PVIT 10-K & 10-Q changes, risk factors and insider trading
Palisades Venture Inc. · OTC · Services-Computer Processing & Data Preparation · CIK 2010982 · All filings on SEC.gov
At a glance
What changed in the latest 10-K
Risk Factors
We are a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and are not required to provide the information required under this item.
No wording changes found in this section.
Full comparison: every changed paragraph (0)
Management's Discussion & Analysis (MD&A)
Removed heading “Revenues and Cost of Goods”
Largest changes
“Our CEO, Mr. Orie Rechtman confirms that he will continue to support the company’s day to day operational financial cash needs, in the normal course of business, where necessary. This continues the day to day support from Mr. Rechtman that has been available for the Company since its exception.”see in full comparison
General and administrative expenses were $211,786 for the year ended December 31, 2025, compared to $115,755 for the year ended December 31, 2024,see in full comparisoncompared to $63,985 for the year ended December 31, 2023,an increase of$52,922$96,031 mainly due to theincreased costschargeofforlegalremuneration to Mr. Orie Rechtman, the Chairman andprofessional fees and audit fees.CEO.
“Management views and manages the Company’s operations as one integrated business, and accordingly the Company has one reportable segment.”see in full comparison
Our independent registered public accountants have issued a going concern opinion. This means that there is substantial doubt that we can continue as an on-going business for the next twelve months unless we obtain additional capital to pay our bills. The accompanying financial statements have been prepared assuming that the Company continues as a going concern, which contemplates continuity of operations, realization of assets, and liquidation of liabilities in the normal course of business. As shown in the accompanying financial statements, the Company has accumulated losses of $(see in full comparison438,648522,095)net of owner draw,, andpositivenegative working capital of$395$(49,553) as of December 31,2024,2025, andacash flows from operating activities of $(12,32440,415 ) for the year ended December 31,2024.2025. Due to these conditions, it raises substantial doubt about its ability to continue as a going concern.
The cost of goods for the year ended December 31,see in full comparison20242025, was$41,000$36,485 compared to$39,612$41,000 for the year ended December 31,2022.2024. Theincreasedecrease was due toincreasedreduced costs ofmaintainingrepairing the serverserversystems for the cloud computing business.
Full comparison: every changed paragraph (11)
Our independent registered public accountants
have
issued a going concern opinion. This means that there is substantial doubt that we can continue as an on-going business for the
next twelve
months unless we obtain additional capital to pay our bills. The accompanying financial statements have been prepared
assuming that the
Company continues as a going concern, which contemplates continuity of operations, realization of assets, and
liquidation of liabilities
in the normal course of business. As shown in the accompanying financial statements, the Company has
accumulated losses of $(438,648522,095) net of owner draw, ,
and positivenegative working capital of $395$(49,553) as of December 31, 2024,2025, and a cash flows
from operating activities of $(12,32440,415 ) for the year
ended December 31, 2024.2025. Due to these conditions, it raises substantial doubt
about its ability to continue as a going concern.
Management views and manages the Company’s operations as one integrated business, and accordingly the Company has one reportable segment.
Revenues
Revenues and Cost of Goods
Cost of goods
The cost of goods for the year ended December 31,
20242025, was $41,000$36,485 compared to $39,612$41,000 for the year ended December 31, 2022.2024. The increasedecrease was due to increasedreduced costs of maintainingrepairing the server
server systems for the cloud computing business.
General and administrative expenses were $211,786
for the year ended December 31, 2025, compared to $115,755
for the year ended December 31, 2024, compared to $63,985 for the year ended December 31, 2023, an increase of $52,922$96,031 mainly due to
the increased
costscharge offor legalremuneration to Mr. Orie Rechtman, the Chairman and professional fees and audit fees.CEO.
Net profit/(loss) for the year ended December 31,
20242025, was $(9,91083,241) compared to $12,161$(9,910) for the year ended December 31, 2023.2024.
The accompanying financial statements have been prepared
assuming that the Company will continue as a going concern, which contemplates continuity of operations, realization of assets, and liquidation
of liabilities in the normal course of business. As shown in the accompanying financial statements the Company has a retained deficit
of ($438,854$522,095) and positivenegative working capital of $286$(49,553) as of December 31, 2024.2025. For the year ended December 31, 20242025, the Company had
a net
loss of $9,910.$83,241. Due to these conditions, it raises substantial doubt about the Company’s ability to continue as a going concern.
Net cash used in financing activities was $(15,430)$40,218 and $(37,35515,430) for the
years ended December 31, 20242025, and 2023,2024, respectively.
Our CEO, Mr. Orie Rechtman confirms that he will continue to support the company’s day to day operational financial cash needs, in the normal course of business, where necessary. This continues the day to day support from Mr. Rechtman that has been available for the Company since its exception.
What changed in the latest 10-Q
Risk Factors
We are a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and are not required to provide the information required under this item.
No wording changes found in this section.
