Privacy Enhancement - The process involves using onramps to deposit funds onto Solana or other chains [1] - Zashi is used to bridge funds to Zcash (ZEC) [1] - ZEC is shielded for a period of time to enhance privacy [1] - Funds are then transferred to another network via a bridge like NEAR bridge [1] - This process aims to create a new wallet with zero traceability [1]

Core Insights - There is a significant gap between the industry's intentions regarding traceability and their actual actions, with 63% of executives recognizing it as a strategic advantage but only 44% actively tracing goods [2]. Group 1: Industry Intentions and Actions - 63% of industry executives view traceability as a strategic advantage, yet only 44% are actively tracing goods, indicating a disconnect between intention and action [2]. - 56% of executives either have a plan but are not tracing goods or have no plan at all, highlighting a lack of proactive measures in the industry [2]. Group 2: Key Drivers of Traceability - The primary motivation for traceability investments is to protect brand reputation, cited by 40% of respondents, followed by consumer demand for transparency and regulatory pressures [3]. - The need for compliance preparedness is becoming increasingly critical as regulations evolve [3]. Group 3: Legislative Impact - The Uyghur Forced Labor Prevention Act (UFLPA) has significantly influenced the industry's approach to traceability, making it a business necessity rather than a luxury [4]. - U.S. Customs and Border Protection reported a 25% increase in shipment detentions between 2023 and 2024, with apparel, footwear, and textiles seeing a 33.4% rise in detentions, underscoring the urgency for compliance [4]. Group 4: Global Regulatory Landscape - The crackdown on forced labor is not limited to the U.S.; the UK and EU are also implementing stringent regulations, such as the Transparency in Supply Chain Act and the Forced Labour Regulation [5]. - Companies are facing increasing due diligence requirements from regulations like the Corporate Sustainability Due Diligence Directive (CSDDD) and the Corporate Sustainability Reporting Directive (CSRD) [5]. Group 5: Supply Chain Visibility - Upcoming EU legislation will require digital product passports, necessitating companies to have comprehensive knowledge of their supply chains [6]. - Only 46% of surveyed companies have visibility into Tier 4, the raw material stage, indicating a significant gap in supply chain transparency [6]. - Cotton is the most commonly traced raw material, reflecting heightened scrutiny in this area due to regulations like the UFLPA [6].

Cryptocurrency Privacy Enhancement - The process involves using an onramp to a blockchain like Solana [1] - Funds are then bridged to Zcash (ZEC) using a tool like Zashi [1] - The ZEC is shielded for a period of time [1] - A portion of the shielded ZEC is then bridged to another network via Near Bridge [1] - This process aims to create a new wallet with zero traceability [1]

