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GFLT on OTC

GenFlat Holdings, Inc.

GenFlat Holdings, Inc. is an American management consulting services company based in Tooele.1 Its shares trade on OTC under the symbol GFLT.1

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Last updated Oct 21, 2026.

Overview

$6.1KRevenue, fiscal 20262
-$3.3MNet income, fiscal 20262

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  • TickerGFLT on OTC1
  • IndustryServices-Management Consulting Services1
  • HeadquartersTooele, Utah1
  • Incorporated inDE3
  • Business address1983 N Berra Blvd, Tooele, Ut 840743
  • Filer categoryNon-accelerated filer, Smaller reporting company, Emerging growth company3
  • Legal formCorporation

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Containers are stacked 4-to-1, they can save up to 75% on: 1) freight costs, terminal handling fees, transloading fees, and other fees;4 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 2026

-1155.2%Gross margin2
-54135.9%Operating margin2
-53515.1%Net margin2
-22.5%Revenue growth, 20262
-72.4%Return on equity2
-$4.0MFree cash flow2

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Cost of revenue87¢$76.8K
  • Research and development13¢$11.0K

Out of $6.1K in revenue.2 The company lost money this year.

Financial statements

Revenue567892$6.1K in 2026
0$10.0K$20.0K$30.0K2020: $0$020202021: $4.0K$4.0K20212022: $28.9K$28.9K2022+620%2023: $0$020232024: $5.2K$5.2K20242025: $7.9K$7.9K2025+51%2026: $6.1K$6.1K2026−22%
Gross profit92-$70.7K in 2026−57% since 2024
-$200.0K-$150.0K-$100.0K-$50.0K02024: -$163.3K-$163.3K20242025: -$169.4K-$169.4K2025+4%2026: -$70.7K-$70.7K2026−58%
Operating income567892-$3.3M in 2026+16585% since 2020
-$6.0M-$4.0M-$2.0M02020: -$19.9K-$19.9K20202021: -$1.6M-$1.6M2021+8089%2022: -$1.6M-$1.6M2022+0%2023: -$873.8K-$873.8K2023−46%2024: -$1.2M-$1.2M2024+41%2025: -$4.7M-$4.7M2025+282%2026: -$3.3M-$3.3M2026−30%
Net income567892-$3.3M in 2026+16394% since 2020
-$6.0M-$4.0M-$2.0M0$2.0M2020: -$19.9K-$19.9K20202021: $1.6M$1.6M20212022: -$1.7M-$1.7M20222023: -$875.8K-$875.8K2023−47%2024: -$1.2M-$1.2M2024+39%2025: -$4.7M-$4.7M2025+284%2026: -$3.3M-$3.3M2026−30%

Every line of the income statement as filed: the last 2 fiscal years, latest first.2

Period ending2026-06-302025-06-30
Revenue$6.1K$7.9K
Cost of revenue$76.8K$177.3K
Gross profit-$70.7K-$169.4K
Research and development$11.0K$103.3K
General and administrative$2.7M$3.3M
Impairment loss$501.1K$1.1M
Total operating expenses$3.2M$4.5M
Loss from operations-$3.3M-$4.7M
Interest expense-$24.1K-$4.8K
Loss on settlement of liabilities-$2.5K$0
Other income$24.5K$225
Total other income (expense)-$2.1K-$4.5K
Net loss-$3.3M-$4.7M
Noncontrolling interest-$40.1K-$45.5K
Net loss attributable to GenFlat Holdings, Inc.-$3.3M-$4.7M
Loss per share - basic attributable to GenFlat Holdings, Inc-$0.28-$0.44
Loss per share - diluted attributable to GenFlat Holdings, Inc-$0.28-$0.44
Loss per share - basic attributable to noncontrolling interest.$0.00$0.00
Loss per share - diluted attributable to noncontrolling interest.$0.00$0.00
Weighted average common shares outstanding - basic11.7M shares10.7M shares
Weighted average common shares outstanding - diluted11.7M shares10.7M shares

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Corporate structure

GenFlat Holdings, Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of GenFlat Holdings, Inc.

