했습니다. 순수익은 신디케이트 라디오 광고에서 11,920달러였습니다. 회사는 2,306,313달러의 순손실을 기록했으며, 이는 Simply Whim 투자 평가손실 3,700,000달러에 의해 좌우되었고, 610,499 달러의 이자 비용, 부분적으로는 부채 소멸로 인한 이익 1,760,461달러과 파생부채 변경으로 인한 소득 297,276달러으로 상쇄되었습니다.

대차대조표에서 현금은 41,007달러 이었고, 총자산은 2,610,783달러로 2025년 5월 31일의 6,258,966달러에서 투자 평가손실을 반영해 감소했습니다. 유동부채는 4,250,428달러였습니다. 주주자본은 (1,639,645달러)의 적자로 전환되어 496,667달러의 자본에서 벗어났습니다. 경영진은 음의 운전자본 4,186,461달러과 누적적자 18,118,250달러로 인해 지속가능성에 대한 상당한 의구심을 밝혔습니다.

회사는 2025년 6월 5일에 1대 1,000의 역주식분할을 시행했습니다. 2025년 10월 3일 현재 4,121,479주가 발행 주식이 유통 중입니다. TMGI는 거래일의 5거래일 중 최저 두 VWAP의 평균의 80%로 주가를 책정하는 1,250,000달러 규모의 Standby Equity Financing Agreement를 보유하고 있습니다.

Le Groupe Marquie (TMGI) a annoncé les résultats du premier trimestre pour la période se terminant le 31 août 2025. Les revenus nets s’élèvent à 11 920 dollars issus de la publicité radio syndiquée. L’entreprise affiche une perte nette de 2 306 313 dollars, entraînée par une perte de 3 700 000 dollars liée à la dévalorisation de l’investissement Simply Whim, 610 499 dollars de charges d’intérêts, partiellement compensée par une gain de extinction de dette de 1 760 461 dollars et 297 276 dollars de revenus dus à la variation du passif dérivé.

Au bilan, la trésorerie était de 41 007 dollars. Les actifs totaux s’élevaient à 2 610 783 dollars contre 6 258 966 dollars au 31 mai 2025, reflétant la dévalorisation de l’investissement. Les passifs courants s’élevaient à 4 250 428 dollars. Les fonds propres des actionnaires sont passés à un déficit de (1 639 645 dollars) contre 496 667 dollars. La direction a exprimé un doute important sur la continuité d’exploitation en raison d’un fonds de roulement négatif de 4 186 461 dollars et d’un déficit cumulé de 18 118 250 dollars.

L’entreprise a procédé le 5 juin 2025 à une réduction d’actions inversée de 1 pour 1 000; 4 121 479 actions ordinaires étaient en circulation au 3 octobre 2025. TMGI maintient un Accord de financement d’appoint Standby Equity Financing de 1,25 million de dollars qui fixe le prix des actions à 80% de la moyenne des deux VWAP les plus bas des 5 jours de négociation suivant la date de compensation.

Die Marquie-Gruppe (TMGI) hat die Ergebnisse des ersten Quartals für das zum 31. August 2025 beendete Quartal veröffentlicht. Die Nettoumsätze beliefen sich auf 11.920 Dollar aus syndizierter Radiowerbung. Das Unternehmen verzeichnete eine Nettoloss von 2.306.313 Dollar, getrieben durch eine Verlust von 3.700.000 Dollar wegen der Bewertung der Simply Whim-Investition, 610.499 Dollar an Zinsaufwendungen, teilweise kompensiert durch eine Entschuldungsertrag von 1.760.461 Dollar und 297.276 Dollar Erträge aus Änderungen bei derivativen Verbindlichkeiten.

Auf der Bilanzseite betrug der Bargeldbestand 41.007 Dollar. Die Gesamtaktiva beliefen sich auf 2.610.783 Dollar gegenüber 6.258.966 Dollar zum 31. Mai 2025, was die Investitionsbewertung widerspiegelt. Kurzfristige Verbindlichkeiten betrugen 4.250.428 Dollar. Das Eigenkapital der Aktionäre wandelte sich zu einem Defizit von (1.639.645 Dollar) gegenüber einem Eigenkapital von 496.667 Dollar. Die Geschäftsführung äußerte substanzielle Zweifel an der Fortführung als Going Concern aufgrund eines negativen Working Capital von 4.186.461 Dollar und eines akkumulierten Defizits von 18.118.250 Dollar.

Das Unternehmen führte am 5. Juni 2025 eine 1-für-1.000 Reverse Stock Split durch; 4.121.479 Stammaktien waren am 3. Oktober 2025 ausstehend. TMGI behält eine Standby-Equity-Financing-Vereinbarung in Höhe von 1,25 Millionen Dollar, die den Aktienkurs auf 80% des Durchschnitts der zwei niedrigsten VWAPs in den 5 Handelstagen nach dem Klarstellungsdatum festlegt.

أفاد فريق ماركي (TMGI) عن نتائج الربع الأول للفترة المنتهية في 31 أغسطس 2025. بلغت الإيرادات الصافية 11,920 دولارًا من الإعلان الإذاعي الموحّد. أُبلغت الشركة عن خسارة صافية قدرها 2,306,313 دولارًا، مدفوعة ب خسارة قدرها 3,700,000 دولار عند تخفيض قيمة استثمار Simply Whim، 610,499 دولار كفروق فائدة، وتُعوض جزئياً ب ربح اطفاء الدين بقيمة 1,760,461 دولار و 297,276 دولار من الدخل الناتج عن التغير في الالتزام المشتق.

أما في الميزانية، فكانت الخزينة 41,007 دولار. بلغت الأصول الإجمالية 2,610,783 دولار مقارنة بـ 6,258,966 دولار في 31 مايو 2025، وهو ما يعكس تخفيض قيمة الاستثمار. بلغت الالتزامات الجارية 4,250,428 دولار. تحرك حقوق المساهمين ليصبح عجزًا قدره (1,639,645 دولار) من حقوق بقيمة 496,667 دولار. أبدت الإدارة شكوكاً كبيرة حول الاستمرارية كمنشأة قيد التشغيل بسبب رأس مال عامل سلبي قدره 4,186,461 دولار و< b>عجز تراكمى قدره 18,118,250 دولار.

نفَّذَت الشركة تقسيم عكسي للأسهم بنسبة 1 مقابل 1,000 في 5 يونيو 2025؛ وبلغ عدد الأسهم العادية المصدرة والمتداولة 4,121,479 سهمًا كما في 3 أكتوبر 2025. لدى TMGI اتفاق تمويل احتياطي بقيمة 1.25 مليون دولار يُحدد سعر السهم عند 80% من متوسط VWAP لأقل اثنين ضمن الخمسة أيام تداول التالية لتاريخ التسوية.

马奎集团（TMGI）公布了截至2025年8月31日止季度的第一季度业绩。 从联合广播广告获得的净收入为11,920美元。公司披露< b>净亏损2,306,313美元，主要因为对其Simply Whim投资的< b>3,700,000美元减值，以及< b>610,499美元的利息支出，部分被< b>债务注销收益1,760,461美元和< b>衍生负债变动带来收入的297,276美元所抵消。

在资产负债表上，现金为< b>41,007美元。总资产为< b>2,610,783美元，较2025年5月31日的< b>6,258,966美元有所下降，原因是投资减值。流动负债为< b>4,250,428美元。股东权益由此前的667,496美元变为< b>亏损为(1,639,645美元)。管理层对持续经营能力表示重大疑虑，原因是< b>运营资金为负的4,186,461美元、以及累积赤字< b>18,118,250美元。

公司于2025年6月5日实施了< b>1对1,000的反向股票拆分；截至2025年10月3日，流通在外的普通股为< b>4,121,479股。TMGI维持一个< b>125万美元的备用股权融资协议，该协议将股票价格设定为在清算日期后五个交易日内5个交易日的两项最低VWAP的平均值的80%。

Positive
  • None.
Negative
  • Going concern warning due to negative working capital of $4,186,461 and accumulated deficit of $18,118,250.
  • $3,700,000 investment markdown on Simply Whim drove assets down and widened the quarterly loss.
  • Equity turned to a deficit of $(1,639,645) from $496,667 in the prior quarter.
  • Defaults on 8 notes aggregating $326,644 reported at August 31, 2025.

Insights

Leverage, defaults, and equity deficit elevate credit risk.

TMGI reported a $2.31M quarterly loss as a $3.70M markdown on its Simply Whim investment and $610,499 interest expense outweighed a $1.76M debt extinguishment gain. Assets fell to $2.61M from $6.26M at May 31, 2025.

Current liabilities of $4.25M and negative working capital of $4.19M underpin the going‑concern warning. The filing notes principal and interest unpaid on 8 notes aggregating $326,644, and related‑party notes include $2.485M to the CEO’s spouse.

