SafeSpace Global Corp
For the period ended Jan 31, 2026. Filed Mar 17, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jan 31, 2026 · Filed Mar 17, 2026
SSGCStored price and day change unavailable
What changed in Management’s Discussion and Analysis?
Read the current filingPrevious report: 10-Q
Period ended 2025-10-31; filed 2025-12-15.
0001493152-25-027661
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsCurrent report: 10-Q
Period ended 2026-01-31; filed 2026-03-17.
0001493152-26-010534
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 88 previous paragraphs and 116 current paragraphs.
59 unchanged; 17 reworded; 37 added; 12 removed; 0 previous and 3 current paragraphs rearranged.
Tables are not compared: 4 previous and 6 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Added paragraphs (37)
Current report
Three Months Ending January 31, 2026 Compared to the Three Months Ending January 31, 2025
Current report
Our business did not produce revenue during the three-month periods ending January 31, 2026 or 2025.
Current report
Officers’ compensation - Officers’ compensation increased $204,096, or 145%, compared to the prior-year period. The increase was primarily attributable to higher executive compensation from the addition of executive leadership personnel and annual compensation increases.
Current report
Bonuses and incentives – Bonuses and incentives increased $25,957 compared to the prior-year period, which had no comparable expense. The increase reflects performance-based incentive compensation recognized during the current quarter.
Current report
*Insurance -*Insurance expense increased to $88,748 compared to the prior-year period, which had no comparable expense. The increase reflects the addition of corporate insurance policies, including directors’ and officers’ insurance, as well as other business coverage obtained during the current period.
Current report
Software Development – Software development expenses decreased $28,886, or 74%, compared to the prior-year period. The decrease was primarily attributable to the capitalization of certain in-process development project costs during the current quarter.
Current report
Sales support – Sales support expenses increased $14,270 compared to the prior-year period, which had no comparable expense. The increase reflects the addition of sales support activities during the current quarter.
Current report
*Advertising and Marketing -*Advertising and marketing expense decreased $40,105, or 55%, compared to the prior-year period. The decrease reflects reduced marketing campaigns and promotional activities during the current quarter.
Current report
Rent expense – Rent expense increased $15,221, or 98%, compared to the prior-year period. The increase was primarily due to the addition of rent expense from space in the Nashville area recognized during the current quarter.
Current report
Office expense- Office expense decreased $116 and in line with expenses in the same period in the prior year.
Current report
Other- Other expenses decreased $66,609 or 394% over the same period in the prior period and primarily reflects the reclassification of $51,632 to selling, general and administration related to stock forfeitures from stock-based compensation.
Current report
*Stock-based Compensation -*Stock-based compensation expense decreased $466,930, or 75%, compared to the prior-year period. The decrease was primarily attributable to the forfeiture and cancellation of certain restricted stock awards during the current quarter.
Current report
Amortization expense- Amortization expense decreased $122,908, or 99%, compared to the prior-year period. The decrease was primarily due to the full amortization of previously capitalized software development costs.
Current report
Depreciation expense- Depreciation expense increased $9,505 compared to the prior-year period, which had no comparable expense. The increase reflects property and equipment placed in service during the current quarter.
Current report
*Impairment of intangibles –*Impairment of intangibles decreased $30,547 compared to the prior-year period. There was no impairment expense recorded during the current quarter.
Current report
Six Months Ending January 31, 2026 Compared to the Six Months Ending January 31, 2025
Current report
Revenues
Current report
Our business did not produce revenue during the six-month periods ending January 31, 2026 and 2025.
Current report
Operating Expenses
Current report
Officers’ compensation - Officers’ compensation increased $374,845, or 135%, compared to the prior year period. The increase was primarily attributable to higher executive compensation resulting from the addition of executive leadership personnel and annual compensation increases during the current period.
Current report
Bonuses and incentives – Bonuses and incentives increased $40,957 compared to the prior year period, which had no comparable expense. The increase reflects performance-based incentive compensation recognized during the current period.
Current report
Salaries and wages – Salaries and wages increased $306,029 compared to the prior year period, which had no comparable expense. The increase was primarily attributable to the conversion of certain contract personnel to employee status and the addition of finance, accounting, and administrative personnel to support expanded operations during the current period.
Current report
Contract labor – Contract labor increased $200,927, or 300%, compared to the prior year period. The increase was primarily attributable to the engagement of independent contractors to support operational, administrative, and development initiatives during the current period.
