Stark Focus Group, Inc. (SKFG) Form 10-Q — Aug 13, 2026
Stark Focus Group's 10-Q for the quarter ended June 30, 2026 discloses a full change of control: on June 25, 2026, Compass North Holdings sold 8,300,000 shares (about 83.43% of the company) to MJG Polo LLC for $355,000, with the company receiving no proceeds. John Lipman was appointed CEO, CFO and director and David Rosenberg became Chairman, replacing Cao Zhi Fen. In connection with the takeover, all outstanding debt was terminated with no cash paid: $201,333 of obligations were extinguished, including an $88,612 gain on the forgiveness of third-party convertible notes that drove quarterly net income of $68,730 versus a $12,843 loss a year earlier.
Key figures
- Eps
- 0.01
- Revenue
- 0
- Net Income
- 68730
- Total Debt
- 0
- Cash Position
- 0
- Shares Outstanding
- 9948330
- Change of control shares
- 8300000
- Gain on debt forgiveness
- 88612
- Private placement shares
- 8400000
- Net income six months 2026
- 65004
- Total liabilities dec 31 2025
- 182812
- Total liabilities jun 30 2026
- 5087
- Shares outstanding aug 12 2026
- 18348330
- Change of control stake percent
- 83.43
- Change of control purchase price
- 355000
- Private placement gross proceeds
- 400000
- Total debt extinguished june 2026
- 201333
- Related party debt forgiven credited to apic
- 112721
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.