Mercalot Inc. (OTC:MRCL) filed its quarterly report on Form 10-Q for the three months ended September 30, 2026, with the SEC on October 27, 2026, reporting a net loss of $8,851 and disclosing substantial doubt about its ability to continue as a going concern.

Key Highlights

  • Net loss of $8,851 for the three months ended September 30, 2026, compared to a net loss of $30,192 in the same period of 2025.
  • Revenue of $8,260 for the quarter ended September 30, 2026, up from $5,560 in the prior-year quarter.
  • Accumulated deficit of $79,219 as of September 30, 2026, compared to $70,368 as of June 30, 2026.
  • Working capital deficit of $77,399 as of September 30, 2026, versus $70,900 as of June 30, 2026.
  • Total assets of $51,334 against total liabilities of $102,901, producing a stockholders' deficit of $51,567.
  • 5,735,200 common shares issued and outstanding as of October 26, 2026, unchanged from the prior quarter.

Mercalot's Online Marketplace Operations and Financial Position as of September 30, 2026

According to the filing, Mercalot Inc. was incorporated on April 24, 2024, under the laws of the State of Wyoming. The company operates an informational online commerce and classifieds platform and has purchased a mobile application called "SafeDeal Connect," which the filing describes as "already working and in use." The company also maintains a website that provides users with information about the application's functions. Its executive and business office is located in Valencia, Spain.

For the three months ended September 30, 2026, the company reported revenues of $8,260 and total operating expenses of $17,111, consisting of general and administrative expenses of $14,759 and amortization of $2,352. The resulting operating loss was $8,851, with no provision for income taxes recorded. Net cash used in operating activities was $4,559 for the quarter, and cash at the end of the period stood at $25,502, down from $30,061 at the start of the quarter, according to the filing.

The balance sheet as of September 30, 2026, showed total intangible assets, net, of $25,832, reflecting the carried value of the company's purchased application and related assets. Current liabilities included a related party loan of $57,081, accounts payable to a related party of $29,000, and deferred revenue of $16,820. The filing noted that "these factors raise substantial doubt about the Company's ability to continue as a going concern," and stated that management intends to raise additional funds through a private or public offering. The company is classified as a non-accelerated filer, a smaller reporting company, and an emerging growth company.

What Was Disclosed

Mercalot Inc. disclosed its unaudited financial results for the quarter ended September 30, 2026, including a net loss of $8,851, total assets of $51,334, a stockholders' deficit of $51,567, and a going concern warning from management citing an accumulated deficit of $79,219.