Legend Spices Inc. is a Nevada shell company that ceased its Armenian seasoning operations in February 2025, has generated minimal revenue and a cumulative net loss, and is evaluating new business opportunities and potential acquisitions.

# Legend Spices Inc.

## Company overview
- Nevada corporation formed May 10, 2021. Fiscal year end: December 31.
- Previously produced and sold seasonings and spices, with operations in Armenia.
- Seasoning production and marketing were ceased in February 2025.
- Currently a shell company evaluating new business opportunities and potential acquisition targets; no operating business has been identified.

## Current operations and customers
- The company suspended its historical seasoning operations in February 2025.
- The annual report contains statements that the company generated minimal revenues for the year ended December 31, 2025, and elsewhere states no revenue has been generated from operating businesses since the discontinuation of the seasoning segment.

## Employees
- Historically operated with one full-time employee.
- The sole employee resigned effective January 31, 2025.
- There are no personnel managing daily business operations as of the filing.

## Revenue and income
- No operating revenue has been generated since the discontinuation of the Armenian seasoning operations.
- Cumulative net loss of $128,012 reported for the period May 10, 2021 (inception) through December 31, 2025.
- The company is a shell with minimal or no revenue to date and will need additional financing or a new operating business to pursue profitability.

## Management and control
- On March 29, 2025, Mr. Khachatur Mkrtchyan transferred his equity interests to Ms. Qihui Wang and other investors.
- Mr. Mkrtchyan resigned from the positions of Chairman, President, CEO, and other principal officer roles on March 29, 2025.
- Ms. Qihui Wang was appointed to those roles effective March 29, 2025.
- Senior management has limited public-company experience. No key-person life insurance or employment agreement was in place with Mr. Mkrtchyan.

## Location and property
- The company does not own real property.
- Office space is provided by the sole director/officer at his residence and is used for planning, product mixing, packaging, and shipping.
- The director does not charge the company for use of this space.

## Legal and regulatory status
- All assets and the sole director/officer are located outside the United States.
- There is no permanent U.S. office location.
- If the company becomes a fully reporting public company, it may incur increased compliance costs, including Sarbanes-Oxley-related requirements.
- The company may pursue an OTCQB listing, but there is no assurance that listing criteria will be met or that a market will develop.

## Capitalization
- Authorized: up to 500,000,000 shares of common stock.
- Outstanding: 6,850,000 shares as of the filing date.
- New issuances could cause immediate dilution to existing shareholders.

## Corporate status
- The cessation of Armenian operations does not affect the company’s Nevada corporate status.
- The company intends to continue its existence under Nevada law and pursue new opportunities, including potential acquisitions.

## Internal controls
- The report identifies ongoing concerns with internal controls and disclosure controls.
- One material weakness was identified: lack of segregation of duties in accounting functions.
- The company expects to incur additional costs and management time to address these control issues.

## Market and trading status
- There is no active trading market for the company’s shares.
- The company intends to seek quotation on the OTCQB, but success is not guaranteed.

Legend Spices Inc. is a small, early-stage manufacturer specializing in Caucasian-inspired seasonings, primarily operating within Armenia with plans to expand into North America and Europe.

# Company Summary: Legend Spices Inc.

## Business Overview
- **Main Activity:** Production and marketing of seasonings to enhance the flavor of food, focusing primarily on cuisines of the Caucasus region (Georgia, Azerbaijan, Armenia).
- **Product Family:** Legend Spices, made from spices, herbs, and salt sourced from Armenia.
- **Specialties:** Unique seasonings, dried herbs and greens, black and red pepper.
- **Market Focus:** Currently only operating within Armenia, aiming to expand into North America and Europe.
- **Cuisine Focus:** Caucasian cuisine, characterized by grilled skewered meats and fresh vegetables, with a cultural and natural diversity influences from the Caucasus region.

## Product Details
- **Seasonings Offered:** 7 varieties, including Heavenly Meat Spice ("ST"), Sensational Taste ("HA"), Miracle Fish Spice ("AN"), Holy Chicken Seasoning ("YA"), and others for pilaf, potatoes, and Korean carrots.
- **Herbs and Greens:** 14 varieties including thyme, chamomile, mint, parsley, coriander, rosemary, basil, tarragon, dill, mixed greens, oregano, bay leaf, ground thyme, and ground mint.
- **Ingredients Sourcing:** Primarily sourced from Armenia, including high-quality herbs, spices, and mountain salt extracted manually.

## Business Operations
- **Production:** Small-scale mixing and packaging done on the director’s property in a sterile environment using uniforms, PPE, and locally purchased packaging and labeling equipment.
- **Distribution:** Delivered weekly via personal vehicle, with current market only in Armenia.
- **Current Revenue:** Approximately US$6,924 for the year ended December 31, 2024.
- **Cost of Sales:** US$4,970, resulting in a gross profit of US$1,954.
- **Expenses:** US$33,027 mainly on legal, accounting, and administrative costs, with some legal fees related to business registration.
- **Net Income/Loss:** Loss of US$31,073 for 2024, and a prior net loss of US$62,820 for 2023.

