Aurora First — organization overview

Organization

Aurora First, Inc. is a Delaware corporation originally incorporated on 7 June 2023. The original certificate authorized 10,000,000 common shares; a filed restated certificate states 17,400,000 authorized common shares and 3,318,400 authorized preferred shares, but the restated filing/effective date is not established and should be confirmed. The available annual franchise-tax report identifies Nataliia Shagarina as CEO. Operating records indicate sales of Aurora mobile-app subscriptions through Stripe, Apple App Store, Google Play, and Paddle.

Evidence:

Financial operations

The current record set includes bank activity for Mercury, Chase, and Anna Money. An April 2026 internal plan describes Mercury and Chase as US banking relationships, Anna Money as the UK account, and a transition from manual spreadsheet bookkeeping to automated bank synchronization and categorization. The full migration and monthly-close workflow are not independently established by the available evidence.

The 2025 Apple App Store workbook reports $16,753.655575 in sales and $11,309.78 in Mercury payouts for the 2025 sales months; payout dates extend through January 2026. These operational figures are not treated as additional P&L amounts where independence from the underlying cash records cannot be established. A historical Mercury transaction workbook covers August–December 2023 and is outside the current 2025 management-reporting period.

The 2025 statement-coverage schedule identifies only 7 available month/account statements out of 36 possible combinations. Twenty-nine combinations are missing from current records, although account opening, closure, inactivity, and statement-issuance dates must be confirmed before treating each as required.

A 2025 classification workpaper supplies provisional counterparty-level categories and controls. Unsupported, conflicting, low-confidence, and NO-BACKING classifications remain open. Management reporting should state its accounting basis and keep processor clearing, transfers, financing, and owner movements outside P&L unless supported.

A January 2025 management schedule identifies 31 sent USD software, SaaS, cloud, and subscription charges across 23 vendors totaling $6,006.65, with a separate $29.99 PayPal charge excluded as ambiguous. The schedule is derived from existing Mercury transactions and classification controls, so it is supporting analysis rather than additional expense activity.

See Operations and financial workflow.

Tax and compliance

A filed 2024 federal corporate return and a 2025 Form 7004 extension acknowledgement are on record. The 2024 return reports a taxable loss; it is historical filed-tax information, not current-period performance. The 2025 extension acknowledgement evidences an extension filing rather than completion of the return.

A signed agreement effective 28 July 2025 documents a service and cost-reimbursement arrangement between Aurora First, Inc. and Aurora First Ltd, including a provisional 5% markup on routine service costs. The current records do not establish implementation, supporting invoices, year-end reconciliation, or adviser approval of the pricing.

See Tax and compliance.

Open items

  • Obtain missing 2025 statements or confirm account opening, closing, inactive periods, and whether statements were issued.
  • Confirm completion of the 2025 US federal return and any related international-information filings.
  • Confirm the current UK filing calendar and status for Aurora First Ltd.
  • Confirm the filing and effective date of the restated certificate before relying on the revised authorized-share amounts.
  • Obtain a complete March 2026 Anna Money statement and support for payments to Nataliia Shagarina shown in the partial account image.
  • Obtain intercompany invoices, cost schedules, payment applications, transfer-pricing support, and year-end balance reconciliations.
  • Confirm the accounting basis, revenue-recognition policy, and handling of processor clearing and transfers.
  • Obtain transaction-level support for material classifications marked NO-BACKING, low confidence, or conflicting evidence.
  • Distinguish recurring subscriptions from variable software, cloud, and API usage if that split is needed for budgeting or vendor management.

Coverage and limitations

The organization map is based on the current catalog-ready evidence and the filed originals cited above. Numerous IRS forms and publications are reference materials, not evidence of Aurora First activity. Current inputs do not establish a complete reconciled general ledger, current balance sheet, or comprehensive UK financial statements.