E-Smart Corp. (OTCQB: ESMR): Corporate Profile & Financials
Source: E-Smart Corp. Form 10-K Fiscal Year ended August 31, 2026
⚡ Quick Facts: Company Snapshot
| Data Point | Corporate Disclosure |
|---|---|
| Official Name | E-Smart Corp. |
| Ticker Symbol | OTCQB: ESMR |
| Industry / Sector | Technology / Digital Platforms & Body Art Software |
| Founded | June 6, 2023 |
| Commission File Number | 333-275161 |
| Central Index Key (CIK) | 0001995920 |
| State of Incorporation | Nevada |
| Date of Incorporation | June 6, 2023 |
| IRS Employer Identification Number | 35-2810816 |
| Principal Executive Offices | Pau Claris 79, Barcelona 8010, Spain |
| Statutory Registered Agent Office | 7311 Oxford Ave, Philadelphia, PA 19111 |
| Telephone Number | +1620-3079197 |
| Email Address | office@e-smart.io |
| Official External Website | https://e-smart.io |
| Common Stock Par Value | $0.001 per share |
| Shares Outstanding (as of November 10, 2026) | 3,799,469 |
| Total Employees | 0 (Excluding sole executive officer) |
| Chief Executive Officer | Diana Vasylenko |
| Chief Financial Officer | Diana Vasylenko (Treasurer & Principal Financial Officer) |
| Independent Board Directors | Lukas Diaz, Manuel Martinez Garcia |
| Independent Registered Public Accounting Firm | Victor Mokuolu, CPA PLLC (PCAOB Firm ID: 6771) |
| Fiscal Year End | August 31 |
| Entity Filer Status | Non-accelerated filer, Smaller reporting company, Emerging growth company |
🏢 The Corporate Identity: Who They Are & Where They Came From
The Big Picture
E-Smart Corp. is a digital technology enterprise operating within the body art and creative marketplace sector. Incorporated under the corporate statutes of the State of Nevada, the enterprise maintains its central operational management in Barcelona, Spain. The organization develops and hosts specialized digital infrastructure designed to facilitate client-artist discovery, creative ideation, and operational workflow within the global tattoo industry.
The operational core of E-Smart Corp. combines a curated artist directory with proprietary artificial intelligence design tools. By deploying machine-learning algorithms tailored specifically to body art aesthetics, the platform serves as an interactive bridge between consumers seeking tattoo concepts and professional tattoo practitioners looking to showcase verified portfolios.
The Founders & Their Legacy
The enterprise was founded by Diana Vasylenko, who serves as the company’s President, Chief Executive Officer, Treasurer, Secretary, and Director. Ms. Vasylenko holds a degree in International Business from the Prague University of Economics and Business, completed in 2020. Her foundational credentials combine technological training through the IT Professional Certification Program in 2018 with formal executive education in strategic brand development and market positioning completed in 2021.
Ms. Vasylenko has guided the operational architecture since corporate inception on June 6, 2023. She remains the enterprise’s sole executive operational driver, committing approximately 40 hours per week to corporate governance, software implementation, financial reporting, and platform commercialization without receiving executive cash compensation.
The Journey: History & Evolution
E-Smart Corp. entered the technology market to address fragmentation in the body art design and artist discovery workflow. Following incorporation on June 6, 2023, the enterprise moved rapidly to construct proprietary web and software assets. On June 23, 2023, the company executed a Full-Stack Development Agreement with a specialized third-party software engineering provider, investing $173,800 to build its core technology platform and application programming interfaces.
The software components were integrated and launched in modular phases between September 2023 and September 2024. During fiscal year 2025, the company broadened its capital structure through a direct equity financing round, issuing 1,299,469 common shares to investors for gross cash proceeds of $29,238 at $0.0225 per share. In fiscal year 2026, the company streamlined its corporate balance sheet and governance: on January 28, 2026, CEO Diana Vasylenko returned 2,000,000 restricted common shares to the treasury for zero consideration, which were immediately cancelled, and on January 30, 2026, the board of directors appointed two independent directors.
The Corporate Umbrella
The overarching corporate hierarchy of E-Smart Corp. consists of a standalone Nevada corporate entity that directly owns, hosts, and commercializes its intellectual and digital properties. Operating without intermediate holding vehicles or regional shell entities, all domestic and cross-border commercial transactions, software licenses, vendor contracts, and API subscription agreements flow directly into the corporate entity in Nevada.
