JFTH · Japan Food Tech Holdings, Inc. · Insider Trading
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.”
Trades by corporate insiders — officers, directors and holders of more than 10% of the shares — disclosed to the SEC on Forms 4 and 5. Form 3 supplies initial ownership rather than a trade; Form 4 must be filed within two business days of the trade.
| Date | Insider | Role | Type | Security | Shares |
|---|---|---|---|---|---|
| 2022-07-01 | Next Meats Holdings, Inc. |
Insider |
Sell↓
|
Series Z Preferred Stock
|
5,000 |
| 2022-07-01 | White Knight Co., Ltd. |
10% Owner |
Buy↑
Filing footnotes — Series Z Preferred Stock (Direct)
Koichi Ishizuka owns and controls White Knight Co., Ltd., a Japan entity. |
Series Z Preferred Stock
|
5,000 |
| 2022-07-01 | Ishizuka Koichi |
Director, CEO, CFO, 10% Owner |
Buy↑
Filing footnotes — Series Z Preferred Stock (Indirect)
Koichi Ishizuka owns and controls White Knight Co., Ltd., a Japan entity. Indirectly, Koichi Ishizuka is the beneficiary of the shares held by White Knight Co., Ltd. |
Series Z Preferred Stock
(I)
|
5,000 |
| 2021-07-23 | CRS Consulting, LLC |
10% Owner |
Sell↓
|
Series Z Preferred Stock
|
10,000 |