Latest 10-K annual reports

Qualigen Therapeutics, an early-clinical-stage oncology company, reported a significant net loss and accumulated deficit for 2024, raising substantial doubt about its ability to continue as a going concern, compounded by a Nasdaq delisting notice and a slowdown in its core therapeutic programs.

Cineverse Corp. reported a substantial financial improvement for fiscal year 2025, moving from a net loss to net income and demonstrating strong revenue growth, primarily attributed to its expanding streaming business and key content releases.

Old Market Capital Corporation filed an amendment to its annual report to correct the audit report date and a disclosure regarding internal control over financial reporting.

Perfect Moment Ltd. reported a substantial net loss of $15.9 million and a 12.1% revenue decrease in fiscal year 2025, prompting auditors to raise substantial doubt about its ability to continue as a going concern, despite ongoing strategic shifts and recent capital raises.

Stemtech Corporation's latest 10-K filing reveals a reduced net loss and improved operating cash flow for 2024, yet highlights significant financial challenges including a substantial accumulated deficit, working capital deficiency, and material weaknesses in internal controls, raising substantial doubt about its ability to continue as a going concern.

PetroGas Company reported a net income of $8,978 for the fiscal year ended March 31, 2025, primarily due to a non-cash gain on asset retirement obligations, while continuing to face substantial doubt about its ability to continue as a going concern with no revenue generation and significant accumulated deficit.

FatPipe, Inc. reported a 9% decrease in fiscal year 2025 revenue to $16.29 million and a significant drop in net income, despite successfully completing its initial public offering and experiencing strong recurring billing growth.

Zoomcar Holdings, Inc. reported a reduced net loss for the fiscal year ended March 31, 2025, driven by significant cost reductions, but faces substantial doubt about its ability to continue as a going concern due to critically deficient cash, ongoing debt defaults, and recent delisting from Nasdaq.

Sundance Strategies, Inc. filed its annual 10-K report for the fiscal year ended March 31, 2025, revealing ongoing net losses, increased cash burn from operations, and a continued heavy reliance on related-party debt and equity financing to sustain its new professional services business model in the life settlement industry.

Elite Pharmaceuticals, Inc. announced a 48% increase in total revenue to $84.0 million for the fiscal year ended March 31, 2025, primarily due to four new product launches and increased sales from its Elite Label product line, though the company reported a net loss of $4.3 million and identified material weaknesses in internal controls.

Regenerex Pharma, Inc. reported a reduced net loss for the fiscal year ended March 31, 2025, driven by decreased research and development expenses, while actively pursuing significant strategic partnerships and additional capital to address ongoing liquidity challenges and a going concern doubt.

Yinfu Gold Corporation's latest 10-K filing reveals persistent operational challenges, a significant accumulated deficit, and an explicit going concern warning, despite a strategic shift towards Internet Technology, AI, and IoT.

PCS Edventures!, a K-12 STEM education provider, reported a significant revenue decrease in fiscal year 2025 to $7.42 million from $9.09 million in fiscal year 2024, primarily due to lost contracts and federal funding changes, while maintaining robust cash flow and working capital.

Addentax Group Corp. reported a significant increase in net loss for the fiscal year ended March 31, 2025, driven by declining logistics revenue and a substantial gross loss in its property management segment, while also receiving a Nasdaq minimum bid price deficiency notice.

Franklin Bitcoin ETF (EZBC) concluded its first full fiscal year on March 31, 2025, reporting a significant 17.34% increase in Net Asset Value per Share, closely tracking Bitcoin's price appreciation, despite navigating a highly volatile digital asset landscape and operational complexities inherent to the nascent crypto ETF market.

Franklin Responsibly Sourced Gold ETF (FGDL) reported a significant increase in net assets and NAV per share for the fiscal year ended March 31, 2025, primarily driven by a substantial appreciation in gold prices.

Franklin Ethereum Trust's annual report reveals a substantial net loss of over $17 million and a nearly 47% drop in Net Asset Value per share for its Franklin Ethereum ETF, primarily driven by a sharp decline in ether's market price since its July 2024 launch.

New Fortress Energy Inc. has filed an amended 2024 annual report, revealing a material weakness in its internal financial controls and management's conclusion of substantial doubt regarding the company's ability to continue as a going concern.

Old Market Capital Corporation completed a significant strategic transformation in fiscal year 2025, divesting its consumer finance business and acquiring a controlling interest in Ohio-based broadband provider Amplex, resulting in a net loss from continuing operations and identified material weaknesses in internal controls.

Mexco Energy Corporation announced a 27% increase in net income for fiscal year 2025, driven by higher production volumes, despite a significant decline in natural gas prices and a reduction in total proved reserves and their present value.

Air T, Inc., a diversified holding company, reported a 2% increase in consolidated revenue to $291.9 million for fiscal year 2025, driven by growth in its Overnight Air Cargo and Digital Solutions segments, despite a net loss of $6.14 million attributable to stockholders.

McEwen Mining Inc. has filed an amendment to its annual report, incorporating the financial statements of its significant equity investee, Minera Santa Cruz S.A., which reported a substantial turnaround to profitability in 2024.

IGC Pharma, Inc. has strategically realigned its operations to focus solely on Life Sciences, reporting a significant reduction in net losses and encouraging interim Phase 2 clinical trial results for its lead Alzheimer's drug candidate, IGC-AD1, despite a decrease in overall revenue and cash reserves.

Emerson Radio Corp. reported a net loss of $4.7 million for fiscal year 2025, despite an 18.9% increase in net revenues, driven by a shift in product mix and ongoing legal challenges.

Freedom Holdings, Inc. has restated its financial statements for fiscal years 2024 and 2023 due to material misstatements, revealing significant reductions in reported revenue and an increased net loss, alongside a strategic reverse merger into the alternative energy sector.

Korn Ferry announced its fiscal year 2025 results, showcasing significant increases in net income and Adjusted EBITDA, driven by strategic initiatives and cost management, despite a slight decrease in overall fee revenue.

Gencor Industries, a heavy machinery manufacturer, reported a 7.7% increase in net revenue for fiscal year 2024, reaching $113.2 million, but disclosed material weaknesses in internal control over financial reporting and significant delays in its SEC filings, leading to a risk of NYSE delisting.

Xenous Holdings, a non-operational shell company, reported increased net losses and a growing working capital deficit for the fiscal year ended March 31, 2025, as it continues its protracted evaluation of a potential acquisition target, Dadvance Agarwood Alpha Sdn Bhd.

BestGofer Inc., a pre-revenue delivery service startup, reported continued net losses and significant doubt about its ability to continue as a going concern, relying heavily on related-party funding while its internal controls remain ineffective.

Capstone Green Energy Holdings, Inc. reports a net loss for Fiscal 2025 and faces substantial doubt about its ability to continue as a going concern, despite improvements in gross profit and growth in its Energy-as-a-Service segment.