Company research
Pinnacle Food Group Ltd
CIK 2032755Updated Sep 24, 2026
SecurityPFAI · NASDAQ · equity
PFAI price & chart
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NASDAQ:PFAI on TradingView ↗About the company
We were established with the goal of serving primarily large-scale urban farms. Serving such customers, however, requires high investment costs and involves high operational risks. As such, we decided to stage our growth at a controllable and cost-efficient pace. We decided to initially target household users, then expand to community vegetable gardens before we serve large farm customers. Selling hydroponic growing systems and related services to household customers is relatively easy to execute with controllable costs. Household customers produce the broadest range of data because they grow a greater variety of vegetables, which was useful to start our primary data collection analysis. Household customers’ needs are also consistent and easy to serve. We use distributors to sell our products and services to household customers to minimize logistical costs. The second stage of our growth strategy was to expand to community gardens and scale up our offerings of equipment and services. Community garden consumers produce a large quantity of data which enables us to test the accuracy of data models we created based on data collected by us and helps us provide better and more precise re…
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Recent filings
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Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| ASSETS | |||
| AssetsUSD | 10,286,466Source | 5,604,664Source | 3,816,606Source |
| Property, Plant and Equipment, NetUSD | 2,473,656Source | 760,102Source | 1,025,156Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 1,732,360Source | 256,811Source | 423,305Source |
| Current assets: | |||
| Cash and Cash Equivalents, at Carrying ValueUSD | 942,820Source | 685,796Source | 121,368Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 4,151,808Source | 2,954,649Source | 1,913,882Source |
| Inventory, NetUSD | 25,072Source | 21,157Source | 64,013Source |
| Assets, CurrentUSD | 5,321,554Source | 3,903,412Source | 2,125,689Source |
| Operating Lease, Right-of-Use AssetUSD | 675,935Source | 162,227Source | 242,456Source |
| LIABILITIES AND EQUITY | |||
| LiabilitiesUSD | 3,925,133Source | 3,053,862Source | 3,260,187Source |
| Stockholders’ equity: | |||
| Retained Earnings (Accumulated Deficit)USD | -1,083,121Source | 820,787Source | 534,645Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 29,361Source | 113,287Source | 21,774Source |
| Stockholders' Equity Attributable to ParentUSD | 4,173,240Source | 466,571Source | -1,711,084Source |
| Additional Paid in Capital, Common StockUSD | 5,226,841Source | -467,570Source | -2,267,503Source |
| Liabilities and EquityUSD | 10,286,466Source | 5,604,664Source | 3,816,606Source |
| Current liabilities: | |||
| Liabilities, CurrentUSD | 2,415,329Source | 2,903,760Source | 2,978,044Source |
| Operating Lease, Liability, CurrentUSD | 173,494Source | 55,673Source | 65,500Source |
| Accounts Payable, CurrentUSD | 1,373,037Source | 1,818,003Source | 2,394,322Source |
| Operating Lease, Liability, NoncurrentUSD | 510,655Source | 106,235Source | 176,144Source |
| Deferred Income Tax Liabilities, NetUSD | — | 43,867Source | 105,999Source |
| Additional Financial Items | |||
| Accrued Liabilities, CurrentUSD | 7,750Source | 3,812Source | 1,424Source |
| Deferred Tax Liabilities, NetUSD | — | 43,867Source | 105,999Source |
| Long-term DebtUSD | 1,021,337Source | — | — |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Cash flows from operating activities: | |||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Share-based Payment Arrangement, Noncash ExpenseUSD | 42,667Source | — | — |
| Changes in operating assets and liabilities: | |||
| Increase (Decrease) in Accounts ReceivableUSD | 1,213,243Source | 1,346,044Source | 1,913,882Source |
| Increase (Decrease) in InventoriesUSD | 42,868Source | -39,583Source | 64,013Source |
