Alset

Positives: cash of 21.48 million, total liabilities about 3.99 million, and notes payable under 1.0 million at March 31, 2026. Negatives: TTM free cash flow around −3.8 million, continued operating losses, and recurring related‑party lending activity that can divert liquidity.

The company noted that prior substantial doubt was alleviated, but sustainability still depends on halting cash burn and simplifying the structure. The balance sheet buys time; it does not solve the earnings problem.