Quantum Genesis AI Corp. (: QGAI)

Quantum Genesis AI Corp is a development stage enterprise that has not yet generated any revenue. The company was incorporated with a central identifier of CIK 1663038 and prepares its financial statements in accordance with United States generally accepted accounting principles. Its primary focus at present is to obtain financial resources through the sale of securities or private investment in order to support its project commitments and to pursue expansion and diversification objectives. The accompanying financial statements have been prepared on a going concern basis which assumes that the company will realize its assets and settle its liabilities in the normal course of business. During the six months ended January 31 2026 the company incurred a net loss of four million three hundred seventy nine thousand five hundred twenty five dollars. This loss contributed to an accumulated deficit of ten million sixteen thousand ninety two dollars as of the same date. Cash used in operating activities amounted to forty three thousand eight hundred ten dollars for the six month period ended January 31 2026. As of that date the company held total current assets of fifty nine dollars and total current liabilities of four hundred eighteen thousand four hundred one dollars resulting in a working capital deficit of four hundred eighteen thousand three hundred forty two dollars. The firm states that its ability to continue as a going concern depends on securing additional funding from external sources and that there is no assurance that such funding will be obtainable on acceptable terms or at all.

Quantum Genesis AI Corp reported zero revenue for the three month period ended January 31 2026 and also for the six month period ended January 31 2026. The same zero revenue result was recorded for the comparable periods of the prior year. This absence of sales indicates that the company has not yet commercialized any product or service offering. Operating expenses for the three month period ended January 31 2026 were one thousand three hundred eighty two dollars compared with twenty four thousand five hundred thirty four dollars for the three month period ended January 31 2025. The decrease in operating expenses was attributed to lower professional fees during the more recent three month period. Operating expenses for the six month period ended January 31 2026 totalled forty thousand five hundred seventy eight dollars versus eighty five thousand four hundred sixty eight dollars for the six month period ended January 31 2025. The reduction in operating expenses for the six month period likewise stemmed from decreased professional fees. Other expenses for the three month period ended January 31 2026 amounted to four million three hundred twenty eight thousand two hundred seventy five dollars while the comparable three month period of the prior year showed other expenses of twenty nine thousand eight hundred six dollars. The increase in other expenses was caused by a loss on settlement of debt that occurred during the three month period ended January 31 2026. Other expenses for the six month period ended January 31 2026 were four million three hundred thirty eight thousand nine hundred forty seven dollars compared with three thousand eight hundred sixty one dollars for the six month period ended January 31 2025. The rise in other expenses for the six month period similarly resulted from a loss on settlement of debt that occurred during the six month period ended January 31 2026. Net loss for the three month period ended January 31 2026 was four million three hundred twenty nine thousand six hundred fifty seven dollars versus twenty nine thousand eight hundred six dollars for the three month period ended January 31 2025. Net loss for the six month period ended January 31 2026 was four million three hundred seventy nine thousand five hundred twenty five dollars versus eighty nine thousand three hundred twenty nine dollars for the six month period ended January 31 2025. The company anticipates that operating expenses will increase in future periods as it expands its operating activity under its business model.

As a pre revenue entity Quantum Genesis AI Corp does not yet hold a measurable position within any industry sector. The lack of revenue and the early stage of its development mean that the company has not established a market share or a identifiable competitive advantage relative to other firms. Management indicates that it expects operating expenses to rise as it increases its operating activity under its business model. This expectation reflects a intention to move from a phase that relies primarily on financing to a phase that includes actual operational execution and potential market entry. The firm has not disclosed the specific nature of its projects or the sector in which it intends to operate. Consequently any assessment of its standing relative to possible competitors remains speculative at this juncture. The company’s current strategy centers on securing the financial resources necessary to advance its planned initiatives and to build the infrastructure required for future commercial activities.

The customer base of Quantum Genesis AI Corp presently consists of no reported purchasers of goods or services. Because the company has not recorded any revenue it follows that it has not completed any sales transactions to date. Consequently there are no customer names or customer categories to disclose in this filing. The firm anticipates that once its projects reach a stage where they can be offered to the market it will begin to generate sales and to establish relationships with buyers. Until that point the company remains dependent on external financing to sustain its operations and to fund the development of its offerings.