LifeQuest World Corp. (OTCID: LQWC) has filed its Quarterly Report and unaudited consolidated financial statements for the fiscal first quarter ended August 31, 2026, the first formal report reflecting its June 12, 2026 acquisition of Compaction and Recycling Equipment, Inc. (CARE) and Columbia Financial Services, Inc. (CFSI), according to the filing announced via NEWMEDIAWIRE.
The results mark a fundamental change in the scale of the company. LifeQuest reported revenue of $885,400, compared with no revenue in the same quarter of the prior year, and gross profit of $568,935, a gross margin of approximately 64%. Pretax income reached $24,249, compared with a net loss of $56,300 in the prior-year quarter, an improvement of $80,549. Total assets stood at $2,125,492.
The balance sheet strengthened alongside the income statement. Cash and cash equivalents were $548,200, up from $187,320 at May 31, 2026 and $110,846 at August 31, 2025. Stockholders' equity turned positive at $519,104, compared with a deficit of $158,854 at fiscal year-end, and working capital was $397,302 with a current ratio of 1.25x, versus negative working capital of $65,933 a year earlier. Unearned income, or deferred revenue, totaled $935,226. Interest-bearing obligations consist of $100,000 in principal, an $85,000 promissory note and a $15,000 convertible note, with no long-term debt on the balance sheet.
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. LifeQuest also relocated its headquarters from Ridgefield Park, New Jersey to Clackamas, Oregon.
The importance of the quarter lies in what the combined structure adds. CARE supplies waste compaction and recycling equipment, including sales, rental and service of compactors, trash chutes, balers and on-site food-waste biodigesters, while CFSI generates recurring revenue from a rental fleet of waste-handling equipment. The two reported combined unaudited revenue of approximately $3.48 million for the year ended December 31, 2025. BioPipe Global Corp., meanwhile, continues to win international orders, including two recent containerized sewage treatment plants for labor camps in the United Arab Emirates, with roughly 52 plants installed across Europe, Africa, South Asia, Southeast Asia and the Middle East.
"In a single quarter we moved from a development-stage wastewater technology company to a profitable environmental services platform," said Max Khan, President and Chief Executive Officer. He said the priority now is completing a PCAOB audit and SEC registration so investors can value LifeQuest on a fully reported basis.
The company outlined a roadmap toward full SEC reporting status and a higher-tier listing: completing a PCAOB-standard audit, filing a registration statement on Form 10 or Form S-1, and applying for quotation on the OTCQB Venture Market. Readers can review the company's operations at www.lifequestcorp.com, its wastewater systems at www.biopipe.co and its equipment business at www.waste-equipment.com.
For investors and the environmental services sector, the filing offers the first consolidated view of a business built around decentralized wastewater treatment, solid waste compaction and recycling, and organic waste processing. The company cautioned that the financial information is unaudited and may change upon completion of its audit and business combination accounting, and that forward-looking statements involve risks and uncertainties.
