King Resources, Inc. (KRFG) Form 10-Q — Aug 13, 2026
King Resources, Inc. reported zero revenue for the quarter ended June 30, 2026, down from $19,221 a year earlier, while its net loss more than tripled to $962,587 from $307,611, or $(0.09) per basic and diluted share versus $(0.00) last year. The 10-Q carries an explicit going-concern warning: accumulated deficit of $10,590,144, a stockholders' deficit of $1,292,906, and just $22,969 in cash at June 30, 2026, with continuation dependent on stockholder support and external financing. The company funded itself during the quarter with $57,445 of advances from related parties.
Key figures
- Revenue
- 0
- Cash Position
- 22969
- Shares Outstanding
- 10881149
- Prior Year Eps
- 0
- Current Assets
- 242098
- Prior Year Revenue
- 19221
- Reverse Split Ratio
- 1-for-10,000 (retroactive presentation)
- Accumulated Deficit
- 10590144
- Current Liabilities
- 1542588
- Gain From Debt Forgiveness
- 45385
- Loss On Subsidiary Closure
- 34322
- Sales And Marketing Expense
- 868296
- Stock Compensation Expense
- 854700
- Series CPreferred Outstanding
- 30000000
- Related Party Advances Financing
- 57445
- General And Administrative Expense
- 105354
AI analysis
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