## Financial Summary (2024)
- **Employees:** As of the report date, only one employee (Suzanna Mkrtchyan).
- **Customers:** Heavy customer concentration; one customer ("Customer A") accounts for approximately 85% of revenue and 74% of accounts receivable.
- **Revenue:** $6,924 in 2024.
- **Net Loss:** $31,073 in 2024.
- **Cash on Hand:** $789 as of December 31, 2024.
- **Liabilities:** Total current liabilities of $71,985, mainly due to accounts payable and a related-party loan of $69,717.

## Corporate Details
- **Incorporation Date:** May 10, 2021, under Nevada law.
- **Location:** Business offices are in Armenia (Yerevan); property is provided by the sole director at no charge.
- **Employees:** 1 principal employee.
- **Ownership:** 6,850,000 shares issued and outstanding as of April 2025, with major shareholders being Peng Wu (51.09%) and Guiying Chang (21.90%).
- **Management Change:** Significant change in control in March 2025—Khachatur Mkrtchyan transferred his interests and resigned from all executive roles, succeeded by Ms. Qihui Wang who took over as CEO and officer.

## Future Outlook & Risks
- Plans to seek additional capital (~$100,000) to fund operations and expansion.
- Aims to develop new products with additional ethnic seasonings.
- Seeking distributors in Europe and North America to expand beyond Armenia.
- Faces risks including minimal operating history, reliance on one major customer, geopolitical instability in Armenia, and potential difficulty in future financing.

## Summary
Legend Spices Inc. is a small, early-stage manufacturer of Caucasian-inspired seasonings with minimal current revenues, significant net losses, and high customer concentration. It operates with limited staffing, primarily sourcing ingredients from Armenia, and has plans to expand into international markets while addressing geopolitical and financial risks.

Legend Spices Inc. is a Nevada-based manufacturer that specializes in seasonings and spices inspired by traditional Caucasian cuisine, targeting markets in North America and Europe.

# Legend Spices Inc.

## Business Description
Legend Spices Inc., incorporated in Nevada on May 10, 2021, manufactures and markets seasonings and spices. The company focuses on the flavors of traditional Caucasian cuisine from Armenia, Georgia, and Azerbaijan, with a mission to introduce those flavors to North American and European markets.

## Product Offerings
The company creates seasonings from spices, herbs, and mountain salt sourced locally in Armenia. Its portfolio includes seven seasoning blends and fourteen types of dried herbs and greens. Notable products:

- **Heavenly Meat Spice** – wild savory, oregano, red and black pepper, and mountain salt  
- **Magic Salad** – wild coriander, sumac, black pepper, hibiscus, and mountain salt  
- **Miracle Fish Spice** – wild dill, coriander, white pepper, and garlic

Ingredients are procured from local suppliers in Armenia. Mixing, packaging, and shipping are performed in a designated sterile facility owned by the sole director.

## Market
Legend Spices currently operates primarily in Armenia and plans to expand into Europe and North America. Target customers include Caucasian expatriates and consumers unfamiliar with the cuisine. The company aims to establish itself in the meal makers segment of the spices and seasonings market.

## Customers
As of the latest reports, the company has 34 recorded holders of its common stock.

## Employees
The company has no employees other than its sole director, Khachatur Mkrtchyan. Mr. Mkrtchyan handles all management and office administration.

## Financial Performance
The company has generated modest revenue since inception.

- 2022 Revenue: $4,599  
- 2023 Revenue: $5,794

Cost of Sales:
- 2022 Cost of Sales: $4,567  
- 2023 Cost of Sales: $5,126

Net loss:
- 2022 Net Loss: $(9,908)  
- 2023 Net Loss: $(62,820)

### Summary of Finances
- Total Revenue (2023): $5,794  
- Total Expenses (2023): $63,488  
- Net Loss (2023): $(62,975)  
- Accumulated Deficit (as of December 31, 2023): $(78,152)

The company requires external financing or increased revenue to sustain operations under the current cost and expense levels.

## Conclusion
Legend Spices is in an early stage, targeting a niche market for Caucasian spices. Its emphasis on local ingredients and traditional recipes positions it to serve a specialized customer base, but major challenges remain in growing revenue and expanding into international markets.

LEGEND SPICES, INC.

10-K / August 12, 2026

10-K / May 5, 2025

10-K / April 19, 2024

10-K / August 12, 2026

Legend Spices Inc.

Company overview

Current operations and customers

Employees

Revenue and income

Management and control

Location and property

Legal and regulatory status

Capitalization

Corporate status

Internal controls

Market and trading status