Hestia Insight 10-Q: Going Concern With $3,852 Cash and No Revenue After Subsidiary Sale
HSTA sits 18% above its 52-week low of $0.021.
Summary
Hestia Insight's fiscal Q3 10-Q shows a company with no operating business left: $3,852 of cash, $343,703 of liabilities, and an explicit going-concern warning after the July 31 sale of its only subsidiary to Chairman Edward Lee.
Key Events · Legal and Risk Events · HSTA
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Going Concern With Almost No Cash
At August 31, 2026 the company held $3,852 of cash against $343,703 of liabilities and a $1,499,005 accumulated deficit; management states these conditions raise substantial doubt about its ability to continue as a going concern within one year.
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No Revenue After Subsidiary Divestiture
Hestia Investments Inc., which carried all consulting and investment activity, was transferred to Chairman Edward C. Lee on July 31, 2026, settling $500,000 of accrued compensation; the company now has no revenue-generating operations.
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Nine-Month Loss of $441,239
The nine months ended August 31, 2026 produced a net loss of $441,239, including a $544,748 loss from continuing operations driven by the $500,000 officer compensation accrual, partly offset by $103,509 of income from discontinued operations.
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Chairman Loans Keep the Lights On
Related party loans payable reached $223,931 plus a $16,670 short-term shareholder loan at August 31, 2026, with $50,000 of new related-party borrowing in the nine months; management's funding plan relies on further advances from the Chairman.
Analysis · HSTA · Trade & Services
Hestia has sold its only operating business, leaving essentially nothing behind: $3,852 of cash against $343,703 of liabilities and a $1,499,005 accumulated deficit. Management itself flags these conditions as raising substantial doubt about the company's ability to continue as a going concern within a year, and the only funding plan is more advances from Chairman/CEO Edward Lee, equity sales, or a merger. The $500,000 of accrued pay owed to Lee was settled by handing him the subsidiary, so the balance sheet is cleaner but the company has no revenue engine. Disclosure controls were also deemed ineffective. For a company this small, survival now depends entirely on the chairman's willingness to keep funding it or on finding a merger partner.
How filings like this one have moved
In the 30 days to Oct 26, 2026, 36.2% of the 898 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.75%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, HSTA was trading at $0.02 on OTC in the Trade & Services sector, with a market capitalization of approximately $673.3K. The 52-week trading range was $0.02 to $4.00. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.