Loan Artificial Intelligence Corp., formerly known as Vestiage, Inc., reported its financial results for the first quarter of 2026, revealing a net loss of $8,641, compared to a net loss of $6,381 in the same period last year. The company has not generated any revenue during this period, maintaining a consistent trend from the previous year. Operating expenses increased by 35.4% to $8,641, primarily due to higher professional fees and general administrative costs. The loss per share for the quarter was $(0.019), compared to $(0.014) in the prior year.
In terms of financial position, Loan Artificial Intelligence Corp. reported total liabilities of $198,347 as of March 31, 2026, up from $189,706 at the end of 2025. The company continues to operate with a stockholders' deficit of $(198,347), reflecting an increase from $(189,706) in the previous quarter. The company has no cash on hand and has relied on advances from related parties to cover operational expenses, with amounts due to related parties increasing to $177,767 from $140,136.
Strategically, the company has undergone significant changes, including a name change and a reverse stock split effective September 23, 2025. The reverse stock split was executed at a ratio of 1-for-800, aimed at consolidating shares to enhance the company's marketability. Additionally, Loan Artificial Intelligence Corp. has identified Hong Technology Co., Limited as a potential acquisition target, which specializes in artificial intelligence and technology-enabled products. The company is currently in the process of negotiating definitive agreements for this acquisition.
Operationally, Loan Artificial Intelligence Corp. has not reported any customer counts or user statistics, as it has not yet implemented its business plan. The company is in a developmental stage, focusing on mergers and acquisitions, and is actively seeking business combination opportunities. The management has indicated that it may take up to 90 days to evaluate potential candidates for acquisition once identified. The company has not engaged in any investing activities during the reported quarter.
Looking ahead, the company acknowledges substantial doubt about its ability to continue as a going concern due to its lack of revenue and reliance on external financing. Management is exploring avenues for raising capital to fund its operations and is aware of the risks associated with establishing a new business enterprise. The company has not entered into any definitive agreements for business combinations as of the date of this filing, and its future performance remains uncertain.
About Vestiage, Inc.
Vestiage, Inc. is a developmental stage company focused on mergers, acquisitions, and financial transactions. It seeks business combination opportunities across industries, with no current revenue or operational activities. The company has undergone significant corporate restructuring, including custodianship and disposal of subsidiaries. Its core value lies in identifying growth prospects and executing strategic mergers, aiming to create value for shareholders through business development and financial expertise.
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