Gold Rock Holdings Reports Revenue Surge and Strategic Shift in Latest Quarterly Filing

Gold Rock Holdings, Inc. reported significant financial improvements in its latest quarterly filing for the period ending June 30, 2025. The company generated sales of $70,800 for the three months ended June 30, 2025, a substantial increase from $6,500 in the same period last year. For the six-month period, revenue rose to $138,300 compared to $6,500 in the prior year. The gross profit margin remained at 100% for both periods, reflecting no cost of sales. The net income for the second quarter was $15,385, a notable turnaround from a net loss of $92,999 in the same quarter of 2024. However, the company reported a net loss of $63,770 for the first half of 2025, an improvement from a loss of $258,595 in the same period last year.

The financial statements also revealed a significant increase in operating expenses, which totaled $55,415 for the three months ended June 30, 2025, down from $99,499 in the same quarter of 2024. This decrease was attributed to lower consulting fees and general administrative expenses. For the six-month period, operating expenses were $202,070, compared to $265,095 in the previous year. The company’s total assets as of June 30, 2025, were $258,844, with cash holdings of $210,044, a slight increase from $209,614 at the end of 2024.

Strategically, Gold Rock Holdings has undergone a significant transformation, shifting its business model from engineering and construction management services to focusing on technological asset management. This change was initiated following a change in control on October 2, 2023. The company formed a wholly-owned subsidiary, Loot 8, Inc., in December 2023, which has developed a Web3 content management system aimed at creating a new monetization model through SocialFi. The subsidiary is currently in the early stages of marketing its platform, which aims to empower individuals to monetize their relationships beyond traditional influencer models.

Operationally, the company has reported a customer count of one for both its K-Project division and Loot 8, Inc. during the reporting periods. The K-Project division has been working on AI applications, including a translation app that allows for real-time translations without internet connectivity. The company has also expanded its employee headcount, with recent appointments including Anthony Denkinger as Chief Operations Officer. However, the company continues to face challenges, including an accumulated deficit of $1,170,501, raising concerns about its ability to continue as a going concern without additional financing.

Looking ahead, Gold Rock Holdings aims to further implement its business plan, focusing on expanding its sales and marketing efforts for the Loot 8 platform and its K-Project AI solutions. The management has expressed optimism about generating revenues and securing additional funding to support operations. However, the company acknowledges that its ability to continue as a going concern is contingent upon its success in achieving profitable operations and obtaining necessary financing.