Security
Paranovus Entertainment Technology Ltd. Class A Ordinary Shares · PAVS
PAVSNASDAQCommon stockCurrentCIK 1751876Updated Oct 6, 2026
Name history
Happiness Development Group Ltd · through Feb 27, 2023Happiness Biotech Group Ltd · through Oct 29, 2021
PAVS price & chart
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NASDAQ:PAVS on TradingView ↗In the news
PAVS Announces Pricing of a $10 Million Registered Direct Offering of Class A Ordinary Shares and Pre-Funded Warrants ↗
Paranovus Entertainment Technology Limited Announces Pricing of $5 Million Registered Direct Offering At-The-Market Under NASDAQ Rules ↗
Recent filings
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Financials
FY 2026 · USDSource
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balance sheet · annual statements
| Line item | Q2 2026 | Q2 2025 | Q2 2024 | Q2 2023 | Q2 2021 | Q2 2020 | FY 2026 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||
| AssetsUSD | 37,293,179Source | 33,438,196Source | — | 75,965,700Source | 93,564,269Source | — | 36,868,394Source | 7,728,826Source | 36,340,209Source | 97,425,676Source |
| Property, Plant and Equipment, NetUSD | 19,019Source | — | — | 9,345,652Source | 9,074,646Source | — | 105,231Source | 0Source | 8,470,272Source | 11,246,815Source |
| GoodwillUSD | 17,500,601Source | 3,376,186Source | — | 8,865,954Source | — | — | 10,936,855Source | 3,376,186Source | 6,455,781Source | 10,084,201Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 9,676,284Source | 1,298,333Source | — | 8,294,643Source | — | — | 5,375,713Source | 1,488,333Source | 9,446,255Source | 10,101,405Source |
| Current assets: | ||||||||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 412,047Source | — | — | 11,252,396Source | 43,803,330Source | 23,832,048Source | 10,297,699Source | 341,779Source | 3,355,487Source | 19,733,631Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 1,975,817Source | — | — | 24,754,419Source | 21,804,902Source | — | 436,633Source | 11,360Source | 1,706,279Source | 27,447,907Source |
| Inventory, NetUSD | 593,907Source | — | — | 1,626,960Source | 2,126,986Source | — | 118,788Source | 0Source | 335,019Source | 1,389,561Source |
| Assets, CurrentUSD | 9,768,623Source | 28,763,677Source | — | 45,501,973Source | 75,415,297Source | — | 20,215,799Source | 2,851,711Source | 9,785,971Source | 56,569,664Source |
| Prepaid Expense and Other Assets, CurrentUSD | 1,697,481Source | 1,501,651Source | — | 7,868,198Source | — | — | 4,368,207Source | 1,501,651Source | 4,389,186Source | 7,909,233Source |
| Operating Lease, Right-of-Use AssetUSD | 328,652Source | — | — | — | — | — | 234,796Source | 0Source | — | — |
| Other Assets, NoncurrentUSD | — | — | — | 3,303,216Source | 8,333,614Source | — | — | 0Source | 2,181,930Source | 5,627,099Source |
| LIABILITIES AND EQUITY | ||||||||||
| LiabilitiesUSD | 8,854,697Source | 3,448,084Source | — | 24,413,558Source | 5,883,957Source | — | 3,855,371Source | 2,560,381Source | 22,467,138Source | 20,011,072Source |
| Stockholders’ equity: | ||||||||||
| Preferred Stock, Value, IssuedUSD | 0Source | 0Source | — | — | — | — | 0Source | 0Source | — | — |
| Common Stock, Value, IssuedUSD | — | — | — | 33,502Source | 12,950Source | — | — | — | 77,177Source | 33,502Source |
| Additional Paid in CapitalUSD | 91,339,559Source | 91,318,726Source | — | 53,871,226Source | 17,271,429Source | — | 111,854,111Source | 64,918,726Source | 66,908,726Source | 53,871,226Source |
| Retained Earnings (Accumulated Deficit)USD | -70,943,400Source | -64,135,066Source | — | -7,084,172Source | 69,432,507Source | — | -82,996,267Source | -61,957,019Source | -59,453,593Source | 12,285,281Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 2,525,618Source | 2,133,152Source | — | -380,257Source | -1,143,822Source | — | 2,390,701Source | 2,545,619Source | -402,119Source | 4,306,536Source |
| Stockholders' Equity Attributable to ParentUSD | 23,595,077Source | 29,990,112Source | 10,677,415Source | 54,069,112Source | 87,637,160Source | 66,239,193Source | 31,248,555Source | 5,580,626Source | 14,759,079Source | 78,125,358Source |
