Maison Solutions Inc.
Business
Maison Solutions Inc. is a specialty grocery retailer providing traditional Asian food and merchandise to modern U.S. consumers, with a focus on Asian-American communities. It offers fresh produce, a variety of meats, live and processed seafood, imported Asian groceries, ready-to-eat/ready-to-cook items and related household merchandise, plus online ordering, delivery and cashier-less shopping options. The company operates a center-satellite store model with full-service center supermarkets supporting smaller satellite/MSSM locations and holds investments in wholesale suppliers and strategic e-commerce partnerships. It distributes through retail stores in California and Arizona, in-house logistics, third-party mobile apps, a WeChat applet and a collaboration with JD.com.
Summary from filing dated 2025-08-14
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-04-30 | FY 2024 2024-04-30 | FY 2023 2023-04-30 | FY 2022 2022-04-30 |
|---|---|---|---|---|---|
| Revenue | 124 | 58 | 55 | 42 | |
| Cost of goods sold | 98 | 46 | 43 | — | |
| Gross profit | 26 | 12 | 12 | 8 | |
| Selling expenses | 20 | 10 | 8 | 6 | |
| General and administrative expenses | 8 | 4 | 4 | 3 | |
| Total operating expenses | 28 | 14 | 12 | 9 | |
| Loss from operations | −1 | −3 | 83,647 | −826,590 | |
| Interest expense, net | −1 | −124,260 | — | — | |
| Investment loss | −515,740 | −538,542 | — | — | |
| Income from sell of software license | 3 | — | — | — | |
| Change in fair value of derivative liability | 801,988 | — | — | — | |
| Other income, net | 641,551 | 420,341 | 2 | 155,821 | |
| Non-operating income (expenses), net | 2 | −242,461 | 2 | 199,302 | |
| Income (loss) before income taxes | 1 | −3 | 2 | — | |
| Income tax expenses | 173,989 | 440,562 | 336,486 | 27,738 | |
| Net income (loss) before noncontrolling interest | 920,909 | −3 | 2 | −655,026 | |
| Less: net loss attributable to noncontrolling interests | −248,364 | −46,823 | 387,498 | −92,282 | |
| Net income (loss) attributable to Maison Solutions, Inc. | 1 | −3 | 1 | — | |
| Basic (in Dollars per share) | 0.07 | −0.19 | 0.08 | −0.04 | |
| Diluted (in Dollars per share) | 0.07 | −0.19 | 0.08 | −0.04 | |
| Weighted average number of common stock outstanding - basic (in Shares) | 17 | 18 | 16 | 16 | |
| Weighted average number of common stock outstanding - diluted (in Shares) | 18 | 18 | 16 | 16 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-04-30 | FY 2024 2024-04-30 | FY 2023 2023-04-30 | FY 2023 2023-01-31 | FY 2022 2022-04-30 |
|---|---|---|---|---|---|---|
| Cash | 775,360 | 2 | 3 | — | 898,061 | |
| Accounts receivable | 3 | 111,874 | 315,356 | — | — | |
| Inventories, net | 6 | 7 | 3 | — | 2 | |
| Prepayments | 2 | 3 | 2 | — | 727,654 | |
| Other receivables and other current assets | 694,943 | 1 | 550,836 | — | — | |
| Total current assets | 13 | 14 | 8 | — | 9 | |
| Restricted cash | — | 1,101 | 1,101 | — | 74,370 | |
| Property and equipment, net | 2 | 2 | 671,463 | — | 552,395 | |
| Intangible assets, net | 7 | 8 | 197,329 | — | 15,272 | |
| Security deposits | 956,008 | 946,208 | 457,491 | — | 301,200 | |
| Investment under cost method | 75,000 | 75,000 | — | — | — | |
| Investment under cost method - related parties | 162,665 | 203,440 | — | — | — | |
| Investment under equity method | 848,493 | 1 | — | — | — | |
| Operating lease right-of-use assets, net | 38 | 41 | 23 | — | 16 | |
| Goodwill | 15 | 15 | 2 | 2 | — | |
| Total non-current assets | 64 | 68 | 26 | — | — | |
| TOTAL ASSETS | 77 | 82 | 35 | — | 26 | |
| Bank overdraft | 1 | 97,445 | — | — | — | |
| Accounts payable | 8 | 5 | 3 | — | 3 | |
| Accrued expenses and other payables | 2 | 2 | 867,796 | — | — | |
| Income tax payable | 661,408 | 442,518 | 961,034 | — | 443,150 | |
| Contract liabilities | 701,929 | 965,696 | 449,334 | — | 370,929 | |
| Operating lease liabilities, current | 4 | 4 | 2 | — | 1 | |
| Loan payable, current | 62,212 | 65,098 | 370,828 | — | 498,252 | |
| Notes payable, current | 5 | 15 | 150,000 | — | — | |
| Total current liabilities | 23 | 29 | 8 | — | 8 | |
| Long-term loan payable | 3 | 2 | 3 | — | 3 | |
| Security deposit from sub-tenants | 131,228 | 125,114 | 105,637 | — | — | |
| Operating lease liabilities, non-current | 37 | 39 | 23 | — | 17 | |
| Notes payable, non-current | 754,966 | — | — | — | — | |
| Convertible notes payable, net of unamortized OID and debt issuance costs of $609,583 | 584,199 | — | — | — | — | |
