VRDR on OTC
VERDE RESOURCES, INC.
VERDE RESOURCES, INC. is an American Gold and Silver Ores company based in St. Louis, listed on OTC (VRDR).1
Price unavailable
Last updated Oct 21, 2026.
Overview
Compare with SOLITARIO RESOURCES CORP., PATRIOT GOLD CORP or NEW PACIFIC METALS CORP, or pick any stock.
- TickerVRDR on OTC1
- IndustryGold and Silver Ores1
- HeadquartersSt. Louis, Missouri1
- Incorporated inNV3
- Business address8112 Maryland Ave, Suite 400, St. Louis, Mo 631053
- Filer categoryNon-accelerated filer, Smaller reporting company3
See how the biggest companies compare on our leaderboards
It is anticipated that carbon removal credits shall be generated from: (i) bulk mixing, and (ii) packaged mix of Ergon-Verde Products.5 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.
Regions
United States brought in 100% of the revenue VERDE RESOURCES, INC. broke down this way in fiscal 2026.
Regions by year
| Regions | 2024 | 2025 | 2026 |
|---|---|---|---|
| United States | $62.6K | $128.4K | $466.7K |
| MY | $34.0K | $4.8K | $1.1K |
Where the money goes
Where each dollar of revenue went, fiscal 2026
- Cost of revenue8¢$299.1K
- Selling, general and admin92¢$3.7M
Out of $467.8K 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 | 2026-06-30 | 2025-06-30 |
|---|---|---|
| Revenue, net | $467.8K | $133.2K |
| Cost of revenue | $299.1K | $51.8K |
| Gross profit | $168.7K | $81.4K |
| Selling, general and administrative expenses | $3.7M | $5.9M |
| Other operating expenses | $290.4K | $214.4K |
| Total operating expenses | $4.0M | $6.1M |
| LOSS FROM OPERATION | -$3.8M | -$6.0M |
| Interest expense | -$102.7K | |
| Rental income | $38.2K | |
| Gain from insurance claims | $481.5K | |
| Unrealized foreign exchange gain | $218.5K | $582.0K |
| Gain on forgiveness of debts | $163.3K | |
| Gain on disposal of property, plant and equipment | $164.6K | |
| Interest income | $28.6K | $70.7K |
| Other income | $7.0K | $4.7K |
| Total other income, net | $417.4K | $1.2M |
| LOSS BEFORE INCOME TAXES | -$3.4M | -$4.8M |
| NET LOSS | -$3.4M | -$4.8M |
| Net loss attributable to non-controlling interest | -$2.7K | -$36 |
| Net loss attributable to Verde Resources Inc., shareholders | -$3.4M | -$4.8M |
| Net (loss) income attributable to non-controlling interest | -$3.4M | -$4.8M |
| Foreign currency adjustment expense | -$42.2K | -$88.9K |
| COMPREHENSIVE LOSS | -$3.4M | -$4.9M |
| Net loss per share,basic | $0.00 | $0.00 |
| Net loss per share,diluted | $0.00 | $0.00 |
| Weighted average common stock outstanding, basic | 1.3B shares | 1.2B shares |
| Weighted average common stock outstanding, diluted | 1.3B shares | 1.2B 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.2
| Period ending | 2026-06-30 | 2025-07-31 | 2025-06-30 | 2024-06-30 |
|---|---|---|---|---|
| Cash and cash equivalents | $1.8M | $1.0M | ||
| Short-term investments | $1.3M | |||
| Accounts receivable | $5.0K | $188.4K | ||
| Inventories | $228.5K | $284.6K | ||
| Amounts due from related party | $100 | |||
| Prepaid share-based compensation- nonemployees | $114.4K | $455.3K | ||
| Prepayments | $175.3K | $46.6K | ||
| Other receivables and deposits | $10.1K | $15.6K | ||
| Total current assets before discontinued operation | $2.3M | $3.3M | ||
| Assets held for sale | $4.0K | |||
| Total current assets | $2.3M | $3.3M | ||
| Property, plant and equipment, net | $1.4M | $1.6M | ||