⚙️ The Business Engine: What They Do & Where They Operate
The Core Divisions
E-Smart Corp. manages its business under a single operating and reportable segment structure focused on delivering digital tattoo design tools and artist connection mechanisms. The Chief Operating Decision Maker (CODM), identified as Chief Executive Officer Diana Vasylenko, manages operating decisions, performance metrics, and enterprise capital allocations on a unified, consolidated basis.
| Revenue Stream (in $) | 2026 | 2025 | Latest YoY (%) |
|---|---|---|---|
| API Subscription Revenue | 36,870 | 17,192 | +114.46% |
| Software License Revenue | 6,000 | 12,055 | -50.23% |
| Discounts Given | 0 | (42) | -100.00% |
| Total Revenues, Net | 42,870 | 29,247 | +46.58% |
The commercial revenue model shifted heavily toward recurring software subscriptions during fiscal year 2026, reflecting the company’s deliberate monetization pivot toward business-to-business API integrations.
- API Subscriptions: Cloud-based programmatic access provided to external businesses, mobile applications, and development agencies seeking integrated tattoo design tools.
- Direct Software Licensing: Fixed-fee licensing of API source instances and software packages delivered directly to enterprise customers for private internal workflows.
The Global Product Catalog
E-Smart Corp.’s commercial and consumer offering consists of three primary platform assets hosted across its cloud environment:
1. AI Tattoo Idea Generator API: A digital ideation engine that processes natural-language conceptual prompts and generates custom body art sketches. Designed for early-stage creative exploration, the system allows prospective tattoo clients to visualize aesthetic concepts prior to commissioning an artist. Individual users access a restricted free version via the web portal, while enterprise clients access scalable throughput via paid API tiers.
2. Commercial API Access Plans: Enterprise developers and tattoo studios subscribe to structured monthly API quotas payable in advance:
- Starter Pack: Provides monthly integration capacity supporting up to 1,000 programmatic API requests.
- Power Pack: Designed for high-traffic platforms, supplying a monthly capacity of up to 2,500 API requests.
3. Tattoo Cost Calculator: A consumer budgeting application that computes non-binding tattoo price estimations based on three dynamic parameters: design dimensions, color complexity, and artist experience tier. The tool drives platform user acquisition and feeds qualified client inquiries into the platform’s artist directory.
The Names You Know
The company markets its consumer and enterprise digital ecosystem under the umbrella brand name E-Smart. Commercial digital tools, web discovery interfaces, and technical API documentation are consolidated under the primary web domain e-smart.io.
Mapping the Global Reach
E-Smart Corp. distributes its software and digital services over borderless cloud infrastructure, serving clients internationally via the internet. Because client subscription plans are secured, transacted, and authenticated through digital web endpoints, commercial relationships span across multiple international markets without the need for regional fulfillment logistics.
The Brick & Mortar Footprint
E-Smart Corp. operates an asset-light, purely virtual operating profile with no physical industrial facilities, warehouses, or real property holdings:
- Primary Executive Offices: Pau Claris 79, Barcelona 8010, Spain, where executive administration, design roadmap planning, and vendor supervision take place.
- Statutory Registered Office: 7311 Oxford Ave, Philadelphia, Pennsylvania 19111, maintained exclusively to satisfy corporate legal agent compliance mandates.
📊 The Financial Health: The Global Numbers Simplified
Earnings, Expenses, & Take-Home Profits
The company’s audited statements of operations detail top-line expansion alongside rising structural public reporting overhead and operational software maintenance costs.