  • GenFlat Holdings, Inc. Tooele, Utah

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What GenFlat Holdings, Inc. 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

ItemLatestA year beforeChange
Property and equipment, net$02 Jun 30, 2026$4032 Jun 30, 2025−100.0%
Operating-lease assets (leased space)$23.0K2 Jun 30, 2026$23.0K2 Jun 30, 20250%

Intangibles and goodwill

ItemLatestA year beforeChange
Finite-lived intangibles, gross$186.3K2 Jun 30, 2026$186.3K2 Jun 30, 20250%
Accumulated amortization$170.3K2 Jun 30, 2026$137.7K2 Jun 30, 2025+23.6%
Finite-lived intangibles, net$16.0K2 Jun 30, 2026$48.6K2 Jun 30, 2025−67.0%

Inventory

ItemLatestA year beforeChange
Inventory, total$1.4M2 Jun 30, 2026$543.7K2 Jun 30, 2025+152.6%

Properties, in its own words

Our corporate headquarters is in Tooele, Utah. Substantially all our operating activities are conducted from 1,500 square feet of office space provided by our CEO at a cost to us of $1,320 per month. We expect that additional space will be required as our business expands, and we believe that we can obtain suitable space as needed on commercially reasonable terms.

Item 2 of the 10-K filed Sep 25, 2026.4

Leadership

Who has led GenFlat Holdings, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Stephen A. Epstein2020–2021
  2. Drew Dunkley Hall2024

President

  1. Joseph John Maggio2024
  2. Garrett Ryan Hall2026–now

Chief financial officer

  1. Drew Dunkley Hall2024
  2. William Ray Benz2026–now

Chief operating officer

  1. Garrett Ryan Hall2024
2025
Board members and other officers (10)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • PromoterJoel R. Arberman named May 31, 202426

Former names

  • Healthcare Business Resources, Inc.Dec 16, 2019 to May 15, 20243

Timeline

  1. Feb 4, 20268-K Entered a material agreement; Regulation FD disclosure27
  2. Dec 30, 20258-K Executive or director change28
  3. Sep 26, 20258-K Change to shareholders' rights; Executive or director change; Bylaws or fiscal year changed29
  4. Nov 29, 20248-K Executive or director change30
  5. Feb 2, 20248-K Entered a material agreement; Completed an acquisition or sale; New debt or obligation31
  6. Feb 2, 20248-K Change of auditor32
  7. Jan 19, 20248-K Other events33
  8. Jan 2, 2024New chief executive Drew Dunkley Hall becomes CEO12
  9. Dec 27, 20238-K Financial statements and exhibits34
  10. Oct 23, 20238-K Entered a material agreement35
  11. Oct 17, 20238-K Change to shareholders' rights; Bylaws or fiscal year changed36
  12. Jul 22, 20228-K Executive or director change37
  13. Jul 6, 20228-K Entered a material agreement; New debt or obligation; Unregistered sale of shares38
  14. Oct 6, 2020New chief executive Stephen A. Epstein becomes CEO13

Filings

82 filings to the SEC since October 2021: 6 annual reports, 17 quarterly reports, 14 major events, 15 insider forms, 6 large holders, 1 private raises, 23 other. The latest 20:

  1. Sep 25, 202610-K FORM 10-K FOR JUNE 2026 EDGAR
  2. Sep 23, 20263 EDGAR
  3. Sep 11, 20263/A EDGAR
  4. Sep 10, 20263 EDGAR
  5. Sep 10, 20263 EDGAR
  6. Sep 10, 20263 EDGAR
  7. Jul 22, 20264 EDGAR
  8. Jul 22, 20264 EDGAR
  9. Jul 22, 20264 EDGAR
  10. Jul 22, 20263 EDGAR
  11. Jul 22, 20263 EDGAR
  12. May 26, 20264 EDGAR
  13. May 15, 202610-Q FORM 10-Q FOR MAR 2026 EDGAR
  14. May 15, 2026NT 10-Q EXTENSION EDGAR
  15. Feb 13, 202610-Q FORM 10-Q FOR DEC 2025 EDGAR
  16. Feb 4, 20268-K EDGAR
  17. Feb 3, 2026424B4 EDGAR
  18. Jan 30, 2026EFFECT EDGAR
  19. Jan 29, 2026CORRESP EDGAR
  20. Jan 29, 2026CORRESP EDGAR

The 82 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.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$200.0K 2024–2024
Money received by yearMoney received by year, 2024–2024: $200.0K in all. Private raises (Form D) $200.0K.$0$50K$100K$150K$200K2024 · Private raises (Form D): $200.0K2024
Figures by year
YearPrivate raises (Form D)Total
2024$200.0K$200.0K

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

  1. May 18, 2024Raised $199,998 in a private offering of equity26 Form D: $7.2 million offered in all Form D

SEC filer profile

How GenFlat Holdings, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARGenFlat Holdings, Inc.1
  • CIK0001796949
  • Employer ID (EIN)84-36399464
  • Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; a shell company4
  • Incorporated inDelaware4
  • Fiscal year endsJune 301
  • Industry code (SIC)8742 Services-Management Consulting Services1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business address1983 N Berra Blvd, Tooele, UT 840741
  • Phone615-696-76761
  • Shares outstanding13,105,234 shares as of Sep 25, 20264
  • Public float$39.1M as of Dec 31, 20254
  • AuditorM&K CPAS, PLLC, The Woodlands, TX PCAOB ID 2738; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceDec 16, 20191
  • Filings126 in all: 10-Q (19), 8-K (15), 3 (14), NT 10-Q (8), 4 (7), 10-K (6), CORRESP (6), S-1/A (5)1
    All 30 form types

