11 Jan 2022auditor change▼ Bad
Fuse Group dismissed auditor Prager Metis; its prior reports had again flagged going-concern doubt and the same internal-control material weaknesses persisted.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
29 Dec 2021late filing notice▼ Bad
FUSE GROUP HOLDING INC. notified the SEC that its annual report would be filed late.
1 Oct 2021material agreement termination▼ BadMajor
The E-Mo Biotech acquisition collapsed - the parties terminated the deal without it ever closing. In the same filing, Fuse Group disclosed it would restate its March and June 2021 quarterly financials after its auditor found an accounting error in how it had booked the shares issued as a deposit for the (unrelated) Mexican mining acquisition.
16 Aug 2021quarterly activities report● Neutral
FUSE GROUP HOLDING INC. reported quarterly revenue of $150 thousand and net income of $20 thousand for the period ended 2021-06-30.
11 May 2021quarterly activities report● Neutral
FUSE GROUP HOLDING INC. reported quarterly revenue of $250 thousand and net income of $46 thousand for the period ended 2021-03-31.
22 Mar 2021securities registration● Neutral
FUSE GROUP HOLDING INC. filed notice of an exempt private placement.
17 Mar 2021capital raising announcement● NeutralMajor
Weeks after its Mexican mining deal, Fuse Group announced a second, much larger acquisition in a completely different field: 100,000,000 new shares to buy E-Mo Biotech Holding, a biology R&D company - a deal so large it would hand control of Fuse Group to E-Mo's largest owner (about 32% of the combined company), surpassing longtime majority shareholder Landbond.
16 Feb 2021capital raising announcement▲ GoodMajor
Fuse Group agreed to acquire Portafolio en Investigacion Ambiental, a Mexican company owning five mines, for 14,285,715 new shares - its first real move into operating mining assets after years as a shell/software company.
8 Feb 2021quarterly activities report▼ Bad
FUSE GROUP HOLDING INC. reported quarterly revenue of $100 thousand and a net loss of $80 thousand for the period ended 2020-12-31.
10 Aug 2020quarterly activities report● Neutral
FUSE GROUP HOLDING INC. reported quarterly revenue of $200 thousand and net income of $52 thousand for the period ended 2020-06-30.
22 May 2020quarterly activities report▼ Bad
FUSE GROUP HOLDING INC. reported quarterly revenue of $200 thousand and a net loss of $6 thousand for the period ended 2020-03-31.
11 Feb 2020quarterly activities report▼ Bad
FUSE GROUP HOLDING INC. reported quarterly revenue of $250 thousand and a net loss of $29 thousand for the period ended 2019-12-31.
30 Dec 2019late filing notice▼ Bad
FUSE GROUP HOLDING INC. notified the SEC that its annual report would be filed late.
12 Aug 2019quarterly activities report● Neutral
FUSE GROUP HOLDING INC. reported quarterly revenue of $250 thousand and net income of $29 thousand for the period ended 2019-06-30.
19 July 2019auditor change▼ Bad
Now renamed Fuse Group Holding Inc., the company dismissed auditor MJF & Associates; MJF's prior reports had flagged going-concern doubt and the company separately disclosed material weaknesses in its internal controls (no audit committee, inadequate IT controls) - the first of a recurring pattern for this company.
14 May 2019quarterly activities report▼ Bad
FUSE GROUP HOLDING INC. reported quarterly revenue of $250 thousand and a net loss of $50 thousand for the period ended 2019-03-31.
11 Feb 2019quarterly activities report▼ Bad
FUSE GROUP HOLDING INC. reported quarterly revenue of $516 thousand and a net loss of $62 thousand for the period ended 2018-12-31.
14 Aug 2018quarterly activities report▼ Bad
FUSE GROUP HOLDING INC. reported quarterly revenue of $0 and a net loss of $2.7 million for the period ended 2018-06-30.
2 July 2018capital raising announcement● NeutralMajor
Fuse Enterprises eliminated the $6.87 million related-party promissory note owed to majority shareholder Landbond Home Limited by converting it into 19,628,050 new shares at $0.35/share - erasing the debt but further entrenching Landbond's control.
14 May 2018quarterly activities report▼ Bad
FUSE GROUP HOLDING INC. reported quarterly revenue of $0 and a net loss of $353 thousand for the period ended 2018-03-31.
9 May 2018material agreement● NeutralMajor
Fuse Enterprises signed a $3.0 million contract with Hong Kong's Prime King Investment Limited to develop 'Mineral Mining Interactive Technology' software and data systems, paid half upfront and half on completion - an unusual pivot for what had been a small shell company.
13 Feb 2018quarterly activities report▼ Bad
FUSE GROUP HOLDING INC. reported quarterly revenue of $0 and a net loss of $239 thousand for the period ended 2017-12-31.
11 Sept 2017director interest notice● Neutral
Michael J Viotto became a FUSE GROUP HOLDING INC. Chief Finanical Officer and company insider (initial ownership filing).
4 Aug 2017quarterly activities report▼ Bad
FUSE GROUP HOLDING INC. reported quarterly revenue of $0 and a net loss of $516 thousand for the period ended 2017-06-30.
11 May 2017quarterly activities report▼ Bad
FUSE GROUP HOLDING INC. reported quarterly revenue of $0 and a net loss of $518 thousand for the period ended 2017-03-31.
20 Apr 2017auditor change● Neutral
Fuse Enterprises dismissed auditor KLJ & Associates and engaged MJF & Associates, APC as its new independent auditor, with no disagreements noted.
24 Mar 2017debt financing● NeutralMajor
Fuse Enterprises (as the company was then named) restructured a related-party loan: majority shareholder Landbond Home Limited (60.9% owner, Samoa) exchanged an existing convertible note for a new $6.87 million promissory note from subsidiary Fuse Trading Limited, at 3% interest, maturing in 12-24 months.
21 Feb 2017director interest notice● Neutral
Umesh Patel became a FUSE GROUP HOLDING INC. CEO, President and company insider (initial ownership filing).
13 Feb 2017quarterly activities report▼ Bad
FUSE GROUP HOLDING INC. reported quarterly revenue of $0 and a net loss of $38 thousand for the period ended 2016-12-31.
26 Jan 2017director interest notice● Neutral
Landbond Home LTD became a FUSE GROUP HOLDING INC. 10%+ owner and company insider (initial ownership filing).