Liquidity rests on $41,007 cash and the equity line. Actual impact depends on market pricing under the 80% VWAP formula and noteholder actions.

Large investment markdown and equity swing are materially adverse.

Equity shifted to a deficit of $(1.64)M from $0.50M last quarter as the Simply Whim investment was reduced to $2.50M. Revenue remains modest at $11,920, while losses widen.

The 1-for-1,000 reverse split and a $1.25M standby equity facility provide potential funding pathways, though pricing is variable and sales could pressure the stock. Future performance hinges on monetizing broadcasting and planned health and beauty contributions to the FY2026 10‑K.

Il Gruppo Marquie (TMGI) ha comunicato i risultati del primo trimestre per il periodo terminato il 31 agosto 2025. Le entrate nette ammontano a 11.920 dollari provenienti da pubblicità radiofonica in esclusiva. L’azienda ha riportato una perdita netta di 2.306.313 dollari, spinta da una perdita di 3.700.000 dollari per la svalutazione dell’investimento Simply Whim, 610.499 dollari di oneri d’interesse, parzialmente compensata da una guadagno di estinzione del debito di 1.760.461 dollari e 297.276 dollari di reddito derivante da cambiamenti nel passivo derivativo.

Sul bilancio, la cassa era di 41.007 dollari. Attivo totale 2.610.783 dollari rispetto a 6.258.966 dollari al 31 maggio 2025, riflettendo la svalutazione dell’investimento. Le passività correnti ammontavano a 4.250.428 dollari. Il patrimonio netto degli azionisti è passato a un deficit di (1.639.645 dollari) da un patrimonio di 496.667 dollari. La direzione ha espresso notevoli dubbi sulla continuità aziendale a causa di 4.186.461 dollari di capitale circolante negativo e di un deficit accumulato di 18.118.250 dollari.

L’azienda ha effettuato un fraziamento inverso azionario 1-per-1.000 il 5 giugno 2025; 4.121.479 azioni comuni erano in circolazione al 3 ottobre 2025. TMGI mantiene un Accordo di Standby Equity Financing da 1,25 milioni di dollari che determina il prezzo delle azioni al 80% della media delle due VWAP più basse nei 5 giorni di trading successivi alla data di regolarizzazione.

El Grupo Marquie (TMGI) informó los resultados del primer trimestre para el periodo terminado el 31 de agosto de 2025. Los ingresos netos fueron de 11.920 dólares provinientes de publicidad radial sindicada. La empresa registró una pérdida neta de 2.306.313 dólares, impulsada por una pérdida de 3.700.000 dólares por la desvalorización de su inversión Simply Whim, 610.499 dólares en gastos de intereses, parcialmente compensada por una ganancia de extinción de deuda de 1.760.461 dólares y 297.276 dólares de ingresos por cambio en el pasivo derivado.

En el balance, la caja fue de 41.007 dólares. Los activos totales fueron de 2.610.783 dólares frente a 6.258.966 dólares al 31 de mayo de 2025, reflejando la desvalorización de la inversión. Pasivos actuales sumaron 4.250.428 dólares. El patrimonio de los accionistas se movió a un déficit de (1.639.645 dólares) desde un patrimonio de 496.667. La dirección expresó dudas sustanciales sobre la continuidad como negocio en marcha debido a un capital de trabajo negativo de 4.186.461 dólares y a un déficit acumulado de 18.118.250 dólares.

La compañía ejecutó un split inverso de 1 por 1.000 el 5 de junio de 2025; 4.121.479 acciones comunes estaban en circulación al 3 de octubre de 2025. TMGI mantiene un Acordo de Financiación en Espera de 1,25 millones de dólares que fija el precio de las acciones en el 80% de la media de los dos VWAP más bajos en los 5 días hábiles siguientes a la fecha de liquidación.

마퀴 그룹(TM G I)이 2025년 8월 31일 종료 분기에 대한 1분기 실적을 발표했습니다. 순수익은 신디케이트 라디오 광고에서 11,920달러였습니다. 회사는 2,306,313달러의 순손실을 기록했으며, 이는 Simply Whim 투자 평가손실 3,700,000달러에 의해 좌우되었고, 610,499 달러의 이자 비용, 부분적으로는 부채 소멸로 인한 이익 1,760,461달러과 파생부채 변경으로 인한 소득 297,276달러으로 상쇄되었습니다.

대차대조표에서 현금은 41,007달러 이었고, 총자산은 2,610,783달러로 2025년 5월 31일의 6,258,966달러에서 투자 평가손실을 반영해 감소했습니다. 유동부채는 4,250,428달러였습니다. 주주자본은 (1,639,645달러)의 적자로 전환되어 496,667달러의 자본에서 벗어났습니다. 경영진은 음의 운전자본 4,186,461달러과 누적적자 18,118,250달러로 인해 지속가능성에 대한 상당한 의구심을 밝혔습니다.

회사는 2025년 6월 5일에 1대 1,000의 역주식분할을 시행했습니다. 2025년 10월 3일 현재 4,121,479주가 발행 주식이 유통 중입니다. TMGI는 거래일의 5거래일 중 최저 두 VWAP의 평균의 80%로 주가를 책정하는 1,250,000달러 규모의 Standby Equity Financing Agreement를 보유하고 있습니다.

Le Groupe Marquie (TMGI) a annoncé les résultats du premier trimestre pour la période se terminant le 31 août 2025. Les revenus nets s’élèvent à 11 920 dollars issus de la publicité radio syndiquée. L’entreprise affiche une perte nette de 2 306 313 dollars, entraînée par une perte de 3 700 000 dollars liée à la dévalorisation de l’investissement Simply Whim, 610 499 dollars de charges d’intérêts, partiellement compensée par une gain de extinction de dette de 1 760 461 dollars et 297 276 dollars de revenus dus à la variation du passif dérivé.

Au bilan, la trésorerie était de 41 007 dollars. Les actifs totaux s’élevaient à 2 610 783 dollars contre 6 258 966 dollars au 31 mai 2025, reflétant la dévalorisation de l’investissement. Les passifs courants s’élevaient à 4 250 428 dollars. Les fonds propres des actionnaires sont passés à un déficit de (1 639 645 dollars) contre 496 667 dollars. La direction a exprimé un doute important sur la continuité d’exploitation en raison d’un fonds de roulement négatif de 4 186 461 dollars et d’un déficit cumulé de 18 118 250 dollars.

L’entreprise a procédé le 5 juin 2025 à une réduction d’actions inversée de 1 pour 1 000; 4 121 479 actions ordinaires étaient en circulation au 3 octobre 2025. TMGI maintient un Accord de financement d’appoint Standby Equity Financing de 1,25 million de dollars qui fixe le prix des actions à 80% de la moyenne des deux VWAP les plus bas des 5 jours de négociation suivant la date de compensation.

Die Marquie-Gruppe (TMGI) hat die Ergebnisse des ersten Quartals für das zum 31. August 2025 beendete Quartal veröffentlicht. Die Nettoumsätze beliefen sich auf 11.920 Dollar aus syndizierter Radiowerbung. Das Unternehmen verzeichnete eine Nettoloss von 2.306.313 Dollar, getrieben durch eine Verlust von 3.700.000 Dollar wegen der Bewertung der Simply Whim-Investition, 610.499 Dollar an Zinsaufwendungen, teilweise kompensiert durch eine Entschuldungsertrag von 1.760.461 Dollar und 297.276 Dollar Erträge aus Änderungen bei derivativen Verbindlichkeiten.

Auf der Bilanzseite betrug der Bargeldbestand 41.007 Dollar. Die Gesamtaktiva beliefen sich auf 2.610.783 Dollar gegenüber 6.258.966 Dollar zum 31. Mai 2025, was die Investitionsbewertung widerspiegelt. Kurzfristige Verbindlichkeiten betrugen 4.250.428 Dollar. Das Eigenkapital der Aktionäre wandelte sich zu einem Defizit von (1.639.645 Dollar) gegenüber einem Eigenkapital von 496.667 Dollar. Die Geschäftsführung äußerte substanzielle Zweifel an der Fortführung als Going Concern aufgrund eines negativen Working Capital von 4.186.461 Dollar und eines akkumulierten Defizits von 18.118.250 Dollar.

Das Unternehmen führte am 5. Juni 2025 eine 1-für-1.000 Reverse Stock Split durch; 4.121.479 Stammaktien waren am 3. Oktober 2025 ausstehend. TMGI behält eine Standby-Equity-Financing-Vereinbarung in Höhe von 1,25 Millionen Dollar, die den Aktienkurs auf 80% des Durchschnitts der zwei niedrigsten VWAPs in den 5 Handelstagen nach dem Klarstellungsdatum festlegt.

