Medo Technologies, Inc. (formerly Bryn Inc.) filed a Form 10-Q with the SEC on November 13, 2026, covering the quarterly and nine-month periods ended September 30, 2026, disclosing a net loss of $400,884 for the nine months ended on that date and a total stockholders' deficit of $395,563.

Key Highlights

  • Net loss for nine months: The company reported a net loss of $400,884 for the nine months ended September 30, 2026, compared to $28,582 for the same period in 2025.
  • Third-quarter net loss: Net loss for the three months ended September 30, 2026 was $191,301, compared to $3,700 in the prior-year quarter.
  • Total assets: Total assets were $1,641 as of September 30, 2026, up from $0 at December 31, 2025.
  • Total liabilities: Total liabilities were $397,204 as of September 30, 2026, including related party loans of $321,874 and accounts payable of $75,330.
  • Reverse stock split: Effective September 23, 2026, the company implemented a 1-for-100,000 reverse split of its outstanding common stock.
  • Shares outstanding: As of November 13, 2026, the company had 4,486 shares of common stock issued and outstanding.
  • Shell company status: The registrant indicated it is a shell company as defined in Rule 12b-2 of the Exchange Act.

Medo Technologies Financial Position and Operations Through September 2026

According to the filing, Medo Technologies, Inc. - formerly named Bryn Inc. - is a Nevada corporation headquartered in Coral Gables, Florida. The company reported no revenue for either the three-month or nine-month periods ended September 30, 2026 and 2025. All operating expenses consisted of administrative expenses, which totaled $400,884 for the nine months ended September 30, 2026, sharply higher than the $28,582 recorded in the comparable 2025 period. The filing noted the company has not filed all required reports during the preceding 12 months and has not been subject to filing requirements for the past 90 days, as indicated by the check boxes on the cover page.

The balance sheet as of September 30, 2026 showed total assets of $1,641, consisting of prepaid expenses of $536 and accounts receivable of $1,105. Against this, the company carried total liabilities of $397,204, which included related party loans of $321,874 and accounts payable of $75,330. The accumulated deficit reached $117,963,021 as of September 30, 2026, resulting in a total stockholders' deficit of $395,563. During the first quarter of 2026, the company issued 300 shares of common stock to reduce related party debt, recording $93,285 in additional paid-in capital from that transaction.

The filing disclosed that the company implemented a 1-for-100,000 reverse stock split effective September 23, 2026, and stated that "all references in this Report to outstanding shares of common stock have been adjusted to take into account the reverse split as if it were implemented prior to the date of the reference." Basic and diluted loss per common share for the nine months ended September 30, 2026 was $(90.17), compared to $(6.81) for the same period in 2025. The securities registered pursuant to Section 12(b) of the Act listed no exchange or trading symbol, with all three fields marked N/A. The company indicated it is a shell company and a smaller reporting company.

What Was Disclosed

Medo Technologies filed its Form 10-Q for the quarter ended September 30, 2026, disclosing no revenues, a nine-month net loss of $400,884, total assets of $1,641, total liabilities of $397,204, an accumulated deficit of $117,963,021, and the completion of a 1-for-100,000 reverse stock split on September 23, 2026.