CHEETAH NET SUPPLY CHAIN SERVICE INC.
Business
Cheetah Net Supply Chain Service Inc. provides logistics and warehousing services, primarily ocean freight forwarding and cargo handling for shipments between the U.S. and China. The company operates as a Non-Vessel-Operating Common Carrier (NVOCC), offering cargo storage, freight forwarding, U.S. customs clearance, and labor services through acquired subsidiaries Edward Transit Express Group Inc. and TW & EW Services Inc. The company previously derived revenue from sourcing and reselling parallel-import vehicles, a business discontinued in March 2025 due to market deterioration.
Summary from 10-K filed 2026-03-20
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| REVENUE | 1 | 455,805 | 38 | 55 | |
| COST OF REVENUE | 1 | 277,293 | 34 | 51 | |
| GROSS PROFIT | 166,775 | 178,512 | 4 | 4 | |
| General and administrative expenses | 4 | 4 | 2 | 1 | |
| Impairment loss expenses | 731,307 | — | — | — | |
| Share-based compensation expenses | 387,618 | 277,345 | — | — | |
| TOTAL OPERATING EXPENSES | 5 | 4 | 2 | 2 | |
| (LOSS) FROM OPERATIONS | −5 | −4 | −2 | 2 | |
| Interest income | 924,224 | 320,472 | 9,938 | — | |
| Interest expenses | −33,198 | −35,951 | −41,883 | — | |
| Other income | 90,105 | 8,009 | 21,655 | — | |
| Other expenses | −35,342 | — | — | — | |
| OTHER INCOME, NET | 945,789 | 292,530 | −10,290 | −1 | |
| (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES | −4 | −3 | −2 | 1 | |
| Income tax (benefits) expense | 15,916 | −215,822 | −488,918 | 234,479 | |
| (LOSS) FROM CONTINUING OPERATIONS | −4 | −3 | −2 | — | |
| (LOSS) INCOME FROM DISCONTINUED OPERATIONS, NET OF TAX | 0 | −2 | 2 | — | |
| NET LOSS | −4 | −5 | 133,870 | 816,980 | |
| (Loss) from continuing operations per ordinary share - basic (in dollars per share) | −1.12 | −1.65 | −1.59 | — | |
| (Loss) from continuing operations per ordinary share - diluted (in dollars per share) | −1.12 | −1.65 | −1.59 | — | |
| (Loss) from discontinued operations per ordinary share - basic (in dollars per share) | 0 | −1 | 1.72 | — | |
| (Loss) from discontinued operations per ordinary share - diluted (in dollars per share) | 0 | −1 | 1.72 | — | |
| (Loss) from operations per ordinary share - basic (in dollars per share) | −1.12 | −2.65 | 0.12 | 0.05 | |
| (Loss) from operations per ordinary share - diluted (in dollars per share) | −1.12 | −2.65 | 0.12 | 0.05 | |
| Weighted average shares - basic (in shares) | 3 | 2 | 1 | 16 | |
| Weighted average shares - diluted (in shares) | 3 | 2 | 1 | 16 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 200,000 | 2 | 432,998 | 58,381 | — | |
| Accounts receivable, net | 6,540 | 47,976 | 6 | 7 | — | |
| Loan receivable | 7 | 6 | — | — | — | |
| Other receivables | 1 | 370,696 | 27,517 | 900,730 | — | |
| Prepaid expenses and other current assets | 238,648 | 338,642 | 292,338 | 480,828 | — | |
| Current assets of discontinued operations | — | 3 | 8 | — | — | |
| TOTAL CURRENT ASSETS | 9 | 11 | 10 | 14 | — | |
| Property, plant, and equipment, net | 358,868 | 398,395 | — | — | — | |
| Operating lease right-of-use assets | 1 | 2 | 190,823 | 140,145 | — | |
| Intangibles, net | 792,571 | 1 | — | — | — | |
| Goodwill | 475,862 | 1 | — | — | — | |
| TOTAL NONCURRENT ASSETS | 3 | 4 | — | — | — | |
| TOTAL ASSETS | 12 | 15 | 10 | 15 | — | |
| Accounts payable | 32,762 | 18,992 | 40,430 | 86,285 | — | |
| Current portion of long-term debt | 35,902 | 34,577 | 32,887 | 31,281 | — | |
| Loans payable from premium finance | 82,650 | 120,461 | 148,621 | — | — | |
| Operating lease liabilities, current | 594,407 | 438,351 | 39,703 | 149,458 | — | |
| Due to a related party | 5,204 | — | 13,423 | — | — | |
| Accrued liabilities and other current liabilities | 594,693 | 217,980 | 201,856 | 616,863 | — | |
| Current liabilities of discontinued operations | — | 52,900 | 2 | — | — | |
| TOTAL CURRENT LIABILITIES | 1 | 883,261 | 2 | 12 | — | |
| Long-term debt, net of current portion | 572,653 | 610,020 | 644,725 | 678,442 | — | |
| Operating lease liabilities, net of current portion | 584,606 | 1 | 151,121 | — | — | |
| TOTAL NONCURRENT LIABILITIES | 1 | 2 | — | — | — | |
| TOTAL LIABILITIES | 3 | 3 | 3 | 13 | — | |