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Table of Contents

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 10-Q

 

(Mark One)
   
x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
   
For the quarterly period ended August 31, 2025
   
o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the transition period from ______to______

 

Commission File Number: 000-54163

 

The Marquie Group, Inc.
(Exact name of registrant as specified in its Charter)

  

Florida   26-2091212

(State or other jurisdiction of incorporation or organization)

   (I.R.S. Employee Identification No.)
     

7901 4th ST N, Suite 4887

St. Petersburg, FL 33702

   33702
(Address of principal executive office)   (Zip Code)

 

(800) 351-3021

(Registrant’s telephone number, including area code)

 

Not Applicable

(Former Name, former address, and former fiscal year, if changed since last report)

 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the issuer was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes  ☒   No  ☐

 

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).     Yes  ☒   No  ☐

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer”, “smaller reporting company”, and “emerging growth company” in Rule 12b-2 of the Exchange Act.

 

Large accelerated Filer ☐ Accelerated Filer ☐
Non-accelerated Filer ☒ Smaller reporting company ☒
  Emerging growth company ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to section 13(a) of the Exchange Act. ☐

 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).  Yes ☐  No ☒

 

Indicate the number of shares outstanding of each of the issuer’s classes of common stock as of the latest practicable date: As of October 3, 2025 there were 4,121,479 shares of $0.0001 par value common stock, issued and outstanding.

 

   

 

 

TABLE OF CONTENTS

 

 

PART I: FINANCIAL INFORMATION  
   
Item 1: Financial Statements 3
Item 2: Management’s Discussion and Analysis of Financial Condition and Results of Operation 17
Item 3: Quantitative and Qualitative Disclosures about Market Risk 20
Item 4: Controls and Procedures 20
   
PART II: OTHER INFORMATION  
   
Item 1: Legal Proceedings 21
Item 1A: Risk Factors 21
Item 2: Unregistered Sales of Equity Securities and Use of Proceeds 21
Item 3: Defaults Upon Senior Securities 21
Item 4: Mine Safety Disclosures 21
Item 5: Other Information 21
Item 6: Exhibits 21
   
SIGNATURES 22

 

 

 

 

 

 

 

 

 

 

 

 

 

 2 

 

 

PART I - FINANCIAL INFORMATION

 

Item 1.  Financial Statements

 

THE MARQUIE GROUP, INC.

Consolidated Balance Sheets

         
   August 31,   May 31, 
   2025   2025 
   (Unaudited)     
ASSETS          
CURRENT ASSETS          
           
Cash and cash equivalents  $41,007   $1,071 
Accounts receivable   22,960    11,040 
           
Total Current Assets   63,967    12,111 
           
OTHER ASSETS          
           
Investment in Acquisition   2,500,000    6,200,000 
Loans receivable, related party   35,237    35,237 
Music inventory, net of accumulated depreciation of $21,854 and $21,815, respectively   414    453 
Trademark costs   11,165    11,165 
           
Total Other Assets   2,546,816    6,246,855 
           
TOTAL ASSETS  $2,610,783   $6,258,966 
           
LIABILITIES AND STOCKHOLDERS' DEFICIT          
CURRENT LIABILITIES          
           
Accounts payable and accrued liabilities   123,636    106,217 
Accrued interest payable on notes payable   876,588    1,182,097 
Accrued consulting fees   –    351,700 
Notes payable   569,964    1,409,646 
Notes payable to related parties   2,616,792    2,086,815 
Derivative liability   63,448    625,824 
           
Total Current Liabilities   4,250,428    5,762,299 
           
TOTAL LIABILITIES   4,250,428    5,762,299 
           
STOCKHOLDERS' EQUITY          
           
Preferred Stock, $0.0001 par value; 20,000,000 shares authorized, 200 and 200 shares issued and outstanding   –    – 
Common stock, $0.0001 par value; 5,000,000,000 shares authorized, 4,121,479 and 4,212,498 shares issued and outstanding, respectively   411    421 
Additional paid-in-capital   16,478,194    16,308,184 
Accumulated deficit   (18,118,250)   (15,811,938)
           
Total Stockholders' Equity   (1,639,645)   496,667 
           
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY  $2,610,783   $6,258,966 

 

The accompanying notes are an integral part of these financial statements

 

 

 

 3 

 

 

THE MARQUIE GROUP, INC.

Consolidated Statements of Operations

(Unaudited)

         
   For the Three Months Ended 
   August 31, 2025   August 31, 2024 
         
NET REVENUES  $11,920   $– 
           
OPERATING EXPENSES          
           
Salaries and Consulting fees   6,180    60,000 
Professional fees   46,217    – 
Other selling, general and administrative   13,074    640 
           
Total Operating Expenses   65,471    60,640 
           
LOSS FROM OPERATIONS   (53,551)   (60,640)
           
OTHER INCOME (EXPENSES)          
           
Gain on extinguishment of debt   1,760,461    – 
Income (expense) from derivative liability   297,276    (37,232)
Loss on markdown of investment   (3,700,000)   – 
Interest expense (including amortization of debt discounts of $-0-, and $19,900, respectively)   (610,499)   (107,072)
           
Total Other Income (Expenses)   (2,252,762)   (144,304)
           
LOSS BEFORE INCOME TAXES   (2,306,313)   (204,944)
           
INCOME TAX EXPENSE   –    – 
           
NET LOSS  $(2,306,313)  $(204,944)
           
BASIC AND DILUTED:          
Net loss per common share  $(0.56)  $(0.06)
           
Weighted average shares outstanding   4,133,725    3,325,531 

 

The accompanying notes are an integral part of these financial statements

 

 

 

 4 

 

 

THE MARQUIE GROUP, INC.

Consolidated Statements of Stockholders' Equity (Deficit)

(Unaudited)

                             
   Three Months Ended August 31, 2025 
   Preferred Stock   Common Stock   Additional
Paid-in		   Accumulated   Total Stockholders' Equity 
   Shares   Amount   Shares   Amount   Capital   Deficit   (Deficit) 
                             
Balance, May 31, 2025   200   $–    4,212,498   $421   $16,308,184   $(15,811,937)  $496,667 
                                    
Common stock cancelled for Standby Equity Agreement   –    –    (95,933)   (10)   10    –    – 
                                    
Forgiveness of SBA PPP loans   –    –    –    –    170,000    –    170,000 
                                    
Round up of shares for reverse split   –    –    4,914    –    –    –    – 
                                    
Net loss for the three months ended August 31, 2025   –    –    –    –    –    (2,306,313)   (2,306,313)
                                    
Balance, August 31, 2025   200   $–    4,121,479   $411   $16,478,194   $(18,118,250)  $(1,639,645)

 

 

                             
   Three Months Ended August 31, 2024 
   Preferred Stock   Common Stock   Additional
Paid-in		   Accumulated   Total Stockholders' Equity 
   Shares   Amount   Shares   Amount   Capital   Deficit   (Deficit) 
                             
Balance, May 31, 2024   200   $–    3,325,531   $333   $15,079,589   $(14,863,486)  $216,436 
                                    
Net loss for the three months ended August 31, 2024   –    –    –    –    –    (204,944)   (204,944)
                                    
Balance, August 31, 2024   200   $–    3,325,531   $333   $15,079,589   $(15,068,430)  $11,492 

 

Note: The above statements reflect retroactively the 1 share for 1,000 shares reverse split effective June 5, 2025.

 

 

The accompanying notes are an integral part of these financial statements

 

 

 

 5 

 

 

THE MARQUIE GROUP, INC.

Consolidated Statements of Cash Flows

(Unaudited)

         
   For the Nine Months Ended 
   August 31, 2025   August 31, 2024 
         
CASH FLOWS FROM OPERATING ACTIVITIES:          
           
Net loss  $(2,306,313)  $(204,944)
Adjustments to reconcile net income to net cash used by operating activities:          
Depreciation of music inventory   39    93 
Change in fair value of derivative liability   (297,276)   37,233 
Amortization of debt discounts   –    19,900 
Default fees added to notes principal balance   500,000    – 
Gain on extinguishment of debt   (1,760,461)   – 
Loss on write down of investment   3,700,000    – 
Changes in operating assets and liabilities:          
Accounts receivable   (11,920)   – 
Accounts payable and accrued liabilities   17,419    – 
Accrued interest payable on notes payable   95,948    87,172 
Accrued consulting fees   –    60,000 
           
Net Cash Used by Operating Activities   (62,564)   (546)
           
CASH FLOWS FROM INVESTING ACTIVITIES:   –    – 
           
CASH FLOWS FROM FINANCING ACTIVITIES:          
           
Bank overdraft   –    146 
Proceeds from notes payable   132,500    – 
Repayments of notes payable to related parties   (30,000)   – 
Proceeds from notes payable to related parties   –    400 
           
Net Cash Provided by Financing Activities   102,500    546 
           
NET INCREASE IN CASH AND CASH EQUIVALENTS   39,936    – 
           
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD   1,071    – 
           
CASH AND CASH EQUIVALENTS, END OF PERIOD  $41,007   $– 
           
SUPPLEMENTAL CASH FLOW INFORMATION          
           
Cash Payments For:          
Interest  $–   $– 
Income taxes  $–   $– 
           
Non-cash investing and financing activities:          
Forgiveness of SBA PPP loans recorded as equity  $170,000   $– 
Accrued consulting fees converted into promissory note  $131,300   $– 

 

The accompanying notes are an integral part of these financial statements

 

 

 

 6 

 

 

THE MARQUIE GROUP, INC.

