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BRRN · Byrn, Inc.

17 filings

10-K

BRRN 10-K Annual Reports

Byrn, Inc. - 17 annual reports

Filing record · 2020–202610-K910-Q108-K6

2025
Byrn, Inc. Annual Report, Year Ended Dec 31, 2025
Byrn, Inc. (BRRN) has filed its 2025 Form 10-K, presenting a financial picture characterized by a "dormant shell" status and significant going concern issues. The company has no current operations or revenue, and its financial statements reflect recurring losses and a substantial accumulated deficit. Management is actively seeking to identify a viable business opportunity, potentially through a reverse merger, to revitalize the company. However, there is substantial doubt about its ability to continue as a going concern, necessitating further fundraising. Investors should note that the company has a complex corporate history involving name changes, share restructurings, and a voided share exchange. Currently, the company operates with a single director and officer, David Lazar, who also serves as CEO, CFO, and other key roles. The lack of operational activity, coupled with the ongoing need for capital and the inherent risks of acquiring an unknown business, positions Byrn, Inc. as a highly speculative investment at this stage.
Apr 2, 2026
2024
Byrn, Inc. Annual Report, Year Ended Dec 31, 2024
Byrn, Inc. (BRRN) has filed its 2024 Form 10-K, revealing a company currently in a dormant state with no operations or revenue. The company's history is marked by several name changes, custodianships, and a voided share exchange agreement, most recently changing its name to Byrn Inc. in July 2024. The current management intends to explore and identify viable business opportunities, likely through a reverse merger, but has not yet engaged in any discussions regarding potential business combinations. Financially, Byrn, Inc. reported minimal activity with no revenue and operating expenses primarily consisting of administrative expenses related to company operations. The company has a significant accumulated deficit and a working capital deficit, leading its independent auditor to express substantial doubt about its ability to continue as a going concern. Funding for the company has primarily come from interest-free demand loans from David Lazar, who also serves as the sole director and officer. The company has no immediate plans for dividends and intends to retain any earnings for future development.
Apr 15, 2025
2023
Byrn, Inc. Annual Report, Year Ended Dec 31, 2023
Born, Inc. (BRRN) has filed its 10-K for the fiscal year ending December 31, 2023. The company is currently a dormant shell with no operations or revenue. Its historical business focus was on healthcare knowledge solutions and medical software, but it has undergone significant corporate changes, including name changes, reverse stock splits, and custodianship periods. The company's immediate plan is to explore and identify viable business opportunities in the U.S., potentially through a reverse merger with an operating entity. Management anticipates further capital raises and significant dilution to existing shareholders as part of this process. Financially, Born, Inc. reported minimal administrative expenses and a net loss of $21,221 for 2023, a slight increase from a $4,752 loss in 2022. The company has a substantial accumulated deficit of over $117 million and a working capital deficit, leading its auditors to express substantial doubt about its ability to continue as a going concern. The company relies on interest-free demand loans from its related party custodian, David Lazar, to fund operations. There is no active trading market for the company's common stock.
Jan 6, 2025
2022
Byrn, Inc. Annual Report, Year Ended Dec 31, 2022
Born, Inc. (BRRN) presents a complex financial picture in its 2025 10-K filing, primarily characterized by its status as a "shell company" with no current operations or revenue. The company has a history of dormancy and significant corporate changes, including a name change and a voided share exchange agreement. The financial statements reveal a substantial accumulated deficit and negative shareholders' equity, leading to "substantial doubt" from auditors regarding its ability to continue as a going concern. Management is actively seeking a viable business opportunity, likely through a reverse merger, to inject operations and revenue into the company. Investors should note the significant dilution risk associated with potential future financing and the inherent uncertainties of investing in a company in this developmental stage.
Jan 3, 2025
2021
Byrn, Inc. Annual Report, Year Ended Dec 31, 2021
Born, Inc. (BRRN) filed its 10-K for the period ending December 31, 2021, indicating the company is a smaller reporting company and an emerging growth company. The filing reveals that Born, Inc. is currently a dormant shell company with no ongoing operations or revenue. The company has a complex corporate history involving changes in name, structure, and custodianship. Notably, the company experienced a significant goodwill impairment of $87,670,010 in February 2021 related to a voided share exchange agreement with Alkeon Creators, Inc. The auditors have expressed substantial doubt about the company's ability to continue as a going concern due to recurring losses and negative cash flows. Management's plan involves exploring and identifying viable business opportunities, potentially through a reverse merger with an operating entity. However, the company lacks sufficient working capital for the next 12 months and anticipates the need for further financing, which may result in significant dilution for existing shareholders. The company's common stock is not quoted on any exchange, and no dividends are currently paid or anticipated. Investors should be aware of the high-risk profile associated with a dormant shell company seeking a future business combination.
