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GOING CONCERN UNCERTAINTY
6 Months Ended
Jun. 30, 2026
GOING CONCERN UNCERTAINTY  
GOING CONCERN UNCERTAINTY

Note 4 – GOING CONCERN UNCERTAINTY

 

For the three and six months ended June 30, 2026, the Company incurred net losses of $735,998 and $1,292,840, respectively. These losses, together with the Company’s working capital position, debt obligations, and expected capital requirements, create substantial doubt about the Company’s ability to continue as a going concern. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

 

The restated consolidated financial statements include the financial position and results of operations of RI Property Holdings, Inc., Memorial Real Estate Group LLC, Sustainable Properties, LLC, and their applicable subsidiaries and acquired entities from the dates on which the Company obtained control. Although the consolidation of these entities materially increased the Company’s reported assets, it also materially increased reported liabilities, current obligations, operating expenses, and capital requirements. Accordingly, the inclusion of these entities does not eliminate the substantial doubt regarding the Company’s ability to continue as a going concern.

 

The Company’s ability to continue as a going concern is dependent on its ability to generate operating cash flow, obtain debt or equity financing, manage operating expenses, and execute its acquisition and redevelopment strategy. Management’s plans include seeking additional debt or equity financing, pursuing strategic transactions, evaluating asset-level financing or monetization opportunities, and managing operating expenses. There can be no assurance that the Company will be successful in these efforts.