Fuss Brands Corp. Reports $98K Net Loss, Seeks Financing Amid Operational Challenges

Fuss Brands Corp. reported its financial results for the six months ending April 30, 2025, revealing a net loss of $98,375, a significant reduction from the $2.68 million loss recorded during the same period in 2024. The company has not generated any revenue during this period, maintaining a consistent trend from the previous fiscal year. Operating expenses for the first half of 2025 totaled $95,839, down from $2.68 million in the prior year, primarily due to reduced administrative costs. The company’s cash position improved slightly, with cash on hand increasing to $5,618 from $1,440 at the end of October 2024.

In terms of balance sheet changes, Fuss Brands Corp. reported total assets of $236,108 as of April 30, 2025, compared to $228,180 at the end of October 2024. Total liabilities increased to $1,021,804 from $915,501, largely due to an increase in notes payable to related parties, which rose to $611,440 from $513,740. The company’s stockholders’ deficit also widened to $785,696 from $687,322, reflecting ongoing operational challenges and the accumulation of losses.

Strategically, Fuss Brands is in the process of fulfilling a significant purchase order for luggage worth $925,000, which it received in January 2023. This order marks a pivotal step in the company’s transition from a shell status to active operations. The management is also exploring potential business combinations, including acquisitions or mergers, to enhance its operational capabilities. However, as of the report date, no discussions have been initiated with potential partners.

Operationally, the company has seen a slight increase in its common stock outstanding, with 21,453,078 shares as of April 30, 2025, compared to 19,090,078 shares at the end of October 2024. The company continues to rely on funding from related parties, with total funding from CEO Cheskel Meisels amounting to $495,495 over the past 18 months. Despite these efforts, the company faces substantial doubt regarding its ability to continue as a going concern, as it lacks sufficient working capital to fund operations over the next 12 months.

Looking ahead, Fuss Brands Corp. acknowledges the need for additional financing to support its operations and potential growth strategies. The management is actively seeking alternative funding sources, including private placements and short-term loans, to address its capital needs. The company’s future performance will depend on its ability to successfully execute its business plan, manage operational risks, and navigate the challenges posed by market conditions.