OTC: SPQS
SportsQuest, Inc.CIK 0000803097 · SIC 7900 · Amusement & Recreation
SportsQuest, Inc. (“the Company” or “SPQS”), was formed under the laws of the State of Delaware on April 3, 1986 under the name Bay Head Ventures, Inc. On July 29, 1988 the Company acquired 100% of the issued and outstanding shares of A.B. Park & Fly, Inc. On December 8, 1988, the Company changed… About this business →
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revenue $0, net income -$34,554. SportsQuest reports net loss on zero revenue; going concern raised amid cash
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Latest financial statements
From 10-Q filed Aug 14, 2026 (period ending Jun 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
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 |
|---|---|---|---|---|
| Operating revenue: | ||||
| Revenue | – | – | – | – |
| Total revenue | – | – | – | – |
| Operating expenses: | ||||
| Bank Charges | 190 | 142 | 476 | 385 |
| Administrative Expenses | 10,438 | 12,668 | 17,818 | 29,459 |
| Consulting Services | 20,737 | 12,150 | 37,829 | 22,647 |
| Interest Expense | 3,189 | 4,544 | 6,135 | 9,155 |
| Total operating expenses | 34,554 | 29,504 | 62,258 | 61,646 |
| Loss from operations | (34,554) | (29,504) | (62,258) | (61,646) |
| Other Income (expenses) | ||||
| Gain/(Loss) from settlement/debt extinguishment | – | (31,500) | – | (31,500) |
| Total other income/(expense) | – | (31,500) | – | (31,500) |
| Net Loss | (34,554) | (61,004) | (62,258) | (93,146) |
| Net Loss Per Share | ||||
| Basic and Diluted | (0.00001) | (0.00002) | (0.00002) | (0.00003) |
| Weighted Average Shares Outstanding | ||||
| Basic and Diluted | 4,024,163,151 | 3,674,163,151 | 4,024,163,151 | 3,674,163,151 |
Balance Sheets
| Description | As of June 30, 2026 (Unaudited) | As of December 31, 2025 |
|---|---|---|
| ASSETS | ||
| Current Assets | ||
| Cash and Bank | 15,135 | 259 |
| Total current assets | 15,135 | 259 |
| TOTAL ASSETS | 15,135 | 259 |
| LIABILITIES AND STOCKHOLDERS' DEFICIENCY | ||
| Current Liabilities | ||
| Convertible notes payable | 390,202 | 319,204 |
| Accrued Interest Payable | 147,196 | 141,060 |
| Total current liabilities | 537,398 | 460,264 |
| Total other liabilities | – | – |
| TOTAL LIABILITIES | 537,398 | 460,264 |
| Stockholders' Equity | ||
| Preferred Stock Class A par value $0.001 Authorised 1,200,000 shares. 1,200,000 issued and outstanding | 1,200 | 1,200 |
| Preferred Stock Class B par value $0.001 Authorised 1,000,000 shares. 1,000,000 issued and outstanding | 1,000 | 1,000 |
| Common stock, par value $0.0001 authorized 5,000,000,000 shares 4,024,163,151 and 3,674,163,151 shares issued and outstanding as of June 30, 2026 and December 31, 2025 respectively | 402,416 | 402,416 |
| Additional paid-in-capital | 2,613,288 | 2,613,288 |
| Accumulated deficit | (3,540,167) | (3,477,909) |
| TOTAL STOCKHOLDERS' EQUITY | (522,263) | (460,005) |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | 15,135 | 259 |
Statements of Cash Flows (Unaudited)
| Description | Period ended June 30, 2026 | Period ended June 30, 2025 |
|---|---|---|
| Net loss from continuing operations attributable to common stockholders | (62,258) | (93,146) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Preferred stock issued for services | – | – |
| Changes in: | ||
| Accrued Interest and Payables | 6,136 | 9,155 |
| Net cash used in operating activities | (56,122) | (83,990) |
| Cash flows from investing activities | ||
| Net cash used in investing activities | – | – |
| Cash flows from financing activities | ||
| Convertible note payable | 70,998 | 47,469 |
| Common share | – | 35,000 |
| Net cash provided by financing activities | 70,998 | 82,469 |
| Net increase in cash | 14,876 | (1,521) |
| Cash, beginning of period | 259 | 3,191 |
| Cash, end of period | 15,135 | 1,670 |
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 ↗
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About SportsQuest, Inc.
Source: Item 1 (Business) from the 10-K filed March 30, 2026. Description as filed by the company with the SEC.
Item 1. Business
Corporate History
SportsQuest, Inc. (“the Company” or
“SPQS”), was formed under the laws of the State of Delaware on April 3, 1986 under the name Bay Head Ventures, Inc. On July
29, 1988 the Company acquired 100% of the issued and outstanding shares of A.B. Park & Fly, Inc. On December 8, 1988, the Company
changed its name to Air Brook Airport Express, Inc. On August 16, 2007, Lextra Management Group,
Inc. acquired 51.16% of our issued and outstanding common stock and an outstanding account receivable due to Air Brook Limousine by us
in the amount of $340,000. At the closing, Air Brook Limousine terminated the August 10, 1993 agreement referenced above. On August 16,
2007, we issued 6,800,000 shares of our common stock to Lextra in exchange for the forgiveness of the $340,000 receivable. On August 21,
2007, we acquired all of the assets of Lextra pursuant to an Asset Purchase Agreement dated August 21, 2007, in exchange for the issuance
of 2,000,000 shares of common stock to Lextra and the forgiveness of our $500,000 loan to Lextra. The assets of Lextra were transferred
to our wholly-owned subsidiary, SportsQuest Management Group, Inc. At that time the company changed its name to SportsQuest, Inc.
The Company developed, owned and managed high
end sports events and their operating entities, as well as executing a growth strategy involving acquisition of diverse and effective
sports marketing platforms. The Company also managed the US Pro Golf Tour.
In 2021, the Company changed its focus to the
acquisition of innovative products and services and is currently focused on providing consulting services to potential franchise buyers
and advertising franchise opportunities through our website.
Read full description ↓
On January 9, 2025, the Company redomiciled from
Delaware to Wyoming.
Our Current Business
SportsQuest operates a web portal (www.iefranchise.com)
that provides information on more than 350 franchise opportunities through our agreement with Business Alliance Inc. (BAI), as described
below. Additionally, franchisors advertise with us to have their franchise opportunity listed on our site. Most groups working with BAI
concentrate on 1 – 3 industry sectors. However, we can monetize on many sectors by offering paid lead generation per transaction
to the franchisor or on a subscription basis.