Rocky Mountains Group Ltd (RMGL) is a Nevada-incorporated, Auckland-based financial literacy seminar company with a balance sheet of de minimis scale as of February 28, 2026. Total assets are $19,049: cash of $13,449 (71% of total assets), prepaid expenses of $3,027, and net PP&E of $2,573 (computer and software, 3-year useful life, $5,559 gross cost less $2,986 accumulated depreciation). Total liabilities are $3,100, consisting entirely of accrued audit fees. Reported book equity is $15,949. Under the liquidation lens, applying standard haircuts: cash recovers at 100% ($13,449), prepayments recover at 0% (EDGAR installment and transfer agent overpayment — no third-party liquidation value), and PP&E (computer equipment) recovers at 50-60% of net book value, yielding approximately $1,300-$1,500. Total liquidation asset recovery is therefore approximately $14,750-$14,950 against total liabilities at face value of $3,100 (accrued audit fees, no debt), producing a positive estimated recovery to equity of approximately $11,650-$11,850. This is an unusually favorable result under the liquidation lens, attributable solely to the extreme simplicity of the balance sheet: negligible non-cash assets and no debt. The company carries a going concern disclosure, citing accumulated deficit of $45,395 and negative operating cash flow of $23,665 for the nine months ended February 28, 2026. Cash declined from $37,114 at May 31, 2025 to $13,449 at February 28, 2026, a burn of approximately $23,665 in nine months driven by G&A expenses ($31,437) exceeding revenue ($15,000). At the current burn rate, cash runway is approximately five months from the period-end date. Revenue declined 40% versus the prior-year nine-month period ($15,000 vs. $25,105) and is sourced from a single customer (100% concentration). There are no operating leases, no long-term debt, no pension obligations, and no off-balance sheet arrangements disclosed. The IPO closed June 30, 2025, raising $48,000 from 3.2 million shares at $0.015 per share; proceeds have been substantially consumed. Filing discusses going concern risk in MD&A but does not separately XBRL-tag the going concern assessment or liquidity runway as a distinct concept. TAG_CONTEXT provided is empty; no XBRL tags were supplied for this analysis, so all balance-sheet figures are sourced from the filing narrative and financial statements directly.
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