Overview
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- TickerMWYN on Nasdaq1
- IndustryWholesale-Groceries, General Line1
- HeadquartersIrvine, California1
- Incorporated inNV3
- Business address2955 Main Street, Ste 100A, Irvine, Ca 926143
- Filer category, Emerging growth company3
- Legal formCorporation
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Preferred Stock effected on September 9, 2024 for the purpose of our initial public offering.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
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Revenue From Recyclable Ewaste Materials Sales brought in 71% of the revenue Marwynn Holdings, Inc. broke down this way in fiscal 2026.
Products and services by year
| Products and services | 2025 | 2026 |
|---|---|---|
| Revenue From Recyclable Ewaste Materials Sales | $3.0M | |
| Revenue From Consulting Services | $179.5K | $672.5K |
| Revenue From Food And Beverage Sales | $624.8K | $570.4K |
Regions
United States brought in 85% of the revenue Marwynn Holdings, Inc. broke down this way in fiscal 2026.
Regions by year
| Regions | 2025 | 2026 |
|---|---|---|
| United States | $638.3K | $3.6M |
| Hong Kong | $166.0K | $615.4K |
Where the money goes
Where each dollar of revenue went, fiscal 2026
- Cost of revenue85¢$3.6M
- Other costs14¢$606.7K
- Income tax1¢$43.8K
Out of $4.2M in revenue.2 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.2
| Period ending | 2026-04-30 | 2025-04-30 |
|---|---|---|
| Revenue, net | $4.2M | $804.3K |
| Cost of revenue | -$3.6M | -$428.6K |
| Gross profit | $650.5K | $375.8K |
| Selling expenses | -$1.3M | -$1.4M |
| General & administrative expenses | -$2.7M | -$3.3M |
| Total operating expenses | -$3.9M | -$4.7M |
| Loss from operations | -$3.3M | -$4.4M |
| Other expenses | -$4.5K | -$3.8K |
| Interest income (expense) | $54.9K | -$1.3K |
| Total other income (expenses), net | $50.4K | -$5.1K |
| Loss before income tax | -$3.2M | -$4.4M |
| Income tax provision | -$43.8K | -$6.2K |
| Net loss from continuing operations | -$3.3M | -$4.4M |
| Net loss from discontinued operations | -$646.7K | -$33.0K |
| Net loss | -$3.9M | -$4.4M |
| Basic | -$0.21 | -$0.29 |
| Diluted | -$0.21 | -$0.29 |
| Basic | 18.6M shares | 15.3M shares |
| Diluted | 18.6M shares | 15.3M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.2
| Period ending | 2026-04-30 | 2025-04-30 | 2024-04-30 |
|---|---|---|---|
| Cash and cash equivalents | $152.2K | $871.0K | |
| Accounts receivable, net | $764.6K | $195.0K | |
| Due from related party | $193.9K | ||
| Note receivables | $830.0K | ||
| Prepaid expenses and other current assets | $1.1M | $2.8M | |
| Total Current Assets | $2.9M | $4.1M | |
| Property and equipment, net | $3.3K | $17.7K | |
| Intangible assets, net | $127.1K | $177.1K | |
| Operating lease right-of-use assets, net | $44.6K | ||
| Deferred tax assets | $2.2K | ||
| Total Non-Current Assets | $130.4K | $241.6K | |
| ASSETS FROM DISCONTINUED OPERATIONS | $10.6M | ||
| TOTAL ASSETS | $3.0M | $14.9M | |
| Accounts payable | $9.7K | ||
| Accrued expenses and other current liabilities | $210.4K | $6.1K | |
| Operating lease liabilities current | $45.7K | ||
| Income tax payable | $217.5K | $177.6K | |
| Total Current Liabilities | $428.0K | $239.0K | |
| LIABILITIES FROM DISCONTINUED OPERATIONS | $9.7M | ||
| Total Liabilities | $428.0K | $10.0M | |
| Preferred stock, par value $0.001, 5,000,000 shares authorized; 135,000 shares Series A Super Voting Preferred Stock designated, issued and outstanding at April 30, 2026 and 2025 | $135 | $135 | |
| Common stock, par value $0.001, 45,000,000 shares authorized; 20,194,804 shares and 17,054,004 shares issued and outstanding at April 30, 2026 and 2025, respectively | $20.2K | $17.1K | |
| Additional Paid-in Capital | $10.5M | $8.9M | |
