OTC: AMFN
American Fusion, Inc.CIK 0000096664 · SIC 4911 · Electric Services
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Latest financial statements
From 10-Q filed Aug 12, 2026 (period ending Jun 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Consolidated Statements of Operations (Unaudited)
| Description | Three months ended June 30, 2026 | Three months ended June 30, 2025 | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|---|---|
| Revenue | 58,000 | — | 58,000 | — |
| Cost of revenue | 50,000 | — | 50,000 | — |
| Gross profit | 8,000 | — | 8,000 | — |
| Selling, general and administrative expenses | 1,253,180 | — | 1,885,763 | 100,000 |
| Loss from operations | (1,245,180) | — | (1,877,763) | (100,000) |
| Other income (expense) | ||||
| Interest expense | (30,028) | (55,319) | (67,195) | (55,319) |
| Total other expense | (30,028) | (55,319) | (67,195) | (55,319) |
| Net loss | (1,275,208) | (55,319) | (1,944,958) | (155,319) |
| Weighted average shares outstanding basic and diluted | 2,113,138,685 | 2,625,061,314 | 2,388,774,665 | 2,625,061,314 |
| Weighted average loss per share basic and diluted | (0.00) | (0.00) | (0.00) | (0.00) |
Consolidated Balance Sheets
| Description | June 30, 2026 | December 31, 2025 |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | 79,341 | 2,525 |
| Accounts receivable | 58,000 | — |
| Prepaid expenses | 10,870 | — |
| Total current assets | 148,211 | 2,525 |
| Intangible assets | 48,472 | — |
| Total assets | 196,683 | 2,525 |
| LIABILITIES AND STOCKHOLDERS’ DEFICIT | ||
| Current liabilities: | ||
| Accounts payable and accrued expenses | 669,567 | 58,500 |
| Convertible notes payable related party | 489,754 | 473,523 |
| Litigation liability | 697,341 | 671,377 |
| Total current liabilities | 1,856,662 | 1,203,400 |
| Total Liabilities | 1,856,662 | 1,203,400 |
| Stockholders’ deficit: | ||
| Preferred Stock, Series A, par $0.001; 20,000,001 authorized; 1 issued | — | — |
| Common Stock, par $0.001; 1.8B authorized; 1,000,000 issuable at June 30, 2026; 1,641,801,029 issued and 1,619,034,363 outstanding at June 30, 2026 and 2,939,061,314 issued and outstanding at December 31, 2025 | 1,641,801 | 2,939,061 |
| Common stock issuable | — | — |
| Additional paid-in capital | 7,604,998 | 16,216,112 |
| Accumulated deficit | (10,906,778) | (20,356,048) |
| Treasury Stock, 22,766,666 and 0 shares issued at June 30, 2026 and December 31, 2025, respectively | — | — |
| Total stockholders’ deficit | (1,659,979) | (1,200,875) |
| Total liabilities and stockholders’ deficit | 196,683 | 2,525 |
Consolidated Statements of Cash Flows (Unaudited)
| Description | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|
| Cash flows from operating activities: | ||
| Net loss | (1,944,958) | (155,319) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Convertible notes payable related party issued for consulting services | — | 100,000 |
| Stock-based compensation | 881,526 | — |
| Accrued interest on convertible notes payable related party | 41,231 | 29,140 |
| Accrued interest on litigation liability | 25,964 | 26,179 |
| Change in operating assets and liabilities: | ||
| Accounts receivable | (58,000) | — |
| Prepaid assets | (10,870) | — |
| Accounts payable and accrued expenses | 22,395 | — |
| Net cash used in operating activities | (1,042,712) | — |
| Cash flows used in investing activities: | ||
| Capitalized intangible assets | (48,472) | — |
| Net cash used in investing activities | (48,472) | — |
| Cash flows from financing activities: | ||
| Proceeds from issuance of prefunded warrants | 943,000 | — |
| Proceeds from issuance of security purchase agreements units | 225,000 | — |
| Net cash provided by financing activities | 1,168,000 | — |
| Net increase in cash and cash equivalents | 76,816 | — |
| Cash and cash equivalents, beginning of period | 2,525 | 2,525 |
| Cash and cash equivalents, end of period | 79,341 | 2,525 |
| Supplemental disclosures of cash flow information: | ||
| Cash paid during the period for: | ||
| Interest | — | — |
| Income taxes | — | — |
| Non-cash investing and financing activities: | ||
| Convertible notes payable related party conversion to common stock | 25,000 | — |
Amounts as printed on the EDGAR/iXBRL face. Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