Meridian Holdings Inc./NV
For the period ended Dec 31, 2025. Filed Mar 31, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 31, 2026
MRDN$6.24-23.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations and Comprehensive Income
Meridian Holdings Inc. and Subsidiaries
Consolidated Statements of Operations and Comprehensive Income (Loss)
| Twelve Months Ended | ||
|---|---|---|
| December 31, | ||
| 2025 | 2024 | |
| Revenues | $182,863,373 | $151,115,532 |
| Cost of goods sold | (79,406,653) | (62,543,407) |
| Gross profit | 103,456,720 | 88,572,125 |
| Operating expenses | ||
| Selling, general and administrative expenses | 199,625,728 | 85,828,421 |
| Income (loss) from operations | (96,169,008) | 2,743,704 |
| Other income (expense): | ||
| Interest expense | (4,578,844) | (3,521,288) |
| Interest earned | 240,723 | 218,145 |
| Foreign exchange gain (loss) | 760,220 | (494,825) |
| Other income | 2,558,579 | 2,262,782 |
| Total other income (expense) | (1,019,322) | (1,535,186) |
| Net income (loss) before tax | (97,188,330) | 1,208,518 |
| Provision for income taxes | (5,206,194) | 2,618,367 |
| Net income (loss) | $(91,982,136) | $(1,409,849) |
| Less: Net income (loss) attributable to noncontrolling interest | (2,084,286) | 70,400 |
| Net income (loss) attributable to MRDN | $(89,897,850) | $(1,480,249) |
| Weighted average ordinary shares outstanding: | ||
| Basic | 11,589,076 | 9,459,308 |
| Diluted | 11,589,076 | 9,459,308 |
| Net earnings (losses) per ordinary share attributable to MRDN: | ||
| Basic | $(7.76) | $(0.16) |
| Diluted | $(7.76) | $(0.16) |
| Net income (loss) | $(91,982,136) | $(1,409,849) |
| Foreign currency translation adjustments | 4,336,369 | (4,782,276) |
| Comprehensive income (loss) | (87,645,767) | (6,192,125) |
| Less: Net income (loss) attributable to noncontrolling interest | (2,084,286) | 70,400 |
| Comprehensive income (loss) attributable to MRDN | $(85,561,481) | $(6,262,525) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.