| Accumulated deficit | -$7.9M | -$4.0M | |
| Total Stockholders Equity | $2.6M | $5.0M | $2.8M |
| TOTAL LIABILITIES AND STOCKHOLDERS EQUITY | $3.0M | $14.9M | |
| Preferred stock, par value (in Dollars per share) | $0.00 | $0.00 | |
| Preferred stock, shares authorized (in Shares) | 5.0M shares | 5.0M shares | |
| Preferred stock, shares issued (in Shares) | 135.0K shares | 135.0K shares | |
| Preferred stock, shares outstanding (in Shares) | 135.0K shares | 135.0K shares | |
| Common stock, par value (in Dollars per share) | $0.00 | $0.00 | |
| Common stock, shares authorized (in Shares) | 45.0M shares | 45.0M shares | |
| Common stock, shares issued (in Shares) | 20.2M shares | 17.1M shares | |
| Common stock, shares outstanding (in Shares) | 20.2M shares | 17.1M shares |
| Period ending | 2026-04-30 | 2025-04-30 | 2024-04-30 |
|---|---|---|---|
| Cash and cash equivalents | $152.2K | $871.0K | |
| Accounts receivable, net | $764.6K | $195.0K | |
| Due from related party | $193.9K | ||
| Note receivables | $830.0K | ||
| Prepaid expenses and other current assets | $1.1M | $2.8M | |
| Total Current Assets | $2.9M | $4.1M | |
| Property and equipment, net | $3.3K | $17.7K | |
| Intangible assets, net | $127.1K | $177.1K | |
| Operating lease right-of-use assets, net | $44.6K | ||
| Deferred tax assets | $2.2K | ||
| Total Non-Current Assets | $130.4K | $241.6K | |
| ASSETS FROM DISCONTINUED OPERATIONS | $10.6M | ||
| TOTAL ASSETS | $3.0M | $14.9M | |
| Accounts payable | $9.7K | ||
| Accrued expenses and other current liabilities | $210.4K | $6.1K | |
| Operating lease liabilities current | $45.7K | ||
| Income tax payable | $217.5K | $177.6K | |
| Total Current Liabilities | $428.0K | $239.0K | |
| LIABILITIES FROM DISCONTINUED OPERATIONS | $9.7M | ||
| Total Liabilities | $428.0K | $10.0M | |
| Preferred stock, par value $0.001, 5,000,000 shares authorized; 135,000 shares Series A Super Voting Preferred Stock designated, issued and outstanding at April 30, 2026 and 2025 | $135 | $135 | |
| Common stock, par value $0.001, 45,000,000 shares authorized; 20,194,804 shares and 17,054,004 shares issued and outstanding at April 30, 2026 and 2025, respectively | $20.2K | $17.1K | |
| Additional Paid-in Capital | $10.5M | $8.9M | |
| Accumulated deficit | -$7.9M | -$4.0M | |
| Total Stockholders Equity | $2.6M | $5.0M | $2.8M |
| TOTAL LIABILITIES AND STOCKHOLDERS EQUITY | $3.0M | $14.9M | |
| Preferred stock, par value (in Dollars per share) | $0.00 | $0.00 | |
| Preferred stock, shares authorized (in Shares) | 5.0M shares | 5.0M shares | |
| Preferred stock, shares issued (in Shares) | 135.0K shares | 135.0K shares | |
| Preferred stock, shares outstanding (in Shares) | 135.0K shares | 135.0K shares | |
| Common stock, par value (in Dollars per share) | $0.00 | $0.00 | |
| Common stock, shares authorized (in Shares) | 45.0M shares | 45.0M shares | |
| Common stock, shares issued (in Shares) | 20.2M shares | 17.1M shares | |
| Common stock, shares outstanding (in Shares) | 20.2M shares | 17.1M 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.2
| Period ending | 2026-04-30 | 2025-04-30 |
|---|---|---|
| Net loss | -$3.9M | -$4.4M |
| Net loss from discontinued operations | -$646.7K | -$33.0K |
| Net loss from continuing operations | -$3.3M | -$4.4M |
| Bad debt expense | $47.9K | |
| Depreciation and amortization | $64.4K | $53.7K |
| Share-based compensation expense | $117.2K | $90.1K |
| Change in deferred tax assets | $2.2K | $681 |
| Operating lease expense | $34.7K | $39.5K |
| Accounts receivable | -$617.5K | $760.4K |
| Prepaid expenses and other current assets | $2.3M | -$2.8M |
| Advance to vendors | -$599.8K | |
| Accounts payable | -$9.7K | -$4.5K |
| Income tax payable | $40.0K | -$98.0K |
