01—Abstract
Summary
Summary of the 10-Q filed July 24, 2025. Cited figures are marked; the original filing is the authoritative source.
Byrn, Inc. (BRRN) has filed its quarterly report for the six months ended June 30, 2025.
The company is currently a shell company with no operations or revenue, and its primary focus is on identifying and acquiring a viable business, likely through a reverse merger. The balance sheet as of June 30, 2025, shows total assets of $0a and total liabilities of $81,468, resulting in a significant stockholders' deficit of $117,546,993. Financially, Byrn, Inc. reported no revenue and operating expenses of $24,882 for the six months ended June 30, 2025, leading to a net loss of $24,882 for the period.
The company has a substantial accumulated deficit and is heavily reliant on interest-free demand loans from its CEO, David Lazar, to fund its minimal operations and ongoing expenses. There is substantial doubt about the company's ability to continue as a going concern, necessitating future fundraising efforts, which are expected to be dilutive to existing shareholders.
02—Key points
Key Highlights
- Byrn, Inc. (BRRN) currently operates as a shell company with no revenue-generating operations.
- The company has a significant accumulated deficit of $117,546,993 as of June 30, 2025.
- Total assets are $0, with total liabilities amounting to $81,468, resulting in a negative stockholders' equity.
- For the six months ended June 30, 2025, the company reported no revenue and incurred operating expenses of $24,882, leading to a net loss of $24,882.
- The company is actively seeking to acquire an operating business, likely through a reverse merger, as its primary plan of operation.
- Byrn, Inc. is currently funded by interest-free demand loans from its CEO, David Lazar, raising concerns about financial sustainability.
- The company acknowledges substantial doubt about its ability to continue as a going concern, requiring future financing which is expected to be dilutive.
03—One dollar
04—Financials
Financial Highlights
Figures from 10-QQ2 FY2025filed July 24, 2025Financial Statements
Q2 FY2025 against Q2 FY2024
| Line item | Q2 FY2025Q2 FY2024 | Change |
|---|---|---|
| Operating Expenses | $8K$2K | +269.5% |
| Operating Income | -$8K-$2K | −269.5% |
| Net Income | -$8K-$2K | −269.5% |
| Shares Outstanding (Basic) | 419.76M419.76M | 0.0% |
05—Questions
Frequently Asked Questions
What is Byrn, Inc.'s current business status?
Byrn, Inc. is currently a shell company with no revenue-generating operations. Its primary focus is on identifying and acquiring a viable business, likely through a reverse merger. The company is actively developing a business plan to achieve this goal.
What is the company's financial health as of June 30, 2025?
As of June 30, 2025, Byrn, Inc. has $0 in total assets and $81,468 in total liabilities. This results in a substantial stockholders' deficit of $117,546,993 and an accumulated deficit of $117,522,111. The company has no revenue and incurred a net loss of $24,882 for the six months ended June 30, 2025.
How is Byrn, Inc. funding its operations?
The company is currently being funded by interest-free demand loans from its CEO, David Lazar. This reliance on related-party funding, coupled with significant operating losses and a lack of revenue, raises substantial doubt about the company's ability to continue as a going concern.
What are the company's future plans and potential risks?
Byrn, Inc.'s future plans involve acquiring an operating business. However, this process is complex and risky. The company anticipates incurring significant costs in this pursuit and expects that any successful acquisition through a reverse merger will likely involve issuing a controlling block of securities, leading to substantial dilution for current shareholders. Additionally, obtaining future financing on acceptable terms is not guaranteed.
06—Continue