10-Q: Made in USA Inc. Q1 2026 Update: Strategic Shift and Financial Review

Made in USA Inc. reports on its Q1 2026 performance, detailing a strategic pivot towards reshoring manufacturing and supply chain transparency, alongside a review of its financial condition.

Summary

• The company, formerly Alixo-Yolloo Corporation, has rebranded as Made in USA Inc. following a change in control on August 28, 2025.
• The new business focus is on reshoring industrial capacity to the United States, rebuilding U.S. manufacturing, and ensuring supply chain authenticity using blockchain, AI, and IoT technologies.
• Made in USA Inc. is developing a technology platform for product certification, transparency, and validation, with plans to acquire overseas operations and reshore them.
• For the three months ended May 31, 2026, the company reported no revenue, compared to $11,476 in the prior year period.
• Total expenses for the three months ended May 31, 2026, were $2,987, primarily general and administrative expenses, a decrease from $43,002 in the same period of 2025.
• The net loss for the three months ended May 31, 2026, was $2,987, an improvement from a net loss of $31,526 for the three months ended May 31, 2025.
• As of May 31, 2026, the company had $1,250 in total current assets and $90,818 in total assets.
• Total liabilities were $622 as of May 31, 2026, with a total stockholders' deficit of $90,196.
• The company has substantial doubt about its ability to continue as a going concern due to limited revenues and accumulated losses.
• Management plans to finance operations over the next twelve months through director loans and private stock placements.
• On June 26, 2026, the company acquired intellectual property and assets from Made in USA One LLC, a related party, for 5,000,000 shares of common stock.

Sentiment

Score: 2

Explanation: StockSavvy.ai views this filing as having a negative sentiment due to the lack of revenue, continued net losses, and the explicit statement of substantial doubt about the company's ability to continue as a going concern, despite the strategic pivot.

Positives

• Significant reduction in operating expenses, from $43,002 in Q1 2025 to $2,987 in Q1 2026.
• Net loss improved significantly, from $31,526 in Q1 2025 to $2,987 in Q1 2026.
• Acquisition of core operating infrastructure for a technology-enabled Made in USA verification, certification, and supply-chain transparency platform on June 26, 2026.
• The acquired assets include premium domain names, AI-enabled verification tools, blockchain infrastructure, and ERP systems with IoT integration.

Negatives

• No revenue generated in the three months ended May 31, 2026, compared to $11,476 in the prior year.
• Substantial doubt exists regarding the company's ability to continue as a going concern due to accumulated deficit and anticipated future losses.
• Disclosure controls and procedures were found to be not effective.
• The company has an accumulated deficit of $66,097 as of May 31, 2026.

Risks

• The company's ability to continue as a going concern is dependent on generating profitable operations and/or obtaining necessary financing.
• Management intends to finance operating costs over the next twelve months with loans from directors and/or private placement of common stock, which may not be available on acceptable terms.
• Equity financing could result in additional dilution to existing shareholders.
• The company has a limited operating history and is in the start-up stage, with no assurance of success.
• The business is subject to risks inherent in establishing a new business enterprise, including limited capital resources and possible cost overruns.

Future Outlook

The company is focused on developing its technology platform for certification, transparency, and validation of American-made products. Management intends to finance operating costs over the next twelve months with loans from directors and/or private placement of common stock. The company anticipates further losses in the development of its business.

Management Comments

• "We intend to specialize in the onshoring of industrial companies to help rebuild the United States manufacturing base and meet the demand for products manufactured in the USA."
• "The Company is building a technology-based system leveraging blockchain, artificial intelligence (AI), and internet of things (IoT) technologies, to provide certification, transparency, and validation solutions for American-made products."
• "Accordingly, there is substantial doubt about the Companys ability to continue as a going concern."
• "Management intends to finance operating costs over the next twelve months with loans from directors and/or private placement of common stock."

Industry Context

StockSavvy.ai notes that Made in USA Inc.'s strategic pivot aligns with a growing trend of 'reshoring' and 'nearshoring' initiatives driven by geopolitical factors, supply chain vulnerabilities exposed by recent global events, and a desire for greater control and transparency in manufacturing. The company's focus on leveraging advanced technologies like blockchain and AI for verification and certification places it in a niche that addresses increasing consumer and regulatory demand for product authenticity and ethical sourcing.

Corporate Governance

Legal Proceedings

• No legal proceedings were pending or threatened as of May 31, 2026.

Related Party Transactions

• A small related party loan of $622 was made in the period ending November 30, 2025.
• On June 26, 2026, the Company acquired intellectual property and other assets from Made in USA One LLC, a related party, for 5,000,000 shares of its common stock.

Stakeholder Impact

• Shareholders: Potential for further dilution due to planned equity financing; current financial performance indicates significant risk.
• Creditors: The company's going concern status and limited liabilities suggest low immediate risk, but future financing is critical.
• Employees: The company's start-up nature and financial precariousness may create job insecurity.
• Suppliers: Limited current operations suggest minimal impact on suppliers at this stage.

Next Steps

• Continue development and operation of a technology-based system for reshoring industrial capacity and ensuring supply chain authenticity.
• Focus on acquiring technology and existing business operations overseas and reshoring them to the USA.
• Develop technology to assist in the tracking and authenticity of the origin of products.
• Secure financing through loans from directors and/or private placement of common stock to fund operations over the next twelve months.
• Integrate acquired intellectual property and assets from Made in USA One LLC.

Key Dates

Recommendation

The company is undergoing a significant strategic transformation with a focus on reshoring and supply chain verification, leveraging advanced technologies. While this pivot is promising and aligns with market trends, the current financial situation is precarious, marked by zero revenue, continued losses, and substantial doubt about its going concern status. The planned capital raise introduces dilution risk. A 'hold' recommendation reflects the speculative nature of the turnaround, awaiting concrete evidence of revenue generation and operational progress before considering a more positive stance.

Keywords

Made in USA Inc., Reshoring, Manufacturing, Supply Chain, Blockchain, AI, IoT, Certification, Transparency, SEC Filing, 10-Q, Financial Statements, Going Concern