GenFlat Holdings, Inc. filed a Form 10-Q with the SEC on November 9, 2026, covering the three months ended September 30, 2026, reporting zero revenue and a net loss of $1,816,855 for the quarter.

Key Highlights

  • No revenue recorded: The company reported $0 in revenue for the three months ended September 30, 2026, compared to $6,120 in the same period of the prior year.
  • Net loss of $1,816,855: The consolidated net loss for the quarter widened sharply from $503,593 in the three months ended September 30, 2025.
  • Loss per share of $(0.14): Basic and diluted loss per share attributable to GenFlat Holdings, Inc. was $(0.14), versus $(0.05) in the prior-year period.
  • Cash declined to $839,178: Cash at the end of the period fell from $2,463,716 at June 30, 2026, a decrease of $1,624,538 during the quarter.
  • Stock-based compensation of $1,006,587: The company recognized $1,006,587 in stock-based compensation expense during the quarter, compared to $199,698 in the prior-year period.
  • 13,105,234 shares outstanding: Common shares issued and outstanding remained unchanged at 13,105,234 as of November 9, 2026.
  • Total assets of $3,840,702: Total assets decreased from $4,728,172 at June 30, 2026, with rental inventory, net, reported at $1,338,577.

GenFlat's Collapsible Container Business and Q1 FY2027 Financial Results

According to the filing, GenFlat Holdings, Inc. (OTC:GFLT) is "an early-stage company that operates as a container sales and leasing company and supplies GenFlat's patented sustainable collapsible marine container" primarily to shipping line customers under short and long-term lease structures. The filing states that the GenFlat Container can collapse when emptied and stack in bundles of four, occupying the same space as one conventional high-cube marine container, which the company discloses can save "up to 75%" on freight costs, terminal handling fees, and carbon emissions from ocean vessels, trucks, and trains.

For the three months ended September 30, 2026, the company reported zero revenue and a gross loss of $36,812, driven by $36,812 in cost of revenue. Total operating expenses reached $1,792,239, including $1,758,798 in general and administrative expenses and $33,441 in research and development costs. The net loss attributable to GenFlat Holdings, Inc. was $1,807,481. Net cash used in operating activities was $1,524,538, with prepaid expenses increasing by $783,428 during the quarter as a significant use of cash. The company also repaid $100,000 in notes payable during the period.

The consolidated balance sheet as of September 30, 2026, showed total liabilities of $168,103 and total stockholders' equity of $3,672,599, compared to $4,482,867 at June 30, 2026. The accumulated deficit grew to $12,900,991 from $11,093,510 at the prior fiscal quarter-end. The company is classified as a non-accelerated filer, smaller reporting company, and emerging growth company, and indicated it is not a shell company.

What Was Disclosed

GenFlat Holdings, Inc. disclosed its unaudited consolidated financial statements for the quarter ended September 30, 2026, showing zero revenue, a net loss of $1,816,855, cash of $839,178, and total assets of $3,840,702, with 13,105,234 common shares outstanding as of November 9, 2026.