(formerly Music of Your Life, Inc.)

Notes to the Consolidated Financial Statements

August 31, 2025

 

NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND ORGANIZATION

 

Organization

 

The Marquie Group, Inc. (formerly Music of Your Life, Inc.) (the “Company”) was incorporated under the laws of the State of Florida on January 30, 2008, under the name of “Zhong Sen International Tea Company”. From January 2008 to May 2013, the Company operated with the principal business objective of providing sales and marketing consulting services to small to medium sized Chinese tea producing companies who wished to export and distribute high quality Chinese tea products worldwide. On May 31, 2013 (the “Closing Date”), the Company entered into a Merger Agreement (the “Merger Agreement”) by and among the Company, Music of Your Life, Inc., a Nevada corporation (“MYL Nevada”) incorporated October 10, 2012, and Music of Your Life Merger Sub, Inc., a Utah corporation ("Merger Sub"), pursuant to which MYL Nevada merged with Merger Sub. As a result of the merger, MYL Nevada became a wholly owned subsidiary of the Company, and on July 26, 2013, the Company changed its name to Music of Your Life, Inc., a syndicated radio network.

 

Reverse Stock Split

 

Effective June 5, 2025, the Company effectuated a 1 share for 1,000 shares reverse stock split which reduced the issued and outstanding shares of common stock from 4,212,497,884 shares to 4,214,763 shares. The accompanying financial statements have been retroactively adjusted to reflect this reverse stock split.

 

Basis of Presentation

 

The accompanying unaudited financial statements are presented in accordance with generally accepted accounting principles for interim financial information and the instructions to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting only of normal recurring accruals) considered necessary in order to make the financial statements not misleading, have been included. Operating results for the three months ended August 31, 2025 are not necessarily indicative of results that may be expected for the year ending May 31, 2026.

 

Acquisition of The Marquie Group, Inc.

 

On August 16, 2018 (see Note 8), the Company merged with The Marquie Group, Inc. (“TMGI”) in exchange for the issuance of a total of 100 shares of our common stock to TMGI’s stockholders. Following the merger, the Company had 102 shares of common stock issued and outstanding. On December 5, 2018, the Company amended and restated its Articles of Incorporation providing for a change in the Company’s name from “Music of Your Life, Inc.” to “The Marquie Group, Inc.” The TMGI business plan is to license, develop and launch a direct-to-consumer, health and beauty product line called “Whim” that use innovative formulations of plant-based, amino-acids and other natural alternatives to chemical ingredients.

 

 

 

 

 7 

 

 

Extinguishment of Debt

 

Pursuant to Florida Statute § 95.11(2)(b), the Company has removed from its balance sheet accounts receivable deemed uncollectible for more than five years and, in accordance with GAAP, recorded a gain on extinguishment of debt in the amount of $1,760,461 on the statement of operations for the quarter ended August 31, 2025.

 

Going Concern

 

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. At August 31, 2025, the Company had negative working capital of $4,186,461 and an accumulated deficit of $18,118,250. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern.

 

To date the Company has funded its operations through a combination of loans and sales of common stock. The Company anticipates another net loss for the fiscal year ending May 31, 2026, and with the expected cash requirements for the coming year, there is substantial doubt as to the Company’s ability to continue operations.

 

The Company is attempting to improve these conditions by way of financial assistance through issuances of additional equity and by generating revenues through sales of products and services.

 

NOTE 2 – MUSIC INVENTORY

 

Music inventory consisted of the following:

        
   August 31, 20205   May 31, 2025 
Digital music acquired for use in operations – at cost  $22,268   $22,268 
Accumulated depreciation   (21,854)   (21,815)
Music inventory – net  $414   $453 

 

The Company purchases digital music to broadcast over the radio and internet. During the three months ended August 31, 2025, the Company purchased $-0- worth of music inventory. For the three months ended August 31, 2025 and 2024, depreciation of music inventory was $39 and $93, respectively.

 

 

 

 

 8 

 

 

NOTE 3 – ACCRUED CONSULTING FEES

 

Accrued consulting fees consisted of the following:

        
   August 31, 2025   May 31, 2025 
Due to Company Chief Executive Officer (Related Party) pursuant to Consulting Agreement dated March 1, 2017 – monthly compensation of $10,000 to May 31, 2022, increased to $20,000 after May 31, 2022, balance of $848,817 forgiven as of February 28, 2025  $–   $– 
Due to wife of Company Chief Executive Officer (Related Party) pursuant to consulting agreement effective August 16, 2018 – monthly compensation of $15,000 (which was terminated May 31, 2021), balance of $305,200 forgiven as of February 28, 2025   –    – 
Due to mother of Company Chief Executive Officer (Related Party) pursuant to Consulting Agreement dated September 1, 2015 (which was terminated November 30, 2019) – monthly compensation of $5,000 to November 30, 2019 (converted into promissory note during quarter ended August 31, 2025)   –    131,350 
Due to service provider pursuant to Consulting Agreement dated September 1, 2015 (which was terminated February 28, 2019) – monthly compensation of $5,000 to February 28, 2019   –    144,700 
Due to service provider pursuant to Consulting Agreement dated September 1, 2015 (which was terminated November 30, 2019) – monthly compensation of $1,000 to November 30, 2019   –    48,000 
Due to two other service providers   –    27,850 
           
Total  $–   $351,700 

 

The accrued consulting fees balance changed as follows:

        
   Three Months Ended
August 31, 2025		   Three Months Ended
August 31, 2024		 
Balance, beginning of period  $351,700   $1,145,917 
Compensation expense accrued pursuant to consulting agreements   –    240,000 
Accrued consulting fees extinguished   (220,350)   – 
Accrued consulting fees converted into promissory note   (131,350)    – 
           
Balance, end of period  $–   $1,385,917 

 

See Note 8 (Commitments and Contingencies).

 

 

 

 

 9 

 

 

NOTE 4 – NOTES PAYABLE

 

Notes payable consisted of the following:

        
   August 31, 2025   May 31, 2025 
Notes payable to an entity, non-interest bearing, due on demand, unsecured  $54,079   $54,079 
Note payable to an individual, due on May 22, 2015, extinguished on June 1, 2025 (B)   –    25,000 
Note payable to an entity, non-interest bearing, due on February 1, 2016, extinguished on June 1, 2025 (D)   –    50,000 
Note payable to a family trust, stated interest of $2,500, due on October 31, 2015, extinguished on June 1, 2025 (E)   –    7,000 
Note payable to a corporation, stated interest of $5,000, due on October 21, 2015, extinguished on June 1, 2025 (G)   –    50,000 
Note payable to a corporation, stated interest of $5,000, due on November 6, 2015, extinguished on June 1, 2025 (H)   –    50,000 
Note payable to an individual, due on December 20, 2015, 24% default rate from January 20, 2016, extinguished on June 1, 2025 (I)   –    25,000 
Convertible note payable to an entity, interest at 12%, due on December 29, 2016, extinguished on June 1, 2025 (M)   –    40,000 
Note payable to a family trust, interest at 10%, due on November 30, 2016, extinguished on June 1, 2025 (P)   –    25,000 
Convertible note payable to an individual, interest at 10%, extinguished on June 1, 2025 (V)   –    46,890 
Convertible note payable to an individual, interest at 8%, extinguished on June 1, 2025 (W)   –    29,000 
Convertible note payable to an individual, interest at 8%, extinguished on June 1, 2025 (X)   –    21,500 
Convertible note payable to an entity, interest at 10%, due on demand (Y)   8,100    8,100 
Convertible note payable to an entity, interest at 10%, due on March 5, 2019, in default (DD)   35,000    35,000 
Convertible note payable to an entity, interest at 10%, due on September 18, 2019, in default (GG)   8,506    8,506 
Convertible note payable to an entity, interest at 12%, due on November 30, 2021, extinguished on June 1, 2025 (SS)   –    154,764 
Convertible note payable to an entity, interest at 10%, due on June 4, 2022, in default (VV)   152,369    152,369 
Convertible note payable to an entity, interest at 8%, due on August 27, 2022, in default (WW)   14,000    14,000 
Convertible note payable to an entity, interest at 12%, due on December 21, 2022, extinguished on June 1, 2025 (YY)   –    424 
Convertible note payable to an entity, interest at 12%, due on February 8, 2023, extinguished on June 1, 2025 (ZZ)   –    174,128 
Convertible note payable to an entity, interest at 12%, due on November 4, 2023, in default (C)   6,339    6,339 
Convertible note payable to an entity, interest at 12%, due on April 10, 2024, in default (F)   76,375    76,375 
Convertible note payable to an entity, interest at 12%, due on September 18, 2024, in default, net of discount of $-0- and $1,052, respectively (K)   3,500    3,500 
Convertible note payable to an entity, interest at 12%, due on January 18, 2025, in default, net of discount of $-0- and $19,338, respectively (L)   30,555    30,555 
Convertible note payable to an entity, interest at 6%, due on August 22, 2026, (N)   120,000    – 
Convertible note payable to an entity, interest at 15, due on March 26, 2026, (O)   12,500    – 
Note payable to an entity, terms to be agreed on and memorialized subsequent to February 28, 2025   48,641    48,641 
Note payable to the Small Business Administration under the Payroll Protection Program, interest at 1%, due in installments through May 4, 2022, forgiven by SBA and reclassified as equity   –    70,000 
Note payable to the Small Business Administration under the Payroll Protection Program, interest at 1%, due in installments through April 5, 2023, forgiven by SBA and reclassified as equity   –    100,000 
Notes payable to individuals, non-interest bearing, written off on June 1, 2025   –    103,476 
Total Notes Payable   569,964    1,409,646 
Less: Current Portion   (569,964)   (1,409,646)
Long-Term Notes Payable  $–   $– 

