Bio Essence CORP

Market Movers (8-K)

OQB
Bio Essence Corp. has finalized the acquisition of MediFlow AI software from Zhituo Software Co., Limited, through an asset purchase agreement valued at $3.5 million.
OQB
Bio Essence Corp. has determined that its financial statements for the quarter ending March 31, 2024, can no longer be relied upon due to an error in accounting for a lease termination.
Worse than expected
OQB
Bio Essence Corp. has dismissed its previous independent accountant, Keith K. Zhen, CPA, and appointed Simon & Edward, LLP as its new principal accountant.
OQB
Bio Essence Corp. has dismissed its previous independent accountant, Keith K. Zhen, CPA, and appointed Simon & Edward, LLP as its new principal accountant, effective August 1, 2024.
OQB
Bio Essence Corp. has announced the resignation of two directors, the appointment of a new director, and the adoption of an insider trading policy.
OQB
Bio Essence Corp. has sold its wholly-owned subsidiary, Bio Essence Herbal Essentials, Inc., to Health Up, Inc. for $400,000 in cash.

Quarterly Earnings (10-Q)

OQB
Bio Essence Corp. reported a significant surge in revenue for the first quarter of 2026, driven by a substantial increase in OEM service orders.
Capital raise
Better than expected
OQB
Bio Essence Corp. reported significantly reduced net losses and a strategic pivot to OEM services, yet faces substantial doubt about its ability to continue as a going concern.
Better than expected
Capital raise
OQB
Bio Essence Corp. reports improved operational results in continuing segments but faces severe liquidity issues with zero cash and a going concern warning.
Capital raise
Worse than expected
OQB
Bio Essence Corp. reports a net loss of $205,752 for Q1 2025 and acknowledges substantial doubt about its ability to continue as a going concern.
Worse than expected
Capital raise
OQB
Bio Essence Corp. has filed an amendment to its Form 10-Q for the quarter ended June 30, 2024, to update disclosures regarding internal controls, while the rest of the report remains unchanged.
Worse than expected
Capital raise
OQB
Bio Essence Corp. has filed an amended quarterly report to address internal control deficiencies and reflect the sale of two subsidiaries, impacting financial results for the period ending March 31, 2024.
Worse than expected
Capital raise

Annual Reports (10-K)

OQB
Bio Essence Corp. reported a significant turnaround to net income in 2025, driven by a strategic shift to OEM services, despite ongoing litigation and internal control deficiencies.
Capital raise
Better than expected
OQB
Bio Essence Corp.'s 2024 10-K filing reveals increased net losses and a going concern uncertainty, despite revenue generation from continuing operations following subsidiary disposals.
Worse than expected
Capital raise
OQB
Bio Essence Corp. reports a net loss of $971,879 for 2023, impacted by decreased sales and increased operating expenses, while also selling a subsidiary for $300,000.
Worse than expected
Capital raise

Insider Trading (Form 4)

OQB
Bio Essence Corp's CEO, Yin Yan, has sold a substantial amount of company stock over a three-day period.
Worse than expected
OQB
Yin Yan, Director and CEO of Bio Essence Corp, files an amendment to Form 4 to correct a typographical error, clarifying her beneficial ownership as 14,000,000 shares of common stock.
OQB
Bio Essence Corp CEO Yin Yan reported selling shares of common stock in multiple transactions between September 25, 2024, and October 1, 2024.
OQB
Bio Essence Corp CEO Yin Yan reported selling a total of 223,965 shares of common stock between July 2nd and July 8th, 2024.
OQB
Bio Essence Corp CEO Yin Yan reported selling shares of common stock between July 2nd and July 8th, 2024.
OQB
Bio Essence Corp's CEO, Yin Yan, reports acquiring 5,000,000 shares of common stock at $0.50 per share and disposing of 19,000,000 shares.