Zhen Ding Resources Inc.

RBTK: 10-Q · periodic report

Zhen Ding Resources (OTC: RBTK) filed its 10-Q for the quarter ended June 30, 2026, reporting a net loss of $164,164 on zero revenue, roughly 16% wider than the $141,277 loss a year earlier. The six-month loss of $307,783 compared to prior-year net income of $591,945, which had been boosted by a one-time $874,330 gain on debt extinguishment. Management raised substantial doubt about the company's ability to continue as a going concern, citing accumulated losses of $23,498,246 and a working capital deficit of $11,707,451. Cash stood at just $25,968 against $11.7 million of current liabilities, and the company's Chinese mineral processing plant has been shut down since 2017 for lack of working capital. The company also concluded its disclosure controls are not effective due to material weaknesses, including the absence of a functioning audit committee and majority-independent board. It is seeking roughly $3.35 million to restart the Anhui Province operation, with no financing commitments secured, and is in preliminary talks with state-owned Xinan Environmental Protection on a waste-to-energy project using the mine lands.

SEC 10-Q•2mo ago

RBTK: NT 10-Q · late filing

Zhen Ding Resources Inc. has filed a Form 12b-25 (NT 10-Q) notifying the SEC that it could not file its Form 10-Q for the quarter ended June 30, 2026 by the prescribed deadline, invoking the rule covering delays that could not be eliminated without unreasonable effort or expense. The stated reason is that the registrant's auditor has not completed its review of the Form 10-Q. Management anticipates filing the quarterly report, along with the interim financial statements, on or before the fifth calendar day following the prescribed due date. The company said it expects no significant change in results of operations versus the corresponding prior-year period and confirmed all other required periodic reports were filed during the preceding 12 months. Victor Sun signed the notification as President, Secretary, Treasurer and Director (acting), a concentration of acting roles that points to a very thin management bench at this micro-cap issuer.

SEC NT 10-Q•2mo ago

RBTK: 10-Q · periodic report

Zhen Ding Resources Inc. (RBTK) reported a net loss of $143,619 for the quarter ended March 31, 2026, with no revenue generated. The company holds only $35,309 in cash against $11.4 million in current liabilities, resulting in a working capital deficit of $11.3 million. The filing includes explicit going-concern language, stating that substantial doubt exists regarding the company's ability to continue operations. Management disclosed that the company is dependent on loans from related parties, primarily shareholder Victor Sun, to meet regulatory compliance obligations and avoid insolvency. Internal controls were deemed ineffective due to material weaknesses, including a lack of a functioning audit committee and independent board members. Additionally, director Zhou Qiang resigned in March 2026. The company estimates it needs approximately $300,000 to sustain minimal operations for the rest of the year and $4.5 million to resume mining activities.

SEC 10-Q•5mo ago