| Statement of Operations (in $) | 2026 | 2025 (Reclassified) | Latest YoY (%) |
|---|---|---|---|
| REVENUES | 42,870 | 29,289 | +46.37% |
| Discounts given | 0 | (42) | -100.00% |
| REVENUES, NET | 42,870 | 29,247 | +46.58% |
| Server lease | 20,400 | 17,384 | +17.35% |
| Amortization | 34,760 | 34,760 | 0.00% |
| Total cost of revenue | 55,160 | 52,144 | +5.78% |
| GROSS LOSS | (12,290) | (22,897) | -46.32% |
| General and Administrative Expenses | 107,006 | 35,244 | +203.61% |
| TOTAL OPERATING EXPENSES | 107,006 | 35,244 | +203.61% |
| LOSS FROM OPERATIONS | (119,296) | (58,141) | +105.18% |
| Interest Income | 0 | 5 | -100.00% |
| Interest Expense | (8,680) | (9,898) | -12.31% |
| TOTAL OTHER INCOME (LOSS) | (8,680) | (9,893) | -12.26% |
| PROVISION FOR INCOME TAXES | 0 | 0 | N/M |
| NET LOSS | (127,976) | (68,034) | +88.11% |
| NET LOSS PER SHARE: BASIC AND DILUTED | (0.03) | (0.01) | +200.00% |
| WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED | 4,621,386 | 5,510,942 | -16.14% |
Operating dynamics during fiscal year 2026 were defined by key commercial and administrative milestones:
- Revenue Growth: Top-line revenues expanded by $13,581 to reach $42,870, driven by recurring customer retention, new subscriber acquisitions, and upward adjustments to subscription price plans.
- Gross Margin Progress: Cost of revenue rose modestly from $52,144 to $55,160, enabling gross losses to narrow from $(22,897) to $(12,290) as top-line gains outpaced server hosting cost increases.
- Surge in G&A Overhead: General and administrative expenses jumped by $71,762 to $107,006, driven by OTCQB annual exchange fees ($9,625), higher public SEC reporting compliance costs, $19,316 in expanded marketing initiatives, and $19,300 in ongoing website maintenance outlays.
- Noncash Imputed Financing Charges: Other expenses included $8,680 in noncash imputed interest on related-party loans, calculated using IRS Applicable Federal Rates ranging from 3.56% to 4.10%.
Assets, Debts, & Corporate Wealth
The company’s balance sheet reflects an early-stage capitalized digital asset base supported through executive insider credit financing rather than bank debt.
| Balance Sheet Line Item (in $) | August 31, 2026 | August 31, 2025 | Latest YoY (%) |
|---|---|---|---|
| Cash and cash equivalents | 601 | 6,825 | -91.19% |
| Prepaid Expenses | 9,891 | 20,274 | -51.21% |
| Total Current Assets | 10,492 | 27,099 | -61.28% |
| Intangible Assets | 173,800 | 173,800 | 0.00% |
| Accumulated Amortization | (94,378) | (59,618) | +58.30% |
| Total Intangible Assets | 79,422 | 114,182 | -30.44% |
| Total Assets | 89,914 | 141,281 | -36.36% |
| Related Party Loans | 254,755 | 200,790 | +26.88% |
| Accounts Payable | 298 | 198 | +50.51% |
| Deferred Revenue | 13,865 | 0 | N/M |
| Total Current Liabilities | 268,918 | 200,988 | +33.80% |
| Long-Term Debt | 0 | 0 | N/M |
| Total Liabilities | 268,918 | 200,988 | +33.80% |
| Common stock, par value $0.001 (75,000,000 shares authorized; 3,799,469 and 5,799,469 shares issued and outstanding) | 3,799 | 5,799 | -34.49% |
| Additional Paid-in Capital | 55,422 | 44,742 | +23.87% |
| Accumulated Deficit | (238,225) | (110,249) | +116.08% |
| Total Stockholders’ Deficit | (179,004) | (59,708) | +199.80% |
| Total Liabilities and Stockholders’ Deficit | 89,914 | 141,281 | -36.36% |
The balance sheet demonstrates notable structural transformations across liquidity and capital resources:
- Depleting Cash Buffers: Liquid reserves closed at $601, down from $6,825 in 2025, while prepaid assets totaled $9,891, consisting of $6,875 in prepaid OTCQB market listing fees and $3,016 in prepaid hosting leases.
- Working Capital Deficit: Current liabilities totaled $268,918 against current assets of $10,492, leaving a working capital deficit of $258,426.
- Insider Debt Burden: A related-party credit facility supplied by CEO Diana Vasylenko represented the dominant liability at $254,755. Because advances are callable on demand, the entire loan balance is classified as a short-term current liability.
- Emergence of Deferred Revenue: The company recorded $13,865 in deferred revenue at year-end, representing advances from three enterprise clients who prepaid multi-month API service contracts recognized in the first quarter of fiscal 2027.
