Longevity Diversified Holdings, Inc. (formerly UBuyHoldings, Inc.) reported a net loss of $20,784 for the three months ended August 31, 2026, compared to a loss of $20,308 during the same period in 2025. The company's total operating expenses for the quarter were $20,784, slightly higher than the $20,308 recorded in the previous year. The company has not generated any revenue from operations, reflecting its current status as a shell company with no principal products or services.
The financial position of Longevity Diversified Holdings has shown a deterioration in stockholders' equity, with a total stockholders' deficit of $155,641 as of August 31, 2026, compared to a deficit of $134,857 at the end of the previous fiscal period. The company’s total liabilities increased to $162,341 from $134,857, primarily due to an increase in notes payable to related parties, which rose from $122,797 to $153,616. The company had no cash or cash equivalents at the end of the reporting period, raising concerns about its ability to continue as a going concern.
In terms of strategic developments, the company underwent significant organizational changes, including a name change to Longevity Diversified Holdings, Inc. and a one-for-ten reverse stock split approved by FINRA on July 1, 2026. The company has been under the management of Custodian Ventures LLC since July 2023, with David Lazar serving as CEO. The company has expressed intentions to explore potential business combinations, including acquisitions of operating entities, although no discussions have been initiated as of the report date.
Operationally, the company has no current customers or revenue-generating activities, and it is not subject to competitive business conditions. The management plans to investigate and evaluate potential business opportunities within the U.S. market, with a focus on identifying a viable business strategy. However, the company acknowledges the risks associated with its lack of operations and the uncertainties in securing financing for future endeavors.
Looking ahead, Longevity Diversified Holdings anticipates incurring operating losses in the next 12 months, primarily due to costs associated with SEC reporting obligations and potential business combination activities. The management has indicated that it may need to raise additional capital to fund operations and any future acquisitions. The company’s ability to secure financing on acceptable terms remains uncertain, which could significantly impact its operational viability and growth prospects.
About UBUYHOLDINGS INC
UbuyHoldings, Inc. is a Nevada shell company seeking to merge with or acquire an operating business across any industry or region. Its core activity involves identifying and completing a business combination to create shareholder value, relying on reverse mergers or asset acquisitions. The company has no current operations or revenue, limited resources, and faces significant risks related to finding suitable targets, dilution, and market liquidity.
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