Gold Rock Holdings, Inc.
0.0100+0.00 (+0%)
Oct 29, 4:00:00 PM EDT · OTC Markets OTCPK · GRHI · USD
Key Stats
Market Cap
2.38MP/E (TTM)
-Basic EPS (TTM)
0.00Dividend Yield
0%Recent Filings
10-Q
Q2 FY2025 results
Gold Rock Holdings swung to a $15,385 net profit in Q2 FY2025 ended June 30, 2025, from a $93,000 loss a year earlier, fueled by sales jumping to $70,800 y/y (derived) on AI services via its K-Project division. Yet YTD through six months, a $63,800 net loss emerged, narrower than the prior year's $258,600, as revenue climbed to $138,300 y/y (derived) while expenses dropped 24% to $202,100, mainly from lower consulting and admin costs. Gross margins held at 100% with no cost of sales. Cash ticked up slightly to $210,044, supported by $430 in operating cash flow, though free cash flow isn't disclosed in the 10-Q; no debt burdens the balance sheet. The firm relies on deferred officer pay, with CEO pledging funds as needed. Concentration risk looms large, with two customers driving all Q2 sales.
10-Q
Q1 FY2025 results
Gold Rock Holdings notched its first revenue of $67,500 in Q1 FY2025 ended March 31, 2025, up from zero a year earlier, driven by AI services through its K-Project division and Web3 platform via subsidiary Loot8, yielding 100% gross margins. Yet operating expenses dipped 11.5% year-over-year to $146,655 (derived), trimming the net loss to $79,155 from $165,596, with diluted EPS steady at $(0.00) across 238 million shares. Cash drained $4,305 in operations, leaving $205,309 on hand amid $153,250 liabilities, mostly accrued compensation—no debt or capex disclosed. Loot8's beta Web3 CMS shows early promise in SocialFi monetization. Internal controls faltered on segregation duties, risking errors. Competition in blockchain and AI niches could squeeze nascent growth.
10-K
FY2024 results
Gold Rock Holdings swung to $138,000 in revenue for FY2024 ended December 31, 2024, up from zero the prior year, driven entirely by its new K-Project AI division's coding and language tools with one customer; yet operating expenses climbed 63% to $379,194 on higher board fees, advertising, and consulting, yielding a net loss of $240,694 versus $232,311 before. No quarterly breakdowns disclosed, but the full-year revenue kickstarted post-October 2023 control change and June 2024 AI launch, signaling early momentum in Web3 and AI assets while LOOT8 remains pre-revenue. Cash drained $216,194 in operations, offset by $425,700 in financing, leaving $209,614 on hand and $175,214 working capital; CEO Daley pledged oral funding support. No guidance issued. Substantial doubt lingers on going concern amid funding needs. Internal controls falter.
8-K
Denkinger named COO
Gold Rock Holdings appointed Anthony Denkinger as Chief Operating Officer on February 6, 2025, for a two-year term or until resignation or removal. Currently CEO of subsidiary LOOT8, which focuses on AI and blockchain solutions, Denkinger brings a U.S. Air Force Captain background, a B.S. from the Air Force Academy, and an MBA from the University of Illinois. This internal promotion bolsters operational leadership. He unites teams effectively.
10-Q
Q3 FY2024 results
Gold Rock Holdings swung to a $20,405 profit in Q3 2024 ended September 30, fueled by $66,000 in revenue from its K-Project AI services—up from zero a year earlier—while gross margins hit 100% with no cost of sales. Yet nine-month results showed a $238,190 net loss on $72,500 total sales, as operating expenses climbed 43% year-over-year to $310,690, driven by higher board compensation and general costs. Cash swelled to $215,303 after raising $425,000 via stock sales, yielding positive working capital of $177,718 but burning $210,505 in operations. No debt burdens the balance sheet. Loot8's Web3 platform remains in beta with no revenue yet. Internal controls falter on segregation duties.
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