Revenue Performance - Total revenue for Q2 2023 was $600,885, a decrease of 25.6% from $807,942 in Q2 2022, primarily due to reduced revenue from business services [127]. - Revenue from business services was $580,390 in Q2 2023, down 25.4% from $777,552 in Q2 2022, attributed to fewer completed listing service obligations [128]. - Rental revenue decreased to $20,495 in Q2 2023 from $30,390 in Q2 2022, reflecting a decline of 32.5% [130]. - Total revenue for the first half of 2023 was $1,238,620, down 10.5% from $1,383,788 in the same period of 2022, mainly due to no real estate sales in 2023 [138]. - Revenue from business services for the first half of 2023 increased to $1,195,994 from $1,132,585 in the first half of 2022, reflecting a growth of 5.6% [139]. Operating Costs and Expenses - Total operating costs and expenses were $911,944 in Q2 2023, down 18.0% from $1,112,610 in Q2 2022, leading to a slight increase in loss from operations to $311,059 [131]. - General and administrative expenses for the first half of 2023 were $1,708,823, down 11.6% from $1,932,774 in the first half of 2022 [145]. Net Income and Other Income - Net other income for Q2 2023 was $6,976,688, compared to a net other expense of $645,956 in Q2 2022, primarily due to a reversal of impairment of other investments [136]. - Net income for Q2 2023 was $6,662,516, a significant turnaround from a net loss of $952,160 in Q2 2022 [137]. - Net income for the first half of 2023 was $6,684,452, compared to a net loss of $1,962,030 in the first half of 2022, driven by reversals of impairments and reduced G&A expenses [148]. - The company recorded a net income of $6,684,452 for the six months ended June 30, 2023 [165]. Cash Flow and Financial Position - As of June 30, 2023, the company's cash balance was $2,766,462, a decrease of $1,145,073 from $3,911,535 on December 31, 2022 [162]. - Net cash used in operating activities for the six months ended June 30, 2023, was $1,094,675, compared to $1,364,723 for the same period in 2022 [165]. - Cash used in financing activities for the six months ended June 30, 2023, was $56,155, compared to $93,768 for the same period in 2022 [167]. - The company incurred an accumulated deficit of $30,924,273 as of June 30, 2023, raising substantial doubt about its ability to continue as a going concern [163]. Related Party Transactions - Related party service revenue for the six months ended June 30, 2023, totaled $584,149, an increase from $507,171 in the same period of 2022 [153]. - As of June 30, 2023, net accounts receivable due from related parties was $225,669, up from $129,292 as of December 31, 2022 [153]. - Deferred revenue from related parties decreased to $623,600 as of June 30, 2023, from $849,400 as of December 31, 2022 [153]. Lease Obligations - The future minimum rental payments under a non-cancellable operating lease in Hong Kong are approximately $166,112, due in 2023: $48,618; 2024: $97,236; and 2025: $20,258 [152]. - The future minimum lease payments under a finance lease agreement for a motor vehicle in Malaysia are approximately $21,700, due in 2023: $2,207; 2024: $4,414; 2025: $4,414; and 2026 and thereafter: $10,665 [152].

Revenue Performance - Total revenue for the three months ended March 31, 2023, was $637,735, an increase of 10.7% from $575,846 in the same period of 2022[113]. - Revenue from business services was $615,604 for the three months ended March 31, 2023, compared to $355,033 for the same period in 2022, reflecting a significant increase of 73.5%[113]. - There was no revenue generated from the sale of real estate properties for the three months ended March 31, 2023, down from $186,873 in the same period of 2022[114]. - Rental revenue decreased to $22,131 for the three months ended March 31, 2023, from $33,940 in the same period of 2022, a decline of 34.7%[115]. - Related party service revenue increased to $341,172 for the three months ended March 31, 2023, compared to $59,085 in the same period of 2022, a growth of 476.5%[127]. Operating Costs and Income - Total operating costs and expenses decreased to $969,748 for the three months ended March 31, 2023, from $1,106,549 in the same period of 2022, a reduction of 12.4%[116]. - Loss from operations improved to $332,013 for the three months ended March 31, 2023, compared to a loss of $530,703 in the same period of 2022, a decrease in loss of 37.3%[116]. - Net income for the three months ended March 31, 2023, was $21,936, a significant recovery from a net loss of $1,009,870 in the same period of 2022[122]. - General and administrative expenses were $891,564 for the three months ended March 31, 2023, slightly down from $904,139 in the same period of 2022[120]. Cash Flow and Financial Position - The cash balance as of March 31, 2023, was $3,030,128, a decrease of $881,407 from $3,911,535 on December 31, 2022[136]. - Net cash used in operating activities for the three months ended March 31, 2023, was $751,522, compared to $774,931 for the same period in 2022[139]. - Net cash used in investing activities for the three months ended March 31, 2023, was $500, compared to net cash provided of $181,466 for the same period in 2022[140]. - Net cash used in financing activities for the three months ended March 31, 2023, was $128,702, down from $172,568 in 2022[140]. - Cash used in financing activities was mainly due to advances to related parties of $328,702, offset by collections of notes receivable of $200,000[140]. Going Concern and Future Outlook - The company incurred an accumulated deficit of $37,591,591 as of March 31, 2023, raising substantial doubt about its ability to continue as a going concern[137]. - The company’s ability to continue as a going concern depends on improving profitability and financial support from major shareholders[138]. - There is no assurance that future financing will be available or on satisfactory terms, which may lead to operational restrictions or shareholder dilution[138]. - The company has sufficient cash available to meet its anticipated working capital for the next twelve months[136]. - The company recorded non-cash adjustments totaling $264,598 for the three months ended March 31, 2023, primarily from reversals of impairment and write-offs[139]. - Future minimum rental payments under leases as of March 31, 2023, are approximately $191,225, with $73,932 due in 2023[126].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 or FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission File Number 001-38308 Greenpro Capital Corp. (Exact name of registrant issuer as specified in its charter) Nevada 98-1146821 (State or o ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission File Number 001-38308 Greenpro Capital Corp. (Exact name of registrant issuer as specified in its charter) Nevada 98-1146821 (State or o ...