Legend Spices, INC. (LGSP) — SEC Filings

Overview

Legend Spices, INC. (LGSP) is a publicly traded company tracked on ReadTheFiling. The most recent enriched filing is a 10-Q filed on Dec 29, 2025: LEGEND SPICES, INC. (LGSP) reported a significant decline in financial performance for the nine months ended September 30, 2025, with sales plummeting to $644 from $4,552 in the prior year, representing an 85.8% decrease. The company posted a net loss of $14,637 for the nine-month period, an improve

Sentiment Summary

Across 9 filings, the sentiment breakdown is: 3 bearish, 6 neutral. The dominant filing sentiment for Legend Spices, INC. is neutral.

Filing Type Overview

Legend Spices, INC. (LGSP) has filed 6 10-Q, 2 10-K, 1 8-K with the SEC between Apr 2024 to Dec 2025.

Filings by Year

2025 · 2024

Recent Filings (9)

• Legend Spices Becomes Shell Company, Assets Vanish Amidst Operational Halt — 10-Q · Dec 29, 2025 Risk: high
  LEGEND SPICES, INC. (LGSP) reported a significant decline in financial performance for the nine months ended September 30, 2025, with sales plummeting to $644 f
• Legend Spices Becomes Shell Company, Revenue Plummets 78% — 10-Q · Nov 28, 2025 Risk: high
  LEGEND SPICES, INC. (LGSP) reported a net loss of $8,861 for the six months ended June 30, 2025, a significant improvement from the $17,860 net loss in the prio
• Legend Spices Halts Operations, Becomes Shell Amid Ownership Shift — 10-Q · Nov 5, 2025 Risk: high
  LEGEND SPICES, INC. (LGSP) reported a net loss of $3,561 for the three months ended March 31, 2025, a 31.22% improvement from the $5,176 net loss in the prior-y
• Legend Spices Files 2024 10-K — 10-K · May 5, 2025 Risk: low
  Legend Spices, Inc. filed its 2024 10-K on May 5, 2025, reporting its financial performance for the fiscal year ending December 31, 2024. The company, incorpora
• Legend Spices Reports Leadership Changes — 8-K · Apr 3, 2025 Risk: medium
  Legend Spices, Inc. filed an 8-K on April 3, 2025, reporting changes in control and departures/appointments of officers and directors as of March 29, 2025. The
• Legend Spices Files Q3 2024 10-Q — 10-Q · Nov 14, 2024 Risk: low
  Legend Spices, Inc. filed its Q3 2024 10-Q report on November 14, 2024, detailing its financial position as of September 30, 2024. The company's fiscal year end
• Legend Spices Files Q2 2024 10-Q — 10-Q · Aug 19, 2024 Risk: low
  Legend Spices, Inc. filed its 10-Q for the period ending June 30, 2024. The filing details the company's financial position, including retained earnings and add
• Legend Spices Files Q1 2024 10-Q — 10-Q · Jun 5, 2024 Risk: low
  Legend Spices, Inc. filed its 10-Q for the period ending March 31, 2024. The filing details financial information for the first quarter of 2024, including retai
• Legend Spices, Inc. Files 2023 Annual Report on Form 10-K — 10-K · Apr 19, 2024 Risk: low
  LEGEND SPICES, INC. (LGSP) filed a Annual Report (10-K) with the SEC on April 19, 2024. Legend Spices, Inc. filed its annual report on Form 10-K for the fiscal

Risk Profile

Risk Assessment: Of LGSP's 9 recent filings, 3 were flagged as high-risk, 1 as medium-risk, and 5 as low-risk. The overall risk profile suggests relatively low risk with generally favorable filings.

Financial Highlights

Key financial metrics from Legend Spices, INC.'s most recent 10-Q filing (Dec 29, 2025):

• Revenue: $644
• Net Income: -$14,637
• EPS: $0.00
• Debt-to-Equity: N/A
• Cash Position: $0
• Operating Margin: N/A
• Total Assets: $0
• Total Debt: $13,367

Key Executives

• Khachatur Mkrtchyan
• Qihui Wang
• Suzanna
• Mr. Mkrtchyan

Industry Context

The spice industry is generally characterized by stable demand, but competitive pressures and supply chain complexities can impact profitability. Companies often differentiate through product quality, sourcing, and brand recognition. Legend Spices, Inc.'s operational cessation in Armenia suggests it could not compete effectively or manage its supply chain within the current market dynamics.

Top Tags

Shell Company (3) · Ownership Change (3) · 10-Q (3) · financials (3) · Going Concern (2) · Micro-Cap (2) · food-specialties (2) · quarterly-report (2) · Operational Halt (1) · Asset Liquidation (1)

Key Numbers

• Total Assets: $0 — Decreased from $3,938 on December 31, 2024, indicating complete asset liquidation.
• Net Loss (9 months): $14,637 — Improved from $24,222 in 2024, but still a significant loss for a non-operating entity.
• Sales (9 months): $644 — Plummeted from $4,552 in 2024, reflecting the discontinuation of operations.
• Related Party Debt Forgiveness: $69,717 — Reduced total liabilities and increased additional paid-in capital.
• Accumulated Deficit: $123,862 — Indicates significant historical losses and raises going concern doubts.
• Working Capital Deficit: $13,367 — As of September 30, 2025, contributing to going concern risk.
• Common Shares Outstanding: 6,850,000 — Consistent across periods, indicating no dilution or buybacks.
• Sales Decrease: 85.8% — Percentage drop in sales from $4,552 to $644 for the nine months ended September 30, 2025.
• Net Loss: $8,861 — for six months ended June 30, 2025, an improvement from $17,860 in prior year
• Sales Revenue: $644 — for six months ended June 30, 2025, down 78.4% from $2,986 in prior year
• Total Liabilities: $7,581 — as of June 30, 2025, significantly reduced from $71,985 at December 31, 2024
• Sales: $644 — 63.43% decrease from $1,761 in Q1 2024
• Cash in Bank: $0 — As of March 31, 2025, down from $789 at Dec 31, 2024
• Bad Debt Expense: $2,727 — New expense incurred in Q1 2025
• Loss on Impairment of Inventory: $572 — New expense incurred in Q1 2025

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