BeLive Holdings(BLIV) - 2024 Q4 - Annual Report
2025-05-15 20:22
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 333-280739 BELIVE HOLDINGS (Exact name of Registrant as specified in its charter) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2024 ...
Chijet Motor pany(CJET) - 2024 Q4 - Annual Report
2025-05-15 20:21
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 19 ...
Pineapple Energy (PEGY) - 2025 Q1 - Quarterly Report
2025-05-15 20:21
Financial Performance - Sales for the three months ended March 31, 2025, were $12.64 million, a decrease of 4.4% compared to $13.22 million for the same period in 2024[15]. - Gross profit for Q1 2025 was $4.43 million, down from $4.81 million in Q1 2024, reflecting a decrease of 7.2%[15]. - Operating loss for the three months ended March 31, 2025, was $2.17 million, slightly improved from a loss of $2.18 million in Q1 2024[15]. - Net loss attributable to common shareholders for Q1 2025 was $3.50 million, compared to a net loss of $10.12 million in Q1 2024, indicating a significant reduction in losses[15]. - Basic net loss per share for Q1 2025 was $106.71, compared to $38,414.84 for Q1 2024, reflecting the impact of reverse stock splits[15]. - Total revenues for SUNation were $9,544,554 in Q1 2025, down from $9,752,970 in Q1 2024, reflecting a decrease of 2.1%[74]. - For the three months ended March 31, 2025, SUNation reported residential contract revenues of $7,896,122, a decrease of 2.9% from $8,131,708 in the same period of 2024[74]. - Commercial contract revenues increased to $1,275,888 in Q1 2025 from $997,193 in Q1 2024, representing a growth of 28%[74]. - Net loss before income taxes for Q1 2025 was $(3,481,817), compared to a net income of $1,208,813 in Q1 2024, highlighting a significant decline in profitability[152]. - Selling, general and administrative expenses for Q1 2025 totaled $6,039,298, compared to $6,629,027 in Q1 2024, indicating a reduction in overhead costs[151]. Assets and Liabilities - Total assets decreased to $44.43 million as of March 31, 2025, from $45.71 million as of December 31, 2024, representing a decline of approximately 2.8%[10]. - Total current liabilities decreased to $20.27 million as of March 31, 2025, from $27.16 million as of December 31, 2024, a reduction of approximately 25.5%[10]. - The company reported cash and cash equivalents of $1.45 million as of March 31, 2025, up from $839,268 as of December 31, 2024, an increase of approximately 72.5%[10]. - Inventories decreased to $2.51 million as of March 31, 2025, from $2.71 million as of December 31, 2024, a decline of approximately 7.2%[10]. - The balance of accumulated deficit as of March 31, 2025, was $(46,395,478), an increase from $(25,850,588) as of March 31, 2024[18]. Capital and Financing Activities - The company raised $9,473,398 from the issuance of common stock and pre-funded warrants under a registered direct offering during the three months ended March 31, 2024[22]. - The company raised approximately $20.0 million in aggregate gross proceeds from a securities offering, with $5 million from the second tranche closing on April 7, 2025[168]. - The company issued 9,825 shares of common stock under a registered direct offering, netting $8,481,892[17]. - The At the Market Offering Agreement allows the Company to sell up to $10,000,000 in common stock, with 762 shares sold for gross proceeds of $362,269 during the three months ended March 31, 2025[136]. - The Company executed a reverse stock split at a 1-for-50 ratio on October 1, 2024, reducing outstanding shares from 67,260,696 to 1,344,841[33]. - A subsequent reverse stock split at a 1-for-200 ratio was approved on April 3, 2025, reducing outstanding shares from 672,799,910 to 3,406,614[39]. - The Company increased its authorized shares to 1,000,000,000 as part of the April 2025 reverse stock split approval[36]. Debt and Interest Obligations - The loan payable to Hercules Capital, Inc. was originally $7,500,000, with an interest rate of 10%, and was due on December 31, 2024, after amendments to the Term Loan Agreement[80][81]. - The Term Loan Agreement was amended on May 31, 2023, resulting in a remaining balance of $3,375,742, with a new maturity date of June 2, 2027, and an interest rate of 10%[82]. - The Company recorded a loss on extinguishment of debt of $455,308 upon full repayment of the Term Loan on March 3, 2025[85]. - The Company recorded interest and accretion expense of $33,312 for