01—Abstract
Summary
Summary of the 10-K filed April 2, 2026. Cited figures are marked; the original filing is the authoritative source.
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.
02—Key points
Key Highlights
- Byrn, Inc. is currently a dormant shell company with no operations or revenue for the fiscal year ended December 31, 2025.
- The company's independent auditors have expressed substantial doubt about its ability to continue as a going concern due to recurring losses and negative cash flows.
- Management is actively seeking to identify and acquire a viable business, likely through a reverse merger, to restore operations and generate revenue.
- David Lazar is the sole director and officer, holding multiple key executive positions.
- The company has a history of corporate restructuring, including name changes and share consolidations, and a voided prior business combination.
- There are no dividends currently paid or anticipated in the foreseeable future.
- Total liabilities are $96,612 and the total stockholders' deficit is $(96,612) as of December 31, 2025.
03—One dollar
04—Financials
Financial Highlights
Figures from 10-KFY2025filed April 2, 2026Financial Statements
FY2025 against FY2024
| Line item | FY2025FY2024 | Change |
|---|---|---|
| Operating Expenses | $40K$45K | −11.0% |
| Operating Income | -$40K-$45K | +11.0% |
| Net Income | -$40K-$45K | +11.0% |
| Shares Outstanding (Basic) | 419.98M419.98M | 0.0% |
05—Questions
Frequently Asked Questions
What is the current operational status of Byrn, Inc.?
Byrn, Inc. is currently a dormant shell company with no operations or revenue as of December 31, 2025. Management is in the process of developing a business plan and actively seeking to identify viable business opportunities, potentially through a reverse merger.
What are the company's financial health and future prospects?
The company's financial statements show significant recurring losses and a substantial accumulated deficit. The independent auditors have raised substantial doubt about Byrn, Inc.'s ability to continue as a going concern. Future prospects are heavily dependent on the successful identification and acquisition of a new business and securing necessary financing.
Who manages Byrn, Inc.?
Currently, David Lazar is the sole director and officer, serving as President, CEO, Treasurer, CFO, and Secretary. He also has extensive experience managing distressed public companies.
Are there any risks associated with investing in Byrn, Inc. at this time?
Yes, key risks include the company's dormant status, lack of revenue, substantial doubt about its going concern ability, the speculative nature of acquiring a new business, potential dilution from future fundraising, and the concentration of control with a single officer.
06—Continue