Financial Data and Key Metrics Changes - Revenues for the third quarter of fiscal 2026 were approximately $94,000, a decrease from approximately $153,000 in the same quarter of fiscal 2025, primarily due to a decrease in funding portal fees [3] - The company reported an operating loss of approximately $2.2 million compared to an operating loss of approximately $1.7 million for the third quarter of fiscal 2025 [4] - Loss per share was $0.32, an improvement from a loss per share of $1.57 in the third quarter of fiscal 2025 [4] - As of January 31, 2026, cash and cash equivalents stood at approximately $715,000 [4] Business Line Data and Key Metrics Changes - The funding portal is described as a technology business with a largely fixed cost structure, indicating that higher volume can lead to attractive incremental margins [5] - The company signed four new broker-dealer clients during the third quarter, indicating growth in its business lines [8] Market Data and Key Metrics Changes - The company is expanding into blockchain-enabled solutions, which is seen as a natural extension of its business [6][7] - The engagement with PureWave Hydrogen for tokenized asset issuance is viewed as a significant milestone, potentially leading to revenue-generating projects [9] Company Strategy and Development Direction - The company is focused on strengthening its technology foundation, improving operational efficiency, and supporting initiatives for future growth [5] - Strategic investments are being made to grow platform volume and leverage the broker-dealer to expand transaction opportunities [6] - The company aims to create a more efficient and accessible marketplace for issuers and investors while ensuring regulatory compliance [9] - The acquisition of Iverson Design's assets is expected to enhance in-house creative and product capabilities, crucial for the adoption of tokenization [10] Management's Comments on Operating Environment and Future Outlook - The CEO expressed confidence in the company's value proposition to help small businesses with financing needs and emphasized the importance of achieving sufficient scale for the underlying economics of the business model [5][6] - Management acknowledged that the company is still in a transition period, with the potential for future growth as the platform evolves [6] Other Important Information - The company is developing a proprietary application to streamline SEC EDGAR filings, which is expected to improve filing efficiency for issuers [12] - Marketing automation tools have been implemented to enhance communication and support scalable operations as the business grows [12] Q&A Session Summary - The conference call did not include a Q&A session, as the operator concluded the call without opening the floor for questions [15]