OneSolution Technology Inc. Files Q3 2025 10-Q

TL;DR

OneSolution Tech (KRFG) filed its Q3 10-Q. Focus on transformer manufacturing.

AI Summary

OneSolution Technology Inc. filed its 10-Q for the period ending December 31, 2024. The filing covers the third quarter of their fiscal year, which ends March 31, 2025. The company, formerly known as KING RESOURCES, INC., is involved in the manufacturing of power, distribution, and specialty transformers.

Why It Matters

This filing provides investors with an update on OneSolution Technology Inc.'s financial performance and operational status for the third quarter of their fiscal year.

Risk Assessment

Risk Level: low — This is a standard quarterly filing with no immediate red flags or significant new information presented.

Key Numbers

• 2024-12-31 — Reporting Period End (Indicates the end of the fiscal quarter for which financial information is reported.)
• 2025-02-14 — Filing Date (The date the 10-Q was officially submitted to the SEC.)
• 0331 — Fiscal Year End (Specifies the end date of the company's fiscal year.)

Key Players & Entities

• OneSolution Technology Inc. (company) — Filer
• KING RESOURCES, INC. (company) — Former company name
• 3612 (dollar_amount) — Standard Industrial Classification Code
• 2024-12-31 (date) — Reporting period end date
• 2025-02-14 (date) — Filing date

FAQ

Key Financial Figures

• $0.0001 — he registrant's common stock, par value $0.0001 per share, as of December 31, 2024 was

Filing Documents

• onesolution_i10q-123124.htm (10-Q) — 773KB
• onesolution_ex3101.htm (EX-31.1) — 8KB
• onesolution_ex3201.htm (EX-32.1) — 3KB
• image_001.jpg (GRAPHIC) — 30KB
• 0001683168-25-001013.txt ( ) — 4296KB
• krfg-20241231.xsd (EX-101.SCH) — 33KB
• krfg-20241231_cal.xml (EX-101.CAL) — 49KB
• krfg-20241231_def.xml (EX-101.DEF) — 113KB
• krfg-20241231_lab.xml (EX-101.LAB) — 279KB
• krfg-20241231_pre.xml (EX-101.PRE) — 237KB
• onesolution_i10q-123124_htm.xml (XML) — 556KB

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION 10

Financial Statements

Item 1. Financial Statements 10 Unaudited Condensed Consolidated Balance Sheets as of December 31, 2024 and March 31, 2024 (audited) 10 Unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss for the Three and Nine Months Ended December 31, 2024 and 2023 11 Unaudited Condensed Consolidated Statements of Cash Flows for the Nine Months Ended December 31, 2024 and 2023 12 Unaudited Condensed Consolidated Statements of Changes in Stockholders' Deficit for the Three and Nine Months Ended December 31, 2024 and 2023 13 Notes to Unaudited Condensed Consolidated Financial Statements 14

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 30

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 38

Controls and Procedures

Item 4. Controls and Procedures 39

- OTHER INFORMATION

PART II - OTHER INFORMATION 40

Legal Proceedings

Item 1. Legal Proceedings 40

Risk Factors

Item 1A. Risk Factors 40

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 40

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 40

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 40

Other Information

Item 5. Other Information 40

Exhibits

Item 6. Exhibits 41

SIGNATURES

SIGNATURES 42 2 INTRODUCTORY COMMENT We are not a Hong Kong operating company but a Delaware holding company with operations conducted through our wholly owned subsidiaries based in Hong Kong and the British Virgin Islands. Our investors hold shares of common stock in OneSolution Technology Inc, the Delaware holding company. This structure presents unique risks as our investors may never directly hold equity interests in our Hong Kong operating subsidiary and will be dependent upon contributions from our subsidiaries to finance our cash flow needs. Our ability to obtain contributions from our subsidiaries are significantly affected by regulations promulgated by Hong Kong and the People's Republic of China ("the PRC") authorities. Any change in the interpretation of existing rules and regulations or the promulgation of new rules and regulations may materially affect our operations and or the value of our securities, including causing the value of our securities to significantly decline or become worthless. For a detailed description of the risks facing the Company associated with our structure, please refer to " Risk Factors – Risk Factors Relating to Doing Business in Hong Kong and China " set forth in our Annual Report on Form 10-K filed with the Securities and Exchange Commission on July 16, 2024 (the "Annual Report"). We currently operate in Hong Kong, and we intend to expand distribution of our products into China and other Asia markets as opportunities permit. While we have no current intention of expanding our physical presence or operations into China, we expect to become directly subject to all PRC laws with all risks described herein relating to the PRC to increase if we develop such physical presence or establish operations in China. OneSolution Technology Inc. and its Hong Kong and British Virgin Islands subsidiaries are not required to obtain permission from the Chinese authorities including the China Securities Regulatory Commission, or CSRC, o

View Full Filing

View this 10-Q filing on SEC EDGAR