Key Highlights

  • The 10-Q filed August 14, 2026 reports no revenue and no cash.
  • Net loss was $18,963 for the second quarter and $57,361 for six months.
  • Total liabilities were $864,878 against a single $50,000 intangible asset.
  • The auditor expressed substantial doubt about the company continuing as a going concern.

BMP AI Technologies, Inc. (OTC:BMPA) is a pre-revenue enterprise software company whose latest quarterly filing, made in August 2026, shows no sales, no cash and a going concern warning. The name and ticker are recent: the company, previously NeuralBase AI Ltd and traded as NBBI, began trading as BMPA on October 9, 2025.

Business and sector

The company operates in enterprise artificial intelligence software. According to its annual report, its BMP AI platform generates answers grounded in a client company's own documents, using retrieval-augmented generation, and is aimed at regulated industries. The platform was formerly branded Nosha AI, and the company divested its Multidoc.ai business to concentrate on BMP AI. The annual report says the company has no full-time or part-time employees. Its sole officer and director, Vighnesh Dobale, holds about 67.6% of the common stock. A company press release in October 2025 also described blockchain and health diagnostics products.

Latest filings

The most recent filing is the Form 10-Q for the quarter and six months ended June 30, 2026, filed on August 14, 2026. It reports no revenue for either reporting period. The net loss was $18,963 for the second quarter and $57,361 for the six months. Operating expenses fell, mainly because of lower wages paid to the former chief executive, while interest expense rose because of new debt issued in 2026. Management reported no material subsequent events through August 14, 2026. Earlier, the annual report for the year ended December 31, 2025, signed on May 1, 2026, disclosed a net loss of $264,354 and no revenue in 2025 or 2024.

Financials and context

The balance sheet is the central concern. At June 30, 2026 the company held no cash, and its only asset was a $50,000 intangible asset. Total liabilities were $864,878, up from $807,517 at the end of 2025, leaving a stockholders' deficit of $814,878. Notes payable increased during the half, including $35,235 of new 10% demand notes and a $46,000 SBA EIDL loan. There were 51,783,583 common shares outstanding as of August 14, 2026, after 24,000,000 shares were canceled in October 2025. The annual report describes the shares as thinly traded. Both filings contain internal inconsistencies, including a $39,000 difference in the deficit figure in the quarterly report and conflicting descriptions of the 2024 result in the annual report.

Risks

The auditor, Beckles & Co. Inc., expressed substantial doubt about the company's ability to continue as a going concern, with cumulative losses of $4,229,711 at the end of 2025. Management has said the company lacks sufficient cash to operate at its current level for the next twelve months and plans to seek private equity financing, which would be likely to dilute existing holders. Other disclosed risks include dependence on one executive, concentrated control by the majority holder, unproven market acceptance, software errors and security vulnerabilities, intellectual property claims and penny stock rules. Management concluded that disclosure controls and internal control over financial reporting were not effective, citing limited resources and a lack of segregation of duties.

Private Financing, First Revenue and Market Tier Clarity

The next milestones are the third-quarter 2026 report and any announcement of financing or a commercial customer for BMP AI. The annual report says management intends to pursue sales, seek debt or equity capital, and prioritize research on retrieval-augmented generation, sector-specific configurations, no-code tools and privacy features. Investors should look for evidence of revenue, a reduction in the working capital deficit, and clearer disclosure on the company's market tier and shareholder base. Until then, the shares carry the risks of a thinly traded, pre-revenue issuer.