Longevity Diversified reports no assets, losses
LGVT remains a cashless shell company with a large accumulated deficit, going-concern warning, and 95% ownership concentrated in AEI Capital amid a recent 1-for-10 reverse split.
Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
10-K
Rhea-AI Filing Summary
Longevity Diversified Holdings, Inc. (LGVT), a Nevada-based public shell company with no operations or assets, filed its annual report describing a strategy to complete a reverse merger or similar business combination while warning of substantial doubt about its ability to continue as a going concern.
As of May 31, 2026, LGVT reported no cash or total assets, current liabilities of $134,857, and a stockholders’ deficit of $134,857, funded entirely by related-party loans. The company incurred a net loss of $82,132 for 2026 and has an accumulated deficit of $14.35 million. Control resides with AEI Capital Ltd., which beneficially owns about 95% of the common stock, largely through conversion of 10,000,000 shares of Series A‑1 preferred stock into 5,402,988,580 pre–reverse split common shares; a 1‑for‑10 reverse stock split became effective on July 1, 2026, leaving 568,735,798 shares outstanding as of September 15, 2026.
Positive
- None.
Negative
- Going concern risk: auditors highlight recurring losses, negative cash flows and a stockholders’ deficit of $134,857, raising substantial doubt about LGVT’s ability to continue as a going concern.
- No assets or cash: the balance sheet shows $0 in cash and total assets as of May 31, 2026, leaving the company entirely dependent on related-party financing.
- Continuing losses: LGVT recorded a $82,132 net loss in 2026 and an accumulated deficit of $14,348,417, with no operating revenues.
- Material internal control weaknesses: management concludes that disclosure controls and internal control over financial reporting were not effective as of May 31, 2026.
- Extreme shareholder dilution and control concentration: conversion of Series A‑1 preferred into 5.40 billion pre-split shares and a 1-for-10 reverse split leave AEI Capital holding about 95% of outstanding common stock.
