TACHWMEDIUM SIGNALFINANCIAL10-Q

TACHW experienced a meaningful deterioration in its cash position and working capital during Q3 2025, with cash declining 30% and current liabilities increasing substantially.

The company's financial position weakened notably during the quarter, with cash falling from $720K to $504K while current liabilities grew substantially to $1.1M. This trend is concerning for a pre-revenue company that has not yet commenced operations, as it suggests accelerating cash burn without corresponding business development progress.

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

TACHW's balance sheet shows clear signs of financial pressure, with cash declining 30% to $504K while current liabilities increased substantially by 62% to $1.1M. Current assets also fell meaningfully by 26% to $613K, indicating the company is consuming working capital at a notable pace. For a pre-operational company, this combination of declining liquidity and rising near-term obligations presents a deteriorating financial profile that warrants close monitoring.

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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