Public Company Management Corporation Reports No Revenue and Increased Losses for Three and Nine Months Ended June 30, 2026

Public Company Management Corporation (PCMC) reported its financial results for the three and nine months ended June 30, 2026, revealing a continued lack of revenue generation. The company reported no revenues for both the three-month and nine-month periods, consistent with the previous year. Operating expenses increased to $24,560 for the three months and $117,498 for the nine months, compared to $23,239 and $59,481, respectively, in the same periods of 2025. The net loss for the three months was $24,560, slightly lower than the $25,864 loss reported in the prior year, while the nine-month net loss widened to $115,690 from $67,356.

The company's balance sheet as of June 30, 2026, showed total assets of $6,692, a significant decrease from $267,642 as of September 30, 2025. Current liabilities also decreased to $329,543 from $474,803, primarily due to a reduction in related party payables. However, the stockholders' deficit increased to $322,851 from $207,161, reflecting the ongoing operational losses. The company continues to face challenges in maintaining liquidity, with cash and cash equivalents dropping to $6,692 from $234,405 at the end of the previous fiscal year.

In terms of strategic developments, PCMC is pursuing a business combination with Physicians Capital Management Corporation, which focuses on healthcare real estate investments. This transaction, which is still subject to various approvals, is intended to enhance the company's operational capabilities and market presence. If completed, the shareholders of Physicians are expected to own approximately 80% of the combined entity, while existing PCMC shareholders will retain about 20%. This move is seen as a critical step for PCMC to revitalize its business model and potentially generate revenue.

Operationally, the company has not reported any significant customer counts or engagement metrics, as it has not engaged in business activities that provide cash flow. The company’s employee headcount remains unchanged at 34,276,816 shares of common stock outstanding. The management has indicated that it is actively seeking to reduce costs and improve its financial position, but the lack of revenue generation raises concerns about its ability to continue as a going concern.

Looking ahead, PCMC's management has expressed the need for additional financing to support its operations and complete the proposed business combination. The company is reliant on interim funding from related parties to cover operational costs. The financial statements include a going concern disclosure, highlighting the uncertainty surrounding the company's future viability. The management plans to continue exploring funding options while working towards the completion of the business combination, which they believe is essential for the company's long-term sustainability.