the three months ended March 31, 2025, compared to $0 for the same period in 2024[105]. - Interest paid increased to $1,077,033 from $416,504 in the previous year[22]. Strategic Initiatives - The company’s strategy focuses on acquiring and integrating leading local and regional solar, storage, and energy services companies nationwide[26]. - The company aims to expand its operations by acquiring and integrating leading local and regional solar, storage, and energy services companies nationwide[26]. - The company plans to raise capital through public or private equity offerings, debt financings, and/or strategic alliances[166]. Accounting and Compliance - The Company is currently evaluating the impact of new accounting standards issued by the FASB, including ASU 2023-06 and ASU 2023-09, which may affect its consolidated financial statements[69][71]. - The effective income tax rate from continuing operations was (0.4%) for the three months ended March 31, 2025, differing from the federal tax rate of 21% due to state income taxes[145]. - The Company’s segment structure now includes distinct reportable segments for SUNation and Hawaii Energy Connection (HEC) due to changes in economic forecasts[148]. Market and Operational Challenges - The company received a Nasdaq delisting notice on April 11, 2025, due to not maintaining a minimum closing bid price of $1.00 per share[172]. - The company has substantial doubt about its ability to continue as a going concern, requiring additional capital resources[165].
Toppoint Holdings Inc(TOPP) - 2025 Q1 - Quarterly Results
2025-05-15 20:20
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) May 15, 2025 ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ ...
Edible Garden AG rporated(EDBL) - 2025 Q1 - Quarterly Report
2025-05-15 20:20
[PART I — FINANCIAL INFORMATION](index=2&type=section&id=PART%20I%20%E2%80%94%20FINANCIAL%20INFORMATION) [Financial Statements (Unaudited)](index=2&type=section&id=Item%201.%20Financial%20Statements%20(Unaudited)) The unaudited statements for Q1 2025 show decreased assets, a net loss of $3.3 million, and raise substantial doubt about its going concern status [Condensed Consolidated Balance Sheets](index=2&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Total assets decreased to $8.5 million and stockholders' equity fell to $1.9 million as of March 31, 2025 Condensed Consolidated Balance Sheet Highlights (in thousands) | Account | March 31, 2025 | December 31, 2024 | Change | | :--- | :--- | :--- | :--- | | **Assets** | | | | | Cash | $409 | $3,530 | ($3,121) | | Total Current Assets | $4,228 | $7,377 | ($3,149) | | Total Assets | $8,535 | $11,915 | ($3,380) | | **Liabilities & Equity** | | | | | Total Current Liabilities | $5,183 | $6,210 | ($1,027) | | Total Liabilities | $6,617 | $7,821 | ($1,204) | | Total Stockholders' Equity (Deficit) | $1,918 | $4,094 | ($2,176) | [Condensed Consolidated Statements of Operations](index=3&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) Revenue declined 13.2% in Q1 2025, but a reduced net loss of $3.3 million was achieved due to lower operating expenses Condensed Consolidated Statements of Operations (in thousands) | Metric | Q1 2025 | Q1 2024 | Change | | :--- | :--- | :--- | :--- | | Revenue | $2,718 | $3,132 | -13.2% | | Cost of goods sold | $2,630 | $3,109 | -15.4% | | Gross profit | $88 | $23 | +282.6% | | Selling, general and administrative expenses | $3,015 | $3,884 | -22.4% | | Loss from operations | ($2,926) | ($3,861) | +24.2% | | Net Loss | ($3,324) | ($3,977) | +16.4% | | Net Loss per common share - basic and diluted | ($2.47) | ($341.14) | N/A | [Condensed Consolidated Statements of Stockholders' Equity (Deficit)](index=4&type=section&id=Condensed%20Consolidated%20Statements%20of%20Stockholders'%20Equity%20(Deficit)) Stockholders' equity decreased to $1.9 million in Q1 2025, driven by a $3.3 million net loss offset by $1.1 million in stock sale proceeds - In Q1 2025, the company issued 221,132 shares through its Equity Distribution Agreement, raising **net proceeds of $1.148 million**[17](index=17&type=chunk) - The **accumulated deficit increased by $3.324 million** during the quarter, reaching a total of $44.635 million as of March 31, 2025[17](index=17&type=chunk) [Condensed Consolidated Statements of Cash Flows](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Net cash used in operations increased significantly to $3.3 million, resulting in a quarter-end cash