 

 

 

 10 

 

 

(B) On April 22, 2015, the Company issued a $25,000 Promissory Note, non-interest bearing (interest at 24% per annum after May 22, 2015), due at maturity on May 22, 2015.

 

(D) On July 24, 2015, the Company issued a $50,000 Promissory Note to Kodiak Capital Group, LLC (“Kodiak”) for services rendered in association with an Equity Purchase Agreement. As amended and restated January 4, 2016, the note is non-interest bearing and was due on February 1, 2016.

 

(E) On July 31, 2015, the Company issued a $25,000 Promissory Note with a stated interest amount of $2,500 due at maturity on October 31, 2015.

 

(G) On August 6, 2015, the Company issued a $50,000 Promissory Note with a stated interest amount of $5,000 due at maturity on October 21, 2015.

 

(H) On August 21, 2015, the Company issued a $50,000 Promissory Note with a stated interest amount of $5,000 due at maturity on November 6, 2015.

 

(I) On September 21, 2015, the Company issued a $25,000 Promissory Note with a stated interest amount of $2,500 due at maturity on December 20, 2015. In the event that all principal and interest are not paid to the lender by January 20, 2016, interest is to accrue at a rate of 24% per annum commencing on January 21, 2016.

 

(M) On December 29, 2015, the Company issued a $20,000 Convertible Promissory Note to a lender for net loan proceeds of $15,000. The note bears interest at a rate of 12% per annum, was due on December 29, 2016, and is convertible at the option of the lender into shares of the Company common stock at a Conversion Price equal to 50% of the lowest closing bid price during the 30 Trading Day period prior to the Conversion Date. See Note 6 (Derivative Liability).

 

(P) On June 3, 2016, the Company issued a $25,000 Promissory Note. The note bears interest at a rate of 10% per annum and was due on November 30, 2016.

 

(V) On May 3, 2017, the Company issued a $72,750 Convertible Promissory Note to a lender as a replacement for the principal and interest due on a promissory note due on October 14, 2014. The note bears interest at a rate of 10% per annum, is due on demand, and is convertible at the option of the lender into shares of the Company common stock at a Conversion Price equal to $0.1293 per share.

 

(W) On April 5, 2017, the Company issued a $35,000 Convertible Promissory Note to a lender as a replacement for the principal and interest due on a promissory note due on August 23, 2015. The note bears interest at a rate of 8% per annum, is due on demand, and is convertible at the option of the lender into shares of the Company common stock at a Conversion Price equal to 40% of the lowest Trading Price during the 5 Trading Day period prior to the Conversion Date. See Note 6 (Derivative Liability).

 

(X) On April 5, 2017, the Company issued a $27,500 Convertible Promissory Note to a lender as a replacement for the principal and interest due on a promissory note due on October 31, 2015. The note bears interest at a rate of 8% per annum, is due on demand, and is convertible at the option of the lender into shares of the Company common stock at a Conversion Price equal to 40% of the lowest Trading Price during the 5 Trading Day period prior to the Conversion Date. See Note 6 (Derivative Liability).

 

(Y) On March 1, 2017, the Company issued a $8,600 Convertible Promissory Note to a vendor of the Company to convert certain accounts payable due to the vendor. The note bears interest at a rate of 10% per annum, is due on demand, and is convertible at the option of the lender into shares of the Company common stock at a Conversion Price equal to the higher of $0.04 per share or 60% of the lowest Trading Price during the 5 Trading Day period prior to the Conversion Date.

 

 

 

 11 

 

 

(DD) On March 5, 2018, the Company issued a $35,000 Convertible Promissory Note to a lender for net loan proceeds of $33,000. The note bears interest at a rate of 10% per annum, was due on March 5, 2019, and is convertible at the option of the lender into shares of the Company common stock at a Conversion Price equal to 50% of the lowest Trading Price during the 20 Trading Day period prior to the Conversion Date. See Note 6 (Derivative Liability).

 

(GG) On September 18, 2018, the Company issued a $18,000 Convertible Promissory Note to a lender for net loan proceeds of $14,000. The note bears interest at a rate of 10% per annum, was due on September 18, 2019, and is convertible at the option of the lender into shares of the Company common stock at a Conversion Price equal to 50% of the lowest Trading Price during the 20 Trading Day period prior to the Conversion Date. See Note 6 (Derivative Liability).

 

(SS) On November 30, 2020, the Company issued a $170,000 Convertible Promissory Note to a lender which paid off some of the accrued interest for the note described in (RR) above. The Company received net proceeds of $32,500. The note bears interest at a rate of 12% per annum, is due on November 30, 2021, and is convertible at the option of the lender into shares of the Company common stock at a Conversion Price equal to the lesser of (1) 105% of the closing bid price of the Common Stock on the Issue Date, or (2) the closing bid price of the Common Stock on the Trading Day immediately preceding the date of the conversion. See Note 6 (Derivative Liability).

 

(VV) On June 4, 2021, the Company issued a $238,596 Convertible Promissory Note to a lender which paid off the principal and accrued interest for the notes described in (EE), (FF), (KK), (LL), (MM), (NN) and (PP) above. The note bears interest at a rate of 10% per annum, is due on June 4, 2022, and is convertible at the option of the lender into shares of the Company common stock at a Conversion Price equal to the lesser of (1) $0.00004, or (2) 50% of the lowest trading price of the common stock for the previous 15-day trading period. See Note 6 (Derivative Liability).

 

(WW) On August 27, 2021, the Company issued a $14,000 Convertible Promissory Note to a lender for net loan proceeds of $10,000. The note bears interest at a rate of 8% per annum, is due on August 27, 2022, and is convertible at the option of the lender into shares of the Company common stock at a Conversion Price equal to 65% of the lowest trading price in the 10 Trading Day period prior to the Conversion Date. See Note 6 (Derivative Liability).

 

(YY) On December 21, 2021, the Company issued a $58,250 Convertible Promissory Note to a lender for net loan proceeds of $49,925. The note bears interest at a rate of 12% per annum, is due on December 21, 2022, and is convertible at the option of the lender into shares of the Company common stock at a Conversion Price equal to the higher of (1) $0.10, or (2) the par value of the Common Stock.

 

(ZZ) On February 8, 2022, the Company issued a $245,000 Convertible Promissory Note to a lender for net loan proceeds of $218,000. The note bears interest at a rate of 12% per annum, is due on February 8, 2023, and is convertible at the option of the lender into shares of the Company common stock at a Conversion Price equal to the higher of (1) $0.10, or (2) the par value of the Common Stock.

 

(C) On November 4, 2022, the Company issued a $30,555 Convertible Promissory Note to a lender for net loan proceeds of $25,000. The note bears interest at a rate of 12% per annum, is due on November 4, 2023, and is convertible at the option of the lender into shares of the Company common stock at a Conversion Price equal to the lower of (1) $0.005, or (2) 50% of the lowest trading price in the 10 Trading Day period prior to the Conversion Date. See Note 6 (Derivative Liability).

