Overview
Compare with SURGE COMPONENTS INC, UNIVERSAL SAFETY PRODUCTS, INC. or InfoSonics Corporation, or pick any stock.
- TickerFSTJ on OTC1
- IndustryWholesale-Electronic Parts & Equipment, NEC1
- HeadquartersMorris, Illinois1
- Incorporated inNV2
- Business address1000 E. Armstrong St., Morris, Il 604502
- Filer categoryNon-accelerated filer, Smaller reporting company2
See how the biggest companies compare on our leaderboards
First America Resources Corporation (the “Company,” “we,” “us,” or “our”) was incorporated in the State of Nevada in 2010 under the name Golden Oasis New Energy Group, Inc. In 2014, the Company changed its name to First America Resources Corporation.3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue45¢$8.4M
- Selling, general and admin13¢$2.5M
- Other costs41¢$7.7M
- Interest1¢$164.8K
- Profit0¢$2.8K
Out of $18.8M in revenue.4
Where each dollar of operating cash went, fiscal 2025
- Capital spending3¢$2.7K
- Kept or used elsewhere97¢$76.8K
Out of $79.5K of cash from operations.4
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Revenues | $18.8M | $16.2M |
| Cost of revenues | $8.4M | $7.1M |
| Gross profit | $10.3M | $9.1M |
| General and administrative | $2.5M | $2.1M |
| Payroll expenses | $5.5M | $4.8M |
| Professional fees | $535.6K | $206.7K |
| Advertising and marketing | $153.3K | $103.4K |
| Rent and lease | $1.8M | $1.5M |
| Depreciation and amortization | $85.2K | $104.4K |
| Total operating expenses | $10.5M | $8.8M |
| Income (loss) from operations | -$186.8K | $296.3K |
| Interest expense | -$164.8K | -$97.7K |
| Other income | $354.3K | $12.5K |
| Total other income (expense) | $189.6K | -$85.2K |
| Net income | $2.8K | $211.1K |
| Income per share - basic and diluted | $0.00 | $0.00 |
| Weighted average shares outstanding - basic and diluted | 88.0M shares | 88.0M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash | $276.9K | $470.3K | $156.4K | |
| Accounts receivable, net | $2.1M | $1.5M | ||
| Accounts receivable, related party, First America Metal Corp. | $318.3K | $466.4K | ||
| Prepaid expenses | $37.4K | $230.5K | ||
| Total current assets | $2.8M | $2.7M | ||
| Property and equipment, net | $372.5K | $261.7K | ||
| Right of use assets | $2.3M | $2.7M | ||
| Goodwill | $750.0K | $750.0K | ||
| Deposits | $513.6K | $451.9K | ||
| Total long term assets | $3.9M | $4.2M | ||
| Total assets | $6.7M | $6.9M | ||
| Accounts payable | $1.1M | $1.0M | ||
| Accounts payable, related party, First America Metal Corp. | $1.2M | $2.3M | ||
| Accrued expenses | $1.4M | $252.9K | ||
| Accrued interest | $21.1K | $54.3K | ||
| Lease liability, current portion | $851.2K | $1.2M | ||
| Financed insurance policy | $0 | $195.3K | ||
| Loans from officer | $228.9K | $228.9K | ||
| Notes payable, current portion | $1.1M | $1.1M | ||
| Total current liabilities | $5.8M | $6.3M | ||
| Lease liability, net of current portion | $1.5M | $1.6M | ||
| Notes payable, net of current portion | $959.0K | $528.6K | ||
| Total liabilities | $8.3M | $8.5M | ||
| Common stock $0.001 par value; 500,000,000 authorized; 87,964,090 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively | $88.0K | $88.0K | ||
| Additional paid-in capital | $1.5M | $1.5M | ||
| Accumulated deficit | -$3.2M | -$3.2M | ||
| Total stockholders' deficit | -$1.6M | -$1.6M | -$2.1M | -$1.9M |
| Total liabilities and stockholders' deficit | $6.7M | $6.9M | ||
