Here are the 10-K annual reports from ESG Inc (ESGH) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow ESGH and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ESGH filings page.
ESG Inc. amended its 2025 annual report to correct its auditor’s report, adding an explanatory paragraph that substantial doubt exists about the Company’s ability to continue as a going concern. The auditor’s fair-presentation opinion remains unqualified; the amendment says financial-statement amounts are unchanged and no restatement occurred.
Revenue was $6,122,633 in 2025, compared with $12,682,330 in 2024; net loss attributable to ESG Inc. was $1,947,318, versus net income of $944,633. Net cash provided by operating activities was $101,246, compared with $1,546,524 in 2024. As of December 31, 2025, cash was $42,978 and restricted cash was $36,892.
The Company raised $200,000 on March 10, 2026, which management says improved near-term liquidity. It also issued two convertible notes, each with $110,000 principal and $100,000 gross proceeds, on March 6 and March 9, 2026. Management says restoring production could occur within approximately one month, subject to remaining operational and facility-readiness steps. The plans depend on future events, and substantial doubt has not been alleviated.
ESG Inc. files its annual report describing a transition into sustainable, China-based mushroom and compost production after exiting its prior plasma agriculture business. The company controls a 74.52% stake in Funan Allied United Farmer Products and operates indoor mushroom farms, compost plants and export-focused processing.
Its subsidiaries can produce 7,300 tons of fresh white button mushrooms and 90,000 tons of Phase III compost per year, with about 20 million pounds of mushrooms grown annually. Revenue from fresh mushrooms, processed products and compost reached $5.86M, $3.94M and $2.88M respectively in 2024, but total revenue fell to $4.58M in 2025 because production was suspended in the fourth quarter.
The report emphasizes extensive legal, regulatory and operational risks from concentrating activities in China, including food-safety rules, data and cybersecurity laws, foreign-exchange controls, government policy shifts, and potential requirements for additional PRC and CSRC filings for any future overseas securities offerings.