Dec 30, 2024
2020-A2
Byrn, Inc. Annual Report (Amendment), Year Ended Apr 30, 2020
Born Inc. (BRRN) filed an amendment to its 2020 10-K, primarily to replace its auditor due to an SEC order against the former firm. This amendment also includes a restatement of financial statements for the year ended April 30, 2019, which now shows a net income of $1,482,735, a significant improvement from the previously reported $0. This change is attributed to a gain from the extinguishment of $1,492,855 in debt due to the expiration of the statute of limitations on third-party and related-party debt, which was not accounted for in the original filing. The company has been largely dormant since 2013, with new management appointed in late 2019. Born Inc. is currently a shell company actively seeking investment opportunities through synergistic acquisitions or joint ventures. It operates as a 'smaller reporting company' and has no employees, no research and development activities, and no physical office facilities beyond a mailing address. The company's stock is traded on the OTC Pink Sheets and is considered a penny stock, with associated trading risks and potential difficulty for investors to sell shares.
Dec 19, 2024
2020
Byrn, Inc. Annual Report, Year Ended Dec 31, 2020
Born, Inc. (BRRN) is a holding company currently classified as a shell company with no ongoing operations or revenue as of its latest SEC filing on December 19, 2024. The company has undergone significant corporate changes, including name changes, reverse stock splits, and shifts in control, with a history of dormancy and a voided share exchange agreement. Management is actively seeking to identify and acquire a viable business, likely through a reverse merger, to re-establish operations. However, the company faces substantial risks due to its limited capital, potential for further dilution through future financing or acquisitions, and the inherent uncertainties of acquiring an early-stage or financially unstable entity. Investors should note that Born, Inc. is a smaller reporting company and an emerging growth company, which allows for certain regulatory accommodations. The company's financial statements indicate a history of significant operating losses and a substantial accumulated deficit, raising substantial doubt about its ability to continue as a going concern. The company has no current plans for dividend payments and anticipates incurring further operating losses in the near term related to SEC reporting obligations and the search for a business combination.
Dec 19, 2024
2020-A
Byrn, Inc. Annual Report (Amendment), Year Ended Apr 30, 2020
Quture International, Inc. (QUTR) presents a unique filing as a "smaller reporting company" and "shell company" with a significant history of dormancy. The company was dormant from March 2013 until December 2019 when new management, led by David Lazar, was appointed as custodian. As of the filing date (September 23, 2020, for the fiscal year ended April 30, 2020), Quture has no employees, no research and development activities, and no registered intellectual property. The company's stated business objective is to seek synergistic acquisitions or joint ventures. However, it has not generated any revenue since inception and is heavily reliant on financing from its sole director, David Lazar, who provided a $42,560 interest-free loan and was granted significant super-voting preferred stock. The company's financial statements present substantial doubt about its ability to continue as a going concern, with a significant working capital deficit and a disclaimer of opinion from its auditors due to insufficient audit evidence from the prior dormant period. Investors should be aware that Quture International, Inc. is in the very early stages of its business plan under new management. The company has no active operations, no revenue, and a history of dormancy. Its future prospects are entirely dependent on its ability to successfully identify and execute acquisitions or joint ventures, which is highly uncertain. The significant dilution and control represented by the preferred stock issued to David Lazar also warrant careful consideration. The company's stock is traded on the OTC Pink Sheets, which typically involves thin trading and price volatility.
Sep 23, 2020
2020
Byrn, Inc. Annual Report, Year Ended Apr 30, 2020
Quture International, Inc. (BRRN) presents a complex picture in its July 21, 2020, 10-K filing, highlighting a company that has been dormant for an extended period and is now under new management with a stated intention to pursue synergistic acquisitions or joint ventures. As a smaller reporting company and a shell company, its primary focus appears to be on strategic re-engagement rather than existing operations, as it generated no revenue and has no employees. The company is heavily reliant on its sole director and officer, David Lazar, who also serves as its custodian, for funding and operational direction. Significant events include the appointment of Mr. Lazar as custodian and subsequently as the sole director and officer. A substantial issuance of preferred shares to Mr. Lazar with super-voting rights significantly alters the capital structure. Investors should note the substantial going concern doubt expressed by the auditors due to significant operating losses and a working capital deficit, underscoring the need for additional capital. The company's stock is traded on the OTC Pink Sheets, characterized by low liquidity and volatile pricing, and is subject to penny stock regulations, making it difficult for investors to sell shares. The independent auditors issued a disclaimer of opinion on the financial statements due to insufficient records and inability to obtain sufficient audit evidence.