| Right of use assets, net | $375.4K | $518.4K | ||
| Intangible assets | $33.6M | $33.5M | ||
| Deposits paid | $80.0K | $80.0K | ||
| Prepayments | $87.5K | |||
| Prepaid share-based compensation- nonemployees | $160.3K | $126.0K | ||
| Total non-current assets | $35.7M | $35.8M | ||
| TOTAL ASSETS | $38.1M | $39.1M | ||
| Accounts payable | $44.3K | $55.1K | ||
| Other payables | $318.6K | $546.0K | ||
| Deposit and accrued liabilities | $86.3K | $371.8K | ||
| Current portion of operating lease liabilities | $44.2K | $38.3K | ||
| Total current liabilities | $892.0K | $1.6M | ||
| Operating lease liabilities, net of current portion | $52.5K | $91.6K | ||
| Total non-current liabilities | $52.5K | $91.6K | ||
| TOTAL LIABILITIES | $944.5K | $1.7M | ||
| Common stock, $0.001 par value; 10,000,000,000 shares authorized; 1,304,292,407 and 1,262,680,891 issued and outstanding as of June 30, 2026 and 2025 | $1.3M | $1.3M | ||
| Additional paid-in capital | $57.7M | $54.5M | ||
| Accumulated other comprehensive losses | -$203.0K | -$160.8K | ||
| Accumulated deficit | -$21.6M | -$18.3M | ||
| Stockholders' Equity Before Non controlling interest | $37.1M | $37.4M | ||
| Non-controlling interest | -$2.7K | -$36 | ||
| Stockholders equity | $37.1M | $37.4M | $37.3M | |
| TOTAL LIABILITIES AND STOCKHOLDERS EQUITY | $38.1M | $39.1M | ||
| Preferred stock, par value | $0.00 | $0.00 | ||
| Preferred stock, shares authorized | 50.0M shares | 50.0M shares | ||
| Preferred stock, shares issued | 0 shares | 0 shares | ||
| Preferred stock, shares outstanding | 0 shares | 0 shares | ||
| Common stock, par value | $0.00 | $0.00 | ||
| Common stock, shares authorized | 10.0B shares | 10.0B shares | ||
| Common stock, shares issued | 1.3B shares | 7.7M shares | 1.3B shares | |
| Common stock, shares outstanding | 1.3B shares | 1.3B shares |
| Period ending | 2026-06-30 | 2025-07-31 | 2025-06-30 | 2024-06-30 |
|---|---|---|---|---|
| Cash and cash equivalents | $1.8M | $1.0M | ||
| Short-term investments | $1.3M | |||
| Accounts receivable | $5.0K | $188.4K | ||
| Inventories | $228.5K | $284.6K | ||
| Amounts due from related party | $100 | |||
| Prepaid share-based compensation- nonemployees | $114.4K | $455.3K | ||
| Prepayments | $175.3K | $46.6K | ||
| Other receivables and deposits | $10.1K | $15.6K | ||
| Total current assets before discontinued operation | $2.3M | $3.3M | ||
| Assets held for sale | $4.0K | |||
| Total current assets | $2.3M | $3.3M | ||
| Property, plant and equipment, net | $1.4M | $1.6M | ||
| Right of use assets, net | $375.4K | $518.4K | ||
| Intangible assets | $33.6M | $33.5M | ||
| Deposits paid | $80.0K | $80.0K | ||
| Prepayments | $87.5K | |||
| Prepaid share-based compensation- nonemployees | $160.3K | $126.0K | ||
| Total non-current assets | $35.7M | $35.8M | ||
| TOTAL ASSETS | $38.1M | $39.1M | ||
| Accounts payable | $44.3K | $55.1K | ||
| Other payables | $318.6K | $546.0K | ||
| Deposit and accrued liabilities | $86.3K | $371.8K | ||
| Current portion of operating lease liabilities | $44.2K | $38.3K | ||
| Total current liabilities | $892.0K | $1.6M | ||
| Operating lease liabilities, net of current portion | $52.5K | $91.6K | ||
| Total non-current liabilities | $52.5K | $91.6K | ||
| TOTAL LIABILITIES | $944.5K | $1.7M | ||
| Common stock, $0.001 par value; 10,000,000,000 shares authorized; 1,304,292,407 and 1,262,680,891 issued and outstanding as of June 30, 2026 and 2025 | $1.3M | $1.3M | ||
