M&A
confidence medium
sentiment negative
materiality 0.40
Sino Green Land 8-K/A: Invent Fortune FY26 revenue $1.13M, net loss $14,385, going-concern doubt
Sino Green Land Corp.
- Invent Fortune FY2026 (ended June 30, 2026): revenue $1,134,336 ($771,037 from related party), gross profit $93,265, G&A $112,192, net loss $14,385.
- Auditor EliteCPA P.C. flagged substantial doubt on going concern: cash of $2,933 vs current liabilities of $235,092 and $413,435 cash used in operations.
- $1,224,542 due from related parties is nearly all of the $1,253,726 in assets; repayment depends on SGLA's $1M private placement (2M shares at $0.50), of which only $200,000 was received.
- Aug 7, 2026 pacts: SGLA to buy 100% of Invent Fortune for 36,527,833 SGLA shares and 60% of Xing Da Plastics for 4,800,000 shares; Invent Fortune deal closed Sept 29, 2026.
- Amendment also adds audited Xing Da (FY26 and FY25) and Hi-Quality Productions statements plus unaudited pro forma combined balance sheet at June 30, 2026 and FY26 pro forma income statement.