Medicale Corp.

What they do

Medicale Corp. was incorporated in Nevada on August 17, 2020, and has not yet commenced any operations. All activity to date is limited to preserving cash, attempting to raise capital, and maintaining public reporting obligations. The company has no products, services, or revenue.

Recent performance

For the fiscal year ended September 30, 2025, Medicale reported a net loss of $41,153, a 29% improvement from the $58,213 loss in 2024, due to lower consulting fees. Operating expenses fell to $33,493 from $54,707, but other expenses rose 118% to $7,660. Cash used in operations was $23,008, down from $83,585, and financing provided $22,849 from convertible notes. At year-end, cash was $0, current liabilities were $33,652, and the company had a working capital deficiency of $33,652. In the first quarter of 2026 (three months ended December 31, 2025), the net loss was $5,290, down from $16,680 in the prior-year quarter.

Strategy

Management intends to fund operating expenses through additional capital raised in the capital markets. The company believes existing resources may be inadequate to continue as a going concern and may modify, delay, or abandon business plans if financing is not obtained. No specific business strategy or investment priorities have been disclosed beyond preserving cash and seeking funding.

Risks

• No revenue and no operations — The company has never generated revenue and has not commenced operations, making it entirely dependent on external funding.
• Going concern — Management states that existing capital resources may not be adequate to continue as a going concern, with $0 cash and a working capital deficiency at the latest balance sheet date.
• Shareholder equity deficit — As of December 31, 2025, total liabilities exceeded assets by $145,376, and shareholder equity was negative, indicating insolvency.
• Dilution risk — Funding has come from convertible notes, which may convert into common shares and dilute existing shareholders.

Outlook

Management expects to operate at a loss while developing the business and will depend on additional investment capital in the near future. There is no stated timeline or plan for generating revenue. The company may need to curtail or abandon plans if it cannot raise funds.