$RMGL · Rocky Mountains Group Ltd
Rocky Mountains Group Ltd filed its 10-Q for Q1 FY2027 (period ended August 31, 2026). Revenue doubled to $10,000 from $5,000 a year ago, generated from two Personal Financial Literacy Seminars. Net loss narrowed to $285 from $6,833. However, cash collapsed to $715 from $15,131 at fiscal year-end, and the auditor explicitly states substantial doubt about the company's ability to continue as a going concern. Control of the company changed on August 20, 2026, with Ya Deng acquiring 83.2% of shares and replacing Zonghan Wu as sole officer and director.
- Cash and cash equivalents fell to $715 from $15,131 at May 31, 2026 — a 95% decline in one quarter.
- Revenue was $10,000 from two seminar participants; one customer accounted for 100% of revenue.
- Accumulated deficit reached $51,493 with negative operating cash flow of $14,416 for the quarter.
- Auditor raises substantial doubt about the company's ability to continue as a going concern.
- Control changed on August 20, 2026: Ya Deng acquired 83.2% of shares and replaced Zonghan Wu as sole officer/director.
Price data unavailable.
A going concern warning combined with a 95% cash burn in a single quarter and a control change makes this a high-risk micro-cap where insolvency is a near-term possibility.
This is a micro-cap financial literacy seminar company operating in New Zealand with negligible revenue scale. The recent control change and going concern warning place it in the high-risk micro-cap category typical of newly public Nevada corporations with minimal operations.
Going concern: accumulated deficit of $51,493 and negative operating cash flow of $14,416 raise substantial doubt about the company's ability to continue within one year. Customer concentration: one customer represents 100% of revenue — loss of that customer would eliminate all revenue.
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