Yinfu Gold Corporation

ELRE: 10-Q · periodic report

Yinfu Gold Corporation filed its 10-Q for the quarter ended June 30, 2026 reporting zero revenue and a net loss of $28,493, a 27% wider loss than the $22,360 posted in the year-ago quarter. The filing carries substantial-doubt going-concern language: cash stood at just $2,720, the working capital deficit widened to $685,009, total liabilities of $703,331 dwarf total assets of $19,296, and the accumulated deficit reached $2,968,125. Management concluded internal control over financial reporting was not effective as of June 30, 2026, citing material weaknesses including no functioning audit committee, no majority of outside directors, and management dominated by two individuals, while Zhang Hong simultaneously holds the CEO, CFO, Chairman, Treasurer and Secretary titles. Despite the gold name, the company abandoned mineral exploration and is attempting a pivot into Internet Technology, AI and IoT, but planned operations have not commenced and it survives on interest-free related-party loans of $296,569 plus $61,426 borrowed from a third-party individual.

SEC 10-Q•2mo ago

ELRE: 10-K · periodic report

Yinfu Gold Corporation filed its annual Form 10-K for the fiscal year ended March 31, 2026, reporting zero revenue and a net loss of $131,062. The company disclosed a working capital deficiency of $635,926 and a cash balance of only $822, raising substantial doubt about its ability to continue as a going concern without additional capital injections. The company experienced a significant leadership transition in May 2025, with Zhang Hong taking over as President, CEO, and Chairman following the resignation of Jiang Libin. Yinfu Gold has pivoted its business focus from mineral exploration to Internet Technology, AI, and IoT, yet it notes that principal operations have not yet commenced. Liquidity remains a critical challenge, as the company relies heavily on advances from directors and related party loans to fund its minimal operations. Shares trade on the OTC market under the symbol ELRE, and the filing highlights extensive regulatory risks associated with its subsidiaries in the People’s Republic of China.

SEC 10-K•3mo ago

ELRE: NT 10-K · late filing

Yinfu Gold Corporation notified the SEC that it cannot file its Form 10-K for the fiscal year ended March 31, 2026, by the prescribed due date without unreasonable effort or expense. The company cited a delay in obtaining and compiling the necessary information for the annual report as the reason for the extension but stated that it anticipates filing the report no later than the fifteenth calendar day following the original deadline. Yinfu Gold also indicated in the notification that it does not anticipate a significant change in results of operations from the corresponding prior-year period and confirmed that all other required periodic reports for the preceding 12 months were filed on time.

SEC NT 10-K•3mo ago