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Bank of the James Financial (BOTJ) - 2025 Q1 - Quarterly Report
2025-05-15 20:26
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________ Form 10-Q ______________________ (Mark one) BANK OF THE JAMES FINANCIAL GROUP, INC. (Exact Name of Registrant as Specified in Its Charter) ______________________ (State or other jurisdiction of incorporation or organization) Virginia 001-35402 20-0500300 (Commission file number) (I.R.S. Employer Identification No.) 828 Main Street, Lynchburg, VA 24504 (Address of principal executive offices) (Zip ...
Dragonfly Energy(DFLI) - 2025 Q1 - Quarterly Results
2025-05-15 20:26
Financial Results - Dragonfly Energy Holdings Corp. reported preliminary financial results for Q1 2025 on April 23, 2025[4] - The press release detailing financial results is included as Exhibit 99.1[7] Company Classification - The company is classified as an emerging growth company under the Securities Act of 1933[3]
180 Life Sciences (ATNF) - 2025 Q1 - Quarterly Report
2025-05-15 20:25
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 ☐ 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: 001-38105 180 LIFE SCIENCES CORP (Exact name of registrant as specified in its charter) | Delaware | 90-1890354 | | --- | --- | | (St ...
Park Aerospace(PKE) - 2025 Q4 - Annual Results
2025-05-15 20:25
Financial Performance - Park Aerospace Corp. reported net sales of $16,939,000 for Q4 2025, a 3.7% increase from $16,333,000 in Q4 2024, and a 17.5% increase from $14,408,000 in Q3 2025[2] - Net earnings for Q4 2025 were $1,246,000, down 53.3% from $2,670,000 in Q4 2024, and down 21% from $1,577,000 in Q3 2025[2] - Adjusted EBITDA for Q4 2025 was $3,418,000, an increase of 6.8% from $3,201,000 in Q4 2024, and a 41.6% increase from $2,415,000 in Q3 2025[4] - Basic and diluted earnings per share for Q4 2025 were $0.06, compared to $0.13 in Q4 2024 and $0.08 in Q3 2025[6] - For the fiscal year 2025, net sales were $62,026,000, a 10.4% increase from $56,004,000 in fiscal year 2024[2] - Net earnings for the fiscal year 2025 were $5,882,000, a decrease of 21.3% from $7,473,000 in fiscal year 2024[2] - Basic and diluted earnings per share for the fiscal year 2025 were $0.29, down from $0.37 in fiscal year 2024[7] Charges and Expenses - The company recorded $1,098,000 in pre-tax charges related to storm damage during the fiscal year 2025[5] - A non-cash tax charge of $2,147,000 was recorded in Q4 2025 related to potential repatriation of undistributed foreign earnings[5] - Selling, general, and administrative expenses were $2,107,000 for the 13 weeks ended March 2, 2025, representing 12.4% of net sales[17] Assets and Liabilities - Total current assets decreased to $90,294,000 as of March 2, 2025, down from $98,845,000 as of March 3, 2024[15] - Total liabilities decreased to $14,954,000 as of March 2, 2025, compared to $19,395,000 as of March 3, 2024[15] - Shareholders' equity decreased to $107,154,000 as of March 2, 2025, from $112,914,000 as of March 3, 2024[15] - The company had cash and marketable securities of $68,834,000 as of March 2, 2025, down from $77,211,000 as of March 3, 2024[15] Product Development - Park Aerospace Corp. continues to develop advanced composite materials for the aerospace market, including film adhesives and lightning strike protection materials[12] Gross Profit and Margin - Gross profit margin improved to 29.3% for the 13 weeks ended March 2, 2025, compared to 27.3% for the same period last year[17] - The company reported a gross profit of $4,958,000 for the 13 weeks ended March 2, 2025, compared to $4,453,000 for the same period last year[17] Quarterly Performance - Total net sales for the 13 weeks ended March 2, 2025, were $16,939,000, an increase of 3.7% compared to $16,333,000 for the 14 weeks ended March 3, 2024[17] - Net earnings for the 13 weeks ended March 2, 2025, were $1,246,000, a decrease of 53.3% from $2,670,000 for the 14 weeks ended March 3, 2024[17] - Adjusted EBITDA for the 13 weeks ended March 2, 2025, was $3,418,000, an increase from $3,201,000 for the 14 weeks ended March 3, 2024[18]
CF ACQUISITION(CFFE) - 2025 Q1 - Quarterly Results
2025-05-15 20:25
XBP Europe Holdings, Inc. Reports First Quarter 2025 Results May 15, 2025 First Quarter 2025 Highlights LONDON, UK and Santa Monica, CA, May 15, 2025 (GLOBE NEWSWIRE) – XBP Europe Holdings, Inc. ("XBP Europe" or "the Company") (NASDAQ: XBP), a pan-European integrator of bills, payments, and related solutions and services seeking to enable the digital transformation of its clients, announced today its financial results for the quarter ended March 31, 2025. Exhibit 99.1 "Our strong momentum continued into 202 ...
