Origin Tea Inc. has filed a notification indicating that it will be late in submitting its annual report for the fiscal year ending July 31, 2026. This delay is significant as it highlights the challenges the company faces during a period of expansion and financial consolidation.

Company Background

Origin Tea Inc. operates in the soap, detergent, cleaning preparations, perfumes, and cosmetics industry, classified under the SIC code 2840. The company, previously known as Brilliant N.E.V. Corp., has undergone a name change as part of its strategic shift. Its principal office is located in Baisha Li Autonomous County, Hainan Province, China. Origin Tea Inc. is categorized as a non-accelerated filer and a smaller reporting company.

What the Filing Says

The filing, dated October 29, 2026, states that Origin Tea Inc. is unable to file its Form 10-K within the prescribed period due to several factors. The company has established new subsidiaries in Hong Kong and China and is developing its tea-products business. The filing notes, "The Company requires additional time to complete the consolidation of its financial information, reconcile certain year-end balances and supporting schedules, and complete the preparation and review of the financial statements, related disclosures and independent audit." The company plans to file the Form 10-K by November 13, 2026.

Impact

This delay may affect various stakeholders, including investors, employees, and partners. Investors may be concerned about the company's financial health, especially given the anticipated net loss of approximately $50,431 for fiscal 2026, compared to a net loss of about $2,026 for fiscal 2025. The increase in net loss is attributed to professional fees and higher administrative expenses associated with the company's new operations.

What's Next

Origin Tea Inc. is expected to file its Form 10-K by November 13, 2026, which will provide further insights into its financial performance and operations.