Overview
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- TickerPAXH on OTC1
- IndustryRetail-Home Furniture, Furnishings & Equipment Stores1
- HeadquartersDunedin, Florida1
- Incorporated inNV3
- Business addressPo Box 368, Dunedin, Fl 34697-03683
- Filer categoryNon-accelerated filer, Smaller reporting company3
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PreAxia Health Care Payment Systems Inc. (the "Company" or "PreAxia") was incorporated on April 3, 2000, in the State of Nevada.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2026
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.2
| Period ending | 2026-05-31 | 2025-05-31 |
|---|---|---|
| Revenues | $0 | $0 |
| Management and labor | $418.6K | $100.0K |
| Research and development | $307.6K | $0 |
| Consulting | $103.0K | $0 |
| Professional fees | $90.5K | $47.5K |
| Sales and marketing | $24.6K | $0 |
| General and administration | $31.6K | $4.6K |
| Amortization | $16.7K | $0 |
| Total operating expenses | $992.7K | $152.1K |
| Operating loss | -$992.7K | -$152.1K |
| Interest income | $622 | $0 |
| Interest expense | -$326 | $0 |
| Other income | $76 | $0 |
| Gain(loss) on settlements | -$169.1K | $70.1K |
| Net loss before income taxes | -$1.2M | -$82.0K |
| Less Income tax expense | $0 | $0 |
| Net loss | -$1.2M | -$82.0K |
| Other comprehensive income(loss) | -$1.8K | $2.2K |
| Net comprehensive loss | -$1.2M | -$79.8K |
| Weighted average shares - basic | 41.8M shares | 19.8M shares |
| Weighted average shares - diluted | 41.8M shares | 19.8M shares |
| Earnings per share - basic | -$0.03 | $0.00 |
| Earnings per share - diluted | -$0.03 | $0.00 |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.2
| Period ending | 2026-05-31 | 2025-05-31 | 2024-05-31 |
|---|---|---|---|
| Cash and cash equivalents | $1.0K | $0 | |
| Other current assets | $0 | $0 | |
| Total current assets | $1.0K | $0 | |
| Property and equipment, net | $582.6K | $0 | |
| Total assets | $583.6K | $0 | |
| Accounts payable and accruals | $207.2K | $43.7K | |
| Accruals and other current liabilities - related party | $579.0K | $468.7K | |
| Related party loans | $66.8K | $1.6M | |
| Bank indebtedness | $0 | $10 | |
| Convertible notes related party | $25.0K | $0 | |
| Short-term loans payable | $89.1K | $201.3K | |
| Total current liabilities | $967.2K | $2.3M | |
| Total liabilities | $967.2K | $2.3M | |
| Common stock, 75,000,000 shares authorized, $0.001 par value,44,714,782 and 19,767,698 issued and outstanding at May 31, 2026 and May 31, 2025 respectively | $44.7K | $19.8K | |
| Additional paid in capital | $5.9M | $2.8M | |
| Stock subscription | $0 | $7.8K | |
| Accumulated deficit | -$6.4M | -$5.2M | |
| Accumulated other comprehensive income | $57.6K | $59.4K | |
| Total shareholders' deficit | -$383.6K | -$2.3M | -$2.4M |
| Total liabilities and shareholders' deficit | $583.6K | $0 | |
| Common stock, shares authorized | 75.0M shares | 75.0M shares | |
| Common stock, par value | $0.00 | $0.00 | |
| Common stock, shares issued | 44.7M shares | 19.8M shares | |
| Common stock, shares outstanding | 44.7M shares | 19.8M shares |
| Period ending | 2026-05-31 | 2025-05-31 | 2024-05-31 |
|---|---|---|---|
| Cash and cash equivalents | $1.0K | $0 | |
| Other current assets | $0 | $0 | |
| Total current assets | $1.0K | $0 | |
| Property and equipment, net | $582.6K | $0 | |
| Total assets | $583.6K | $0 | |
| Accounts payable and accruals | $207.2K | $43.7K | |
| Accruals and other current liabilities - related party | $579.0K | $468.7K | |
