$GRNQ

Greenpro, Inc.

CIK:0001597846|SEC Filings

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
REVENUES:
Total revenue	$ 302,167	$ 427,092	$ 707,553	$ 779,847
COST OF REVENUES:
Total cost of revenues	(114,170)	(83,804)	(226,919)	(177,446)
GROSS PROFIT	187,997	343,288	480,634	602,401
OPERATING EXPENSES:
General and administrative expenses (including $30,182 and $37,347 of general and administrative expenses to related parties for the three months ended June 30, 2026 and 2025, respectively, and $62,587 and $60,499 of general and administrative expenses to related parties for the six months ended June 30, 2026, and 2025, respectively)	(922,420)	(944,949)	(2,139,940)	(1,892,995)
LOSS FROM OPERATIONS	(734,423)	(601,661)	(1,659,306)	(1,290,594)
OTHER INCOME
Other income (including $18,003 and $12,465 of other income from related parties for the three months ended June 30, 2026 and 2025, respectively, and $20,687 and $29,023 of other income from related parties for the six months ended June 30, 2026, and 2025, respectively)	24,559	24,075	37,807	42,109
Interest income (including $1,518 and $1,407 of interest income from related party for the three months ended June 30, 2026 and 2025, respectively, and $3,039 and $2,804 of interest income from related party for six months ended June 30, 2026, and 2025, respectively)	1,545	1,793	3,086	4,677
Gain on disposal of investment (including $39,800 of related party investment for the six months ended June 30, 2025)				39,800
Reversal of impairment of investment (including $150 of related party investment for the six months ended June 30, 2025)				150
Interest expenses	(170)	(230)	(362)	(466)
Fair value (loss) gain on digital assets	(894)	1,895	(2,184)	(4,870)
Total other income	25,040	27,533	38,347	81,400
LOSS BEFORE INCOME TAX	(709,383)	(574,128)	(1,620,959)	(1,209,194)
Income tax expense				(510)
NET LOSS	(709,383)	(574,128)	(1,620,959)	(1,209,704)
NET LOSS ATTRIBUTED TO COMMON STOCKHOLDERS OF GREENPRO CAPITAL CORP.	(709,383)	(574,128)	(1,620,959)	(1,209,704)
Other comprehensive income:
- Foreign currency translation income	12,607	51,790	36,061	71,343
COMPREHENSIVE LOSS	$ (696,776)	$ (522,338)	$ (1,584,898)	$ (1,138,361)
NET LOSS PER SHARE, BASIC	$ (0.04)	$ (0.07)	$ (0.12)	$ (0.16)
NET LOSS PER SHARE, DILUTED	$ (0.04)	$ (0.07)	$ (0.12)	$ (0.16)
WEIGHTED AVERAGE NUMBER OF COMMON STOCK OUTSTANDING, BASIC	17,880,635	7,708,778	13,325,750	7,642,664
WEIGHTED AVERAGE NUMBER OF COMMON STOCK OUTSTANDING, DILUTED	17,880,635	7,708,778	13,325,750	7,642,664
Service [Member]
REVENUES:
Total revenue	$ 248,609	$ 395,257	$ 559,355	$ 706,110
COST OF REVENUES:
Total cost of revenues	(110,875)	(80,423)	(219,650)	(170,276)
Digital Revenue [Member]
REVENUES:
Total revenue	37,464	17,921	115,923	44,177
COST OF REVENUES:
Total cost of revenues		(1)		(1)
Rental Revenue [Member]
REVENUES:
Total revenue	16,094	13,914	32,275	29,560
COST OF REVENUES:
Total cost of revenues	$ (3,295)	$ (3,380)	$ (7,269)	$ (7,169)

