SGD provides audited financials for acquired Resource Group: $12.4M deficit, going concern noted

RenX Enterprises Corp.

Resource Group 2024 revenue $18.15M (up from $16.42M), net loss $4.48M.
Members' deficit of $12.4M at Dec 31, 2024; total liabilities $21.7M exceed assets $9.35M.
Auditors express substantial doubt about ability to continue as a going concern.
Operating loss of $2.32M in 2024; cash fell to $403K from $765K; negative operating cash flow.
Interest expense $2.16M; accumulated deficit $31.35M.

item 9.01

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