| Advance from customers | -$50.4K | |
| Accrued expenses and other current liabilities | $204.3K | -$34.3K |
| Finance lease liabilities | -$1.2M | |
| Operating lease liabilities | -$35.8K | $1.1M |
| Net cash used in operating activities from continuing operations | -$1.7M | -$6.4M |
| Net cash provided by operating activities from discontinued operations | $198.8K | $1.2M |
| Net Cash Used in Operating Activities | -$1.5M | -$5.3M |
| Note receivables | -$830.0K | |
| Purchase of furniture & fixtures | -$13.1K | |
| Other receivable | -$300.0K | |
| Cash received from disposal of subsidiary | $550.0K | |
| Net cash used in investing activities from continuing operations | -$580.0K | -$13.1K |
| Net cash used in investing activities from discontinued operations | -$207.2K | -$56.8K |
| Net Cash Used in Investing Activities | -$787.2K | -$69.9K |
| Repayment from (loan to) shareholder | $193.9K | -$194.4K |
| Proceeds from issuance of common stock | $1.4M | $6.5M |
| Net cash provided by financing activities from continuing operations | $1.6M | $6.3M |
| Net cash use in financing activities from discontinued operations | -$382.4K | -$1.0M |
| Net Cash Provided by Financing Activities | $1.2M | $5.2M |
| Net change in cash and cash equivalents | -$1.1M | -$102.9K |
| Cash paid for income tax | $20.0K | $312.7K |
| Cash paid for interest | $5.1K | $32.2K |
No quarter-by-quarter statement was filed.
Corporate structure
Marwynn 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 Marwynn Holdings, Inc.
- Xiaoping Lu Filed SCHEDULE 13G on Marwynn Holdings, Inc., latest Oct 7, 2026
- Yin Yan Filed SCHEDULE 13G/A on Marwynn Holdings, Inc., latest Feb 11, 2026 (2 filings since May 2, 2025)
- Hong Le Liang Filed SCHEDULE 13G/A on Marwynn Holdings, Inc., latest Oct 27, 2025 (2 filings since May 2, 2025)
- Zhifen Zhou Filed SCHEDULE 13G/A on Marwynn Holdings, Inc., latest Oct 27, 2025 (2 filings since May 2, 2025)
- Marwynn Holdings, Inc. Irvine, California
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Marwynn 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
| Item | Latest | A year before | Change |
|---|---|---|---|
| Furniture and fixtures | $23.1K2 Apr 30, 2026 | $23.1K2 Apr 30, 2025 | 0% |
| Computer equipment and software | $250.0K5 Apr 30, 2025 | $250.0K5 Apr 30, 2024 | 0% |
| Property and equipment, before depreciation | $777.2K5 Apr 30, 2025 | $707.4K5 Apr 30, 2024 | +9.9% |
| Accumulated depreciation | $19.8K2 Apr 30, 2026 | $5.4K2 Apr 30, 2025 | +265.0% |
| Property and equipment, net | $3.3K2 Apr 30, 2026 | $17.7K2 Apr 30, 2025 | −81.4% |
| Finance-lease assets | $54.3K5 Apr 30, 2025 | ||
| Operating-lease assets (leased space) | $44.6K2 Apr 30, 2025 | $4.7M5 Apr 30, 2024 | −99.0% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $152.2K2 Apr 30, 2026 | $871.0K2 Apr 30, 2025 | −82.5% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Intangible assets, net (excluding goodwill) | $127.1K2 Apr 30, 2026 | $177.1K2 Apr 30, 2025 | −28.2% |
| Finite-lived intangibles, gross | $250.0K2 Apr 30, 2026 | $250.0K2 Apr 30, 2025 | 0% |
| Accumulated amortization | $122.9K2 Apr 30, 2026 | $72.9K2 Apr 30, 2025 | +68.6% |
| Finite-lived intangibles, net | $127.1K2 Apr 30, 2026 | $177.1K2 Apr 30, 2025 | −28.2% |
Inventory
| Item | Latest | A year before | Change |
|---|---|---|---|
| Inventory, total | $4.8M5 Apr 30, 2025 | $4.3M5 Apr 30, 2024 | +11.7% |
| Finished goods | $4.8M5 Apr 30, 2025 | $4.3M5 Apr 30, 2024 | +11.7% |
Properties, in its own words
Our current headquarters are located in Irvine, California, where we lease 2,799 square feet of office space pursuant to a lease that expires in March 2027 Our headquarters contain operations, general and administrative functions. We believe that our facilities are adequate to meet our current needs.