| Deferred Income Tax Expense (Benefit)USD | -45,157Source | -56,267Source | 103,870Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -3,585,698Source | 204,347Source | 62,351Source |
| Cash flows from investing activities: | |||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -2,755,247Source | -1,098,553Source | -3,024Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 1,725,714Source | 795,234Source | 3,024Source |
| Cash flows from financing activities: | |||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 6,679,250Source | 1,484,839Source | 38,888Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 257,024Source | 564,428Source | 109,840Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 942,820Source | 685,796Source | 121,368Source |
| Supplemental disclosure of cash flow information: | |||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 11,429Source | — | — |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | -81,281Source | -26,205Source | 11,625Source |
| Additional Financial Items | |||
| Share-based Payment Arrangement, ExpenseUSD | 30,000Source | — | — |
| Amortization of Intangible AssetsUSD | 140,460Source | 143,308Source | 17,524Source |
| DepreciationUSD | 164,562Source | 199,668Source | 124,413Source |
| Depreciation, NonproductionUSD | 10,452Source | 3,093Source | 13,577Source |
| Gain (Loss) on Termination of LeaseUSD | — | — | 8,193Source |
| General and Administrative ExpenseUSD | 2,442,669Source | 820,565Source | 226,974Source |
| Income Tax Expense (Benefit)USD | 98,400Source | 199,505Source | 217,756Source |
| Inventory Write-downUSD | 40,063Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | -1,903,908Source | 286,142Source | 917,687Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -1,903,908Source | 286,142Source | 917,687Source |
| Nonoperating Income (Expense)USD | 116,437Source | -129,188Source | 86,568Source |
| Operating Costs and ExpensesUSD | 3,227,906Source | 940,683Source | 233,598Source |
| Other Nonoperating Income (Expense)USD | 116,437Source | -129,188Source | 86,568Source |
| Payments of Financing CostsUSD | 228,877Source | 531,426Source | — |
| Proceeds from Issuance of Common StockUSD | 6,381,000Source | 1,800,000Source | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Total RevenueUSD | 3,413,062Source | 3,289,862Source | 2,100,819Source |
| Cost of Goods and Services Sold | — | — | — |
| Selling, General and Administrative ExpenseUSD | 613,265Source | 65,117Source | 2,243Source |
| Operating Income (Loss)USD | -1,921,945Source | 614,835Source | 1,048,875Source |
| Other Nonoperating Income (Expense)USD | 116,437Source | -129,188Source | 86,568Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -1,805,508Source | 485,647Source | 1,135,443Source |
| Income Tax Expense (Benefit)USD | 98,400Source | 199,505Source | 217,756Source |
| Net Income (Loss) Attributable to ParentUSD | -1,903,908Source | 286,142Source | 917,687Source |
| Additional Financial Items | |||
| Amortization of Intangible AssetsUSD | 140,460Source | 143,308Source | 17,524Source |
| Current Income Tax Expense (Benefit)USD | 143,557Source | 255,772Source | 113,886Source |
| General and Administrative ExpenseUSD | 2,442,669Source | 820,565Source | 226,974Source |
| Gross ProfitUSD | 1,305,961Source | 1,555,518Source | 1,282,473Source |
| Income (Loss) Attributable to Parent, before TaxUSD | — | 485,647Source | 1,135,443Source |
| InterestExpenseOperatingUSD | 11,429Source | — | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -1,903,908Source | 286,142Source | 917,687Source |
| Nonoperating Income (Expense)USD | 116,437Source | -129,188Source | 86,568Source |
| Operating Costs and ExpensesUSD | 3,227,906Source | 940,683Source | 233,598Source |
| Research and Development ExpenseUSD | 171,972Source | 55,001Source | 4,381Source |
Offerings
Registration 333-285363
- Gross proceeds
- 7200000.0
- Net proceeds
- 6660000.0
- Deal price
- 4.0
- Shares
- 1800000
- Offering amount
- $7,200,000
- Offering price
- $4.00
- Ticker
- PFAI