Jul 21, 2020
2012
Byrn, Inc. Annual Report, Year Ended Jun 30, 2012
This 10-K filing for Techs Loanstar, Inc. (which subsequently changed its name to Quture International, Inc.) for the fiscal year ended April 30, 2012, marks a significant transition for the company. In August 2011, Techs Loanstar completed a share exchange transaction, effectively acquiring Quture, Inc. and adopting its business plan focused on developing medical software with tools and analytics to reduce healthcare costs and improve clinical performance. Consequently, the financial statements presented are primarily those of Quture, Inc. from the acquisition date forward. The company generated minimal revenue of $40,900 for the fiscal year, incurring a substantial net loss of $2,676,257. This indicates that the company is in its early stages of development and commercialization, with significant ongoing expenses related to software development and general operations. The company faces substantial risks, including a limited operating history, a need for additional financing to continue operations, and uncertainty regarding market acceptance of its innovative products.
Aug 13, 2012
2011
Byrn, Inc. Annual Report, Year Ended Apr 30, 2011
Techs Loanstar, Inc. (BRRN) filed its 10-K for the fiscal year ended April 30, 2011, revealing a company in a precarious financial position with significant operational and financial risks. The company has effectively ceased its original loan management services business and pivoted to a social network and advertising revenue-sharing model inherited from ZenZuu USA, Inc. (ZZUSA) through a share exchange transaction. Financially, Techs Loanstar reported no revenue for the fiscal year ended April 30, 2011, and substantial operating expenses leading to a net loss of $830,361. The company possesses very limited cash reserves ($408) and explicitly states that its current funds are insufficient to meet operational needs for the next twelve months, heavily relying on future equity or debt financing. The auditor's report raises substantial doubt about the company's ability to continue as an ongoing concern. The business model is highly dependent on the success of ZenZuu, Inc.'s (ZZI) online social network and its ability to re-establish marketing efforts and attract members and advertisers. Significant risks include intense competition, potential government regulation, dependence on third-party technology, and the need for substantial additional capital, with no guarantee of its availability.
Aug 9, 2011
2010-A2
Byrn, Inc. Annual Report (Amendment), Year Ended Apr 30, 2010
Techs Loanstar, Inc. (now operating under ZenZuu USA, Inc. after a share exchange transaction) is a development-stage company in the online social network and advertising industry. The company's primary asset is an exclusive 10-year license to use ZenZuu, Inc.'s social network database and advertising revenue-share model in the United States. This model aims to generate revenue through local and national advertising, with a significant portion of net advertising revenue intended to be distributed to active network members. The company has a very limited operating history and generated no revenue in the fiscal year ended April 30, 2010. It incurred a net loss of $1,397,739 for the fiscal year ended April 30, 2010, primarily due to operating expenses, professional fees, and an impairment charge of $808,333 on its license asset. Management has expressed substantial doubt about the company's ability to continue as an ongoing concern, citing insufficient cash on hand and the critical need for additional financing through equity or debt offerings. Key risks for investors include the company's dependence on ZenZuu, Inc.'s success, the highly competitive nature of the social networking and advertising markets, the need for substantial additional funding, and the potential for significant dilution due to the issuance of additional securities. The company has no employees other than its officers and directors, and its current cash reserves are not adequate to meet its operating needs for the next twelve months.
Aug 1, 2011
2010-A
Byrn, Inc. Annual Report (Amendment), Year Ended Apr 30, 2010
This 10-K/A filing for Techs Loanstar, Inc. (now operating as Techs Loanstar, Inc. after a share exchange with ZenZuu USA, Inc.) for the fiscal year ended April 30, 2010, reveals a company in its development stage with no significant operations or revenue. The company has undergone a change of control via a share exchange transaction, adopting the business plan of ZenZuu USA, Inc., which focuses on an online social network and advertising revenue-sharing model. The business is heavily reliant on a license agreement with ZenZuu, Inc. (ZZI) for the U.S. market, which itself has experienced suspended operations. Financially, Techs Loanstar, Inc. reported zero revenue for the fiscal year ended April 30, 2010, and a net loss of $1,397,739. The company has minimal cash reserves and faces substantial liquidity challenges, explicitly stating that it may need to cease operations if additional financing is not secured. The filing also highlights significant risks, including a limited operating history, dependence on ZZI's success, potential lack of market acceptance for its business model, and considerable competition in the online social network and advertising space. The company's future is highly speculative and contingent on its ability to raise capital and successfully implement its business strategy.