balance of only $0.4 million Cash Flow Summary (in thousands) | Activity | Three Months Ended March 31, 2025 | Three Months Ended March 31, 2024 | | :--- | :--- | :--- | | Net Cash Used in Operating Activities | ($3,332) | ($1,059) | | Net Cash Used in Investing Activities | ($68) | ($55) | | Net Cash Provided by Financing Activities | $279 | $992 | | **Net Change in Cash** | **($3,121)** | **($122)** | | Cash at End of Period | $409 | $388 | [Notes to Unaudited Condensed Consolidated Financial Statements](index=6&type=section&id=Notes%20to%20Unaudited%20Condensed%20Consolidated%20Financial%20Statements) The notes detail significant risks, including customer concentration, going concern doubts, and major subsequent events like an asset purchase - The company has undergone multiple reverse stock splits, including a **1-for-20 split in April 2024** and a **1-for-25 split in March 2025**[26](index=26&type=chunk) - For the three months ended March 31, 2025, four customers accounted for approximately **92.1% of total revenue**, indicating significant customer concentration risk[38](index=38&type=chunk) - Management has concluded that **substantial doubt exists about its ability to continue as a going concern** due to recurring losses and limited cash resources[32](index=32&type=chunk)[121](index=121&type=chunk)[124](index=124&type=chunk) - Subsequent to the quarter end, the company acquired sustainable aquaculture assets from NaturalShrimp Farms Inc for **$12 million**, paid via the issuance of Series B Preferred Stock[128](index=128&type=chunk)[130](index=130&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=20&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses a 13.2% revenue decrease, an improved net loss, and significant liquidity challenges that threaten its going concern status [Results of Operations](index=25&type=section&id=Results%20of%20Operations) Q1 2025 revenue fell 13.2% to $2.7 million due to a strategic product exit, while reduced SG&A expenses lowered the operating loss - The **$414 thousand decrease in revenue** was primarily attributed to the company's strategic exit from the floral and lettuce categories[174](index=174&type=chunk) - **SG&A expenses decreased by $869 thousand (22.4%)** year-over-year, mainly because prior-year severance expenses were not repeated[176](index=176&type=chunk) - **Interest expense increased significantly to $440 thousand** from $117 thousand, driven by new merchant cash advance agreements[178](index=178&type=chunk) [Liquidity and Capital Resources](index=26&type=section&id=Liquidity%20and%20Capital%20Resources) The company faces significant liquidity issues with only $409 thousand in cash and has raised capital through debt and equity offerings - The company has incurred significant losses, including a **net loss of $3.3 million in Q1 2025**, and believes existing cash will only fund operations into Q3 2025[180](index=180&type=chunk)[181](index=181&type=chunk) - To meet cash needs, the company entered into **merchant cash advance agreements**, raising net proceeds of $190,000 in February and $1.435 million in April 2025[188](index=188&type=chunk)[189](index=189&type=chunk) - The company utilized its at-the-market offering to raise **net proceeds of approximately $1.3 million**[191](index=191&type=chunk) Cash Flow Activity Summary (in thousands) | Activity | Three Months Ended March 31, 2025 | Three Months Ended March 31, 2024 | | :--- | :--- | :--- | | Cash Used for Operating Activities | $3,332 | $1,059 | | Cash Used in Investing Activities | $68 | $55 | | Cash Provided by Financing Activities | $279 | $992 | [Quantitative and Qualitative Disclosures About Market Risk](index=28&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) As a smaller reporting company, Edible Garden AG Incorporated is not required to provide the information for this item - The company is exempt from this disclosure requirement due to its status as a **smaller reporting company**[195](index=195&type=chunk) [Controls and Procedures](index=28&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that the company's disclosure controls and procedures were effective as of March 31, 2025 - The Chief Executive Officer and Interim Chief Financial Officer concluded that the company's **disclosure controls and procedures were effective** as of March 31, 2025[196](index=196&type=chunk) - **No material changes** in internal control over financial reporting occurred during the quarter[197](index=197&type=chunk) [PART II — OTHER INFORMATION](index=28&type=section&id=PART%20II%20%E2%80%94%20OTHER%20INFORMATION) [Legal Proceedings](index=28&type=section&id=Item%201.