Yinfu Gold Corp. 10-Q: Assets and Liabilities Balance
Ticker: ELRE · Form: 10-Q · Filed: Aug 19, 2025 · CIK: 1438461
Sentiment: neutral
Topics: financials, 10-Q, balance-sheet
TL;DR
Yinfu Gold Corp. 10-Q filed: Assets = Liabilities = $121.9M as of 06/30/25.
AI Summary
Yinfu Gold Corp. filed its 10-Q for the period ending June 30, 2025. The company reported total assets of $121,983,993 and total liabilities of $121,983,993 for the quarter. The filing also lists various members and entities associated with the company, including Mr. Zhang Hong and Shenzhen Yinfu Guohui Sports Development Co., Ltd.
Why It Matters
This filing provides a snapshot of Yinfu Gold Corp.'s financial position as of June 30, 2025, indicating a balance between its assets and liabilities.
Risk Assessment
Risk Level: medium — The company's assets and liabilities are exactly balanced, which could indicate potential financial strain or a specific accounting treatment.
Key Numbers
- $121,983,993 — Total Assets (As of June 30, 2025)
- $121,983,993 — Total Liabilities (As of June 30, 2025)
Key Players & Entities
- Yinfu Gold Corp. (company) — Filer
- 0001438461 (company) — Central Index Key
- Element92 Resources Corp. (company) — Former Company Name
- Mr. Zhang Hong (person) — Member
- Shenzhen Yinfu Guohui Sports Development Co., Ltd. (company) — Member Entity
- Mr. Huang Jing (person) — Member
- Ms. Wu Fengqun (person) — Member
FAQ
What is the total revenue for Yinfu Gold Corp. for the quarter ending June 30, 2025?
The provided text does not explicitly state the total revenue for the quarter ending June 30, 2025.
What was the net income or loss for Yinfu Gold Corp. for the period ending June 30, 2025?
The filing excerpt does not specify the net income or loss for the period ending June 30, 2025.
What are the primary business activities of Yinfu Gold Corp. as described in this 10-Q?
The filing lists the Standard Industrial Classification as 'MISCELLANEOUS METAL ORES [1090]' and mentions '01 Energy & Transportation', suggesting operations in these sectors.
Who are the key individuals mentioned in relation to Yinfu Gold Corp. in this filing?
Key individuals mentioned include Mr. Zhang Hong, Mr. Huang Jing, and Ms. Wu Fengqun, identified as members.
What is the company's fiscal year end date?
Yinfu Gold Corp.'s fiscal year ends on March 31.
Filing Stats: 4,514 words · 18 min read · ~15 pages · Grade level 16.8 · Accepted 2025-08-19 12:48:05
Key Financial Figures
- $0.001 — ch registered Common stock, par value $0.001 per share ELRE OTC Market Indicate
Filing Documents
- yinfu_10q.htm (10-Q) — 406KB
- yinfu_ex311.htm (EX-31.1) — 13KB
- yinfu_ex312.htm (EX-31.2) — 13KB
- yinfu_ex321.htm (EX-32.1) — 7KB
- 0001640334-25-001553.txt ( ) — 2219KB
- yinfu-20250630.xsd (EX-101.SCH) — 22KB
- yinfu-20250630_lab.xml (EX-101.LAB) — 145KB
- yinfu-20250630_cal.xml (EX-101.CAL) — 31KB
- yinfu-20250630_pre.xml (EX-101.PRE) — 121KB
- yinfu-20250630_def.xml (EX-101.DEF) — 45KB
- yinfu_10q_htm.xml (XML) — 209KB
FORWARD-LOOKING STATEMENTS
FORWARD-LOOKING STATEMENTS This Form 10-Q for the period ended June 30, 2025 contains forward-looking statements that involve risks and uncertainties. Forward-looking statements in this document include, among others, statements regarding our capital needs, business plans and expectations. Such forward-looking statements involve assumptions, risks and uncertainties regarding, among others, the success of our business plan, availability of funds, government regulations, operating costs, our ability to achieve significant revenues, our business model and products and other factors. Any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expect", "plan", "intend", "anticipate", "believe", "estimate", "predict", "potential" or "continue", the negative of such terms or other comparable terminology. In evaluating these statements, you should consider various factors, including the assumptions, risks and uncertainties set forth in reports and other documents we have filed with or furnished to the SEC. These factors or any of them may cause our actual results to differ materially from any forward-looking statement made in this document. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding future events, our actual results will likely vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. The forward-looking statements in this document are made as of the date of this document and we do not intend or undertake to update any of the forward-looking statements to conform these statements to actual results, except as required by applicable law, including the securities laws of the United States. 2 Table of Contents TABLE OF CONTENT
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION Item 1.
Financial Statements
Financial Statements 4 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 16 Item 3.
Quantitative and Qualitative Disclosures about Market Risk
Quantitative and Qualitative Disclosures about Market Risk 20 Item 4.
Controls and Procedures
Controls and Procedures 20
OTHER INFORMATION
PART II. OTHER INFORMATION Item 1.
Legal Proceedings
Legal Proceedings 21 Item 1A.
Risk Factors
Risk Factors 22 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 22 Item 3. Defaults upon Senior Securities 22 Item 4. Mine Safety Disclosures 22 Item 5. Other Information 22 Item 6. Exhibits 23 Index to Exhibits 23
SIGNATURES
SIGNATURES 24 3 Table of Contents
- FINANCIAL INFORMATION
PART I - FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements YINFU GOLD CORPORATION UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS June 30, March 31, 2025 2025 ASSETS Current Assets Cash and cash equivalents $ 550 $ 440 Other receivables 12,062 11,498 Total current Assets 12,612 11,938 Non-current assets Operating lease right of use asset, net 9,773 10,505 Total non-current assets 9,773 10,505 Total Assets 22,385 22,443 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities Short-term loan - related parties 283,552 280,753 Operating lease liabilities - current 4,491 4,379 Due to related party 49,871 29,783 Other payable 198,372 192,727 Total Current Liabilities 536,286 507,642 Non-current liabilities Operating lease liabilities - Non-current 8,807 9,817 Total Non-current Liabilities 8,807 9,817 Total Liabilities 545,093 517,459 Stockholders' Deficit Common stock, ($ 0.001 par value, 3,000,000,000 shares authorized, 121,983,993 shares issued and outstanding as of June 30, 2025 and March 31, 2025) 121,984 121,984 Additional paid-in capital 2,111,696 2,111,696 Accumulated deficit ( 2,830,930 ) ( 2,808,570 ) Accumulated other comprehensive loss 74,542 79,874 Total Stockholders' Deficit ( 522,708 ) ( 495,016 ) Total Liabilities and Stockholders' Deficit $ 22,385 $ 22,443 See Notes to the Unaudited Condensed Consolidated Financial Statements. 4 Table of Contents YINFU GOLD CORPORATION UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) For Three Months Ended June 30, 2025 2024 Revenue, net - - Total revenue - - Cost of revenue - - Gross profit - - OPERATING EXPENSES: General and administrative 20,438 11,232 Professional fees 10,219 7,569 Total operating expenses 30,657 18,801 Net loss from operations ( 30,657 ) ( 18,801 ) Other Income Other income 8,297 8,923 Total other income