$BLNH · Blue Line Holdings, Inc.
Blue Line Holdings filed its 10-K for the fiscal year ended June 30, 2026. The Company is a development-stage entity with zero revenue, a net loss of $81,256, cash of just $2,180, a working capital deficit of $83,562, and a total stockholders' deficit of $83,562. The auditor includes a going concern warning. The sole business asset is a non-exclusive license to distribute CocoLove coconut water in France, with no marketing or distribution efforts commenced as of the filing date.
- Cash of $2,180 as of June 30, 2026, down from $8,816 a year earlier.
- Working capital deficit of $83,562 and total stockholders' deficit of $83,562.
- Zero revenue generated in FY2026; net loss of $81,256 vs. $106,125 in FY2025.
- Auditor raises substantial doubt about ability to continue as a going concern.
- Subsequent to year-end, issued a $15,000 promissory note and extended $50,000 in notes to February 28, 2027.
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A public company with $2,180 in cash, no revenue, and a going concern warning is effectively a shell — the 10-K confirms survival hinges entirely on future capital raises with no operational traction.
Development-stage shell with a single non-exclusive flavored-water distribution license in France, competing against Nestlé, Coca-Cola, PepsiCo, and Keurig Dr Pepper — all with vastly greater resources. The global flavored water market is estimated at $26 billion growing at 6% CAGR, but BLNH has no
Going concern warning: cash of $2,180, working capital deficit of $83,562, and cumulative losses raise substantial doubt about the Company's ability to continue. The CocoLove license is non-exclusive — Monarch Media can sell directly in France with no compensation obligation. The Company has no cash
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