| COMMITMENTS AND CONTINGENCIES | — | — | — | — | — | |
| Additional paid-in capital | 18 | 17 | 7 | 3 | — | |
| (Accumulated deficit) Retained earnings | −8 | −5 | 508,241 | 374,371 | — | |
| TOTAL STOCKHOLDERS' EQUITY | 9 | 13 | 7 | 2 | −170,425 | |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | 12 | 15 | 10 | 15 | — |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| Net loss | −4 | −5 | 133,870 | 816,980 | |
| Less: loss from discontinued operations, net of tax | — | −2 | 2 | — | |
| Loss from continuing operations | −4 | −3 | −2 | — | |
| Depreciation | 39,528 | 27,400 | 0 | — | |
| Amortization of operating lease right-of-use assets | 589,369 | 281,056 | 140,145 | 169,503 | |
| Gain on lease termination | −7,853 | — | — | — | |
| Amortization of intangible assets | 107,726 | 52,928 | 0 | — | |
| Share-based compensation expenses | 387,618 | 277,345 | — | — | |
| Deferred income benefits | — | −222,206 | 38,829 | 158,060 | |
| Accounts receivable | 41,436 | 42,499 | 591,956 | −7 | |
| Other receivables, net | −786,436 | −300,493 | 14,328 | 220,029 | |
| Due from/to related party | 5,204 | — | — | — | |
| Prepaid expenses and other current assets | 99,994 | −17,488 | −30,782 | −478,828 | |
| Other payables and other current liabilities | 390,485 | −20,505 | 51,902 | −30,566 | |
| Operating lease liabilities | −438,351 | −366,205 | −149,458 | −163,550 | |
| Cash used in operating activities-continuing operations | −2 | −3 | −2 | — | |
| Cash provided by operating activities-discontinued operations | 3 | 4 | 7 | — | |
| Net cash (used in) provided by operating activities | −2,075 | 242,220 | 6 | 2 | |
| Acquisition of business, net of cash acquired | — | −350,137 | — | — | |
| Purchase of property, plant, and equipment | — | −365,000 | — | — | |
| Loans made to third parties | −3 | −6 | −672,500 | — | |
| Loans repayment received from third parties | 2 | 915,633 | — | — | |
| Cash used in investing activities-continuing operations | −1 | −6 | −672,500 | — | |
| Net cash used in investing activities | −1 | −6 | −672,500 | — | |
| Cash paid for warrant termination | — | −78,125 | — | — | |
| Proceeds from issuance of common stock under private placement transactions | — | 600,000 | 1 | 1 | |
| Repayments of short-term borrowings | — | −50,000 | — | — | |
| Proceeds from premium finance | 196,300 | 252,718 | 148,621 | — | |
| Repayments of premium finance | −234,111 | −280,878 | — | — | |
| Repayments of long-term borrowings | −36,043 | −33,016 | −32,111 | −9,563 | |
| Repayments made to a related party | — | −13,423 | −32,375 | −1 | |
| Cash provided by financing activities-continuing operations | −73,854 | 9 | 5 | — | |
| Cash used in financing activities-discontinued operations | — | −2 | −10 | — | |
| Net cash (used in) provided by financing activities | −73,854 | 7 | −5 | −3 | |
| Net increase in cash | −1 | 1 | 374,617 | −442,596 | |
| Cash paid for income taxes | 2,155 | 2,000 | 74,533 | 46,196 | |
| Cash paid for interests | 33,198 | 62,474 | 262,661 | 842,228 | |
| Fair value of common stock issued for acquisition | — | 2 | — | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is CHEETAH NET SUPPLY CHAIN SERVICE INC.'s CIK number?
CHEETAH NET SUPPLY CHAIN SERVICE INC.'s SEC CIK number is 0001951667 (1951667). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find CHEETAH NET SUPPLY CHAIN SERVICE INC.'s SEC filings?
All of CHEETAH NET SUPPLY CHAIN SERVICE INC.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did CHEETAH NET SUPPLY CHAIN SERVICE INC. last report earnings?
CHEETAH NET SUPPLY CHAIN SERVICE INC. (CTNT) most recently filed an earnings 8-K with the SEC on May 14, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001104659-26-060588). This is CHEETAH NET SUPPLY CHAIN SERVICE INC.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is CHEETAH NET SUPPLY CHAIN SERVICE INC.'s most recent earnings 8-K?
CHEETAH NET SUPPLY CHAIN SERVICE INC.'s latest earnings 8-K (Item 2.02) was filed May 14, 2026 under accession 0001104659-26-060588. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View CHEETAH NET SUPPLY CHAIN SERVICE INC.'s latest earnings 8-K →
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