secwatch.observer — SEC 8-K summary
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Issuer:     CFN Enterprises Inc. (CNFN)
CIK:        0001352952
Form:       8-K/A
Filed at:   2023-09-18T23:59:59+00:00
Accession:  0001096906-23-001799
Event type: m_and_a
Sentiment:  negative
Materiality: 0.60
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CFN Enterprises closes asset purchase of RAN CoPacking; audited financials show net loss and going concern
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- Acquired co-packing and white label manufacturing assets from RAN CoPacking Solutions LLC on July 1, 2023.
- Purchased assets generated $1.775M revenue and $27,022 net loss for six months ended Dec 31, 2022.
- Members' deficit of $213,022 as of Dec 31, 2022; auditor notes substantial doubt about going concern.
- Related party transactions: $854,557 due to related party and $150,637 expenses paid by related party.
- Lease obligation: $2.56M present value of lease liability through 2027.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1352952/000109690623001799/0001096906-23-001799-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1352952/000109690623001799/cnfn-20230705.htm
  HTML page:      https://secwatch.observer/filing/0001096906-23-001799

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