KB Global Holdings Ltd
Key statistics
from XBRL data in SEC filingsAI briefing
from the latest 10-K, 10-Q and 8-K eventsKB Global Holdings Ltd is a Cayman-incorporated, Shenzhen-based holding company with essentially no ongoing revenue and a history of losses, whose operations consist of a PRC subsidiary and a consolidated VIE.
What they do
The company operates through a PRC subsidiary and a consolidated VIE, with a Hong Kong entity, Kesheng HK. Management states the company has realized revenue from only one sale: an enterprise software package sold in the first quarter of 2024 to a single customer. It reports no revenue in the three months ended June 30, 2026.
Revenue drivers
- Enterprise software package sales — The only reported sale was a single enterprise software package sold in Q1 2024 to one customer; annual revenue was $179,613 in 2024 and $0 in 2023 and 2025.
- No current revenue stream — Reported revenue was $0 for the three months ended June 30, 2026, and $0 for the quarters ended 2025-03-31 and 2026-03-31.
Recent performance
For the three months ended June 30, 2026, revenue was $0. The company reported a net loss of $28,090 for the second quarter of 2026 and a net loss of $58,093 for the six months ended June 30, 2026. Operating expenses were described as primarily fees paid to employees and an audit fee. At June 30, 2026, current assets were $9,372 and current liabilities including accrued payables totaled $468,804, which included a $247,772 debt to a related party owed to the CEO.
Strategy
Management states the company will not be able to generate significant additional sales until it obtains sufficient working capital to market its services broadly. The company listed a $247,772 debt owed to its CEO, and management does not expect her to require payment in the near term. The 10-K/A filed August 28, 2026 amended only Item 12 ownership disclosure and did not update other information for subsequent events.
Risks
- No meaningful revenue — The company has reported only one sale, an enterprise software package to a single customer in Q1 2024, and revenue was $0 in the quarter ended June 30, 2026.
- Negative equity and thin liquidity — At June 30, 2026, shareholder equity was negative $440,096, total liabilities were $468,804 against total assets of $28,708, and cash was $692.
- Related-party dependence — The $247,772 owed to the CEO represents more than half of current liabilities, and management does not expect to be required to repay it in the near term.
- Control concentration — Beneficial ownership disclosures show Yaguang Yu with 70.48% and CEO Li Guo with 54.6% of 130,097,000 ordinary shares outstanding.
Outlook
Management says the company cannot generate significant additional sales until it obtains sufficient working capital to market its services broadly. No specific revenue guidance or financing commitment is disclosed in the excerpts.