| Related party loans | $66.8K | $1.6M | |
| Bank indebtedness | $0 | $10 | |
| Convertible notes related party | $25.0K | $0 | |
| Short-term loans payable | $89.1K | $201.3K | |
| Total current liabilities | $967.2K | $2.3M | |
| Total liabilities | $967.2K | $2.3M | |
| Common stock, 75,000,000 shares authorized, $0.001 par value,44,714,782 and 19,767,698 issued and outstanding at May 31, 2026 and May 31, 2025 respectively | $44.7K | $19.8K | |
| Additional paid in capital | $5.9M | $2.8M | |
| Stock subscription | $0 | $7.8K | |
| Accumulated deficit | -$6.4M | -$5.2M | |
| Accumulated other comprehensive income | $57.6K | $59.4K | |
| Total shareholders' deficit | -$383.6K | -$2.3M | -$2.4M |
| Total liabilities and shareholders' deficit | $583.6K | $0 | |
| Common stock, shares authorized | 75.0M shares | 75.0M shares | |
| Common stock, par value | $0.00 | $0.00 | |
| Common stock, shares issued | 44.7M shares | 19.8M shares | |
| Common stock, shares outstanding | 44.7M shares | 19.8M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.2
| Period ending | 2026-05-31 | 2025-05-31 |
|---|---|---|
| Net loss | -$1.2M | -$82.0K |
| (Gain) or loss on settlement of debt | $169.1K | -$70.1K |
| Option and warrant expense | $573.5K | $0 |
| Shares issued for services | $7.2K | $0 |
| Amortization of software | $16.7K | $0 |
| Accounts payable and accruals | $163.4K | $10.6K |
| Accruals and other current liabilities - related party | $110.3K | $100.0K |
| Net cash flows used by operating activities | -$121.2K | -$41.5K |
| Purchase of property and equipment | -$321.6K | $0 |
| Net cash flows from investing activities | -$321.6K | $0 |
| Bank overdrafts | -$10 | -$388 |
| Proceeds from short term debt | $16.9K | $10.0K |
| Repayments on short term debt | -$11.3K | $0 |
| Proceeds from related party loans | $23.7K | $29.7K |
| Repayments on related party loans | -$58.7K | |
| Proceeds from convertible notes - related parties | $25.0K | $0 |
| Proceeds from sale of stock | $450.0K | $0 |
| Net cash flows from financing activities | $445.6K | $39.3K |
| Foreign currency change | -$1.8K | $2.2K |
| Increase in cash during the year | $1.0K | -$14 |
| Cash paid for income taxes | $0 | $0 |
| Cash paid for interest | $13 | $0 |
| Stock issued for related party debt | $1.5M | $0 |
| Stock issued for short-term debt | $117.8K | $127.0K |
| Warrant and option expense for assets | $257.7K | $0 |
No quarter-by-quarter statement was filed.
Compare PREAXIA HEALTH CARE PAYMENT SYSTEMS INC. with another company
What it owns
What PREAXIA HEALTH CARE PAYMENT SYSTEMS INC. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $599.3K2 May 31, 2026 | $02 May 31, 2025 | |
| Accumulated depreciation | $16.7K2 May 31, 2026 | $02 May 31, 2025 | |
| Property and equipment, net | $582.6K2 May 31, 2026 | $02 May 31, 2025 |
Investments
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Finite-lived intangibles, gross | $102.2K9 May 31, 2025 | $102.2K9 May 31, 2024 | 0% |
| Accumulated amortization | $102.2K9 May 31, 2025 | $102.2K9 May 31, 2024 | 0% |
| Finite-lived intangibles, net | $09 May 31, 2025 | $09 May 31, 2024 |
Properties, in its own words
Although much of the research and development and the building of our system have been completed, our Calgary office closed during the 2017 fiscal year, and we presently operate out of remote employment sites.
Item 2 of the 10-K filed Sep 4, 2026.4
Leadership
Who has led PREAXIA HEALTH CARE PAYMENT SYSTEMS INC., and when. Pick a name to see everywhere that person has worked.
