M
Marwynn Holdings, Inc.
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 two reportable segments: FuAn, a B2B food and beverage supply chain company specializing in sourcing and distributing Asian packaged foods, snacks, and non-alcoholic beverages to U.S. wholesalers, retailers, and warehouse clubs; and Grand Forest, an indoor home improvement products distributor sourcing cabinets, flooring, countertops, and kitchen sinks from overseas suppliers and selling through a physical showroom and e-commerce channels. FuAn provides logistics, customs clearance, brand management consulting, and warehousing services alongside product distribution, while Grand Forest offers design consultation, 3D visualization, and assembly services.
Summary from 10-K filed 2025-08-08
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | 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 | Trend | 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 | Trend | 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 |
Filings
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Frequently asked questions
What is Marwynn Holdings, Inc.'s CIK number?
Marwynn Holdings, Inc.'s SEC CIK number is 0002030522 (2030522). 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 Marwynn Holdings, Inc.'s SEC filings?
All of Marwynn Holdings, 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.