    SC 13G (5), 424B3 (4), UPLOAD (4), D (3), EFFECT (3), NT 10-K (3), SC 13G/A (3), 3/A (2), 8-K/A (2), DEF 14C (2), PRE 14C (2), S-1 (2), SC 13D (2), 10-K/A (1), 10-Q/A (1), 424B4 (1), 8-A12G (1), DRS (1), DRSLTR (1), POS AM (1), S-8 (1), SC 14F1 (1)

  • Latest filingsAnnual report (10-K) Sep 25, 2026
    Quarterly report (10-Q) May 15, 2026
    Latest 8-K (8-K) Feb 4, 2026

Risk factors and legal proceedings

The risks GenFlat Holdings, Inc. names in Item 1A of its 10-K filed Sep 25, 2026: 64 risks under these headings, as written.4

  • RISKS RELATED TO OUR COMPANY AND OUR BUSINESS
  • Our registered public accounting firm has expressed substantial doubt about the Company’s ability to continue as a going concern in their audit report.
  • We have incurred substantial operating losses since our inception and will continue to incur substantial operating losses for the foreseeable future.
  • We will require additional capital to continue to fund our operations and if we do not obtain additional capital, we may be required to substantially limit our operations.
  • Our Company is in an early stage of development and it may not be able to develop its business as anticipated.
  • Because we have a limited operating history, you may not be able to accurately evaluate our operations.
  • We are marketing a new product, the GenFlat Container, and if we fail to accurately predict market growth for the GenFlat Container, we may suffer substantial losses.
  • If we fail to develop our brands cost-effectively, our business may be adversely affected.
  • We will need to attract and retain new customers. If we are unable to attract new customers and retain customers on a cost-effective basis, our business and results of operations will be affected adversely.
  • Our operating plan relies in large part upon assumptions and analyses developed by our Company. If these assumptions or analyses prove to be incorrect, our actual operating results may be materially different from our forecasted results.
  • Our business plan is speculative and our business model is evolving.
  • We purchase our GenFlat Containers from one container manufacturer based in China, potentially limiting our ability to maintain an adequate supply of GenFlat Containers and increasing our risk of negative outcomes from any manufacturing disputes.
The other 53 risks
  • The market for the sale and lease of shipping containers is competitive and, if we do not compete effectively, our operating results could be harmed.
  • We are subject to the risks frequently experienced by early-stage companies.
  • If we fail to effectively manage our growth our business could suffer.
  • The international nature of our business exposes us to numerous risks.
  • Marine Container leasing demand can be negatively affected by decreases in global trade due to global and regional economic downturns.
  • Market leasing rates may decrease due to a decrease in new container prices, weak leasing demand, increased competition or other factors.
  • Increased tariffs or other trade actions could adversely affect our business, financial condition and results of operations.
  • Our business and results of operations are subject to risks resulting from the political and economic policies of China.
  • The ongoing conflict in Iran may disrupt the global maritime shipping industry
  • We will be exposed to customer credit risk, including the risk of lessee defaults.
  • Used marine container sales prices are volatile and sale prices can fall below our accounting residual values, leading to losses on the disposal of our equipment.
  • We may incur significant costs associated with relocation of leased equipment.
  • Severe weather, climate change, international hostilities, terrorist attacks or other catastrophic events could negatively impact our operations and profitability and may expose us to liability.
  • The lack of an international title registry for containers increases the risk of ownership disputes.
  • Our quarter-to-quarter performance may vary substantially, and this variance, as well as general market conditions, may cause the value of our securities to vary greatly and even potentially expose us to litigation.
  • We will rely on third parties in many aspects of our business, which creates additional risk.
  • We may incur increased costs or be required to comply with increased restrictions due to the implementation of government regulations.
  • If we fail to comply with applicable regulations that impact our international operations, our business, results of operations or financial condition could be adversely affected.
  • Environmental regulations and liability may adversely affect our business and financial condition.
  • We are dependent upon our key executives for future success and our failure to retain and attract qualified personnel could harm our business.
  • Currency exchange rate fluctuations may disrupt our business and make our products less competitive, having a material adverse impact on our business.
  • Our management team has limited experience managing a reporting company, and regulatory compliance may divert its attention from the day-to-day management of our business.
  • Our Company has limited the liability of its board of directors and management.
  • Our GenFlat business will continue to incur costs as a result of operating as a reporting company, and our management will be required to devote substantial time to compliance initiatives.
  • The Company’s internal controls over financial reporting may not be effective and its independent registered public accounting firm may not be able to certify as to their effectiveness, which could have a significant and adverse effect on the Company’s business and reputation.
