Auctus Growth posts a pre-tax loss of £13,913 for the six months to the end of June - down from £100,253 last time.
The company had liquid cash balances of £1,034,582 at the end of June.
Chairman Malcolm Burne said: "During this financial period the board has continued to actively evaluate a number a potential transactions across a variety of different sectors.
"At this time no formal agreement has been entered into by the company however the Board remains focused on delivering a transaction that brings both value and growth potential to the Shareholders of Auctus Growth in the near term.
"Costs continue to be prudently monitored and are in line with the previously announced budget of £35,000 per annum. The directors continue to draw no fees from the company."
At 2:09pm: (LON:AUCT) Auctus Growth Plc share price was 0p at 45p