Current report
*Professional Fees -*Professional fees increased $347,105, or 288%, compared to the prior year period. The increase was primarily due to higher legal, accounting, and IT support fees, including costs associated with regulatory compliance and reporting requirements during the current period.
Current report
*Insurance -*Insurance expense increased to $157,611 compared to the prior year period, which had no comparable expense. The increase reflects the addition of corporate insurance policies, including directors’ and officers’ insurance, as well as other business coverage obtained during the current period.
Current report
Software Development – Software development expenses decreased $51,814, or 71%, compared to the prior year period. The decrease was primarily attributable to the capitalization of certain in-process development project costs and changes in the timing of development activities during the current period.
Current report
*Travel and entertainment –*Travel and entertainment expense increased $94,729, or 111%, compared to the prior year period. The increase was primarily due to increased business travel by senior management and expanded business development efforts during the current period.
Current report
*Advertising and Marketing -*Advertising and marketing expenses decreased $15,673, or 17%, compared to the prior year period. The decrease reflects reduced marketing campaigns and promotional activities during the current period.
Current report
Rent expense – Rent expense increased $35,782, or 140%, compared to the prior-year period. The increase was primarily due to the addition of leased office space and rent expense from space in the Nashville area during the current period.
Current report
Office expense- Office expense increased $28,557, or 50%, compared to the prior year period. The increase reflects higher general office-related costs associated with expanded operations during the current period.
Current report
Other- Other expenses decreased $13,256, or 77%, compared to the prior year period. The decrease reflects lower miscellaneous operating expenses during the current period.
Current report
*Stock-based Compensation -*Stock-based compensation expense decreased $377,385, or 19%, compared to the prior year period. The decrease reflects lower expense recognized during the current period due to the forfeiture, cancellation, or near completion of amortization of certain equity awards granted in prior periods.
Current report
Amortization expense- Amortization expense decreased $176,573, or 99%, compared to the prior year period. The decrease was primarily due to the full amortization of previously capitalized software development costs.
Current report
Depreciation expense- Depreciation expense increased $9,505 compared to the prior year period, which had no comparable expense. The increase reflects property and equipment placed in service during the current period.
Current report
*Impairment of intangibles –*Impairment of intangibles decreased $46,225 compared to the prior-year period. There was no impairment expense recorded during the current period.
Current report
Other Income (Expense)
Current report
Interest Expense - Interest expense decreased $31,637 over the same period in the prior year due to a decrease in the average outstanding debt balance during this same period in the prior period.
Removed paragraphs (12)
Previous report
We had no Contract revenue or Cost of contracts during the three months ended October 31, 2025 or 2024, respectively.
Previous report
Officers’ Compensation - Officers’ compensation increased $170,750, or 124%, over the prior period primarily due to the addition of the new executive officers.
Previous report
Bonuses and incentives – Bonuses and incentives increased $15,000 over the prior period and is attributable to bonuses and incentive payments to personal.
Previous report
Insurance– Insurance expense increased $68,863 over the prior period and is attributable to the addition of health, dental and business insurance.
Previous report
Software Development – Software development expenses decreased $22,928, or 68% over the same period in the prior year primarily due to in-process costs being capitalized during the three months ending October 31, 2025.
Previous report
*Advertising and Marketing -*Advertising and marketing costs increased $24,432, or 138% over the same period in the prior year due to increased promotional activities.
Previous report
Rent expense – Rent expense increased $30,680 over the same period in the prior year due to no rent expense in the prior year.
Previous report
Office expense- Office expense increased $19,264, or 92% primarily due to increases in office expense activity over the same period in the prior year.
Previous report
Other- Other expenses increased $1,305, or 137% over the same period in the prior year primarily due to limited activity over the same period in the prior year.
Previous report
*Stock-based Compensation -*Stock-based compensation expense increased $298,613, or 116% from the same period in the prior year. The increase results from the amortization of the grant date fair value of new restricted stock awards.
Previous report
Amortization- Amortization expenses decreased $53,665, or 99% over the same period in the prior year, primarily due to a reduction in the estimated useful life from three years to two years of software development costs during the three months ending October 31, 2025.
Previous report
*Impairment of Intangibles -*Impairment of intangibles decreased $15,678 over the same period in the prior year. The impairment expense, during the three months ending October 31, 2024, relates to the abandonment of certain patent applications and the establishment of an impairment reserve on active patent applications.
