Hoops Scouting USA reported a net loss of $33,021 for the six months ending December 31, 2025, a significant increase from the $9,039 loss recorded during the same period in 2024. The company's total expenses for the six months reached $33,021, compared to $9,039 in the previous year, reflecting a substantial rise in operational costs. The company has not generated any revenue during this period, maintaining a working capital deficit of $193,808, which has increased from $160,787 as of June 30, 2025. The accumulated deficit has also grown to $344,858, up from $311,837 in the prior fiscal period.
In terms of financial position, Hoops Scouting USA reported total assets of $76,967 as of December 31, 2025, a slight decrease from $76,889 at the end of June 2025. The company's liabilities increased to $286,775 from $253,676, primarily due to amounts owed to its President and Director, which rose to $264,485. The company continues to face challenges in its financial health, raising substantial doubt about its ability to continue as a going concern without additional financial support or successful operational strategies.
Operationally, the company has not made significant strides in customer acquisition or product adoption, as it has not reported any revenues or user statistics. The company is in the process of promoting its website and developing a mobile application to enhance its service offerings. Additionally, management is exploring potential partnerships with existing scouting services and college sports sponsorship consulting firms to bolster its market presence.
The company’s strategic developments include the acquisition of the Grit Mobile Application in February 2023 for $100,000, which has since been fully impaired, indicating that the asset is no longer expected to provide future economic benefits. This impairment reflects the company's ongoing struggle to establish a viable business model. As of December 31, 2025, the company had no cash flow from operations, with cash balances reported at $98, a decrease from $20 at the end of June 2025.
Looking ahead, Hoops Scouting USA's management acknowledges the uncertainty surrounding its ability to generate cash flows from operations. The company is focused on securing additional financing and developing its product offerings to achieve profitability. However, the lack of revenue generation and increasing operational losses present significant challenges that could impact the company's future viability. The management's forward-looking statements emphasize the need for continued financial support and successful execution of its strategic initiatives to navigate these challenges.
About HOOPS SCOUTING USA
Hoops Scouting USA is a platform providing basketball scouting services for high school and college players, enabling athletes to showcase game footage, stats, and schedules. It targets youth to collegiate athletes and coaches, facilitating recruitment and talent evaluation. The company also develops a training app, Grit App, offering personalized drills and performance programs. Its business model relies on memberships, sponsorships, and digital training products.
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