CN Healthy Food Tech Group Corp. filed its quarterly report on Form 10-Q with the SEC on August 14, 2026, covering the period ended June 30, 2026, and disclosing key balance sheet data alongside a pending Nasdaq delisting proceeding.

Key Highlights

  • Total assets of $35,209,253 as of June 30, 2026, down from $44,728,600 as of December 31, 2025, according to the filing.
  • Cash and cash equivalents of $23,317,217 as of June 30, 2026, compared to $33,013,749 at year-end 2025.
  • Advances from customers fell sharply to $2,499,825 from $17,601,292 at December 31, 2025.
  • Nasdaq delisting determination received July 16, 2026: the company disclosed it received a determination letter from Nasdaq Listing Qualifications Staff and has requested an appeal, which stays any suspension of listed securities pending the panel's decision.
  • Trading halt remains in effect since October 1, 2025, notwithstanding any appeal, according to the filing.
  • 52,234,983 shares of common stock outstanding as of August 14, 2026.
  • Notes payable of $3,134,500 and notes payable to related parties of $454,690 were reported as of June 30, 2026.

CN Healthy Food Tech Reports Declining Assets and Nasdaq Delisting Appeal

CN Healthy Food Tech Group Corp. (NASDAQ:UCFI), incorporated in Delaware and headquartered in Zhuhai City, Guangdong Province, China, filed its unaudited condensed consolidated financial statements for the quarter ended June 30, 2026. According to the filing, total assets declined to $35,209,253 from $44,728,600 at December 31, 2025, with cash and cash equivalents falling to $23,317,217 from $33,013,749 over the same period. Inventories increased to $2,206,892 from $956,407, while prepayments and other current assets declined to $1,995,813 from $2,921,317.

On the liabilities side, the filing shows a significant reduction in advances from customers, which dropped to $2,499,825 from $17,601,292 at year-end 2025. Accounts payable rose to $1,853,808 from $69,106 over the same period. The company also reported an amount due to a director of $233,253 as of June 30, 2026, a line that showed no balance at December 31, 2025. Total current liabilities stood at $11,735,790, compared to $24,610,929 at December 31, 2025.

The filing includes a forward-looking statement disclosure noting that on July 16, 2026, the company received a determination letter from the Listing Qualifications Staff of The Nasdaq Stock Market LLC to delist its common stock and warrants. The company disclosed it has requested an appeal, which the filing states "would stay any suspension of the Listed Securities pending the Panel's decision, although the trading halt currently in effect would remain in place notwithstanding any appeal." The filing also references continued defaults under promissory notes issued in connection with the Business Combination with Iron Horse Acquisitions Corp., which consummated on September 30, 2025. These are the company's own statements and are subject to its cautionary language regarding forward-looking information.

What Was Disclosed

The company filed an unaudited quarterly report disclosing balance sheet data as of June 30, 2026, a pending Nasdaq delisting appeal, a trading halt in effect since October 1, 2025, and continued promissory note defaults tied to its September 30, 2025 business combination.