Loan Artificial Intelligence Corp. Reports Increased Losses and Ongoing Revenue Challenges

Loan Artificial Intelligence Corp., formerly known as Vestiage, Inc., has reported its financial results for the six months ending June 30, 2026, revealing a continued lack of revenue generation. The company recorded a net loss of $28,873 for the period, compared to a net loss of $14,256 for the same period in 2025, marking a 50.6% increase in losses year-over-year. Operating expenses also rose significantly, totaling $28,873 in 2026, up from $14,256 in 2025, primarily due to increased professional fees and general administrative costs.

The company's balance sheet reflects a total liability of $218,579 as of June 30, 2026, an increase from $189,706 at the end of 2025. The stockholders' deficit has also widened, from $189,706 to $218,579 during the same period. The company has not generated any revenue since its inception and continues to rely on funding from related parties to cover operational expenses. As of June 30, 2026, the outstanding amount due to related parties was $180,768, up from $140,136 at the end of the previous fiscal year.

Strategically, Loan Artificial Intelligence Corp. has undergone significant changes, including a name change and a reverse stock split effective September 23, 2025. The company is actively pursuing business combinations and has identified Hong Technology Co., Limited as a potential acquisition target. This Hong Kong-based technology firm specializes in artificial intelligence and data analytics, and the acquisition is seen as a key step in establishing a revenue-generating operation. However, as of now, no definitive agreements have been reached.

Operationally, the company has not reported any customer counts or user statistics, as it remains in the developmental stage. The management has indicated that it is seeking to secure additional capital to fund its operations and is exploring various business opportunities. The outlook remains uncertain, with management acknowledging substantial doubt about the company's ability to continue as a going concern without securing further financing or successfully executing a business combination.

In summary, Loan Artificial Intelligence Corp. continues to face challenges in establishing a viable business model, with no revenue generated and increasing losses. The company is focused on potential acquisitions and securing funding from related parties, but the path forward remains unclear as it navigates the complexities of re-establishing its operations.