Atlantica, Inc. reported a net loss of $424,290 for the fiscal year ending December 31, 2025, compared to a net loss of $394,670 in the previous year. The company has not generated any revenue during this period, maintaining a consistent trend of no operational income. Total expenses for 2025 were $225,955, slightly higher than the $219,813 reported in 2024, primarily due to increases in general and administrative costs. The company's accumulated deficit has now reached $6,197,822, up from $5,773,532 in 2024.
The financial position of Atlantica remains precarious, with total assets reported at $0 for both 2025 and 2024. Current liabilities increased to $6,072,120 from $5,647,830, largely driven by loans from Mirabella Holdings, LLC, the company's majority shareholder. As of December 31, 2025, the outstanding loans from Mirabella amounted to $812,197, with accrued interest of $1,324,604. The company relies on Mirabella to cover its operating expenses, although there is no obligation for Mirabella to continue this support.
In terms of corporate governance, Atlantica has not engaged in any significant business operations since 1990 and is currently classified as a shell company. The company has 629 shareholders, with Alan D. Gordon, the President and CEO, holding 97.2% of the common stock through Mirabella Holdings. The company has not declared any dividends and does not anticipate doing so in the foreseeable future, as it focuses on maintaining its corporate standing and exploring potential acquisitions.
Looking ahead, Atlantica's management plans to consider various industries for potential business engagement and aims to commence operations through funding or acquisitions. However, the company faces substantial doubt regarding its ability to continue as a going concern due to its lack of revenue, negative cash flows, and reliance on loans from its principal shareholder. The management has acknowledged these risks and is actively seeking opportunities to stabilize and grow the business.
About ATLANTICA INC
Atlantica, Inc. is a publicly registered shell company incorporated in Utah, currently without active business operations or assets. Historically engaged in mining and real estate, it now seeks to acquire or merge with an operating business in any lawful industry. The company’s business model centers on serving as a public vehicle for private entities to access capital markets through reverse mergers or acquisitions.
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