SNTW 最新10-Q变化

相对上期新增的文字 · 来源:10-Q · 2026-05-19

• During fiscal 2025, the Company completed a defined internal development phase involving digital workflow tools, systems integration concepts, and preliminary technical capability-building activities. Certain limited customer deliverables were completed during this phase under project-based arrangem…

• These activities included workflow digitization support, operational record-keeping tools, and internal evaluation of technology-enabled process management approaches. Management views these activities primarily as preparatory and capability-building initiatives rather than the establishment of larg…

• During the three months ended March 31, 2026, the Company continued advancing the early-stage implementation of its Board-approved 2026 strategic framework. Following the adoption of this framework, management’s primary focus transitioned toward evaluating potential acquisition opportunities involvi…

• Consistent with the Company’s previously disclosed strategic direction, management continued conducting preliminary assessment activities in selected Asian markets in support of its acquisition evaluation process. These activities included ongoing market observation, initial industry engagement, and…

• As part of this process, senior management conducted limited on-the-ground evaluation activities designed to improve management’s understanding of operational execution, service reliability, and cross-border logistics workflows. Management believes that practical operational observation may provide …

相对上期删除的文字 · 来源:10-Q · 2025-11-14

• On March 28, 2025, we entered into an agreement with Zenox Enterprises Inc. to collaborate on the development of a digital wellness platform with AI-enabled features. Our Sumnet IT team, established in November 2024, is responsible for the technical development of this platform. In April 2025, to al…

• During the quarter, our subsidiary completed two deliverables for small-to-medium enterprise (SME) customers:

• 1.A Web2 tools package supporting website updates and workflow digitization; and

• 2.A Web2+Web3 interaction layer that links business events to modular, time-stamped, verifiable records on a blockchain for auditability.

• We recognized approximately $9,262 of revenue from these deliverables, consistent with the amounts reported in our financial statements. This represented the initial commercialization of our SME digital-upgrade offering.

相对上期新增的文字 · 来源:10-Q · 2026-05-19

• Management is responsible for establishing and maintaining adequate internal control over financial reporting. Internal control over financial reporting is designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for extern…

• Based on management’s evaluation, the Company identified material weaknesses in internal control over financial reporting as of March 31, 2026. The material weaknesses related primarily to the following:

• Due to the limited number of accounting and finance personnel, certain incompatible duties and responsibilities are not adequately segregated. This condition increases the risk that errors or irregularities in financial reporting may not be prevented or detected on a timely basis.

• 2. Lack of Documented Internal Control Policies and Procedures

• The Company does not currently have sufficiently documented internal control narratives, risk assessments, or formal control policies and procedures to support consistent and effective financial reporting processes. The absence of formal documentation limits management’s ability to evaluate, monitor…

相对上期删除的文字 · 来源:10-Q · 2025-11-14

• Management conducted its evaluation of disclosure controls and procedures under the supervision of the Chief Executive Officer and the Chief Financial Officer. Based on this evaluation, the Chief Executive Officer and Chief Financial Officer concluded that disclosure controls and procedures were not…

• 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 of 1934, as amended. Our internal control over financial reporting is designed to provide reasonable assuran…

• Our internal control over financial reporting includes those policies and procedures that: (i) pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and dispositions of our assets, (ii) provide reasonable assurance that transactions are record…

• Management, including our Principal Executive Officer and Principal Financial Officer, assessed the effectiveness of our internal control over financial reporting as of September 30, 2025. In making this assessment, management used the criteria set forth by the Committee of Sponsoring Organizations …

• It should be noted that any system of controls, however well designed and operated, can provide only reasonable, and not absolute, assurance that the objectives of the system are met. In addition, the design of any control system is based in part upon certain assumptions about the likelihood of futu…