Overview
- TickerMMCP on OTC1
- IndustryIndustrial Process Furnaces & Ovens1
- HeadquartersChicago, Illinois1
- Incorporated inOK2
- Business address1141 W. Randolph Street, Suite 200, Chicago, Il 606072
- Filer categoryNon-accelerated filer, Smaller reporting company, Emerging growth company2
- Legal formCorporation
- Kind of organizationCommercial real estate vehicle1
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs100¢$4.1M
Out of $4.1M in revenue.3 The company lost money this year.
Where each dollar of operating cash went, fiscal 2025
- Kept or used elsewhere100¢$513.3K
Out of $513.3K of cash from operations.3
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Revenue | $4.1M | $2.1M |
| Gross margin | $1.4M | $658.3K |
| Professional fees | $72.9K | $91.8K |
| Consulting | $138.8K | $30.4K |
| Payroll expense | $406.9K | $281.9K |
| General and administrative | $879.6K | $528.7K |
| Total operating expenses | $1.5M | $932.8K |
| Loss from operations | -$115.0K | -$274.6K |
| Interest expense | -$8.8K | -$8.8K |
| Total other expense | -$8.8K | -$8.8K |
| Net loss before income tax | -$123.8K | -$283.3K |
| Net Loss | -$123.8K | -$283.3K |
| Loss per share, basic | $0.00 | $0.00 |
| Loss per share, diluted | $0.00 | $0.00 |
| Weighted average shares outstanding, basic | 100.1M shares | 100.1M shares |
| Weighted average shares outstanding, diluted | 100.1M shares | 100.1M shares |
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.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash | $513.8K | $484 | |
| Draws against commissions | $144.5K | $265.3K | |
| Prepaid expenses | $41.2K | ||
| Prepaid stock compensation | $46.2K | $185.0K | |
| Total Current Assets | $745.8K | $450.8K | |
| Operating lease right of use asset | $203.3K | $262.4K | |
| Total Other Assets | $203.3K | $262.4K | |
| Total Assets | $949.1K | $713.2K | |
| Operating lease liability current portion | $97.8K | $125.0K | |
| Total Current Liabilities | $890.1K | $508.9K | |
| Operating lease liability net of current portion | $208.1K | $229.7K | |
| Loan payable, net of current portion | $141.2K | $141.2K | |
| Long Term Liabilities | $349.3K | $370.9K | |
| Total Liabilities | $1.2M | $879.8K | |
| Common stock, $0.00001 par value, 480,000,000 shares authorized; 100,055,935 shares issued and outstanding | $1.0K | $1.0K | |
| Additional paid in capital | $2.8M | $2.8M | |
| Accumulated deficit | -$3.1M | -$3.0M | |
| Total Stockholders Equity | -$290.3K | -$166.6K | $116.8K |
| Total Liabilities and Stockholders Equity | $949.1K | $713.2K | |
| Preferred stock, par value | $0.00 | $0.00 | |
| Preferred stock, shares authorized | 20.0M shares | 20.0M shares | |
| Preferred stock, shares issued | 0 shares | 0 shares | |
| Common stock, par value | $0.00 | $0.00 | |
| Common stock, shares authorized | 480.0M shares | 480.0M shares | |
| Common stock, shares issued | 100.1M shares | 100.1M shares | |
| Common stock, shares outstanding | 100.1M shares | 100.1M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash | $513.8K | $484 | |
| Draws against commissions | $144.5K | $265.3K | |
| Prepaid expenses | $41.2K | ||
| Prepaid stock compensation | $46.2K | $185.0K | |
| Total Current Assets | $745.8K | $450.8K | |
| Operating lease right of use asset | $203.3K | $262.4K | |
| Total Other Assets | $203.3K | $262.4K | |
| Total Assets | $949.1K | $713.2K | |
| Operating lease liability current portion | $97.8K | $125.0K | |
| Total Current Liabilities | $890.1K | $508.9K | |
| Operating lease liability net of current portion | $208.1K | $229.7K | |