Cash Flow: Tracking the Money Movement
The statements of cash flows illustrate the operational cash burn of the business and its reliance on owner-director debt injections to finance day-to-day requirements.
| Statement of Cash Flows (in $) | 2026 | 2025 | Latest YoY (%) |
|---|---|---|---|
| Net loss for the period | (127,976) | (68,034) | +88.11% |
| Amortization | 34,760 | 34,760 | 0.00% |
| Accounts Payable | 100 | 198 | -49.49% |
| Prepaid Expense | 10,383 | (20,274) | N/M |
| Deferred Revenue | 13,865 | 0 | N/M |
| Imputed Interest | 8,680 | 9,898 | -12.31% |
| Cash flows used in Operating Activities | (60,188) | (43,452) | +38.52% |
| Intangible Assets | 0 | 0 | N/M |
| Cash flows used in Investing Activities (Capital Expenditures) | 0 | 0 | N/M |
| Director Loan (proceeds /repayment) | 53,964 | 20,493 | +163.33% |
| Issuance of capital stock | 0 | 29,238 | -100.00% |
| Cash Flows provided by Financing Activities | 53,964 | 49,731 | +8.51% |
| NET CHANGE IN CASH | (6,224) | 6,279 | N/M |
| Cash, beginning of period | 6,825 | 546 | +1150.00% |
| Cash, end of period | 601 | 6,825 | -91.19% |
| Interest paid | 0 | 0 | N/M |
| Income taxes paid | 0 | 0 | N/M |
| Return and cancellation of common stock by officer | (2,000) | 0 | N/M |
Operating cash utilization deepened to $60,188 in fiscal year 2026, driven by higher regulatory compliance expenses and administrative disbursements. Financing cash inflows of $53,964, derived entirely from borrowings under the CEO loan facility, funded the operational deficit. Over the two-year reporting period, the company recorded zero capital expenditures or cash investing activities, resulting in free cash flow matching cash flows used in operating activities at $(60,188) for fiscal 2026 and $(43,452) for fiscal 2025.
Funding the Future: R&D and Expansion Spending
The underlying software and website framework of E-Smart Corp. was constructed via capitalized intangible investments totaling $173,800 under the June 23, 2023 development contract. The capitalized assets are divided between Website Development ($81,000) and the AI-Powered Tattoo Cost Calculator API ($92,800), both amortized on a straight-line basis over 5-year estimated useful lives.
During fiscal year 2026, amortization expense was $34,760, resulting in cumulative amortization of $94,378 and an intangible net book value of $79,422. Expected future amortization charges stand at $34,760 in fiscal year 2027, $34,760 in fiscal year 2028, and $9,902 in fiscal year 2029.
🗺️ The Corporate Family Tree: Structure & Investments
Subsidiaries, Associates, & Shared Ventures
E-Smart Corp. has no direct or indirect operating subsidiaries, regional branch corporations, or joint venture entities. All technology properties, customer contracts, and liabilities are held directly by the parent entity.
Strategic Investments & Minority Stakes
The company holds no equity stakes, minority investments, or debt interests in external corporations or financial partnerships.
👥 Power & Control: Who Pulls the Strings?
The Brain Trust: Board of Directors & Executive Leadership
Corporate executive governance is concentrated in the founding officer, supported by an expanded independent board:
- Diana Vasylenko – Chief Executive Officer, President, and Director: Age 27. Founder of E-Smart Corp. Graduated from Prague University of Economics and Business in 2020 with a degree in International Business. Completed an IT Professional Certification Program in 2018 and brand management credentials in 2021. Serves as Principal Executive Officer and manages corporate strategy, technology deployment, and daily platform commercialization.
- Diana Vasylenko – Chief Financial Officer, Treasurer, and Secretary: Serves as the company’s Principal Financial Officer and Principal Accounting Officer in her role as Treasurer. Oversees enterprise financial reporting, regulatory SEC disclosures, cash management, and related-party credit facility administration.
- Lukas Diaz – Independent Director: Age 36. Appointed to the Board of Directors on January 30, 2026. Holds a degree in Business Administration and Management from the University of Barcelona. Possesses over five years of operational management experience across digital platforms and creative marketplaces, previously serving as a Digital Platform Product Manager focused on platform development and user experience optimization.
- Manuel Martinez Garcia – Independent Director: Age 53. Appointed to the Board of Directors on January 30, 2026. Holds a degree in Technology and Engineering Management from Rovira i Virgili University. Brings more than five years of advisory experience in technology commercialization, corporate digital strategy, and operations planning, previously serving as a Technology Strategy and Operations Advisor.
