Overview
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- TickerTRON on Nasdaq1
- IndustryFinance Services1
- HeadquartersWinter Park, Florida1
- Incorporated inNV2
- Business address941 W. Morse Blvd., Suite 100, Winter Park, Fl 327892
- Filer category, Emerging growth company2
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(“GAAP”) and pursuant to the rules and regulations of US Securities and Exchange Commission (“SEC”).3 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
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue75¢$3.5M
- Other costs25¢$1.2M
Out of $4.7M in revenue.4 The company lost money this year.
Financial statements
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $6.1M5 | $5.8M6 | $4.3M4 | $4.7M4 | |
| Cost of revenue | $4.8M5 | $4.4M6 | $3.5M4 | $3.5M4 | |
| Gross profit | $1.2M5 | $1.3M6 | $855.2K4 | $1.2M4 | |
| Operating expenses | $5.2M4 | $3.7M4 | |||
| Operating income | $358.0K5 | -$2.0M6 | -$4.3M4 | -$2.5M4 | |
| Interest | $30.1K5 | $55.8K5 | |||
| Income before tax | -$4.3M4 | -$16.8M4 | |||
| Net income | $328.7K5 | -$2.1M6 | -$4.3M4 | -$16.8M4 | |
| Earnings per share | $0.055 | -$0.276 | -$0.374 | -$0.164 | |
| Earnings per share (diluted) | $0.055 | -$0.276 | -$0.374 | -$0.164 | |
| Shares (weighted, basic) | 6.5M shares5 | 7.7M shares6 | 11.6M shares4 | 102.6M shares4 | |
| Shares (weighted, diluted) | 6.5M shares5 | 7.7M shares6 | 11.6M shares4 | 102.6M shares4 |
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Receivables | $621.1K5 | $707.0K6 | $794.2K4 | $671.8K4 | |
| Inventory | $290.2K5 | $307.0K6 | $783.8K4 | $704.2K4 | |
| Current assets | $2.1M5 | $4.5M6 | $3.5M4 | $12.4M4 | |
| Property, plant and equipment | $9.3K5 | $45.5K6 | $48.3K4 | $71.9K4 | |
| Intangible assets | $2.8M4 | ||||
| Total assets | $2.1M5 | $4.5M6 | $6.3M4 | $211.4M4 | |
| Accounts payable | $378.8K5 | $126.5K6 | $264.0K4 | $142.9K4 | |
| Current liabilities | $1.0M4 | $652.7K4 | |||
| Total liabilities | $2.1M5 | $418.9K6 | $1.0M4 | $1.1M4 | |
| Retained earnings | $696.0K5 | -$1.4M6 | -$5.7M4 | -$22.5M4 | |
| Shareholders’ equity | -$331.3K5 | -$2.6K6 | $4.1M4 | $5.3M4 | $210.3M4 |
| Shares outstanding | 6.5M shares5 | 9.8M shares6 | 16.0M shares4 | 261.3M shares4 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Corporate structure
Tron Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Tron Inc.
- Bravemorning Ltd Filed SCHEDULE 13D/A on Tron Inc., latest Apr 13, 2026 (2 filings since Jul 25, 2025)
- Yong Rong (HK) Asset Management Ltd Filed SCHEDULE 13G/A on Tron Inc., latest Sep 10, 2025 (2 filings since Jul 17, 2025)
- William George Brumder Filed SCHEDULE 13G/A on Tron Inc., latest Aug 21, 2025 (2 filings since Jul 16, 2025)
- Anson Funds Management LP Filed SCHEDULE 13G/A on Tron Inc., latest May 15, 2025 (2 filings since Feb 14, 2025)
- Greentree Financial Group, Inc Filed SC 13G on Tron Inc., latest Oct 22, 2024
- Richard A. Miller Filed SC 13D on Tron Inc., latest Aug 23, 2023
- Tron Inc. Winter Park, Florida
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Tron Inc. 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 | $146.5K4 Dec 31, 2025 | $77.7K4 Dec 31, 2024 | +88.6% |
| Accumulated depreciation | $74.7K4 Dec 31, 2025 | $29.4K4 Dec 31, 2024 | +153.7% |
| Property and equipment, net | $71.9K4 Dec 31, 2025 | $48.3K4 Dec 31, 2024 | +48.9% |
| Operating-lease assets (leased space) | $682.3K4 Dec 31, 2025 |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Stakes in other companies (equity method) | $190.5K4 Dec 31, 2025 | ||
