Vestiage Reports Improved Net Loss but Continues Lack of Revenue in Q2 2025

Vestiage, Inc. reported its financial results for the second quarter of 2025, revealing a continued lack of revenue generation. For the three months ended June 30, 2025, the company recorded a net loss of $7,875, a significant improvement compared to a net loss of $20,312 during the same period in 2024. For the six months ending June 30, 2025, the net loss was $14,256, down from $26,884 in the prior year. Operating expenses also decreased, totaling $7,875 for the second quarter of 2025, compared to $20,312 in the same quarter of 2024, primarily due to reduced professional fees and administrative costs.

The company’s balance sheet as of June 30, 2025, showed total liabilities of $124,626, an increase from $110,370 at the end of 2024. The stockholders' deficit widened to $124,626 from $110,370, reflecting the ongoing operational losses. Vestiage has not generated any revenue since its inception, and as of the latest report, it had no cash on hand, indicating a critical liquidity position. The company continues to rely on advances from related parties to fund its operations, with outstanding amounts due to related parties increasing slightly to $89,536 from $87,525.

Strategically, Vestiage has undergone significant changes, including a name change to Loan Artificial Intelligence Corp. and a planned reverse stock split of 1-for-800, which was approved by shareholders on June 2, 2025. This restructuring aims to enhance the company's market position and attract potential investors. The company also executed a Share Exchange Agreement with Fun Fitness Corporation in late 2022, although it disposed of this subsidiary by the end of 2023, recognizing a gain of $7,748 on the transaction.

Operationally, Vestiage has not reported any customer counts or user statistics, as it remains in a developmental stage without established revenue streams. The company has not engaged in any investing activities during the first half of 2025, and its focus remains on identifying potential business opportunities for future growth. Management has indicated that it is actively seeking suitable merger candidates to facilitate a business combination that could provide product or service growth potential.

Looking ahead, Vestiage's management acknowledges the challenges of continuing operations without revenue and the need for additional capital to fund its business plan. The company has expressed uncertainty regarding its ability to raise funds and achieve profitable operations, which raises substantial doubt about its ability to continue as a going concern. The management's forward-looking statements emphasize the importance of securing financing and successfully executing its business strategy to ensure the company's viability in the future.