| Loan payable, net of current portion | $141.2K | $141.2K | |
| Long Term Liabilities | $349.3K | $370.9K | |
| Total Liabilities | $1.2M | $879.8K | |
| Common stock, $0.00001 par value, 480,000,000 shares authorized; 100,055,935 shares issued and outstanding | $1.0K | $1.0K | |
| Additional paid in capital | $2.8M | $2.8M | |
| Accumulated deficit | -$3.1M | -$3.0M | |
| Total Stockholders Equity | -$290.3K | -$166.6K | $116.8K |
| Total Liabilities and Stockholders Equity | $949.1K | $713.2K | |
| Preferred stock, par value | $0.00 | $0.00 | |
| Preferred stock, shares authorized | 20.0M shares | 20.0M shares | |
| Preferred stock, shares issued | 0 shares | 0 shares | |
| Common stock, par value | $0.00 | $0.00 | |
| Common stock, shares authorized | 480.0M shares | 480.0M shares | |
| Common stock, shares issued | 100.1M shares | 100.1M shares | |
| Common stock, shares outstanding | 100.1M shares | 100.1M 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.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$123.8K | -$283.3K |
| Depreciation expense | $16.0K | |
| Operating lease expense | $10.4K | $57.8K |
| Stock compensation | $138.8K | |
| Prepaids | -$41.2K | |
| Draws against commissions | $120.8K | -$57.0K |
| Accounts payable and accruals | $237.1K | $38.5K |
| Accounts payable and accruals related party | $116.2K | $17.3K |
| Proceeds from related parties | $185.0K | $245.0K |
| Repayment of related party advances | -$130.0K | -$90.0K |
| Net cash provided (used) by operating activities | $513.3K | -$55.7K |
| Net change in cash | $513.3K | -$55.7K |
| Cash paid for interest | $8.8K | $8.8K |
No quarter-by-quarter statement was filed.
Corporate structure
Mag Mile Capital, Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Mag Mile Capital, Inc.
- Henrik Rouf Filed SC 13D/A on Mag Mile Capital, Inc., latest May 16, 2023 (3 filings since May 24, 2022)
- Mag Mile Capital, Inc. Chicago, Illinois
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Mag Mile Capital, 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 | $191.3K3 Dec 31, 2025 | $191.3K3 Dec 31, 2024 | 0% |
| Accumulated depreciation | $191.3K3 Dec 31, 2025 | $191.3K3 Dec 31, 2024 | 0% |
| Operating-lease assets (leased space) | $203.3K3 Dec 31, 2025 | $262.4K3 Dec 31, 2024 | −22.5% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $513.8K3 Dec 31, 2025 | $4843 Dec 31, 2024 | +106052.3% |
Properties, in its own words
Our headquarters are located in Chicago Illinois, where we have an office lease dated January 1, 2023, with a term of three years, with a one-time renewal option for an additional three years, for 1,625 square feet at 1141 W. Randolph Street, Floor 2, Chicago, IL 60607 with 1141 W. Randolph, LLC, a company owned and controlled by Rushi Shah. The option to renew was exercised, extending the lease termination date to December 31, 2028.
On January 1, 2025, we entered into a commercial lease agreement, at 1141 W. Randolph St., Chicago, IL, for approximately 1,625 square feet of basement space, for use as office/lounge space.
The rest of Item 2
We have additional offices in Ann Arbor, Michigan, Dallas, Texas, Houston, Texas, Orlando, Florida, New York, New York and Westport, Connecticut, where we currently utilize shared office space with a monthly lease term.
We believe the foregoing are sufficient to meet our needs for the foreseeable future and that any additional space we may require in any of these metropolitan areas will be available on commercially reasonable terms.
