Smart Powerr SEC Filings

Smart Powerr Corp. reported a material improvement in liquidity with $131,114,964 in cash at June 30, 2025, lifting total assets to $132.21 million and stockholders' equity to $116.09 million. The company generated $64,496,018 of net cash from operating activities, $55,202,004 from investing activities and received $9,865,400 from an equity issuance, producing a net increase in cash of $131,089,623.

Operationally, revenue remained modest at $82,839 for the six months with gross profit of $35,421, while the company recorded a six‑month net loss of $2,129,276 (accumulated deficit $64,185,659). Balance sheet and note detail show current liabilities of $12.74 million, notes payable of $4.42 million, taxes payable of $7.63 million (including a recorded transition tax of $7.61 million) and accrued litigation of $2.44 million. The company completed a 1-for-10 reverse stock split, reducing issued shares to approximately 2.53 million.

Smart Powerr Corp. (CREG) is soliciting proxies for its 2025 Annual Meeting to be held on September 22, 2025 to: elect five directors; ratify Enrome LLP as independent auditors; and approve an amendment to increase authorized common shares from 10,000,000 to 1,000,000,000. Stockholders of record as of August 1, 2025 may vote. At the close of business on July 30, 2025 the company reported 2,657,139 shares issued and outstanding.

Material items disclosed include a February 18, 2025 private placement to issue 8,029,851 shares at $0.67/share (aggregate up to $5,380,000) closed Feb 19, 2025, with CEO Guohua Ku purchasing 2,925,373 shares. The Company filed an Form S-8 on April 18, 2025 and granted 124,126 shares that vested immediately. Audit fees for 2024 were $200,000 (total fees $210,500). The filing also discloses that Mr. Ku serves as both CEO and Chairman and that the Board held one meeting in 2024.