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EOS INC.

CIK: 16519582 Annual ReportsLatest: 2025-04-02

10-K / April 2, 2025

Revenue:$296,852
Income:-$631,936

10-K / August 6, 2024

Revenue:$296,852
Income:-$631,936

10-K / April 2, 2025

Company Summary: EOS Inc.

Business Overview

  • Type of Business: Distributor of consumer products, primarily focusing on nutritional supplements and related health products.
  • Core Product: Ginsenoside supplements branded as “Bodywafer”, specially manufactured by Wellhead Biological Technology Corp. in Taiwan, utilizing patented enzymatic technology to extract high-value ginsenosides for health and stamina enhancement.
  • Operations:
    • Sells products directly to channel partners across Asia including Taiwan, Hong Kong, Malaysia, Singapore, and other Southeast Asian countries.
    • Revenue sources mainly from sales in Taiwan and Hong Kong, with some sales in Southeast Asia.
  • Distribution Channels:
    • Distributors like Fortune King (HK) Trading Limited, Nine Trillion Science and Technology Media Co.
    • Small retailers and individual consumers in Southeast Asian markets.

Corporate Structure

  • Incorporated: Nevada, U.S.
  • Subsidiaries:
    • Emperor Star International Trade Co., Ltd (Taiwan) — main operating subsidiary; engaged in marketing and distribution.
    • EOS International Inc. (British Virgin Islands) — holds interest in other subsidiaries but no current operations.
    • Shanghai Maosong Co., Ltd (China) — holds an 83.33% controlling interest; no active operations, but potential and legal risk exists due to PRC laws.

Financial Data (2023)

  • Revenue: $296,852 (decreased by 55% from $652,547 in 2022)
  • Net Loss: $631,936 (improved from a net loss of $1,912,159 in 2022)
  • Employees: 9 full-time employees (as of March 27, 2024)
  • Cash and Cash Equivalents: $14,307 (as of December 31, 2023)
  • Total Current Assets: $487,319
  • Total Current Liabilities: $1,494,230
  • Working Deficit: $1,006,911 (2023)

Operational and Market Details

  • Relies heavily on third-party manufacturers, especially Wellhead in Taiwan, for product sourcing.
  • Faces competition from larger entities with greater resources.
  • Focuses on expanding into first-tier cities in China and Southeast Asian online markets.
  • No material current legal proceedings or ongoing litigation.
  • Has a small, non-independent Board of Directors, with no independent directors.

Risks & Strategic Considerations

  • Significant dependence on key suppliers and channel partners.
  • Conducts operations in jurisdictions with complex legal frameworks, especially China and Hong Kong, affecting enforceability of judgments and regulatory compliance.
  • The company’s auditors have issued a “going concern” opinion due to financial losses and negative working capital, indicating uncertainty about future viability without further capital infusion or revenue growth.

This summary provides a detailed overview based solely on the information given, without any assumptions or projections.