Going concern
Filing comparison
China Foods Holdings Ltd. disclosed substantial doubt about its ability to continue as a going concern
No going-concern disclosure → Substantial doubt about ability to continue as a going concern
Going Concern The management has evaluated the Company’s ability to continue as a going concern for at least 12 months from the date of the financial statements. The Company has incurred recurring losses, has a net working capital deficit, and as of December 31, 2025, current liabilities exceeded current assets; accordingly, these conditions raise substantial doubt about the Company’s ability to continue as a going concern. In assessing this matter, management considered its current cash resources, expected operating cash flows, and planned actions to preserve liquidity, including continued…
Evidence
- Blank check
- No
- Comparable
- Yes
- Current state
- substantial_doubt
- Current state label
- Substantial doubt about ability to continue as a going concern
- Direction
- escalated
- Located in
- going-concern note
- Prior filed
- 2025-04-14
- Prior form
- 10-K
- Prior state
- none
- Prior state label
- No going-concern disclosure
- Source
- ASC 205-40 going-concern note comparison
- Why
- Disclosure about the company's ability to continue as a going concern changed compared with its previous report.