Winning Catering Group, Inc. reported significant financial changes in its latest 10-Q filing for the quarter ending March 31, 2026. The company recorded no revenue during this period, a stark decline from $11,209 in the same quarter of the previous year. This drop is attributed to the company's transition into a shell status following the distribution of its assets to shareholders in August 2025, which left it without material operations or revenue sources. The net loss for the quarter was $66,219, a notable improvement compared to a net loss of $718,315 for the same period in 2025.
The company's operating expenses also saw a substantial decrease, falling from $1,094,892 in the first quarter of 2025 to $66,219 in the latest quarter. This reduction is primarily due to the deconsolidation of Alset Real Estate Holdings Inc., which was part of the asset distribution. The company reported no cost of revenue for the current quarter, while costs associated with revenue from model home leases were recorded in the previous year. The general and administrative expenses were significantly lower, reflecting the company's streamlined operations.
As of March 31, 2026, Winning Catering Group had total assets of $0, down from $5,912 at the end of 2025. The liabilities increased to $60,307, primarily due to amounts owed to related parties. The company’s stockholders’ equity also shifted to a deficit of $60,307, compared to a positive equity of $5,912 at the end of the previous fiscal year. The company continues to have 704,043,324 shares of common stock issued and outstanding, with no changes in the number of shares since the previous quarter.
Looking ahead, the company is pursuing a merger with Winning Catering Management Limited, which is part of a strategic plan to establish new business operations and address concerns regarding its ability to continue as a going concern. The merger, which has not yet been finalized, is expected to provide a pathway for revitalizing the company’s operations. However, as of the report's issuance, the company has no commitments for additional financing and will require new capital or a successful merger to sustain its operations and meet ongoing reporting obligations.
About LiquidValue Development Inc.
LiquidValue Development Inc. specializes in land development and real estate operations, including residential land subdivision, homebuilding, and rental properties. The company develops buildable lots, constructs homes, and manages rental communities across the U.S., leveraging strategic partnerships and government reimbursements. Its core value lies in creating sustainable, eco-friendly communities with energy-efficient technologies, focusing on long-term property value and diversified real estate services.
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