Lakeside Holding Ltd

For the period ended Mar 31, 2026. Filed May 19, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2026 · Filed May 19, 2026

QNME$0.37+9.0%Stored close · as of Nov 6, 2026

See the whole filing, with its images and exhibits

Contents

Item 1. Condensed Consolidated Balance Sheets as of March 31, 2026 (unaudited) and June 30, 2025

CONDENSED CONSOLIDATED BALANCE SHEETS

AS OF MARCH 31, 2026 (UNAUDITED) AND JUNE 30, 2025

	As of March 31, 2026 (unaudited)	As of June 30, 2025
ASSETS
CURRENT ASSETS
Cash	$1,300,306	$4,814,872
Accounts receivable – third parties, net of credit loss allowance of $171,180 and $33,039	1,853,623	1,406,920
Note receivable	-	65,152
Prepayment, deposit and other receivable	5,414,243	221,993
Inventories, net	22,024	96,534
Right of return asset	126,272	141,687
Loan receivable from a third party, net of credit loss allowance of $350,000 and nil	8,329,194	11,380
Current assets from discontinued operation	-	3,520,388
Total current assets	17,045,662	10,278,926
NON-CURRENT ASSETS
Property and equipment at cost, net of accumulated depreciation	201,883	160,602
Intangible assets, net	301,328	365,440
Right of use operating lease assets, net	197,384	271,273
Deposit	34,394	38,934
Non-current assets from discontinued operation	-	3,290,286
Total non-current assets	734,989	4,126,535
TOTAL ASSETS	$17,780,651	$14,405,461
LIABILITIES AND EQUITY
CURRENT LIABILITIES
Accounts payables	$980,149	$1,018,228
Accrued liabilities and other payables	2,000,467	1,161,864
Current portion of obligations under operating leases	78,945	108,817
Loans payable, current	184,609	262,870
Contract liabilities	3,847	15,355
Tax payable	418,328	233,078
Convertible debts - current	85,085	910,675
Refund liabilities	239,439	77,235
Current liabilities from discontinued operation	-	5,877,931
Total current liabilities	3,990,869	9,666,053
NON-CURRENT LIABILITIES
Loans payable, non-current	49,094	-
Deferred tax liabilities	4,245	83,100
Obligations under operating leases, non-current	124,480	150,823
Non-current liabilities from discontinued operation	-	1,659,800
Total non-current liabilities	177,819	1,893,723
TOTAL LIABILITIES	4,168,688	11,559,776
Commitments and Contingencies
EQUITY
Common stocks, $0.0001 par value, 200,000,000 shares authorized, 34,427,559 and 10,500,000 issued and outstanding as of March 31, 2026 and June 30, 2025, respectively	3,443	1,050
Subscription receivable	(1,427,769)	-
Additional paid-in capital	22,681,315	8,084,275
Statutory reserve	88,662	63,416
Deficits	(8,139,106)	(5,315,371)
Accumulated other comprehensive income	405,418	12,315
Total equity	13,611,963	2,845,685
TOTAL LIABILITIES AND EQUITY	$17,780,651	$14,405,461

CONDENSED CONSOLIDATED STATEMENT OF INCOME (LOSS)

AND COMPREHENSIVE INCOME (LOSS)

FOR THE THREE MONTHS AND NINE MONTHS ENDED MARCH 31, 2026 AND 2025(UNAUDITED)

	Nine Months Ended March 31,		Three Months Ended March 31,
	2026	2025	2026	2025
	(unaudited)	(unaudited)	(unaudited)	(unaudited)
Revenue	$5,108,387	$715,362	$1,327,733	$497,276
Cost of revenue	2,333,460	240,966	348,194	119,175
Gross profit	2,774,927	474,396	979,539	378,101
Operating expenses:
Selling expenses	1,804,797	158,117	711,553	103,629
General and administrative expenses	3,883,166	1,803,479	1,697,915	603,979
Provision of allowance for expected credit loss on accounts receivable	133,772	-	84,261	-
Provision of allowance for expected credit loss on loan receivable	350,000	-	62,000	-
Total operating expenses	6,171,735	1,961,596	2,555,729	707,608
Loss from operations	(3,396,808)	(1,487,200)	(1,576,190)	(329,507)
Other income (expense)
Other income, net	203,918	16,733	103,705	11,682
Interest expense	(149,355)	(40,541)	(26,733)	(40,541)
Total other income (expense)	54,563	(23,808)	76,972	(28,859)
Loss before income taxes	(3,342,245)	(1,511,008)	(1,499,218)	(358,366)
Income tax expense	110,632	18,594	29,593	18,594
Net loss from continuing operations	(3,452,877)	(1,529,602)	(1,528,811)	(376,960)
Income (loss) from discontinued operation, net of tax provision:
Loss from discontinued operation before the sale of ABL Chicago	(1,901,927)	(2,823,421)	(885,096)	(693,836)
Gain on sale of ABL Chicago	2,556,315	-	2,556,315	-
Net income (loss) from discontinued operation	654,388	(2,823,421)	1,671,219	(693,836)
NET (LOSS) INCOME	(2,798,489)	(4,353,023)	142,408	(1,070,796)
Other comprehensive income (loss):
Foreign currency translation income (loss)	393,103	(8,603)	188,125	3,583
Comprehensive income (loss) attributable to the Company	$(2,405,386)	$(4,361,626)	$330,533	$(1,067,213)
Basic and Diluted Net Income (Loss) per Common Share
Continuing operations	$(0.15)	$(0.20)	$(0.04)	$(0.05)
Discontinued operations, net of tax	$0.03	$(0.38)	$0.05	$(0.09)
Weighted Average Shares Outstanding – basic and diluted	22,826,266	7,500,000	34,427,559	7,500,000