Financial Data and Key Metrics Changes - For the fiscal year ending June 30, 2025, total revenue increased by 11% from $20.5 million to $22.6 million [5] - Recurring revenue rose by 10% to $22.3 million, with setup fees increasing from $95,000 in fiscal 2024 to over $300,000 in fiscal 2025 [5] - Total operating expenses increased by 6%, primarily due to investments in RTN and other development costs [5] - Fiscal year income from operations increased by 24% to $6.2 million, while GAAP net income rose by 17% to $7 million [7] - Earnings per share for fiscal year 2025 was $0.36 basic and $0.35 diluted, reflecting a year-over-year EPS growth of 21% [8] - Cash from operations increased by 21% from $7 million to $8.4 million, and total cash rose by 14% from $25.2 million to $28.6 million [8] Business Line Data and Key Metrics Changes - Annual recurring revenue continues to represent between 98% and 99% of total revenue, indicating strong stability in recurring income [8] - The increase in deferred revenue was 30%, from $2.4 million to $3.2 million, indicating future revenue growth [12] Market Data and Key Metrics Changes - The company is experiencing growth across all lines of business, including compliance and supply chain, not just traceability [11] - The traceability initiative has expanded the target market significantly, allowing the company to engage with smaller accounts effectively [19] Company Strategy and Development Direction - The company's strategy focuses on growing annual recurring revenue between 10% to 20% while increasing profitability at a faster rate [4] - The management emphasizes a customer-centric approach, ensuring exceptional service to drive further sales [15] - The company aims to enhance its contribution margin from approximately 50% towards 80% through investments in automation and efficiency [15] Management's Comments on Operating Environment and Future Outlook - Management remains confident in the company's growth trajectory, expecting to double the size of the company over the next several years [10] - The company is adapting to market changes and regulatory requirements, particularly in traceability, which is seen as a significant growth opportunity [26] Other Important Information - The company has zero bank debt and has been actively returning capital to shareholders through share buybacks and dividends [16][17] - The capital allocation strategy includes redeeming preferred shares and increasing common stock dividends [17] Q&A Session Summary Question: Did you change your pricing or billing strategy? - The company has not fundamentally changed its pricing or billing strategy but has found that automation allows them to effectively serve smaller accounts as well as larger ones [30][31] Question: How have tariffs impacted your business? - Currently, tariffs have not significantly impacted the business, but there is potential for future effects on the food supply chain [32][33] Question: What are your thoughts on strategic M&A? - The company is open to M&A opportunities that are accretive and would enhance their service offerings or market reach [35][36] Question: Would you consider paying a one-time dividend? - Management prefers to focus on increasing regular dividends rather than issuing a one-time dividend, as it provides more consistent value to shareholders [38][39] Question: Do you have any crypto treasury plans? - The company has no plans to invest in cryptocurrency, viewing it as too risky and preferring to focus on their established capital allocation strategy [43][44]

Financial Data and Key Metrics Changes - For the full fiscal year ending June 30, 2025, total revenue increased 11% from $20.5 million to $22.6 million [5] - Recurring revenue increased 10% to $22.3 million [5] - GAAP net income was $7 million, up 17% from $6 million last year [7] - Earnings per share for fiscal year 2025 was $0.36 basic and $0.35 diluted, resulting in a year-over-year EPS growth of 21% [8] - Cash from operations increased 21% from $7 million to $8.4 million [8] - Total cash increased 14% from $25.2 million to $28.6 million, with zero bank debt [8][10] Business Line Data and Key Metrics Changes - Setup fees increased from $95,000 in fiscal 2024 to over $300,000 in fiscal 2025 due to an increased number of suppliers onboarded [5] - Annual recurring revenue continues to represent between 98% and 99% of total revenue [8] - Deferred revenue increased 30% from $2.4 million to $3.2 million, indicating future revenue growth [5][12] Market Data and Key Metrics Changes - The company is experiencing growth in all lines of business, including compliance and supply chain, not just traceability [11] - The traceability network is becoming increasingly significant, with a growing number of referrals from suppliers and manufacturers [22][25] Company Strategy and Development Direction - The company aims to grow annual recurring revenue between 10% to 20% and grow profitability even faster [4] - A focus on automation and efficiency is key to expanding the addressable market, particularly targeting smaller accounts [18][19] - The company is positioning itself as a go-to source for traceability solutions, leveraging a common technology platform for cross-selling opportunities [26][27] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued growth and profitability, aiming to double the size of the company over the next several years [10] - The FDA's change in timeline for compliance has provided breathing room for effective rollout of services [26] - The company plans to maintain a strong balance sheet with no debt while returning capital to shareholders through dividends and stock buybacks [15][17] Other Important Information - The company has paid out over $5 million in cash dividends to shareholders and has increased the common stock dividend three times by 10% each since December 2023 [17] - The capital allocation strategy includes redeeming preferred shares and buying back common stock, with $8 million remaining for future buybacks [16] Q&A Session Summary Question: Did you change your pricing or billing strategy? - The company has not changed its pricing strategy but can now effectively serve smaller accounts due to automation, expanding its market reach [30][31] Question: How have tariffs impacted your business? - Currently, tariffs have not significantly impacted the business, but there is potential for future effects on the food supply chain [32][33] Question: What are your thoughts on strategic M&A? - The company is open to M&A opportunities that are accretive and would provide new customers or enter adjacent industries [35][36] Question: Would you consider paying a one-time dividend? - Management prefers to focus on increasing regular dividends rather than one-time payouts, emphasizing a consistent return strategy [38][39] Question: Do you have any crypto treasury plans? - The company has no plans to invest in crypto, viewing it as too risky and preferring to focus on its capital allocation strategy [43][44]