| Additional paid-in capital | $57.7M | $54.5M | ||
| Accumulated other comprehensive losses | -$203.0K | -$160.8K | ||
| Accumulated deficit | -$21.6M | -$18.3M | ||
| Stockholders' Equity Before Non controlling interest | $37.1M | $37.4M | ||
| Non-controlling interest | -$2.7K | -$36 | ||
| Stockholders equity | $37.1M | $37.4M | $37.3M | |
| TOTAL LIABILITIES AND STOCKHOLDERS EQUITY | $38.1M | $39.1M | ||
| Preferred stock, par value | $0.00 | $0.00 | ||
| Preferred stock, shares authorized | 50.0M shares | 50.0M shares | ||
| Preferred stock, shares issued | 0 shares | 0 shares | ||
| Preferred stock, shares outstanding | 0 shares | 0 shares | ||
| Common stock, par value | $0.00 | $0.00 | ||
| Common stock, shares authorized | 10.0B shares | 10.0B shares | ||
| Common stock, shares issued | 1.3B shares | 7.7M shares | 1.3B shares | |
| Common stock, shares outstanding | 1.3B shares | 1.3B 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 | 2026-06-30 | 2025-06-30 |
|---|---|---|
| Net loss | -$3.4M | -$4.8M |
| Depreciation of property, plant and equipment | $229.0K | $248.9K |
| Amortization | $102.9K | $102.9K |
| Finance cost interest element of promissory notes (non-cash) | $84.7K | |
| Operating lease expense | $57.4K | $42.8K |
| Impairment on property | $137.6K | |
| Impairment on assets held for sale | $4.0K | $5.9K |
| Inventories written off | $57.3K | |
| Gain on forgiveness of debts | -$163.3K | |
| Unrealized foreign exchange gain | -$218.5K | -$582.0K |
| Gain from insurance claim | -$481.5K | |
| Loss on disposal of asset held for sale | $2.9K | |
| Gain on disposal of property, plant and equipment | -$164.6K | |
| Accounts receivable | $183.4K | -$121.3K |
| Other receivables and deposits | $5.9K | -$34.9K |
| Prepayments | -$216.2K | -$20.1K |
| Inventories | $1.7K | $32.7K |
| Accounts payables | -$12.6K | -$44.4K |
| Accrued liabilities and other payables | -$394.8K | $277.5K |
| Advances (to) from director | -$207.3K | $205.6K |
| Advances to related parties | -$5.3K | -$61.2K |
| Repayment of operating lease liabilities | -$43.9K | -$38.4K |
| Net cash used in operating activities | -$3.0M | -$3.4M |
| Proceeds from disposal of assets held for sale | $943.3K | |
| Proceeds from disposal of property, plant and equipment | $948.0K | |
| Proceeds from insurance recoveries | $541.2K | |
| Withdrawal of short-term investments, net | $1.3M | $750.0K |
| Purchase of property, plant and equipment | -$378 | |
| Net cash provided by investing activities | $1.3M | $3.2M |
| Repayment to lease liabilities | -$712.1K | |
| Repayment of bank loan | -$211.4K | |
| Proceeds from issuance of Common Stock | $2.4M | $2.0M |
| Refund from cancellation of Common Stock | -$80.0K | |
| Net cash provided by financing activities | $2.4M | $979.4K |
| Net cash provided by operating, investing and financing | $771.2K | $750.8K |
| Foreign currency translation adjustment | -$5.9K | -$8.8K |
| Net change in cash and cash equivalents | $765.3K | $742.0K |
| Cash paid for interest | $16.2K | |
| Share issuance for employee compensation | $124.2K | $392.9K |
| Promissory Note to related party settled by Companys Common Stock | $675.9K |
No quarter-by-quarter statement was filed.
Corporate structure
VERDE RESOURCES, INC. sits at the top of its group. 8 entities, 3 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of VERDE RESOURCES, INC.