  • RISKS RELATED TO INFORMATION TECHNOLOGY SYSTEMS, INTELLECTUAL PROPERTY AND PRIVACY LAWS
  • We are reliant upon information technology to operate our business and maintain our competitiveness.
  • Cybersecurity incidents could disrupt business operations, result in the loss of critical and confidential information, and adversely impact our reputation and results of operations.
  • Our facilities and systems are vulnerable to natural disasters and other unexpected events and any of these events could result in an interruption of our ability to execute clients’ email campaigns.
  • Any significant disruption in service on our website or in our computer systems, or in our customer support services, could reduce the attractiveness of our services and result in a loss of customers.
  • If the security of customers’ confidential information stored in our systems is breached or otherwise subjected to unauthorized access, our reputation may be severely harmed, we may be exposed to liability and we may lose the ability to offer our customers a credit payment option.
  • We do not have a disaster recovery system, which could lead to service interruptions and result in a loss of customers.
  • We may be unable to obtain effective intellectual property protection for our potential products and technology.
  • We may be subject to patent infringement claims, which could result in substantial costs and liability and prevent us from commercializing our potential products.
  • Our technology may be subject to foreign or domestic government rights.
  • RISKS RELATED TO OWNING OUR SECURITIES
  • There is no active market for our common stock, which may make it more difficult for you to sell your stock; purchasers of our stock may have difficulty selling their shares.
  • In the event an active trading market for our common stock develops, the price of our common stock may fluctuate significantly.
  • Our securities are subject to the penny stock rules, which make it more difficult to trade our shares.
  • FINRA sales practice requirements may limit a stockholder’s ability to buy and sell our stock.
  • State securities laws may limit secondary trading, which may restrict the states in which, and conditions under which, you can sell the securities sold in this offering.
  • We may issue additional equity securities, or engage in other transactions that could dilute our book value or relative rights of our common stock, which may adversely affect the market price of our common stock.
  • Shares eligible for future sale may adversely affect the market for our securities and our ability to raise additional equity capital.
  • The ability of a stockholder to recover all or any portion of such stockholder’s investment in the event of a dissolution or termination may be limited.
  • We do not anticipate paying any cash dividends on our common stock in the foreseeable future and, as such, capital appreciation, if any, of our common stock will be your sole source of gain for the foreseeable future.
  • We are an “emerging growth company” and are able to avail ourselves of reduced disclosure requirements applicable to emerging growth companies, which could make our common stock less attractive to investors.
  • We are considered a smaller reporting company and are able to avail ourselves of reduced disclosure requirements applicable to smaller reporting companies, which could make our common stock less attractive to investors.
  • Financial reporting obligations of being a public company in the United States are expensive and time-consuming, and our management is required to devote substantial time to compliance matters.
  • The Sarbanes-Oxley Act requires, among other things, that we maintain effective disclosure controls and procedures, and internal control over financial reporting. We have identified weaknesses in our internal controls, and we cannot provide assurances that these weaknesses will be effectively remediated or that additional material weaknesses will not occur in the future.
  • Changes in accounting principles and guidance, or their interpretation, could result in unfavorable accounting charges or effects, including changes to our previously filed financial statements, which could cause our stock price to decline.
  • Our principal stockholders and management own a significant percentage of our stock and will be able to exert significant control over matters subject to stockholder approval.
  • Liability of directors for breach of duty is limited under Delaware law.
  • Our bylaws provide that we will indemnify our directors and officers to the fullest extent permitted by law, and may indemnify employees and other agents. Our bylaws also provide that we are obligated to advance expenses incurred by a director or officer in advance of the final disposition of any action or proceeding.
  • Our bylaws designate the Court of Chancery of the State of Delaware as the sole and exclusive forum for certain types of actions and proceedings that may be initiated by our stockholders, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers, employees or agents.
  • We may experience fluctuations in our tax obligations and effective tax rate, which could materially and adversely affect our results of operations.
  • Rule 144 May Not Be Available To You

Legal proceedings

We may from time to time be involved in routine legal matters incidental to our business; however, we are currently not involved in any litigation, nor are we aware of any threatened or impending litigation.

The opening of Item 3, Legal Proceedings.4

Sources

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