Overview
Compare with ONESPAWORLD HOLDINGS Ltd, Planet Fitness or Life Time, or pick any stock.
- TickerPUSA on Nasdaq1
- IndustryServices-Membership Sports & Recreation Clubs1
- HeadquartersRock Hill, South Carolina1
- Incorporated inNV2
- Business address885 Paragon Way, Rock Hill, Sc 297302
- Filer category, Emerging growth company2
- Legal formCorporation
See how the biggest companies compare on our leaderboards
The following provides an overview of the unique features and services offered by both of our golf country clubs.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Golf Operations brought in 73% of the revenue Powerus Corp broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Golf Operations | $2.4M | $2.2M |
| Food and Beverage | $648.7K | $615.0K |
| Sales of Merchandise | $115.3K | $105.4K |
| Ancillary Revenue. | $91.2K | $69.6K |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs97¢$2.9M
- Interest0¢$4.5K
- Income tax3¢$91.4K
Out of $3.0M in revenue.5 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Total revenue | $3.0M | $3.3M |
| Salaries and benefits | $3.3M | $724.2K |
| Depreciation | $220.5K | $201.1K |
| Legal and professional fees | $733.4K | $300.3K |
| Other general and administration expenses | $1.4M | $645.4K |
| Total operating costs | $7.4M | $3.5M |
| Loss from operations | -$4.4M | -$182.0K |
| Interest expense | -$4.5K | -$25.6K |
| Other income | $642.2K | $44.8K |
| Total other income, net | $637.8K | $19.3K |
| Loss before income tax | -$3.8M | -$162.8K |
| Income tax (benefits) expenses | -$91.4K | $20.9K |
| Net Loss | -$3.7M | -$183.7K |
| Comprehensive Loss | -$3.7M | -$183.7K |
| Basic | -$0.27 | -$0.02 |
| Diluted | -$0.27 | -$0.02 |
| Basic | 13.9M shares | 10.9M shares |
| Diluted | 13.9M shares | 10.9M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $28.7M | $457.1K | |
| Accounts receivable, net | $44.8K | $20.8K | |
| Short-term investment | $6.8K | ||
| Inventories, net | $34.4K | $55.8K | |
| Deferred offering costs | $582.7K | ||
| Prepaid expenses | $314.6K | ||
| Other current assets | $20.1K | $2.1K | |
| Total current assets | $29.1M | $1.1M | |
| Property and equipment, net | $3.9M | $3.1M | |
| Operating lease right-of-use assets | $933.8K | $775.5K | |
| Deferred tax assets | $309.2K | $227.2K | |
| Prepaid expenses | $488.8K | ||
| Total non-current assets | $5.7M | $4.1M | |
| Total Assets | $34.8M | $5.2M | |
| Accounts payable, other payables and accrued liabilities | $688.9K | $420.0K | |
| Contract liabilities - deferred revenue | $146.0K | $162.2K | |
| Bank and other borrowings current | $94.0K | ||
| Due to related parties | $216.6K | $2.5M | |
| Operating lease liabilities current | $242.3K | $195.1K | |
| Total current liabilities | $1.3M | $3.4M | |
| Bank and other borrowings - non-current | $98.4K | ||
| Operating lease liabilities - non-current | $691.5K | $580.4K | |
| Deferred tax liabilities | $50.8K | $60.1K | |
| Total non-current liabilities | $742.3K | $738.9K | |
| Total Liabilities | $2.0M | $4.1M | |
| Preferred stock: 50,000,000 shares authorized; $0.001 par value, 20,000,000 shares of series A preferred stock designated; 10,000,000 shares issued and outstanding as of December 31, 2025 and 2024 | $10.0K | $10.0K | |
| Common stock: 450,000,000 shares authorized; $0.001 par value, 15,268,515 and 10,880,000 shares issued and outstanding as of December 31, 2025 and 2024, respectively | $15.3K | $10.9K | |
| Additional paid-in capital | $37.4M | $2.1M | |
| Subscription receivables | -$11.6K | ||
| Accumulated deficit | -$4.7M | -$1.0M | |
| Total Stockholders Equity | $32.7M | $1.1M | $1.2M |
| Total Liabilities and Stockholders Equity | $34.8M | $5.2M | |
| Preferred stock, shares authorized | 50.0M shares | 50.0M shares | |
| Preferred stock, par value | $0.00 | $0.00 | |
| Common stock, shares authorized | 450.0M shares | 450.0M shares | |
| Common stock, par value | $0.00 | $0.00 | |
| Common stock, shares issued | 15.3M shares | 10.9M shares | |
