SMIO 10-K & 10-Q changes, risk factors and insider trading
Somitos Corp. · OTC · Services-Educational Services · CIK 2074643 · All filings on SEC.gov
At a glance
What changed in the latest 10-K
Comparison not available: Not available: fewer than two 10-K filings on EDGAR to compare (only one so far)..
What changed in the latest 10-Q
Risk Factors
We could not find a separate Risk Factors item in the latest 10-Q. Some companies leave it out of quarterly reports; see the annual 10-K risk factors and the original filing. Open the filing on SEC.gov.
Management's Discussion & Analysis (MD&A)
Largest changes
see in full comparisonOur full business plan entails activities described in the Plan of Operation section below.Long term financing beyond the maximum aggregate amount of this offering may be required to expand our business. The exact amount of funding will depend on the scale of our development and expansion. We do not currently have planned our expansion, and we have not decided yet on the scale of our development and expansion and on exact amount of funding needed for our long-term financing.If we do not generate any revenue, we may need additional funding at the end of the twelve-month period described in our “Plan of Operation” below to maintain a reporting status.
“For the three months ended August 31, 2025 net cash used in operating activities was negative $9,200.”see in full comparison
“For the three months ended August 31, 2025 net cash provided by financing activities was $15,000.”see in full comparison
“For the three months ended August 31, 2025 we have generated no cash from investing activities.”see in full comparison
For thesee in full comparisonninethree months endedFebruaryAugust28,31, 2026 net cashcashused in operating activities was negative$1,524.$1,449.
Full comparison: every changed paragraph (11)
As of FebruaryAugust 28,31, 2026 we have generated $2,907$7,695 revenue.
We have incurred $47,050$19,749 of operating expenses
as as
of FebruaryAugust 28,31, 2026.
Our full business plan entails activities described
in the Plan of Operation section below. Long term financing beyond the maximum aggregate
amount of this offering may be required to expand
our business. The exact amount of funding will depend on the scale of our development
and expansion. We do not currently have planned
our expansion, and we have not decided yet on the scale of our development and expansion
and on exact amount of funding needed for our
long-term financing. If we do not generate any revenue, we may need additional funding at the end of the twelve-month period described
in our “Plan of Operation” below to maintain a reporting status.
Our cash balance is $55,478$43,718 as of FebruaryAugust 28,31, 2026.
We believe our cash balance is not sufficient to fund our operations for any period of time. We have been utilizing and may utilize funds
from Gvantsa Chumburidze, our director, who entered into a Loan Agreement for providing funds required to maintain the reporting status
and to implement our business plan in a form of a non-secured loan until minimum required proceeds are obtained by the Company. Management
believes that if the Company cannot maintain its reporting status with the SEC and implements even a part of the Company’s business
plan, they will have to cease all efforts directed towards the company. As such, your investment previously made may be lost in its entirety.
As of March 06, 2025, our director Gvantsa Chumburidze
has entered into a Loan Agreement to provide the company with the necessary funds to pay company expenses and keep on top of the business
development. Being a development stage company, we have very limited operating history. After the twelve months period we may need additional
financing.
For the ninethree months ended FebruaryAugust 28,31, 2026 net
cash cash
used in operating activities was negative $1,524.$1,449.
For the three months ended August 31, 2025 net cash used in operating activities was negative $9,200.
For the ninethree months ended FebruaryAugust 28,31, 2026 we
have have
generated no cash from investing activities.
For the three months ended August 31, 2025 we have generated no cash from investing activities.
For the ninethree months ended FebruaryAugust 28,31, 2026 net cash provided by financing
activities was $52,413.$0.
For the three months ended August 31, 2025 net cash provided by financing activities was $15,000.
SMIO 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 SMIO (13F)
None of the 59 investors we track reported a position in their latest 13F.