- Oil Berhad Borneo Filed SC 13D on VERDE RESOURCES, INC., latest Mar 21, 2023 (2 filings since Feb 28, 2023)
- VERDE RESOURCES, INC. St. Louis, Missouri
- The Wision Project Sdn Bhd Subsidiary · Malaysia
- Verde Estates LLC Subsidiary · Missouri, United States
- Verde Life Inc. Subsidiary · Oregon, United States
- Verde Plus Inc. Subsidiary · Missouri, United States
- Verde Renewables, Inc. Subsidiary · Missouri, United States
- Verde Resources (Malaysia) Sdn Bhd Subsidiary · Malaysia
- Verde Resources Asia Pacific Pte. Ltd. Subsidiary · Singapore
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What VERDE RESOURCES, 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 |
|---|---|---|---|
| Property and equipment, before depreciation | $2.1M2 Jun 30, 2026 | $1.9M2 Jun 30, 2025 | +11.5% |
| Accumulated depreciation | $747.6K2 Jun 30, 2026 | $480.8K2 Jun 30, 2025 | +55.5% |
| Property and equipment, net | $1.4M2 Jun 30, 2026 | $1.6M2 Jun 30, 2025 | −10.7% |
| Operating-lease assets (leased space) | $375.4K2 Jun 30, 2026 | $518.4K2 Jun 30, 2025 | −27.6% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $1.8M2 Jun 30, 2026 | $1.0M2 Jun 30, 2025 | +74.9% |
| Marketable securities, current | $1.3M2 Jun 30, 2025 |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Finite-lived intangibles, net | $33.6M2 Jun 30, 2026 | $33.5M2 Jun 30, 2025 | +0.4% |
Inventory
| Item | Latest | A year before | Change |
|---|---|---|---|
| Inventory, total | $228.5K2 Jun 30, 2026 | $284.6K2 Jun 30, 2025 | −19.7% |
| Finished goods | $22.7K2 Jun 30, 2026 | $77.4K2 Jun 30, 2025 | −70.7% |
Properties, in its own words
Our current corporate and executive office is located at 8112 Maryland Ave, Suite 400, St. Louis, Missouri 63105, telephone number (314) 530-9071. We have entered into a new lease agreement for our future corporate headquarters located at 7800 Forsyth Ave., Suite 850, St. Louis, Missouri 63105, with an anticipated move-in date of October 1, 2026. Upon completion of the relocation, the new facility will replace our existing headquarters at 8112 Maryland Ave.
We believe that our existing facilities and planned future headquarters are adequate to support our current operations and anticipated growth initiatives. We will continue to evaluate our facility requirements as our business evolves.
The rest of Item 2
We currently lease the following real properties:
Location · Rent / Own · Mortgage / Lease Terms · Use
St. Louis, Missouri (8112 Maryland Ave, Suite 400) · Rent · October 31, 2026 · Current corporate Headquarters
St. Louis, Missouri (7800 Forsyth Ave., Suite 850) · Rent · September 30, 2031 · Future Corporate Headquarters (1)
St. Louis, Missouri · Rent · June 23, 2027 · Corporate Housing
Jalan Silam, Sabah, Borneo Malaysia · Rent · December 21, 2027 · BioFraction Factory Site
(1) · New corporate headquarters office lease signed June 24, 2026 and effective October 1, 2026.
