Defense Technologies International Corp. Reports Increased Net Loss and Decreased Operating Expenses

Defense Technologies International Corp. (DTIC) reported its financial results for the six months ending October 31, 2025, revealing a net loss of $408,226, a significant increase from a net loss of $73,214 during the same period in 2024. The company did not generate any revenue in either period. Operating expenses decreased to $329,412 from $529,582 year-over-year, primarily due to reduced consulting and administrative costs. Consulting expenses fell to $180,250 from $336,792, while general and administrative costs decreased to $149,162 from $192,790.

The company's total current assets as of October 31, 2025, were $7,662, down from $9,092 as of April 30, 2025. Current liabilities increased to $2,477,014 from $2,084,218, leading to a working capital deficit of $2,469,352. This deficit includes derivative liabilities of $53,333 related to convertible notes payable and significant payables to related parties totaling $937,877. The increase in liabilities was attributed to ongoing operational costs and the need for financing, as the company continues to seek funding through debt and equity securities.

In terms of strategic developments, DTIC has focused on its subsidiary, Passive Security Scan, Inc. (PSSI), which is responsible for the marketing and sales of its security technology products. The company has been working on the production of its Offender Alert Passive Scan system, which is designed to detect concealed threats. Despite the lack of revenue, the company aims to leverage its technology and expand its market presence, particularly in the security sector.

The company’s employee headcount remains limited, and it continues to rely on related parties for financial support. As of the latest report, DTIC has not established a consistent revenue stream, raising concerns about its ability to continue as a going concern. Management plans to address its capital needs through ongoing support from related parties and potential financing options. The outlook remains cautious, with expectations of further losses as the company develops its product offerings and seeks to establish a market presence.