ASII
Accredited Solutions, Inc.0.0002
+0.0000+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
768.99KP/E (TTM)
-Basic EPS (TTM)
0.00Dividend Yield
0%Recent Filings
8-K
Deal rescission unwinds acquisition
Accredited Solutions, Inc. mutually rescinded its October 2024 agreement to acquire Globetopper, LLC for $3,000,000 in notes and preferred stock, effective June 23, 2025, after defaulting on payments despite a January extension. The unwind voids all obligations, restoring parties to pre-deal positions while releasing claims—except for ASII's indemnities. No refunds for prior amendment fees. ASII must consolidate Globetopper's finances through June 30.
10-Q
Q3 FY2024 results
Accredited Solutions swung to a $4.3M net income for Q3 ended September 30, 2024, from a $251K loss a year earlier, driven by a $4.7M gain on derivative liabilities that offset a $375K operating loss. Revenue climbed 47% y/y to $241K, with gross profit up 20% to $51K, while costs rose to 79% of sales from 74%, reflecting revamped operations and marketing pushes. YTD through September, sales dipped 17% y/y to $453K, yet net income hit $2.1M versus a $2.0M loss, as derivative gains of $2.8M outpaced a $459K operating loss. Cash ended at $12K after $245K used in operations, financed by $256K from notes and advances; total liabilities stand at $1.3M, with stockholders' deficit narrowing to $1.1M. Debt conversions into preferred and common shares diluted equity but eased pressure. Balance sheet strains persist amid liquidity crunch.
8-K
Acquires Globetopper for $3M note
Accredited Solutions agreed to acquire 100% of Globetopper, LLC, from Craig Span via a $3 million secured promissory note on October 28, 2024, payable in cash, Series B Preferred Stock, and a follow-on note within three to six months. Closing awaits standard conditions, with management confident in completion. This bolsters the company's portfolio. No financial impacts disclosed yet.
8-K
Lock-up curbs share dilution
Accredited Solutions secured amended lock-up and leak-out agreements with holders of all 1,217 Series B preferred shares and warrants, effective September 16, 2024, barring any sales until November 15, 2024, followed by controlled weekly sales capped at 10% of prior week's volume through May 15, 2025. This curbs immediate dilution from variable price conversions. The company eyes full cash redemption via upcoming Reg A offering proceeds. It bolsters capital structure for $750 million revenue goal over five years.
8-K
IOI for Globetopper acquisition
Accredited Solutions executed a non-binding Indication of Interest on September 5, 2024, to acquire 100% of Globetopper, a US-based B2B e-gift card distributor with $33.7 million in 2023 unaudited sales and a projected $42.5 million 2024 revenue run-rate, anticipating net income profitability. The deal hinges on mutual agreement and audit assurance for a formal pact. No definitive agreement is assured. This move eyes bolstering e-commerce distribution.
CELH
Celsius Holdings, Inc.
43.15-0.65
COCO
The Vita Coco Company, Inc.
52.21-1.82
GLUC
Glucose Health, Inc.
0.14+0.00
INKW
Greene Concepts, Inc.
0.00-0.00
KGKG
KONA GOLD BEVERAGE INC.
0.00+0.00
PRMB
Primo Brands Corporation
16.47-0.15
REED
Reed's, Inc.
3.43+0.03
RKDA
Arcadia Biosciences, Inc.
3.64-0.03
WTER
Alkaline Water Company Inc. (Th
0.12+0.11
ZVIA
Zevia PBC
2.58+0.08