Concrete Leveling Systems Reports Revenue Decline and Net Loss for Fiscal Year Ending July 31, 2025

Concrete Leveling Systems, Inc. (CLEV) reported a revenue of $703,778 for the fiscal year ending July 31, 2025, a decrease from $778,000 in the previous year. The decline in revenue is attributed to reduced sales of concrete leveling parts, reflecting a decrease in demand within that segment. The company's cost of sales also decreased to $219,229 from $229,000, aligning with the drop in revenue. Operating expenses rose slightly to $51,597 from $49,349, primarily due to increased legal and professional fees. Consequently, the company recorded a net loss of $61,390, an improvement from the net loss of $65,985 reported in the prior year.

The company’s total assets increased to $19,479,000 as of July 31, 2025, compared to $18,666,000 in 2024. However, total liabilities also rose significantly to $641,128 from $578,925, resulting in a stockholders' deficit of $621,649, up from $560,259. The increase in liabilities is largely due to advances from related parties, which have been essential for funding operations while awaiting the completion of a merger with Jericho Associates, Inc. This merger, if finalized, would allow Concrete Leveling Systems to operate in both the concrete leveling and gaming/hospitality sectors.

As of July 31, 2025, the company reported no full-time or part-time employees, indicating a lean operational structure. The company has been utilizing office space rent-free from its president, which has helped manage costs. The lack of a backlog suggests that the company is currently not engaged in any significant projects, which may impact future revenue generation. The company’s stock is traded on the OTC Pink marketplace, with 14,027,834 shares outstanding as of October 29, 2025.

Looking ahead, Concrete Leveling Systems anticipates that the addition of the gaming and hospitality division will enhance revenue generation in the upcoming fiscal year. However, the company has expressed concerns regarding its ability to sustain operations without sufficient revenue, indicating a need for additional financing through debt or equity sales. The management has acknowledged the substantial doubt about the company's ability to continue as a going concern, emphasizing the importance of successfully developing and marketing its products to achieve profitability. The company plans to implement changes to its internal controls and governance structure in the 2026 fiscal year to address identified weaknesses.