Details of our facilities are set out below:
The rest of Item 2
Facility · Address · Space (square feet) · Expiration Date
Headquarter and principal executive offices · 2955 Main Street, Ste 100A, Irvine, CA 92614 · 2,799 · March 15th 2027
Item 2 of the 10-K filed Jul 30, 2026.4
Leadership
Who has led Marwynn Holdings, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chair
President
Chief financial officer
- Chief executive officerYin Yan Mar 18, 2025 to now9
- ChairYin Yan Nov 21, 2025 to now10
- PresidentYin Yan Mar 18, 2025 to now9
- Chief financial officerZhifen Zhou Mar 20, 2025 to Sep 26, 202511
- Chief financial officerShengnan Xu Sep 26, 2025 to now12
Board members and other officers (6)
- Board memberDandan Wang Mar 18, 2025 to now13
- Board memberDvisha Patel Mar 18, 2025 to now14
- Board memberEric Newlan Mar 18, 2025 to now15
- Board memberYin Yan Mar 18, 2025 to now9
- Board memberZhifen Zhou Mar 20, 2025 to now11
- Board memberShengnan Xu Sep 26, 2025 to now12
Named in SEC Form D filings
People the company listed in its private-offering notices.
Timeline
- Oct 13, 20268-K Bylaws or fiscal year changed17
- Oct 9, 20268-K Other events18
- Sep 28, 20268-K Bylaws or fiscal year changed19
- Jul 15, 20268-K Other events20
- Apr 1, 20268-K Change of auditor21
- Feb 10, 20268-K Other events22
- Feb 3, 20268-K Listing notice or transfer23
- Dec 23, 20258-K Completed an acquisition or sale; Bylaws or fiscal year changed24
- Dec 17, 20258-K Shareholder vote25
- Nov 24, 20258-K Other events26
- Oct 29, 20258-K Entered a material agreement; Unregistered sale of shares27
- Oct 28, 20258-K Entered a material agreement28
- Mar 18, 2025New chief executive Yin Yan becomes CEO9
Filings
79 filings to the SEC since October 2021: 3 annual reports, 5 quarterly reports, 17 major events, 11 insider forms, 7 large holders, 1 private raises, 35 other. The latest 20:
- Oct 13, 20268-K/A AMENDMENT NO. 1 TO FORM 8-K EDGAR
- Oct 9, 20268-K CURRENT REPORT EDGAR
- Oct 7, 2026SCHEDULE 13G EDGAR
- Sep 28, 20268-K CURRENT REPORT EDGAR
- Sep 22, 202610-K/A AMENDMENT NO. 1 TO FORM 10-K EDGAR
- Sep 14, 202610-Q QUARTERLY REPORT EDGAR
- Jul 30, 202610-K ANNUAL REPORT EDGAR
- Jul 30, 2026NT 10-K NOTIFICATION OF LATE FILING EDGAR
- Jul 15, 20268-K CURRENT REPORT EDGAR
- Apr 17, 2026EFFECT EDGAR
- Apr 15, 2026CORRESP EDGAR
- Apr 13, 2026UPLOAD EDGAR
- Apr 3, 2026S-3 REGISTRATION STATEMENT EDGAR
- Apr 1, 20268-K CURRENT REPORT EDGAR
- Mar 17, 202610-Q QUARTERLY REPORT EDGAR
- Feb 11, 2026SCHEDULE 13G/A EDGAR
- Feb 10, 20268-K CURRENT REPORT EDGAR
- Feb 3, 20268-K CURRENT REPORT EDGAR
- Dec 23, 2025424B3 PROSPECTUS EDGAR
- Dec 23, 20258-K CURRENT REPORT EDGAR
The 79 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.
