LifeQuest World Corp. (OTCID: LQWC) has filed its first quarterly report as a combined company, reporting revenue of $885,400 and net income of $24,249 for the fiscal first quarter ended August 31, 2026. The results, announced through NEWMEDIAWIRE, represent a fundamental change in the scale of the company’s business following its June 12, 2026 acquisition of Compaction and Recycling Equipment, Inc. (CARE) and Columbia Financial Services, Inc. (CFSI).
The significance of the filing lies in the company’s transition from a development-stage wastewater technology firm to a profitable environmental services platform. In the same quarter of the prior year, LifeQuest reported no revenue. Gross profit for the recent quarter was $568,935, a gross margin of approximately 64%, and pretax income of $24,249 compared with a net loss of $56,300 a year earlier, an improvement of $80,549. The company also reported total assets of $2,125,492, cash and cash equivalents of $548,200, and stockholders’ equity of $519,104, up from a stockholders’ deficit of $158,854 at fiscal year-end May 31, 2026. Working capital turned positive at $397,302 with a current ratio of 1.25x, compared with negative working capital of $65,933 a year earlier.
“This filing is the first look at LifeQuest as the company we set out to build,” said Max Khan, President and Chief Executive Officer. “In a single quarter we moved from a development-stage wastewater technology company to a profitable environmental services platform with nearly $900,000 in quarterly revenue, more than $2.1 million in assets and positive stockholders’ equity.” Khan noted that CARE and CFSI provide a recurring revenue foundation in the Pacific Northwest, while BioPipe continues to win international orders, including two recent containerized sewage treatment plants for labor camps in the United Arab Emirates.
The balance sheet also reflects approximately $935,226 in deferred revenue, representing amounts billed or received in advance that the company expects to recognize as revenue in future periods as performance obligations are satisfied. For BioPipe Global, revenue is recognized once a plant is handed over, even though progress payments may have been received earlier. The company carries a modest debt load, with $100,000 in interest-bearing obligations consisting of an $85,000 promissory note and a $15,000 convertible note, and no long-term debt. No cash was paid at closing for the CARE and CFSI acquisition, which was completed for Series B Preferred Stock and the $85,000 promissory note. In connection with the integration, LifeQuest has relocated its headquarters from Ridgefield Park, New Jersey, to Clackamas, Oregon.
LifeQuest is pursuing a defined path toward full SEC reporting status and a higher-tier market listing. The company intends to complete a PCAOB-standard audit, file a registration statement with the SEC, and apply for quotation on the OTCQB Venture Market. More information about the company’s operations is available at www.lifequestcorp.com, www.biopipe.co, and www.waste-equipment.com. The full release can be viewed at www.newmediawire.com.
The implications of the announcement extend beyond the quarter’s numbers. The inclusion of CARE and CFSI, which reported combined unaudited revenue of approximately $3.48 million for the year ended December 31, 2025, gives LifeQuest a recurring revenue base from equipment sales, rental, and service. The positive stockholders’ equity and working capital position may improve the company’s ability to pursue an audit and SEC registration, steps that could broaden its investor base and support a higher market listing. However, the financial statements are unaudited and were not subject to an audit, review, or compilation, and the company’s forward-looking plans remain subject to risks and uncertainties.
