Eco Science Solutions Reports $0 Revenue and Increased Net Loss for Quarter Ending July 31, 2025

Eco Science Solutions, Inc. has reported its financial results for the quarter ending July 31, 2025, revealing a continued lack of revenue generation. The company reported total revenue of $0 for both the three and six months ended July 31, 2025, and 2024. Operating expenses for the three months increased to $242,898 from $229,924 in the prior year, while for the six months, expenses decreased slightly to $497,193 from $505,987. The net loss for the quarter was $262,843, compared to a loss of $249,095 in the same period last year. For the six-month period, the net loss was $536,264, a slight improvement from the $543,708 loss reported in the previous year.

The company’s balance sheet as of July 31, 2025, shows total assets of $104,583, down from $107,272 at the end of January 2025. Current liabilities increased to $17,203,119 from $16,669,544, contributing to a working capital deficit of $17.20 million and an accumulated deficit of $79.26 million. The increase in liabilities is attributed to rising accounts payable and accrued expenses, which totaled $4,627,482, up from $4,411,737 in January 2025. The company continues to rely on loans from related parties to fund its operations, with total related party payables amounting to $6,984,306 as of July 31, 2025.

Strategically, Eco Science Solutions dissolved its wholly owned subsidiary, Ga-Du Corporation, on April 3, 2025, as part of a restructuring effort. This decision was made to streamline operations and focus on the core business of developing its Herbo software platform, which aims to provide enterprise resource planning (ERP) solutions for regulated industries. The company has not launched any new products or made significant acquisitions during this reporting period, and it remains focused on enhancing its existing software offerings.

Operationally, the company has not reported any customer growth or engagement metrics, as it continues to seek users for its software. The management has indicated that it is actively pursuing opportunities with state legislatures in legal cannabis markets and is looking for businesses that could benefit from its Herbo ERP and HerboPay financial software. However, the lack of revenue generation raises concerns about the company's ability to sustain operations without additional funding.

Looking ahead, Eco Science Solutions acknowledges the substantial doubt regarding its ability to continue as a going concern, primarily due to its ongoing financial losses and reliance on external funding. The company plans to seek additional financing through equity sales or loans to support its operations and development efforts. However, there are no guarantees that such funding will be available on favorable terms, which could significantly impact the company's future viability.