Wed, Apr 16, 12:42 PM (32 days ago)
**Kuber Resources Corporation (KUBR) 10-K/A Summary** **Financial Performance:** - **Revenue:** $3,920,223 (2024) vs. $2,249,288 (2023) - **Net Income:** $386,267 (2024) vs. $1,217,956 (2023) - **Operating Expenses:** $2,522,664 (2024) vs. $359,176 (2023) - **Earnings per Share (EPS):** $0.0029 (2024) vs. $0.0092 (2023) **Strategic Overview:** - **Business Model:** Operates as a holding company with subsidiaries in wood treatment and international trading. - **Key Products:** Formaldehyde treatment services, flame retardant wood panels, and other services. - **Market Position:** Focuses on the Chinese market, leveraging experience in traditional products and e-distribution channels. **Future Outlook:** - **Growth Strategies:** Expanding customer base, offering high-quality products, and building custom e-channel distribution. - **Market Expansion:** Plans to increase market share in various products and grow into a larger market player. **Risk Factors:** - **Seasonality:** Timber industry is subject to seasonality, which may impact wood treatment and drying times. - **Competition:** Faces competition from other wood treatment companies and potential patent licensing to competitors. - **Regulatory Risks:** Subject to PRC legal system and local regulations, which may impact operations and financial performance. **Financial Condition:** - **Liquidity:** Relies on sales of products and services for liquidity and capital. - **Cash Position:** $104,322 (2024) vs. $143,860 (2023) - **Working Capital:** $2,522,062 (2024) vs. $1,509,185 (2023) **Market Position Changes:** - **Stock Performance:** Quoted on OTC Markets under the symbol KUBR. - **Shareholders:** 611 recorded holders as of April 11, 2025. **Key Transactions:** - **Acquisition of Gongfa:** Completed on January 14, 2025, acquiring 100% of Gongfa Materials (Guangdong) New Materials Technology Co., Limited for $130 million USD. - **Disposal of Asia Image:** Sold to a related party for $500,760, resulting in a net loss of $416,896. **Corporate Governance:** - **Board of Directors:** Includes Raymond Fu (CEO, President), Timothy Lam (Secretary), and other directors. - **Independent Directors:** Shiu Chung Chan, Hok Hin Mui, and Chun Leung Tso are considered independent. **Future Outlook:** - **Capital Raising:** Plans to raise additional funding through equity or debt financing. - **Operational Focus:** Continues to focus on wood treatment and expanding market share in China.