Jingbo Technology, Inc. (SVMB) Form 10-Q — Oct 14, 2026
Jingbo Technology filed its 10-Q for the quarter ended August 31, 2026 reporting a six-month net loss of $1,129,974 on revenue of $538,200, down roughly 36% year over year, largely due to the terminated Lishui People's Hospital project and a collapse in winery sales to zero. Management disclosed substantial doubt about the company's ability to continue as a going concern, citing a $43.1 million accumulated deficit and a $10.4 million working capital deficit, with only $47,845 of unrestricted cash on hand and continued reliance on related-party and third-party loans.
Key figures
- Revenue
- 538200
- Total Debt
- 40471738
- Revenue Yoy
- -36.2% (six months: $538,200 vs $843,313)
- Total Assets
- 7453880
- Cash Position
- 47845
- Shares Outstanding
- 555315412
- Q2 revenue
- 256238
- Accumulated deficit
- 43108749
- Working capital deficit
- 10357588
AI analysis
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