PREAXIA HEALTH CARE PAYMENT SYSTEMS INC.

Pre-revenue Nevada shell with $0 cash, a $2.3M working-capital deficit and an explicit going-concern doubt.

Strengths

• Working-capital deficit narrowed modestly year over year
• Low absolute liability base for a micro-cap

Risks

• $0 cash and zero revenue; explicit substantial-doubt going-concern qualification
• Wholly dependent on continual equity issuance to survive; ROE figure is a negative-equity artifact

Notable findings

• Going concernThere is substantial doubt about our ability to continue as a going concern as the continuation of our business is dependent upon obtaining further long-term financing, successful and sufficient marke
• RestatementRecent 8-K item 4.02 8-K ↗
• Auditor changeRecent 8-K item 4.01 8-K ↗
• Weak liquidityCurrent ratio 0.00 (<1)