| Common stock, shares outstanding | 15.3M shares | 10.9M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $28.7M | $457.1K | |
| Accounts receivable, net | $44.8K | $20.8K | |
| Short-term investment | $6.8K | ||
| Inventories, net | $34.4K | $55.8K | |
| Deferred offering costs | $582.7K | ||
| Prepaid expenses | $314.6K | ||
| Other current assets | $20.1K | $2.1K | |
| Total current assets | $29.1M | $1.1M | |
| Property and equipment, net | $3.9M | $3.1M | |
| Operating lease right-of-use assets | $933.8K | $775.5K | |
| Deferred tax assets | $309.2K | $227.2K | |
| Prepaid expenses | $488.8K | ||
| Total non-current assets | $5.7M | $4.1M | |
| Total Assets | $34.8M | $5.2M | |
| Accounts payable, other payables and accrued liabilities | $688.9K | $420.0K | |
| Contract liabilities - deferred revenue | $146.0K | $162.2K | |
| Bank and other borrowings current | $94.0K | ||
| Due to related parties | $216.6K | $2.5M | |
| Operating lease liabilities current | $242.3K | $195.1K | |
| Total current liabilities | $1.3M | $3.4M | |
| Bank and other borrowings - non-current | $98.4K | ||
| Operating lease liabilities - non-current | $691.5K | $580.4K | |
| Deferred tax liabilities | $50.8K | $60.1K | |
| Total non-current liabilities | $742.3K | $738.9K | |
| Total Liabilities | $2.0M | $4.1M | |
| Preferred stock: 50,000,000 shares authorized; $0.001 par value, 20,000,000 shares of series A preferred stock designated; 10,000,000 shares issued and outstanding as of December 31, 2025 and 2024 | $10.0K | $10.0K | |
| Common stock: 450,000,000 shares authorized; $0.001 par value, 15,268,515 and 10,880,000 shares issued and outstanding as of December 31, 2025 and 2024, respectively | $15.3K | $10.9K | |
| Additional paid-in capital | $37.4M | $2.1M | |
| Subscription receivables | -$11.6K | ||
| Accumulated deficit | -$4.7M | -$1.0M | |
| Total Stockholders Equity | $32.7M | $1.1M | $1.2M |
| Total Liabilities and Stockholders Equity | $34.8M | $5.2M | |
| Preferred stock, shares authorized | 50.0M shares | 50.0M shares | |
| Preferred stock, par value | $0.00 | $0.00 | |
| Common stock, shares authorized | 450.0M shares | 450.0M shares | |
| Common stock, par value | $0.00 | $0.00 | |
| Common stock, shares issued | 15.3M shares | 10.9M shares | |
| Common stock, shares outstanding | 15.3M shares | 10.9M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$3.7M | -$183.7K |
| Depreciation | $220.5K | $201.1K |
| Unpaid directors remuneration | $200.0K | $110.0K |
| Stock-based compensation | $1.9M | |
| Provision for allowance for expected credit losses | $5.3K | |
| Accounts receivable | -$29.2K | $15.5K |
| Prepaid expenses | -$803.4K | |
| Other current assets | -$18.0K | -$2.0K |
| Inventories | $21.4K | -$113 |
| Deferred tax assets | -$82.1K | $9.0K |
| Accounts payable, other payables and accrued liabilities | $268.9K | -$75.9K |
| Contract liabilities - deferred revenue | -$16.2K | $3.8K |
| Deferred tax liabilities | -$9.3K | $12.0K |
| Net Cash (Used in) Provided by Operating Activities | -$2.0M | $89.7K |
| Purchase of property and equipment | -$1.1M | -$126.7K |
| Short-term investment | $6.8K | -$6.8K |
| Net Cash Used in Investing Activities | -$1.1M | -$133.5K |
| Proceeds from issue of common stocks | $10.7M | |
| Proceeds from issue of common stocks and pre-funded warrants | $23.5M | |
| Proceeds from stockholders for settlement of subscription receivables | $6.5K | |
| Proceeds from related party loan | $72.1K | $980.8K |
| Repayments to related party loan | -$2.6M | -$210.0K |
| Repayments of bank and other borrowings | -$192.4K | -$592.9K |
| Deferred offering costs | -$171.2K | -$329.7K |
| Net Cash Generated from (Used in) Financing Activities | $31.3M | -$145.4K |
| Net change in cash and cash equivalents | $28.2M | -$189.2K |
| Cash paid for interest | $4.5K | $25.6K |
| Prepaid offering costs net off with additional paid-in capital | $582.7K | |
| Initial recognition of lease obligations related to right-of-use assets | $370.1K |
No quarter-by-quarter statement was filed.
