INTERNET SCIENCES INC. Annual Report: A Plain-English Guide

I’ve put together this guide to help you understand how Internet Sciences Inc. (ISI) performed this year. My goal is to turn complex filing data into clear information so you can decide if this company fits your investment goals.

1. What does this company do?

Think of ISI as a "data janitor" for the industrial world. They offer software—specifically their IoTIMAX and DataClenz platforms—that cleans messy information from factory sensors. This helps companies make better decisions. They are currently moving away from one-off consulting projects to a subscription-based model. Their main goal is to license these data-cleaning tools to mid-sized manufacturers looking to improve their supply chains.

2. Financial performance: A tough year

2025 was a difficult year for the company.

• Revenue: The company reported $0 in revenue for 2025, down from $686,165 in 2024. This drop reflects their strategic decision to stop all legacy consulting work.
• Costs: Even with no sales, they spent $53,241 on operations, primarily for legal and audit fees required to stay compliant with regulators.
• The Bottom Line: The company lost $53,241 this year. Their total losses since inception have reached $2.4 million, as they have yet to turn a profit.

3. Financial health: The "Going Concern" warning

Auditors issued a "going concern" warning, which indicates a significant risk that the company may run out of money and be forced to shut down.

• Cash on hand: They ended 2025 with $0 in cash. Their liabilities currently exceed their assets.
• The Plan: Management states they need at least $250,000 immediately to fund basic operations for the next year. They intend to raise this capital by selling more shares or taking on debt.

4. Strategy and Research

The company is attempting to pivot toward long-term software development. They established two research subsidiaries, IoTICA and Analygence Limited, to develop "quantum-inspired" learning models. They also discontinued a UK-based broadcast project to focus entirely on their data platform. However, all research spending was halted in 2025 due to a lack of available capital.

5. Key risks

• Survival Risk: The company lacks the cash to sustain operations. Their survival is entirely dependent on securing new investment, which is not guaranteed.
• Dilution: Any future fundraising through the sale of shares will reduce the ownership percentage of existing investors.
• Competition: ISI competes against industry giants like Siemens and GE Digital, which possess significantly larger research and development budgets.
• Uncertainty: Plans to list on a major exchange like the NASDAQ are currently stalled, as the company does not meet the necessary size or equity requirements.

6. Future outlook

ISI is in a "make-or-break" phase. Their future depends on a successful fundraising round in early 2026. Without an immediate cash injection, the company faces a high risk of bankruptcy.

Investor Note: When evaluating this opportunity, consider whether the potential of their software platform outweighs the immediate risk of insolvency. Given the "going concern" status and the lack of current revenue, this represents a high-risk scenario that requires careful consideration of the company's ability to secure funding in the coming months.