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VEST

Loan Artificial Intelligence Corp.

VEST Services-Amusement & Recreation Services EDGAR ↗
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Key statistics

from XBRL data in SEC filings
Market cap ⓘ
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Revenue (TTM) ⓘ
$0.00
Net income (TTM) ⓘ
-$94.0K
EPS (TTM) ⓘ
$-0.21
P/E ratio ⓘ
—
Dividend yield ⓘ
—
Free cash flow ⓘ
—
Cash ⓘ
$0.00
Total assets ⓘ
$0.00
Gross margin ⓘ
—
52-week range ⓘ
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AI briefing

from the latest 10-K, 10-Q and 8-K events

Loan Artificial Intelligence Corp. is a developmental-stage shell company with no revenue, no cash, and a history of abandoned business lines, currently seeking a merger or acquisition.

What they do

The company is a Florida-incorporated entity with no current operations. It describes itself as a developmental stage company focused on mergers, acquisitions, and other financial transactions. It has not implemented a business plan and has no definitive arrangements for any business combination. Its only recent activity was the disposal of its subsidiary, Fun Fitness Corporation, in December 2023.

Recent performance

For the fiscal years 2022 through 2025, the company reported zero revenue. Net income was $2.1 million in 2022, then losses of $48,929 in 2023, $52,675 in 2024, and $79,336 in 2025. Operating cash flow was negative in each year, reaching -$52,611 in 2025. As of June 30, 2026, total assets were $0, total liabilities were $218,579, and shareholder equity was -$218,579, with cash of $0.

Strategy

Management states the company is seeking potential business combination opportunities but has no current plans or agreements. It has not restricted its search to any specific industry or geography. The company may consider mergers, consolidations, reorganizations, joint ventures, or asset purchases. It may also retain finders or business acquisition firms, with compensation potentially in cash or securities. There is no assurance the company will be the surviving entity in any transaction.

Risks

  • No revenue and operating losses — The company has never generated revenue and has incurred operating losses in each of the last three fiscal years, with no expectation of revenue until further business development.
  • Going concern doubt — Independent auditors expressed substantial doubt about the company's ability to continue as a going concern due to negative cash flow and minimal cash.
  • Insufficient capital — With $0 cash and $218,579 in liabilities as of June 30, 2026, the company will need to raise substantial funds and there is no assurance it can do so.
  • Uncertainty of acquisition success — The company has no definitive acquisition or merger agreements, and any potential transaction may result in loss of control by current shareholders or resignation of existing directors.

Outlook

Management does not expect to generate revenue until it completes an acquisition or other transaction, and anticipates operating expenses without corresponding revenues. The company will likely need to raise additional capital, but there are no assurances it will be successful. It continues to explore business opportunities but has not identified any specific target.

Recent SEC filings

37 most recent
Annual, quarterly & current reports
Other filings