LiquidValue Development Inc. reported significant financial challenges in its latest 10-Q filing for the second quarter of 2025. The company generated revenue of $6,602 for the three months ended June 30, 2025, a decline of approximately 49% from $12,903 in the same period of 2024. For the first half of 2025, revenue plummeted to $17,811 compared to $5,058,305 in the prior year, primarily due to the completion of sales for its remaining properties in the Lakes at Black Oak and Alset Villas projects in 2024. The company recorded a net loss of $264,926 for the second quarter and a net loss of $983,241 for the first half of 2025, contrasting sharply with a net income of $804,694 during the same period in 2024.
The financial performance reflects a broader trend of operational decline, with total assets decreasing to $36.8 million as of June 30, 2025, down from $38.8 million at the end of 2024. The company's liabilities also saw a significant reduction, falling from $2.99 million to $2.03 million, largely due to decreased accounts payable and accrued interest. However, stockholders' equity decreased to $34.8 million from $35.8 million, indicating ongoing financial strain. The company’s cash position improved slightly, with cash and restricted cash totaling $3.24 million, up from $2.93 million at the end of 2024.
Operationally, LiquidValue has faced challenges in maintaining revenue streams, as the sale of its last lots in the Lakes at Black Oak project concluded in early 2024. The company has also experienced a decline in rental income from its model homes, with revenue from these leases dropping significantly. The company is currently exploring new leasing opportunities to stabilize its income. Additionally, the company has received a letter of financial support from its parent company, Alset Inc., which has committed to providing necessary funding for the next twelve months.
Looking ahead, LiquidValue's management has indicated that they expect to collect approximately $7.8 million in developer reimbursements related to ongoing projects. However, the company’s ability to continue as a going concern remains uncertain, as it has sold off most of its revenue-generating assets. The recent acquisition agreement with SeD Intelligent Home Inc. and the planned merger with Winning Group may provide new avenues for growth, but the company will need to navigate its current financial challenges carefully to ensure long-term viability.
About LiquidValue Development Inc.
About 10-Q Filings
A 10-Q form is an important financial report that public companies in the United States must submit every three months. It gives a clear picture of a company's financial health and recent performance.
Key points about the 10-Q:
- Frequency: Companies file it three times a year, covering the first three quarters. The fourth quarter is covered in a more comprehensive annual report.
-
Content: It includes:
- Financial statements showing the company's current financial position
- Updates from management on the performance and projections of the business
- Information about potential risks the company faces
- Details on how the company is run internally
- Deadline: Must be filed within 40 or 45 days after the quarter ends, depending on the size of the company.
Our Methodology
AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.
Our method:
- Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
- AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
- Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
- Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
- Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Feedback & Corrections
Spot an error or have a suggestion? Contact us.