| Liabilities and EquityUSD | 37,293,179Source | 33,438,196Source | — | 75,965,700Source | 93,564,269Source | — | 36,868,394Source | 7,728,826Source | 36,340,209Source | 97,425,676Source |
| Current liabilities: | ||||||||||
| Liabilities, CurrentUSD | 8,501,701Source | 3,289,737Source | — | 22,638,860Source | — | — | 2,472,296Source | 2,560,381Source | 20,953,078Source | 17,931,086Source |
| Operating Lease, Liability, CurrentUSD | 141,725Source | — | — | — | — | — | 155,450Source | 0Source | — | — |
| Accounts Payable, CurrentUSD | 2,655,478Source | — | — | 18,423,109Source | 1,515,826Source | — | 1,431,815Source | 0Source | 13,462,008Source | 12,155,733Source |
| Operating Lease, Liability, NoncurrentUSD | 190,011Source | — | — | — | — | — | 82,194Source | 0Source | — | — |
| Other Liabilities, NoncurrentUSD | 162,985Source | 158,347Source | — | — | — | — | 171,982Source | 0Source | — | — |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 4,843,405Source | 0Source | — | -2,516,970Source | 43,152Source | — | 1,764,468Source | -412,181Source | -886,008Source | -710,754Source |
| Additional Financial Items | ||||||||||
| Deferred Tax Liabilities, NetUSD | — | — | — | 334,530Source | — | — | 1,128,900Source | 0Source | 143,360Source | 37,225Source |
| Short-term InvestmentsUSD | 4,798,371Source | 27,156,977Source | — | — | — | — | 4,954,472Source | 0Source | — | — |
cash flow · annual statements
| Line item | Q2 2026 | Q2 2025 | Q2 2024 | Q2 2023 | FY 2026 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | — | — | — | -15,715,049Source | -9,927,324Source | -72,187,116Source | -54,020,081Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||
| Depreciation and amortization | — | — | — | — | —Source | —Source | —Source | —Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | — | — | — | 0Source | — | 1,086,231Source |
| Changes in operating assets and liabilities: | ||||||||
| Increase (Decrease) in Accounts ReceivableUSD | — | — | — | — | 436,633Source | 11,360Source | -24,887,013Source | -23,222,982Source |
| Increase (Decrease) in InventoriesUSD | — | — | — | — | -534,554Source | 0Source | -1,054,542Source | -454,262Source |
| Increase (Decrease) in Accounts PayableUSD | — | — | — | — | -301,892Source | — | 1,306,275Source | -4,845,854Source |
| Deferred Income Tax Expense (Benefit)USD | — | — | — | — | — | -95,630Source | 3,093,587Source | -3,921,905Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | -1,400,031Source | -13,105,978Source | -21,090,732Source | -28,134,783Source |
| Cash flows from investing activities: | ||||||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | — | — | — | 0Source | 0Source | — | — |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | — | -3,863,550Source | 11,698,379Source | 89,322Source | -8,476,879Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | — | — | — | 0Source | 0Source | 45,819Source | 2,390,339Source |
| Cash flows from financing activities: | ||||||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | 15,603,387Source | 0Source | 3,145,524Source | 18,830,786Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | — | — | 10,036,344Source | -2,411,245Source | -16,378,144Source | -16,825,121Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 412,047Source | 105,049Source | 497,546Source | 11,252,396Source | 10,297,699Source | 944,242Source | — | — |
| Supplemental disclosure of cash flow information: | ||||||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | — | — | 558,656Source | 0Source | 72,303Source | 85,993Source |
| Income Taxes Paid, NetUSD | — | — | — | — | 0Source | 0Source | 306,090Source | 570,113Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | — | — | -303,462Source | -1,003,646Source | 1,477,742Source | 955,755Source |
| Additional Financial Items | ||||||||
| Share-based Payment Arrangement, ExpenseUSD | — | — | — | — | — | — | — | 1,086,231Source |
| Amortization of Intangible AssetsUSD | — | — | — | — | 2,150,285Source | 380,000Source | 1,763,779Source | 633,807Source |
| Deconsolidation, Gain (Loss), AmountUSD | — | — | — | — | — | — | 383,376Source | 95,932Source |
