Defense Technologies International Corp.

What they do

The company, through its consolidated subsidiary Passive Security Scan, Inc. (PSSI), holds an exclusive worldwide license to Controlled Capture Systems' passive scanning technology, which is used in walk-through personnel scanners and elevated body temperature detection stations. The products are designed for security at schools and other public venues and are based on passive sensing, not active radiation. The company has reported selling 10 units to two distributors to date and continues to develop the technology.

Revenue drivers

• Passive Portal — Walk-through scanner for weapon detection; first product line, contributed $49,012 in revenue in fiscal 2024, but no revenue in fiscal 2025 or the first nine months of fiscal 2026.
• Passive Portal with EBT — Variant that adds an infrared camera for elevated body temperature detection; part of the product portfolio but no specific sales or revenue figures disclosed.
• EBT Station — Standalone elevated body temperature screening station; part of the product portfolio but no specific sales or revenue figures disclosed.

Recent performance

In the fiscal year ended April 30, 2025, the company recorded no revenue, compared with $49,012 in the prior year. Net loss widened to $942,295 from $575,766 in fiscal 2024, driven by higher general and administrative costs, including legal and license expenses. Operating cash flow was negative $390,520 in fiscal 2025. For the nine months ended January 31, 2026, revenue was also zero, with operating expenses of $473,164 and a net loss partially offset by a $50,166 gain on debt settlement.

Strategy

Management plans to continue developing the passive scanning technology and conduct all sales and marketing through PSSI. They have added an infrared camera for elevated body temperature detection and are offering three product variants. The company is also pursuing additional digital imaging features to allow recall of traffic through the scanner. Funding for operations is expected to come from issuing debt and equity securities and continued related-party support.

Risks

• Going concern uncertainty — The company has no material revenue, a working capital deficit, and substantial doubt about its ability to continue as a going concern; financial statements do not include adjustments that might result if operations cease.
• Dependence on third-party license — The products rely on an exclusive license from Controlled Capture Systems; if the license is terminated or royalties are not paid, the company may lose rights to its core technology.
• Limited market traction — Only 10 units have been sold to two distributors, indicating minimal commercial adoption; revenue has been zero in the most recent periods.
• Financial and liquidity strain — As of January 31, 2026, the company had cash of $192 and total liabilities of $2.7 million against $7,791 in total assets, with shareholder equity negative $2.3 million.

Outlook

Management expects further losses as the company continues development of its security products. They plan to fund operations through equity and debt issuances and related-party support, but there is no assurance that such funding will be available. The company has not provided specific revenue guidance or near-term targets.