| Deposits held (banks) | $156.4K4 Dec 31, 2025 | $396.5K4 Dec 31, 2024 | −60.6% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Intangible assets, net (excluding goodwill) | $2.8M4 Dec 31, 2024 | ||
| Finite-lived intangibles, net | $2.8M6 Dec 31, 2024 |
Inventory
| Item | Latest | A year before | Change |
|---|---|---|---|
| Inventory, total | $704.2K4 Dec 31, 2025 | $783.8K4 Dec 31, 2024 | −10.2% |
| Finished goods | $704.2K4 Dec 31, 2025 | $783.8K4 Dec 31, 2024 | −10.2% |
Properties, in its own words
Our principal executive office is located in a flexible shared office facility located at 941 W Morse Blvd., Suite 100, Winter Park, FL 32789, with lease terms on a month-to-month basis. On August 8, 2025, the Company entered into a Lease Agreement (the “Lease”) with Trump Tower Commercial LLC for the leasing of 2,791 rentable square feet located at 725 Fifth Avenue, New York, NY 10022 with a term commencing September 1, 2025 and ending October 31, 2028. We believe that these facilities are adequate for our needs, including providing the space and infrastructure to accommodate our development work based on our current operating plan. We do not own any real estate.
Item 2 of the 10-K filed Mar 25, 2026.3
Leadership
Who has led Tron Inc., and when. Pick a name to see everywhere that person has worked.
- PresidentTaft Bryan Flittner Aug 14, 2023 to Feb 26, 20249
- Chief financial officerDouglas O. McKinnon Aug 14, 2023 to now10
Board members and other officers (7)
- VP of Production DevelopmentDeborah Lynn McDaniel-Hand Aug 14, 2023 to now11
- Board memberWeike Sun Apr 8, 2026 to now12
- Board memberZhihong Liu Apr 8, 2026 to now13
- Board memberDouglas O. McKinnon Feb 26, 2024 to now14
- Board memberChristopher Melton Aug 14, 2023 to now15
- Board memberGary L. Herman Aug 14, 2023 to now16
- Board memberHans Haywood Aug 14, 2023 to now17
Former names
- SRM Entertainment, Inc.Dec 14, 2022 to Jul 16, 20252
Timeline
- Oct 14, 20268-K Entered a material agreement18
- Aug 13, 20268-K Regulation FD disclosure19
- May 11, 20268-K Regulation FD disclosure20
- Apr 8, 20268-K Unregistered sale of shares21
- Apr 1, 20268-K Executive or director change22
- Feb 12, 20268-K Regulation FD disclosure23
- Jan 23, 20268-K Regulation FD disclosure24
- Dec 29, 20258-K Entered a material agreement; Unregistered sale of shares; Regulation FD disclosure25
- Dec 18, 20258-K Shareholder vote26
- Nov 12, 20258-K Regulation FD disclosure27
- Sep 2, 20258-K Unregistered sale of shares; Change in control; Bylaws or fiscal year changed28
- Sep 2, 20258-K Regulation FD disclosure29
Calendar
Coming up
- Nov 9, 2026Reports results for the quarter ending Sep/202630
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
223 filings to the SEC since October 2021: 4 annual reports, 10 quarterly reports, 62 major events, 56 insider forms, 11 large holders, 80 other. The latest 20:
- Oct 14, 2026424B5 EDGAR
- Oct 14, 20268-K EDGAR
- Sep 17, 20264 EDGAR
- Aug 13, 20268-K EDGAR
- Aug 11, 202610-Q EDGAR
- May 11, 20268-K EDGAR
- May 8, 202610-Q EDGAR
- Apr 13, 2026SCHEDULE 13D/A EDGAR
- Apr 8, 20264 EDGAR
- Apr 8, 20263 EDGAR
- Apr 8, 20263 EDGAR
- Apr 8, 20263 EDGAR
- Apr 8, 20268-K EDGAR
- Apr 1, 20268-K EDGAR
- Mar 30, 2026EFFECT EDGAR
- Mar 30, 2026EFFECT EDGAR
- Mar 26, 2026CORRESP EDGAR
- Mar 26, 2026CORRESP EDGAR
- Mar 26, 2026UPLOAD EDGAR
- Mar 25, 202610-K EDGAR
The 223 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
15 open-market trades by officers, directors and large owners since October 2021: 1 buys and 14 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Aug 22, 2025 | Melton ChristopherDirector | Sale | 15,000 | $5.06 | $75.9K | Form 4 |
