SORA on Nasdaq
AsiaStrategy
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Last updated Oct 16, 2026.
Overview
Compare with Barrick Mining Corporation, or pick any stock.
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
3.5%Gross margin2
-14.3%Operating margin2
111.9%Net margin2
-37.7%Revenue growth, 20252
56.4%Return on equity2
0.14×Debt to equity2
-$4.3MFree cash flow2
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue46¢$10.6M
- Income tax1¢$159.1K
- Profit53¢$12.3M
Out of $11.0M in revenue.2
Financial statements
No quarterly figures reported.
Every line of the income statement in the latest annual report, as filed.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Revenue | $11.0M | $17.6M | $18.8M |
| Cost of revenue | -$10.6M | -$16.2M | -$17.4M |
| Gross profit | $381.7K | $1.4M | $1.4M |
| Selling and marketing | -$149.0K | -$58.8K | -$163.6K |
| General and administrative | -$1.8M | -$1.1M | -$681.9K |
| Total operating expenses | -$2.0M | -$1.2M | -$845.5K |
| (Loss) income from operations | -$1.6M | $228.4K | $526.8K |
| Interest expense | -$296.2K | -$283.0K | -$336.8K |
| Interest income | $120.5K | $1.7K | $488 |
| Unrealized losses on digital assets, net | -$796.5K | ||
| Unrealized gains on investment in equity securities, net | $15.1M | ||
| Other (expense) income, net | -$142.6K | $2.1K | $22.4K |
| Total other income (expense), net | $14.0M | -$279.2K | -$313.9K |
| Income (loss) before income taxes | $12.5M | -$50.8K | $212.8K |
| Income tax (expenses) benefits | -$159.1K | $8.6K | -$16.1K |
| Net income (loss) | $12.3M | -$42.2K | $196.7K |
| Foreign currency translation adjustments | -$10.5K | -$3.0K | $1.4K |
| Total comprehensive income (loss) | $12.3M | -$45.2K | $198.1K |
| Net income (loss) for basic earnings (loss) per share purposes | $12.3M | -$42.2K | $196.7K |
| Add: interest expense of convertible debts | $64.9K | ||
| Net income (loss) for diluted earnings (loss) per share purposes | $12.4M | -$42.2K | $196.7K |
| Weighted average shares outstanding used in calculating basic earnings (loss) per share (in Shares) | 24.2M shares | 20.6M shares | 20.0M shares |
| Effect of dilutive securities: convertible debts (in Shares) | 472.4K shares | ||
| Weighted average shares outstanding used in calculating diluted earnings (loss) per share (in Shares) | 24.7M shares | 20.6M shares | 20.0M shares |
| Ordinary shares basic (in Dollars per share) | $0.51 | -$0.00 | $0.01 |
| Ordinary shares diluted (in Dollars per share) | $0.50 | -$0.00 | $0.01 |
No quarterly figures reported.
Every line of the balance sheet in the latest annual report, as filed.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $1.5M | $2.6M | |
| Restricted cash | $380.2K | ||
| Accounts receivable, net | $42.9K | ||
| Inventories, net | $7.1M | $2.2M | |
| Investment in equity securities, current | $17.6M | ||
| Loans receivable, net | $5.4M | ||
| Prepaid expenses, current | $271.1K | $75.1K | |
| Deposits and other current assets, net | $172.4K | $550.4K | |
| Total current assets | $32.1M | $5.8M | |
| Property and equipment, net | $4.3K | $1.0K | |
| Digital assets | $2.7M | ||
| Investment in equity securities, non-current | $3.5M | ||
| Operating lease right-of-use asset, net | $828.7K | ||
| Deferred initial public offering (IPO) costs | $639.6K | ||
| Prepaid expenses, non-current | $562.5K | ||
| Deferred tax assets, net | $159.7K | ||
| Total assets | $39.7M | $6.6M | |
| Accounts payable | $3.5M | $61.8K | |
| Bank borrowings, current | $1.2M | $2.0M | |
| Contract liabilities | $24.6K | ||
| Accrued expenses and other current liabilities | $257.7K | $14.7K | |
| Total current liabilities | $4.9M | $2.0M | |
| Bank borrowings, non-current | $3.0M | $3.2M | |
| Convertible debts | $10.0M | ||
| Total liabilities | $17.9M | $5.3M | |
| Ordinary shares ($0.0005 par value, 100,000,000 shares authorized; 24,864,000 and 22,200,000 shares issued and outstanding as of December 31, 2025 and 2024) | $12.4K | $11.1K | |
| Additional paid-in capital | $10.1M | $2.0M | |
