KB Global Holdings reports substantial doubt about its ability to continue as a going concern due to zero revenue and a mounting working capital deficit.
SEC EDGAR, 2026-11-13: 10-Q — "substantial doubt"
KB Global Holdings reports substantial doubt about its ability to continue as a going concern due to zero revenue and a mounting working capital deficit.
Company: KB Global Holdings Ltd (KBGHF) Filed: 2026-11-13, 10-Q (Item none) Phrase: "substantial doubt" — "These conditions, before consideration of management’s plans described below, raise substantial doubt about the Company’s ability to continue as a going concern for one year after the date that these consolidated financial statements are issued." What the filing says: The company generated no revenue and incurred a net loss of $78,982 during the nine months ended September 30, 2026. As of that date, it had a working capital deficiency of $479,305, an accumulated deficit of $557,447, and cash and cash equivalents of just $90. Management plans to alleviate this doubt through continued financial support from Director Ms. Guo Li (who has confirmed her intention to not call for repayment of $264,634 due to her for at least twelve months), pursuing new software development engagements, and deferring executive compensation. Two ways it goes: A. The company secures revenue-generating software development contracts or additional director funding to sustain operations. B. The company runs out of cash and is forced to suspend operations or liquidate. Next date: none named Watch: The announcement of new revenue-generating software development contracts or further cash advances from Ms. Guo Li. Tags: going concern, demand falling, event changed fundamentals