Baltic International USA Inc. has released its quarterly report for the period ending September 30, 2026, showcasing ongoing financial difficulties. The company continues to face a significant working capital deficit, raising concerns about its future operations and ability to meet obligations.

The report, filed on November 12, 2026, indicates that Baltic International, which operates in the Blank Checks industry, is struggling to generate revenue. The company reported no revenues for the quarter, while operating expenses remained consistent with previous periods, resulting in a net loss of $6,346 for the three months ended September 30, 2026.

Background

Baltic International USA Inc. is a Texas-based company primarily engaged in the business of seeking potential acquisitions or business combinations. The firm is classified under the Standard Industrial Classification (SIC) code 6770, which pertains to Blank Checks. Baltic International is traded on the OTC market under the ticker symbol BISA.

Recent filings include a series of 10-Q reports, with the latest being filed on November 12, 2026, and previous filings dating back to August 2026. The company has faced ongoing financial challenges, as indicated by its consistent reporting of losses.

What the Filing Says

According to the latest filing, Baltic International's total assets remain at a mere $2,976, with total liabilities amounting to $5,318,354. The report states, "We have incurred operating losses since inception," and highlights an accumulated deficit of $19,276,626 as of September 30, 2026. The company has also noted a working capital deficit of $5,315,378, which has increased from the previous reporting period.

Impact

This financial situation may impact various stakeholders, including shareholders and potential investors. The ongoing losses and significant debt obligations may deter new investment and complicate any future business combinations that Baltic International seeks to pursue. Additionally, the company's ability to continue as a going concern is in question, as management has expressed substantial doubt regarding its liquidity and financial stability.

What's Next

The filing does not specify what happens next for Baltic International USA Inc. Management has indicated that they plan to continue seeking opportunities for business combinations, but the path forward remains uncertain given the current financial landscape.