Marwynn Holdings, Inc.

Listed Company

MWYNCIK 0002030522NasdaqEmerging GrowthWholesale-Groceries, General LineNevadaFY ends Apr 30

Period

FY 2025

Revenue

$11.11M

Net Income

$-4.40M

Total Assets

$14.94M

Equity

$4.97M

Shares Out

20.19M

Op. Cash Flow

$-5.27M

Business

Marwynn Holdings, Inc. operates as a holding company providing food and beverage supply chain and brand management services and indoor home improvement products. It sources, imports and distributes Asian food, snacks and non‑alcoholic beverages and offers supply chain consulting, logistics, customs compliance, warehousing, brand management and technology integration, while supplying kitchen cabinets, countertops, sinks, flooring and related home improvement products. The company operates through two segments: FuAn (food and beverage supply chain and brand management) and Grand Forest (indoor home improvement). It serves U.S. wholesalers, grocery and warehouse clubs, retailers, homeowners, interior designers and dealers through national distribution networks, showrooms and online channels.

Summary from filing dated 2025-08-08

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-04-30	FY 2024 2024-04-30
Revenue, net	11	12
Cost of revenue	−6	−7
Gross profit	5	5
Selling expenses	−2	−737,121
General & administrative expenses	−7	−3
Total operating expenses	−9	−4
Income (loss) from operations	−4	1
Other expense	−2,678	−840
Interest expense	−33,196	−27,835
Total other expenses, net	−35,874	−28,675
Income (loss) before income tax provision	−4	1
Income tax provision (benefit)	2,930	−363,735
Net Income (loss)	−4	998,075
Net income (loss) per common stock Basic (in Dollars per share)	−0.29	0.07
Net income (loss) per common stock diluted (in Dollars per share)	−0.29	0.07
Weighted average number of common shares outstanding Basic (in Shares)	15	15
Weighted average number of common shares outstanding Diluted (in Shares)	15	15

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-04-30	FY 2024 2024-04-30	FY 2023 2023-04-30
Cash and cash equivalents	1	1	79,475
Accounts receivable, net	1	1	—
Inventories, net	5	4	—
Prepaid expenses and other current assets	3	188,001	—
Total Current Assets	10	7	—
Property and equipment, net	270,504	342,809	—
Intangible assets, net	177,083	227,083	—
Operating lease right-of-use assets, net	4	5	—
Finance lease right-of-use assets, net	54,253	—	—
Deferred tax assets	251,996	95,048	—
Total Non-Current Assets	5	5	—
TOTAL ASSETS	15	13	—
Short-term loan payable	100,000	500,000	—
Accounts payable	4	2	—
Deferred revenue	730,482	564,618	—
Accrued expenses and other current liabilities	158,969	205,742	—
Operating lease liabilities current	967,924	1	—
Financing lease liability current	12,249	9,244	—
Income tax payable	227,610	474,531	—
Auto loan payable - current	12,547	35,865	—
Total Current Liabilities	7	6	—
Operating lease liabilities non-current	3	4	—
Finance lease liabilities non-current	45,940	2,391	—
Auto loan payable - non-current	33,518	—	—
Long-term loan payable	—	100,000	—
Total Non-Current Liabilities	3	4	—
Total Liabilities	10	10	—
COMMITMENTS AND CONTINGENCIES	—	—	—
Preferred stock, value	135	135	—
Common stock, value	17,054	15,004	—
Additional Paid-in Capital	9	2	—
Retained earnings (accumulated deficit)	−4	421,417	—
Total Stockholders Equity	5	3	223,342
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	15	13	—

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-04-30	FY 2024 2024-04-30
Depreciation and amortization	192,158	143,090
Bad debt expense	532,503	−37,134
Amortization of operating lease right-of-use asset	1	1
Amortization of finance lease right-of-use asset	5,575	—
Sales return allowance	—	92,392
Share-based compensation expense	90,080	—
Deferred Tax Asset	−156,268	−27,810
Accounts receivable	−223,218	−1
Inventories	−501,934	−74,782
Prepaid expenses and other current assets	−3	287,834
Accounts payable	2	78,232
Deferred revenue	165,863	155,871
Accrued expenses and other current liabilities	−46,773	12,178
Tax payable	−247,602	389,946
Operating lease liabilities	−1	−930,337
Finance lease liabilities	−13,273	−8,750
Net Cash Provided by (Used in) Operating Activities	−5	1
Purchase of property and equipment	−69,852	−127,950
Acquisition of intangible assets	—	−250,000
Net Cash Used in Investing Activities	−69,852	−377,950
Proceeds from stock issuance	6	800,030
Proceed from auto loan payable	47,906	—
Repayment of auto loan payable	−37,705	−19,227
Payments to shareholder	−193,853	—
Repayment of borrowings from related parties	−535,881	−666,358
Borrowing from (repayment to) bank loan	−500,000	500,000
Net Cash Provided by Financing Activities	5	614,445
Net change in cash and cash equivalents	−102,906	1
Cash paid for income tax	400,938	1,600
Cash paid for interest	33,196	27,835

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