 

(F) On April 10, 2023, the Company issued a $61,100 Convertible Promissory Note to a lender for net loan proceeds of $55,000. The note bears interest at a rate of 12% per annum, is due on April 10, 2024, and is convertible at the option of the lender into shares of the Company common stock at a Conversion Price equal to the higher of (1) $0.003, or (2) the par value of the Common Stock. See Note 6 (Derivative Liability).

 

 

 

 12 

 

 

(K) On September 18, 2023, the Company issued a $3,500 Convertible Promissory Note to a lender for net loan proceeds of $3,500. The note bears interest at a rate of 12% per annum, is due on September 18, 2024, and is convertible at the option of the lender into shares of the Company common stock at a Conversion Price equal to 50% of the lowest trading price in the 10 Trading Day period prior to the Conversion Date. See Note 6 (Derivative Liability).

 

(L) On January 18, 2024, the Company issued a $30,555 Convertible Promissory Note to a lender for net loan proceeds of $22,800. The note bears interest at a rate of 12% per annum, is due on January 18, 2025, and is convertible at the option of the lender into shares of the Company common stock at a Conversion Price equal to the lower of $0.0002 or 50% of the lowest trading price in the 10 Trading Day period prior to the Conversion Date. See Note 6 (Derivative Liability).

 

(N) On August 22, 2025, the Company issued a $120,000 Convertible Promissory Note to a lender for net loan proceeds of $105,000. The note bears interest at a rate of 6% per annum, is due on August 22, 2026, and is convertible at the option of the lender into shares of the Company common stock at a Conversion Price equal to 60% of the lowest trading price in the 20 Trading Day period prior to the Conversion Date.

 

(O) On June 26, 2025, the Company issued a $12,500 Convertible Promissory Note to a lender for net loan proceeds of $10,000. The note bears interest at a rate of 15% per annum, is due on March 26, 2026, and is convertible at the option of the lender into shares of the Company common stock at a Conversion Price equal to 70% of the volume-weighted average price over the 10 Trading Day period prior to the Conversion Date.

 

Concentration of Notes Payable:

 

The principal balance of notes payable was due to:

        
   August 31, 2025   May 31, 2025 
         
Lender A  $–   $329,317 
Lender B   209,874    209,874 
14 other lenders   360,090    870,455 
           
Total   569,964    1,409,646 
           
Less debt discounts   –    – 
           
Net  $569,964   $1,409,646 

 

 

 

 

 13 

 

 

NOTE 5 – NOTES PAYABLE – RELATED PARTIES

 

Notes payable – related parties consisted of the following:

        
   August 31, 2025   May 31, 2025 
         
Note payable to Company law firm (and owner of 2,500 shares of common stock since August 16, 2018), non-interest bearing, due on demand, unsecured  $–   $2,073 
Notes payable to The OZ Corporation (owner of 2,500 shares of common stock since August 16, 2018), non-interest bearing, due on demand, unsecured   –    69,250 
Note payable to the Chief Executive Officer, non-interest bearing, due on demand, unsecured   492    15,492 
Note payable to the wife of the Chief Executive Officer as part of the 25% acquisition of Simply Whim, interest at 12%, due on September 20, 2023, unsecured (See Note 10)   2,485,000    2,000,000 
Note payable to the mother of the Chief Executive Officer, interest at 12%, due on demand, unsecured (converted from accrued consulting fees, see Note 3)   131,300    – 
Total Notes Payable   2,616,792    2,086,815 
Less: Current Portion   (2,616,792)   (2,086,815)
Long-Term Notes Payable  $–   $– 

 

NOTE 6 – DERIVATIVE LIABILITY

 

The derivative liability consisted of the following:

                
   August 31, 2025   May 31, 2025 
   Face Value   Derivative Liability   Face Value   Derivative Liability 
Convertible note payable issued December 29, 2015, due December 29, 2016 (M)  $–   $–   $40,000   $40,000 
Convertible note payable issued April 5, 2017, due on demand (W)   –    –    29,000    43,500 
Convertible note payable issued April 5, 2017, due on demand (X)   –    –    21,500    32,250 
Convertible note payable issued March 5, 2018, due on March 5, 2019 (DD)   35,000    35,000    35,000    35,000 
Convertible note payable issued September 18, 2018, due on September 18, 2019 (GG)   8,506    8,506    8,506    8,506 
Convertible note payable issued November 30, 2020, due on November 30, 2021 (SS)   –    –    154,764    149,350 
Convertible note payable issued June 4, 2021, due on June 4, 2022 (VV)   152,369    3,544    152,369    159,306 
Convertible note payable issued August 27, 2021, due on August 27, 2022 (WW)   14,000    7,539    14,000    7,538 
Convertible note payable issued November 4, 2022, due on November 4, 2023 (C)   6,339    1,776    12,649    6,339 
Convertible note payable issued April 10, 2023, due on April 10, 2024 (F)   76,375    3,531    76,375    109,980 
Convertible note payable issued November 7, 2023, due on August 15, 2024 (J)   –    –    21,520    – 
Convertible note payable issued September 18, 2023, due on September 18, 2024 (K)   3,500    1,776    3,500    5,880 
Convertible note payable issued January 18, 2024, due on January 18, 2025 (L)   30,555    1,776    30,555    30,555 
                     
Totals  $326,644   $63,448   $599,738   $625,824 

 

 

 

 14 

 

 

The above convertible notes contain a variable conversion feature based on the future trading price of the Company common stock. Therefore, the number of shares of common stock issuable upon conversion of the notes is indeterminate. Accordingly, we have recorded the fair value of the embedded conversion features as a derivative liability at the respective issuance dates of the notes and charged the applicable amounts to debt discounts and the remainder to other expense. The increase (decrease) in the fair value of the derivative liability from the respective issuance dates of the notes to the measurement dates is charged (credited) to other expense (income). The fair value of the derivative liability of the notes is measured at the respective issuance dates and quarterly thereafter using the Black Scholes option pricing model.

 

Assumptions used for the calculations of the derivative liability of the notes at August 31, 2025 include (1) stock price of $0.0169 per share, (2) exercise prices ranging from $0.00004 to $0.010985 per share, (3) terms are 0 days, (4) expected volatility of 3.176% and (5) risk free interest rate at 4.41%.

 

Assumptions used for the calculations of the derivative liability of the notes at May 31, 2025 include (1) stock price of $0.001 per share, (2) exercise prices ranging from $0.00004 to $0.005 per share, (3) terms are 0 days, (4) expected volatility of 3,176% and (5) risk free interest rates at 4.33%.

 

Concentration of Derivative Liability:

 

The derivative liability relates to convertible notes payable due to:

        
   August 31, 2025   May 31, 2025 
         
Lender A  $–   $149,350 
Lender B   3,531    109,980 
Lender C   3,552    36,894 
Lender D   54,598    210,350 
5 other lenders   1,767    119,250 
           
Total  $63,448   $625,824 

 

NOTE 7 – EQUITY TRANSACTIONS

 

Effective June 5, 2025, the Company effectuated a 1 share for 1,000 shares reverse stock split which reduced the issued and outstanding shares of common stock from 4,212,497,884 shares to 4,214,763 shares. The accompanying financial statements have been retroactively adjusted to reflect this reverse stock split.

 

The company has 20,000,000 shares of preferred stock authorized and 200 shares outstanding as of August 31, 2025. The company has 5,000,000,000 shares of common stock authorized and 4,121,479 (as adjusted for the June 5, 2025 reverse stock split) outstanding as of August 31, 2025. Along with the reverse stock split, the number of authorized shares of common stock was changed from 20,000,000,000 shares to 5,000,000,000 shares.

 

On September 27, 2024, we entered into a Standby Equity Financing Agreement (SECA) with Mac Rab, LLC. Pursuant to the SECA said shareholder has committed to purchase up to $1.25 million of our common stock. The per share purchase price for the shares that we may sell under the SECA will fluctuate based on the price of our common stock and will be equal to 80% of the average of the two (2) lowest volume weighted average prices of the Company’s Common Stock on OTC Pink during the five (5) Trading Days immediately following the Clearing Date. Depending on market liquidity at the time, sales of such shares may cause the trading price of our common stock to fall.

 

 

 

 15 

 

 

During the year ended May 31, 2025, the Company issued an aggregate of 213,030 shares (as adjusted for the June 5, 2025 reverse stock split) of common stock pursuant to the Equity Agreement for net proceeds of $8,598.

 

During the year ended May 31, 2025, the Company issued an aggregate of 673,937 shares (as adjusted for the June 5, 2025 reverse stock split) of common stock for the conversion of notes payable and accrued interest in the aggregate amount of $66,068.

 

During the three months ended August 31, 2025, the Company cancelled 95,933 shares (as adjusted for the June 5, 2025 reverse stock split) of common stock pursuant to the Equity Agreement that were previously issued in error.