Corporate structure
Powerus Corp sits at the top of its group. 7 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Powerus Corp
- Michael Sinensky Filed SCHEDULE 13D on Powerus Corp, latest Oct 13, 2026
- Roman Vintfeld Filed SCHEDULE 13D on Powerus Corp, latest Oct 13, 2026
- AUT HOLDINGS LLC Filed SCHEDULE 13G on Powerus Corp, latest Oct 8, 2026
- Andrew Scott Fox Filed SCHEDULE 13D on Powerus Corp, latest Oct 8, 2026
- American Ventures LLC, Series XVI AGH Filed SCHEDULE 13D/A on Powerus Corp, latest Mar 11, 2026 (5 filings since Sep 2, 2025)
- Scopellite 2021 Irr Steven Filed SCHEDULE 13D on Powerus Corp, latest Aug 6, 2025
- Ching Ping Stephen Cheung Filed SCHEDULE 13D/A on Powerus Corp, latest Jul 30, 2025 (2 filings since May 8, 2025)
- Chiping Cheung Filed SCHEDULE 13D/A on Powerus Corp, latest Jul 30, 2025 (2 filings since Apr 30, 2025)
- Powerus Corp Rock Hill, South Carolina
- Aureus Merger Sub Inc. Subsidiary · Delaware, United States
- Chrome Fields I, Inc. Subsidiary · Delaware, United States
- Chrome Fields II, Inc. Subsidiary · Delaware, United States
- FSC Clearwater II LLC Subsidiary · Florida, United States
- FSC Clearwater LLC Subsidiary · Florida, United States
- Pine Ridge Group Limited Subsidiary · British Virgin Islands
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Powerus Corp reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $5.9M5 Dec 31, 2025 | $4.8M5 Dec 31, 2024 | +22.2% |
| Accumulated depreciation | $2.0M5 Dec 31, 2025 | $1.8M5 Dec 31, 2024 | +12.6% |
| Property and equipment, net | $3.9M5 Dec 31, 2025 | $3.1M5 Dec 31, 2024 | +27.7% |
| Operating-lease assets (leased space) | $933.8K5 Dec 31, 2025 | $775.5K5 Dec 31, 2024 | +20.4% |
Real estate and locations
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $28.7M5 Dec 31, 2025 | $457.1K5 Dec 31, 2024 | +6171.2% |
| Marketable securities, current | $6.8K5 Dec 31, 2024 |
Inventory
| Item | Latest | A year before | Change |
|---|---|---|---|
| Inventory, total | $34.4K5 Dec 31, 2025 | $55.8K5 Dec 31, 2024 | −38.3% |
| Finished goods | $34.4K5 Dec 31, 2025 | $55.8K5 Dec 31, 2024 | −38.3% |
Properties, in its own words
Our principal premises are located at 2995 Remington Blvd. Kissimmee, FL 34744. We own the underlying real estate for both of our golf country clubs consisting of over 289 acres of fee simple real estate.
As of the date of this Annual Report on Form 10-K, we believe our corporate office space at Remington Golf Club is well maintained and occupies sufficient space to meet our operating needs.
The rest of Item 2
The following tables illustrate our golf country clubs by segment, location, type of club, and size in terms of golf holes.
Golf Country Clubs Segment by Region · Type of Club · Market · State · Golf Holes
Kissimmee Bay Country Club · Public Golf Country Club · Kissimmee · FL · 18
Remington Golf Club · Public Golf Country Club · Kissimmee · FL · 18
Item 2 of the 10-K filed Mar 31, 2026.4
Leadership
Who has led Powerus Corp, and when. Pick a name to see everywhere that person has worked.