Core Insights - The India-UK partnership is seen as an opportunity to expand beyond bilateral relations to a broader global market collaboration [1][2] - The Free Trade Agreement (FTA) signed in July is viewed as a significant opportunity for both countries, particularly in the textile and apparel sectors [4][12] Trade Agreement Impact - India's textile and apparel exports to the UK are expected to increase by at least 2.5 times within three years, positioning India as the UK's second-largest supplier [3] - The agreement is anticipated to be operational by the end of the financial year, pending approval from the UK Parliament [3] Market Potential - India's domestic textile market is projected to reach $250 billion by 2030, presenting a substantial opportunity for UK manufacturers [9] - The Indian fashion sector is characterized by a diverse product ecosystem that is unmatched globally, providing a competitive edge [5][6] Technological Advancements - India's textile industry is undergoing transformative growth driven by government initiatives and private sector innovation, focusing on sustainability and eco-friendly practices [12][13] - The Production Linked Incentives (PLI) Scheme and the PM-MITRA Scheme are key initiatives aimed at enhancing manufacturing capabilities and attracting investments [13][14] Sustainability and Innovation - India's advancements in sustainable materials and traceability, including a blockchain system for cotton, are highlighted as significant competitive advantages [15][16] - The use of intelligent forecasting tools like VisioNxt is being developed to predict fashion trends, enhancing India's ability to meet global market demands [17]

Problem & Impact - Conflict minerals, especially Colton, are smuggled across borders and enter international supply chains, funding child labor, human exploitation, and rape [5][6] - Current international regulations like Dodd-Frank and traceability initiatives like ITSCI are failing to prevent conflict minerals from entering the marketplace [5] - This exploitation leads to human suffering, including preventing young girls from attending school and forcing people into backbreaking labor [3][4] Proposed Solutions - Empowering local mining communities through education, technology, and mechanization to transition to semi-industrial mining operations [7][8] - Implementing traceability bagging systems and blockchain technology to create a permanent, immutable record of each gram of mineral back to its source [8][9][14] - Forming an African Federation of Artisanal Miners, similar to the National Federation of Coffee Growers in Colombia, to offer best practices, equipment, and formalization support [20][21][22] Implementation & Results - The speaker coordinated with a US-funded initiative to construct a supply chain management system compliant with OECD, Dodd-Frank, and ICGLR in the UAE [12] - The speaker assisted the federal government in instituting the first artisanal mining publication system and performed on-site inspections in the DRC [16] - The speaker successfully imported the first clean and traceable artisanal gold export from Congo to Dubai, selling it to an LBMA refinery [17][18] Future Vision & Benefits - Creating socially responsible smartphones and clean gold jewelry lines using ethically sourced and traceable components from thriving communities [25] - Strengthening ties between exporting nations and trade partners, fostering respect, stability, and economic partnerships [26] - Transforming Africa from a source of conflict minerals to a key player in ethical trade and sustainability [26]

As filed with the Securities and Exchange Commission on September 24, 2024. Registration No. 333-281957 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Pre-Effective Amendment No. 2 FORM S-1/A REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 EDIBLE GARDEN AG INCORPORATED (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (Primary standard industrial classification code number) Delaware 100 85-0558704 (I.R.S. em ...

As filed with the Securities and Exchange Commission on September 17, 2024. Registration No. 333-281957 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Pre-Effective Amendment No. 1 FORM S-1/A REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 EDIBLE GARDEN AG INCORPORATED (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (Primary standard industrial classification code number) Delaware 100 85-0558704 (I.R.S. em ...

S-1/A 1 edbl_s1a.htm FORM S-1/A As filed with the Securities and Exchange Commission on September 1, 2023. Registration No. 333-274080 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Pre-Effective Amendment No. 1 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 EDIBLE GARDEN AG INCORPORATED (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (Primary standard industrial classification code number) Delaw ...