President
- PresidentKimberley Jo Coonfer Jan 4, 2007 to Jan 4, 200714
Board members and other officers (6)
- TreasurerGreg Coonfer Jan 4, 2007 to Jan 4, 200715
- SecretaryShawn Thorburn Jan 4, 2007 to Jan 4, 200716
- Board memberGreg Coonfer Jan 4, 2007 to Feb 28, 200815
- Board memberKimberley Jo Coonfer Jan 4, 2007 to Jan 4, 200714
- Board memberShawn Thorburn Jan 4, 2007 to Jan 4, 200716
- Board memberTom A. Zapatinas Jan 11, 2007 to Jan 11, 200717
Former names
- SUN WORLD PARTNERS INCMar 16, 2006 to Apr 14, 20093
Timeline
- Apr 21, 20268-K Earlier financial statements no longer reliable18
- Mar 5, 20268-K Change of auditor19
- Feb 26, 20268-K Change of auditor20
- Dec 23, 20258-K Change of auditor21
- Dec 12, 20258-K Change of auditor22
- Sep 12, 20258-K Entered a material agreement; Unregistered sale of shares; Executive or director change23
- Feb 4, 20258-K Other events24
- Oct 29, 20248-K Change of auditor25
- Aug 4, 20238-K Change of auditor26
Filings
46 filings to the SEC since October 2021: 6 annual reports, 18 quarterly reports, 9 major events, 13 other. The latest 20:
- Oct 15, 202610-Q EDGAR
- Sep 11, 202610-Q/A EDGAR
- Sep 4, 202610-K EDGAR
- Aug 31, 2026NT 10-K EDGAR
- May 15, 202610-Q QUARTERLY REPORT EDGAR
- Apr 21, 20268-K EDGAR
- Apr 21, 202610-Q EDGAR
- Mar 5, 20268-K/A FORM 8-K EDGAR
- Feb 26, 20268-K EDGAR
- Jan 12, 2026NT 10-Q NOTIFICATION OF LATE FILING EDGAR
- Dec 23, 20258-K EDGAR
- Dec 12, 20258-K EDGAR
- Oct 24, 202510-Q/A EDGAR
- Oct 21, 202510-Q EDGAR
- Oct 15, 2025NT 10-Q EDGAR
- Sep 30, 202510-K/A FORM 10-K AMENDMENT NO 1 EDGAR
- Sep 12, 202510-K EDGAR
- Sep 12, 20258-K EDGAR
- Aug 29, 2025NT 10-K EDGAR
- Jun 16, 202510-Q EDGAR
The 46 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
SEC filer profile
How PREAXIA HEALTH CARE PAYMENT SYSTEMS INC. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARPREAXIA HEALTH CARE PAYMENT SYSTEMS INC.1
- CIK0001350156
- Employer ID (EIN)20-43952714
- Filer statusNon-accelerated filer4
- Incorporated inNevada4
- Fiscal year endsMay 311
- Industry code (SIC)5700 Retail-Home Furniture, Furnishings & Equipment Stores1
- SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
- Business addressPo Box 368, Dunedin, FL 34697-03681
- Phone(403) 850-41201
- Shares outstanding48,314,782 as of Oct 15, 202613
- Public float$494.1K as of Nov 30, 20254
- AuditorM&K CPAS, PLLC, Woodlands, TX PCAOB ID 27384
- On EDGAR sinceMar 16, 20061
- Filings184 in all: 10-Q (55), NT 10-Q (26), 10-K (19), 8-K (18), NT 10-K (15), UPLOAD (13), SB-2/A (7), 10QSB (5)1
All 20 form types
3 (5), 8-K/A (5), CORRESP (4), DEF 14C (3), 10-Q/A (2), 10-K/A (1), 10KSB (1), 4 (1), 8-A12G (1), EFFECT (1), PRE 14C (1), SB-2 (1)
- Latest filingsAnnual report (10-K) Sep 4, 2026
Quarterly report (10-Q) Oct 15, 2026
Latest 8-K (8-K) Apr 21, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common | PAXH |
From the cover page of the 10-K filed Sep 4, 2026 (Section 12(b) of the Exchange Act).4
Risk factors and legal proceedings
Legal proceedings
We know of no material, active or pending legal proceedings against our company, nor are we involved as a plaintiff in any material proceeding or pending litigation. There are no proceedings in which any of our directors, officers or affiliates, or any registered or beneficial shareholder, is an adverse party or has a material interest adverse to our interest.
The opening of Item 3, Legal Proceedings.4
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- 14SEC EDGARKimberley Jo Coonfer, President
- 15SEC EDGARGreg Coonfer, Treasurer
- 16SEC EDGARShawn Thorburn, Secretary
- 17SEC EDGARTom A. Zapatinas, Board member
- 18
- 19SEC EDGARChange of auditor
- 20SEC EDGARChange of auditor
- 21SEC EDGARChange of auditor
- 22SEC EDGARChange of auditor
- 23
- 24SEC EDGAROther events
- 25SEC EDGARChange of auditor
- 26SEC EDGARChange of auditor