Chief financial officer
- Chief financial officerWai Sing Sam Lui Apr 18, 2025 to now9
Board members and other officers (7)
- Board memberChristopher Schraft May 22, 2026 to now10
- Board memberKay Hwa Tang Apr 14, 2025 to now11
- Board memberTeck Seng Joshua Tay Apr 14, 2025 to now12
- Board memberXinyue Jasmine Geffner Apr 14, 2025 to now13
- Board memberChing Ping Stephen Cheung May 8, 2025 to now14
- Board memberMatthew John Saker Dec 2, 2025 to now15
- Board memberVuk Jeremic Dec 2, 2025 to now16
Named in SEC Form D filings
People the company listed in its private-offering notices.
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- Aureus Merger Sub Inc. Delaware3
- Chrome Fields I, Inc. Delaware3
- Chrome Fields II, Inc. Delaware3
- FSC Clearwater II LLC Florida3
- FSC Clearwater LLC Florida3
- Pine Ridge Group Limited British Virgin Islands3
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
- Aureus Greenway Holdings IncJan 31, 2024 to Oct 1, 20262
Timeline
- Oct 6, 20268-K Executive or director change; Regulation FD disclosure18
- Oct 1, 20268-K Completed an acquisition or sale; Change to shareholders' rights; Change of auditor19
- Aug 17, 20268-K Other events20
- Jul 20, 20268-K Entered a material agreement21
- May 18, 20268-K Regulation FD disclosure; Other events22
- Mar 23, 20268-K Entered a material agreement; Unregistered sale of shares; Executive or director change23
- Mar 11, 20268-K Entered a material agreement; Unregistered sale of shares; Regulation FD disclosure24
- Mar 9, 20268-K Entered a material agreement; Unregistered sale of shares25
- Feb 3, 20268-K Executive or director change26
- Sep 24, 20258-K Executive or director change27
- Sep 12, 20258-K Executive or director change28
- Aug 7, 20258-K Other events29
Calendar
Coming up
- Nov 13, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported ($0.18) a share, on Nov 14, 2025.30
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
116 filings to the SEC since October 2021: 2 annual reports, 6 quarterly reports, 17 major events, 25 insider forms, 14 large holders, 1 private raises, 51 other. The latest 20:
- Oct 13, 2026SCHEDULE 13D EDGAR
- Oct 13, 2026SCHEDULE 13D EDGAR
- Oct 13, 20263 OWNERSHIP DOCUMENT EDGAR
- Oct 8, 2026SCHEDULE 13D EDGAR
- Oct 8, 2026SCHEDULE 13G EDGAR
- Oct 6, 20268-K EDGAR
- Oct 6, 2026S-8 EDGAR
- Oct 1, 20263 EDGAR
- Oct 1, 20263 EDGAR
- Oct 1, 20263 EDGAR
- Oct 1, 20263 EDGAR
- Oct 1, 20263 EDGAR
- Oct 1, 20268-K EDGAR
- Oct 1, 20263 EDGAR
- Oct 1, 20263 EDGAR
- Sep 8, 2026424B3 EDGAR
- Aug 17, 2026425 EDGAR
- Aug 17, 20268-K EDGAR
- Aug 13, 202610-Q EDGAR
- Aug 12, 2026EFFECT EDGAR
The 116 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
4 open-market trades by officers, directors and large owners since October 2021: 0 buys and 4 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jul 25, 2025 | Chrome Fields Asset Management LLC10% owner | Sale | 6,000,000 | $0.33 | $2.0M | Form 4 |
| Jul 25, 2025 | Cheung ChiPingChief Executive Officer | Sale | 6,000,000 | $0.33 | $2.0M | Form 4 |
| Jul 25, 2025 | Cheung Ching Ping StephenDirector | Sale | 7,000,000 | $0.29 | $2.0M | Form 4 |
| Jul 25, 2025 | Ace Champion Investments Ltd10% owner | Sale | 7,000,000 | $0.29 | $2.0M | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Michael SinenskySCHEDULE 13D, 1 filing Oct 13, 202631
- Roman VintfeldSCHEDULE 13D, 1 filing Oct 13, 202632
- AUT HOLDINGS LLCSCHEDULE 13G, 1 filing Oct 8, 202633
- Andrew Scott FoxSCHEDULE 13D, 1 filing Oct 8, 202634
- American Ventures LLC, Series XVI AGHSCHEDULE 13D/A, 5 filings Sep 2, 2025 to Mar 11, 202635
- Scopellite 2021 Irr StevenSCHEDULE 13D, 1 filing Aug 6, 202536
- Ching Ping Stephen CheungSCHEDULE 13D/A, 2 filings May 8, 2025 to Jul 30, 202537
- Chiping CheungSCHEDULE 13D/A, 2 filings Apr 30, 2025 to Jul 30, 202538
Money raised
Private offerings the company reported to the SEC on Form D.
