MeritValue

Loan Artificial Intelligence Corp.

VESTdata completeness 88%4 fiscal years on file

Data notes: no data for concept 'totalDebt'; no data for concept 'investmentsAtFairValue'; no data for concept 'netInvestmentIncome'; no data for concept 'gainsOnRealEstateSales'; no data for concept 'realEstateImpairment'; no data for concept 'dividendsPaid'; no data for concept 'interestExpense'

i. The business — what you’d actually own
FigureFY 2022FY 2023FY 2024FY 2025
Revenue$01$02$03$03
Net income$2.12M4−$48,9295−$52,6756−$79,3366
Operating cash flow−$8,7667−$40,3288−$30,6839−$52,6119
Capital expenditure——$010$010
Free cash flow (derived)——−$30,6839−$52,6119
Total debt————
Cash & equivalents$75411$012$012$012
Diluted shares57.1M166.4M454,365454,365

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
shares
Net assets behind them
−$4.18
your share of equity
Profit it earned you last year
−$1.75
Free cash flow it threw off
−$1.16
Debt you’d be carrying
—

10 shares is a claim on −$4.18 of net worth that earned you −$1.75 and generated −$1.16 of cash last year.

iii. Is this a good business?
Moat signal · return on equity
— avg · 4y

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

seeing a moat in the numbers →
Management signal · capital allocation
−99% shares · 4y

Share count is down 99% over 4 years — management has been buying back stock, quietly handing owners a bigger slice.

reading capital allocation →

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 v0.5.0
DCF · Growth Exit 10Y
not applicable
only 2 years of FCF (need ≥3) — model not applicable
DCF · Growth Exit 5Y
not applicable
only 2 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
  1. 10-K · period ending 2022-12-31 · accession 0001683168-24-002466 (Revenues)
  2. 10-K · period ending 2023-12-31 · accession 0001683168-25-002612 (Revenues)
  3. 10-K · period ending 2024-12-31 · accession 0001683168-26-002984 (Revenues)
  4. 10-K · period ending 2022-12-31 · accession 0001683168-24-002466 (NetIncomeLoss)
  5. 10-K · period ending 2023-12-31 · accession 0001683168-25-002612 (NetIncomeLoss)
  6. 10-K · period ending 2024-12-31 · accession 0001683168-26-002984 (NetIncomeLoss)
  7. 10-K · period ending 2022-12-31 · accession 0001683168-24-002466 (NetCashProvidedByUsedInOperatingActivities)
  8. 10-K · period ending 2023-12-31 · accession 0001683168-25-002612 (NetCashProvidedByUsedInOperatingActivities)
  9. 10-K · period ending 2024-12-31 · accession 0001683168-26-002984 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K · period ending 2024-12-31 · accession 0001683168-26-002984 (PaymentsToAcquirePropertyPlantAndEquipment)
  11. 10-K · period ending 2022-12-31 · accession 0001683168-25-002612 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)
  12. 10-K · period ending 2023-12-31 · accession 0001683168-26-002984 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)