XBP Europe (XBP) - 2025 Q1 - Quarterly Results
2025-05-15 20:25
Exhibit 99.1 XBP Europe Holdings, Inc. Reports First Quarter 2025 Results LONDON, UK and Santa Monica, CA, May 15, 2025 (GLOBE NEWSWIRE) – XBP Europe Holdings, Inc. ("XBP Europe" or "the Company") (NASDAQ: XBP), a pan-European integrator of bills, payments, and related solutions and services seeking to enable the digital transformation of its clients, announced today its financial results for the quarter ended March 31, 2025. May 15, 2025 First Quarter 2025 Highlights "Our strong momentum continued into 202 ...
China Natural Resources(CHNR) - 2024 Q4 - Annual Report
2025-05-15 20:24
Acquisition and Business Strategy - The company is in the process of acquiring Williams Minerals, which holds a mining permit for a lithium mine in Zimbabwe, with a completion date extended to December 31, 2025[16]. - The acquisition involves a 70% ownership by the controlling shareholder and a 30% ownership by a non-affiliate, contingent upon various conditions being met[16]. - The anticipated benefits of the acquisition of Williams Minerals are subject to realization uncertainties[39]. - The acquisition of Williams Minerals is conditional upon various factors, including a cash payment of US$140 million and independent technical reports on lithium resources[138]. - The company has extended the long stop date for closing the acquisition of Williams Minerals to December 31, 2025, due to ongoing conditions precedent[138]. - Future acquisitions may dilute shareholder ownership and increase debt, with no assurance of successful integration or favorable terms[141]. - The company has limited experience in acquiring businesses, which may expose it to unknown risks and liabilities[144]. - The company is exploring strategic alternatives in non-natural resources sectors, which may include identifying potential partners or acquisition targets[39]. - The company is exploring business opportunities in non-natural resource sectors in addition to its current operations[177]. Financial Performance and Risks - The company has incurred losses from operations in each of the preceding three fiscal years of 2022, 2023, and 2024, with no assurance of future profitability[68]. - The company reported a deemed distribution of RMB20.38 million (US$2.79 million) to its controlling shareholder in 2024[51]. - The company has not made any capital contributions or received dividends from its subsidiaries during the reported periods[51]. - The company faces significant regulatory risks from the PRC government, which may influence its ability to conduct business and accept foreign investments[47]. - Recent policies from the PRC government could adversely affect the company's financial condition and operations[48]. - The company has incurred operating losses of CNY24.55 million, CNY9.14 million, and RMB7.20 million (US$0.99 million) for the fiscal years 2022, 2023, and 2024 respectively[145]. - The company has faced significant non-recurring expenses related to the acquisition of PST Technology, including legal and integration costs[134]. - The company may continue to incur operational costs related to ESG compliance, which could materially impact its financial condition[133]. Regulatory Environment - The company faces significant regulatory uncertainties in China that could impact its business operations and financial condition[37]. - The company is subject to the Holding Foreign Companies Accountable Act, which may lead to delisting if audit reports are not compliant[49]. - The PRC government may intervene in the company's operations, which could limit its ability to offer securities and negatively affect their value[59]. - The company is subject to complex PRC regulations regarding offshore offerings, which may require approvals or filings that could delay or prevent capital