Quarta-Rad, Inc.

Going-concern shell pivoting from radiation detectors to AI call-center software, dependent on a single related-party customer.

Strengths

• Revenue grew to $245K (net-income growth 61st pct) and a new Genesys Cloud integration partnership
• Small absolute liabilities relative to a large established franchise — easily recapitalized if revenue materializes

Risks

• Explicit going-concern: $73K cash insufficient for 12 months, working-capital deficit, material weaknesses
• ~96% of revenue from a CEO-controlled related party; no full-time employees, part-time (10 hrs/wk) sole officer

Notable findings

• Going concernWe have received a “going concern” opinion from our independent auditors, which raises substantial doubt about our ability to continue as a going concern
• Exec changeRecent 8-K item 5.02 8-K ↗
• Weak liquidityCurrent ratio 0.25 (<1)
• Material weaknessWe have identified material weaknesses in our internal control over financial reporting, which could result in material misstatements in our financial statements
• Revenue declineRevenue -23.9% YoY