M&A - China Green Agriculture, Inc.

Form Type: 10-Q

Filing Date: 2025-02-24

Corporate Action: Acquisition

Type: Update

Accession Number: 000121390025016638

Filing Summary: Enlightify Inc. reports significant financial information for the quarter ended December 31, 2024. The company's total assets decreased slightly to $162.43 million from $163.25 million as of June 30, 2024. Current assets include $49.14 million in cash and cash equivalents and $19.60 million in accounts receivable. The total liabilities increased from $63.15 million to $69.88 million, driven largely by accounts payable and customer deposits. The firm's net loss for the period was $5.13 million, slightly less than the $5.37 million loss in the prior year, with a basic net loss per share of $0.35. Operating expenses totaled $8.26 million, impacting gross profits of $3.47 million. The document outlines the company's operations and reports ongoing acquisition efforts, specifically related to Lonestar Dream, Inc. The acquisition is in progress, aiming to enhance the company's portfolio in the agriculture sector.

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