Item 2 of the 10-K filed Sep 14, 2026.5
Leadership
Who has led VERDE RESOURCES, INC., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
- Chief executive officerStephen Spalding Jul 25, 2011 to Jul 25, 201117
- Chief financial officerSherina Shih Yuen Chui Sep 11, 2025 to now18
- Chief operating officerEric Joseph Bava Aug 18, 2025 to now19
Board members and other officers (6)
- Chief Growth OfficerJeremy P. Concannon Aug 28, 2025 to now20
- Board memberEric Joseph Bava Aug 18, 2025 to now19
- Board memberKarl Strahl Aug 18, 2025 to now21
- Board memberRaymond Lee Powell Aug 28, 2025 to now22
- Board memberMichael Stiege Jul 25, 2011 to Jul 25, 201123
- Board memberStephen Spalding Jul 25, 2011 to Jul 25, 201117
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- The Wision Project Sdn Bhd Malaysia4
- Verde Estates LLC Missouri4
- Verde Life Inc. Oregon4
- Verde Plus Inc. Missouri4
- Verde Renewables, Inc. Missouri4
- Verde Resources (Malaysia) Sdn Bhd Malaysia4
- Verde Resources Asia Pacific Pte. Ltd. Singapore4
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Timeline
- Oct 9, 20268-K Change of auditor24
- Aug 31, 20268-K Other events25
- Jul 6, 20268-K Entered a material agreement; Other events26
- May 11, 20268-K Executive or director change27
- Apr 2, 20268-K Other events28
- Mar 19, 20268-K Entered a material agreement29
- Feb 27, 20268-K Shareholder vote30
- Jan 5, 20268-K Other events31
- Nov 4, 20258-K Entered a material agreement; Unregistered sale of shares; Other events32
- Oct 14, 20258-K Entered a material agreement; Other events33
- Aug 29, 20258-K Entered a material agreement34
- Jul 28, 20258-K Other events35
- Jul 25, 2011New chief executive Stephen Spalding becomes CEO17
Filings
141 filings to the SEC since October 2021: 8 annual reports, 15 quarterly reports, 78 major events, 11 insider forms, 2 large holders, 27 other. The latest 20:
- Oct 9, 20268-K EDGAR
- Sep 14, 202610-K EDGAR
- Aug 31, 20268-K EDGAR
- Aug 5, 2026S-1/A EDGAR
- Jul 31, 20265 EDGAR
- Jul 6, 20268-K EDGAR
- Jun 26, 20264 EDGAR
- Jun 3, 202610-K/A EDGAR
- May 13, 202610-Q EDGAR
- May 11, 20268-K EDGAR
- Apr 2, 20268-K EDGAR
- Mar 19, 20268-K EDGAR
- Feb 27, 20268-K EDGAR
- Feb 17, 20264 EDGAR
- Feb 17, 202610-Q EDGAR
- Jan 20, 2026DEF 14A EDGAR
- Jan 9, 2026PRE 14A EDGAR
- Jan 5, 20268-K EDGAR
- Dec 23, 2025S-1 EDGAR
- Nov 19, 202510-Q EDGAR
The 141 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
4 open-market trades by officers, directors and large owners since October 2021: 3 buys and 1 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Mar 10, 2025 | Wong JackChief Executive Officer | Buy | 99,942,717 | $0.07 | $7.0M | Form 4 |
| Mar 10, 2025 | Bava Eric JosephChief Operating Officer | Buy | 199,885,434 | $0.07 | $14.0M | Form 4 |
| Mar 10, 2025 | Wong JackChief Executive Officer | Buy | 99,942,717 | $0.07 | $7.0M | Form 4 |
| Mar 15, 2023 | Borneo Oil Berhad10% owner | Sale | 31,000,000 | $1,705,000.00 | $52.9T | 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.
- Oil Berhad BorneoSC 13D, 2 filings Feb 28, 2023 to Mar 21, 202336
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.
SEC filer profile
How VERDE RESOURCES, INC. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARVERDE RESOURCES, INC.1
- CIK0001506929
- Employer ID (EIN)32-04578385
- Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; a shell company5
- Incorporated inNevada5
- Fiscal year endsJune 301
- Industry code (SIC)1040 Gold and Silver Ores1
- SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
- Business address8112 Maryland Ave, Suite 400, St. Louis, MO 631051
- Phone(314) 530-90711
- Shares outstanding1,304,292,407 shares as of Sep 14, 20265
- Public float$42.3M as of Dec 31, 20255
- AuditorJ&S Associate PLT, Kuala Lumpur, Malaysia PCAOB ID 6743; no auditor attestation of internal control over financial reporting5
- On EDGAR sinceDec 2, 20101
- Filings271 in all: 8-K (90), 10-Q (45), NT 10-Q (27), 10-K (16), 8-K/A (15), UPLOAD (13), 4 (9), 3 (8)1
All 26 form types
NT 10-K (8), 5 (6), CORRESP (6), SC 13D (5), S-1/A (4), 10-K/A (3), 10-Q/A (2), S-1 (2), SC 13D/A (2), SC 14F1 (2), 424B2 (1), 8-A12G (1), DEF 14A (1), DEF 14C (1), DRS (1), EFFECT (1), PRE 14A (1), PRE 14C (1)
- Latest filingsAnnual report (10-K) Sep 14, 2026
Quarterly report (10-Q) May 13, 2026
Proxy statement (DEF 14A) Jan 20, 2026
Latest 8-K (8-K) Oct 9, 2026
Risk factors and legal proceedings
The risks VERDE RESOURCES, INC. names in Item 1A of its 10-K filed Sep 14, 2026: 49 risks under these headings, as written.5
- Risks Related to Our Business and Industry
- Our current business has a limited operating history, and we continue to refine our business model, which makes it difficult to evaluate and compare our past performance with future prospects. Therefore, it is difficult to assess our ability to generate future revenue and earnings, making an investment in our company speculative.
