Hoops Scouting USA

What they do

The company is building www.hoopsscoutingusa.com, a recruiting hub where high school basketball players post game film, AAU and high school schedules, stats and academic marks for college coaches at Division 1, Division 2, Division 3, NAIA and Junior College programs. Management describes an app that would work in unison with the website so players and coaches can upload stats and film from a smartphone. The company states it is in the development stage, and its only officer and director, Jamie Oei, is also its sole shareholder.

Revenue drivers

• Player membership — Players would pay for full memberships with unlimited video uploads or partial memberships limited to one or two videos; the 10-K lists this as the first of three planned streams, but no membership revenue has been reported.
• Coaching membership — Coaches would pay to receive emails and view player profiles; the filing describes the stream but reports no subscribers or revenue.
• Sponsorship — Sponsors would display ads on the website, app or videos and receive viewer data; no sponsorship revenue or agreements are disclosed.
• Grit Mobile Application — The company acquired all rights to the Grit Mobile Application and related products (website, Instagram account) from Grit Performance Athletics Inc. on February 17, 2023 for 37,500,000 restricted shares valued at $100,000; no revenue from these assets is disclosed.

Recent performance

For the three months ended March 31, 2026, the company reported revenue of $20,000 against $41,380 of operating expenditures, compared with operating expenditures of $9,757 in the prior-year quarter. For the nine months ended March 31, 2026, operating expenditures were $74,431 versus $18,796 a year earlier, and operating cash use was $34,868 versus $25,016. As of March 31, 2026, cash was $5,563, total assets $66,677, total liabilities $313,650 and shareholders' equity was negative $246,973. For fiscal 2025, the company reported a net loss of $20,118, no revenue, and operating cash use of $29,053, with an accumulated deficit of $311,837.

Strategy

Management's stated plan is to complete and launch the Hoops Scouting USA website and a companion mobile app that allow players to upload game film, schedules, stats and academic marks and let coaches recruit nationwide and internationally. The company intends to generate revenue from player memberships, coaching memberships and advertising/sponsorships, and it acquired the Grit Mobile Application and related assets in February 2023 to further that plan. It has funded operations primarily through small private placements of common stock, the sale of shares to its officer and director, and loans from that officer. Management states that available capital reserves are not sufficient to remain operational and that it will need additional equity or debt financing.

Risks

• Going concern — The 10-Q states there is substantial doubt about the company's ability to continue as a going concern, and management says the company would have to cease operations if it cannot raise additional capital.
• No revenue history — The company reported no revenue since inception, other than $20,000 in the quarter ended March 31, 2026, and its 10-K states it has not realized any revenues from operations.
• Dependence on one person — Jamie Oei is the sole officer, sole director and sole shareholder, and the company owed her $234,944 as of June 30, 2025 for expenses she paid on its behalf.
• No public trading market — The 10-K states the common stock is not traded on any exchange or over-the-counter market and there is no assurance a trading market will ever develop.

Outlook

Management states that the company needs to raise additional equity or debt to fund development of the website and app and to cover accounting, audit and filing costs, which it estimates at roughly $27,000 over the next twelve months. The 10-Q attributes the March 31, 2026 increase in total liabilities to amounts owed to the President and Director and to two loans payable to non-related parties totaling $16,000 that are unsecured, non-interest bearing and were due on or before March 31, 2026. The company says the outcome of these matters cannot be predicted and that failure to raise capital would require it to cease business operations.