King Resources files audited FY2026 results, posts net loss of $2.18 million

KING RES INC

KING RES INC

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  • King Resources filed an audited restatement of fiscal 2026 results via Form 10-K/A, revising Note 8 stockholders’ deficit disclosures on deferred compensation.
  • Revenue rose to US$ 830,662 from US$ 76,921; net loss was US$ 2.18 million versus net income of US$ 1.95 million.
  • Sales and marketing expense jumped to US$ 1.99 million from US$ 135,517, driven mainly by consulting fees.
  • Cash and cash equivalents ended at US$ 8,789; working capital deficit widened to US$ 1.19 million from US$ 954,533.
  • Deferred compensation was US$ 2.47 million at March 31, 2026; share-based compensation expense was US$ 1.95 million.


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