$CBDY

River Run Acquisition Corp

CIK:0001586554|SEC Filings

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
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
REVENUE	$ 1,380,838	$ 1,245,724	$ 2,260,280	$ 2,646,163
COST OF GOOD SOLD	(752,520)	(500,303)	(1,440,175)	(1,129,915)
Gross profit	628,318	745,421	820,105	1,516,248
OPERATING EXPENSES
Advisory and consultancy fee	52,807	55,911	78,067	109,753
Management services fee	87,975	87,891	177,926	240,364
Legal and professional fees	36,837	46,043	71,147	96,228
Depreciation expense	228,960	226,942	458,613	445,418
Operating lease expense	44,754	49,721	89,609	98,958
Office and general	160,408	141,786	238,053	234,826
Total operating expenses	611,741	608,294	1,113,415	1,225,547
OTHER EXPENSES (INCOME)
Change in fair value of derivative and warrant liability	(149)	(8,113)	(106)	2,289
Interest and bank charges	$ 289,170	$ 263,970	$ 577,419	$ 514,736
Interest Expense, Operating and Nonoperating, Related Party [Extensible Enumeration]	Related Party [Member]	Related Party [Member]	Related Party [Member]	Related Party [Member]
Exchange (income) loss	$ (42,031)	$ 106,619	$ (77,061)	$ 107,614
Interest income		(17,289)		(33,780)
(Allowance) recovery of sales tax recoverable	9,399	(279)	(3,394)	4,147
Debt issuance cost		11,989		23,678
Total other expense	256,389	356,897	496,858	618,684
Net loss before income taxes	(239,812)	(219,770)	(790,168)	(327,983)
Net loss	(239,812)	(219,770)	(790,168)	(327,983)
Foreign currency translation adjustment	128,152	(192,062)	197,683	(194,846)
Comprehensive loss	$ (111,660)	$ (411,832)	$ (592,485)	$ (522,829)
loss per share - basic (in dollars per share)	$ (0.0004)	$ (0.0004)	$ (0.0013)	$ (0.0005)
loss per share - diluted (in dollars per share)	$ (0.0004)	$ (0.0004)	$ (0.0013)	$ (0.0005)
Weighted average shares - basic (in shares)	617,025,999	617,025,999	617,025,999	617,025,999
Weighted average shares - diluted (in shares)	617,025,999	617,025,999	617,025,999	617,025,999

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
OPERATING ACTIVITIES
Net loss for the period	$ (790,168)	$ (327,983)
Adjustment for non-cash items
Change in fair value of derivative and warrant liability	(106)	2,289
(Recovery) allowance of sales tax recoverable	(3,394)	4,147
Depreciation expense	458,613	445,418
Operating lease expense	81,593	91,441
Debt issuance cost		23,678
Changes in operating assets and liabilities:
Change in accounts receivable - net of allowance	(94,739)	(223,367)
Change in inventory	(109,468)	(44,532)
Change in sales tax recoverable	(13,763)	16,132
Change in accounts payable and accrued liabilities	513,157	75,043
Change in operating lease liability, net	(161,784)	(156,639)
Changes in interest receivable		8,802
Change in deferred revenue	(196,514)
Net cash (used) from operating activities	(316,573)	(85,571)
INVESTING ACTIVITIES
Amounts invested on fixed assets	(46,571)	(27,101)
Advancement on convertible note		70,970
Net cash (used) provided by investing activities	(46,571)	43,869
FINANCING ACTIVITIES
Utilization of bank overdraft facility	32,010
Proceeds from loans from related parties	239,498
Settlement of related party loan		(1,055,997)
Net cash provided (used) by financing activities	271,508	(1,055,997)
Net change in cash and restricted cash during the period	(91,636)	(1,097,699)
Effect of foreign currency translation	(3,158)	65,867
Cash and restricted cash, beginning of period	108,800	1,877,759
Cash and restricted cash, end of period	$ 14,006	845,927
SUPPLEMENTARY CASH FLOW INFORMATION
Cash paid for interest		$ 1,588,272

CONDENSED CONSOLIDATED BALANCE SHEETS	Jun. 30, 2026 USD ($)	Dec. 31, 2025 USD ($)
Current assets
Cash	$ 5,914	$ 100,410
Restricted cash	8,092	8,390
Accounts receivable, net of allowance	522,374	446,283
Inventory	1,715,945	1,669,053
Prepaid asset	39,759	41,222
Sales tax recoverable, net of allowance	74,995	60,506
Other receivable	$ 3,519	$ 3,648
Other Receivable, after Allowance for Credit Loss, Related Party [Extensible Enumeration]	Related Party [Member]	Related Party [Member]
Total current assets	$ 2,370,598	$ 2,329,512
Long term assets
Fixed assets	3,028,948	3,554,463
Goodwill	250,786	260,016
Operating lease right-of-use assets	27,949	32,758
Total long term assets	3,307,683	3,847,237
Total assets	5,678,281	6,176,749
Current liabilities
Bank overdraft	31,543	506
Accounts payable and accrued liabilities	3,149,059	2,637,973
Deferred revenue		197,557
Payable to related parties, net	$ 10,229,180	$ 10,361,576
Accounts Payable, Current, Related Party [Extensible Enumeration]	Related Party [Member]	Related Party [Member]
Operating lease liability - Current portion	$ 184,561	$ 175,460
Convertible promissory notes, net	480	480
Derivative liability	7,994	8,057
Total current liabilities	13,602,817	13,381,609
Long term liabilities
Operating lease liability - Non-current portion	730,897	858,088
Total long term liabilities	730,897	858,088
Total liabilities	14,333,714	14,239,697
Stockholders' deficiency
Preferred stock	100	100
Common stock	61,703	61,703
Shares to be issued	175,439	175,439
Additional paid-in capital	24,985,697	24,985,697
Accumulated deficit	(33,096,694)	(32,306,526)
Accumulated comprehensive loss	(781,678)	(979,361)
Total stockholders' deficiency	(8,655,433)	(8,062,948)
Total liabilities and stockholders' deficiency	5,678,281	6,176,749
Contingencies and commitments