Vanguard Green 10-K: Going Concern Warning, $98,247 FY26 Loss, $55 Cash Left
VGES has more than doubled off its 52-week low of $0.08 on light trading volume (0.1× avg).
Summary
Vanguard Green's FY2026 10-K shows a $98,247 net loss, $55 of cash, a $822,825 working capital deficit and an auditor going-concern warning, with all operating assets written off and no revenue.
Key Events · Earnings and Guidance · VGES
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Auditor Raises Going Concern Doubt
The independent auditor's report states substantial doubt about the company's ability to continue as a going concern, citing a $98,247 net loss, current liabilities exceeding current assets by $822,825, an accumulated deficit of $2,659,068 and negative operating cash flow of $74,388 for the year ended July 31, 2026.
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Cash Down to $55
Cash and cash equivalents stood at $55 at July 31, 2026 versus $93 a year earlier; total assets were $16,030, almost entirely $15,975 of prepayments.
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All Operating Assets Written Off
The company wrote off its entire patent and trademark and all property, plant and equipment as of April 30, 2026, citing no further economic benefit; revenue was zero in both fiscal 2026 and 2025.
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Funded by CEO Loans
Operations were financed by a $74,350 loan from director Niu Yen-Yen during the year, lifting the director loan balance to $529,557 from $445,001; a third-party loan of $150,653 is also outstanding and repayable on demand.
Analysis · VGES · Trade & Services
The auditor's report carries an explicit substantial doubt about the company's ability to continue as a going concern. Current liabilities exceed current assets by $822,825, the accumulated deficit stands at $2,659,068, and the fiscal year ended with just $55 of cash. No revenue and no operating business remain: the patent, trademarks and all property and equipment were written off as of April 30, 2026, and the company reports 2 employees. Survival now hinges entirely on continued loans from CEO Niu Yen-Yen, whose loan balance grew to $529,557 from $445,001, plus a $150,653 third-party loan. The filing also discloses material weaknesses in internal controls (no segregation of duties, no audit committee) and no independent directors. With 59,434,838 shares outstanding against 600,000,000 authorized, any future equity funding would be heavily dilutive to existing holders.
How filings like this one have moved
In the 30 days to Oct 28, 2026, 45.8% of the 251 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.67%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, VGES was trading at $0.56 on OTC in the Trade & Services sector, with a market capitalization of approximately $33.3M. The 52-week trading range was $0.08 to $2.55. This filing was assessed with negative market sentiment and an importance score of 9 out of 10.