Reworded paragraphs (17)
Previous wording
SafeSpace Global Corporation is executing a focused growth strategy led by a world-class team of executives with deep experience in scaling innovative companies. Our leadership team combines proven operational expertise with a mission-driven commitment to safety and impact. Our primary objective is to expand the adoption of our life-saving multimodal AI technology across both existing and emerging verticals. These include senior living, education, transportation, and corrections—with future expansion planned into commercial infrastructure and high-risk institutional settings. To support this growth, we have strengthened our development team with senior IT architects, AI specialists, and systems engineers who are accelerating product innovation and market deployment on a global scale. A key pillar of this strategy is our dedicated sales force, which brings both deep domain knowledge and a shared commitment to leveraging AI to save lives. This integrated team is actively driving customer engagement, market penetration, and adoption of our multimodal safety solutions across diverse environments.
Current wording
Our primary objective is to expand the adoption of our life-saving multimodal AI technology across both existing and emerging verticals. These include senior living, education, transportation, and corrections—with future expansion planned into commercial infrastructure and high-risk institutional settings. To support this growth, we have strengthened our development team with senior IT architects, AI specialists, and systems engineers who are accelerating product innovation and market deployment on a global scale. A key pillar of this strategy is our dedicated sales force, which brings both deep domain knowledge and a shared commitment to leveraging AI to save lives. This integrated team is actively driving customer engagement, market penetration, and adoption of our multimodal safety solutions across diverse environments.
Previous wording
As of the date of this filing, the Company has approximately $5,300,000 in cash and cash equivalents from recent private placements. Management believes this adequately supports the Company’s five-year strategic plan enabling strategic initiatives, such as acquisitions, investments in advanced AI technology, and the expansion of its technology development team. SafeSpace Global Corporation remains committed to driving innovation in healthcare technology, with a focus on solutions that enhance safety, efficiency, and patient outcomes across various care settings.
Current wording
As of the date of this filing, the Company has approximately $2,900,000 in cash and cash equivalents from recent private placements. Management believes this adequately supports the Company’s five-year strategic plan enabling strategic initiatives, such as acquisitions, investments in advanced AI technology, and the expansion of its technology development team. SafeSpace Global Corporation remains committed to driving innovation in healthcare technology, with a focus on solutions that enhance safety, efficiency, and patient outcomes across various care settings.
Previous wording
The table below presents a comparison of our operating expenses for the three months ended July 31, 2025 and 2024:
Current wording
The table below presents a comparison of our operating expenses for the three months ending January 31, 2026 and 2025:
Previous wording
Salaries and wages– Salaries and wages increased $153,206 over the prior period and is attributable to the addition of new finance, accounting and administrative personnel.
Current wording
Salaries and wages – Salaries and wages increased $152,823 compared to the prior-year period, which had no comparable expense. The increase was primarily attributable to the addition of finance, accounting, and administrative personnel during the current quarter.
Previous wording
Contract labor – Contract labor increased $78,491, or 218%, over the prior period and is attributable to the addition of new contract finance, accounting and administrative personnel.
Current wording
Contract labor – Contract labor increased $122,436, or 396%, compared to the prior-year period. The increase was primarily attributable to the engagement of contract operational, finance, accounting, and administrative personnel to support expanded business activities.
Previous wording
*Professional Fees -*Professional fees increased $180,776, or 250% over the same period in the prior year primarily due to increased legal, accounting, and IT support fees.
Current wording
*Professional Fees -*Professional fees increased $166,329, or 344%, compared to the prior-year period. The increase was primarily due to higher legal, accounting, and IT support fees incurred during the current quarter.
Previous wording
*Travel and entertainment –*Travel and entertainment expense increased $64,966, or 262% over the same period in the prior year. The increase is primarily due to increased business travel.
Current wording
*Travel and entertainment –*Travel and entertainment expense increased $29,763, or 49%, compared to the prior-year period. The increase was primarily due to increased business travel by senior management and business development personnel.
Previous wording
The table below presents a comparison of our other income (expense) for the three months ended October 31, 2025 and 2024:
Current wording
The table below presents a comparison of our other income (expense) for the three months ending January 31, 2026 and 2025:
Previous wording
Interest income - Interest income increased $67,029 for the three months ended October 31, 2025, resulting from interest earned from our outstanding cash balances. We had no interest income during the three months ended October 31, 2024.
