Kingfish Holding Corp

CIK:0001374881|SEC Filings

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Revenues:
Sales	$ 757,456	$ 1,034,226	$ 2,264,736	$ 4,017,704
Cost of goods sold	415,273	575,769	1,334,644	2,207,332
Gross profit	342,183	458,457	930,092	1,810,372
Operating expenses:
Professional fees	71,460	50,309	268,257	257,423
Rent expense	120,000	120,000	360,000	360,000
General and administrative	80,757	91,051	207,021	162,596
Director compensation	18,920	0	56,760	0
Payroll expense	92,767	94,372	294,913	297,920
Total operating expenses	383,904	355,732	1,186,951	1,077,939
Income (loss) from operations	(41,721)	102,725	(256,859)	732,433
Other income (expense):
Interest expense	(21,012)	(17,684)	(59,345)	(54,356)
Gain on extinguishment of accounts payable	0	0	0	95,150
Total other income (expense)	(21,012)	(17,684)	(59,345)	40,794
Net income (loss) before income taxes	(62,733)	85,041	(316,204)	773,227
Provision for income taxes	(15,650)	36,217	(78,892)	193,384
Net income (loss)	$ (47,083)	$ 48,824	$ (237,312)	$ 579,843
Basic and diluted earnings per share on net income (loss)
Basic	$ (0.06)	$ 0.06	$ (0.28)	$ 0.69
Diluted	$ (0.06)	$ 0.06	$ (0.28)	$ 0.69
Weighted average shares outstanding
Basic	843,177	837,962	841,703	837,972
Diluted	843,177	838,152	841,703	838,152

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)	9 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES
Net (loss) income	$ (237,312)	$ 579,843
Adjustment to reconcile net (loss) income to net cash provided by operating activities:
Depreciation expense	64,419	6,015
Common stock issued for services	1,806	0
Gain on extinguishment of accounts payable	0	(95,150)
Amortization of right of use asset	347,586	0
Changes in operating assets and liabilities:
Accounts receivable	(5,393)	(80,438)
Inventory	2,836	87,655
Prepaid expenses	(44,724)	0
Deferred tax asset	(57,128)	78,826
Accounts payable	(800)	1,511
Accrued compensation	(56,760)	0
Accrued interest payable	59,345	(32,805)
Taxes payable	(91,218)	102,125
Operating lease liability	(347,586)	0
Net cash (used in) provided by operating activities	(364,929)	647,582
CASH FLOWS FROM INVESTING ACTIVITIES
Repayments from related party loans	80,000	0
Purchase of property and equipment	(361,956)	0
Net cash (used in) provided by investing activities	(281,956)	0
CASH FLOWS FROM FINANCING ACTIVITIES
Repayment of convertible notes payable to related party	0	(90,000)
Related party loans, net	0	(500)
Net cash provided by (used in) financing activities	0	(90,500)
Net (Decrease) Increase in Cash	(646,885)	557,082
Cash - Beginning of the Period	1,030,185	425,706
Cash - End of the Period	383,300	982,788
Supplemental Disclosures of Cash Flows
Cash paid for Interest	0	86,003
Cash paid for income taxes	0	0
Supplemental Disclosures of Non-Cash Investing and Financing Activities:
Right of use asset	$ 462,897	$ 0

CONSOLIDATED BALANCE SHEETS - USD ($)	Jun. 30, 2026	Sep. 30, 2025
Current assets
Cash and cash equivalents	$ 383,300	$ 1,030,185
Accounts receivable, net	5,393	0
Deferred income tax asset	155,436	98,308
Inventory, net	105,605	108,441
Prepaid expenses	44,724	0
Total current assets	694,458	1,236,934
Due from related party	929,580	1,009,580
Right of use asset, net	312,680	197,369
Property and equipment, net	331,070	33,533
Other assets	960	960
Total assets	2,268,748	2,478,376
Current liabilities:
Accounts payable	22,332	23,132
Accrued compensation	56,760	113,520
Accrued interest payable	316,716	257,371
Related party loans, current	1,327,171	1,327,171
Taxes payable	118,763	209,981
Lease liability - current	312,680	197,369
Total liabilities	2,154,422	2,128,544
Stockholders' equity
Preferred stock, par $0.0001, 2,000,000 shares authorized, 0 shares issued and outstanding	0	0
Common stock, par $0.0001, 20,000,000 shares authorized, 843,177 and 837,962 shares issued and outstanding as of March 31, 2026 and September 30, 2025, respectively	85	84
Shares to be issued	0	280
Paid-in capital	2,085	0
Retained earnings (accumulated deficit)	112,156	349,468
Total stockholders' equity (deficit)	114,326	349,832
Total liabilities and stockholders' equity (deficit)	$ 2,268,748	$ 2,478,376