Oyocar Group Inc.

What they do

Oyocar Group sells used cars sourced from the United States to customers in both the USA and the Dominican Republic. Its services include vehicle inspection, necessary repairs, shipping logistics, and customs clearance. The company is a start-up with minimal operations and relies on external capital to fund its activities.

Revenue drivers

• Used car sales to customers in the USA and Dominican Republic — The company's sole revenue source, generated $81,936 in fiscal 2025 and $46,959 in fiscal 2024, with gross profit of $7,269 and $7,020, respectively. In the nine months ended May 31, 2026, revenue was $0 versus $64,195 in the same period of 2025.

Recent performance

For the nine months ended May 31, 2026, the company reported $0 revenue, down from $64,195 in the prior-year period, and a net loss of $26,361 versus $34,465 a year earlier. Operating expenses fell to $26,361 from $40,847, but cash used in operations increased to $37,270 from $10,500. As of May 31, 2026, total assets were $1,933, total liabilities were $12,506, and stockholders' deficit was $10,573; cash and equivalents were negative $26. Annual revenue grew from $46,959 in fiscal 2024 to $81,936 in fiscal 2025, but net loss widened from $23,600 to $38,654.

Strategy

Management plans to finance operations through existing funds and future issuances of equity or debt securities, as it has no lines of credit or bank financing. The company intends to increase operating expenses and capital expenditures for developmental costs associated with its start-up business and marketing. It anticipates additional capital raises to meet long-term operating requirements, noting that future equity issuances will dilute current shareholders.

Risks

• Going concern — Financial statements are prepared on a going-concern basis but the company has an accumulated deficit of $63,242 as of August 31, 2025, negative working capital, and no revenue in recent quarters, raising substantial doubt about its ability to continue.
• Revenue collapse — Revenue dropped to $0 in the first nine months of fiscal 2026, from $64,195 in the same period of fiscal 2025, indicating a complete cessation of sales activity.
• Negative equity and cash — As of May 31, 2026, shareholders' equity was negative $10,573 and cash and equivalents were negative $26, reflecting a deteriorated balance sheet.
• Dependence on external financing — The company has no credit facilities and relies on related-party loans and securities issuances; additional financing may not be available on acceptable terms, which could materially restrict operations.

Outlook

Management states that existing working capital, further advances, and debt instruments, along with anticipated cash flow, are expected to be adequate for the next six to twelve months, despite the absence of revenue. They expect to raise additional capital through the sale of equity or debt securities to fund operations and growth. However, given the current lack of revenue and negative equity, the outlook is highly uncertain.