Zhanling International Ltd.

ZLME: 10-Q · periodic report

Zhanling International Ltd filed its 10-Q for the quarter ended August 31, 2026, reporting a net loss of $6,597 on zero revenue, with total assets of just $3,404 and no cash on hand. The company is a Nevada shell whose sole purpose is to find a merger or acquisition target; it disclosed substantial doubt about its ability to continue as a going concern, with an accumulated deficit of $475,150 and a stockholders' deficit of $59,636. Operations were funded entirely by related parties, including $11,972 advanced by CEO YongQing Liu. Management also concluded that disclosure controls were not effective due to a material weakness in segregation of duties. Survival depends on continued CEO support and future private placements, which would dilute existing shareholders.

SEC 10-Q•13d ago

ZLME: 10-K · periodic report

Zhanling International Limited filed its annual report for the fiscal year ended May 31, 2026 reporting zero revenue, a net loss of $38,486, and no cash on hand. The Nevada shell company has had no business operations or revenue since its 2009 incorporation, and its sole stated purpose is to complete a merger or acquisition with a private operating business. The company disclosed substantial doubt about its ability to continue as a going concern, citing a $6,139 working capital deficiency, a $53,039 shareholders' deficit, and a $468,553 accumulated deficit. Management plans to seek additional capital through a private placement or related-party loans, and the sole officer and director has been funding operating expenses on the company's behalf. Shares outstanding surged from 73,200 to 3,441,000 after the company issued 3,367,800 shares at $0.01 per share to settle $33,678 of payables, with 3,298,500 of those shares going to CEO YongQing Liu, who now beneficially owns 96.98% of the company. Management also concluded that internal control over financial reporting was not effective, citing material weaknesses including the absence of written accounting policies and procedures. With 55 holders of record, $0 in non-affiliate market value, penny stock rule exposure, and a history of repeated management turnover and a 1-for-50 reverse split, the filing underscores an extreme-risk shell profile dependent entirely on insider funding.

SEC 10-K•2mo ago