| Jul 1, 2025 | MCKINNON DOUGLAS OChief Financial Officer | Sale | 122,000 | $7.39 | $901.4K | Form 4 |
| Jun 23, 2025 | McDaniel-Hand Deborah LynnVP of Production Development | Sale | 100,000 | $9.41 | $941.0K | Form 4 |
| Jun 20, 2025 | Miller Richard AChief Executive Officer | Sale | 100,000 | $11.19 | $1.1M | Form 4 |
| Jan 8, 2025 | Safety Shot, Inc.10% owner | Sale | 266,200 | Form 4 | ||
| Dec 12, 2024 | Safety Shot, Inc.10% owner | Sale | 259,567 | Form 4 | ||
| Dec 10, 2024 | Safety Shot, Inc.10% owner | Sale | 15,398 | $0.82 | $12.6K | Form 4 |
| Dec 9, 2024 | Safety Shot, Inc.10% owner | Sale | 70,000 | Form 4 | ||
| Dec 6, 2024 | Safety Shot, Inc.10% owner | Sale | 46,598 | Form 4 | ||
| Dec 5, 2024 | Safety Shot, Inc.10% owner | Sale | 187,498 | Form 4 | ||
| Dec 4, 2024 | Safety Shot, Inc.10% owner | Sale | 259,000 | Form 4 | ||
| Jun 7, 2024 | Safety Shot, Inc.10% owner | Sale | 20,000 | $1.12 | $22.4K | Form 4 |
| Dec 29, 2023 | Haywood HansDirector | Buy | 6,814 | $1.63 | $11.1K | Form 4 |
| Nov 29, 2023 | John Brian10% owner | Sale | 2,664 | $2.75 | $7.3K | Form 4 |
| Nov 28, 2023 | John Brian10% owner | Sale | 3,500 | $2.75 | $9.6K | 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.
- Bravemorning LtdSCHEDULE 13D/A, 2 filings Jul 25, 2025 to Apr 13, 202631
- Yong Rong (HK) Asset Management LtdSCHEDULE 13G/A, 2 filings Jul 17, 2025 to Sep 10, 202532
- William George BrumderSCHEDULE 13G/A, 2 filings Jul 16, 2025 to Aug 21, 202533
- Anson Funds Management LPSCHEDULE 13G/A, 2 filings Feb 14, 2025 to May 15, 202534
- Greentree Financial Group, IncSC 13G, 1 filing Oct 22, 202435
- Richard A. MillerSC 13D, 1 filing Aug 23, 202336
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 57. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| BlackRock, Inc. | 3,303,714 | $5.3M | 0.0% | +3,185,726 |
| Vanguard Capital Management LLC | 2,064,362 | $3.3M | 0.0% | −47,463 |
| Geode Capital Management, LLC | 1,362,441 | $2.2M | 0.0% | +943,812 |
| LPL Financial LLC | 725,079 | $1.2M | 0.0% | −95,565 |
| Goldman Sachs Group Inc | 449,265 | $723.3K | 0.0% | +385,183 |
| State Street Corp | 427,900 | $688.9K | 0.0% | +355,500 |
| Northern Trust Corp | 378,599 | $609.5K | 0.0% | +321,493 |
| Vanguard Portfolio Management LLC | 343,728 | $553.4K | 0.0% | New |
| Vanguard Fiduciary Trust Co | 292,858 | $471.5K | 0.0% | +161,506 |
| Bank of New York Mellon Corp | 172,131 | $277.1K | 0.0% | New |
| UBS Group AG | 171,354 | $275.9K | 0.0% | −855,920 |
| Two Sigma Investments, LP | 168,713 | $271.6K | 0.0% | −5,900 |
| Charles Schwab Investment Management Inc | 98,995 | $159.4K | 0.0% | New |
| Nomura Holdings Inc | 71,418 | $115.0K | 0.0% | +30,000 |
| Nuveen, LLC | 67,825 | $109.2K | 0.0% | New |
| Bank Of America Corp /de/ | 60,300 | $97.1K | 0.0% | −57,768 |
| New York State Common Retirement Fund | 56,600 | $91.1K | 0.0% | New |
| Fmr LLC | 55,325 | $89.1K | 0.0% | New |
| Abel Hall, LLC | 54,473 | $87.7K | 0.0% | New |
| Deutsche Bank Ag\ | 49,218 | $79.2K | 0.0% | New |
| Wells Fargo & Company/mn | 43,272 | $69.7K | 0.0% | New |
| Rhumbline Advisers | 42,939 | $69.1K | 0.0% | New |
| XTX Topco Ltd | 40,566 | $65.3K | 0.0% | +853 |
| Police & Firemen's Retirement System of New Jersey | 31,328 | $50.4K | 0.0% | New |
| Morgan Stanley | 31,084 | $50.0K | 0.0% | −1,166 |
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How Tron Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARTron Inc.1
- CIK0001956744
- Employer ID (EIN)32-06865343
- Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; a shell company3
- Incorporated inNevada3
- Fiscal year endsDecember 311
- Industry code (SIC)6199 Finance Services1
- SEC reviewing officeOffice of Crypto Assets, Division of Corporation Finance1
- Business address941 W. Morse Blvd., Suite 100, Winter Park, FL 327891
- Phone407-230-81001
- Shares outstanding474,382,064 as of Aug 7, 20268
- Public float$101.2M as of Jun 30, 20253
- AuditorM&K CPAS, PLLC, The Woodlands, Texas PCAOB ID 27383
- On EDGAR sinceDec 14, 20221
- Filings223 in all: 8-K (62), 4 (43), CORRESP (21), 3 (13), UPLOAD (13), 10-Q (10), 144 (7), EFFECT (5)1
All 35 form types
S-1/A (4), S-3 (4), S-3/A (4), 10-K (3), DRS/A (3), DRSLTR (3), SCHEDULE 13G (3), SCHEDULE 13G/A (3), 424B5 (2), DEF 14A (2), SC 13D (2), 10-K/A (1), 424B2 (1), 424B4 (1), 8-A12B (1), ARS (1), CERT (1), DEF 14C (1), DRS (1), FWP (1), NT 10-Q (1), PRE 14C (1), S-1 (1), S-8 (1), SC 13G (1), SCHEDULE 13D (1), SCHEDULE 13D/A (1)
- Latest filingsAnnual report (10-K) Mar 25, 2026
Quarterly report (10-Q) Aug 11, 2026
Proxy statement (DEF 14A) Nov 26, 2025
Latest 8-K (8-K) Oct 14, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, $.0001 par value per share | TRON | Nasdaq |
From the cover page of the 10-K filed Mar 25, 2026 (Section 12(b) of the Exchange Act).3
Risk factors and legal proceedings
The risks Tron Inc. names in Item 1A of its 10-K filed Mar 25, 2026: 52 risks under these headings, as written.3
- Risks Related to Our Business
- Risks Related to Our Toy and Souvenir Business
- We expect the results of operations of our toy and souvenir business to fluctuate on a quarterly and annual basis, which could cause our stock price to fluctuate or decline.
- Our use of third-party manufacturers to produce our products presents risks to our toy and souvenir business.
- Our toy and souvenir business may be harmed by the imposition or threat of tariffs, including reciprocal or retaliatory tariffs, in markets in which we operate which could increase our product costs and other costs of doing business, impact consumer spending, or lower our revenues and earnings.
- High levels of competition and low barriers to entry make it difficult to achieve, maintain, or build upon the success of the Company’s brands, products, and product lines.
- The Company is not always able to successfully identify and/or satisfy consumer preferences, which could cause its business, financial condition, and results of operations to be adversely affected.
- General economic conditions may have an adverse impact on our toy and souvenir business, financial condition or results of operations.
- Failure to successfully implement new initiatives or meet product introduction schedules can have an adverse effect on the Company’s business, financial condition, and results of operations.
- Bad or extreme weather conditions and forecasts of bad or mixed weather conditions, which may be due to climate change, can adversely impact attendance at parks where our products are sold.
- The Company’s toy and souvenir business is highly seasonal, and its operating results depend, in large part, on sales during the relatively brief traditional holiday season. Events that disrupt the Company’s business during its peak demand times can adversely and disproportionately affect the Company’s business, financial condition, and results of operations.
- We could be subject to future product liability suits or product recalls which could have a significant adverse effect on our financial condition and results of operations.