| Derivative liability | 1 | — | — | — | — | |
| Deferred tax liability, net | 1 | 1 | 40,408 | — | — | |
| Total non-current liabilities | 43 | 43 | 25 | — | — | |
| TOTAL LIABILITIES | 66 | 72 | 34 | — | 27 | |
| Commitment and contingencies (Note 18) | — | — | — | — | — | |
| Additional paid in capital | 13 | 13 | — | — | — | |
| Accumulated deficit | −2 | −3 | 522,710 | — | −729,093 | |
| Total Maison Solutions, Inc. stockholders equity | 12 | 10 | 524,310 | — | −727,493 | |
| Noncontrolling interest | −27,240 | 221,123 | 267,947 | — | −119,551 | |
| Total stockholders equity | 12 | 11 | 792,257 | — | −847,044 | |
| TOTAL LIABILITIES AND STOCKHOLDERS EQUITY | 77 | 82 | 35 | — | 26 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-04-30 | FY 2024 2024-04-30 | FY 2023 2023-04-30 | FY 2022 2022-04-30 |
|---|---|---|---|---|---|
| Depreciation and amortization expense | 1 | 461,868 | 371,696 | 437,408 | |
| Inventory impairment (reversal) | 276,900 | −5,961 | — | — | |
| Bad debt expense (reversal) | 29,493 | −60,000 | — | — | |
| Amortization of OID and debt issuance cost of convertible note | 55,417 | — | — | — | |
| Changes in deferred taxes | −88,346 | −11,698 | −3,125 | — | |
| Accounts receivable | −3 | 203,481 | −258,309 | — | |
| Accounts receivable - related parties | −42,753 | −271,461 | 243,881 | 264,041 | |
| Inventories | 770,431 | 914,356 | 343,513 | −391,258 | |
| Prepayments | 824,229 | −2 | −819,592 | −722,797 | |
| Other receivables and other current assets | 545,843 | −474,943 | −504,758 | — | |
| Security deposits | −9,800 | −488,717 | 5,654 | 1,545 | |
| Accounts payable | 3 | −59,633 | −589,651 | — | |
| Accounts payable - related parties | 65,767 | 106,725 | −161,677 | — | |
| Accrued expenses and other payables | 138,581 | 342,592 | −503,338 | — | |
| Income tax payable | 218,890 | −518,516 | 334,622 | 16,041 | |
| Contract liabilities | −263,768 | 503,326 | 68,037 | 194,077 | |
| Operating lease liabilities | 513,802 | 400,913 | 203,940 | 187,139 | |
| Other long-term payables | 6,114 | 19,477 | 18,287 | −5,400 | |
| Net cash provided by (used in) operating activities | 5 | −4 | 484,191 | 1 | |
| Payment for equipment purchase | −175,355 | −382,132 | −49,388 | — | |
| Payment for acquisition of subsidiaries | — | −7 | — | — | |
| Payment of intangible assets purchase | — | −3 | — | −5,242 | |
| Cash acquired from acquisition of Lee Lee | — | 2 | −3 | — | |
| Investment into TMA Liquor Inc | — | −75,000 | — | — | |
| Investment into HKGF Market of Arcadia, LLC | −62,000 | −2 | — | — | |
| Net cash used in investing activities | −237,355 | −10 | 2 | −3 | |
| Bank overdraft | 1 | 97,445 | −281,941 | — | |
| Borrowing from related parties | 75,989 | 250,000 | — | — | |
| Loan to related party | −95,000 | — | — | — | |
| Proceeds from convertible note | 2 | — | — | — | |
| Repayment of loan payable | — | −370,825 | — | — | |
| Repayment of notes payable | — | −150,000 | — | — | |
| Repayment of notes payable arising from acquisition of Lee Lee | −9 | — | — | — | |
| Net proceeds from issuance of common stock | — | 13 | — | — | |
| Net cash provided by (used in) financing activities | −6 | 13 | −746,637 | 2 | |
| Net changes in cash and restricted cash | −1 | −495,468 | 2 | — | |
| Cash paid for interest | 1 | 104,451 | 70,795 | 73,759 | |
| Cash paid for income taxes | 116,369 | 973,656 | 8,481 | — | |
| Increase of right-of-use assets and lease liabilities | — | 10,196 | 8 | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Maison Solutions Inc.'s CIK number?
Maison Solutions Inc.'s SEC CIK number is 0001892292 (1892292). 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 Maison Solutions Inc.'s SEC filings?
All of Maison Solutions 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 Maison Solutions Inc. last report earnings?
Maison Solutions Inc. (MSS) most recently filed an earnings 8-K with the SEC on Mar 18, 2025, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001213900-25-024616). This is Maison Solutions Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Maison Solutions Inc.'s most recent earnings 8-K?
Maison Solutions Inc.'s latest earnings 8-K (Item 2.02) was filed Mar 18, 2025 under accession 0001213900-25-024616. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Maison Solutions Inc.'s latest earnings 8-K →
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