BMP AI Technologies, Inc. Liquidation Value

BMP AI Technologies, Inc. (BMPA) presents a balance sheet with essentially zero recoverable value under a liquidation scenario. As of December 31, 2025, total assets are $50,000, consisting entirely of intangible assets (tagged as FiniteLivedIntangibleAssetsNet at $50,000) acquired via a stock-for-assets transaction. Under the liquidation lens, intangibles receive a 0% recovery haircut, producing liquidation asset value of $0. Against this stands $807,517 in total liabilities at face value, yielding a liquidation deficiency to equity of negative $807,517. The MFFAIS-reported CLV/LLV/OLV all reflect negative $761,517, consistent with the book stockholders' deficit figure; the small difference ($807,517 vs. $761,517) reflects inclusion of long-term notes in the full liability stack versus only current liabilities in the MFFAIS metric.

The liability stack is composed entirely of current and near-current obligations: accounts payable and accrued liabilities of $211,649 (up from $201,628 at year-end 2024), unsecured advances of $127,650 (flat), related-party advances of $80,680 (flat, non-interest-bearing, due on demand), a judgment payable of $103,000 (flat), current notes payable of $231,538 (up from $143,039, a 62% increase), a related-party note of $7,000 (flat), and a long-term SBA EIDL note of $46,000 (flat, maturing March 2052). The dominant change in the period is the $88,499 increase in third-party notes payable, funded entirely through new promissory note issuances totaling $108,433 at 10% demand rates, which is the company's sole mechanism for meeting operating cash needs. Cash was $0 at both period ends; all operating outflows of $254,333 were matched dollar-for-dollar by financing inflows.

The accumulated deficit stands at $4,229,711, up $264,354 from $3,965,357 at year-end 2024. Net loss for the year was $264,354 on zero revenue. The intangible asset of $50,000 was acquired via a non-cash stock-for-assets transaction (5,000,000 shares of common stock); no cash consideration changed hands. This asset carries zero liquidation value under the lens. The filing discusses the intangible as AI-related intellectual property ('Multidoc AI') but does not separately disclose impairment testing results or useful life in XBRL-tagged form beyond the finite-lived intangible net balance. The auditor (Beckles & Co., PCAOB ID 7116) issued a going concern qualification. Management disclosed material weaknesses in internal controls due to lack of segregation of duties. Recovery to equity in a wind-down scenario is zero. The deficit position worsened by $48,520 on a total-liabilities basis versus September 30, 2025 ($807,517 vs. approximately $759,000 implied from prior filing).