BMP AI Technologies, Inc 10-Q for FY2025 Q2

BMP AI Technologies, Inc. (BMPA)

10-Q 2025-08-14 For: 2025-06-30

Added on April 06, 2026

About this 10-Q

BMP AI Technologies, Inc filed this 10-Q on August 14, 2025, covering the quarter ended June 30, 2025 (FY2025 Q2).

Headline figures

Quarter ended June 30, 2025, as reported in this filing, compared with the same period a year earlier where the filing states it.

Revenue: $0; compared with $0 a year earlier
Net loss: $133.27K; compared with a net loss of $730.21K a year earlier
Diluted EPS: $0.00; compared with -$3.65 a year earlier

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Large accelerated filer	☐	Accelerated filer	☐
Non-accelerated filer	☐	Smaller reporting company	☒
		Emerging growth company	☒

PART I. FINANCIAL INFORMATION

Item 1.	Condensed Financial Statements.	4
	CONDENSED BALANCE SHEETS	4
	CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED)	5
	CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED)	7
	CONDENSED STATEMENT OF CHANGES IN STOCKHOLDERS’ EQUITY (UNAUDITED)	6
	NOTES TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED)	8
Item 2.	Management’s Discussion and Analysis of Financial Conditions and Results of Operations.	14
Item 3.	Quantitative and Qualitative Disclosures about Market Risk.	16
Item 4.	Controls and Procedures.	16

PART II. OTHER INFORMATION

Item 1.	Legal Proceedings.	18
Item 1A.	Risk Factors.	18
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds.	18
Item 3.	Defaults Upon Senior Securities.	18
Item 4.	Mine Safety Disclosures.	18
Item 5.	Other Information.	18
Item 6.	Exhibits.	19

	June 30, 2025			December 31, 2024
ASSETS
Current assets
Cash		-			-
Total current assets		-			-

Total assets		-			-

LIABILITIES AND STOCKHOLDERS' DEFICIT
Current liabilities
Accounts payable and accrued liabilities		200,949			201,628
Advances		127,650			127,650
Advances - Related party		80,680			80,680
Judgement payable		103,000			103,000
Notes payable - related party		7,000			7,000
Notes payable		202,485			143,039
Total current liabilities		721,764			662,997

Notes payable, net of debt discount		46,000			46,000

Total liabilities		767,764			708,997

Stockholders' deficit
Preferred stock, $0.0001 par value, 480,000,000 shares authorized, 0 and 0 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively		-			-
Class A Preferred stock, $0.0001 par value, 10,000,000 shares authorized, 9,003,774 and 9,003,774 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively		900			900
Class B Preferred stock, $0.0001 par value, 10,000,000 shares authorized, 3,500,000 and 3,500,000 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively		250			350
Common stock, $0.0001 par value, 2,500,000,000 shares authorized, 200,183 and 200,183 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively		5,979			20
Additional paid in capital		3,345,131			3,255,090
Accumulated deficit		(4,120,024	)		(3,965,357	)
Total stockholders' deficit		(767,764	)		(708,997	)

Total liabilities and stockholders' deficit		-			-

	For the three months ended						For the six months ended
	June 30, 2025			June 30, 2024			June 30, 2025			June 30, 2024

Revenue	$	-		$	-		$	-		$	-

Cost of goods sold		-			-			-			-

Gross profit		-			-			-			-

Operating expenses
General and administrative		107,183			4,730			109,621			11,710
Professional fees		19,500			1,545			33,500			28,045
Total operating expenses		126,683			6,275			143,121			39,755

Loss from operations		(126,683	)		(6,275	)		(143,121	)		(39,755	)

Other income (expenses)
Interest expense		(6,587	)		(3,932	)		(11,546	)		(7,476	)
Loss on acquisition of intangible assets					(720,000	)					(720,000	)
Total other income (expenses)		(6,587	)		(723,932	)		(11,546	)		(727,476	)

Net loss before tax provision		(133,270	)		(730,207	)		(154,667	)		(767,231	)
Tax provision		-			-			-			-
Net income (loss )	$	(133,270	)	$	(730,207	)	$	(154,667	)	$	(767,231	)

Net income (loss) per common share - basic and diluted	$	(0.00	)	$	(3.65	)	$	(0.00	)	$	(3.83	)

Weighted average number of common shares outstanding - basic and diluted		41,589,708			200,183			45,944,824			200,183

