Company: ACBM
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001640334-25-001999
Chunk: 7

Company: ACRO BIOMEDICAL CO., LTD.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 1
Chunk 7
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 able to raise funds for capital expenditures, working capital and other cash requirements and will have to rely on advances from a minority stockholder and an officer. If the Company cannot generate revenue from its products, it may not be able to continue in its business.

NOTE 4 - RELATED PARTY TRANSACTIONS AND BALANCES During the nine months ended September 30, 2025 and 2024, a minority stockholder who is not a 5% stockholder advance $2,250 and $1,000 and paid expenses of $172,522 and $25,502 on behalf of the Company, respectively. During the three months ended September 30, 2025 and 2024, such minority stockholder advance $2,250 and $0 and paid expenses of $56,457 and $6,110 on behalf of the Company, respectively. At September 30, 2025 and December 31, 2024, the Company owed $299,260 and $124,488 to the minority stockholder referred to in the preceding paragraph for non-interest-bearing advances made to or expenses paid on behalf of the Company, and these amounts are due on demand.

 9Table of Contents

At September 30, 2025 and December 31, 2024, the Company owed $1,100 to its former chief executive officer who resigned in August 2025 for non-interest-bearing advances made to or paid expenses on behalf of the Company which amounts are due on demand. The Company has imputed interest at the rate of 4% on the advances made to or paid expenses on behalf of the Company in the amount of $6,025 and $3,134 during the nine months ended September 30, 2025 and 2024, respectively, and in the amount of $2,710 and $1,123 during the three months ended September 30, 2025 and 2024, respectively.

NOTE 5 - LEASES On November 1, 2023, the Company entered into a lease agreement to rent a storage facility in Hong Kong for a two-year term at an annual rental of HK$17,900 (approximately $2,315) per month and HK$35,800 (approximately $4,600) as a security deposit.  These payments were paid by a minority stockholder on behalf of the Company (see Note 4).  The