Odyssey Health, Inc.
AI Executive Summary
AI-powered analysis of 10-Q filing content
Odyssey Health shows severe financial distress with negative stockholders' equity of $9.7M, massive 9-month losses of $3.3M, and a new $2.4M derivative liability. The company operates with minimal cash ($298K) against $10.1M current liabilities, indicating potential bankruptcy risk.
Red Flags Detected (8)
Stockholders' deficit of $9.7M indicates technical insolvency
Current liabilities of $10.1M vs only $374K total assets - severe liquidity crisis
Net loss of $3.3M for 9 months vs $1.5M prior year - losses more than doubled
5 more red flags detected
Key Takeaways
Company is in severe financial distress with negative equity exceeding $9M
No revenue generation while operating losses continue to mount
2 more takeaways
Filing Overview
What This Means
High Risk Filing: This company is showing signs of financial stress or significant operational challenges.
Deteriorating Trend: Conditions are worsening compared to previous filings. This may create opportunities for service providers.
Quarterly Report: Interim filing with unaudited financial data for the quarter.