Nongfu Shop Digital New Retail Co., Ltd., formerly known as Yong Bai Chao New Retail Corporation, reported no revenue for the three and six months ended June 30, 2025, consistent with the same periods in 2024. The company incurred operating expenses of $9,412 for the second quarter of 2025, a marginal increase from $9,403 in the prior year. For the first half of 2025, total operating expenses decreased to $19,878, down 27.02% from $27,236 in the same period of 2024. This reduction in expenses was attributed to lower accounting, audit, and legal fees, despite a slight increase in Edgar filing fees.
The company’s net loss for the second quarter of 2025 was $9,412, compared to a loss of $9,403 in the same quarter of 2024. For the six-month period, the net loss was $19,878, a decrease from $27,236 in the previous year. As of June 30, 2025, Nongfu Shop reported total liabilities of $166,331, with an accumulated deficit of $3,735,380. The company has no cash on hand and a working capital deficit of $166,331, raising concerns about its ability to continue as a going concern.
In terms of strategic developments, the company underwent a name change to Nongfu Shop Digital New Retail Co., Ltd. on April 11, 2025, as part of its efforts to reposition itself in the market. The company is currently focused on identifying a new and profitable operating business with growth potential, as it has minimal liabilities and no substantial business operations. Management anticipates that expenses will primarily consist of legal and accounting fees related to maintaining its public company status until a new business is acquired.
Operationally, the company has not reported any significant changes in customer counts or user statistics, as it remains a shell company with no revenue-generating activities. The company’s management has indicated that it will continue to rely on equity sales and shareholder advances to fund operations, although there is no assurance that it will successfully raise additional capital. The company’s future performance is contingent upon its ability to secure a viable business opportunity and generate revenue.
Looking ahead, Nongfu Shop Digital New Retail Co., Ltd. acknowledges the challenges it faces due to its current lack of operations and revenue. The management's focus remains on seeking potential business acquisition opportunities while managing its existing liabilities. The company expects to continue experiencing negative cash flow in the near term, and its ability to sustain operations will depend on securing additional capital resources.
About Nongfu Shop Digital New Retail Co., Ltd
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