The company operates in complex organizational and business structures with recent activities impacting its financials, but specific financial data is not provided.

# Company Business Summary

The document provides an outline of the company's organizational structure and recent history, along with a detailed description of its business. However, specific details such as the number of customers, employees, revenue, and income are *not* included in the provided text. 

## Business Overview
- **General Information**: The company describes its business operations, structure, and relationships with other corporations.
- **Inter-corporate Relationships**: It details relationships and potential dependencies with other corporate entities.
- **Recent History**: Outlines significant recent events impacting the business.
- **Description of Business**: The core business activities are explained, although specific descriptions are not provided in the excerpt.

## Additional Sections
- **Risk Factors**: Multiple categories outline potential risks, including financial, operational, industry-related, and stock-related risks.
- **Other Disclosures**: Items related to unresolved staff comments, cybersecurity, properties, legal proceedings, and mine safety disclosures are also addressed.

*Note: No specific numerical data on customers, employees, revenue, or income are provided within this summary or the excerpt.*

P2 Solar, Inc. is a Delaware corporation specializing in the installation and maintenance of solar power systems in Canada, with a focus on rooftop and ground mount installations.

# Summary of P2 Solar, Inc.

## Company Overview
P2 Solar, Inc. is a Delaware corporation that focuses on the construction of residential and commercial solar power systems, primarily rooftop and ground mount installations, in Canada. The company has undergone several transformations since its inception as Spectrum Trading Inc. in 1990, including a change to its current name and a pivot towards the solar energy sector in recent years.

## Business Operations
- **Primary Business**: Installation and maintenance of small solar systems for residential and commercial properties through its wholly owned subsidiary, Futricity Solar, Inc.
- **Geographical Focus**: Currently operates solely in British Columbia, Canada, with plans for future expansion into other regions in Canada and potentially certain U.S. states over the next two years.
- **Sales and Revenue**: As of March 31, 2024, the company generated approximately **$166,000 USD** in sales from eight solar system installations totaling **112 kW**. 

## Customer and Employee Details
- **Number of Customers**: Specific customer count information is not disclosed, but the revenue is generated from multiple projects, indicating an early-stage clientele base.
- **Employees**: The company currently does not have any full-time or part-time employees. All operations and installations are carried out through management and subcontractors.

## Financial Performance
- **Revenue**: Approximately **$166,000 USD** in sales for the year ending March 31, 2024.
- **Income**: The company has accumulatively experienced operating losses since its inception, with an accumulated deficit increasing to **$8,105,900** as of March 31, 2024.

## Business Environment
- The company faces competition from other solar installation firms and energy sources, with management asserting that no single competitor dominates the market.
- It relies on third-party suppliers for solar modules and equipment while maintaining a diverse supply chain to mitigate risks associated with reliance on any single manufacturer.

## Strategy and Growth
- The company aims to increase its market presence through educational seminars targeted at industry professionals, and it believes that customer referrals will play a significant role in its growth as it develops a foothold in the solar market.
- Future strategies involve access to new markets, enhancing technological capabilities, and considering acquisitions to bolster its market position.

## Regulatory Context
- P2 Solar benefits from various governmental subsidies and tax incentives that promote clean energy and solar technology in Canada.
- The company must comply with various regulations and obtain necessary permits for installations, involving local building, fire, and electrical codes, which adds to the operational complexity but is deemed manageable by the management at this stage. 

Overall, P2 Solar, Inc. is in the early stages of its solar business, aiming to leverage current market trends and governmental support for renewable energy. However, it operates under significant financial challenges and risks typical for emerging companies in competitive sectors.

P2 Solar, Inc.

10-K / July 15, 2025

10-K / July 16, 2024

10-K / July 15, 2025

Company Business Summary

Business Overview

Additional Sections