Universal Token, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on November 3, 2026, reporting continued operating losses and declining cash balances.

Key Highlights

  • Nine-month net loss: Universal Token reported a consolidated net loss of $51,908 for the nine months ended September 30, 2026, compared to a net loss of $348,059 for the same period in 2025.
  • Cash position: Cash on hand fell to $558 as of September 30, 2026, down from $1,842 at December 31, 2025.
  • Related-party borrowings: The company reported advances payable to a related party of $47,933 and loans payable to a related party of $44,000 as of September 30, 2026, neither of which existed at December 31, 2025.
  • Software development asset: Capitalized software development costs increased to $1,143,500 as of September 30, 2026, from $1,133,500 at December 31, 2025.
  • Accumulated deficit: The accumulated deficit grew to $587,127 as of September 30, 2026, from $535,219 at December 31, 2025.
  • Shares outstanding: As of November 3, 2026, there were 101,561,000 issued and outstanding shares of common stock.

Universal Token's Financial Position for the September 2026 Quarter

According to the filing, Universal Token, Inc. recorded a consolidated net loss of $15,547 for the three months ended September 30, 2026, compared to a net loss of $32,507 for the same quarter in 2025. The company reported total operating expenses of $15,547 for the quarter, consisting of $11,518 in professional fees and $4,029 in general and administrative expenses. For the nine months ended September 30, 2026, total operating expenses were $51,908, a significant reduction from $347,054 in the prior-year nine-month period, primarily driven by lower professional fees, which fell from $299,721 to $37,507.

The filing disclosed total assets of $1,164,060 as of September 30, 2026, up from $1,151,236 at December 31, 2025, with the increase largely attributable to additional software development capitalization. Total liabilities rose to $94,732 from $30,000 over the same period, reflecting the addition of related-party advances and loans. Total stockholders' equity attributable to the parent declined to $1,069,328 from $1,121,236 at year-end 2025, the filing stated.

Cash flows from operating activities used $35,284 during the nine months ended September 30, 2026, compared to $366,070 used in the prior-year period, according to the filing. Investing activities consumed an additional $10,000 in software development costs. Financing activities provided $44,000 through loans from a related party, partially offsetting operational cash usage. The company identified itself as a non-accelerated filer, smaller reporting company, and emerging growth company, and indicated it is not a shell company.

What Was Disclosed

Universal Token, Inc. disclosed unaudited financial results for the three and nine months ended September 30, 2026, showing a nine-month net loss of $51,908, a cash balance of $558, and increased related-party borrowings totaling $91,933 in current and non-current liabilities.