Every 10-K that Preaxia Health Care Pmt Sys In (PAXH) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow PAXH and want that one kind of document rather than the whole filing history, this is the page to keep. The company’s other filings, of every form, are on the full PAXH filings page.
‘AI-banker’ developer PreAxia (PAXH) ends 2026 with $1K cash and no revenue
PREAXIA HEALTH CARE PAYMENT SYSTEMS INC. (PAXH) reported no revenue for the year ended May 31, 2026 and a net loss of $1.16 million as it develops its health-care payment and AI-driven personal finance platforms through its PreAxia and Zane subsidiaries.
Cash was only $1,003 and the working capital deficit was $966,177, leading management and auditors to state there is substantial doubt about the company’s ability to continue as a going concern. The accumulated deficit reached $6.37 million and disclosure controls and internal control over financial reporting were assessed as not effective due to material weaknesses.
To support operations and complete its business plan, the company estimates it needs $1.8 million over the next 12 months and plans to rely on equity placements and related-party financing. During 2026 it raised $450,000 in cash equity and converted $1.53 million of related-party and other debt into common stock, materially reducing liabilities but diluting existing shareholders.
PREAXIA 10-K/A Discloses Material Weaknesses and Convertible Debt
PREAXIA Health Care Payment Systems, Inc. (PAXH) amended its annual report with consolidated financials showing a stockholders’ deficit of $2,341,169 and an accumulated deficit of $5,210,390 as of May 31, 2025. The company used cash in operating activities of $41,516 for the year and reports factors that raise substantial doubt about its ability to continue as a going concern within one year. Management reclassified $126,967 of previously withheld loan conversions to additional paid-in capital and reports convertible debt and notes payable to related parties convertible at $0.10 per share. The filing discloses material weaknesses in internal control, including insufficient technical accounting staff and failure to file corporate tax returns for 2008 through 2025.
Unaudited PAXH 10-K Discloses Tax Returns 2008-2025 and Related‑Party Debt
Preaxia Health Care Payment Systems, Inc. filed an annual report that is unaudited and discloses material operational and financial weaknesses. The company markets products including a High-Interest Super Account claiming an average 10% APY, a Smart Debit Card, and a financial orchestration system called MoneyNet, and it reports Canadian HSA operations through Benecaid, Olympia Benefits, and QuickCard.
Financially, the filing shows 43,024,000 shares outstanding with 10,800,000 treasury shares; related-party obligations include a $466,817 promissory note, a $1,058,760 convertible note (convertible into 10,587,600 shares at $0.10 per share), officer compensation payable of $400,000, accounts payable-related party of $102,716, and loans payable–shareholders of $201,331. The company also states it failed to file corporate tax returns for 2008 through 2025 and lacks accounting staff with sufficient technical US GAAP and tax expertise. The report notes it will file an amendment once an audit is completed.
