GNLN 最新10-Q变化

相对上期新增的文字 · 来源:10-Q · 2026-08-14

• Through participation in the Berachain ecosystem, the Company earned Berachain Governance Token (“BGT”), a non-transferable governance token, through July 7, 2026. On July 7–8, 2026, subsequent to the balance sheet date, the Berachain network implemented a protocol upgrade that permanently discontin…

• The Company’s legacy business operates through vapor.com as an asset-light drop-ship referral service. The Company holds no inventory and does not handle or manufacture physical goods; revenue is earned on a referral basis as orders are fulfilled directly by third-party suppliers.

• This business is currently managed to preserve liquidity and fulfill contractual obligations. The Company does not currently prioritize expansion of this segment.

• On July 22, 2026, the staff of the SEC, acting pursuant to delegated authority, approved an amendment to the Nasdaq listing standards (Release No. 34-105971; SR-NASDAQ-2026-004) that would establish a minimum market value of listed securities requirement of $5.0 million for continued listing on the …

• Absent the stay, the Company’s current market value of listed securities would be below the $5.0 million threshold under the amended rule. The amended rule, as approved, does not provide a compliance or cure period, and, if the amended rule takes effect following Commission review and the Company do…

相对上期删除的文字 · 来源:10-Q · 2026-05-15

• Through ongoing participation in the Berachain ecosystem, the Company may earn Berachain Governance Token (“BGT”), a non-transferable governance token. BGT may provide governance influence within the ecosystem, subject to protocol rules. The Company does not control protocol governance and cannot as…

• The Company’s legacy business consists of lifestyle accessories and consumer products historically distributed through wholesale and direct-to-consumer channels.

• The legacy business is currently managed to preserve liquidity and fulfill contractual obligations. The Company does not currently prioritize expansion of this segment. As of December 31, 2025, the Company no longer maintained warehouse inventory and had transitioned the remaining business to a drop…

• Beginning in October 2025, the Company transitioned to a digital asset treasury strategy following a $110.7 million private investment in public equity transaction, which included cash, stablecoins, and BERA, the principal token of the Berachain ecosystem. During the remainder of 2025 and the three …

• During the fourth quarter of 2025 and into the first quarter of 2026, digital asset markets experienced broad-based volatility and price declines. The Company’s BERA holdings were also impacted by market volatility. For the three months ended March 31, 2026, the Company recognized a fair value loss …

相对上期新增的文字 · 来源:10-Q · 2026-08-14

• During the quarter ended June 30, 2026, management continued executing its remediation plan and made further progress. Management has substantially completed the design and implementation of certain remediation measures related to digital asset treasury operations and to core control activities — in…

• During the quarter, management designed and prepared to implement a new enterprise resource planning (“ERP”) system to replace legacy reporting infrastructure, which went live on July 1, 2026, subsequent to the balance sheet date. The condensed consolidated financial statements as of and for the thr…

• During the quarter ended June 30, 2026, management designed changes to internal control over financial reporting in connection with the planned go-live of its new ERP system and the Company’s digital asset treasury control environment, including enhancements to user access controls, digital asset va…

相对上期删除的文字 · 来源:10-Q · 2026-05-15

• During the quarter ended March 31, 2026, management continued executing its remediation plan and made progress in several key areas.

• With respect to information systems and access controls, the Company is actively implementing a new enterprise resource planning (“ERP”) system to support its financial reporting, consolidation, and control environment. The ERP implementation is currently in progress, with a targeted go-live date of…

• During the quarter ended March 31, 2026, management continued implementing changes to its internal control over financial reporting related to the Company’s ERP modernization efforts and digital asset treasury control environment, including enhancements to user access controls, digital asset valuati…

相对上期新增的文字 · 来源:10-Q · 2026-08-14

• If an amendment to the Nasdaq continued listing standards approved pursuant to delegated authority takes effect following Commission review, our Class A common stock could be subject to delisting without a compliance or cure period, accompanied by an immediate suspension of trading.

• On July 22, 2026, the staff of the SEC, acting pursuant to delegated authority, approved an amendment to the Nasdaq listing standards that would establish a minimum market value of listed securities requirement of $5.0 million for continued listing on the Nasdaq Capital Market. Petitions seeking rev…

• Adverse outcomes in pending legal proceedings, including matters for which we have not recorded an accrual, could materially and adversely affect our liquidity and financial condition.

• We are subject to various legal proceedings and claims arising in the ordinary course of business and otherwise, including the matters described in Note 5 to our condensed consolidated financial statements included elsewhere in this Quarterly Report. For certain of these matters, including the direc…