OneSolution Technology Inc. Files 10-Q for June 2025

TL;DR

OneSolution Tech (774415) filed its Q2 2025 10-Q. Financials look standard.

AI Summary

OneSolution Technology Inc. filed its quarterly report for the period ending June 30, 2025. The company, previously known as KING RESOURCES, INC., is involved in the POWER, DISTRIBUTION & SPECIALTY TRANSFORMERS industry. The filing details financial information related to preferred stock and common stock.

Why It Matters

This filing provides investors with an update on OneSolution Technology Inc.'s financial position and operational activities for the second quarter of fiscal year 2025.

Risk Assessment

Risk Level: low — The filing is a routine quarterly report with no immediately apparent significant negative events or disclosures.

Key Numbers

• 0000774415 — Central Index Key (Unique identifier for OneSolution Technology Inc.)
• 20250630 — Period End Date (The end date for the financial reporting period.)
• 20250819 — Filing Date (The date the 10-Q was officially filed with the SEC.)

Key Players & Entities

• OneSolution Technology Inc. (company) — Filer of the 10-Q
• KING RESOURCES, INC. (company) — Former name of OneSolution Technology Inc.
• 0000774415 (company) — Central Index Key for OneSolution Technology Inc.
• 20250630 (date) — End of the reporting period
• 20250819 (date) — Filing date of the 10-Q

FAQ

Key Financial Figures

• $0.001 — he registrant's common stock, par value $0.001 per share, as of August 14, 2025 was 6,

Filing Documents

• onesolution_i10q-063025.htm (10-Q) — 553KB
• onesolution_ex021.htm (EX-21) — 6KB
• onesolution_ex3101.htm (EX-31.1) — 8KB
• onesolution_ex3201.htm (EX-32.1) — 4KB
• chart_001.jpg (GRAPHIC) — 12KB
• 0001683168-25-006294.txt ( ) — 3482KB
• krfg-20250630.xsd (EX-101.SCH) — 29KB
• krfg-20250630_cal.xml (EX-101.CAL) — 38KB
• krfg-20250630_def.xml (EX-101.DEF) — 109KB
• krfg-20250630_lab.xml (EX-101.LAB) — 240KB
• krfg-20250630_pre.xml (EX-101.PRE) — 211KB
• onesolution_i10q-063025_htm.xml (XML) — 391KB

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements 10 Unaudited Condensed Consolidated Balance Sheets as of June 30, 2025 and March 31, 2025 10 Unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss for the Three Months Ended June 30, 2025 and 2024 11 Unaudited Condensed Consolidated Statements of Cash Flows for the Three Months Ended June 30, 2025 and 2024 12 Unaudited Condensed Consolidated Statements of Changes in Stockholders' Deficit for the Three Months Ended June 30, 2025 and 2024 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 25

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 31

Controls and Procedures

Item 4. Controls and Procedures 31

- OTHER INFORMATION

PART II - OTHER INFORMATION 32

Legal Proceedings

Item 1. Legal Proceedings 32

Risk Factors

Item 1A. Risk Factors 32

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 33

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 33

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 33

Other Information

Item 5. Other Information 33

Exhibits

Item 6. Exhibits 34

SIGNATURES

SIGNATURES 35 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 15, 2025 (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