Full comparison: every changed paragraph (0)
Management's Discussion & Analysis (MD&A)
New heading “Results of Operations for the Six Months Ended June 30, 2026 as Compared to the Six Months Ended June 30, 2025”
New heading “Operating expenses”
New heading “Interest expense”
Largest changes
“Results of Operations for the Six Months Ended June 30, 2026 as Compared to the Six Months Ended June 30, 2025”see in full comparison
“Net loss for the six months ended June 30, 2026, was $(38,691) compared to a net loss of $(44,950) for the six months ended June 30, 2025. The reduction in the loss for the period is primarily due to increased sales during the period.”see in full comparison
The accompanying unaudited financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates continuity of operations, realization of assets, and liquidation of liabilities in the normal course of business. As shown in the accompanying unaudited financial statements, the Company has an accumulated deficit of $(see in full comparison539,277560,786) as ofMarchJune31,30, 2026. For thethreesix months endedMarchJune31,30, 2026, the Company had a net loss of $(17,18238,691).and $(44,950) for the six months ended June 30, 2025. We used cash of $(9,34025,199)cashin operating activities. Due to these conditions, it raises substantial doubt about the Company’s ability to continue as a going concern.
Operating expenses weresee in full comparison$50,809$61,512 for the three months endedMarchJune31,30, 2026, compared to$60,175$53,330 for the three months endedMarchJune31,30, 2025,aanreductionincrease of$9,366.$8,182. Thereductionincrease was mainly due tolowerhigher overheads for head officecosts and audit fees.costs.
Full comparison: every changed paragraph (20)
Results of Operations for the three Months Ended MarchJune 31,30, 2026 as
as compared to the three Months Ended MarchJune 31,30, 2025,
Revenue for the three months ended MarchJune 31,30, 2026, was $50,085$56,603 compared
to $51,101$49,974 for the three months ended MarchJune 31,30, 2025.
Cost of sales for the three months ended MarchJune 31,30, 2026, was $8,078$8,152
compared to $8,196$7,764 for the periodthree months ended MarchJune 31,30, 2025.
Operating expenses were $50,809$61,512 for the three
months ended MarchJune 31,30, 2026, compared to $60,175$53,330 for the three months ended MarchJune 31,30, 2025, aan reductionincrease of $9,366.$8,182. The reductionincrease was mainly
due to lowerhigher overheads for head office costs and audit fees.costs.
For the three months ended MarchJune 31,30, 2026, and
2025, we had interest expense of $8,380$8,448 and $8,280 respectively.
Net loss for the three months ended MarchJune 31,30, 2026,
2026, was $(17,18221,509) compared to a net loss of $(25,55019,400) for the three months ended MarchJune 31,30, 2025. The lowerhigher net loss is due to lowerhigher overhead
costs and audit fees.costs.
Results of Operations for the Six Months Ended June 30, 2026 as Compared to the Six Months Ended June 30, 2025
Revenue
Revenue for the six months ended June 30, 2026, was $106,688 compared to $101,075 for the six months ended June 30, 2025.
Cost of sales
Cost of sales for the six months ended June 30, 2026, was $16,230 compared to $15,960 for the six months ended June 30, 2025.
Operating expenses
Operating expenses were $112,321 for the six months ended June 30, 2026, compared to $113,305 for the six months ended June 30, 2025.
Interest expense
For the three months ended June 30, 2026 and 2025, we had interest expense of $16,828 and $16,560 respectively.
Net Income
Net loss for the six months ended June 30, 2026, was $(38,691) compared to a net loss of $(44,950) for the six months ended June 30, 2025. The reduction in the loss for the period is primarily due to increased sales during the period.
The accompanying unaudited financial statements
have been prepared assuming that the Company will continue as a going concern, which contemplates continuity of operations, realization
of assets, and liquidation of liabilities in the normal course of business. As shown in the accompanying unaudited financial statements,
the Company has an accumulated deficit of $(539,277560,786) as of MarchJune 31,30, 2026. For the threesix months ended MarchJune 31,30, 2026, the Company had
a net
loss of $(17,18238,691). and $(44,950) for the six months ended June 30, 2025. We used cash of $(9,34025,199) cash in operating activities. Due to these
conditions, it raises substantial doubt about the
Company’s ability to continue as a going concern.
Net cash used in operating activities was $(9,34025,199)
during the threesix months ended MarchJune 31,30, 2026, compared to net cash provided of $8,185$(33,584) in the threesix months ended MarchJune 31,30, 2025.
Net cash provided in financing activities was
$9,685$26,026 for the threesix months ended MarchJune 31,30, 2026, and used $19,736$33,733 for the threesix months ended MarchJune 31,30, 2025.
PVIT insider buying and selling (Form 4)
Since 2026-04-11, insiders reported open-market purchases in 0 Form 4 filings and open-market sales in 0 filings. Totals add up every open-market (code P and S) line in those filings, using the prices reported in the filings. Awards, option exercises, tax withholding and gifts are listed below but not counted.
No Form 4 stock transactions in this period.
Well-known investors holding PVIT (13F)
None of the 59 investors we track reported a position in their latest 13F.