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ECO SCIENCE SOLUTIONS, INC.

CIK: 14908732 Annual ReportsLatest: 2025-05-15

10-K / May 15, 2025

Revenue:N/A
Income:-$1,101,688

10-K / October 16, 2024

Revenue:N/A
Income:-$1,242,268

10-K / May 15, 2025

Eco Science Solutions, Inc. - Company Overview

Corporate Overview

Eco Science Solutions, Inc. is a technology solutions provider that focuses on servicing businesses with complex financial accounting, inventory management, and sales tracking needs across both regulated and non-regulated industries. The company operates primarily with its cloud-based ERP platform called Herbo and its financial services platform named Herbo Pay. The target industries include:

  • Regulated Industries: Cannabis, gaming, firearms, and ammunition.
  • Non-Regulated Industries: Oil and gas, and other complex sectors.

Business Offerings

Herbo Platform

  • Herbo is a comprehensive cloud-based Enterprise Resource Planning (ERP) platform that delivers various ERP modules via a Software as a Service (SaaS) model.
  • Herbo Pay enables businesses to operate in a cashless transaction environment, utilizing secure online banking standards and a proprietary Know-Your-Customer (KYC) process.

Features of the Herbo Platform

  • Tax and financial accounting
  • Inventory management and tracking
  • Bookkeeping and banking
  • Compliance and reporting
  • Payroll and employee time tracking
  • Point of sale
  • E-commerce
  • Merchant processing integration
  • Customer relationship management (CRM) and customer loyalty features

Financial and Operational Information

Customers

  • As of the last report, Eco Science Solutions, Inc. does not have any reported revenue and is actively seeking users of its software, indicating that the customer base is currently minimal or non-existent.

Employees

  • The company has three employees, which includes executive officers and directors. Additionally, it has several consultants aiding in the development and marketing of its software.

Financial Performance

  • Eco Science Solutions, Inc. has generated no revenue during the fiscal years ended January 31, 2024, and January 31, 2025. Consequently, the total revenue remains at $0.
  • Total Operating Expenses: The operating expenses incurred were $1,025,139 for the fiscal year ending January 31, 2025, down from $1,170,023 in the previous fiscal year.
  • Net Loss: The net loss for the fiscal year ending January 31, 2025, was $1,101,688, compared to a net loss of $1,242,268 in fiscal 2024.
  • The company has a working capital deficit of $16,662,272 and an accumulated deficit of $78,726,272 as of January 31, 2025.

Summary

Eco Science Solutions, Inc. is in a challenging position, with no revenue, a significant accumulated deficit, and a very small team. The company continues to enhance its technology solutions but relies on external funding from its executives to sustain operations. The combination of a specialized focus on technology solutions in both regulated and complex industries signifies its strategic positioning within niche markets.