Insider trades
3 open-market trades by officers, directors and large owners since October 2021: 0 buys and 3 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Nov 19, 2025 | Wang Fulai | Sale | 1,777,230 | $0.51 | $906.4K | Form 4 |
| Oct 23, 2025 | Liang Hong Le | Sale | 1,777,230 | $0.51 | $906.4K | Form 4 |
| Oct 23, 2025 | Zhong Sen | Sale | 2,843,568 | $0.51 | $1.5M | Form 4 |
From Forms 4 filed with the SEC.
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.
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
Money raised
Private offerings the company reported to the SEC on Form D.
- Oct 21, 2025Filed a private offering of equity Form D: $1.4 million offered in all Form D
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Citadel Advisors LLC | 152,878 | $162.1K | 0.0% | +137,112 |
| Jane Street Group, LLC | 82,991 | $88.0K | 0.0% | New |
| XTX Topco Ltd | 37,747 | $40.0K | 0.0% | +27,451 |
| Geode Capital Management, LLC | 27,354 | $29.0K | 0.0% | −11,554 |
| Vanguard Capital Management LLC | 25,853 | $27.4K | 0.0% | New |
| Two Sigma Securities, LLC | 18,159 | $19.2K | 0.0% | New |
| UBS Group AG | 8,169 | $8.7K | 0.0% | +5,168 |
| Tower Research Capital LLC (TRC) | 6,472 | $6.9K | 0.0% | +2,288 |
| Hrt Financial LP | 24,056 | $25 | 0.0% | New |
| Morgan Stanley | 14 | $15 | 0.0% | New |
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How Marwynn 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 EDGARMarwynn Holdings, Inc.1
- CIK0002030522
- Employer ID (EIN)99-18679814
- Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; not a shell company4
- Incorporated inNevada4
- Fiscal year endsApril 301
- Industry code (SIC)5141 Wholesale-Groceries, General Line1
- SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
- Business address2955 Main Street, Ste 100A, Irvine, CA 926141
- Phone949-706-99661
- Shares outstanding20,194,804 as of Sep 10, 20268
- Public float$7.6M as of Oct 31, 20254
- AuditorEnrome LLP, Singapore PCAOB ID 6907; no auditor attestation of internal control over financial reporting4
- On EDGAR sinceAug 12, 20241
- Filings79 in all: 8-K (16), 3 (8), 10-Q (5), CORRESP (4), DRSLTR (4), SCHEDULE 13G (4), UPLOAD (4), 4 (3)1
All 30 form types
DRS/A (3), EFFECT (3), SCHEDULE 13G/A (3), 10-K (2), NT 10-K (2), S-1 (2), 10-K/A (1), 424B3 (1), 424B4 (1), 8-A12B (1), 8-K/A (1), CERT (1), D (1), DEF 14A (1), DEF 14C (1), DEFA14A (1), DRS (1), FWP (1), NT 10-Q (1), PRE 14C (1), S-1/A (1), S-3 (1)
- Latest filingsAnnual report (10-K) Jul 30, 2026
Quarterly report (10-Q) Sep 14, 2026
Proxy statement (DEF 14A) Oct 31, 2025
Latest 8-K (8-K) Oct 9, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, $0.001 par value per share | MWYN | The Nasdaq Stock Market LLC |
From the cover page of the 10-K filed Jul 30, 2026 (Section 12(b) of the Exchange Act).4
Risk factors and legal proceedings
The risks Marwynn Holdings, Inc. names in Item 1A of its 10-K filed Jul 30, 2026: 63 risks under these headings, as written.4
- Risks Related to our Business and Industry
- General Operations
- Our management team lacks significant operational experience in the big data AI platform and battery recycling industries, and our failure to successfully manage our entry into these markets could have a material adverse effect on our business, financial condition, and results of operations.
- We operate in the highly competitive markets of food and beverage supply chain management, big data AI platform hubs, e-waste recycling, and black mass production, and we expect to incur substantial losses without generating significant near-term revenue due to recent expansions.
- We currently hold no patents for our big data AI platform or battery processing technologies, which limits our ability to protect our intellectual property and exposes us to intense competition and potential infringement claims.
- Our business model portfolio includes fundamentally unrelated industries with no material operational synergies, which may divide management’s attention, strain our financial resources, and create significant inefficiencies.
- We have an evolving business model, which increases the complexity of our business.
- Our business is exposed to risks inherent in international operations. Changes in trade policy, including tariffs and global supply chain disruptions, could increase our costs and adversely affect our operations.
- We have a limited operating history in our current form and limited experience selling our products. As a result of continuing investments to expand our business, we may not achieve or sustain profitability.