Item 2 of the 10-K filed Apr 14, 2026.9
Leadership
Who has led Mag Mile Capital, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
- Chief executive officerRushi Shah Apr 7, 2023 to Apr 7, 202310
- Chief executive officerHenrik Rouf May 25, 2022 to Jun 13, 202211
- PresidentRushi Shah Apr 7, 2023 to Apr 7, 202310
- Chief financial officerHenrik Rouf May 25, 2022 to Jun 13, 202211
Board members and other officers (2)
- Board memberRushi Shah Apr 7, 2023 to Apr 7, 202310
- Board memberHenrik Rouf May 25, 2022 to Jun 13, 202211
Former names
- Myson, Inc.Aug 23, 2021 to Jul 7, 20232
Timeline
- Oct 3, 20238-K Bylaws or fiscal year changed12
- Jun 29, 20238-K Change of auditor13
- Apr 7, 2023New chief executive Rushi Shah becomes CEO10
- Mar 31, 20238-K Entered a material agreement; Completed an acquisition or sale; Unregistered sale of shares14
- Jun 10, 20228-K Entered a material agreement; Change in control15
- May 25, 2022New chief executive Henrik Rouf becomes CEO11
- Feb 24, 20228-K Other events16
- Jan 14, 20228-K Other events17
Filings
80 filings to the SEC since October 2021: 6 annual reports, 17 quarterly reports, 6 major events, 4 insider forms, 3 large holders, 1 private raises, 43 other. The latest 20:
- Aug 14, 202610-Q EDGAR
- Jul 28, 2026DEF 14C EDGAR
- Jul 17, 2026PRE 14C EDGAR
- May 14, 202610-Q EDGAR
- Apr 14, 202610-K EDGAR
- Mar 20, 2026NT 10-K EDGAR
- Nov 13, 202510-Q EDGAR
- Aug 14, 202510-Q EDGAR
- May 27, 2025DEF 14C EDGAR
- May 15, 2025PRE 14C EDGAR
- May 13, 202510-Q EDGAR
- Mar 31, 202510-K EDGAR
- Feb 19, 2025424B4 EDGAR
- Feb 14, 2025EFFECT EDGAR
- Feb 14, 2025CORRESP EDGAR
- Feb 14, 2025UPLOAD EDGAR
- Feb 7, 2025S-1 EDGAR
- Nov 14, 202410-Q EDGAR
- Sep 11, 2024D EDGAR
- Aug 19, 202410-Q EDGAR
The 80 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.
Insider trades
2 open-market trades by officers, directors and large owners since October 2021: 0 buys and 2 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Feb 9, 2023 | Rouf Henrik | Sale | 100,000 | $0.50 | $50.0K | Form 4 |
| Nov 17, 2022 | Rouf Henrik | Sale | 5,000,000 | $0.05 | $250.0K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Henrik RoufSC 13D/A, 3 filings May 24, 2022 to May 16, 202318
Money raised
Private offerings the company reported to the SEC on Form D.
- Jun 29, 2023Raised $170,000 in a private offering of equity Form D: 4 investors so far Form D
SEC filer profile
How Mag Mile Capital, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARMag Mile Capital, Inc.1
- CIK0001879293
- Employer ID (EIN)87-16144339
- Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; a shell company9
- Incorporated inOklahoma9
- Fiscal year endsDecember 311
- Industry code (SIC)3567 Industrial Process Furnaces & Ovens1
- SEC reviewing officeOffice of Technology, Division of Corporation Finance1
- Business address1141 W. Randolph Street, Suite 200, Chicago, IL 606071
- Mailing address3625 Cove Point Drive, Salt Lake City, UT 841091
- Phone801 209 07401
- Shares outstanding100,055,935 as of Aug 14, 20268
- Public float$595.7K as of Jun 30, 20259
- AuditorFruci & Associates II, PLLC, Spokane, Washington PCAOB ID 5525; no auditor attestation of internal control over financial reporting9
- On EDGAR sinceAug 23, 20211
- Filings84 in all: 10-Q (15), UPLOAD (12), CORRESP (7), 8-K (6), S-1/A (6), 10-K (4), DEF 14C (3), NT 10-Q (3)1
All 25 form types
PRE 14C (3), SC 14F1 (3), 10-K/A (2), 3 (2), 4 (2), EFFECT (2), NT 10-K (2), S-1 (2), SC 13D/A (2), 10-12G (1), 10-12G/A (1), 10-Q/A (1), 10-QT (1), 424B4 (1), D (1), SC 13D (1), SC 14F1/A (1)
- Latest filingsAnnual report (10-K) Apr 14, 2026
Quarterly report (10-Q) Aug 14, 2026
Latest 8-K (8-K) Oct 3, 2023
Risk factors and legal proceedings
Legal proceedings
There are no material claims, actions, suits, proceedings, or investigations that are currently pending or, to the Company’s knowledge, threatened by or against the Company or respecting its operations or assets, or by or against any of the Company’s officers, directors, or affiliates.
The opening of Item 3, Legal Proceedings.9
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
- 10SEC EDGARRushi Shah, Chief executive officer
- 11SEC EDGARHenrik Rouf, Chief executive officer
- 12SEC EDGARBylaws or fiscal year changed
- 13SEC EDGARChange of auditor
- 14
- 15
- 16SEC EDGAROther events
- 17SEC EDGAROther events
- 18