JFTH · Japan Food Tech Holdings, Inc. · Fails to Deliver
Substantial doubt about the company's ability to continue as a going concern.
“The Company demonstrates adverse conditions that raise substantial doubt about the Company's ability to continue as a going concern for one year following the issuance of these financial statements. These adverse conditions are negative financial trends, specifically negative cash flow from operations, minimal revenues, reoccurring net losses, and significant stockholders' deficiency. The Company has not established sufficient revenue to cover its operating costs. Management plans to fund operating expenses with related party contributions to capital. There is no assurance that management's plan will be successful.”View the 10-Q filed Oct 1, 2024
3 customers — 83% of revenue (the period ended June 30, 2024)
“For the period ended June 30, 2024, 83% of total revenue was generated from three customers in the amount of $4,379.”
5 customers — 95% of receivables (the period ended June 30, 2024)
“For the period ended June 30, 2024, 95% of total accounts receivable was owed by five customers in the amount of $5,514.”
One customer — 84% of receivables (the year ended March 31, 2024)
“For the year ended March 31, 2024, 84% of total accounts receivable was owed by one customer in the amount of $9,467.”
Fails to deliver — shares from a trade that were not delivered to the buyer by the settlement date — published by the SEC twice a month. Persistent fails can reflect settlement problems or naked short selling.
No Fails to Deliver Data
No fails-to-deliver data is available for this listed security yet.