LataMed AI Corp. (formerly known as Catalyst Crew Technologies Corp.) reported no revenue for the three and six months ended June 30, 2026, maintaining the same status as the previous fiscal period. The company recorded a net loss of $87,408 for the second quarter of 2026, compared to a loss of $29,182 in the same quarter of 2025. For the first half of 2026, the net loss increased to $140,221 from $53,637 in the prior year. The rise in losses is attributed to increased operating expenses, which surged to $77,045 in Q2 2026 from $19,854 in Q2 2025, primarily due to higher professional fees.
The company’s total current liabilities as of June 30, 2026, stood at $771,081, up from $630,860 at the end of 2025. This increase reflects the ongoing financial challenges faced by LataMed, which has accumulated a deficit of $29,741,007 since its inception. The company has no current cash reserves and is reliant on external financing to sustain operations. Cash flows from financing activities were $83,418 for the first half of 2026, matching the amount raised in the same period of 2025, indicating a continued reliance on debt issuance.
Strategically, LataMed AI Corp. has been focusing on developing an artificial intelligence-enabled digital healthcare platform aimed at the Latin American market. The company has made significant strides in integrating the intellectual property acquired earlier in 2026 and is advancing its operational infrastructure to support future commercialization. The wholly-owned Venezuelan subsidiary, Inversiones Long 33, C.A., remains the primary operational platform, with ongoing efforts in regulatory planning and technology integration.
In terms of organizational changes, LataMed AI Corp. underwent a corporate rebranding and appointed new leadership, including Kevin Rodan Levy as President and CEO. The company is also exploring opportunities for geographic expansion beyond Latin America, although it has yet to generate revenue from its initiatives. Management remains optimistic about establishing a regulatory and operational foundation for future commercialization, despite the current financial uncertainties. The company plans to seek additional funding through private equity offerings to support its operational and marketing activities.
About LataMed AI Corp.
Catalyst Crew Technologies Corp. is a development-stage company focused on facial recognition technology (FRT). It develops AI-driven biometric systems for security, access control, and identity verification across industries such as retail, healthcare, finance, and hospitality. The company aims to provide accurate, ethical, and regulatory-compliant solutions to enhance security, streamline operations, and enable contactless interactions worldwide.
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