Hi-Great Group Holding Co
AI Executive Summary
AI-powered analysis of 10-Q filing content
Hi-Great Group shows severe financial distress with negative stockholders' equity of $255.8M, continued operating losses of $7.8M in Q1 2026, and total liabilities exceeding assets by over 12x. The company is technically insolvent with significant related-party debt concentration creating going concern issues.
Red Flags Detected (8)
Stockholders' deficit of $255.8M indicating technical insolvency
Total liabilities ($277.9M) exceed total assets ($22.1M) by 1,257%
Accrued related-party royalties of $172M representing 62% of total liabilities
5 more red flags detected
Key Takeaways
Company is technically insolvent with liabilities exceeding assets by over $255M
Heavy dependence on related party financing creates concentration and control risks
2 more takeaways
Filing Overview
What This Means
High Risk Filing: This company is showing signs of financial stress or significant operational challenges.
Deteriorating Trend: Conditions are worsening compared to previous filings. This may create opportunities for service providers.
Quarterly Report: Interim filing with unaudited financial data for the quarter.