raising efforts[64]. - The company is currently not in compliance with the Nasdaq continued listing requirements, specifically the minimum bid price requirement of $1.00 per share[166]. - The company has been granted an additional 180 calendar days until June 30, 2025, to regain compliance with the bid price requirement[166]. - The company is subject to various government regulations regarding exploration activities, and failure to comply could result in fines or suspension of business permits[128]. - The company is currently engaged solely in metal exploration and mining activities in the Inner Mongolia Autonomous Region of the PRC after the sale of its wastewater treatment segment in July 2023[175]. Currency and Economic Factors - The fluctuation of the Renminbi may materially and adversely affect the company's financial condition and investment value[59]. - Fluctuations in the Renminbi exchange rate could materially affect the company's cash flows and financial condition, especially as most operating expenses are denominated in CNY[86]. - China's economic growth has been uneven, with potential fluctuations or declines anticipated in the near future, which may adversely affect the company's financial condition and results of operations[71]. - Government measures aimed at boosting the Chinese economy could lead to higher inflation, impacting operating costs such as employee compensation and office expenses[71]. Shareholder and Corporate Governance - Mr. Li Feilie holds approximately 54.5% of the company's outstanding common shares, allowing him significant influence over shareholder votes and corporate transactions[170]. - The company has 9,865,767 common shares issued and outstanding as of the date of the annual report[160]. - The company plans to issue up to 1,487,870 common shares at a price of $2.20 per share in a registered direct offering, with gross proceeds of approximately $3.27 million expected[160]. - Up to 1,115,903 common shares may be issued upon the exercise of warrants at a per share exercise price of $3.00[159]. - The company has adopted IFRS accounting principles, which differ from U.S. GAAP, and does not provide reconciliation of these principles[153]. - The company has historically engaged in substantial related party transactions, which may not be as favorable as those with unrelated parties due to lack of independent review[157]. Market Conditions and Commodity Prices - In 2024, lead prices fluctuated between CNY15,790 (US$2,164) and CNY20,050 (US$2,747) per ton, while silver prices ranged from CNY5,743 (US$787) to CNY8,733 (US$1,197) per kg, indicating significant market volatility[127]. - The SHFE lead price fluctuated significantly in 2024, starting at CNY15,900 (US$2,179) per ton and reaching an annual high of CNY20,050 (US$2,747) per ton, closing at CNY16,765 (US$2,297) per ton, representing an annual increase of approximately 5.61%[208]. - The SHFE silver price started at CNY5,972 (US$818) per kg, peaked at CNY8,733 (US$1,197) per kg, and closed at CNY7,470 (US$1,024) per kg, reflecting an annual increase of approximately 25%[212]. - World refined lead production in 2024 was 13,029 thousand tons, while refined usage was 12,998 thousand tons, indicating a slight decrease in both production and usage compared to previous years[209]. Environmental, Social, and Governance (ESG) Considerations - ESG issues are increasingly important to stakeholders, and failure to meet evolving expectations may negatively impact the company's reputation and increase costs[130]. - The company aims to enhance overall cost effectiveness and productivity while maintaining responsible environmental practices[205]. - The company is committed to delivering long-term value to shareholders and contributing to the economic and social development of the regions where it operates[211].
