Every 10-Q that KING RESOURCES, INC (KRFG) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow KRFG 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 KRFG filings page.
King Resources, Inc. (KRFG), a Delaware holding company operating mainly through Hong Kong and BVI subsidiaries, reported weak results for the quarter ended June 30, 2026. Total assets were $249,682 against total liabilities of $1,542,588, leaving a stockholders’ deficit of $1,292,906.
The company generated no revenue in the quarter, versus $19,221 a year earlier, and recorded a net loss of $962,587 compared with $307,611 in the prior-year period. Losses were driven largely by $868,296 in sales and marketing expenses and $854,700 of stock-based compensation amortization. Operating cash outflow was $43,562, funded by $57,445 of advances from related parties.
Management highlights substantial going concern uncertainty, with an accumulated deficit of $10,590,144 and reliance on shareholder and external financing. The report emphasizes significant legal and operational risks tied to operating from Hong Kong with potential future PRC exposure, constraints and uncertainty around cash transfers and dividends, and possible U.S. trading risks under the Holding Foreign Companies Accountable Act. The company does not expect to pay dividends and plans to retain earnings to fund operations.
King Resources, Inc. reported higher revenue but continued losses for the nine months ended December 31, 2025. Revenue rose to $628,282 from $57,662 a year earlier, driven mainly by arts and collectibles trading in Hong Kong. However, heavy sales and marketing and administrative spending led to an operating loss of $1,378,639, compared with prior-year profit that was boosted by a one-time gain on subsidiary disposal.
The balance sheet remains weak. Cash and cash equivalents were only $2,144, while current liabilities totaled $1,195,411, leaving a stockholders’ deficit of $1,121,173 and an accumulated deficit of $8,822,017. Management acknowledges substantial doubt about the company’s ability to continue as a going concern without improved profitability and external financing.
Operations and cash flows depend heavily on Hong Kong subsidiaries, a single major customer and a single major vendor, and are subject to legal, tax and capital-control risks related to Hong Kong and potential future China activities. The filing also highlights regulatory risk under the Holding Foreign Companies Accountable Act, though the current auditor is inspected by the PCAOB.
King Resources, Inc. (KRFG) reported very small operating revenue but a much larger cost base for the quarter and six months ended September 30, 2025. Revenue was $19,181 for the quarter and $38,402 for six months, while operating expenses drove an operating loss of $325,263 for the quarter and $632,874 year-to-date.
Total assets rose sharply to $40,865,332 from $43,360 at March 31, 2025, almost entirely due to $39,276,890 of newly purchased collectible inventory. This was financed mainly through promissory notes, including a $23,945,046 note to a shareholder and $13,240,221 of other promissory notes, bringing total liabilities to $38,359,336. Stockholders’ equity improved to $2,505,996 from a deficit, aided by share issuances and preferred equity.
The company completed a 1-for-10,000 reverse stock split and had 4,280,283 common shares outstanding and 30,000,000 Series C Preferred shares as of September 30, 2025. A subsequent event notes the issuance of 74,940,616 additional common shares to settle the shareholder promissory note. Management highlights substantial legal, regulatory, tax and cash-transfer risks tied to operating through Hong Kong entities, and the financial statements include a going concern warning due to recurring losses and an $8,076,252 accumulated deficit.