| Retained earnings (accumulated deficit) | $11.7M | -$638.4K | |
| Accumulated other comprehensive (loss) income | -$10.1K | $377 | |
| Total shareholders equity | $21.8M | $1.4M | -$591.5K |
| Total liabilities and shareholders equity | $39.7M | $6.6M | |
| Ordinary shares, par value (in Dollars per share) | $0.00 | $0.00 | |
| Ordinary shares, shares authorized (in Shares) | 100.0M shares | 100.0M shares | |
| Ordinary shares, shares issued (in Shares) | 24.9M shares | 22.2M shares | |
| Ordinary shares, shares outstanding (in Shares) | 24.9M shares | 22.2M 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 in the latest annual report, as filed.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income (loss) | $12.3M | -$42.2K | $196.7K |
| Depreciation | $1.6K | $1.2K | $1.7K |
| Amortization of operating lease right-of-use asset | $96.2K | ||
| Allowance (recovery) of expected credit losses | $90.7K | -$5.4K | -$753 |
| Change in cash surrender value of investments in life insurance policies | -$16.2K | ||
| Unrealized losses on digital assets, net | $796.5K | ||
| Unrealized gains on investment in equity securities, net | -$15.1M | ||
| Deferred tax expenses (benefits) | $159.1K | -$8.6K | -$3.1K |
| Accounts receivable | -$42.9K | $148.0K | $172.1K |
| Inventories | -$5.0M | -$161.9K | $1.2M |
| Prepaid expenses | -$758.5K | -$65.6K | $820 |
| Deposits and other current assets | $378.0K | -$16.6K | -$206.0K |
| Operating lease assets | -$924.9K | ||
| Accounts payable | $3.4M | -$216.3K | $33.9K |
| Contract liabilities | $24.6K | -$14.5K | -$93.1K |
| Accrued expenses and other current liabilities | $243.0K | -$61.0K | $52.2K |
| Income tax payables | -$20.0K | $68.5K | |
| Net cash (used in) provided by operating activities | -$4.3M | -$463.0K | $1.4M |
| Purchase of property and equipment | -$4.8K | ||
| Purchase of digital assets | -$3.5M | ||
| Advances of loans receivable | -$5.5M | ||
| Investment in equity securities | -$6.0M | ||
| Net cash used in investing activities | -$15.0M | ||
| Proceeds from issuance of ordinary shares pursuant to Initial Public Offering (IPO), net of issuance cost | $9.3M | ||
| Proceeds from issuance of ordinary shares | $2.0M | ||
| Payments of offering costs related to Initial Public Offering (IPO) | -$514.9K | -$639.6K | |
| Proceeds from bank borrowings | $6.5M | $7.5M | $10.9M |
| Repayments of bank borrowings | -$7.5M | -$8.1M | -$11.0M |
| Proceeds from issuance of convertible debts | $10.0M | ||
| Repayments to a related party | -$968.9K | ||
| Repayments from related parties | $7.9K | $1.2M | |
| Net cash provided by (used in) financing activities | $17.8M | $2.0M | -$1.0M |
| Effect of exchange rate changes on cash and restricted cash | -$21.7K | $19.5K | -$689 |
| Net (decrease) increase in cash and restricted cash | -$1.6M | $1.5M | $313.4K |
| Income tax paid (refund) | $38.1K | $38.8K | -$49.3K |
| Interest paid | $231.3K | $283.0K | $336.8K |
| Deferred IPO cost charged to additional paid-in capital | $2.5M | ||
| Settlement of the sale proceeds of life insurance policies with amount due to a related party | $817.5K | ||
| Settlement of dividend distribution with amount due from a related party | $255.4K |
Former names
- Top Win International LtdAug 16, 2024 to Aug 22, 20253
Recent filings
- Oct 6, 20266-K REPORT OF FOREIGN PRIVATE ISSUER
- Oct 1, 20266-K REPORT OF FOREIGN PRIVATE ISSUER
- Sep 8, 20266-K REPORT OF FOREIGN PRIVATE ISSUER
- Aug 17, 20266-K REPORT OF FOREIGN PRIVATE ISSUER
- Apr 30, 202620-F ANNUAL REPORT
- Apr 21, 20266-K REPORT OF FOREIGN PRIVATE ISSUER
- Apr 17, 20263
- Apr 16, 20263
- Mar 18, 20263
- Mar 18, 20263
- Mar 18, 20263
- Mar 18, 20263
- Mar 18, 20263
- Mar 5, 20266-K REPORT OF FOREIGN PRIVATE ISSUER
- Feb 4, 2026SCHEDULE 13D/A
Every filing from the last three years, summarized. The full record is on SEC EDGAR.1
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARAsiaStrategy filings on SEC EDGAR
- 2SEC EDGARAsiaStrategy 10-K for fiscal 2025
- 3SEC EDGARAsiaStrategy filings on SEC EDGAR
- 4SEC EDGARAsiaStrategy 10-K for fiscal 2022