New Momentum Corporation notifies the SEC it cannot timely file its Annual Report on Form 10-K for the fiscal year ended December 31, 2025 and expects to file the report on or before April 15, 2026. The company states it was "unable, without unreasonable effort or expense, to timely compile all information" required for the financial statements and related disclosures.
New Momentum Corporation (NNAX) reported Q3 2025 results for the period ended September 30, 2025. The company posted net income of $29,072 for the quarter, driven mainly by a $47,832 gain on disposal of subsidiaries and government subsidies. For the nine months, it recorded a net loss of $4,579 and generated no revenue, as ticket sales have been ceased since September 2023.
The balance sheet shows a shareholders’ deficit of $727,334 and current liabilities of $738,146, including $529,679 due to a director and $33,892 due to a shareholder. Management disclosed substantial doubt about the company’s ability to continue as a going concern and said additional financing is being pursued. Internal disclosure controls were deemed not effective. As of November 13, 2025, there were 825,861,858 common shares outstanding.