- Jul 25, 2025Raised $26 million in a private offering of equity Form D: 1 investor so far Form D
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 30. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How Powerus Corp is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARPowerus Corp1
- CIK0002009312
- Employer ID (EIN)99-04186784
- Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; a shell company4
- Incorporated inNevada4
- Fiscal year endsDecember 311
- Industry code (SIC)7997 Services-Membership Sports & Recreation Clubs1
- SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
- Business address885 Paragon Way, Rock Hill, SC 297301
- Phone1-914-843-19821
- Shares outstanding26,943,582 as of Aug 13, 20268
- Public float$26.7M as of Dec 31, 20254
- AuditorWWC, P.C., San Mateo, California PCAOB ID 1171; no auditor attestation of internal control over financial reporting4
- On EDGAR sinceJan 31, 20241
- Filings116 in all: 3 (19), 8-K (17), CORRESP (7), S-1/A (7), SCHEDULE 13D (7), 10-Q (6), 4 (6), SCHEDULE 13D/A (6)1
All 29 form types
UPLOAD (6), POS AM (5), EFFECT (4), 425 (3), 10-K (2), 424B4 (2), DRS/A (2), DRSLTR (2), S-1 (2), S-8 (2), 424B3 (1), 424B8 (1), 8-A12B (1), CERT (1), D (1), DEF 14C (1), DRS (1), PRE 14C (1), S-4 (1), S-4/A (1), SCHEDULE 13G (1)
- Latest filingsAnnual report (10-K) Mar 31, 2026
Quarterly report (10-Q) Aug 13, 2026
Latest 8-K (8-K) Oct 6, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, par value $0.001 per share | AGH | The Nasdaq Stock Market LLC |
From the cover page of the 10-K filed Mar 31, 2026 (Section 12(b) of the Exchange Act).4
Risk factors and legal proceedings
Legal proceedings
As of the date of this Annual Report on Form 10-K, there are no active legal proceedings pending or threatened against the Company. However, from time to time, we may be subject to various legal claims and proceedings that arise from the normal course of business activities, including, third party intellectual property infringement claims against us in the form of letters and other forms of communication. Litigation or any other legal or administrative proceeding, regardless of the outcome, could result in substantial cost, diversion of our resources, including management’s time and attention, and, depending on the nature of the claims, reputational harm. In addition, if any litigation results in an unfavorable outcome, there exists the possibility of a material adverse impact on our results of operations, prospects, cash flows, financial position and brand.
The opening of Item 3, Legal Proceedings.4
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARPowerus Corp filings on SEC EDGAR
- 2SEC EDGARPowerus Corp filings on SEC EDGAR
- 3
- 4
- 5SEC EDGARPowerus Corp 10-K for fiscal 2025
- 6SEC EDGARPowerus Corp 10-K for fiscal 2022
- 7SEC EDGARPowerus Corp 10-Q for fiscal 2026
- 8SEC EDGARPowerus Corp 10-Q for fiscal 2026
- 9
- 10SEC EDGARChristopher Schraft, Board member
- 11SEC EDGARKay Hwa Tang, Board member
- 12SEC EDGARTeck Seng Joshua Tay, Board member
- 13SEC EDGARXinyue Jasmine Geffner, Board member
- 14
- 15SEC EDGARMatthew John Saker, Board member
- 16SEC EDGARVuk Jeremic, Board member
- 17
- 18
- 19
- 20SEC EDGAROther events
- 21SEC EDGAREntered a material agreement
- 22
- 23
- 24
- 25
- 26SEC EDGARExecutive or director change
- 27SEC EDGARExecutive or director change
- 28SEC EDGARExecutive or director change
- 29SEC EDGAROther events
- 30NasdaqNasdaq calendar
- 31
- 32
- 33
- 34
- 35
- 36
- 37
- 38