Cluster Group Holdings Reports Continued Net Loss and No Revenue in Q1 2026

Cluster Group Holdings Limited Co., formerly known as China Teletech Holdings Inc., has reported its financial results for the first quarter of 2026, revealing a continued lack of revenue generation. For the three months ended March 31, 2026, the company reported a net loss of $6,398, a decrease from the net loss of $8,763 recorded in the same period of the previous year. The company has not generated any revenues during this period, maintaining a consistent trend from prior quarters. Operating expenses also decreased to $6,398 from $8,763, primarily due to lower general and administrative costs.

The company's total liabilities increased to $67,791 as of March 31, 2026, compared to $61,393 at the end of 2025. This rise is attributed to an increase in accounts payable and accrued expenses, which grew from $19,047 to $25,369. The company continues to rely on advances from related parties to cover its operational costs, with outstanding amounts due to related parties slightly increasing to $42,422 from $42,346. The absence of cash reserves remains a significant concern, as the company reported no cash on hand at the end of the reporting period.

Strategically, Cluster Group Holdings has undergone significant organizational changes, including a name change and a reverse stock split executed on January 28, 2025, at a ratio of 1-for-100,000. This restructuring aims to better align the company with its new business direction, which focuses on seeking merger and acquisition opportunities, particularly in the food and ingredient industry. The company has not yet identified any specific business combination but is actively pursuing potential candidates.

Despite the lack of operational revenue, the company has indicated a commitment to implementing its business plan, which revolves around a "cluster consumption" model in the food industry. This model aims to optimize supply chain logistics and enhance efficiency through community-based demand aggregation. The management believes that successful execution of this strategy could lead to future revenue generation, although there are no guarantees regarding the timing or success of such efforts.

Looking ahead, the company acknowledges substantial doubts about its ability to continue as a going concern, given its accumulated deficit of $7,666,863 and ongoing operational losses. Management plans to raise additional funds through public or private offerings to support its business activities. However, the company has not established any formal financing agreements, and its future remains contingent on successfully identifying and executing a viable business combination.