| Common stock, shares par value | $0.00 | $0.00 | ||
| Common stock, shares authorized | 500.0M shares | 500.0M shares | ||
| Common stock, shares issued | 88.0M shares | 88.0M shares | ||
| Common stock, shares outstanding | 88.0M shares | 88.0M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash | $276.9K | $470.3K | $156.4K | |
| Accounts receivable, net | $2.1M | $1.5M | ||
| Accounts receivable, related party, First America Metal Corp. | $318.3K | $466.4K | ||
| Prepaid expenses | $37.4K | $230.5K | ||
| Total current assets | $2.8M | $2.7M | ||
| Property and equipment, net | $372.5K | $261.7K | ||
| Right of use assets | $2.3M | $2.7M | ||
| Goodwill | $750.0K | $750.0K | ||
| Deposits | $513.6K | $451.9K | ||
| Total long term assets | $3.9M | $4.2M | ||
| Total assets | $6.7M | $6.9M | ||
| Accounts payable | $1.1M | $1.0M | ||
| Accounts payable, related party, First America Metal Corp. | $1.2M | $2.3M | ||
| Accrued expenses | $1.4M | $252.9K | ||
| Accrued interest | $21.1K | $54.3K | ||
| Lease liability, current portion | $851.2K | $1.2M | ||
| Financed insurance policy | $0 | $195.3K | ||
| Loans from officer | $228.9K | $228.9K | ||
| Notes payable, current portion | $1.1M | $1.1M | ||
| Total current liabilities | $5.8M | $6.3M | ||
| Lease liability, net of current portion | $1.5M | $1.6M | ||
| Notes payable, net of current portion | $959.0K | $528.6K | ||
| Total liabilities | $8.3M | $8.5M | ||
| Common stock $0.001 par value; 500,000,000 authorized; 87,964,090 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively | $88.0K | $88.0K | ||
| Additional paid-in capital | $1.5M | $1.5M | ||
| Accumulated deficit | -$3.2M | -$3.2M | ||
| Total stockholders' deficit | -$1.6M | -$1.6M | -$2.1M | -$1.9M |
| Total liabilities and stockholders' deficit | $6.7M | $6.9M | ||
| Common stock, shares par value | $0.00 | $0.00 | ||
| Common stock, shares authorized | 500.0M shares | 500.0M shares | ||
| Common stock, shares issued | 88.0M shares | 88.0M shares | ||
| Common stock, shares outstanding | 88.0M shares | 88.0M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net income | $2.8K | $211.1K |
| Depreciation and amortization | $85.2K | $104.4K |
| Bad debt expense | $234.8K | $110.0K |
| Financed repair costs | $37.1K | $0 |
| Accounts receivable | -$707.2K | -$240.6K |
| Deposits | -$61.7K | -$9.5K |
| Prepaid expenses | -$193.0K | -$18.2K |
| Accounts payable | -$584.4K | $193.9K |
| Accrued expenses | $1.1M | $96.5K |
| Accrued interest | -$33.3K | $8.6K |
| Right of use assets and lease liabilities | $2.5K | $5.5K |
| Financed insurance policy | -$196.4K | -$2.9K |
| Net cash provided by (used in) operating activities | $79.5K | $458.9K |
| Purchase of property and equipment | -$2.7K | -$106.3K |
| Net cash used in investing activities | -$2.7K | -$106.3K |
| Proceeds from notes payable | $200.0K | $0 |
| Repayments of notes payable | -$470.2K | -$38.7K |
| Net cash used in financing activities | -$270.2K | -$38.7K |
| Net increase (decrease) in cash | -$193.4K | $313.9K |
| Cash paid for income taxes | $0 | $0 |
| Cash paid for interest | $198.0K | $143.8K |
| Accounts payable settled through the issuance of notes payable | $500.0K | $0 |
| Financed property and equipment | $193.3K | $61.9K |
| Recognition of right of use asset and lease liability | $754.9K | $1.5M |
| Shares issued for settlement of notes payable | $0 | $319.9K |
No quarter-by-quarter statement was filed.
