Spin-off - Quarta-Rad, Inc.

Form Type: 10-Q

Filing Date: 2025-05-15

Corporate Action: Spin-off

Type: New

Accession Number: 000164117225011012

Filing Summary: Quarta-Rad, Inc. filed a quarterly report for the period ending March 31, 2025. The company has experienced recurring losses primarily due to limited revenues and is exploring a spin-off plan for its current operations. This decision follows ongoing financial difficulties, raising doubts about its ability to continue as a going concern without additional support. As of May 15, 2025, the company had 15,899,483 shares of common stock outstanding and reported total assets of $575,374 against total liabilities of $438,840. The financial performance demonstrates a net loss of $77,409 for the quarter, which has compounded the negative trend observed in previous reports. In connection with its business activities, Quarta-Rad aims to expand its operations in artificial intelligence and improve its call center software solutions while adapting to challenges in inventory procurement due to geopolitical factors.