Hi-Great Group Holding Company

HIGR: 10-Q · periodic report

Hi-Great Group Holding Company filed its 10-Q for the quarter ended June 30, 2026, reporting Q2 sales of $6,955, down from $10,135 a year earlier, and a quarterly net loss of $12,337 versus $17,044 in the prior-year period. Six-month sales rose slightly to $20,210 from $19,018, while the six-month net loss narrowed to $20,167 from $35,982. The filing carries explicit going-concern language: the company held just $923 of cash against total liabilities of $283,939, a stockholders' deficit of $268,104, and an accumulated deficit above $1.0 million. Management states the company has not established revenues sufficient to cover operating costs and is dependent on debt and equity financing, with efforts underway to raise funding pending a registration statement for an equity funding facility. Disclosure controls and procedures were concluded to be not effective, with cited material weaknesses including a lack of an audit committee and a lack of segregation of duties. The filing also highlights deep related-party dependence, including a $173,764 accrued royalty owed to SellaCare, Inc., the supplement supplier and licensor controlled by the company's majority shareholder.

SEC 10-Q•1mo ago

HIGR: NT 10-Q · late filing

Hi-Great Group Holding Company filed a Form 12b-25 (NT 10-Q) on August 18, 2026, notifying the SEC that it cannot file its Form 10-Q for the quarter ended June 30, 2026 on time. The company attributed the delay to needing additional time for its auditors to complete the review of the quarterly report, and said it intends to file as soon as practicable after completion of its financial statements and disclosures review. The filing states that no significant change in results of operations from the prior-year period is anticipated and that all other required periodic reports were filed over the preceding 12 months. Late quarterly filings can signal accounting or internal-control issues, so investors should watch closely for the actual 10-Q and any further disclosures.

SEC NT 10-Q•2mo ago

HIGR: 10-Q · periodic report

Hi-Great Group Holding Company reported a net loss of $7,830 for the quarter ended March 31, 2026, on sales of $13,255. The company remains in a development stage with an accumulated deficit of $987,832 and total liabilities exceeding total assets by $255,766. The filing includes a going concern warning, noting the company has not established an ongoing source of revenues sufficient to cover operating costs and is dependent on debt and equity financing. Management also disclosed material weaknesses in internal controls, specifically citing a lack of an audit committee and lack of segregation of duties. The company continues to operate under a licensing agreement with related party SellaCare, Inc., paying a 25% royalty on gross revenues. Cash on hand stands at $5,092, highlighting severe liquidity constraints for this micro-cap entity.

SEC 10-Q•4mo ago

HIGR: 10-K · periodic report

Hi-Great Group Holding Company (HIGR) reported a net loss of $87,208 for the fiscal year ended December 31, 2025, driven by a 46.6% decline in revenue to $36,958. The company holds only $521 in cash and has an accumulated deficit of $980,002, signaling severe liquidity constraints. The filing includes a going-concern warning, stating the company has not established sufficient revenue to cover operating costs and is dependent on debt and equity financing to continue operations. Management also disclosed material weaknesses in internal controls, citing a lack of resources, segregation of duties, and the absence of an audit committee. The company is heavily reliant on related-party transactions, including an $85,000 note payable to SellaCare, Inc. (controlled by majority shareholders) and accrued royalties of $168,712. The CEO and CFO are husband and wife, and the board lacks independent directors, raising significant governance concerns for investors.

SEC 10-K•5mo ago