AgriFORCE Growing Systems .(AGRI) - 2025 Q1 - Quarterly Report
2025-05-15 20:24
Acquisitions and Investments - The company has completed two acquisitions in the sustainable Bitcoin mining industry, now operating three facilities with a total of 1,120 BITMAIN Antminer S19j units[162]. - The acquisition of Radical Clean Solutions, Inc. was completed, increasing the company's ownership from 14% to 100%, allowing full control over RCS[196]. - The acquisition of a bitcoin mining facility in Alberta, Canada, was completed for $1.5 million, enhancing the Company's operational capabilities[207]. - A second acquisition in Ohio was made for $4.55 million, including 900 S-19 J Pro BITMAIN Antminers, with a power purchase agreement at $0.04 per kWh[208]. - The Company has entered into a $50 million financing facility with institutional investors, utilizing part of the first tranche for acquisitions[216]. - Net cash used in investing activities was $4,765,000 for the acquisition of Bald Eagle Bitcoin Mining[240]. Financial Performance - The Company reported gross sales of $71,162 from the sale of 12 hydroxyl generating devices for the three months ended March 31, 2025, with no sales recorded in the same period of 2024[231]. - Operating expenses increased by $798,789 or 59% to $2,139,789 for the three months ended March 31, 2025, primarily due to increased wages and salaries, research and development, and investor relations expenses[232]. - The Company recorded a net loss of $145,455 for the three months ended March 31, 2025, with an accumulated deficit of $60,927,574 as of the same date[233]. - Net cash used in operating activities was $2,172,409 for the three months ended March 31, 2025, compared to $1,309,334 for the same period in 2024, reflecting a decrease of $863,075[237]. - The Company held $1,351,983 in cash as of March 31, 2025, an increase from $489,868 as of December 31, 2024[234]. - Net cash provided by financing activities was $8,188,000 for the three months ended March 31, 2025, compared to $1,000,000 for the same period in 2024[241]. - The Company plans to seek additional capital through debt or equity financing to fund operations over the next twelve months, raising substantial doubt about its ability to continue as a going concern[236]. - The Company experienced a significant improvement in the fair value of derivative liabilities by $3,000,680 due to conversions and stabilizing stock prices[244]. Product Development and Commercialization - The UN(THINK) Awakened Flour™ product line has been launched, providing over five times more fiber, up to two times more protein, and 23% less net carbs compared to conventional all-purpose flour[181]. - The patented CERES-MNG process allows for the production of baking flour that has 40 times more fiber, three times more protein, and 75% less net carbohydrates than standard flour[176]. - The company is advancing the commercialization of Hydroxyl clean room systems to reduce the spread of pathogens and diseases in processing facilities worldwide[189]. - The company is focusing on expanding its product range in the US and Canada while exploring international markets for its Hydroxyl devices[189]. - The company is developing several finished product prototypes, including a line of pancake mixes, which are ready for consumer testing[171]. - The Company generated its first revenue from the sale of RCS devices in late 2023 and signed an exclusive distribution agreement for the AgriFORCE/RCS hydroxyl generating devices in Mexico[197]. - The Company plans to expand its distribution network into Latin America and Asia by 2026[199]. Bitcoin Mining Operations - The Company has entered the sustainable Bitcoin mining industry, operating three facilities with a total of 1,120 BITMAIN Antminer S19j units, powered by sustainable energy[202]. - The average cost of Bitcoin mined is approximately $41,000, with specific costs of $56,000 in Alberta and $35,100 in Ohio[214]. - The Company has increased its hashrate by over 600% through recent acquisitions, positioning itself as a leader in sustainable energy and cryptocurrency innovation[217]. - The operations in Ohio are expected to create new job opportunities and enhance food security, addressing local challenges[218][219]. - The Company holds all mined Bitcoin in cold storage with BitGo, ensuring liquidity while maintaining a long-term holding strategy[211]. Technology Integration - The company plans to integrate artificial intelligence and blockchain into its FinTech systems for commercial farmers, enhancing financing capabilities[186]. - The Company is at the development stage and anticipates needing additional financing to commercialize its technology and support growth[235].
Moatable(MTBL) - 2025 Q1 - Quarterly Report
2025-05-15 20:23
For the Quarterly Period Ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number: 001-35147 Moatable, Inc. (Exact Name Of Registrant As Specified In Its Charter) Cayman Islands Not Applicable ( ...
1847 LLC(EFSH) - 2025 Q1 - Quarterly Report
2025-05-15 20:23
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: March 31, 2025 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: 001-41368 1847 HOLDINGS LLC (Exact name of registrant as specified in its charter) Delaware 38-3922937 ...