Sharing Economy SEC Filings

SHARING ECONOMY INTERNATIONAL INC. reported an initial insider ownership filing for Johnny Chen, who serves as CFO, Secretary and Treasurer and is also a director. The Form 3 does not list any share transactions or holdings details, and no purchases or sales are reported.

Sharing Economy International Inc. director Zhang Kevin Yikang filed an initial Form 3, which is a required report of insider ownership when someone becomes a company insider. This filing does not list any stock transactions or detailed holdings, and serves mainly as a compliance disclosure.

SHARING ECONOMY INTERNATIONAL INC. director and CEO Huang Ximing filed an initial Form 3 statement of beneficial ownership. The filing identifies him as CEO, President, and director and, in this summary data, shows no reported purchases, sales, exercises, gifts, or other equity transactions or holdings.

Sharing Economy International Inc. reported a major leadership reshuffle effective May 12, 2026. Four directors – Wu Shanna, Shao Yuan Guo, Cheng Wai Yin and Bautista Michael Bibat – resigned, while Wu also stepped down as Chief Executive Officer and Lam Ka Man resigned as Chief Financial Officer. The company states these departures were not due to any disagreement. At the same time, automotive and electric-vehicle veteran Ximing Huang was appointed Chairman, Chief Executive Officer and President, with Johnny Chen named Chief Financial Officer, Director, Secretary and Treasurer. New directors Hao Zeng and Keving Yikang Zhang, both with extensive EV and automotive engineering experience, also joined the board. The filing notes that none of the new appointees currently has a compensation agreement with the company or beneficially owns its securities.

Sharing Economy International Inc. reported no revenue and a net loss of $97,330 for the three months ended March 31, 2026, compared with a $5,224 loss a year earlier. Operating expenses rose sharply to $89,955, driven by higher selling, general and administrative costs.

The company ended the quarter with cash of $111,273 and working capital of $13,962,119, largely reflecting $18,046,943 due from related parties. Management states its capital resources are not adequate for the next twelve months and discloses substantial doubt about its ability to continue as a going concern.

SEII also carries several convertible promissory notes, including a defaulted Pyram note with an outstanding balance of $1,008,565 and a Light Across note with principal of $400,000. Internal controls over financial reporting remain ineffective, with material weaknesses in segregation of duties, U.S. GAAP expertise, and written accounting policies.

Sharing Economy International Inc. files its annual report as a Nevada holding company with operations conducted through Hong Kong subsidiaries and planned PRC subsidiaries. At December 31, 2025, it held cash of $263,147, total assets of $18.32 million, liabilities of $4.26 million and stockholders’ equity of $14.06 million.

The company recorded a net loss of $24,388 for 2025 and its auditors raised substantial doubt about its ability to continue as a going concern. Management estimates it needs about $2 million over the next 18–24 months to fund operations and expansion, with no committed financing in place.

The report emphasizes structural and regulatory risks from operating through Hong Kong and potential future PRC subsidiaries, including possible PRC intervention, currency controls, tax exposure under the Enterprise Income Tax Law and constraints on cash transfers and dividends. It also highlights U.S. regulatory risk under the Holding Foreign Companies Accountable Act, though the current auditor is U.S.-based and subject to PCAOB inspection. The stock has a very small public float, with non‑affiliate equity valued at $42,845 and 1,221,737,689 common shares outstanding as of March 31, 2026.

Sharing Economy International Inc. reports a small net loss with no operating revenue and ongoing financial strain for the quarter and nine months ended September 30, 2025. The company generated no revenue, while operating expenses were modest at $4,850 for the quarter and $15,042 year-to-date.

Net loss was $4,851 for the quarter and $15,048 for the nine months, both effectively $0.00 per share. Cash and cash equivalents were only $5,062, but working capital remained high at about $14.1 million, largely driven by a sizeable $18.0 million balance due from a related party.

Management highlights a going concern uncertainty, stating existing capital resources are not adequate to support operations for twelve months and that additional debt or equity financing may be needed. The company is also in default on a Pyram convertible note with an outstanding balance of $1,010,275, and carries accrued but unsettled interest of $651,530 on the Iliad note. Internal control over financial reporting is deemed not effective due to material weaknesses in segregation of duties, U.S. GAAP expertise, and written procedures.

Sharing Economy International Inc. (SEII) reported another quarter with no revenue and a small loss, while auditors highlight going concern risks. For the three months ended June 30, 2025, the company recorded a net loss of $4,973, improving from a $12,183 loss a year earlier. For the first half of 2025, the net loss was $10,197 versus $54,267 in 2024, mainly due to sharply lower selling, general and administrative expenses.

Total assets were $18.0 million, almost entirely a $18.0 million amount due from a related party, while cash was only $1,873. Current liabilities were $4.0 million, including $1.0 million outstanding under a defaulted Pyram convertible note and $1.5 million owed to a major shareholder’s company. Management states there is “substantial doubt” about the company’s ability to continue as a going concern and notes internal control over financial reporting remains ineffective with multiple material weaknesses.

Sharing Economy International Inc. reported a very small net loss of $5,224 for the three months ended March 31, 2025, with no revenues from its sharing economy business. Operating expenses fell sharply to $5,224 from $48,071 a year earlier, reflecting significantly reduced activity.

Total assets were $18,062,229, largely driven by amounts due from related parties of $18,047,582. Cash was only $3,652, while current liabilities totaled $3,982,705, including convertible notes and amounts due to a related party. The company disclosed an accumulated deficit of $55,515,982 and stated that existing capital resources are not adequate for the next twelve months, leading management to conclude there is substantial doubt about its ability to continue as a going concern.

Management also reported that internal control over financial reporting remains ineffective due to material weaknesses, including lack of segregation of duties, limited US GAAP expertise, and insufficient written policies. Certain historical convertible notes remain outstanding or in default, and operations continue to depend on funding and advances from related parties.