 

NOTE 8 – COMMITMENTS AND CONTINGENCIES

 

Consulting Agreements with Individuals

 

The Company has entered into Consulting Agreements with the Company’s Chief Executive Officer, the wife of the Company’s Chief Executive Officer, the mother of the Company’s Chief Executive Officer, and other service providers (see Note 3 – Accrued Consulting Fees). The Consulting Agreement with the Company’s Chief Executive Officer provided for monthly compensation of $10,000 through May 31, 2022 and was increased to $20,000 after May 31, 2022. The Consulting Agreement with the wife of the Company’s Chief Executive Officer provided for monthly compensation of $15,000 and expired on May 31, 2021. The Consulting Agreement with the mother of the Company’s Chief Executive Officer provided for monthly compensation of $5,000 and was terminated as of November 30, 2019. The other 3 consulting agreements provided for monthly compensation totaling $6,500 and were terminated as of November 30, 2019. See Note 3 (Accrued Consulting Fees).

 

As of February 28, 2025, the Company’s Chief Executive Officer and the wife of the Company’s Chief Executive Officer forgave the accrued consulting fees balance due to them in the amount of $1,154,017. Due to the fact that they were shareholders, the forgiven balance was credited to additional paid in capital.

 

NOTE 9 – INVESTMENT IN ACQUISITION

 

On September 20, 2022, the Company entered into an agreement to acquire 25% of the outstanding shares of SIMPLY WHIM, INC., a Wyoming corporation (“SIMPLY WHIM”), in exchange for 666,666,668 shares of common stock of the Company and a promissory note in the face amount of $2,000,000. SIMPLY WHIM is a skin care product development company. At the date of the acquisition, the price per share of the company shares was $0.0063. The total consideration paid by the company (value of stock issued and promissory note) was $6,200,000 which has been recorded as Investment in Acquisition on the balance sheet. The Company determined that the Simply Whim investment should be accounted for under the cost method because the Company does not have the ability to exercise significant influence over operating and financial policies of the investee given there is no representation on the board of directors, participation in policy-making processes, no interchange of managerial personnel, and the majority ownership of the investee is a nonpublic company held by one individual. During the quarter ended August 31, 2025, the promissory note triggered a default of 25% ($500,000) of the principal balance of the note which increased the balance to $2,500,000. In conjunction with this default, the Company decreased the Investment in Acquisition on the balance sheet to $2,500,000 and recorded a Loss on markdown of investment of $3,700,000 on the statement of operations.

 

NOTE 10 – SUBSEQUENT EVENTS

 

The Company has evaluated subsequent events from the balance sheet date through the date the financial statements were issued and determined there are no additional material events requiring disclosure.

 

 

 

 16 

 

 

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operation

 

The following discussion contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 relating to future events or our future performance. Actual results may materially differ from those projected in the forward-looking statements as a result of certain risks and uncertainties set forth in this prospectus. Although management believes that the assumptions made and expectations reflected in the forward-looking statements are reasonable, there is no assurance that the underlying assumptions will, in fact, prove to be correct or that actual results will not be different from expectations expressed in this report.

 

BUSINESS OVERVIEW

 

The Marquie Group, Inc. is focused on creating high-quality health and beauty products that we market across various sales channels including our own syndicated radio network. For more information, visit our websites at www.simplywhim.com, and www.musicofyourlife.com. Our annual reports (Form 10-K), quarterly reports (Form 10-Q), current reports (Form 8-K), and any amendments to these reports are available free of charge at www.sec.gov. Please note that the information on our website is not part of, nor incorporated by reference into, this or any other company report filed with or submitted to the SEC. 

 

We operate through two reportable segments: (1) Broadcast/Entertainment and (2) Health and Beauty. Resource allocation is determined by assessing each segment’s operating income and expenses, with adjustments made as needed to reflect operational changes in the business. This assessment excludes costs associated with corporate functions—such as accounting, finance, human resources, legal, tax, and treasury—as well as amortization, depreciation, taxes, and interest expense.

 

Broadcasting

 

Our foundational business is radio broadcasting, which includes the ownership and operation of the nation's longest running syndicated music radio network, Music of Your Life. We produce 24-hours of radio content daily which is delivered to our affiliated AM/FM and HD radio stations and simulcast worldwide over the internet.

 

Advertising revenue generated from our syndicated radio operations is reported as broadcast revenue in our Consolidated Financial Statements. Advertising revenue is recorded on a gross basis unless an agency represents the advertiser, in which case revenue is reported net of the commission retained by the agency.

 

Broadcast revenue is impacted by the rates radio stations can charge for programming and advertising time, the level of airtime sold to programmers and advertisers, the number of impressions delivered, or downloads made, and the number of listener responses in the case of pay-per-call. Advertising rates are based upon the demand for advertising time, which in turn is based on our stations’ and networks’ ability to produce results for their advertisers. We market ourselves to advertisers based on the responsiveness of our audiences. We do not subscribe to traditional audience measuring services.

 

Each of our radio station affiliates allocates 3 minutes per hour of advertising time for our commercials at a preset time every hour based on the Music of Your Life clock.

 

Broadcast operating expenses include: (i) employee salaries, commissions and related employee benefits and taxes, (ii) facility expenses such as lease expense and utilities, (iii) marketing and promotional expenses, (iv) production and programming expenses, and (v) music license fees. In addition to these expenses, our network incurs programming costs and expenses for internet communication facilities.

 

 

 

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Health and Beauty

 

Our health and beauty operations are managed by Simply Whim, Inc., home to Whim®, a growing beauty brand that blends nature, nutrition, and science to deliver safe, effective products. Whim’s founder—a three-time cancer survivor currently undergoing treatment—has firsthand experience with regulatory gaps in the United States and is committed to raising industry standards. Proudly crafted in the USA, Whim is dedicated to offering responsible beauty solutions, particularly to those navigating the challenges of chemotherapy and daily life.

 

Expenses which comprise the costs of goods sold will include operational and staffing costs related to product development and product marketing costs. General and administrative expenses are comprised of administrative wages; office expenses; outside legal, accounting, and other professional fees; travel and other miscellaneous office and administrative expenses. Selling and marketing expenses include selling/marketing wages and benefits, advertising, and promotional expenses, as well as travel and other miscellaneous related expenses.

 

Because we have incurred losses, income tax expenses are immaterial. No tax benefits have been booked related to operating loss carryforwards, given our uncertainty of being able to utilize such loss carryforwards in future years. We anticipate incurring additional losses during the coming year.

 

RESULTS OF OPERATION

 

Following is management’s discussion of the relevant items affecting results of operations for the three months ended August 31, 2025 and 2024.

 

Revenues. The Company generated net revenues of $11,920 and $-0- during the three months ended August 31, 2025 and 2024. Revenues were generated from advertising spot sales on our syndicated radio network. Revenue for Health and Beauty is expected to be included in the company’s upcoming annual 10-K report for the year ending May 31, 2026.

 

Cost of Sales. Our cost of sales for Broadcasting and Digital Media was $-0- for the three months ended August 31, 2025 and 2024. Our cost of sales in the future will consist principally of licensing costs and royalties associated with our syndicated radio network, other related services provided directly or outsourced through our affiliates, as well as operational and staffing costs with respect thereto. Our Cost of Sales for Health and Beauty will be included in the company’s upcoming annual 10-K report for the year ending May 31, 2026.

 

Salaries and Consulting Expenses. Executive salaries remain unpaid and accruing for the period ended August 31, 2025. Accrued salaries and consulting expenses were $6,180 and $60,000 for the three months ended August 31, 2025 and 2024, respectively. We expect that salaries and consulting expenses, that are cash-based instead of share-based, will increase as we add personnel to build our health and beauty business.

 

Professional Fees. Professional fees were $46,217 and $-0- for the three months ended August 31, 2025 and 2024, respectively. Professional fees consist mainly of the fees related to the audits and reviews of the Company’s financial statements as well as the filings with the Securities and Exchange Commission. We anticipate that professional fees will increase in future periods as we scale up our operations.

 

Other Selling, General and Administrative Expenses. Other selling, general and administrative expenses were $13,074 and $640 for the three months ended August 31, 2025 and 2024, respectively. We anticipate that SG&A expenses will increase commensurate with an increase in our operations.

 

Other Income (Expenses). The Company had net other expenses of $2,252,762 for the three months ended August 31, 2025. During the three months ended August 31, 2025, the company recorded a gain on the extinguishment of debt in the amount of $1,760,461, income on the change in the fair value of the derivative liability in the amount of $297,276, loss on the markdown of investment in the amount of $3,700,000 and interest expenses related to notes payable in the amount of $610,499.