- We will need to raise additional capital to fund our operations in furtherance of our business plan.
- You may experience future dilution as a result of future equity offerings.
- If we fail to effectively manage our growth, our business, financial condition and operating results could be harmed.
The other 53 risks
- Our future success depends on our ability to develop, maintain, and expand our operating platforms, technology offerings, and commercial relationships.
- Our operations depend on the availability of feedstock, equipment, components, logistics services, and third-party suppliers, and disruptions in our supply chain could adversely affect our business.
- A shortage of qualified labor could negatively affect our business and materially reduce earnings.
- Unfavorable macroeconomic conditions in the U.S. may adversely affect our business, financial condition and results of operations.
- Global health developments and economic uncertainty resulting from pandemics, such as the COVID-19 pandemic, and governmental action related thereto, may adversely affect, our business, financial condition and results of operations.
- We are dependent upon the timely delivery of products from our vendors. Prolonged diminution of global supply chains may impact the availability and price stability of future food supplies, which may in turn adversely impact our business.
- If we cannot successfully manage the unique challenges presented by international markets, we may not be successful in our international operations and our sales and profitability may be negatively impacted.
- Our relationships with customers may be materially diminished or terminated. The loss of customers could adversely affect our business, financial condition, and results of operations.
- We rely on technology in our business and any cybersecurity incident, other technology disruption or delay in implementing new technology could negatively affect our business and our relationships with customers.
- We may be unable to protect or maintain our intellectual property, which could result in customer confusion, a negative perception of our brand and adversely affect our business.
- If we are unable to renew or replace our current leases on favorable terms, or any of our current leases are terminated prior to expiration of their stated terms, and we cannot find suitable alternate locations, our operations and profitability could be negatively impacted.
- Failure to retain our senior management and other key personnel may adversely affect our operations.
- If we are unable to attract, train and retain employees, we may not be able to grow or successfully operate our business.
- Changes in and enforcement of immigration laws could increase our costs and adversely affect our ability to attract and retain qualified employees.
- Potential labor disputes with employees and increases in labor costs could adversely affect our business.
- We may incur significant costs to comply with environmental laws and regulations, and we may be subject to substantial fines, penalties and/or third-party claims for non-compliance.
- Litigation may materially adversely affect our business, financial condition and results of operations.
- The U.S. government is currently imposing increased tariffs on certain products imported into the U.S., including products imported from China, which may have an adverse impact on our future operating results.
- Severe weather, natural disasters and adverse climate changes, as well as the legal, regulatory or market measures being implemented to address climate change, may materially adversely affect our financial condition and results of operations.
- Our business may be affected by the impacts of unfavorable geopolitical events or other market disruptions on consumer confidence and spending patterns.
- Our current indebtedness may adversely affect our liquidity position and ability of future financing.
- Food and Non-Alcoholic Beverages
- We have experienced a significant decline in revenue within our FuAn business segment, which could materially and adversely affect our business, financial condition, and results of operations.
- Our industry is characterized by low margins, and periods of significant or prolonged inflation or deflation affect our product and operational costs, which may negatively impact our profitability.
- Competition may increase in the future, which may adversely impact our margins and ability to retain customers, and make it difficult to maintain our market share, growth rate and profitability.
- If more competitors enter this market segment in the future, our operating results may be negatively impacted through a loss of sales, reduction in margins from competitive price changes, and/or greater operating costs, such as marketing costs, due to the increase of competition.
- Changes in consumer eating habits could materially and adversely affect our business, financial condition, and results of operations.
- Our operations may be adversely affected by the disruption of logistics services or poor handling of products by third party logistics service providers.
- Significant portions of our inventory are perishable and vulnerable to spoilage and other loss.
- If we fail to comply with requirements imposed by applicable law and other governmental regulations, we could become subject to lawsuits, investigations and other liabilities and restrictions on our operations that could significantly and adversely affect our business.
- If the products distributed by us are alleged to have caused injury or illness, or to have failed to comply with governmental regulations, we may need to recall our products and may experience product liability claims.
- Increased commodity prices and availability may impact profitability.
- We have a limited operating history and face significant risks related to our new EcoloopX business strategy, including substantial capital requirements, facility construction and feedstock procurement challenges, commodity price volatility, regulatory compliance, and intense industry competition.
