TechCom, Inc. SEC 10-Q Report

TechCom, Inc., a non-operating holding company historically involved in the gaming and vending businesses within the entertainment, travel, and leisure industries, has released its Form 10-Q report for the second quarter of 2025. The report provides a detailed overview of the company's financial performance and current business operations, highlighting ongoing challenges and future strategic plans.

Financial Highlights

• Revenue: $0. The company reported no revenue for the three and six months ended June 30, 2025, and 2024.
• Gross Profit: $0. With no revenue, the gross profit remained at zero for the reporting periods.
• Loss from Operations: $(12,833) for the three months ended June 30, 2025, and $(24,163) for the six months ended June 30, 2025, reflecting ongoing operating expenses without offsetting revenue.
• Net Loss and Comprehensive (Loss): $(12,833) for the three months ended June 30, 2025, and $(24,163) for the six months ended June 30, 2025, indicating continued financial challenges.
• Basic Income (Loss) Per Share: $0.000197 for the three months ended June 30, 2025, and $0.000372 for the six months ended June 30, 2025, reflecting the net loss per share.

Business Highlights

• Company Overview: TechCom, Inc. is a non-operating holding company historically involved in gaming and vending businesses, focusing on the entertainment, travel, and leisure industries. The company is currently in the process of identifying potential acquisition targets to establish operational activities.
• Current Operations: As of the reporting period, TechCom, Inc. has no active operations or revenue-generating activities. The company is primarily focused on maintaining its status as a shell company while seeking merger opportunities with operational entities.
• Management Control: Current management acquired control of the company through the purchase of preferred shares in July 2021, which provides them with a majority of the voting power.
• Future Outlook: The company intends to find a merger target in the form of an operating entity to establish business operations. However, there is uncertainty regarding the success of this strategy, and the company is reliant on shareholder support for financial stability over the next 12 months.
• Going Concern: The financial statements have been prepared under the assumption that the company will continue as a going concern. However, the lack of operations and a significant stockholders' deficit raise substantial doubt about the company's ability to continue without successful acquisition or merger activities.
• Liquidity and Capital Resources: As of June 30, 2025, TechCom, Inc. had cash reserves of approximately $1,931. The company acknowledges the need for additional capital through equity or debt financing to support its continued existence and potential future operations.
• Critical Accounting Policies: The company follows United States generally accepted accounting principles (GAAP) and uses estimates and assumptions in preparing its financial statements. These estimates affect reported amounts of assets, liabilities, and expenses.
• Income Taxes: TechCom, Inc. has incurred net operating losses and has not generated taxable income for the reporting period. Deferred tax assets from these losses are fully offset by a valuation allowance due to the company's history of losses.

SEC Filing: TechCom, Inc. [ TCRI ] - 10-Q - Aug. 12, 2025