Byrn, Inc., formerly known as Quture International, Inc., has released its Form 10-Q report for the third quarter of 2025. The report provides a comprehensive overview of the company's financial performance and business activities during this period. Byrn, Inc., a Nevada corporation, is currently in the process of developing a business plan and exploring potential business opportunities, with no ongoing operations or revenue-generating activities as of the report date.
Financial Highlights
- Operating Expenses: $3,700 for the three months ended September 30, 2025, compared to $21,796 for the same period in 2024, indicating a significant reduction in operating expenses.
- Net Loss: $(3,700) for the three months ended September 30, 2025, compared to $(21,796) for the same period in 2024, reflecting a decrease in net loss.
- Net Loss Per Share: $(0.00) for both the three and nine months ended September 30, 2025, and 2024, indicating no change in loss per share.
- Weighted Average Number of Shares Outstanding: 419,984,423 for both the three and nine months ended September 30, 2025, and 2024, showing consistency in the number of shares.
Business Highlights
- Organizational History and Overview: Byrn Inc., formerly known as Quture International, Inc., is a Nevada corporation with a history of dormancy and custodianship. The company has undergone several name changes and restructuring efforts, including a reverse stock split and changes in authorized share capital.
- No Current Operations: As of the date of the report, Byrn Inc. has no ongoing business operations or revenue-generating activities. The company is in the process of developing a business plan and exploring potential business opportunities.
- Plan of Operation: Management intends to explore and identify business opportunities within the U.S., including potential acquisitions through reverse mergers, asset purchases, or similar transactions. The focus is on acquiring a business that may be financially unstable or in the early stages of development.
- Future Business Strategy: The company plans to seek business combinations with entities that may require additional funds for development or expansion. This includes businesses that are newly operational, developing, or experiencing financial difficulties.
- Management's Experience: The Chief Executive Officer has experience in business consulting, which may aid in identifying and implementing a viable business strategy. However, there are no assurances of success in these endeavors.
- Capital and Financing Needs: Byrn Inc. anticipates the need for additional capital to fund operations and potential acquisitions. The company may issue equity or convertible debt securities, which could result in dilution to current shareholders.
- Risks and Challenges: The company faces risks associated with being in the early stages of development, including an evolving business model, revenue recognition challenges, and growth management. The ongoing effects of the coronavirus pandemic also pose additional uncertainties.
- Going Concern: The financial statements have been prepared assuming the company will continue as a going concern. However, significant operating losses and a working capital deficit raise substantial doubt about the company's ability to continue without additional funding.
- Management's Discussion and Analysis: The company is focused on identifying and evaluating potential business combinations. Management acknowledges the complexity and risks involved in selecting a suitable business opportunity, especially given the current economic conditions.
SEC Filing: