SEII — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-08-14

• The following information should be read in conjunction with (i) the financial statements of Sharing Economy International Inc., a Nevada corporation (the “Company”), and the notes thereto appearing elsewhere in this Form 10-Q together with (ii) the more detailed business information and the Decembe…

• The Company was incorporated in the State of Nevada on July 25, 2012, and established a fiscal year end of December 31.

• Material hurdles remain before we can significantly increase sales of our products and services. We must complete the design and development of our technology platform and establish relationships with third parties for the manufacture or supply of electric vehicles, charging infrastructure, and rela…

• We currently estimate that approximately $1.5 million of additional capital will be required to complete these activities, which we expect could take approximately 12 months, subject to the availability of sufficient funding and other factors. We expect to fund these activities through a combination…

• We currently have no committed financing arrangements, and there can be no assurance that we will be able to obtain sufficient financing on acceptable terms, or at all. Any equity financing could result in substantial dilution to our existing shareholders. If we are unable to obtain sufficient finan…

Text removed vs the prior filing · source: 10-Q · 2026-05-12

• Effective January 1, 2023, the Company approved and completed the internal corporate restructuring actions to streamline, right-size and optimize specific organizational structure by disposing of several subsidiaries.

• Our discussion and analysis of our financial condition and results of operations are based upon our condensed consolidated financial statements, which have been prepared in accordance with accounting principles generally accepted in the United States. The preparation of these condensed consolidated …

• We base our estimates on historical experience and on various other assumptions that we believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. An…

• Our functional currency is the U.S. dollar, and the functional currency of our operating subsidiaries is Hong Kong Dollar.

• Our exposure to foreign exchange risk primarily relates to currency gains or losses resulting from timing differences between signing of sales contracts and settling of these contracts. Our results of operations and cash flow are translated at average exchange rates during the period, and assets and…

Text added vs the prior filing · source: 10-Q · 2026-08-14

• Our management, with the participation of our Chief Executive Officer and our Chief Financial Officer, evaluated the effectiveness of our disclosure controls and procedures as defined in Rule 13a-15(e) under the Exchange Act as of the end of the period covered by this Quarterly Report on Form 10-Q. …

• Based on that evaluation, our Chief Executive Officer and our Chief Financial Officer concluded that, as of June 30, 2026, our disclosure controls and procedures were not effective to provide reasonable assurance that information we are required to disclose in reports that we file or submit under th…

• Our management, with the participation of our Chief Executive Officer and our Chief Financial Officer, has concluded there were no significant changes in our internal controls over financial reporting that occurred during this quarter that have materially affected, or are reasonably likely to materi…

Text removed vs the prior filing · source: 10-Q · 2026-05-12

• As required by Rule 13a-15 under the Exchange Act, our management, including Wu Shanna, our chief executive officer, and Ka Man Lam, our chief financial officer, evaluated the effectiveness of the design and operation of our disclosure controls and procedures as of March 31, 2026.

• Disclosure controls and procedures refer to controls and other procedures designed to ensure that information required to be disclosed in the reports we file or submit under the Securities Exchange Act is recorded, processed, summarized and reported within the time periods specified in the rules and…

• Management conducted its evaluation of disclosure controls and procedures under the supervision of our chief executive officer and our chief financial officer. Based on that evaluation, the management concluded that, because our internal controls over financial reporting are not effective, as descri…

• Management’s Report on Internal Control over Financial Reporting

• Our management is responsible for establishing and maintaining adequate internal control over financial reporting as defined in Rules 13a-15(f) and 15d-15(f) under the Securities Exchange Act. Our management is also required to assess and report on the effectiveness of our internal control over fina…