Jun 17, 2011
2010
Byrn, Inc. Annual Report, Year Ended Apr 30, 2010
This 10-K filing for Techs Loanstar, Inc. (now operating as ZenZuu USA, Inc. after a share exchange in February 2010) reveals a company in the development stage focused on an online social network and advertising revenue-share model. The company has pivoted its entire business strategy to that of ZenZuu USA, Inc., ceasing its prior loan management services operations. The core of its business plan relies on a licensed exclusive U.S. right to ZenZuu, Inc.'s (ZZI) social network technology and revenue-sharing model, aiming to connect local advertisers with users and compensate active members. However, the company has generated minimal revenue to date and faces significant financial and operational risks, including a substantial need for additional financing and dependence on the success of ZZI. Investors should be aware of the highly speculative nature of this investment. The company has a limited operating history, substantial accumulated losses, and no history of profitability. Its success is critically dependent on ZZI's ability to re-establish its marketing efforts and build its user base, which was suspended due to economic conditions and lack of working capital. Furthermore, ZZI and a major shareholder can exert significant control over the company's direction. The company's auditor has expressed substantial doubt about its ability to continue as an ongoing concern, highlighting the critical need for future financing on acceptable terms or the potential cessation of operations.
Aug 13, 2010
2009-A
Byrn, Inc. Annual Report (Amendment), Year Ended Apr 30, 2009
Techs Loanstar, Inc. (TCLN), as of its January 20, 2010, 10-K filing, is a development-stage company incorporated in Nevada in April 2006. The company has not generated any sales and its core product, proprietary loan management software for the payday and equity loan industries, is still in development. Techs Loanstar aims to provide low-cost, user-friendly database applications and integration services to this growing market, leveraging open-source code. The company faces significant financial challenges. As of April 30, 2009, it had $0 cash on hand and has incurred operating losses since inception. Its auditor has expressed substantial doubt about its ability to continue as an ongoing business. Future operations are heavily dependent on raising additional capital, likely through private placements of common stock, to fund product development, marketing, and operational costs. Failure to secure this funding could lead to the cessation of business operations and a total loss for investors.
Jan 20, 2010
2009
Byrn, Inc. Annual Report, Year Ended Apr 30, 2009
Techs Loanstar, Inc. is a development-stage company incorporated in April 2006, aiming to provide proprietary loan management software and services to the payday and equity loan industry. As of the fiscal year ended April 30, 2009, the company has not generated any revenue and its primary activities have been related to software development and operational setup. The company's auditor has expressed substantial doubt about its ability to continue as a going concern due to its accumulated deficit and lack of operating revenue. The company's plan of operation involves the staged procurement and customization of open-source database applications, the development of e-commerce transaction software, and the creation of client functionality modules. Significant capital is required to execute this plan, and Techs Loanstar intends to raise funds through private placements of common stock or, if necessary, debt financing, though the latter would be difficult to secure. The company is heavily reliant on its sole officer and director, Gary Pizzacalla, for funding and operational direction, with Mr. Pizzacalla having advanced $16,548 to the company as of April 30, 2009.
Jul 16, 2009
2008
Byrn, Inc. Annual Report, Year Ended Apr 30, 2008
Techs Loanstar, Inc. is a development-stage company incorporated in April 2006, aiming to provide proprietary loan management software and services to the payday and equity loan industry. As of April 30, 2008, the company has not generated any revenue and is heavily reliant on securing additional capital to fund its business plan. The company's sole officer and director, Gary Pizzacalla, has invested $7,000, and other investors have contributed $15,500. The company estimates needing approximately $24,000 for operations and $14,000 to maintain its reporting status over the next 12 months. Without additional funding, Techs Loanstar faces the significant risk of ceasing operations, leading to a total loss for investors. The company's auditor has expressed substantial doubt about its ability to continue as a going concern. Techs Loanstar plans to raise capital through private placements, but success is not guaranteed. If private placements fail, the company may need to seek debt financing, which would be difficult to secure and likely come with high-interest rates, further jeopardizing its viability. The business plan involves staging the procurement and customization of open-source loan management software, estimated to cost $7,000 for customization, $4,000 for e-commerce transaction software, and $8,000 for client functionality modules. Marketing efforts are estimated to cost $15,000. The company's sole officer and director is currently unpaid and has agreed to provide operating capital as a non-secured loan, but this is not contractually guaranteed.
Jul 9, 2008