PAXH
PreAxia Health Care Payment Systems Inc.0.2200
+0.0000+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
9.57MP/E (TTM)
-Basic EPS (TTM)
-0.04Dividend Yield
0%Recent Filings
8-K
Auditor switch amid disputes
8-K
New auditor engaged
8-K
Auditor Fruci dismissed
PreAxia Health Care Payment Systems dismissed Fruci & Associates II as its independent auditor on December 9, 2025, effective immediately after their service from October 29, 2024. No disagreements arose, and Fruci's audit report for the year ended May 31, 2025, was clean. Prior auditor GreenGrowth's report for 2024 was also unqualified. Frequent auditor changes raise governance flags.
10-Q
Q1 FY2026 results
PreAxia Health Care Payment Systems posted no revenue for Q1 FY2026 ended August 31, 2025, while operating expenses surged to $875,203 from $4,627 a year earlier, driven by $391,263 in research and development and $387,500 in management costs—mostly from stock subscriptions for services. This yielded an operating loss of $875,203, matching the net loss after minor interest income, with diluted EPS at $(0.04) on 19,767,698 shares; potential dilutive equivalents were excluded due to losses. Cash climbed to $130,285 from zero, fueled by $200,000 in stock subscriptions and $204,858 in net financing inflows, while related-party debt conversions trimmed liabilities to $722,963 from $2.3M. New subsidiaries Zane Inc. CA and US bolster development of health payment and financial management tools. Yet competition in the emerging HSA market poses ongoing challenges.
8-K
PreAxia launches AI finance subsidiaries
PreAxia Health Care Payment Systems entered an Independent Contractor Agreement on July 1, 2025, with Independent Analytical Research Corp. for Pravel Bondarev's services, appointing him CEO of new subsidiaries Zane Inc. CA and Zane Inc. US, focused on AI-powered financial tools for Gen Z including a high-interest super account and smart debit card. Bondarev joined the board on June 30, 2025, amid equity moves like converting $1,525,577 debt to 15,255,770 shares at $0.10 and selling 800,000 shares for $200,000. Subsidiaries target automated money management. Yet risks linger in unproven tech rollout.
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