%20Legal%20Proceedings) The company is not currently involved in any material legal proceedings - Management does not believe there are any pending or threatened legal proceedings that would have a **material adverse effect** on the company[198](index=198&type=chunk) [Risk Factors](index=28&type=section&id=Item%201A.%20Risk%20Factors) The company faces a primary risk of delisting from Nasdaq due to non-compliance with stockholders' equity requirements - The company regained compliance with Nasdaq's minimum bid price rule but remains under a **discretionary panel monitor until April 8, 2026**[200](index=200&type=chunk)[201](index=201&type=chunk) - As of March 31, 2025, the company's **stockholders' equity was below the required $2.5 million** for continued listing on Nasdaq[202](index=202&type=chunk) - A **potential delisting from Nasdaq** could severely reduce stock liquidity, hinder capital raising, and damage customer confidence[205](index=205&type=chunk) [Exhibits](index=29&type=section&id=Item%206.%20Exhibits) This section lists key agreements and officer certifications filed as exhibits with the Form 10-Q - Key exhibits filed include the **Equity Distribution Agreement** and the **Standard Merchant Cash Advance Agreement** with Arin Funding[204](index=204&type=chunk) [Signatures](index=30&type=section&id=Signatures) The report was duly signed by the Chief Executive Officer and Interim Chief Financial Officer on May 15, 2025
Cardio Diagnostics (CDIO) - 2025 Q1 - Quarterly Report
2025-05-15 20:20
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: 001-41097 Cardio Diagnostics Holdings, Inc. (Exact name of registrant as specified in its charter) Delaware 87-0925574 (St ...
assetentities(ASST) - 2025 Q1 - Quarterly Report
2025-05-15 20:20
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: 001-41612 ASSET ENTITIES INC. (Exact name of registrant as specified in its charter) Nevada 88-1293236 ...
1847 LLC(EFSH) - 2025 Q1 - Quarterly Results
2025-05-15 20:20
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 15, 2025 1847 Holdings LLC | (Exact name of registrant as specified in its charter) | | | | --- | --- | --- | | Delaware | 001-41368 | 38-3922937 | | (State or other jurisdiction | (Commission File Number) | (IRS Employer | | of incorporation) | | Identification No.) | | 260 Madison Avenue, ...
Lakeside Holding Limited(LSH) - 2025 Q3 - Quarterly Results
2025-05-15 20:20
Exhibit 99.1 Lakeside Announces Fiscal 2025 Third Quarter and Nine-Month Results ITASCA, IL, May 15, 2025 (GLOBE NEWSWIRE) -- Lakeside Holding Limited ("Lakeside" or the "Company") (Nasdaq: LSH), a U.S.-based cross-border supply chain solution provider with a unique focus on the Asia-Pacific market operating through two specialized subsidiaries—American Bear Logistics and Hupan Pharmaceutical (Hubei) Co., Ltd., today announced financial results for its fiscal 2025 third quarter and nine months ended March 3 ...
Kintara Therapeutics(KTRA) - 2025 Q3 - Quarterly Results
2025-05-15 20:20
Financial Results and Updates - TuHURA Biosciences reported financial results for Q1 2025, with a focus on corporate updates[7]. - TuHURA's financial condition and operational results are detailed in the press release dated May 15, 2025[7]. - The company has not undertaken any obligation to update forward-looking statements unless required by securities laws[14]. Acquisition and Merger - The company is in the process of acquiring Kineta, Inc., with a registration statement filed on February 7, 2025[8]. - The merger with Kineta is expected to enhance TuHURA's capabilities in tumor microenvironment modulators[13]. - TuHURA is actively seeking additional capital to support the Kineta merger and its ongoing development programs[13]. - The company emphasizes the importance of reading the Joint Proxy Statement/Prospectus for detailed information regarding the merger[9]. Product Development - TuHURA's product candidate IFx-Hu2.0 is anticipated to enter Phase 3 trials, indicating progress in its development pipeline[13]. - The anticipated regulatory pathway and timing for TuHURA's development programs are outlined as part of their forward-looking statements[13]. Stock Information - TuHURA's stock is traded on The Nasdaq Capital Market under the symbol HURA[5].