Defense Technologies International Corp. Reports $600,030 Net Loss, No Revenue for Nine Months Ending January 31, 2026

Defense Technologies International Corp. (DTIC) reported its financial results for the nine months ending January 31, 2026, revealing a continued lack of revenue generation. The company recorded a net loss of $600,030 for the period, compared to a loss of $345,991 in the same period of the previous year. Operating expenses decreased to $473,164 from $851,750, primarily due to reduced consulting and general administrative costs. The company’s total current assets stood at $7,791,000, down from $9,092,000 as of April 30, 2025, while total current liabilities increased significantly to $2,668,948 from $2,084,218.

In terms of operational metrics, DTIC's financial position reflects a working capital deficit of $2,661,157, which includes derivative liabilities of $68,645 related to convertible notes payable. The company’s accumulated deficit has grown to $18,628,736, indicating ongoing challenges in establishing a sustainable revenue stream. The total liabilities and stockholders’ deficit reached $2,661,157, up from $2,075,126 in the previous fiscal period. The company has not generated any revenue during the reported periods, which raises concerns about its ability to continue as a going concern.

Strategically, DTIC has focused on its subsidiary, Passive Security Scan, Inc. (PSSI), which is responsible for the development and marketing of security technology products. The company has been working on the production of the Offender Alert Passive Scan, an advanced system designed for detecting concealed threats. Despite these efforts, the company has not yet established a consistent source of revenue to cover its operating costs. The management plans to continue funding operations through debt and equity securities, as well as support from related parties.

The company’s employee headcount and customer engagement metrics were not disclosed in the filing, but the financial statements indicate a reliance on related party transactions to manage cash flow. As of January 31, 2026, the company had significant payables to related parties totaling $1,014,693, which underscores its dependency on these relationships for operational funding. The company’s outlook remains cautious, with management indicating that while they expect to raise additional funds through securities sales and loans, there is no guarantee of success in securing the necessary financing to support ongoing operations.

In summary, Defense Technologies International Corp. continues to face significant financial challenges, with no revenue generation and increasing losses. The company is actively pursuing strategic initiatives through its subsidiary, but its ability to sustain operations will depend heavily on securing additional funding and successfully launching its product offerings in the competitive security technology market.