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025	Dec. 31, 2025
Cash flows from operating activities:
Net loss	$ (709,383)	$ (574,128)	$ (1,620,959)	$ (1,209,704)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation			48,331	68,677
Amortization of intangible assets			134	135
Amortization of operating lease right-of-use assets			41,733	47,582
Amortization of finance lease right-of-use asset			3,329	3,044
Provision for credit losses			115	40,514	$ (825)
Fair value loss on digital assets			2,184	4,870
Gain on disposal of investment-related party				(39,800)
Reversal of impairment of investment-related party				(150)
Changes in operating assets and liabilities:
Accounts receivable			(4,496)	28,426
Prepaids and other current assets			(22,365)	197
Digital assets			48,106	(41,380)
Deferred costs of revenue			(9,862)	(14,465)
Accounts payable and accrued liabilities			204,384	(141,784)
Operating lease liabilities			(41,733)	(47,582)
Deferred revenue			84,235	528,746
Net cash used in operating activities			(1,266,864)	(772,674)
Cash flows from investing activities:
Proceeds from disposal of equipment			265
Proceeds from disposal of other investment				39,950
Net cash provided by investing activities			265	39,950
Cash flows from financing activities:
Proceeds from shares issued for cash			400,000	760,000
Principal payment of finance lease liabilities			(2,224)	(1,899)
Advances from (to) related parties			870,161	(280,865)
Net cash provided by financing activities			1,267,937	477,236
Effect of exchange rate changes in cash and cash equivalents			(3,557)	(36,096)
NET CHANGE IN CASH AND CASH EQUIVALENTS			(2,219)	(291,584)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD			636,659	1,124,818	1,124,818
CASH AND CASH EQUIVALENTS, END OF PERIOD	$ 634,440	$ 833,234	634,440	833,234	$ 636,659
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid for income tax				510
Cash paid for interest			362	466
SUPPLEMENTAL NON-CASH INVESTING AND FINANCING ACTIVITIES:
Initial recognition of operating lease right-of-use assets and operating lease obligations upon adoption of ASC Topic 842			75,531	95,727
Fair value of shares issued for other investments			$ 18,200,000

Condensed Consolidated Balance Sheets - USD ($)

Jun. 30, 2026

Dec. 31, 2025

Current assets:

Cash and cash equivalents (including $63,754 and $64,239 of time deposits as of June 30, 2026 and December 31, 2025, respectively)

$ 634,440

$ 636,659

Accounts receivable, net of allowance for credit losses of $2,194 and $2,095 as of June 30, 2026 and December 31, 2025, respectively (including $250 of net accounts receivable from related parties as of June 30, 2026)

13,301

8,805

Prepaids and other current assets

473,428

451,063

Digital assets

234,055

282,161

Due from related parties

880,502

995,640

Deferred costs of revenue (including $6,250 to related parties as of June 30, 2026 and December 31, 2025, respectively)

67,961

58,099

Total current assets

2,303,687

2,432,427

Property and equipment, net

1,354,239

1,358,181

Real estate investments:

Real estate held for sale

886,502

Real estate held for investment, net

370,826

378,157

Intangible assets, net

299

437

Other investments (including a $17,000,000 investment in Forekast Limited and a $1,200,000 investment in Greenophene Technologies Limited as of June 30, 2026)

18,200,000

Operating lease right-of-use assets, net

^[1]

53,577

19,890

Finance lease right-of-use asset, net

^[2]

12,449

15,794

TOTAL ASSETS

23,181,579

5,091,388

Current liabilities:

Accounts payable and accrued liabilities

1,370,306

1,165,922

Due to related parties

856,945

101,922

Operating lease liabilities

53,577

19,890

Finance lease liabilities, current portion

4,568

4,442

Deferred revenue

285,770

201,535

Total current liabilities

2,571,166

1,493,711

Finance lease liabilities, non-current portion

4,467

6,833

Total liabilities

2,575,633

1,500,544

Commitments and contingencies

Stockholders’ equity:

Preferred stock, $0.0001 par value; 100,000,000 shares authorized; no shares issued and outstanding

Common Stock, $0.0001 par value; 500,000,000 shares authorized; 18,127,663 and 8,625,813 shares issued and outstanding as of June 30, 2026, and December 31, 2025, respectively

18,128

8,626

Additional paid-in capital

62,574,279

43,983,781

Accumulated other comprehensive loss

(156,165)

(192,226)

Accumulated deficit

(41,867,671)

(40,246,712)

Total Greenpro Capital Corp. stockholders’ equity

20,568,571

3,553,469

Noncontrolling interests in consolidated subsidiary

37,375

Total stockholders’ equity

20,605,946

3,590,844

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY

$ 23,181,579

$ 5,091,388

[1]	Operating lease ROU assets are measured at cost of $523,005 and $447,497, less accumulated amortization of $469,428 and $427,607 as of June 30, 2026, and December 31, 2025, respectively.
[2]	Finance lease ROU assets are measured at cost of $28,898 less accumulated amortization of $16,449 and $13,104 as of June 30, 2026, and December 31, 2025, respectively.