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OneSolution Technology Inc.

CIK: 7744152 Annual ReportsLatest: 2025-07-15

10-K / July 15, 2025

Revenue:$76,921
Income:$1,948,092

10-K / July 16, 2024

Revenue:$70,296
Income:-$1,507,469

10-K / July 15, 2025

Company Overview - Summary of Operations and Business

Business Focus and Operations:

  • Primary Business: Arts and collectibles trading, leveraging blockchain and NFT (Non-Fungible Token) technologies.
  • Key Service: Creation and management of Digital Ownership Tokens (DOTs)—digital titles of ownership linked to physical art or collectibles stored in warehouses.
  • Technology Use: Blockchain and NFT platforms (initially on Binance Smart Chain and Polygon Chain) to provide provenance, authenticity, valuation, and ownership records.
  • Services Offered:
    • Authentication, valuation, and certification (AVC)
    • Sale and purchase of collectibles
    • Hire purchase and financing options for buyers
    • Custody and security services
    • Exhibition organization of artworks and collections
  • Sales Channels: Primarily through third-party auction houses (notably in Hong Kong and France), supplemented by an online platform with planned Peer-to-Peer (P2P) capabilities.
  • Product Sourcing: Mainly from China and Hong Kong, with plans to expand source regions worldwide.
  • Customer Base:
    • Currently has one major customer: Marvel Digital Group Limited.
    • Revenue from this customer in 2025: $76,921.
    • Revenue from this customer in 2024: $70,296.
    • No long-term customer contracts are currently in place; business relies on sporadic or short-term arrangements.

Business Structure:

  • Legal Status:
    • Delaware holding company
    • Wholly owned subsidiaries:
      • In Hong Kong: Heavenly Grace Limited
      • In British Virgin Islands: OneSolution Holdings Limited, OneSolution Management Limited
  • Legal and Regulatory Context:
    • Does not require PRC (China) approval to operate or issue securities to foreign investors.
    • Operates in a legal environment impacted by evolving regulations in Hong Kong, China, and U.S.
    • Entrepreneurs face risks related to potential Chinese government interventions, cross-border regulations, and cybersecurity laws.

Company History and Recent Changes:

  • Incorporation: Delaware, 1995. Several name and structure changes, latest in December 2023: renamed to OneSolution Technology Inc..
  • Business Transition:
    • Originally involved in power supply and IoT product development.
    • Disposed of power business assets in September 2024, resulting in a net gain of ~$2.5 million.
    • Acquired Heavenly Grace Limited in November 2024, transitioning into arts and collectibles.

Financial Highlights (2025 vs. 2024):

  • Revenue:
    • 2025: $76,921
    • 2024: $70,296
  • Net Income:
    • 2025: $1,948,092
    • 2024: Net loss of $1,507,469
  • Current Assets:
    • 2025: $2,417
    • 2024: $119,866
  • Current Liabilities:
    • 2025: $956,950
    • 2024: $3,165,453
  • Net Income for 2025: Driven mainly by gains on disposal of subsidiaries
  • Operating Expenses (2025):
    • R&D: $134,000
    • Sales & Marketing: $135,517
    • G&A: $333,989
  • Operational Focus: Transitioning into arts & collectibles market with a fintech element via blockchain-based DOTs.

Employees:

  • Total full-time employees and consultants: 3
    • Located in Hong Kong and China
    • Roles include executive, operations, R&D, administration
  • No significant labor disputes or employee-related issues.

Market Status:

  • Stock Listing: OTC Pink, symbol “KRFG”
  • Share Count (as of July 8, 2025): 6,650,786,818 shares of common stock.
  • Shareholders: Approx. 1,006 shareholders (not including nominee or street name holdings).
  • Market Price: As of June 30, 2025, last closing price $0.0001.

Revenue & Business Development:

  • Focused on high-value art and collectibles, with an emphasis on blockchain integration for transparency and provenance.
  • Utilizing third-party auction houses for sales; developing an online P2P trading platform.
  • Plans to expand geographical sourcing and product offerings as capital and market conditions permit.

Key Risks:

  • Dependency on limited customers
  • Regulatory challenges in Hong Kong, China, and US
  • Risks related to blockchain and NFT technology adoption
  • Uncertain future revenues and profitability, with continued reliance on external financing

This summary provides a detailed picture of what the company does, its revenue, customer base, operational structure, and recent financials, based solely on the information given.