Nongfu Shop Digital New Retail Q1 2025: Assets Near Liabilities
Ticker: NFSN · Form: 10-Q · Filed: May 20, 2025 · CIK: 1284454
Sentiment: neutral
Topics: financials, balance-sheet, quarterly-report
TL;DR
Nongfu Shop Q1 2025: Assets $189.5M, Liabilities $189.1M. Tight squeeze.
AI Summary
Nongfu Shop Digital New Retail Co., Ltd. filed its 10-Q for the period ending March 31, 2025. The company reported total assets of $189.5 million and total liabilities of $189.1 million. Retained earnings stood at $0.001 million, with additional paid-in capital at $190 million.
Why It Matters
This filing provides a snapshot of Nongfu Shop's financial health at the end of Q1 2025, indicating a very tight balance between assets and liabilities.
Risk Assessment
Risk Level: medium — The near parity between total assets and total liabilities suggests a potentially precarious financial position.
Key Numbers
- $189.5B — Total Assets (As of March 31, 2025)
- $189.1B — Total Liabilities (As of March 31, 2025)
- $190M — Additional Paid-In Capital (As of March 31, 2025)
- $0.001M — Retained Earnings (As of March 31, 2025)
Key Players & Entities
- Nongfu Shop Digital New Retail Co., Ltd. (company) — Filer of the 10-Q
- 20250331 (date) — End of reporting period
- $189,495,068 (dollar_amount) — Total assets
- $189,120,068 (dollar_amount) — Total liabilities
- Fei Wang (person) — CEO Member
FAQ
What was the net income for the quarter ending March 31, 2025?
The provided data does not explicitly state the net income for the quarter ending March 31, 2025.
What is the company's primary business activity based on its SIC code?
The company's Standard Industrial Classification (SIC) code is 3714, which corresponds to MOTOR VEHICLE PARTS & ACCESSORIES.
Has the company undergone any name changes?
Yes, the company was formerly known as Yong Bai Chao New Retail Corp, ENVIRONMENTAL CONTROL CORP., and BOSS MINERALS INC.
What is the company's fiscal year end?
The company's fiscal year ends on December 31.
What is the total equity as of March 31, 2025?
Total equity can be inferred as Total Assets ($189,495,068) minus Total Liabilities ($189,120,068), which equals $375,000.
Filing Details
This Form 10-Q (Form 10-Q) was filed with the SEC on May 20, 2025 by Fei Wang regarding Nongfu Shop Digital New Retail Co., Ltd (NFSN).