In This Story
FUSE GROUP HOLDING INC has submitted its annual report on Form 10-K for the fiscal year ended September 30, 2024 filing.
The filing details the company's operations in the mining and biotech sectors, as well as consulting services for mining acquisition targets and business development in North America.
For the fiscal year, FUSE GROUP HOLDING INC reported revenue of $332,024, attributed to consulting services provided to clients in the hospitality industry.
The company recorded a net loss of $40,361 for the year, compared to a net loss of $474,802 in the previous year.
FUSE GROUP HOLDING INC's total assets as of September 30, 2024, were $85,374, with total liabilities amounting to $252,173, resulting in a stockholders' deficit of $166,799.
The company executed a 1-for-5 reverse stock split on September 19, 2024, reducing the number of authorized shares of common stock from 375,000,000 to 75,000,000.
FUSE GROUP HOLDING INC continues to explore potential mining targets in Asia and North America and provides consulting services to the mining industry.
The company is negotiating the renewal of its office lease in Arcadia, California, which expired on November 30, 2024.
FUSE GROUP HOLDING INC has identified risks related to its limited operating history, dependence on key personnel, and competition in its industry.
The company has not identified any material cybersecurity incidents that have affected its operations or financial condition.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the FUST annual 10-K report dated December 26, 2024. To report an error, please email earnings@qz.com.