ATPCHIGH SIGNALRISK10-K

ATPC experienced a severe cash depletion with cash and deposits falling from $2.0M to approximately $140K while operating losses deepened and liabilities substantially increased.

The company's cash position deteriorated dramatically, dropping over 90% year-over-year, which raises immediate liquidity concerns for ongoing operations. Despite modest revenue growth, the company continues burning cash with widening operating losses, while total liabilities increased by 65% to $2.2M, creating a precarious financial position that may threaten business continuity.

Comparing 2026-04-13 vs 2025-03-31View on EDGAR →
FINANCIAL ANALYSIS

ATPC shows mixed operational signals with revenue growing modestly to $1.5M and gross profit expanding to $838K, but these improvements were overshadowed by deteriorating cash management. The company's cash and deposit balances collapsed by over 90% to just $140K while current liabilities nearly doubled to $2.1M, creating a severe liquidity squeeze. Operating losses deepened to $3.3M despite the revenue growth, indicating fundamental profitability challenges that, combined with the cash depletion, signal significant financial distress.

FINANCIAL STATEMENT CHANGES
Total Deposits
Balance Sheet
-93.3%
$2.0M→$136K

Deposits declined 93.3% — significant outflows warrant immediate investigation into funding stability.

Cash & Equivalents
Balance Sheet
-93.1%
$2.0M→$140K

Cash declined 93.1% — significant cash burn or deployment; verify adequacy of remaining liquidity runway.

Current Liabilities
Balance Sheet
+83.4%
$1.1M→$2.1M

Current liabilities surged 83.4% — significant near-term obligations; verify ability to meet short-term debt.

Accounts Receivable
Balance Sheet
-77%
$54K→$12K

Receivables declined — improved collection efficiency or conservative revenue recognition.

Total Liabilities
Balance Sheet
+65.2%
$1.3M→$2.2M

Liabilities grew 65.2% — significant increase in debt or obligations, assess impact on financial flexibility.

Inventory
Balance Sheet
-40.9%
$46K→$27K

Inventory drawn down 40.9% — strong sell-through or deliberate destocking; watch for supply constraints.

Operating Income
P&L
-26.6%
-$2.6M→-$3.3M

Operating profitability softening — costs rising faster than revenue, watch for margin recovery plan.

Revenue
P&L
+15.2%
$1.3M→$1.5M

Revenue growing 15.2% — solid top-line momentum, watch margins for quality of growth.

Operating Cash Flow
Cash Flow
+11.5%
-$2.7M→-$2.4M

Operating cash flow grew 11.5% — strong conversion of earnings to cash, healthy business fundamentals.

Gross Profit
P&L
+10.4%
$759K→$838K

Gross profit expanding — improving pricing power or product mix shift toward higher-margin offerings.

LANGUAGE CHANGES
NEW — 2026-04-13
PRIOR — 2025-03-31
ADDED
The aggregate market value of the Company s common stock held by affiliates and non-affiliates computed by reference to the closing bid price of the Company s common stock, as of the last business day of the registrant s most recently completed financial year ended December 31, 2025: $ 5,352,889 .
Class Outstanding at March 17, 2026 Common Stock, $ 0.0001 par value 1,000,626 AGAPE ATP CORPORATION FORM 10-K For the Fiscal Year Ended December 31, 2025 Index Page # PART I Item 1.
( ASL ), a company incorporated in Malaysia on August 8, 2003.
AATP LB is an investment holding company with 100% equity interest in Agape ATP International Holding Limited ( AATP HK ), a company incorporated in Hong Kong.
How Kok Choong, CEO and director of the Company to acquire 9,590,596 ordinary shares, no par value, equivalent to approximately 99.99% of the equity interest in ASL, a network marketing entity incorporated in Malaysia.
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REMOVED
The aggregate market value of the Company s common stock held by non-affiliates computed by reference to the closing bid price of the Company s common stock, as of the last business day of the registrant s most recently completed first fiscal quarter: $ 4,707,086 .
Class Outstanding at March 28, 2025 Common Stock, $ 0.0001 par value 50,005,381 AGAPE ATP CORPORATION FORM 10-K For the Fiscal Year Ended December 31, 2024 Index Page # PART I Item 1.
AATP LB, incorporated in Labuan, Malaysia, is an investment holding company with 100% equity interest in Agape ATP International Holding Limited ( AATP HK ), a company incorporated in Hong Kong.
How Kok Choong, CEO and director of the Company to acquire 9,590,596 ordinary shares, no par value, equivalent to approximately 99.99% of the equity interest in Agape Superior Living Sdn.
ASL is a limited company incorporated on August 8, 2003, under the laws of Malaysia.
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