INHD — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-08-18

• We are a Texas holding company. Through our Hong Kong operating subsidiaries, we are an innovative technology company that engages primarily in the business of recycled consumer electronic devices, as we source and purchase pre-owned consumer electronic devices such as smartphones and tablets from s…

• On May 15, 2026, the Company entered into a sales agreement (the “May 2026 Sales Agreement”) with Aegis Capital Corp. (the “Sales Agent”), in connection with an “at the market” offering program. Pursuant to the May 2026 Sales Agreement, the Company may offer and sell, from time to time, to or throug…

• The Company is not obligated to sell any Placement Shares under the Sales Agreement. Subject to the terms and conditions of the Sales Agreement, the Sales Agent will use commercially reasonable efforts, consistent with its normal trading and sales practices and applicable state and federal laws, rul…

• In accordance with the Sales Agreement, the Company will pay the Sales Agent in cash, upon each sale of Placement Shares pursuant to the Sales Agreement, an amount equal to three percent (3.0%) of the gross proceeds from each sale of Placement Shares. The Sales Agreement may be terminated by the Com…

• From May 15, 2026 to June 30, 2026, the Company sold an aggregate of 39,123 shares of common stock, which was previously issued under the Sales Agreement dated November 12, 2025, for the gross proceeds of approximately $41,000 through the Sales Agent pursuant to the May 2026 Sales Agreement.

Text removed vs the prior filing · source: 10-Q · 2026-05-01

• We are a Texas holding company. Through our Hong Kong operating subsidiaries, we are an innovative technology company that engages in the business of recycled consumer electronic devices. Our Hong Kong operating subsidiaries source and purchase pre-owned consumer electronic devices such as smartphon…

• On December 26, 2025, the Company entered into a securities purchase agreement with certain investors, pursuant to which the Company agreed to issue and sell, by the Company directly to the investors (the “December 2025 Offering”), an aggregate of 3,000,000 shares (the “December 2025 Shares”) of its…

• Net profit/(loss) from discontinued operations - (48,127) -100%

• Selling, general and administrative expenses (exclusive of items shown separately below) 1,373,705 1,881,397 -27%

• Net profit/(loss) from discontinued operations - (195,796) -100%

Text added vs the prior filing · source: 10-Q · 2026-08-18

• We plan to hire additional personnel or consultant with relevant experience and qualifications to design and implement internal control over key business cycles to strengthen the internal control system. However, we cannot assure you that we will remediate our material weaknesses in a timely manner.

Text removed vs the prior filing · source: 10-Q · 2026-05-01

• ● Lack of sufficient in-house accounting personnel with the requisite knowledge and experience in the application of U.S. GAAP.

• We plan to hire additional personnel or consultant with relevant experience and qualifications to design and implement internal control over key business cycles to strengthen the internal control system, and plan to hire additional in-house accounting personnel with the requisite knowledge and exper…

Text added vs the prior filing · source: 10-Q · 2026-08-18

• On June 24, 2026, Kingbird Ventures LLC (“Kingbird”) filed a complaint and ex parte motion in the U.S. District Court for the Southern District of Texas (the “Court”) for a temporary restraining order and preliminary injunction. On June 25, 2026, the Court entered a temporary restraining order (the …

• As of the date of this report, the parties’ motions are pending before the Court. The Company cannot predict when the Magistrate Judge will rule on the pending motions. The Company and its CEO, Ding Wei have to file an answer to the complaint or a motion to dismiss by September 28, 2026, based on th…

Text removed vs the prior filing · source: 10-Q · 2026-05-01

• We are not currently a party to any material legal proceedings, investigations or claims. From time to time, we involve in legal matters arising in the ordinary course of our business. There can be no assurance that such matters will not arise in the future or that any such matters in which we are i…

Text added vs the prior filing · source: 10-Q · 2026-08-18

• Our business is primarily focused on recycled consumer electronics product trading, and our efforts to diversify into AI-related businesses may not succeed.

• Our current business operations are primarily focused on recycled consumer electronic devices. As a result, our business and financial performance are substantially dependent on market conditions affecting this industry, including the availability and cost of recycled consumer electronics products, …

• We may seek to diversify and enhance our business prospects by developing, investing in or acquiring AI-related systems or products through our subsidiaries. For example, On June 8, 2026, we entered into a Development Services Agreement, through a subsidiary, with a Hong Kong based AI service provid…

• The trading halt of our common stock from June 9, 2026 to July 31,2026 or any future trading halts could expose us to securities litigation and other claims.

• On June 8, 2026, the Nasdaq Stock Market LLC imposed a trading halt under Code T12 on our common stock. Although the trading halt was lifted and our common stock resumed trading on Nasdaq on July 31, 2026, stockholders and other investors may institute securities class action litigation or other leg…

Text removed vs the prior filing · source: 10-Q · 2026-05-01

• Without obtaining adequate capital funding or improving our financial performance, we may not be able to continue as a going concern.

• Our recurring losses from operations and historical negative cash flows raise substantial doubt about our ability to continue as a going concern without additional capital-raising activities. As disclosed in the notes to our consolidated financial statements in our 2025 Annual Report, our independen…

• We are a Texas holding company with no material operations of our own and not a Hong Kong operating company. Our operations are conducted in Hong Kong primarily through our wholly-owned Hong Kong operating subsidiaries. There are legal and operational risks associated with our corporate structure as…

• We are a Texas holding company with no material operations of our own and not a Hong Kong operating company. Our operations are conducted primarily in Hong Kong through our wholly-owned Hong Kong operating subsidiaries. Our stockholders own equity interests in only our Texas holding company, instead…

• A portion of our assets are located in Hong Kong and all of our officers and directors reside either in mainland China or in Hong Kong. As a result, it may be difficult for stockholders to enforce any judgment obtained in the United States against us, our officers or directors, which may limit the r…