This is a routine administrative filing with no new information. The company's viability depends entirely on its ability to raise capital or find a reverse merger partner. Monitor for any subsequent 8-Ks regarding financing or a new business combination. The stock is essentially a shell with no operating value.
Price Chart
Executive Summary
Legend Spices filed Amendment No. 1 to its 2025 Form 10-K solely to include a re-dated auditor's report and auditor consent. No financial or operational changes were made. The company remains a shell with zero cash, a $17,525 working capital deficit, and an accumulated deficit of $128,012. The independent auditor's going-concern qualification persists, and all seasoning operations have been suspended since February 2025.
Key Facts
- Amendment is purely administrative — no changes to financial statements or business disclosures.
- Revenue declined 90.7% YoY from $6,924 to $644.
- Net loss improved to -$18,787 from -$31,073, but the company has zero cash and a $17,525 working capital deficit.
- Accumulated deficit since inception is $128,012.
- Auditor GreenGrowth CPAs issued a going-concern opinion; no auditor change.
- Company is a shell with no operations, no employees, and no identified new business.
- Management estimates $100,000 funding needed over the next 12 months but has no committed financing.
Financial Impact
No material financial impact from the amendment itself. The underlying financial condition shows zero cash, $644 revenue, and $17,525 in current liabilities.
Risk Factors
- Going-concern risk is severe — zero cash and no revenue stream.
- No committed financing or identified acquisition target.
- Penny stock and OTC listing constraints limit liquidity and investor access.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 10-K/A Filing (Primary) | 0001683168-26-006387 |
| Document: legend_ex1901.htm | 0001683168-26-006387 |
| Document: legend_ex3101.htm | 0001683168-26-006387 |
| Document: legend_ex3201.htm | 0001683168-26-006387 |
| Document: 0001683168-26-006387-index-headers.html | 0001683168-26-006387 |
| Document: 0001683168-26-006387-index.html | 0001683168-26-006387 |
| Document: 0001683168-26-006387.txt | 0001683168-26-006387 |
US Market Status
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