- We have a history of operating losses and may never achieve cash flow positive or profitable results of operations.
- We are highly dependent on our relationship with Ergon, and our failure to successfully commercialize our products through Ergon could materially adversely affect our business.
- We are substantially dependent upon BSL for our supply of engineered biochar in the United States. Any loss of such supply, or breach by us of the agreements governing the supply to us of engineered biochar, could have a material adverse effect on our business.
- We are dependent on third-parties for the production of end-products containing our technologies, and the inability to perform by, or loss of, these third-parties would have a material adverse effect on our business, financial condition and results of operations.
- The generation of certified carbon credits through our proprietary technologies and asphalt applications is an untested business model, and the market for carbon credits is immature, highly volatile, and subject to rapid regulatory and commercial change.
- Our memorandum of understanding with Highway in Singapore is non-binding and remains subject to pilot program validation of our engineered biochar carbon platform. We may never reach the stage of definitive documentation to commercialize our platform in Singapore.
- We have not funded certain amounts required under our agreement with C-Twelve, and C-Twelve may assert that we are in breach of the agreement, which could result in disputes, additional costs or other adverse consequences.
- We will depend upon a select number of customers for a significant portion of our revenue for the foreseeable future. Any failure or delay in payments by these customers would have a material adverse effect on our revenues and financial condition.
- Our future operating results are difficult to predict and may vary significantly from quarter to quarter, which may adversely affect the price of our Common Stock.
- We may not enter into an exclusive license agreement with Nature Plus Inc for the TerraZyme technology.
The other 38 risks
- Our business depends on activity within the construction industry, which can be cyclical.
- We operate in a competitive industry where many companies are larger and better capitalized than we are.
- Adverse public policy, economic, social and political situations in any country in which we operate could lead to a number of risks including health and safety risks for our people, a fall in demand for our products, business interruption and/or restrictions on repatriation of earnings.
- We and our licensees or customers may be unable to respond in a timely and cost-effective manner to changes in consumer preferences.
- We are dependent on certain key personnel and loss of these key personnel could have a material adverse effect on our business, financial condition and results of operations.
- We may not be able to protect our proprietary technology and may become subject to intellectual property claims or litigation.
- We face the risk of product liability claims that could be expensive, divert management’s attention and harm our reputation and business.
- Our products may become subject to recall.
- Legal requirements and governmental policies concerning the environment, health and safety and other areas of the law, as well as litigation relating to these matters, could affect our businesses and expose us to the risk of material environmental liabilities.
- Future integrations of acquisitions of or combinations with other businesses may not be as successful as previous acquisitions and combinations.
- The inability to obtain raw materials from suppliers in a timely manner would adversely affect our and our licensees’ ability to offer our products.
- Asphalt is sensitive to supply and price volatility.
- We are subject to the many risks of doing business internationally, including but not limited to the difficulty of enforcing liabilities in foreign jurisdictions.
- We will need to raise capital to satisfy our capital needs and grow our company. Future capital needs will require us to sell additional equity or debt securities that will dilute or subordinate the rights of our common stockholders, and our inability to raise capital when needed could cause our business to fail.
- Failure to comply with the U.S. Foreign Corrupt Practices Act could subject us to penalties and other adverse consequences.
- Changes in U.S. climate policy may adversely affect the demand for our solutions and our business prospects.
