Sparx Holdings Group, Inc. filed a Form 1-SA reporting semiannual results for the six months ended December 31, 2025. The company remains in development of a licensed Sparx™ Smart Sprinkler System and recorded no revenues. Cash totaled $46,461 and total assets were $46,461; total liabilities were $633, producing stockholders' equity of $45,828.
The business operates under an exclusive U.S. patent license from Sparx Technologies, LLC, controlled by CEO Cassandra DeNunzio. The license involved a nonrefundable initial fee of 100,000,000 common shares and a 50% royalty on net sales. The licensed technology is at prototype stage and the company disclosed a substantial dependence on continuation of the license and on obtaining additional financing. Management warned of substantial doubt about the company’s ability to continue as a going concern and acknowledged a material weakness in internal control over financial reporting.