Sino United net loss narrows to $(30,236) in 1H FY26; revenue turns to $20,000
SUIC•Six-month results narrow loss
Sino United Worldwide Consolidated posted a net loss of $(30,236) for the six months ended June 30, 2026, narrowing from $(59,676) a year earlier.
Revenue was $20,000 versus no revenue a year earlier; cost of revenue totaled $10,000.
Expenses and bad debts decline
Operating expenses fell 46.67% to $27,388, while bad debts expense dropped to $0 from $15,702.
Liquidity and cash flow position
Working capital deficit widened to $(630,431) as of June 30, 2026 from $(540,227) a year earlier; cash was $2,987.
Net cash used in operating activities was $(13,479), while financing activities provided $7,905.
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