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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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). SEC XBRL (companyfacts) — not generated by the model.
Consolidated Statements of Operations (Unaudited)
| Description | Q2 ended Jun 30, 2026 | Q1 ended Mar 31, 2026 |
|---|---|---|
| Revenue: | ||
| Total revenue / net sales | — | — |
| Operating expenses: | ||
| Total operating expenses | 34,554 | 27,704 |
| Operating income | (34,554) | (27,704) |
| Other income/(expense), net | — | — |
| Net income | (34,554) | (27,704) |
| Basic earnings per share | (0.00) | (0.00) |
| Diluted earnings per share | (0.00) | (0.00) |
Consolidated Balance Sheets (Unaudited)
| Description | Jun 30, 2026 | Mar 31, 2026 |
|---|---|---|
| Current assets: | ||
| Other current assets | 15,135 | 3,001 |
| Total current assets | 15,135 | 3,001 |
| Property, plant and equipment, net | — | — |
| TOTAL ASSETS | 15,135 | 3,001 |
| Current liabilities: | ||
| Other current liabilities | 537,398 | 490,710 |
| Total current liabilities | 537,398 | 490,710 |
| Deferred income taxes and other liabilities | — | — |
| Total liabilities | 537,398 | 490,710 |
| Shareholders' equity: | ||
| Common stock | 402,416 | 402,416 |
| Capital in excess of stated value | 2,613,288 | 2,613,288 |
| Retained earnings (deficit) | (3,540,167) | (3,505,613) |
| Total shareholders' equity | (522,263) | (487,709) |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | 15,135 | 3,001 |
Consolidated Statements of Cash Flows (Unaudited)
| Description | Six months ended Jun 30, 2026 | Q1 ended Mar 31, 2026 |
|---|---|---|
| Operating Activities: | ||
| Net cash from operating activities | (56,122) | (24,758) |
| Investing Activities: | ||
| Net cash from investing activities | — | — |
| Financing Activities: | ||
| Net cash from financing activities | 70,998 | 27,500 |
Amounts in USD as reported; EPS as reported. Line labels are presentation-friendly mappings of filer XBRL tags — not a re-audit of the full statements. Use EDGAR for interactive notes and detail. 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.
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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.