$PLAG

American Lorain CORP

CIK:0001117057|SEC Filings

Unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Net revenues	$ 790,203	$ 3,130	$ 7,090,579	$ 63,666
Cost of revenues	(733,403)	(1,672)	(1,118,978)	(7,963)
Promotion cost	(760,064)		(5,145,354)
Gross profit	(703,264)	1,458	826,247	55,703
Operating expenses:
Selling and marketing expenses	1,985	1,143	10,702	8,015
General and administrative expenses	454,416	295,528	1,084,210	698,010
Research and development expenses	836		954
Total operating expenses	457,237	296,671	1,095,866	706,025
Operating loss	(1,160,501)	(295,213)	(269,619)	(650,322)
Other (expenses) income
Interest income	313	1	342	2
Interest expenses	(303)	(2,154)	(736)	(4,264)
Other expenses	(585)	(5,324)	(586)	(5,992)
Total other expenses	(575)	(7,477)	(980)	(10,254)
Loss before income taxes	(1,161,076)	(302,690)	(270,599)	(660,576)
Income tax expenses	(8,776)		(8,776)
Loss from continuing operations	(1,169,852)	(302,690)	(279,375)	(660,576)
Discontinued operations:
Income (loss) from discontinued operations	20,701	(470,891)	(366,921)	(909,907)
Net loss	(1,149,151)	(773,581)	(646,296)	(1,570,483)
Less: Net loss attributable to non-controlling interest	(242,992)		(52,063)
Net loss attributable to ordinary shareholders of Planet Green Holdings Corp.	(906,159)	(773,581)	(594,233)	(1,570,483)
Net loss	(1,149,151)	(773,581)	(646,296)	(1,570,483)
Foreign currency translation adjustment	88,816	(111,057)	111,292	(53,337)
Total comprehensive loss	(1,060,335)	(884,638)	(535,004)	(1,623,820)
Less: comprehensive loss attributable to non-controlling interests	(244,302)		(52,760)
Comprehensive loss attributable to shareholders of Planet Green Holdings Corp.	$ (816,033)	$ (884,638)	$ (482,244)	$ (1,623,820)
Loss per common share - basic and diluted
Continuing operations, Loss per common share - basic (in Dollars per share)	$ (0.08)	$ (0.04)	$ (0.02)	$ (0.09)
Continuing operations, Loss per common share - diluted (in Dollars per share)	(0.08)	(0.04)	(0.02)	(0.09)
Discontinuing operations, Loss per common share - basic (in Dollars per share)	0	(0.06)	(0.03)	(0.12)
Discontinuing operations, Loss per common share - diluted (in Dollars per share)	$ 0	$ (0.06)	$ (0.03)	$ (0.12)
Basic weighted average shares outstanding (in Shares)	14,232,714	7,282,714	14,232,714	7,282,714
Diluted weighted average shares outstanding (in Shares)	14,232,714	7,282,714	14,232,714	7,282,714

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (646,296)	$ (1,570,483)
Add: net loss from discontinued operations	366,921	909,907
Net loss from continuing operations	(279,375)	(660,576)
Adjustments to reconcile net income (loss) to cash provided by (used in) operating activities:
Depreciation	160,952	153,835
Amortization	34,214	65,967
Amortization of operating lease right-of-use assets	7,166
Allowance for doubtful accounts	78,728	32,504
Loss on disposal of plant and equipment	325
Changes in operating assets and liabilities, net of effects of acquisitions and disposals:
Accounts receivables	(181,667)	1,340
Inventories	143,200	5,884
Advances to suppliers	(12,010)	(447)
Other receivables	(1,487,542)	(380)
Accounts payable	1,347,238	83,292
Advance from customer	(4,505)	59,806
Other payables and accrued liabilities	(149,228)	(23,806)
Taxes payable	375,280	20,722
Operating lease liabilities	(8,696)
Net cash provided by (used in) operating activities from continuing operations	24,080	(261,859)
Net cash used in operating activities from discontinued operations	(501,649)	(1,764,806)
Net cash used in operating activities	(477,569)	(2,026,665)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of plant and equipment	(12,689)
Cash received from disposal of plant and equipment	437
Net cash used in investing activities from continuing operations	(12,252)
Net cash provided by (used in) investing activities from discontinued operations	323	(2,463)
Net cash used in investing activities	(11,929)	(2,463)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from bank loans	6,388	342
Repayment of bank loans	(145,722)
Proceeds from related parties	449,134	227,022
Net cash provided by financing activities from continuing operations	309,800	227,364
Net cash provided by financing activities from discontinued operations	501,326	2,274,849
Net cash provided by financing activities	811,126	2,502,213
Net increase in cash	321,628	473,085
Effect of changes of foreign exchange rates on cash	(3,580)	(506,656)
Cash at beginning of period	15,751	48,415
Cash at end of period	333,799	14,844
SUPPLEMENTARY OF CASH FLOW INFORMATION
Interest received	342	2
Interest paid	$ 736	$ 4,264

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Current assets
Cash	$ 333,799	$ 15,751
Accounts receivable, net	240,052	134,330
Inventories, net	472,803	599,264
Advances to suppliers, net	46,052	37,619
Other receivables, net	1,502,989	1,038
Prepaid expenses	21	21
Assets of discontinued operations		7,080,393
Total current assets	2,595,716	7,874,801
Non-current assets
Plant and equipment, net	2,676,586	2,719,417
Intangible assets, net	696,381	709,243
Construction in progress, net		23,909
Right-of-use lease assets, net	64,968
Goodwill	7,220	7,005
Total non-current assets	3,445,155	3,459,574
Total assets	6,040,871	11,334,375
Current liabilities
Short-term bank loans	6,952	72,284
Current portion of long-term bank loans		71,499
Accounts payable	2,908,369	1,522,127
Advance from customers	147,917	150,927
Taxes payable	519,140	135,911
Other payables and accrued liabilities	1,666,087	1,814,578
Operating lease liability, current	35,839
Liabilities of discontinued operations		6,788,268
Total current liabilities	8,718,335	13,504,418
Operating lease liability, noncurrent	27,583
Total non-current liabilities	27,583
Total liabilities	8,745,918	13,504,418
Commitments and contingencies
Stockholders’ deficit
Preferred stock: $0.001 par value, 100,000,000 shares authorized; none issued or outstanding as of March 31, 2026 and December 31, 2025
Common stock: $0.001 par value, 1,500,000,000 shares authorized; 14,232,714 shares issued and outstanding as of March 31, 2026 and December 31, 2025	14,233	14,233
Additional paid-in capital	170,190,324	170,190,324
Accumulated deficit	(175,623,596)	(175,029,363)
Accumulated other comprehensive income	2,770,132	2,658,143
Non-controlling interests	(56,140)	(3,380)
Total stockholders’ deficit	(2,705,047)	(2,170,043)
Total liabilities and stockholders’ deficit	6,040,871	11,334,375
Related Party
Current assets
Other receivables-related parties		6,385
Current liabilities
Other payables-related parties	$ 3,434,031	$ 2,948,824