Blue Line Holdings Inc. filed a Form 10-Q with the SEC on November 13, 2026, covering the fiscal quarter ended September 30, 2026, disclosing continued operating losses and a stockholders' deficit for the development-stage company.

Key Highlights

  • No revenue generated: The company reported zero revenues for both the three months ended September 30, 2026 and the comparable period ended September 30, 2025, according to the filing.
  • Net loss of $12,459: The company recorded a net loss of $12,459 for the quarter ended September 30, 2026, compared to a net loss of $10,116 for the same period in 2025.
  • Accumulated deficit of $208,721: As of September 30, 2026, the accumulated deficit stood at $208,721, up from $196,262 as of June 30, 2026.
  • Total assets of $4,009: Total assets were $4,009 as of September 30, 2026, consisting of $1,759 in cash and $2,250 in prepaid expenses.
  • Stockholders' deficit of $90,521: Total stockholders' deficit reached $90,521 as of September 30, 2026, compared to $83,562 at the prior fiscal year-end.
  • Common stock issuances: The company issued 35,000 shares for interest on a promissory note at $0.10 per share and 20,000 shares for extension of promissory notes at $0.10 per share during the quarter.
  • Shares outstanding: As of November 13, 2026, there were 10,281,000 shares of common stock, par value $0.001 per share, outstanding.

Blue Line Holdings' Financial Position for the September 2026 Quarter

Blue Line Holdings Inc. (OTC:BLNH) describes itself in the filing as "an industrial Company looking to introduce its licensed product in the European market," incorporated on May 16, 2024 in Colorado. The company has not generated revenues since its formation, and the filing notes cumulative operating losses since that date. Total operating expenses for the quarter ended September 30, 2026 were $10,626, composed of $5,000 in professional fees, $5,585 in transfer agent and filing fees, and $41 in general and administrative costs.

Interest expense of $1,833 was recorded for the quarter, resulting in a loss before income taxes of $12,459. No income taxes were paid. The company financed its operations partly through promissory notes: proceeds from issuance of promissory notes totaled $15,000 during the quarter, while the promissory notes balance on the balance sheet stood at $70,333, net of discount, as of September 30, 2026, up from $59,000 at June 30, 2026. Accounts payable and accrued liabilities declined to $24,197 from $32,052 over the same period.

Cash at the end of the period was $1,759, down from $2,180 at the start of the quarter. Net cash used by operating activities was $15,421 for the three months ended September 30, 2026. The filing identifies going concern as a matter of note, stating the company "has incurred cumulative operating losses since the date of formation." The filing also contains forward-looking statements that the company cautions are subject to risk factors, including "development risks, competition from well-funded competitors, and our ability to manage growth," as stated in the registrant's own cautionary language.

What Was Disclosed

Blue Line Holdings Inc. disclosed its unaudited financial results for the quarter ended September 30, 2026, reporting zero revenues, a net loss of $12,459, total assets of $4,009, and a total stockholders' deficit of $90,521, alongside share issuances tied to promissory note obligations.