$HLEO

Helio Corp /FL/

CIK:0001953988|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)	3 Months Ended		9 Months Ended
	Jul. 31, 2026	Jul. 31, 2025	Jul. 31, 2026	Jul. 31, 2025
Revenue:
Total Revenue	$ 590,626	$ 784,587	$ 1,543,492	$ 3,384,423
Costs of revenue	325,534	686,197	905,106	2,680,940
Gross profit	265,092	98,390	638,386	703,483
Operating expenses
General and administrative expenses	347,872	607,537	3,359,080	2,072,456
Personnel expenses	25,162	116,664	97,680	408,908
Facilities expense	175,156	149,741	609,430	549,537
Professional fees	257,469	120,676	632,760	343,495
Depreciation expense	5,665	5,666	16,997	16,996
Total Operating Expenses	811,324	1,000,284	4,715,947	3,391,392
Operating loss	(546,232)	(901,894)	(4,077,561)	(2,687,909)
Other (expense) income:
Interest expense, net	(54,070)	(48,860)	(293,123)	(197,020)
Amortization of debt discount	(420,163)	0	(864,738)	0
Change in fair value of derivative liability	(412,977)	0	(731,919)	0
Gain on extinguishment of derivative liability	420,239	0	509,476	0
Loss on issuance of derivative	(105,527)	0	(105,527)	0
Loss on modification of debt	0	0	(51,480)	0
Loss on debt extinguishment	(352,760)	0	(1,236,303)	0
Total other (expense) income	(925,258)	(48,860)	(2,773,614)	(197,020)
Provision for income taxes	0	0	0	0
Net loss	$ (1,471,490)	$ (950,754)	$ (6,851,175)	$ (2,884,929)
Basic net loss per share	$ (0.29)	$ (0.42)	$ (1.52)	$ (1.28)
Diluted net loss per share	$ (0.29)	$ (0.42)	$ (1.52)	$ (1.28)
Weighted average shares outstanding - basic	5,083,427	2,252,727	4,501,826	2,252,727
Weighted average shares outstanding - diluted	5,083,427	2,252,727	4,501,826	2,252,727
Service [Member]
Revenue:
Total Revenue	$ 479,544	$ 508,913	$ 1,273,567	$ 2,104,275
Engineering Fees [Member]
Revenue:
Total Revenue	8,391	40,234	65,545	289,587
Materials [Member]
Revenue:
Total Revenue	$ 102,691	$ 235,440	$ 204,380	$ 990,561

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)	9 Months Ended
	Jul. 31, 2026	Jul. 31, 2025
CASH FLOWS USED IN OPERATING ACTIVITIES
Net loss	$ (6,851,175)	$ (2,884,929)
Adjustments to reconcile net loss to net cash used in operating activities
Depreciation and amortization	16,997	16,996
Stock-based compensation	81,159	126,603
Common stock issued for services	2,481,918	0
Loss on debt extinguishment	1,236,303	(0)
Loss on modification of debt	51,480	(0)
Loss on issuance of derivative	105,527	(0)
Gain on extinguishment of derivative liability	(509,476)	0
Amortization of debt discount	864,738	0
Right of use asset amortization	261,438	300,057
Change in fair value of derivative liability	731,919	0
Changes in assets and liabilities
Accounts receivable	(17,991)	788,869
Prepaid expenses and other current assets	102,143	(29,928)
Work in progress	0	174,537
Security deposits	3,980	0
Accounts payable and accrued expenses	47,479	59,121
Accrued compensation	(229,575)	206,787
Operating lease obligations	(314,060)	(307,866)
Net cash (used in) operating activities	(1,937,196)	(1,549,753)
CASH FLOWS FROM FINANCING ACTIVITIES
Sale of common stock	1,522,747	0
Common stock repurchased	(49,828)	0
Sale of Series A Convertible Preferred Stock, net of issuance costs	554,000	0
Sale of Series B Convertible Preferred Stock, net of issuance costs	309,500	0
Sale of Series C Convertible Preferred Stock, net of issuance costs	190,000	0
Proceeds from notes payable	100,000	550,000
Proceeds from notes payable - related parties	213,119	560,403
Proceeds from convertible notes payable	1,423,926	0
Repayment of notes payable	(522,034)	0
Repayment of convertible notes payable	(1,266,552)	0
Repayment of notes payable - related parties	(32,549)	(68,269)
Exercise of stock options	8,066	0
Net cash provided by financing activities	2,450,395	1,042,134
NET INCREASE (DECREASE) IN CASH	513,199	(507,619)
CASH - BEGINNING OF PERIOD	7,305	551,552
CASH - END OF PERIOD	520,504	43,933
CASH PAID DURING THE PERIOD FOR:
Interest expense	192,365	127,542
Income taxes	0	0
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING ACTIVITIES:
Conversion of notes payable and accrued interest	2,658,775	0
Accrual of dividends for preferred stock	12,394	0
Common stock issued with notes payable	41,517	0
To record derivative liability	1,785,010	0
To record debt discounts	(1,106,828)	0
Notes payable, related party transfer to notes payable	1,220,500	0
Conversion of notes payable into Series D Convertible Preferred Stock	100,000	0
Cashless exercise of warrants	391,437	0
Extinguishment of debt and accrued interest by shareholder	$ 879,163	$ 0

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Jul. 31, 2026	Oct. 31, 2025
Current Assets:
Cash	$ 520,504	$ 7,305
Accounts receivable, net	507,417	489,426
Prepaid expenses and other current assets	0	102,143
Total Current Assets	1,027,921	598,874
Property and equipment, net	47,729	64,726
Security deposits	72,675	76,655
Right-of-use lease assets, net	311,861	566,361
Total Non-current Assets	432,265	707,742
Total Assets	1,460,186	1,306,616
Current Liabilities:
Accounts payable and accrued expenses	187,179	273,936
Accrued compensation	700,980	930,555
Notes Payable - Related Parties	0	841,613
Notes payable	680,500	1,737,034
Convertible notes payable	202,930	197,798
Derivative liability	1,655,559	39,543
Operating lease obligations, current	387,215	477,956
Total Current Liabilities	3,814,363	4,498,435
Notes payable - Related Parties, less current portion	0	495,000
Notes payable, less current portion	70,000	150,000
Operating lease obligations, less current portion	0	223,319
Total Non-current Liabilities	70,000	868,319
Total Liabilities	3,884,363	5,366,754
Commitments and contingencies (Note 8)
Mezzanine Equity
Total Mezzanine Equity	333,096
Total Mezzanine Equity	333,096	0
Shareholders’ Deficit
Common stock, no par value, 100,000,000 shares authorized; 5,190,024 and 2,274,393 shares issued and outstanding as of July 31, 2026 and October 31, 2025, respectively	8,978,803	912,369
Additional paid in capital	99,975	0
Accumulated deficit	(11,836,076)	(4,972,507)
Total Shareholders’ Deficit	(2,757,273)	(4,060,138)
Total Mezzanine Equity and Shareholders’ Deficit	(2,424,177)	(4,060,138)
Total Liabilities, Mezzanine Equity, and Shareholders’ Deficit	1,460,186	1,306,616
Series A Convertible Preferred Stock [Member]
Mezzanine Equity
Total Mezzanine Equity	183,802	0
Series B Convertible Preferred Stock [Member]
Mezzanine Equity
Total Mezzanine Equity	70,368	0
Series C Convertible Preferred Stock [Member]
Mezzanine Equity
Total Mezzanine Equity	78,926	0
Series D Convertible Preferred Stock [Member]
Shareholders’ Deficit
Preferred stock value	$ 25	$ 0