 

 

 

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LIQUIDITY AND CAPITAL RESOURCES

 

As of August 31, 2025, our primary source of liquidity consisted of $41,007 in cash and cash equivalents. We hold our cash reserves in a major United States bank. Since inception, we have financed our operations through a combination of short and long-term loans, and through the private placement of our common stock.

 

We have sustained significant net losses which have resulted in negative working capital and an accumulated deficit at August 31, 2025 of $4,186,461 and $18,118,250, respectively, which raises doubt about our ability to continue as a going concern. We generated a net loss for the three months ended August 31, 2025 of $2,306,313. Without additional revenues, working capital loans, or equity investment, there is substantial doubt as to our ability to continue operations.

 

We believe these conditions have resulted from the inherent risks associated with small public companies. Such risks include, but are not limited to, the ability to (i) generate revenues and sales of our products and services at levels sufficient to cover our costs and provide a return for investors, (ii) attract additional capital in order to finance growth, and (iii) successfully compete with other comparable companies having financial, production and marketing resources significantly greater than those of the Company.

 

We believe that our capital resources are insufficient for ongoing operations, with minimal current cash reserves, particularly given the resources necessary to expand our multi-media entertainment business. We will likely require considerable amounts of financing to make any significant advancement in our business strategy. There is presently no agreement in place that will guarantee financing for our Company, and we cannot assure you that we will be able to raise any additional funds, or that such funds will be available on acceptable terms. Funds raised through future equity financing will likely be substantially dilutive to current shareholders. Lack of additional funds will materially affect our Company and our business and may cause us to substantially curtail or even cease operations. Consequently, you could incur a loss of your entire investment in the Company.

 

CRITICAL ACCOUNTING PRONOUNCEMENTS

 

Our financial statements and related public financial information are based on the application of generally accepted accounting principles in the United States (“GAAP”). GAAP requires the use of estimates, assumptions, judgments, and subjective interpretations of accounting principles that have an impact on the assets, liabilities, revenues, and expense amounts reported. These estimates can also affect supplemental information contained in our external disclosures including information regarding contingencies, risk, and financial condition. We believe our use of estimates and underlying accounting assumptions adhere to GAAP and are consistently and conservatively applied. We base our estimates on historical experience and on various other assumptions that we believe to be reasonable under the circumstances. Actual results may differ materially from these estimates under different assumptions or conditions. We continue to monitor significant estimates made during the preparation of our financial statements.

 

Our significant accounting policies are summarized in Note 2 of our financial statements included in our May 31, 2025 Form 10-K. While all these significant accounting policies impact our financial condition and results of operations, we view certain of these policies as critical. Policies determined to be critical are those policies that have the most significant impact on our financial statements and require management to use a greater degree of judgment and estimates. Actual results may differ from those estimates. Our management believes that given current facts and circumstances, it is unlikely that applying any other reasonable judgments or estimate methodologies would cause a material effect on our results of operations, financial position or liquidity for the periods presented in this report.

 

We recognize revenue on arrangements in accordance with FASB ASC No. 605, “Revenue Recognition”.  In all cases, revenue is recognized only when the price is fixed and determinable, persuasive evidence of an arrangement exists, the service is performed, and collectability of the resulting receivable is reasonably assured.

 

 

 

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RECENT ACCOUNTING PRONOUNCEMENTS

 

We have reviewed accounting pronouncements issued during the past two years and have adopted any that are applicable to the Company. We have determined that none had a material impact on our financial position, results of operations, or cash flows for the periods presented in this report.

 

OFF-BALANCE SHEET ARRANGEMENTS

 

We do not have any off-balance sheet arrangements, financings, or other relationships with unconsolidated entities or other persons, also known as “special purpose entities” (“SPE”s).

 

Item 3. Quantitative and Qualitative Disclosures about Market Risks

 

Not applicable because we are a smaller reporting company.

 

Item 4. Controls and Procedures

 

Evaluation of Disclosure Controls and Procedures

 

Pursuant to Rule 13a-15(b) under the Securities Exchange Act of 1934 (“Exchange Act”), the Company carried out an evaluation, with the participation of the Company’s management, including the Company’s Chief Executive Officer (“CEO”) and Chief Financial Officer (“CFO”), of the effectiveness of the Company’s disclosure controls and procedures (as defined under Rule 13a-15(e) under the Exchange Act) as of the end of the period covered by this report. Based upon that evaluation, the Company’s CEO and CFO concluded that the Company’s disclosure controls and procedures were not effective to ensure that information required to be disclosed by the Company in the reports that the Company files or submits under the Exchange Act, is recorded, processed, summarized and reported, within the time periods specified in the SEC’s rules and forms, and that such information is accumulated and communicated to the Company’s management, including the Company’s CEO and CFO, as appropriate, to allow timely decisions regarding required disclosure as a result of continuing material weaknesses (such as the absence of an audit committee and absence of qualified independent directors) in its internal control over financial reporting. The disclosure controls and procedures were ineffective because there was no segregation of duties. One member of our management team handles all accounting duties including the recording of transactions, paying bills, and reconciling the bank account. We have minimized this risk by having an external accountant review all transactions and make the appropriate adjustments before the review by our external auditor.

 

Changes in Internal Controls Over Financial Reporting

 

There have been no changes in the Company's internal control over financial reporting during the latest fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Company's internal control over financial reporting.

 

 

 

 

 

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PART II - OTHER INFORMATION

 

Item 1. Legal Proceedings

 

Currently we are not aware of any litigation pending or threatened by or against the Company.

 

Item 1A. Risk Factors

 

Not applicable because we are a smaller reporting company.

 

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

 

See Note 7 in the notes to the financial statements.

 

With respect to the transactions in Note 7 to the financial statements, each of the recipients of securities of the Company was an accredited investor or is considered by the Company to be a “sophisticated person”, inasmuch as each of them has such knowledge and experience in financial and business matters that they are capable of evaluating the merits and risks of receiving securities of the Company. No solicitation was made, and no underwriting discounts were given or paid in connection with these transactions. The Company believes that the issuance of its securities as described above was exempt from registration with the Securities and Exchange Commission pursuant to Section 4(2) of the Securities Act of 1933.

 

Item 3. Defaults Upon Senior Securities

 

The Company has not paid the principal and interest due on 8 notes payable aggregating $326,644 at August 31, 2025. See Note 4 to the Consolidated Financial Statements.

 

Item 4. Mine Safety Disclosures

 

Not Applicable.

 

Item 5. Other Information

 

During the quarter ended August 31, 2025, no director or officer of the Company adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K.

 

Item 6. Exhibits

 

Exhibit No.   Description
3.1   Amended and Restated Articles of Incorporation of Music of Your life, Inc. (incorporated by reference to the Company's Form S-1/A filed on November 22, 2022)
3.2   Amended and Restated Bylaws of Music of Your Life, Inc. (incorporated by reference to the Company’s Form S-1/A filed on November 22, 2022)
31.1   Certification of Principal Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1   Certification of Principal Executive Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101.INS   XBRL Instance Document
101.SCH   XBRL Taxonomy Extension Schema Document
101.CAL   XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF   XBRL Taxonomy Extension Definition Linkbase Document
101.LAB   XBRL Taxonomy Extension Label Linkbase Document
101.PRE   XBRL Taxonomy Extension Presentation Linkbase Document

 

 

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

   

  The Marquie Group, Inc.
   
Date: October 14, 2025 By: /s/  Marc Angell
    Marc Angell
    Chief Executive Officer
    (Duly Authorized Officer and Principal Executive Officer)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Source: View Original Filing on SEC EDGAR

FAQ

What was TMGI's Q1 (Aug 31, 2025) net loss?

TMGI reported a net loss of $2,306,313 for the quarter ended August 31, 2025.

How much revenue did TMGI report for the quarter?

Net revenues were $11,920, generated from advertising spot sales on the syndicated radio network.

Did The Marquie Group issue a going concern warning?

Yes. Management cited $4,186,461 negative working capital and an $18,118,250 accumulated deficit as factors raising substantial doubt.

What caused the large loss this quarter for TMGI?

A $3,700,000 loss on markdown of the Simply Whim investment and $610,499 interest expense, partially offset by a $1,760,461 gain on extinguishment of debt.

What is TMGI’s cash position and equity as of quarter‑end?

Cash was $41,007; stockholders’ equity was a deficit of $(1,639,645).

How many TMGI shares are outstanding?

Following a 1-for-1,000 reverse split on June 5, 2025, there were 4,121,479 common shares outstanding as of October 3, 2025.

Does TMGI have an equity financing facility?

Yes. A $1.25 million Standby Equity Financing Agreement prices shares at 80% of the average of the two lowest VWAPs in the 5 trading days after the clearing date.
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Broadcasting
Communication Services
Link
United States
St. Petersburg