REGO PAYMENT ARCHITECTURES, INC.

RPMTdata completeness 75%17 fiscal years on file

Data notes: no data for concept 'capex'; no data for concept 'totalDebt'; no data for concept 'incomeTaxExpense'; no data for concept 'pretaxIncome'

i. The business — what you’d actually own

Figure	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Revenue	$2,628¹	$2,073²	—	—	$2,250³
Net income	−$11.1M⁴	−$16.3M⁵	−$16.7M⁶	−$8.93M⁷	−$9.59M⁷
Operating cash flow	−$5.05M⁸	−$6.26M⁹	−$7.2M¹⁰	−$6.97M¹¹	−$6.15M¹¹
Capital expenditure	—	—	—	—	—
Free cash flow (derived)	—	—	—	—	—
Total debt	—	—	—	—	—
Cash & equivalents	$553,131¹²	$6.01M¹³	$6.26M¹⁴	$3.01M¹⁵	$158,687¹⁵
Diluted shares	122.8M	123.6M	131.6M	136.0M	136.3M

Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).

ii. Your slice — ownership made literal

If you owned

Net assets behind them

−$3.51

your share of equity

Profit it earned you last year

−$0.7

Free cash flow it threw off

—

Debt you’d be carrying

—

10 shares is a claim on −$3.51 of net worth that earned you −$0.7 last year.

iii. Is this a good business?

Moat signal · return on equity

— avg · 5y

Not enough data in the filings for a return-on-capital reading.

Management signal · capital allocation

+11% shares · 5y

Share count is up 11% over 5 years — owners have been diluted. Worth asking what they got for it.

Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.

iv. What it’s worth — engine v0.1.0

DCF · Growth Exit 10Y

not applicable

only 0 years of FCF (need ≥3) — model not applicable

DCF · Growth Exit 5Y

not applicable

only 0 years of FCF (need ≥3) — model not applicable

Earnings Power Value

not applicable

normalized (5y-median) earnings non-positive — EPV undefined

Graham Number

not applicable

diluted EPS missing or non-positive — Graham Number undefined

Different models answer different questions — which to trust when →

Sources — the receipts