Byrn, Inc. has reported its financial results for the second quarter of 2025, revealing a continued lack of operational revenue and a net loss of $8,472 for the three months ending June 30, 2025. This marks an increase in losses compared to the same period in 2024, when the company reported a net loss of $2,293. For the first half of 2025, Byrn's net loss totaled $24,882, significantly higher than the $4,110 loss recorded in the first half of 2024. The company's total liabilities as of June 30, 2025, stood at $81,468, up from $56,586 at the end of 2024, primarily due to increased related party payables.

The company has not generated any revenue during the reported periods, and its operational expenses have risen sharply. Administrative expenses related to a related party increased to $8,472 in the second quarter of 2025, compared to $2,293 in the same quarter of the previous year. This trend reflects Byrn's ongoing struggle to establish a viable business model, as it remains in the process of developing a business plan and exploring potential acquisitions.

Byrn's financial position remains precarious, with a working capital deficit of $81,468 and an accumulated deficit of $117,546,993 as of June 30, 2025. The company has not engaged in any business activities that provide revenue or cash flow and is currently funded by interest-free loans from David Lazar, the company's custodian. The company has indicated that it is exploring opportunities for a reverse merger or similar transaction to acquire an operating entity, although no discussions have yet taken place with potential targets.

Looking ahead, Byrn's management anticipates incurring further operating losses as it continues to evaluate potential business combinations and fulfill its SEC reporting obligations. The company acknowledges the risks associated with identifying and implementing a viable business strategy, particularly in light of ongoing economic uncertainties. Byrn's ability to raise additional capital will be critical to its future operations, as it seeks to navigate the challenges of re-establishing itself in the market. The company has expressed the need for further financing to support its working capital requirements and to potentially fund a business combination in the future.

About Byrn, Inc.

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