The other 42 risks
- The Company’s toy and souvenir business depends in large part on the success of its vendors and outsourcers, and the Company’s brands and reputation are subject to harm from actions taken by third parties that are outside the Company’s control. In addition, any significant failure, inadequacy, or interruption from such vendors or outsourcers could harm the Company’s ability to effectively operate this business.
- The Company depends on key personnel and may not be able to hire, retain, and integrate sufficient qualified personnel to maintain and expand its toy and souvenir business.
- Failure to keep pace with developments in technology could adversely affect our operations or competitive position.
- Increases in labor costs and employee health and welfare benefits could have a negative impact on our cash flows, financial condition, and results of operations.
- Disruptions in the Company’s manufacturing operations or supply chain due to political instability, civil unrest, or disease could adversely affect the Company’s toy and souvenir business, financial position, sales, and results of operations.
- Disruptions in our supply chain for materials and components and the resulting increase in equipment and logistics costs could adversely affect our financial performance.
- We depend on large, recurring purchases from certain significant retailers, distributors and other channel partners, and a loss, cancellation or delay in purchases by these channel partners could negatively affect our revenue.
- The Company relies extensively on information technology in its operations, and any material failure, inadequacy, interruption, or security breach of that technology could have an adverse effect on its business, financial condition, and results of operations.
- The Company faces risks related to protecting its proprietary intellectual property and information and is subject to third-party claims that the Company is infringing on their intellectual property rights, either of which could adversely affect the Company’s business, financial condition, and results of operations.
- If disruptions in our transportation network occur or our shipping costs substantially increase, we may be unable to sell or timely deliver our products, and our operating expenses could increase.
- As part of growing our business, we may make acquisitions. If we fail to successfully select, execute or integrate our acquisitions, then our business, results of operations and financial condition could be materially adversely affected and our stock price could decline.
- If we do not effectively manage our sales channel inventory and product mix, we may incur costs associated with excess inventory, or lose sales from having too few products.
- Changes in tax laws or exposure to additional income tax liabilities could affect our future profitability.
- We must comply with indirect tax laws in multiple jurisdictions, as well as complex customs duty regimes worldwide. Audits of our compliance with these rules may result in additional liabilities for taxes, duties, interest and penalties related to our international operations which would reduce our profitability.
- The Consumer Product Safety Improvement Act and other existing or future government regulation could harm our business or may cause us to incur additional costs associated with compliance.
- We may be subject to anti-corruption, anti-bribery, anti-money laundering, economic sanctions and other similar laws and regulations, and non-compliance with such laws and regulations could subject the Company to civil, criminal and administrative penalties, remedial measures and legal expenses, all of which could adversely affect the Company’s business, prospects, results of operations, financial condition and reputation.
- If one or more of our major customers were to experience difficulties in fulfilling their obligations to us, cease doing business with us, significantly reduce the amount of their purchases from us or return substantial amounts of our products, it could have a materially adverse effect on our business, results of operations and financial condition.
- Customer complaints regarding our products and services could hurt our business.
- Risks Related to Our Securities and Other Risks
- We are an “emerging growth company” and we cannot be certain if the reduced disclosure requirements applicable to emerging growth companies will make our common stock less attractive to investors.
- We may face risks relating to the lack of PCAOB inspection on our auditor.
- Immediately after August Warrant Exercise in connection with the June Securities Purchase Agreement, Bravemorning held approximately 86.6% of the Company’s outstanding Common Stock, and also Preferred Stock Shares which vote together with the Common Stock and increased Bravemorning’s aggregate voting power to 92.5%. Bravemorning holds supermajority voting power and may take actions that may not be in the best interests of our other stockholders.
- We may regularly encounter potential conflicts of interest, and our failure to identify and address such conflicts of interest could adversely affect our business.
- Risks Related to Our TRX Token Strategy and Holdings
- The TRX token is a highly volatile asset, and fluctuations in the price of the TRX token are likely to affect our financial results and the market price of our listed securities.
- The TRX token and other digital assets are novel assets, and are subject to significant legal, commercial, regulatory and technical uncertainty
- A significant decrease in the market value of our TRX token holdings could adversely affect our ability to satisfy our financial obligations.
- Our historical financial statements do not reflect the potential variability in earnings that we may experience in the future relating to our TRX token holdings.
- Our TRX token strategy subjects us to enhanced regulatory oversight.
- Due to the unregulated nature and lack of transparency surrounding the operations of many TRX token trading venues, TRX token trading venues may experience greater fraud, security failures or regulatory or operational problems than trading venues for more established asset classes, which may result in a loss of confidence in TRX token trading venues and adversely affect the value of our TRX token.
