Green Planet Bioengineering Co., Ltd. (GPLB) is a self-described public reorganized shell corporation with no operating business, no assets, and no revenue. Under a liquidation lens, recovery to equity is negative $500,976 as of December 31, 2025, unchanged from the MFFAIS CLV/LLV/OLV figures, and consistent with the balance sheet identity: total assets equal zero, total liabilities equal $500,976, producing a stockholders' deficit of identical magnitude. There is nothing to haircut on the asset side because no assets exist. The entire liability stack — $16,298 in accounts payable and accrued liabilities plus $484,678 due to a related party — stands at face value and is fully unsupported. The related-party advance from Global Funds Holdings Corp. (the 92% majority stockholder's affiliate) is interest-free, unsecured, and repayable on demand, meaning it is a current obligation at face value with no stated maturity protection. The $36,544 year-over-year increase in total liabilities ($500,976 at December 31, 2025 vs. $465,134 at December 31, 2024) reflects $25,044 of additional related-party advances drawn to fund public-company compliance costs plus a $10,798 net increase in accounts payable. The accumulated deficit widened from $1,094,754 to $1,130,596, driven entirely by the $35,842 annual net loss (administrative and compliance expenses; no revenue, no COGS, no interest). The deferred tax asset of $276,494 is fully offset by a valuation allowance and carries zero liquidation value. The company's sole auditor changed for fiscal 2025 (from Assurance Dimensions to Stephano Slack LLC). The filing explicitly acknowledges substantial doubt about going concern and discloses that continuity is entirely dependent on voluntary, unsecured, on-demand support from the related party. Under any liquidation scenario, equity recovery is zero; creditors with the $500,976 in face-value claims would be paid only to the extent the related party forgives or converts its $484,678 demand obligation, which is structurally at their discretion. No PP&E, no inventory, no intangibles, no receivables, no leases, no pension obligations are present.
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