FUSE GROUP HOLDING INC.

Near-cash-out micro-cap shell with negligible operations across mining/consulting.

Strengths

• Reported 100% gross margin on minimal consulting revenue

Risks

• Only $21K cash, current ratio 0.11 (well below 0.5) and ~$8.2M accumulated deficit
• Deeply negative net/operating margins (~-600%), no audit committee and material-weakness disclosures

Notable findings

• Negative equityNegative book equity (debt/equity -0.22)
• Net lossNet loss (net margin -617.5%)
• Weak liquidityCurrent ratio 0.11 (<1)
• Material weaknessA material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the com
• Revenue declineRevenue -100.0% YoY