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Wednesday, October 01, 2025 10:22:21 AM
The company explicitly discloses “substantial doubt” about its ability to continue as a going concern, citing:
Its very low cash on hand, a lack of revenues, and w/ the negative working capital / deficit.
They state that management has funded operations through equity sales and advances from related parties.
They also note that as of the filing date, they have no firm capital commitments.
FCCN also says they have not generated revenue from their planned operations (quantum, AI, telecom, etc.), but they anticipate beginning revenue generation “within the next 90-120 days.”
So as per FCCN's PCAOB Accountant the 10-Q confirms a weak financial foundation, high risk, and lack of traction in operations.
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