GHST World Inc. reported significant financial challenges in its latest 10-Q filing for the quarter ending March 31, 2026. The company recorded no revenue for the three months ended March 31, 2026, a decline from $4,755 in the same period last year. For the nine months ending March 31, 2026, revenues fell to $13,852 from $55,359 in the prior year. The net loss for the quarter was $25,587, an improvement from a loss of $31,532 in the previous year, while the nine-month net loss decreased to $75,740 from $89,963.
The company's total operating expenses for the nine months ended March 31, 2026, were $90,412, down from $145,322 in the same period last year. This reduction was primarily due to decreased general and administrative expenses, which fell to $77,373 from $136,358, although patent development costs increased to $13,039 from $8,964. GHST World Inc. continues to face an accumulated deficit of $14,140,537 as of March 31, 2026, compared to $14,064,797 at the end of the previous fiscal year.
In terms of operational developments, GHST World Inc. is focusing on the commercialization of its Smart Shin Guard, a wearable device designed for athletes, while also pursuing opportunities in the clean energy sector through its subsidiary, Insside. The company has entered agreements for solar energy projects in Italy, which it hopes will generate future revenue. However, as of now, the company has not yet realized material revenue from these initiatives.
The company’s cash position remains precarious, with only $968 available as of March 31, 2026, down from $2,518 at the end of June 2025. GHST World Inc. has relied heavily on advances from related parties, which amounted to $514,912 as of the latest reporting date. Management has expressed substantial doubt about the company's ability to continue as a going concern without raising additional capital or generating significant revenue.
Looking ahead, GHST World Inc. plans to raise at least $250,000 to meet its working capital needs over the next 12 months. The company acknowledges that its ability to achieve profitability is contingent upon successfully developing and marketing its products, particularly the Smart Shin Guard, and establishing a viable clean energy business. However, management cautions that various external factors, including economic conditions and market dynamics, may impact its operational capabilities and financial performance.
About GHST World Inc.
GHST World Inc. develops and markets innovative sports technology, notably the Smart Shin Guard, which monitors athlete performance metrics through patented data collection and analysis. The company focuses on athletic markets, primarily soccer, offering products for casual and professional athletes. It relies on intellectual property, strategic partnerships, and technological innovation to gain competitive advantages in sports analytics and wearable equipment markets.
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