Alpha Digital Voltz 10-Q: Going Concern, Ineffective Controls, Zero Cash
Summary
Alpha Digital Voltz's first 10-Q under new control reports zero cash, a going-concern warning, ineffective disclosure controls, and a $368,547 quarterly loss funded by related-party advances and stock issuances.
Key Events · Corporate Governance and Compliance · LDXC
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Going Concern Reaffirmed
No cash or cash equivalents at August 31, 2026, accumulated deficit of $409,169, and a $368,547 net loss for the quarter; management states these conditions raise substantial doubt about the ability to continue as a going concern.
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Disclosure Controls Not Effective
The CEO, who also serves as acting CFO, concluded disclosure controls and procedures were not effective as of August 31, 2026 because of material weaknesses in internal control over financial reporting.
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Related-Party Share Issuance
2,768,865 restricted shares were issued to controlling shareholder Alpha Investment Inc. on August 3, 2026 at $0.001 par, settling only $2,768.87 of documented advances; $15,804 remains payable to the parent.
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Consultant Shares Under New Plan
350,000 shares were issued August 25, 2026 to consultants and contractors at $1.00 per share under the newly approved 2026 Equity Incentive Plan (500,000 shares authorized), producing $350,000 of stock-based compensation expense.
Analysis · LDXC · Technology
The first quarterly report since Alpha Investment Inc. took control in July 2026 shows a company with no cash, no assets, and a $16,774 stockholders' deficit. Management states plainly that conditions raise substantial doubt about the ability to continue as a going concern, and the CEO — who is also acting CFO and sole director — concluded disclosure controls were not effective because of material weaknesses in internal control over financial reporting. The quarter's $368,547 net loss was funded almost entirely by the controlling shareholder paying expenses and by issuing stock: 2,768,865 restricted shares to Alpha Investment for just $2,768.87 of advances, and 350,000 shares to consultants at $1.00 per share. With no revenue and no cash, the company's survival depends on continued related-party support or new outside financing, neither of which is committed.
How filings like this one have moved
In the 30 days to Oct 31, 2026, 40% of the 987 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.59%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, LDXC was trading at $1.50 on OTC in the Technology sector. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.