Current wording
Interest income - Interest income increased $42,101 for the three months ended January 31, 2026, resulting from interest earned from our outstanding cash balances. We had no interest income during the three months ending January 31, 2025.
Previous wording
Interest Expense - Interest expense decreased $13,937 over the prior year. Interest expense decreased due to the payoff of all outstanding debt.
Current wording
Interest Expense - Interest expense decreased $17,700 over the prior year. Interest expense decreased due to the payoff of all outstanding debt.
Previous wording
Sales support– Sales support expense increased $2,790 over the prior period and is attributable to no sales support expenses during the prior comparable period.
Current wording
Sales support – Sales support expenses increased $17,060 compared to the prior year period, which had no comparable expense. The increase reflects expanded sales support activities during the current period.
Previous wording
The following table summarizes our working capital for the three months ended October 31, 2025 and fiscal year ended July 31, 2025:
Current wording
The following table summarizes our working capital for the six months ended January 31, 2026 and fiscal year ended July 31, 2025:
Previous wording
Current assets for the period ending October 31, 2025 decreased $1,564,715 as compared to the fiscal year ended July 31, 2025. The decrease is primarily due to $1,687,066 in operating expenses experienced during the current period.
Current wording
Current assets for the period ending January 31, 2026 decreased $3,680,277 as compared to the fiscal year ended July 31, 2025. The decrease is primarily due to $2,851,117 in operating expenses experienced during the current period.
Previous wording
Current liabilities for the period ending October 31, 2025 decreased $57,265 as compared to the fiscal year ended July 31, 2025. The decrease is primarily due to decreases in accounts payable and accrued expenses over the comparable period.
Current wording
Current liabilities for the period ending January 31, 2026 decreased $45,286 as compared to the fiscal year ended July 31, 2025. The decrease is primarily due to decreases in accounts payable and accrued expenses over the comparable period.
Previous wording
We currently do not have a revenue source and will continue to have negative cash flow from operations for the near future. The factors in determining operating cash flows are largely the same as those that affect net earnings, except for non-cash expenses such as depreciation and amortization, stock-based compensation, and impairment of intangibles, which affect earnings but do not affect operating cash flow. Net cash used by operating activities was $1,188,899 for the three months ending October 31, 2025, as compared to net cash used by operating activities of $378,667 for the comparable prior period. The increase in cash used by operating activities is primarily attributable to an increase in operating costs and the payment of accounts payable and accrued expenses, related party items.
Current wording
We currently do not have a revenue source and will continue to have negative cash flow from operations for the near future. The factors in determining operating cash flows are largely the same as those that affect net earnings, except for non-cash expenses such as depreciation and amortization, stock-based compensation, and impairment of intangibles, which affect earnings but do not affect operating cash flow. Net cash used by operating activities was $2,446,642 for the six months ending January 31, 2026, as compared to net cash used by operating activities of $873,002 for the comparable prior period. The increase in cash used by operating activities is primarily attributable to an increase in operating costs and the payment of accounts payable and accrued expenses, related party items.
Previous wording
Net cash used by investing activities for the development of software for our internal use was $388,734 for the three months ending October 31, 2025. We did not incur net cash used in investing activities during the comparable prior period.
Current wording
Net cash used by investing activities for the development of in-process software and computers and equipment was $1,238,678 for the six months ending January 31, 2026. We did not incur net cash used in investing activities during the comparable prior period.
Previous wording
The company had no net cash provided by financing activities for the three months ending October 31, 2025. Net cash provided by financing activities was $2,216,767 for the three months ending October 31, 2024. The decrease is primarily due to the receipt of $2,452,000 in net proceeds from the sale of our common stock at an average price of $0.10 per share during the three months ending October 31, 2024.
Current wording
The company had no net cash provided by financing activities for the six months ending January 31, 2026. Net cash provided by financing activities was $6,903,656 for the six months ending January 31, 2025, and was primarily due to the receipt of proceeds from the sale of our common stock..
Rearranged current paragraphs (3)
Current report — wording carried from elsewhere
The table below presents a comparison of our operating expenses for the six months ending January 31, 2026 and 2025:
Current report — wording carried from elsewhere
The table below presents a comparison of our other income (expense) for the six months ended January 31, 2026 and 2025:
Current report — wording carried from elsewhere
Interest income - Interest income increased $109,130 for the six months ended January 31, 2026, resulting from interest earned from our outstanding cash balances. We had no interest income during the six months ended January 31, 2025.