Neuralbase AI Reports $133K Net Loss in Q2 2025, Seeks Additional Funding

NEURALBASE AI LTD. has reported its financial results for the second quarter of 2025, revealing a net loss of $133,270 for the three months ending June 30, compared to a significantly larger loss of $730,207 during the same period in 2024. For the first half of 2025, the company recorded a net loss of $154,667, down from $767,231 in the prior year. Notably, the company reported no revenue for both the three and six months ended June 30, 2025, consistent with the previous year. Operating expenses surged to $126,683 for the quarter, up from $6,275 in 2024, primarily due to increased wages for the former CEO.

The company's total liabilities as of June 30, 2025, stood at $767,764, an increase from $708,997 at the end of 2024. The working capital deficit also widened to $767,764 from $708,997. The increase in liabilities was attributed to a rise in notes payable, which increased to $202,485 from $143,039. The company has accumulated a total deficit of $4,120,024, raising concerns about its ability to continue as a going concern without securing additional funding.

In terms of strategic developments, NEURALBASE AI has undergone significant organizational changes, including the appointment of Frank Gomez as the new CEO following the resignation of Charandeep Gopishetty in May 2024. The company also entered into an Asset Purchase Agreement to acquire proprietary artificial intelligence assets related to "Multidoc AI," which allows businesses to create AI assistants for document management. This acquisition was executed in exchange for 9,000,000 restricted shares of Series A Preferred Stock, which can convert into common stock, thereby giving the seller substantial voting control.

Operationally, NEURALBASE AI has not reported any customer counts or user statistics, and there are no indications of geographic expansion or product adoption rates in the filing. The company’s employee headcount remains unspecified, but the increase in operating expenses suggests a potential rise in personnel costs. The management has indicated that future operating expenses are expected to increase as the company aims to generate licensing revenue from its core products.

Looking ahead, NEURALBASE AI's management has expressed uncertainty regarding its ability to secure necessary funding for operations. The company plans to seek additional financing through private equity offerings to support its operational and marketing activities. However, there is no assurance that such funding will be available on acceptable terms, which could significantly impact the company's ability to continue its business operations. The financial statements have been prepared on a going concern basis, reflecting the ongoing challenges the company faces in achieving profitability and operational sustainability.