Medicale Corp. Confirms Going Concern, Zero Cash, and Ineffective Controls in Latest 10-Q
MCLE sits 41% above its 52-week low of $0.022 on light trading volume (0.1× avg).
Summary
Medicale Corp.'s 10-Q reiterates severe financial distress with a going concern warning and zero cash, despite a reduced quarterly loss and new, small convertible note financing, while also disclosing ineffective internal controls.
Key Events · Financing and Capital Events · MCLE
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Continued Going Concern Warning
The company reiterates substantial doubt about its ability to continue as a going concern, with an accumulated deficit of $222,288 and a working capital deficit of $32,202 as of December 31, 2025.
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Zero Cash Position
Medicale Corp. reported zero cash and cash equivalents as of December 31, 2025, highlighting severe liquidity challenges.
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New Convertible Note Financing
The company secured a new convertible note for $6,740 on December 31, 2025, with a conversion price of $0.15 per share, significantly above the current stock price.
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Reduced Quarterly Net Loss
Net loss for the three months ended December 31, 2025, decreased to $5,290 from $16,680 in the prior year's comparable period.
Analysis · MCLE · Industrial Applications And Services
This 10-Q filing confirms Medicale Corp.'s ongoing severe financial distress, reiterating a going concern warning and zero cash position. While the company reported a reduced net loss for the quarter and secured a small convertible note, the overall financial health remains critical. The disclosure of ineffective internal controls over financial reporting adds a significant governance concern, indicating a lack of segregation of duties in financial processes.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 29.2% of the 1496 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.63%. 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, MCLE was trading at $0.03 on OTC in the Industrial Applications And Services sector, with a market capitalization of approximately $183.5K. The 52-week trading range was $0.02 to $1.64. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.