Golden Developing Solutions, Inc.
Consumer Discretionary · Retail-Miscellaneous Retail · NV · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY22 | FY21 | FY20 | FY19 | FY18 | |
|---|---|---|---|---|---|
| Revenue | — | $0 | $0 | $0 | $0 |
| Operating income | −$646,472 | −$345,624 | −$545,470 | −$1.6M | −$1.0M |
| Net income | −$1.4M | −$630,324 | −$1.1M | −$9.0M | −$1.6M |
| Total assets | $8.7M | $10,735 | $0 | $5.6M | $9.0M |
| Total liabilities | $6.7M | $998,156 | $1.1M | $5.3M | $4.0M |
| Equity | $2.0M | −$987,421 | −$1.1M | $366,899 | $5.0M |
| EPS (diluted) | $0.00 | $0.00 | — | — | — |
| Shares out. | 732.8M | 571.5M | 541.5M | 667.2M | 544.8M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2022- Operating margin
- —
- Net margin
- —
- Return on equity
- −69.1%
- Return on assets
- −16.2%
- Return on capital (ROCE)
- −31.7%
- Liabilities / assets
- 76.6%
- Debt / equity
- 3.27×
- Book value / share
- $0.00
- Revenue growth (YoY)
- —
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2022- Altman Z″ (distress)
- -10.19distress
- Accruals / assets
- −18.3%clean
- Piotroski F-Score
- 5/7mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →
Signs
● 2 severe● 1 warning● 2 good- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- High leverage (liabilities > 70% of assets)
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Qmissed a reporting deadline ↗Aug 15, 2023
- NT 10-Qmissed a reporting deadline ↗May 15, 2023
- NT 10-Kmissed a reporting deadline ↗Mar 31, 2023
- NT 10-Kmissed a reporting deadline ↗Apr 1, 2022
- NT 10-Kmissed a reporting deadline ↗May 14, 2020
- NT 10-Qmissed a reporting deadline ↗Nov 15, 2019
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
Material events
SEC Form 8-K · most recent- Bankruptcy or receivershipNov 17, 2023
- Regulation FD disclosureJul 13, 2023
- Bankruptcy or receivership · Director / officer changeJul 5, 2023
- Completed an acquisition or dispositionNov 15, 2022
- Entered a material agreement · Unregistered equity saleOct 28, 2022
- Entered a material agreement · Completed an acquisition or dispositionOct 20, 2022
- Entered a material agreementOct 11, 2022
- Entered a material agreementOct 6, 2022
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- 8-KCURRENT REPORTNov 17, 2023
- 10-QQUARTERLY REPORTOct 17, 2023
- NT 10-QEXTENSIONAug 15, 2023
- 8-KCURRENT REPORTJul 13, 2023
- 8-KCURRENT REPORTJul 5, 2023
- 10-QFORM 10-QMay 23, 2023
- NT 10-QFORM 12B-25May 15, 2023
- 10-KANNUAL REPORTApr 17, 2023
- NT 10-KMar 31, 2023
- 8-KCURRENT REPORTNov 15, 2022
- 10-QFORM 10-QNov 14, 2022
- 8-KCURRENT REPORTOct 28, 2022
- 8-KFORM 8-KOct 20, 2022
- 8-KFORM 8-KOct 11, 2022
- 8-KFORM 8-KOct 6, 2022
Event-driven situations (1)
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