Who Owns the Stock?
The company’s equity ownership is heavily concentrated in its founding officer. The beneficial ownership distribution as of August 31, 2026, based on 3,799,469 total issued and outstanding common shares, is detailed below:
| Beneficial Owner | Number of Common Shares | Percent of Class |
|---|---|---|
| Diana Vasylenko | 2,500,000 | 65.80% |
| Lukas Diaz | 0 | 0% |
| Manuel Martinez Garcia | 0 | 0% |
| Total Directors and Executive Officers as a Group | 2,500,000 | 65.80% |
Ownership concentration underwent a major adjustment on January 28, 2026, when CEO Diana Vasylenko surrendered 2,000,000 restricted shares back to the company for zero consideration. The shares were cancelled, reducing total common stock outstanding from 5,799,469 to 3,799,469 shares while maintaining her majority voting control at 65.80%.
🎯 The Strategic Outlook: Future Plans & Potential Pitfalls
Competitive Advantages & Economic Moats
E-Smart Corp. focuses on differentiated software solutions within a specialized creative vertical. Management identifies several key operational drivers:
- Specialized AI Ideation Architecture: Purpose-built algorithmic models tuned for tattoo concepts, styles, and stencil translations, offering specialized results compared to general-purpose text-to-image AI platforms.
- Integrated Discovery Tools: Pairing free consumer planning utilities—such as the Tattoo Cost Calculator and public artist profiles—with a programmatic enterprise API creates a pipeline for user acquisition and enterprise monetization.
- Flexible B2B API Architecture: Allowing external software developers, creative marketplaces, and booking networks to embed AI tattoo rendering capabilities directly into third-party digital portals.
What Could Go Wrong? Key Challenges & Business Risks
E-Smart Corp. operates in an early-stage, competitive market with notable structural and financial risks:
- Going Concern Uncertainty: The independent auditor issued a going concern explanatory paragraph, citing recurring operational losses ($127,976 in fiscal 2026), an accumulated deficit of $238,225, negative operating cash flows of $60,188, and a working capital deficit of $258,426.
- Liquidity & Insider Debt Exposure: With cash reserves of $601 at fiscal year-end, the company relies on an insider loan facility with CEO Diana Vasylenko. Although amended to a $320,000 ceiling on January 30, 2026 ($254,755 drawn, leaving $65,245 in available borrowing capacity), the loan is repayable on demand. The lender has no legal obligation to expand credit beyond the current limit.
- Customer Concentration: Revenue is concentrated among a small customer base; three enterprise customers accounted for 31%, 19%, and 14% of total net revenue in fiscal year 2026, totaling 64% of revenues.
- Intense Competitive Pressures: The platform competes with large social networks (Instagram), established tattoo directories, specialized visualization startups, and major foundation AI image generators backed by greater capital, engineering, and distribution scale.
- Absence of Dedicated Personnel: The company operates without full-time or part-time staff, relying entirely on 40 hours per week of uncompensated operational service from its sole executive officer.
- Cybersecurity and Compliance Risks: The organization has not instituted formal cybersecurity policies, relying on informal oversight by its executive officer. Additionally, as a foreign-controlled U.S. corporate entity (greater than 25% foreign ownership), the company must maintain annual IRS Form 5472 compliance to report transactions with foreign related parties.
The Next Chapter: Growth & Expansion Initiatives
Management’s operating roadmap focuses on expanding enterprise customer acquisition, broadening third-party API licensing, and adjusting plan pricing. Marketing initiatives will focus on digital marketing agencies and strategic partnerships with body art studios, while capital-raising plans target private equity placements and secondary capital market offerings to address working capital needs.
The Verdict: Strategic Outlook & Conclusion
E-Smart Corp. operates a targeted digital platform addressing creative ideation in the tattoo market. While net revenue expanded by 46.58% in fiscal year 2026 to reach $42,870, operating losses expanded to $119,296 due to public reporting overhead, website maintenance, and marketing expenditures. The enterprise’s operating outlook will depend on its ability to expand paid API subscriptions, secure external growth capital, and manage its debt obligations.
Official Site: https://e-smart.io
Note: Financial ratios, margins, year-over-year (YoY) growth rates, and percentage shares of revenue are calculated by FirmsWorld based on figures reported in the company’s official SEC filing.