| Deferred Other Tax Expense (Benefit)USD | — | — | — | — | 1,128,900Source | — | — | — |
| DepreciationUSD | — | — | — | — | 16,671Source | 1,126Source | 1,615,173Source | 1,553,399Source |
| Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of TaxUSD | — | — | — | — | 0Source | 7,472,035Source | — | — |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | — | — | — | — | — | — | — | -5,901Source |
| Gain (Loss) on Disposition of BusinessUSD | — | — | — | — | 0Source | 7,547,428Source | — | — |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | — | — | — | — | — | — | 383,376Source | -95,932Source |
| General and Administrative ExpenseUSD | — | — | — | — | 4,905,679Source | 2,462,001Source | 9,478,099Source | 9,126,812Source |
| GoodwillUSD | 17,500,601Source | 3,376,186Source | — | 8,865,954Source | 10,936,855Source | 3,376,186Source | 6,455,781Source | 10,084,201Source |
| Goodwill and Intangible Asset ImpairmentUSD | — | — | — | — | — | — | — | 10,309,745Source |
| Goodwill, Impairment LossUSD | — | — | — | — | 6,563,746Source | 1,807,848Source | 7,872,696Source | 10,309,745Source |
| Impairment of Intangible Assets (Excluding Goodwill)USD | — | — | — | — | — | 411,667Source | 2,496,518Source | 771,113Source |
| Impairment of Intangible Assets, Finite-livedUSD | — | — | — | — | 3,225,428Source | 0Source | — | — |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | — | — | — | — | -15,715,049Source | -4,289,195Source | — | — |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | — | — | — | -3,790,173Source | — | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | — | — | 0Source | -5,638,129Source | — | — |
| Income Tax Expense (Benefit)USD | — | — | — | — | 1,238,844Source | 0Source | 3,457,080Source | -3,726,227Source |
| Investment Income, InterestUSD | — | — | — | — | — | 345Source | 31,886Source | 108,395Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | — | — | -12,733,819Source | -10,126,191Source | -71,738,874Source | -49,190,610Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | — | — | — | -2,981,229Source | 198,867Source | -448,242Source | -4,829,471Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | — | — | -15,715,049Source | — | — | — |
| Nonoperating Income (Expense)USD | — | — | — | — | 187,869Source | -19,252Source | -335,167Source | 139,488Source |
| Operating ExpensesUSD | — | — | — | — | 17,078,750Source | 4,269,943Source | 73,449,231Source | 61,597,262Source |
| Other Nonoperating Income (Expense)USD | — | — | — | — | 233,625Source | 19,915Source | -294,750Source | — |
| Other Operating Income (Expense), NetUSD | — | — | — | — | -262,514Source | — | — | — |
| Proceeds from Issuance of Common StockUSD | — | — | — | — | 19,862,097Source | 0Source | 3,000,000Source | 18,877,600Source |
income statement · annual statements
| Line item | FY 2026 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 14,602,369Source | 0Source | 98,152,825Source | 89,488,658Source |
| Cost of Goods and Services Sold | —Source | —Source | —Source | —Source |
| Operating Income (Loss)USD | -14,664,074Source | -4,269,943Source | -68,394,869Source | -57,885,796Source |
| Other Nonoperating Income (Expense)USD | 233,625Source | 19,915Source | -294,750Source | — |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -14,476,205Source | -4,289,195Source | -68,730,036Source | -57,746,308Source |
| Income Tax Expense (Benefit)USD | 1,238,844Source | 0Source | 3,457,080Source | -3,726,227Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -2,981,229Source | 198,867Source | -448,242Source | -4,829,471Source |
| Net Income (Loss) Attributable to ParentUSD | -12,733,819Source | -10,126,191Source | -71,738,874Source | -49,190,610Source |
| Earnings Per Share, BasicUSD per share | — | — | -12.63Source | -1.22Source |
| Earnings Per Share, DilutedUSD per share | -8,485Source | — | -12.63Source | -1.22Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | 4,732,726Source | 5,678,081Source | 40,485,912Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 1,500Source | 4,732,726Source | 5,678,081Source | 40,485,912Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 2,150,285Source | 380,000Source | 1,763,779Source | 633,807Source |
