GOLD ROCK HOLDINGS, INC. Annual Report - How They Did This Year

I’ve put together this guide to help you understand how Gold Rock Holdings, Inc. (GRHI) performed this year. My goal is to cut through the corporate jargon and help you decide if this company is a smart investment.

1. What does this company do?

Gold Rock has moved away from construction to become a technology holding company. They run two main divisions:

• K-Project: This AI division builds specialized software. This includes the "SAID" translation app and "ZONE-X," a sports-analytics tool that helps coaches make data-driven decisions during games.
• LOOT8: This is a Web3 platform for digital assets and social commerce. It uses blockchain technology to help people trade virtual goods in digital marketplaces.

2. Financial performance: A mixed bag

The company is still in the startup phase. They are currently spending more money to operate than they bring in.

• Revenue: They brought in $211,500 in 2025, a 52.7% increase over the $138,500 they made in 2024.
• The "Customer" Problem: Almost all their revenue ($210,000, or 99.3%) came from just one customer for AI coding services. Their LOOT8 platform brought in only $1,500 all year. Relying on one customer is a major red flag. If they lose this contract, their revenue could vanish.
• Profitability: They are still losing money, though the loss narrowed from $240,694 in 2024 to $180,654 in 2025. This improvement came from cutting costs like consulting and marketing fees rather than sales growth.

3. Financial health: The "Going Concern" warning

This is the most important part of the report. The company included a "going concern" warning, which means they don't have enough cash to guarantee they can stay in business.

• Cash on hand: As of December 31, 2025, they had $152,121 in cash. However, they had $154,431 in bills due within the year. They are short by $2,310.
• No safety net: They raised no new cash in 2025, down from $425,700 in 2024. Without new funding, they lack the cash to keep developing their AI and Web3 platforms.

4. Key risks

• Extreme Concentration: Because 99.3% of their revenue comes from one client, they are very vulnerable. If that client leaves, the company has no other way to cover its $180,654 annual loss.
• High Risk of Dilution: They have 850 million authorized shares and have already issued over 238 million. To pay their bills, they will likely issue more shares. This would give you a smaller piece of the company and reduce your ownership percentage.
• No Assets: The company owns no physical property. They operate out of an office owned by one of their directors. This creates a potential conflict of interest and leaves them with no assets to use as collateral for bank loans.

5. Future outlook

Management wants to sell their AI tools to the healthcare, law enforcement, and logistics industries. While their technology sounds innovative, they haven't proven they can sell these products to a wide audience. To survive, Gold Rock must move from a single-client service provider to a scalable software business—a shift that requires cash they currently do not have.

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Final Takeaway: This is a high-risk, speculative stock. The combination of a "going concern" warning, extreme reliance on a single customer, and a lack of liquid assets suggests that the company is currently struggling to maintain operations. Proceed with extreme caution.