Latest 10-K annual reports

Arvana Inc. reported a significant reduction in net loss for 2024, driven by lower operating and other expenses, despite a slight revenue decline and ongoing working capital deficit, as it navigates operational repairs and evaluates new business ventures.

Trans American Aquaculture, Inc. (TAA) has filed for Chapter 11 bankruptcy protection following significant financial losses, a property foreclosure, and a halt in shrimp production, raising substantial doubt about its ability to continue as a going concern.

A blank check company has announced a definitive business combination agreement with Terrestrial Energy Inc., while simultaneously disclosing a material weakness in its internal financial reporting controls.

A leading merchandising and brand marketing services company has filed an amended annual report, restating prior financial statements due to accounting errors related to international joint venture divestitures, while also disclosing a pending acquisition.

Oramed Pharmaceuticals Inc. filed an amendment to its 2024 Annual Report on Form 10-K to correct disclosures related to Named Executive Officer compensation and security ownership, reflecting revised NEO qualifications and updated certifications.

P2 Solar, Inc. reported an 84% drop in revenue for fiscal year 2025, alongside continued auditor concerns about its ability to operate as a going concern, despite a reduced net loss and improved working capital deficiency.

A clinical-stage biotechnology company developing metabolic disease treatments reports no revenue, increasing losses, and significant doubt about its ability to continue operations without substantial new financing.

A company with a history of unsuccessful ventures is now focusing on early-stage EV battery technologies, facing significant financial challenges and a volatile regulatory landscape.

An automotive design company filed an amendment to its annual report to correct an auditor's reference error, revealing substantial net losses and a going concern warning for the fiscal year ended December 31, 2024.

Biotricity, a medical technology company, reported increased revenue and gross profit for fiscal year 2025, alongside a positive Adjusted EBITDA for the fourth quarter, despite continued net losses and an auditor's 'going concern' warning.

LiveOne, Inc. reported a substantial increase in net loss to $20.4 million for fiscal year 2025, alongside a 3% revenue decrease to $114.4 million, primarily driven by changes in its largest OEM customer agreement and significant impairment charges.

Fly-E Group reported a substantial net loss and negative EBITDA for fiscal year 2025, raising significant doubt about its ability to continue as a going concern, despite recent capital raises and strategic initiatives.

International Media Acquisition Corp. (IMAQ), a SPAC, has announced a new $1 billion merger agreement with Vietnam Biofuels Development Joint Stock Company and secured a $300 million equity line, following its delisting from Nasdaq and a 'going concern' warning due to repeated failures to complete a business combination.

LSEB Creative Corp.'s latest 10-K filing reveals significant accumulated deficits and recurring net losses, prompting auditor concerns about its ability to continue as a going concern, even as the luxury swimwear retailer commences sales and targets substantial capital raises for expansion and a potential Nasdaq uplisting.

Graphene & Solar Technologies Limited reported no revenue and a significant increase in net losses for fiscal year 2024, leading to substantial doubt about its ability to continue as a going concern, despite a strategic shift to reshore solar manufacturing in the US and Australia.

OneSolution Technology Inc. reported a net income of $1.95 million for fiscal year 2025, driven by a significant gain from divesting its smart power supply business to focus on a new arts and collectibles venture, though it continues to face substantial going concern uncertainties and reliance on related-party financing.

Caro Holdings Inc. reported a substantial increase in revenue to $36,319 for the fiscal year ended March 31, 2025, driven by its expanding B2B, B2C, D2C, and AI automation solutions, though it continues to face significant net losses and a going concern qualification.

Graphjet Technology reported a significant net loss and negative working capital for fiscal year 2024, raising substantial doubt about its ability to continue as a going concern, while also facing multiple Nasdaq delisting notices.

VERSES AI Inc. announced a significant 92% drop in revenue for the fiscal year ended March 31, 2025, alongside a persistent net loss and substantial doubt about its ability to continue as a going concern, despite launching its flagship AI product 'Genius' and securing over $37 million in financing.

Wytec International, Inc. filed an amendment to its 2024 Annual Report on Form 10-K to correct an omission in the auditor's report and include updated certifications, while the auditor's opinion highlights substantial doubt about the company's ability to continue as a going concern.

ADM Tronics Unlimited, Inc. reported an 8% increase in net revenues and a significant reduction in operating and net losses for the fiscal year ended March 31, 2025, despite its auditor raising substantial doubt about the company's ability to continue as a going concern and management identifying ineffective internal controls.

Ranger Gold Corp., an exploration-stage natural resource company, reported continued net losses and no revenue for fiscal year 2025, raising substantial doubt about its ability to continue as a going concern.

Splash Beverage Group, Inc. reported a significant revenue drop and substantial net losses for fiscal year 2024, leading to a 'going concern' audit opinion and a formal delisting notice from NYSE American.

Stardust Power Inc. filed an amendment to its 2024 Annual Report on Form 10-K to disclose that its principal executive and financial officers concluded disclosure controls and internal control over financial reporting were effective as of December 31, 2024, following the remediation of previously identified material weaknesses.

Paychex, a leading human capital management company, reported a 6% increase in total revenue for fiscal year 2025, driven by the strategic acquisition of Paycor, but saw a 2% decline in unadjusted net income and diluted earnings per share due to higher expenses and interest costs.

UY Scuti Acquisition Corporation, a blank check company, filed its annual report detailing its initial public offering, search for a business combination, and significant risks associated with its management's ties to China and potential China-based acquisitions.

Arculus System Co., Ltd. has undergone a complete business transformation, shifting from crystal chandelier distribution to developing Electronic Design Automation (EDA) tools, reporting a net loss of $106,109 for fiscal year 2024 and facing substantial doubt about its ability to continue as a going concern.

Culp, Inc. reported a significant increase in net loss for fiscal year 2025, driven by a challenging macroeconomic environment, declining sales, and substantial restructuring costs, even as it implements strategic initiatives to streamline operations and enhance efficiency.

Natural Resource Holdings, Inc. reported a 98% reduction in net loss for the fiscal year ended April 30, 2025, primarily due to the absence of prior year's significant stock-based compensation, as the company continues its pre-revenue mining exploration efforts while facing substantial doubt about its ability to continue as a going concern.

Mesa Air Group, Inc. filed an amendment to its annual report to include previously omitted corporate governance and executive compensation details for the fiscal year ended September 30, 2024, highlighting compensation restrictions due to a U.S. Treasury loan.