What it owns
What First America Resources Corp reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $1.0M4 Dec 31, 2025 | $1.5M4 Dec 31, 2024 | −30.6% |
| Property and equipment, net | $372.5K4 Dec 31, 2025 | $261.7K4 Dec 31, 2024 | +42.4% |
| Operating-lease assets (leased space) | $2.3M4 Dec 31, 2025 | $2.7M4 Dec 31, 2024 | −17.5% |
Intangibles and goodwill
Properties, in its own words
Our corporate office address is at 1000 East Armstrong Street, Morris, IL 60450. Space is being provided at no charge by FAMCe (formerly known as First America Metal Corporation). The property is adequate for our current needs. We do not intend to renovate, improve, or develop properties. We are not subject to competitive conditions for property and currently have no property to insure. We have no policy with respect to investments in real estate or interests in real estate and no policy with respect to investments in real estate mortgages. Further, we have no policy with respect to investments in securities of or interests in persons primarily engaged in real estate activities.
As described above, our operating subsidiary operates a number of leased facilities used for electronics processing, refurbishment, logistics, and administrative functions. The Company’s principal processing facility and headquarters are located in Gilroy, California. Additional operational locations support logistics, asset management, and processing activities in several states including Utah, Colorado, Massachusetts, and North Carolina.
Item 2 of the 10-K filed Apr 1, 2026.3
Former names
- GOLDEN OASIS NEW ENERGY GROUP, INC.Jul 12, 2011 to Jul 10, 20132
Timeline
- Oct 2, 20268-K Bylaws or fiscal year changed13
- Sep 25, 20268-K Executive or director change14
- Jul 18, 20258-K Entered a material agreement; Completed an acquisition or sale; Unregistered sale of shares15
- Apr 21, 20258-K Entered a material agreement; Completed an acquisition or sale; Unregistered sale of shares16
Filings
44 filings to the SEC since October 2021: 5 annual reports, 20 quarterly reports, 6 major events, 13 other. The latest 20:
- Oct 2, 20268-K EDGAR
- Sep 25, 20268-K EDGAR
- Aug 13, 202610-Q EDGAR
- May 15, 202610-Q EDGAR
- Apr 1, 202610-K EDGAR
- Apr 1, 2026NT 10-K EDGAR
- Jan 23, 20268-A12G EDGAR
- Nov 17, 202510-Q EDGAR
- Nov 17, 2025NT 10-Q EDGAR
- Sep 29, 202510-Q EDGAR
- Jul 18, 20258-K/A EDGAR
- May 15, 202510-Q EDGAR
- Apr 21, 20258-K EDGAR
- Feb 19, 202510-Q EDGAR
- Feb 11, 2025NT 10-Q EDGAR
- Nov 21, 202410-Q EDGAR
- Nov 14, 2024NT 10-Q EDGAR
- Sep 30, 202410-K EDGAR
- Jun 6, 202410-Q/A EDGAR
- May 16, 202410-Q EDGAR
The 44 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
SEC filer profile
How First America Resources Corp is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARFirst America Resources Corp1
- CIK0001525306
- Employer ID (EIN)27-25630523
- Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company3
- Incorporated inNevada3
- Fiscal year endsDecember 311
- Industry code (SIC)5065 Wholesale-Electronic Parts & Equipment, NEC1
- SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
- Business address1000 E. Armstrong St., Morris, IL 604501
- Phone815-941-98881
- Shares outstanding87,964,090 as of Aug 13, 202611
- Public float$0 as of Jun 30, 20254
- AuditorVictor Mokuolu, CPA PLLC, Houston, Texas PCAOB ID 67713
- On EDGAR sinceJul 12, 20111
- Filings105 in all: 10-Q (45), 10-K (14), NT 10-Q (11), 8-K (10), NT 10-K (5), S-1/A (5), 10-Q/A (4), UPLOAD (3)1
All 15 form types
CORRESP (2), 10-K/A (1), 8-A12G (1), 8-K/A (1), EFFECT (1), NTN 10K (1), S-1 (1)
- Latest filingsAnnual report (10-K) Apr 1, 2026
Quarterly report (10-Q) Aug 13, 2026
Latest 8-K (8-K) Oct 2, 2026
Risk factors and legal proceedings
Legal proceedings
We are not a party to any material legal proceedings nor are we aware of any circumstance that may reasonably lead any third party to initiate material legal proceedings against us.
The opening of Item 3, Legal Proceedings.3
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13SEC EDGARBylaws or fiscal year changed
- 14SEC EDGARExecutive or director change
- 15
- 16