Blackwell 3D Construction Corp. Reports No Revenue and Significant Losses in Latest Quarterly Filing

Blackwell 3D Construction Corp., formerly known as Power Americas Resources Group Ltd., reported significant financial challenges in its latest quarterly filing for the period ending February 28, 2025. The company recorded no revenue for both the three and nine months ended February 28, 2025, mirroring the same lack of revenue in the previous fiscal period. Operating expenses surged to $822,547 for the three months and $2,444,567 for the nine months, compared to $8,170 and $48,986, respectively, in the prior year. The substantial increase in operating expenses is attributed to stock issued for services, which has raised concerns about the company's financial sustainability.

The net loss for the quarter was $834,392, a significant increase from a loss of $4,248 in the same quarter of the previous year. For the nine-month period, the net loss escalated to $2,475,793, compared to $49,289 in the prior year. The company's accumulated deficit now stands at $11,708,607, raising substantial doubt about its ability to continue as a going concern. The filing indicates that the company is heavily reliant on external funding, having used $299,051 in cash for operations during the nine months, compared to $52,356 in the same period last year.

In terms of operational changes, Blackwell 3D Construction underwent a significant corporate restructuring, including a name change and a reverse stock split approved by shareholders. The company also appointed a new CEO, Mark Croskery, following the resignation of Kevin G. Malone in September 2022. Additionally, the company unwound a previous asset purchase agreement with Ramasamy Balasubramanian, which included the return of assets and the resignation of Balasubramanian from key executive roles.

The company’s financial position remains precarious, with total current assets of only $1,453 against current liabilities of $804,465, resulting in a working capital deficit of $803,012. Financing activities provided $300,504 in cash for the nine months ended February 28, 2025, primarily from notes payable and stock issuances, compared to $52,302 in the previous year. However, the company has no firm agreements for future financing, which could further restrict its operational capabilities and growth potential.

Looking ahead, Blackwell 3D Construction Corp. acknowledges the need for additional capital to sustain its operations and pursue growth. Management plans to seek funding through private placements and public offerings of its common stock, although there are no assurances that these efforts will be successful. The company’s ability to continue operations will depend on its capacity to achieve profitable operations and generate sufficient cash flow to meet its obligations.