TACHUHIGH SIGNALFINANCIAL10-Q

TACHU experienced a deteriorating cash position with cash declining 30% while current liabilities increased substantially, creating concerning liquidity trends for this pre-revenue company.

The company remains pre-operational but is burning through its available cash resources at an accelerating pace, with cash dropping from $951K to $504K during the quarter. The substantial increase in current liabilities combined with declining current assets signals mounting financial pressure that could impact the company's ability to fund operations and reach commercialization.

Comparing 2025-11-13 vs 2025-08-18View on EDGAR →
FINANCIAL ANALYSIS

TACHU's balance sheet shows concerning deterioration across key liquidity metrics. Cash and equivalents declined 30% to $504K while current assets fell 26% to $613K, indicating accelerated cash consumption. Most notably, current liabilities grew substantially to $1.1M, creating a negative shift in the company's working capital position and suggesting mounting operational or development costs that could strain the pre-revenue entity's financial flexibility.

FINANCIAL STATEMENT CHANGES
Current Liabilities
Balance Sheet
+62.1%
$698K→$1.1M

Current liabilities surged 62.1% — significant near-term obligations; verify ability to meet short-term debt.

Cash & Equivalents
Balance Sheet
-30%
$720K→$504K

Cash declined 30% — significant cash burn or deployment; verify adequacy of remaining liquidity runway.

Current Assets
Balance Sheet
-26.1%
$829K→$613K

Current assets declined 26.1% — monitor working capital adequacy and short-term liquidity.

LANGUAGE CHANGES
NEW — 2025-11-13
PRIOR — 2025-08-18
ADDED
As of September 30, 2025, the Company had not yet commenced operations.
Liquidity and Capital Sources As of September 30, 2025 and December 31, 2024, the Company had cash balances of $ 859,596 and $ 25,000 , respectively.
The working capital was a surplus of $ 937,584 as of September 30, 2025, and a deficit of $ 548,570 as of December 31, 2024, excluding deferred offering costs.
Net Income (Loss) per Ordinary Share Net income (loss) per ordinary share is computed by dividing net income (loss) by the weighted average number of ordinary shares outstanding during the period.
As a result, diluted net income (loss) per ordinary share is the same as basic net income (loss) per ordinary share for the periods presented.
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REMOVED
As of June 30, 2025, the Company had not yet commenced operations.
Liquidity and Capital Sources As of June 30, 2025, and December 31, 2024, the Company had cash balances of $ 951,408 and $ 25,000 , respectively.
The working capital was a surplus of $ 1,060,324 as of June 30, 2025, and a deficit of $ 548,570 as of December 31, 2024, excluding deferred offering costs.
Net Loss per Ordinary Share Net loss per ordinary share is computed by dividing net loss by the weighted average number of ordinary shares outstanding during the period.
As a result, diluted net loss per ordinary share is the same as basic net loss per ordinary share for the periods presented.
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