Antelope Enterpri

As of March 31, 2026, current assets were 30.1 million dollars vs total liabilities of 9.3 million dollars, yielding net current assets of 21.4 million dollars; cash was 1.8 million dollars.

However, quality is questionable because 20.5 million dollars is a loan receivable in China and 5.3 million dollars is a note receivable; management expects loan repayment in 2026. Net debt was modest as of September 30, 2025, but subsequent financing included a 3.0 million dollar convertible note with a price‑based conversion formula that can pressure equity.

Material weakness in cash controls was disclosed. Overall balance sheet looks solvent but fragile in liquidity and asset quality.