16 December 2025
Disclaimer: This is a simplified summary of a public company filing. See full disclaimer here.
OneSolution Technology Inc.
CIK: 774415•2 Annual Reports•Latest: 2025-07-15
10-K / July 15, 2025
Revenue:$76,921
Income:$1,948,092
10-K / July 16, 2024
Revenue:$70,296
Income:-$1,507,469
10-K / July 15, 2025
Company Overview - Summary of Operations and Business
Business Focus and Operations:
- Primary Business: Arts and collectibles trading, leveraging blockchain and NFT (Non-Fungible Token) technologies.
- Key Service: Creation and management of Digital Ownership Tokens (DOTs)—digital titles of ownership linked to physical art or collectibles stored in warehouses.
- Technology Use: Blockchain and NFT platforms (initially on Binance Smart Chain and Polygon Chain) to provide provenance, authenticity, valuation, and ownership records.
- Services Offered:
- Authentication, valuation, and certification (AVC)
- Sale and purchase of collectibles
- Hire purchase and financing options for buyers
- Custody and security services
- Exhibition organization of artworks and collections
- Sales Channels: Primarily through third-party auction houses (notably in Hong Kong and France), supplemented by an online platform with planned Peer-to-Peer (P2P) capabilities.
- Product Sourcing: Mainly from China and Hong Kong, with plans to expand source regions worldwide.
- Customer Base:
- Currently has one major customer: Marvel Digital Group Limited.
- Revenue from this customer in 2025: $76,921.
- Revenue from this customer in 2024: $70,296.
- No long-term customer contracts are currently in place; business relies on sporadic or short-term arrangements.
Business Structure:
- Legal Status:
- Delaware holding company
- Wholly owned subsidiaries:
- In Hong Kong: Heavenly Grace Limited
- In British Virgin Islands: OneSolution Holdings Limited, OneSolution Management Limited
- Legal and Regulatory Context:
- Does not require PRC (China) approval to operate or issue securities to foreign investors.
- Operates in a legal environment impacted by evolving regulations in Hong Kong, China, and U.S.
- Entrepreneurs face risks related to potential Chinese government interventions, cross-border regulations, and cybersecurity laws.
Company History and Recent Changes:
- Incorporation: Delaware, 1995. Several name and structure changes, latest in December 2023: renamed to OneSolution Technology Inc..
- Business Transition:
- Originally involved in power supply and IoT product development.
- Disposed of power business assets in September 2024, resulting in a net gain of ~$2.5 million.
- Acquired Heavenly Grace Limited in November 2024, transitioning into arts and collectibles.
Financial Highlights (2025 vs. 2024):
- Revenue:
- 2025: $76,921
- 2024: $70,296
- Net Income:
- 2025: $1,948,092
- 2024: Net loss of $1,507,469
- Current Assets:
- 2025: $2,417
- 2024: $119,866
- Current Liabilities:
- 2025: $956,950
- 2024: $3,165,453
- Net Income for 2025: Driven mainly by gains on disposal of subsidiaries
- Operating Expenses (2025):
- R&D: $134,000
- Sales & Marketing: $135,517
- G&A: $333,989
- Operational Focus: Transitioning into arts & collectibles market with a fintech element via blockchain-based DOTs.
Employees:
- Total full-time employees and consultants: 3
- Located in Hong Kong and China
- Roles include executive, operations, R&D, administration
- No significant labor disputes or employee-related issues.
Market Status:
- Stock Listing: OTC Pink, symbol “KRFG”
- Share Count (as of July 8, 2025): 6,650,786,818 shares of common stock.
- Shareholders: Approx. 1,006 shareholders (not including nominee or street name holdings).
- Market Price: As of June 30, 2025, last closing price $0.0001.
Revenue & Business Development:
- Focused on high-value art and collectibles, with an emphasis on blockchain integration for transparency and provenance.
- Utilizing third-party auction houses for sales; developing an online P2P trading platform.
- Plans to expand geographical sourcing and product offerings as capital and market conditions permit.
Key Risks:
- Dependency on limited customers
- Regulatory challenges in Hong Kong, China, and US
- Risks related to blockchain and NFT technology adoption
- Uncertain future revenues and profitability, with continued reliance on external financing
This summary provides a detailed picture of what the company does, its revenue, customer base, operational structure, and recent financials, based solely on the information given.
