Byrn, Inc. Reports $16,410 Net Loss and No Revenue in Q1 2025

Byrn, Inc. has reported its financial results for the first quarter of 2025, revealing a net loss of $16,410, compared to a loss of $1,817 in the same period of the previous year. The company did not generate any revenue during this quarter, maintaining a consistent trend of no operational income. Operating expenses increased significantly, rising to $16,410 from $1,817 year-over-year, primarily due to higher administrative costs related to related party transactions. As of March 31, 2025, Byrn's total liabilities stood at $72,996, up from $56,586 at the end of 2024, reflecting an increase in accounts payable and related party payables.

The company continues to operate without any ongoing business activities, focusing instead on exploring potential acquisitions and business opportunities within the U.S. Byrn's management has indicated intentions to pursue a reverse merger or similar transaction to revitalize its operations. However, as of the reporting date, there have been no discussions with potential partners regarding such a business combination. The company is currently funded by interest-free loans from David Lazar, its court-appointed custodian, who extended $15,297 in loans during the quarter.

Byrn's financial position remains precarious, with a working capital deficit of $72,966 and a negative shareholders' equity of $117,538,521 as of March 31, 2025. The company has acknowledged that it does not expect existing operational cash flow to be sufficient to fund anticipated operations, raising substantial doubt about its ability to continue as a going concern. Management plans to explore additional financing options, including private placements and short-term loans, to support its working capital needs until it can establish a profitable operation.

In terms of operational metrics, Byrn has not reported any customer counts or user statistics, as it has no current operations. The company has maintained its share structure, with 419,984,423 common shares issued and outstanding, and 10,000,000 preferred shares, which carry super voting rights. The lack of operational activity and revenue generation underscores the challenges Byrn faces in executing its business strategy and achieving financial stability.

Looking ahead, Byrn's management anticipates incurring further operating losses in the next 12 months, primarily due to costs associated with SEC reporting and the ongoing search for viable business opportunities. The company recognizes the risks associated with potential acquisitions, particularly in identifying financially stable targets and navigating the complexities of the current economic environment. Byrn's future will depend on its ability to secure additional funding and successfully implement a business plan that can lead to sustainable operations.