Maitong Sunshine Cultural Development Co., Ltd (MGSD) Form 10-Q — Aug 13, 2026
Maitong Sunshine Cultural Development reported zero revenue for the quarter ended June 30, 2026, down from $82,485 a year earlier, after proactively suspending new customer acquisition during its relocation to Zhejiang. Nine-month revenue collapsed 98% to $25,552, and the net loss widened to $363,973 versus roughly breakeven ($9) in the prior-year period. The balance sheet deteriorated sharply: the company now has a stockholders' deficit of $227,832, an accumulated deficit of $456,807, and just $15,189 in unrestricted cash, with operations funded largely by $388,209 in interest-free related-party loans, including $316,016 from CEO Huang Fang.
Key figures
- Revenue
- 25552
- Total Assets
- 211003
- Cash Position
- 15189
- Shares Outstanding
- 64125000
- Q3 revenue
- 0
- Restricted cash
- 61478
- Full time employees
- 1
- Due to ceo huang fang
- 316016
- Q3 revenue prior year
- 82485
- Due to related parties
- 388209
- Revenue change quarter
- -100%
- Revenue change nine months
- -98%
- Unregistered shares issued
- 3625000
- Unregistered share fair value per share
- 0.0222
AI analysis
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