Hestia Insight Inc. filed a Form 10-Q for the quarterly period ended August 31, 2026, reporting a net loss from continuing operations of $544,748 for the nine months ended August 31, 2026, alongside a total stockholders' deficit of $339,851.

Key Highlights

  • Net loss for nine months: The company reported a net loss of $441,239 for the nine months ended August 31, 2026, compared to a net loss of $934,426 for the same period in 2025.
  • Continuing operations loss: Loss from continuing operations was $544,748 for the nine months ended August 31, 2026, versus $225,479 for the prior-year period.
  • Total assets shrank to $3,852: Total assets as of August 31, 2026 were $3,852, down from $395,131 as of November 30, 2025, reflecting the elimination of current assets of discontinued operations.
  • Stockholders' deficit: Total stockholders' equity (deficit) was $(339,851) as of August 31, 2026, compared to equity of $116,886 as of November 30, 2025.
  • Discontinued operations gain: The company recorded income from discontinued operations of $103,509 for the nine months ended August 31, 2026, partially offsetting the loss from continuing operations.
  • Related party loan balance: The related party loan payable stood at $223,931 as of August 31, 2026, up from $173,931 as of November 30, 2025.
  • Shares outstanding unchanged: 27,939,260 shares of common stock, par value $0.001, were issued and outstanding as of October 26, 2026.

Hestia Insight's Financial Position Deteriorates as Discontinued Operations Wind Down

According to the filing, Hestia Insight Inc. (registered under Section 12(g) of the Exchange Act; common stock, par value $0.001 per share) reported zero consulting revenue for both the three and nine months ended August 31, 2026. Selling, general and administrative expenses for the nine-month period totaled $534,461, compared to $198,554 for the comparable prior-year period, producing an operating loss of $534,461. Interest expense for the nine months was $10,287, versus $6,648 in the prior-year period, bringing the total loss from continuing operations before taxes to $544,748.

The balance sheet disclosed a significant contraction in total assets, from $395,131 as of November 30, 2025 to $3,852 as of August 31, 2026. The filing noted that current assets of discontinued operations, which accounted for $395,131 at the prior fiscal year-end, were reduced to zero by August 31, 2026. Total current liabilities rose to $343,703 from $278,245, driven in part by an increase in the related party loan payable and the addition of $16,670 in short-term loans from shareholders. The accumulated deficit widened to $1,499,005 from $1,057,766.

The statement of changes in stockholders' equity disclosed a "disposal of subsidiary to related party" transaction during the nine months ended August 31, 2026, which reduced additional paid-in capital by $15,498. For the three months ended August 31, 2026, the company reported a net income of $37,732, attributable to $42,567 in income from discontinued operations partially offset by a $4,835 loss from continuing operations. The company identified itself as a non-accelerated filer, smaller reporting company, and emerging growth company in the filing.

What Was Disclosed

Hestia Insight Inc. filed its quarterly report for the period ended August 31, 2026, disclosing a nine-month net loss of $441,239, total assets of $3,852, a stockholders' deficit of $339,851, and the disposal of a subsidiary to a related party during the period.