															Additional						Total
	Class A Preferred Stock						Class B Preferred Stock				Common Stock				Paid-in			Accumulated			Stockholders'
	Shares			Amount			Shares		Amount		Shares		Amount		Capital			Deficit			Deficit
Balance, December 31, 2024		9,003,774			900			3,500,000		350		200,183		20		3,255,090			(3,965,357	)		(708,997	)
Conversion of Class A Preferred Stock to Common stock		(1,000,000	)		(100	)		-		-		50,000,000		5,000		(4,900	)		-			-
Net loss		-			-			-		-		-		-		-			(21,397	)		(21,397	)
Balance, March 31, 2025		8,003,774			800			3,500,000		350		50,200,183		5,020		3,250,190			(3,986,754	)		(730,394	)
Common shares issued for cash		-			-			-		-		9,590,000		959		94,941			-			95,900
Net loss		-			-			-		-		-		-		-			(133,270	)		(133,270	)
Balance, June 30, 2025		8,003,774			800			3,500,000		350		59,790,183		5,979		3,345,131			(4,120,024	)		(767,764	)

June 30, 2025		December 31, 2024
	46,000	$	46,000
	5,000		5,000
	5,000		5,000
	28,500		28,500
	9,667		9,667
	12,439		12,439
	4,495		4,495
	3,000		3,000
	8,670		8,670
	3,000		3,000
	5,565		5,565
	6,500		6,500
	20,000		20,000
	3,045		3,045
	2,230		2,230
	2,500		2,500
	4,500		4,500
	13,005		13,005
	5,923		5,923
	5,000		-
	5,000		-
	4,000		-
	10,000		-
	4,155		-
	9,000		-
	2,000		-
	5,000		-
	500		-
	5,000		-
	9,791		-
	248,485	$	189,039

*	The Company has an insufficient quantity of dedicated resources and experienced personnel involved in reviewing and designing internal controls. As a result, a material misstatement of the interim and annual financial statements could occur and not be prevented or detected on a timely basis.

*	We have not achieved the optimal level of segregation of duties relative to key financial reporting functions.

*	We do not have an audit committee or an independent audit committee financial expert. While not being legally obligated to have an audit committee or independent audit committee financial expert, it is management’s view that to have an audit committee, comprised of independent board members, and an independent audit committee financial expert is an important entity-level control over the Company’s financial statements.

*	Assessing the current duties of existing personnel and consultants, assigning additional duties to existing personnel and consultants, and, in a cost effective manner, potentially hiring additional personnel to assist with the preparation of the Company’s financial statements to allow for proper segregation of duties, as well as additional resources for control documentation.

*	Assessing the duties of the existing officers of the Company and, in a cost effective manner, possibly promote or hire additional personnel to diversify duties and responsibilities of such executive officers.

*	Board to review and make recommendations to shareholders concerning the composition of the Board of Directors, with particular focus on issues of independence. The Board of Directors will consider nominating an audit committee and audit committee financial expert, which may or may not consist of independent members.

*	Interviewing and potentially hiring outside consultants that are experts in designing internal controls over financial reporting based on criteria established in Internal Control Integrated Framework issued by Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (“COSO”) (as revised).

Exhibit No.		Document Description

3.1		Amended and Restated Articles of Incorporation (1)
3.2		Certificate of Amendment filed with the Nevada Secretary of State (2)
3.3		Certificate of Change Pursuant to NRS 78.209 citing Reverse Stock Split (2)
3.4		Bylaws (1)
31.1		Certification of Chief Executive Officer and Chief Financial Officer
32.1		Certifications of Chief Executive Officer and Chief Financial Officer
101.INS		Inline XBRL Instance Document (the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document)
101.SCH		Inline XBRL Taxonomy Extension Schema Document
101.CAL		Inline XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF		Inline XBRL Taxonomy Extension Definition Linkbase Document
101.LAB		Inline XBRL Taxonomy Extension Labels Linkbase Document
101.PRE		Inline XBRL Taxonomy Extension Presentation Linkbase Document
104		Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)

	Neuralbase AI Ltd.

Date: August 14, 2025	By:	/s/ Vighnesh Dobale
	Name:	Vighnesh Dobale
	Title:	Chief Executive Officer & Chief Financial Officer

1.	I have reviewed this Quarterly Report on Form 10-Q of the Registrant for the fiscal quarter ended June 30, 2025;

2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the Registrant as of, and for, the periods presented in this report;

4.	I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the Registrant and have:

	(a)	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

	(b)	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

	(c)	Evaluated the effectiveness of the Registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

	(d)	Disclosed in this report any change in the Registrant’s internal control over financial reporting that occurred during the Registrant’s most recent fiscal quarter (the Registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting; and

	(a)	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant’s ability to record, process, summarize and report financial information; and

	(b)	Any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant’s internal control over financial reporting.

Dated: August 14, 2025

/s/ Frank Gomez
Chief Executive Officer and Chief Financial Officer (Principal executive, financial and accounting officer)

	(1)	The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

	(2)	The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.