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PTOS on OTC

P2 Solar, Inc.

P2 Solar, Inc. is an American construction - special trade contractors company, listed on OTC (PTOS).1

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Last updated Oct 21, 2026.

Overview

$26.4KRevenue, fiscal 20252
-$34.5KNet income, fiscal 20252

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  • TickerPTOS on OTC1
  • IndustryConstruction - Special Trade Contractors1
  • HeadquartersDE1
  • Incorporated inDE3
  • Business address13718 91 Avenue, Surrey, V3V 7X13
  • Filer categoryNon-accelerated filer, Smaller reporting company, Emerging growth company3

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P2 Solar, Inc., a Delaware corporation (hereinafter referred to as “we”, “us”, the “Company”, “P2 Solar” or the “Registrant”) has been in existence as a Company (including its predecessor British Columbia Corporation) since 1990. As discussed more fully below, the Company’s current business operations are focused on the construction of residential and commercial rooftop and ground mount solar power plants in Canada.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 2025

83.4%Gross margin2
-391.7%Operating margin2
-130.7%Net margin2
-84.1%Revenue growth, 20252

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue17¢$4.4K
  • Other costs83¢$22.0K

Out of $26.4K in revenue.2 The company lost money this year.

Financial statements

Revenue562$26.4K in 2025
0$50.0K$100.0K$150.0K$200.0K2022: $0$020222023: $0$020232024: $166.3K$166.3K20242025: $26.4K$26.4K2025−84%
Gross profit62$22.0K in 2025
0$20.0K$40.0K$60.0K$80.0K2023: $0$020232024: $67.0K$67.0K20242025: $22.0K$22.0K2025−67%
Operating income562-$103.3K in 2025+11% since 2022
-$150.0K-$100.0K-$50.0K02022: -$93.2K-$93.2K20222023: -$88.5K-$88.5K2023−5%2024: -$114.9K-$114.9K2024+30%2025: -$103.3K-$103.3K2025−10%
Net income562-$34.5K in 2025−71% since 2022
-$200.0K-$150.0K-$100.0K-$50.0K02022: -$119.8K-$119.8K20222023: -$177.5K-$177.5K2023+48%2024: -$148.4K-$148.4K2024−16%2025: -$34.5K-$34.5K2025−77%
Fiscal year20212022202320242025
Revenue$05$06$166.3K2$26.4K2
Cost of revenue$06$99.3K2$4.4K2
Gross profit$06$67.0K2$22.0K2
Operating expenses$93.2K5$88.5K6$181.9K2$125.3K2
Operating income-$93.2K5-$88.5K6-$114.9K2-$103.3K2
Interest$30.7K5$32.2K6$32.9K6
Income tax$05$06$02$02
Net income-$119.8K5-$177.5K6-$148.4K2-$34.5K2
Earnings per share (diluted)$0.002$0.002
Shares (weighted, diluted)67.9M shares273.9M shares2

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What it owns

What P2 Solar, 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.

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$90.3K2 Mar 31, 2025$90.3K2 Mar 31, 20240%

Properties, in its own words

The Company does not own or lease any property.

Item 2 of the 10-K filed Jul 15, 2025.4

Former names

  • NATCO INTERNATIONAL INC.Jul 28, 2004 to Mar 19, 20093
  • SPECTRUM INTERNATIONAL INCJun 26, 2002 to May 14, 20033

Timeline

  1. Jun 11, 20248-K Change of auditor9
  2. Jan 12, 20248-K Executive or director change10
  3. Nov 15, 20238-K Change of auditor11
  4. Nov 13, 20238-K Change of auditor12
  5. Aug 29, 20238-K Other events13

Filings

22 filings to the SEC since October 2021: 3 annual reports, 6 quarterly reports, 5 major events, 8 other. The latest 20:

  1. Aug 15, 2025NT 10-Q NOTICE OF LATE FILING EDGAR
  2. Jul 15, 202510-K EDGAR
  3. Jul 1, 2025NT 10-K EDGAR
  4. Mar 26, 2025DEF 14A EDGAR
  5. Feb 19, 202510-Q EDGAR
  6. Feb 14, 2025NT 10-Q EDGAR
  7. Nov 19, 202410-Q EDGAR
  8. Nov 15, 2024NT 10-Q NT-10Q EDGAR
  9. Aug 20, 202410-Q EDGAR
  10. Aug 15, 2024NT 10-Q NT-10Q EDGAR
  11. Jul 16, 202410-K EDGAR
  12. Jul 1, 2024NT 10-K EDGAR
  13. Jun 11, 20248-K EDGAR
  14. Feb 14, 202410-Q EDGAR
  15. Jan 12, 20248-K EDGAR
  16. Nov 20, 202310-Q EDGAR
  17. Nov 15, 20238-K/A FORM 8-K EDGAR
  18. Nov 14, 2023NT 10-Q NT-10Q EDGAR
  19. Nov 13, 20238-K EDGAR
  20. Aug 29, 20238-K EDGAR

