Public Company Management Corporation Reports No Revenue and Increased Losses for Six Months Ended March 31, 2025

Public Company Management Corporation (PCMC) reported its financial results for the three and six months ended March 31, 2025, revealing a continued lack of revenue generation. The company reported no revenues for both periods, consistent with the previous fiscal year. Operating expenses increased to $18,530 for the three months ended March 31, 2025, compared to $16,500 for the same period in 2024. For the six months, operating expenses rose to $42,242 from $30,641 year-over-year. The net loss for the three months was $21,155, slightly higher than the $19,125 loss reported in the same quarter of the previous year. For the six months, the net loss increased to $47,492 from $30,641.

In terms of financial position, PCMC's total assets as of March 31, 2025, were $244,717, a significant increase from $100,035 at the end of the previous fiscal year. However, total liabilities also rose to $864,553 from $672,379, leading to a stockholders' deficit of $619,836, compared to $572,344 in the prior period. The increase in liabilities was primarily due to short-term payables, which rose to $400,000 from $175,000, and accrued interest payable, which increased to $89,279 from $84,029.

The company continues to focus on strategic developments, particularly in seeking a business combination with an operating company. Management indicated that they plan to utilize their limited resources to facilitate this goal, which may involve issuing additional shares of capital stock or incurring debt. As of March 31, 2025, PCMC had cash reserves of $244,717, up from $100,035 at the end of September 2024, primarily due to short-term financing received from investors.

Operationally, PCMC has not reported any significant changes in customer counts or user statistics, as the company has not generated revenue from its consulting services. The company’s management has acknowledged the challenges posed by a lack of business operations and the need for interim funding to cover professional fees and expenses. The company is dependent on financing from related parties, including Repository Services LLC and Specialty Capital Lenders LLC, to meet its cash requirements.

Looking ahead, PCMC's management expressed uncertainty regarding its ability to continue as a going concern, given its accumulated deficit of $5,673,852 and negative cash flows from operations. The company plans to continue reviewing its expense structure and raising funds through debt and equity financing. However, management cautioned that there is no assurance that additional financing will be available on acceptable terms, which could significantly impact the company's future operations and financial condition.