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY

FOR THE THREE MONTHS AND NINE MONTHS ENDED MARCH 31, 2026 AND 2025

	Common Shares	Amount	Additional Paid in Capital	Statutory Reserves	Deficits	Accumulated Other Comprehensive Income (Loss)	Total
Balance at December 31, 2024 (unaudited)	7,500,000	$750	$4,942,791	$—	$(3,288,046)	$(9,214)	$1,646,281
Net loss	—	—	—	—	(1,070,796)	—	(1,070,796)
Statutory reserve	—	—	—	7,014	(7,014)	—	—
Foreign currency translation adjustment	—	—	—	—	—	3,583	3,583
Issuance of convertible note	—	—	170,720	—	—	—	170,720
Balance at March 31, 2025 (unaudited)	7,500,000	$750	$5,113,511	$7,014	$(4,365,856)	$(5,631)	$749,788

	Common Shares	Amount	Subscription Receivable	Additional Paid in Capital	Statutory Reserves	Deficits	Accumulated Other Comprehensive Income (Loss)	Total
Balance at June 30, 2024	6,000,000	$600	$(600)	$642,639	$—	$(5,819)	$2,972	$639,792
Paid in capital	—	—	600	—	—	—	—	600
Net loss	—	—	—	—	—	(4,353,023)	—	(4,353,023)
Statutory reserve	—	—	—	—	7,014	(7,014)	—	—
Initial public offering, net of share issuance costs	1,500,000	150	—	4,300,152	—	—	—	4,300,302
Foreign currency translation adjustment	—	—	—	—	—	—	(8,603)	(8,603)
Issuance of convertible note	—	—	—	170,720	—	—	—	170,720
Balance at March 31, 2025 (unaudited)	7,500,000	$750	$—	$5,113,511	$7,014	$(4,365,856)	$(5,631)	$749,788

	Common Shares	Amount	Subscription Receivable	Additional Paid in Capital	Statutory Reserves	Deficits	Accumulated Other Comprehensive Income (Loss)	Total
Balance at December 31, 2025 (unaudited)	34,427,559	$3,443	$(2,530,508)	$22,681,315	$86,099	$(8,278,951)	$217,293	$12,178,691
Net income	—		—	—	—	142,408	—	142,408
Statutory reserve	—		—	—	2,563	(2,563)	—	—
Foreign currency translation gain	—		—	—		—	188,125	188,125
Issuance of common shares - Private placement	—	—	1,102,739	—	—	—	—	1,102,739
Balance at March 31, 2026 (unaudited)	34,427,559	$3,443	$(1,427,769)	$22,681,315	$88,662	$(8,139,106)	$405,418	$13,611,963

	Common Shares	Amount	Subscription Receivable	Additional Paid in Capital	Statutory Reserves	Deficits	Accumulated Other Comprehensive Income (Loss)	Total
Balance at June 30, 2025	10,500,000	$1,050	$—	$8,084,275	$63,416	$(5,315,371)	$12,315	$2,845,685
Net loss	—	—	—	—	—	(2,798,489)	—	(2,798,489)
Statutory reserve	—	—	—	—	25,246	(25,246)	—	—
Foreign currency translation gain	—	—	—	—		—	393,103	393,103
Common stock issued for consulting services	5,300,000	530	—	4,422,170	—	—	—	4,422,700
Issuance of common shares upon exercise of Convertible note	820,330	82	—	512,651	—	—	—	512,733
Issuance of common shares - Private placement	17,807,229	1,781	(1,427,769)	9,662,219	—	—	—	8,236,231
Balance at March 31, 2026 (unaudited)	34,427,559	$3,443	$(1,427,769)	$22,681,315	$88,662	$(8,139,106)	$405,418	$13,611,963

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