The 22 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 P2 Solar, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARP2 Solar, Inc.1
  • CIK0001172069
  • Employer ID (EIN)98-02346804
  • Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; not a shell company4
  • Incorporated inDelaware4
  • Fiscal year endsMarch 311
  • Industry code (SIC)1700 Construction - Special Trade Contractors1
  • SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
  • Business address13718 91 Avenue, Surrey, V3V 7X1, British Columbia, Canada1
  • Phone778.321.00471
  • Shares outstanding128,571,513 shares as of Jul 8, 20254
  • Public float$171.7K as of Sep 30, 20244
  • AuditorBansal & Co. LLP, New Delhi, India PCAOB ID 2807; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceJun 26, 20021
  • Filings162 in all: NT 10-Q (31), 10-Q (25), 8-K (24), SB-2/A (12), NT 10-K (11), 10QSB (10), 10-K (9), UPLOAD (8)1
    All 19 form types

    10QSB/A (7), 8-K/A (5), 10KSB (4), 10-Q/A (3), CORRESP (3), D (3), 10-K/A (2), 10KSB/A (2), 15-15D (1), DEF 14A (1), SB-2 (1)

  • Latest filingsAnnual report (10-K) Jul 15, 2025
    Quarterly report (10-Q) Feb 19, 2025
    Proxy statement (DEF 14A) Mar 26, 2025
    Latest 8-K (8-K) Jun 11, 2024

Risk factors and legal proceedings

The risks P2 Solar, Inc. names in Item 1A of its 10-K filed Jul 15, 2025: 29 risks under these headings, as written.4

  • Risks Related to the Financial Position and Capital Requirements of the Company
  • The auditors of the Company have indicated doubt about the ability of the Company to continue as a going concern.
  • The operating losses and working capital deficiency of the Company raise substantial doubt about its ability to continue as a going concern. If the Company does not continue as a going concern, investors could lose their entire investment.
  • The Company has a limited operating history, which could make it difficult to accurately evaluate its business and prospects.
  • The Company requires substantial additional funding which may not be available to it on acceptable terms, or at all. If the Company fails to raise the necessary additional capital, it will be unable to achieve growth of its operations.
  • The financial results of the Company may fluctuate and may be difficult to forecast, and this may cause a decline in the trading price of the common stock of the Company.
  • The Company does not have an compensation committee, stockholders will have to rely on the entire Board of Directors to perform these functions.
  • If the Company fails to maintain an effective system of internal controls, it may not be able to accurately report on its financial results or detect fraud. Consequently, investors could lose confidence in the financial reporting of the Company and this may decrease the trading price of the common stock of the Company.
  • The Company is an “emerging growth company,” and as a result has reduced reporting requirements which may make the common stock of the Company less attractive to investors.
  • Risks Related to the Business of the Company
  • The business of the Company is concentrated in British Columbia, putting it at risk of region-specific disruptions.
  • The Company has a limited operating history in the solar installation industry and as such may not be successful in overcoming certain risks experienced by early-stage companies.
The other 19 risks
  • The Company acts as the licensed general contractor for its customers and is subject to risks associated with construction, cost overruns, delays, regulatory compliance, and other contingencies, any of which could have a material adverse effect on its business and results of operations.
  • The Company depends on its Chief Executive Officer to manage the business of the Company. The loss of services of this officer could adversely affect the business of the Company and negatively affect the financial condition, results of operations, cash flow and trading price of the common stock of the Company.
  • The Company has a heighted risk of conflict of interest and self-dealing given the size of its Board of Directors.
  • The Company operates in a highly competitive industry with no barrier to entry. Existing or future competitors may have significantly greater resources than the Company, which may make it difficult for the Company to compete.
  • The Company does not have any full-time employees or consultants, which could have a negative impact on the business of the Company and its profitability.
  • The Company’s business will be impaired if it loses any of the necessary license to operate or if more stringent government regulations are enacted or if the Company fails to comply with the growing number of regulations pertaining to solar energy and consumer financing industries.
  • Risks Related to Industry
  • The reduction, elimination or expiration of government subsidies and economic incentives for solar electricity applications could reduce demand for solar power systems and harm the Company’s business.
  • A material reduction in the retail price of traditional utility-generated electricity or electricity from other sources could have adverse effects on the Company's business, financial condition, results of operations, and prospects.
  • The Company's ability to offer economically viable solar energy systems to customers depends on its capacity to assist customers in arranging financing for such installations, which may be impeded by changes to government subsidies and grant programs.
  • The purchase and installation of solar energy systems faces potential adverse effects from rising interest rates.
  • The Company faces the risk of not being able to compete successfully against other solar and energy companies, which may hinder the development of its operations and lead to negative consequences for its business.
  • Adverse economic conditions may have material adverse consequences on the solar energy industry and on the Company’s business, results of operations and financial condition.
  • Developments in alternative technologies or improvements in distributed solar energy generation may materially adversely affect demand for the current solar energy products.
  • Risks Related to the Common Stock of the Company
  • The British Columbia Securities Commission has issued a cease trade order in respect of the securities of the Company for failing to comply with certain reporting obligations under applicable Canadian securities laws.
  • The Company does not expect to declare a cash dividend on its common stock in the foreseeable future.
  • There has been only a limited public market for the common stock of the Company and an active trading market for the common stock may not develop in the future.
  • Investors may have difficulty in reselling their shares due to the lack of market.
  • The market price of the common stock of the Company may fluctuate significantly, and stockholders may lose all or a part of their investment.
  • Future issuances of debt securities and equity securities may have adverse effects on the market price of shares of the Company's common stock and could be dilutive to existing stockholders.

Sources

The numbers on this page point here. Each one links to the record it came from.

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    SEC EDGAROther events