- The concentration of our TRX token holdings enhances the risks inherent in our TRX token strategy.
- Our holdings of sTRX tokens are subject to risks associated with smart contracts and the TRON blockchain, which could adversely affect their value.
- Due to Justin Sun’s role as the founder of TRON and his continued association with the TRON blockchain system, his actions and statements may potentially impact the price of TRX, which could in turn impact the Company and the effectiveness of its treasury strategy.
- The emergence or growth of other digital assets, including those with significant private or public sector backing, could have a negative impact on the price of TRX tokens and adversely affect our business.
- Our TRX token holdings are less liquid than our existing cash and cash equivalents and may not be able to serve as a source of liquidity for us to the same extent as cash and cash equivalents.
- We face risks relating to the security of the wallets holding our TRX tokens, including the loss or destruction of private keys required to access our TRX tokens and cyberattacks or other data loss relating to our TRX tokens.
- The limited rights of legal recourse available to us, and our lack of insurance protection expose us and our stockholders to the risk of loss of our digital assets.
- If we or our third-party service providers experience a security breach or cyberattack and unauthorized parties obtain access to our TRX tokens, we may lose some or all of our TRX tokens and our financial condition and results of operations could be materially adversely affected.
- Absent federal regulations, there is a possibility that the TRX token (either on its own or when offered and sold as part of or subject to an investment contract) may be classified as a “security.” Any such classification of TRX token as a “security” would subject us to additional regulation and could materially impact the operation of our business.
- We are not subject to legal and regulatory obligations that apply to investment companies such as mutual funds and exchange-traded funds, or to obligations applicable to investment advisers.
- Our TRX token strategy exposes us to risk of non-performance by counterparties in the future.
- The price decrease of energy, a type of system resources on the TRON blockchain, could negatively affect the Company.
- Risks Related to Our Corporate Structure
- We may become subject to a variety of PRC laws and other obligations regarding M&A Rules, the Trial Measures and data security, and any failure to comply with applicable laws and obligations could potentially have a material and adverse effect on our business, financial condition and results of operations.
- It may be difficult to enforce a judgment of U.S. courts for civil liabilities under U.S. federal securities laws against us, our directors or officers in Mainland China and Hong Kong.
Legal proceedings
The Company may be subject to legal proceedings and claims arising from contracts or other matters from time to time in the ordinary course of business. There are no actions, suits, proceedings, inquiries or investigation before or by any court, public board, government agency, self-regulatory organization or body pending or, to the knowledge of the executive officers of the Company or any of our subsidiaries, threatened against or affecting the Company, our common stock, any of our officers or directors in their capacities as such, in which an adverse decision could have a material adverse effect.
The opening of Item 3, Legal Proceedings.3
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARTron Inc. filings on SEC EDGAR
- 2SEC EDGARTron Inc. filings on SEC EDGAR
- 3
- 4SEC EDGARTron Inc. 10-K for fiscal 2025
- 5SEC EDGARTron Inc. 10-K for fiscal 2022
- 6SEC EDGARTron Inc. 10-K for fiscal 2023
- 7SEC EDGARTron Inc. 10-Q for fiscal 2026
- 8SEC EDGARTron Inc. 10-Q for fiscal 2026
- 9SEC EDGARTaft Bryan Flittner, President
- 10
- 11
- 12SEC EDGARWeike Sun, Board member
- 13SEC EDGARZhihong Liu, Board member
- 14SEC EDGARDouglas O. McKinnon, Board member
- 15SEC EDGARChristopher Melton, Board member
- 16SEC EDGARGary L. Herman, Board member
- 17SEC EDGARHans Haywood, Board member
- 18SEC EDGAREntered a material agreement
- 19SEC EDGARRegulation FD disclosure
- 20SEC EDGARRegulation FD disclosure
- 21SEC EDGARUnregistered sale of shares
- 22SEC EDGARExecutive or director change
- 23SEC EDGARRegulation FD disclosure
- 24SEC EDGARRegulation FD disclosure
- 25
- 26SEC EDGARShareholder vote
- 27SEC EDGARRegulation FD disclosure
- 28
- 29SEC EDGARRegulation FD disclosure
- 30NasdaqNasdaq calendar
- 31
- 32
- 33
- 34
- 35
- 36
- 37