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- Restatement (new) — The company is restating its prior quarterly financial statements, which is a material event for investors.
- Material Weakness (new) — The company restated prior financial statements due to a material error in recording legal fees, indicating a control deficiency.
- Going Concern (worsened) — The going concern language is unchanged, but the restated financials show a working capital deficit of $(277,693) versus a positive $190,055 previously, indicating a materially weaker liquidity position.
revenue $0, net income -$38,536. Goldenwell Biotech restates Q1 2025: wider loss, negative working capital, going concern
Filed June 26, 2026 · Period ending March 31, 2025 · Compared to 10-Q May 27, 2025 · ~1 min read
Key Financials
SEC XBRLPeriod financials are unchanged from the original 10-Q (same period end Mar 31, 2025). This amendment updates disclosure only — see the diff below.
Key Changes
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high
Restated Q1 2025 net loss widens to $38,536 from $34,377, driven by a $4,160 legal fee accrual.
MD&A: Net loss verify on EDGAR → -
high
Working capital swings from positive $190,055 to a deficit of $(277,693) due to $275,833 of accrued legal fees.
MD&A: Working capital verify on EDGAR → -
high
Company discloses its prior 10-Q could no longer be relied upon and fully restates the quarter.
Explanatory Note verify on EDGAR →
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 30, 2026 · How we verify