UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2020 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 (S ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of Each Class Trading Symbol(s) Name of Each Exchange on Which Registered Common Stock, $0.0001 par value GRNQ NASDAQ Capital Market FORM 10-Q [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2020 or [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Comm ...

PART I – FINANCIAL INFORMATION [Condensed Consolidated Financial Statements](index=4&type=section&id=Item%201.%20Condensed%20Consolidated%20Financial%20Statements.) Unaudited Q1 2020 financials show decreased assets/liabilities, increased revenue, and reduced net loss, but negative operating cash flow and working capital deficiency raise going concern doubts [Condensed Consolidated Balance Sheets](index=4&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of March 31, 2020, total assets and liabilities decreased, leading to a decline in stockholders' equity and a **$2.22 million** working capital deficiency Condensed Consolidated Balance Sheet Highlights (in U.S. dollars) | Balance Sheet Item | March 31, 2020 (Unaudited) | December 31, 2019 | | :--- | :--- | :--- | | **Total Current Assets** | $1,051,315 | $1,798,245 | | **Total Assets** | $7,751,302 | $8,884,453 | | **Total Current Liabilities** | $3,269,285 | $3,876,271 | | **Total Liabilities** | $4,673,450 | $5,530,612 | | **Total Stockholders' Equity** | $3,077,852 | $3,353,841 | - **$2,217,970** working capital deficiency as of March 31, 2020, raises substantial doubt about going concern[12](index=12&type=chunk) [Condensed Consolidated Statements of Operations and Comprehensive Loss](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations%20and%20Comprehensive%20Loss) Q1 2020 saw total revenues increase by **76.7%** to **$816,541**, significantly narrowing the loss from operations to **$233,507** and reducing net loss to **$243,215** Statement of Operations Summary (Three Months Ended March 31) | Metric | 2020 | 2019 | Change (%) | | :--- | :--- | :--- | :--- | | **Total Revenues** | $816,541 | $462,048 | +76.7% | | Service Revenue | $793,713 | $433,059 | +83.3% | | **Loss from Operations** | ($233,507) | ($690,496) | -66.2% | | **Net Loss** | ($242,515) | ($561,889) | -56.8% | | **Net Loss per Share** | ($0.00) | ($0.01) | N/A | [Condensed Consolidated Statements of Cash Flows](index=8&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Q1 2020 saw net cash used in operating activities at **$572,935**, with a net cash inflow from financing activities, resulting in a **$577,525** decrease in total cash Cash Flow Summary (Three Months Ended March 31) | Cash Flow Activity | 2020 | 2019 | | :--- | :--- | :--- | | **Net cash used in operating activities** | ($572,935) | ($623,578) | | **Net cash used in investing activities** | ($24,887) | ($60,814) | | **Net cash provided by (used in) financing activities** | $22,661 | ($38,364) | | **Net Change in Cash** | ($577,525) | ($719,733) | | **Cash, End of Period** | $679,214 | $1,452,315 | [Notes to Condensed Consolidated Financial Statements](index=9&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) Notes detail accounting policies, business operations, a 'going concern' warning, COVID-19 impact, revenue disaggregation, and Yabez subsidiary deconsolidation - Financial condition, including a net loss of **$242,515** and a working capital deficiency of **$2,217,970** in Q1 2020, raises substantial doubt about going concern[12](index=12&type=chunk) - The COVID-19 pandemic has negatively impacted the global economy and could adversely affect service demand, with unpredictable full magnitude[14](index=14&type=chunk) - On February 29, 2020, the company sold its **60%** interest in Yabez subsidiary for **$1**, incurring a **$727** loss on disposal[70](index=70&type=chunk)[71](index=71&type=chunk) Revenue by Service Line (Q1 2020 vs Q1 2019) | Service Line | Q1 2020 | Q1 2019 | | :--- | :--- | :--- | | Corporate advisory – Non-listing services | $451,713 | $433,059 | | Corporate advisory – Listing services | $342,000 | $0 | | Rental of real estate properties | $22,828 | $28,989 | | **Total revenue** | **$816,541** | **$462,048** | [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=24&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management attributes Q1 2020 revenue growth and reduced operating loss to business services, but weak liquidity and working capital deficiency raise going concern doubts, noting the Yabez subsidiary sale [Results of Operations](index=24&type=section&id=Results%20of%20Operations) Q1 2020 total revenue grew to **$816,541** driven by an **83.3%** increase in service business revenue, while operating costs decreased, significantly reducing net loss to **$242,515** Comparison of Operations (Three Months Ended March 31) | Metric | 2020 | 2019 | | :--- | :--- | :--- | | **Total Revenues** | $816,541 | $462,048 | | Service Business Revenue | $793,713 | $433,059 | | **Total Operating Costs & Expenses** | $1,050,048 | $1,152,544 | | **Net Loss** | ($242,515) | ($561,889) | [Liquidity and Capital Resources](index=29&type=section&id=Liquidity%20and%20Capital%20Resources) Precarious liquidity, with cash at **$679,214**, net loss, negative operating cash flow, and a **$2.2 million** working capital deficiency, raises substantial doubt about going concern - Cash balance decreased from **$1,256,739** at December 31, 2019, to **$679,214** at March 31, 2020[108](index=108&type=chunk) - Going concern ability depends on improving profitability and securing financial support from shareholders or external financing[110](index=110&type=chunk) - Net cash used in operating activities was **$572,935** for Q1 2020, primarily due to net loss and decreases in accounts payable and deferred revenue[112](index=112&type=chunk) - Total revenue increased by **$354,493** in Q1 2020 compared to Q1 2019, primarily due to increased business services revenue[81](index=81&type=chunk) - Loss from operations decreased from **$690,496** in Q1 2019 to **$233,507** in Q1 2020, mainly due to increased service revenue[84](index=84&type=chunk) - Going concern is in doubt due to a net loss of **$242,515**, negative operating cash flow of **$572,935**, and a working capital deficiency of **$2,217,970** as of March 31, 2020[109](index=109&type=chunk) - On February 29, 2020, the company sold its **60%** interest in the Yabez subsidiaries due to continuing losses[92](index=92&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=30&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk.) The company is exempt from providing quantitative and qualitative disclosures about market risk due to its status as a 'smaller reporting company' - The company is exempt from providing quantitative and qualitative disclosures about market risk as a 'smaller reporting company'[116](index=116&type=chunk) [Controls and Procedures](index=30&type=section&id=Item%204.%20Controls%20and%20Procedures.) Management concluded that disclosure controls and procedures were effective as of March 31, 2020, with no material changes in internal control over financial reporting during the quarter - Management concluded that disclosure controls and procedures were effective as of March 31, 2020[117](index=117&type=chunk) - No material changes in internal control over financial reporting occurred during the quarter[118](index=118&type=chunk) PART II — OTHER INFORMATION [Legal Proceedings](index=31&type=section&id=Item%201.%20Legal%20Proceedings.) The company is not aware of any material, active, or pending legal proceedings against it - No material, active, or pending legal proceedings are against the company[122](index=122&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=31&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds.) No unregistered sales of equity securities were reported during the period - None reported[123](index=123&type=chunk) [Defaults Upon Senior Securities](index=31&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities.) The company reported no defaults upon senior securities - None reported[123](index=123&type=chunk) [Exhibits](index=31&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the report, including required certifications by principal executive and financial officers - The report includes certifications from the principal executive and financial officers under Rule 13(a)-14(a)/15(d)-14(a) and Section 1350[121](index=121&type=chunk)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of Each Class Trading Symbol(s) Name of Each Exchange on Which Registered Common Stock, $0.0001 par value GRNQ NASDAQ Capital Market FORM 10-K [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 or [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Comm ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2019 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 (S ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2019 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 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2019 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 (State or other j ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For The fiscal year ended December 31, 2018 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 ...