- Failure on the parts of recycling and processing partners to comply with applicable laws and regulation may disrupt e-waste reverse supply chain which may have a material adverse effect on our results of operations and financial condition. Our planned expansion into the production of “black mass” will significantly increase our regulatory burden and direct operational risks.
- The economic value of recyclable materials is partially influenced by commodity prices such as copper, lithium, nickel, and cobalt.
- Our ability to generate revenue depends on securing reliable sources of electronic waste materials.
- Growth of our EcoLoopX platform depends in part on the development of battery recycling and circular economy markets.
- Our AI powered big data platform will operate in an industry characterized by rapid technological change, unpredictable market adoption, and an intensely uncertain regulatory landscape, which together expose us to significant legal and financial risks.
- Risks Related to Our Common Stock and Preferred Stock
- You may experience extreme stock price volatility, including any stock-run up, unrelated to our actual or expected operating performance, financial condition or prospects, making it difficult for prospective investors to assess the rapidly changing value of our common stock.
- Volatility in our common stock price may subject us to securities litigation.
- We have failed to comply with the continued listing requirements of Nasdaq, our common stock may be delisted and the price of our common stock and our ability to access the capital markets could be negatively impacted.
- We do not intend to pay dividends for the foreseeable future.
- If securities or industry analysts do not publish research or reports about our business, or if they publish a negative report regarding our shares of common stock, the price of our common stock and trading volume could decline.
- The market price of our common stock may be volatile or may decline regardless of our operating performance, and you may not be able to resell your shares at or above your purchase price.
- Our management has broad discretion to determine how to use the funds raised in our offeringd and may use them in ways that may not enhance our results of operations or the price of our shares of common stock.
- As a “controlled company” within the meaning of the Nasdaq Marketplace Rule 5615(c), we have chosen to exempt our Company from certain corporate governance requirements that could have an adverse effect on our public stockholders.
- Anti-takeover provisions in our charter documents and Nevada law, along with our status as a “controlled company,” could discourage, delay or prevent a change in control of our company and may affect the trading price of our common stock.
- We have 135,000 shares of Series A Super Voting Preferred Stock with super voting rights.
- We cannot predict the impact our multi-class share structure may have on the stock price of our common stock.
- We are an emerging growth company and a smaller reporting company, and the reduced disclosure requirements applicable to emerging growth companies and smaller reporting companies may make our common stock less attractive to investors.
- If we fail to implement and maintain an effective system of internal controls or fail to remediate the material weaknesses in our internal control over financial reporting that have been identified, we may fail to meet our reporting obligations or be unable to accurately report our results of operations or prevent fraud, and investor confidence and the market price of our common stock may be materially and adversely affected.
- Our management and principal stockholders own a significant percentage of our stock and will be able to exert control over matters subject to stockholder approval.
- Our board of directors has the authority, without stockholder approval, to issue preferred stock with terms that may not be beneficial to common stockholders and with the ability to affect adversely stockholder voting power and perpetuate their control over us.
- We are subject to the periodic reporting requirements of Section 15(d) and 12(b) of the Exchange Act that require us to incur audit fees and legal fees in connection with the preparation of such reports. These additional costs could reduce or eliminate our ability to earn a profit.
Legal proceedings
We are not party to any material legal proceedings. We have in the past, and from time to time may be in the future, involved in legal proceedings or subject to claims incident to the ordinary course of business. Regardless of the outcome, such proceedings or claims can have an adverse impact on us because of defense and settlement costs, diversion of resources and other factors, and there can be no assurances that favorable outcomes will be obtained.
The opening of Item 3, Legal Proceedings.4
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 9SEC EDGARYin Yan, Chief executive officer
- 10SEC EDGARYin Yan, Chair
- 11SEC EDGARZhifen Zhou, Chief financial officer
- 12SEC EDGARShengnan Xu, Chief financial officer
- 13SEC EDGARDandan Wang, Board member
- 14SEC EDGARDvisha Patel, Board member
- 15SEC EDGAREric Newlan, Board member
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- 17SEC EDGARBylaws or fiscal year changed
- 18SEC EDGAROther events
- 19SEC EDGARBylaws or fiscal year changed
- 20SEC EDGAROther events
- 21SEC EDGARChange of auditor
- 22SEC EDGAROther events
- 23SEC EDGARListing notice or transfer
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- 25SEC EDGARShareholder vote
- 26SEC EDGAROther events
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- 28SEC EDGAREntered a material agreement
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