- If we fail to continue developing and improving upon our sustainable products, we may fall behind our competitors and our financial performance may be adversely impacted.
- We contract with third parties for the manufacture of our technologies and expect to continue to do so for additional years. This reliance on third parties increases the risk that we will not have sufficient quality and quantities of products or such quantities at an acceptable cost, which could delay, prevent or impair our business development.
- A number of our projects/contracts are complex, spanning multiple parties, years and/or products, and our future financial results may be adversely affected if we incorrectly forecast project budgets, deliver projects that do not meet contracted standards, or fail to deliver on time.
- Changes in interest rates could negatively impact our results of operations, stockholders’ equity (deficit) and fair value of net assets.
- We may be exposed to risks relating to management’s conclusion that our disclosure controls and procedures and internal controls over financial reporting are ineffective.
- We have identified material weaknesses in our internal control over financial reporting. If we are unable to remediate these weaknesses or otherwise fail to establish and maintain proper and effective internal controls, our ability to produce timely and accurate financial statements could be impaired, which could adversely affect our operating results, our ability to operate our business, our stock price and access to the capital markets.
- We do not carry business interruption insurance so we could incur unrecoverable losses if our business is interrupted.
- If we are unable to protect the confidentiality of our trade secrets, our business and competitive position would be harmed.
- Delays or interruptions in shipping products of our businesses could affect our operations.
- Risks Related to Our Common Stock
- We may not be successful in obtaining or maintaining a listing of our Common Stock on Nasdaq, which could adversely affect our business, financial condition and ability to raise capital.
- We will very likely be required to implement a reverse stock split in connection with a Nasdaq listing, which could adversely affect the market price and liquidity of our Common Stock.
- Actions we may take to satisfy Nasdaq listing requirements could result in dilution to existing stockholders.
- Our Common Stock currently qualifies as a “penny stock.” The rules imposed on the sale of the shares may affect your ability to resell any shares you may purchase, if at all.
- Market for penny stock has suffered in recent years from patterns of fraud and abuse
- An active market for our Common Stock may never develop, and we are under no obligation to seek out a more active market for our Common Stock.
- The market price for our Common Stock may be volatile and will fluctuate.
- We will be unable and are unlikely to pay dividends for the foreseeable future.
- Our future results may vary significantly, which may adversely affect the price of our Common Stock.
- We are a “smaller reporting company” under the JOBS Act, and we cannot be certain if the reduced disclosure requirements applicable to smaller reporting companies will make our Common Stock less attractive to investors.
- If securities or industry analysts do not publish research or reports about our business, or if they publish a negative report regarding our Common Stock, the price of our Common Stock and trading volume could decline.
- Unanticipated changes in effective tax rates or adverse outcomes resulting from examination of our income or other tax returns could adversely affect our financial condition and results of operations.
- Anti-takeover provisions in Nevada law could discourage, delay or prevent a change in control of our company and may affect the trading price of our Common Stock.
Legal proceedings
From time to time, we may be involved in various legal proceedings and claims arising in the ordinary course of business. Management believes that the dispositions of these matters, individually or in the aggregate, are not expected to have a material adverse effect on our financial condition. However, depending on the amount and timing of such disposition, an unfavorable resolution of some or all of these matters could materially affect the future results of operations or cash flows in a particular year. We are not involved in any material legal proceedings, nor are we aware of any legal proceedings threatened or in which any director or officer or any of their affiliates is a party adverse to our company or has a material interest adverse to us.
The opening of Item 3, Legal Proceedings.5
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
- 13
- 14
- 15
- 16
- 17
- 18
- 19
- 20
- 21SEC EDGARKarl Strahl, Board member
- 22SEC EDGARRaymond Lee Powell, Board member
- 23SEC EDGARMichael Stiege, Board member
- 24SEC EDGARChange of auditor
- 25SEC EDGAROther events
- 26
- 27SEC EDGARExecutive or director change
- 28SEC EDGAROther events
- 29SEC EDGAREntered a material agreement
- 30SEC EDGARShareholder vote
- 31SEC EDGAROther events
- 32
- 33
- 34SEC EDGAREntered a material agreement
- 35SEC EDGAROther events
- 36
- 37