$KBGHF · KB Global Holdings Ltd
KB Global Holdings filed its Q3 2026 10-Q showing zero revenue for the three and nine months ended September 30, 2026. Net loss widened to $20,889 for the quarter (vs $12,059 a year ago) and $78,982 for nine months (vs $40,149). The company reported a working capital deficiency of $479,305, accumulated deficit of $557,447, shareholders' deficit of $461,539, and cash of just $90, triggering a going-concern disclosure that management says is alleviated by continued financial support from Director Ms. Guo Li.
- Revenue was $0 for both the three and nine months ended September 30, 2026.
- Nine-month net loss widened to $78,982 from $40,149 a year earlier.
- Operating expenses rose to $78,982 for nine months from $40,159, driven by audit fees and executive salaries.
- Cash and cash equivalents fell to $90.
- Amount due to Director Ms. Guo Li rose to $264,634 from $198,977, funding operations.
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A zero-revenue company with a $461,539 shareholders' deficit and going-concern warning is effectively dependent on insider funding to survive.
A pre-revenue China-based software services shell with a VIE structure, reliant on related-party funding to stay solvent.
Going-concern doubt: $0 revenue, $479,305 working capital deficiency, and $90 cash raise substantial doubt about the company's ability to continue for one year. Solvency depends on continued related-party support from Director Ms. Guo Li, who has agreed not to call her $264,634 receivable for at least twelve months.