| Current Income Tax Expense (Benefit)USD | — | 0Source | 363,493Source | 195,678Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | 2,069,910Source | 380,000Source | 3,378,952Source | 2,187,206Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | — | — | — | -5,901Source |
| General and Administrative ExpenseUSD | 4,905,679Source | 2,462,001Source | 9,478,099Source | 9,126,812Source |
| Goodwill, Impairment LossUSD | 6,563,746Source | 1,807,848Source | 7,872,696Source | 10,309,745Source |
| Gross ProfitUSD | 2,414,676Source | 0Source | 5,054,362Source | 3,711,466Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | -15,715,049Source | -4,289,195Source | — | — |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | -3,790,173Source | — | — |
| Income (Loss) from Continuing Operations, Per Basic ShareUSD per share | — | 0.75Source | — | — |
| Income (Loss) from Continuing Operations, Per Diluted ShareUSD per share | -8,485Source | -0.91Source | — | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | 0Source | -5,638,129Source | — | — |
| Interest ExpenseUSD | 262,514Source | 39,167Source | 72,303Source | 85,993Source |
| Interest Income, OperatingUSD | 227,896Source | — | — | — |
| Interest Income, OtherUSD | 216,758Source | 0Source | — | — |
| Investment Income, InterestUSD | — | 345Source | 31,886Source | 108,395Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -15,715,049Source | — | — | — |
| Nonoperating Income (Expense)USD | 187,869Source | -19,252Source | -335,167Source | 139,488Source |
| Operating ExpensesUSD | 17,078,750Source | 4,269,943Source | 73,449,231Source | 61,597,262Source |
| Other Cost of Operating RevenueUSD | — | — | 1Source | 1Source |
| Other Operating Income (Expense), NetUSD | -262,514Source | — | — | — |
| Research and Development ExpenseUSD | — | — | 1,397,118Source | 1,684,089Source |
| Selling and Marketing ExpenseUSD | 883,897Source | 94Source | 54,701,318Source | 40,476,616Source |
Filing attachments
pavs_ex41.htm · 6-K · 2026-06-16
EXHIBIT 4.1 PRE-FUNDED ORDINARY SHARE PURCHASE WARRANT PARANOVUS ENTERTAINMENT TECHNOLOGY LIMITED Warrant Shares:_____________________ Issue Date: June 16, 2026 ─────────────────────────────────────────────────────────────────────── THIS PRE-FUNDED ORDINARY SHARE PURCHASE WARRANT (the “Warrant”) certifies that, for value received, [HOLDER]. or its assigns (the “Holder”) is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at…
Read attachment ↗pavs_ex991.htm · 6-K · 2026-04-13
EXHIBIT 99.1 PARANOVUS ENTERTAINMENT TECHNOLOGY LIMITED (a Cayman Islands exempted company with limited liability) (NASDAQ: PAVS) NOTICE OF EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS NOTICE IS HEREBY GIVEN THAT an extraordinary general meeting of shareholders (the “2026 Extraordinary Meeting”) of Paranovus Entertainment Technology Limited (the “Company”) will be held on April 28, 2026 at 10:00 a.m., Eastern time at 250 Park Avenue, 7th Floor, New York, NY 10177. The 2026 Extraordinary Me…
Read attachment ↗pavs_ex991.htm · 6-K · 2026-01-22
EXHIBIT 99.1 PARANOVUS ENTERTAINMENT TECHNOLOGY LIMITED (a Cayman Islands exempted company with limited liability) (NASDAQ: PAVS) NOTICE OF EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS NOTICE IS HEREBY GIVEN THAT the extraordinary general meeting of shareholders (the “2026 Extraordinary Meeting”) of Paranovus Entertainment Technology Limited (the “Company”) will be held on February 18, 2026 at 10:00 a.m., Eastern time at 250 Park Avenue, 7th Floor, New York, NY 10177. The 2026 Extraordinar…
Read attachment ↗pavs_ex992.htm · 6-K · 2026-01-22
EXHIBIT 99.2 SCAN TO VIEW MATERIALS & VOTE PARANOVUS ENTERTAINMENT TECHNOLOGY LIMITED VOTE BY INTERNET - www.proxyvote.com or scan the QR Barcode above 250 PARK AVENUE, 7TH FLOOR Use the Internet to transmit your voting instructions and for electronic delivery of information up until 11:59 p.m. Eastern Time February 17, 2026. Have your proxy card in hand when you access the web site and follow the instructions to obtain your records and to create an electron…
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