Lucide Ledger

A filing-first public record from Lucide House.

Issue 000 | U.S. Pilot | US

HOLO

MicroCloud Hologram Inc.

Screen state: Passing Source state: Verified 20-F | 2026-03-27 Filing currency: USD
Open Filing Back to Register Report a correction
Internal NCAV Discount 91.3%

GNNI internal NCAV discount calculation. Market context inputs are retained internally and are not displayed.

Current Assets
2,776,421,204USD
Total Liabilities
82,767,392USD
NCAV
396,463,724USD
Cash
1,843,388,870USD
NCAV per share
0.37USD/share
Evidence
5 annual | 10 quarterly

Mary filing review

Financial Statement Evidence

Deterministic observations from the frozen Mary Reason Card. They annotate filing evidence and do not determine screen inclusion.

Not captured in this issue’s Mary run.

This archived issue is not backfilled with observations from a later screening run.

Business Profile

Published only when a substantive filing-text profile has been prepared for this issue.

Not available for this issue.

A substantive filing-text profile was not prepared for this company. Financial statement evidence and filing links remain available above for direct inspection.

Share Count & Per-Share Comparability

Historical values can be viewed as reported in each filing or normalized to the latest verified split basis. These are measurement aids, not conclusions about a company.

Policy: no_split_evidence_reported_equals_adjusted | quality: needs review

Display basis

Known Unknowns

Only 10 quarterly periods available from Data Vault for this company.

Medium | Share Count

The current U.S. Pilot does not yet evaluate share-count trends or post-filing dilution beyond Mary's screening flags.

Low | Classification

U.S. Pilot rows are surfaced for source inspection and may still need manual business classification review.

Annual Financials

Latest annual periods, newest first. Missing cells render as n/a.

Metric
2025-12-31
20-F
USD
2024-12-31
20-F
USD
2023-12-31
20-F
USD
2022-12-31
10-K
USD
2021-12-31
10-K
USD
Revenue 403,686,223 290,297,984 203,548,005 72,512,835 56,284,317
Operating Income 2,604,343 -138,157,679 -76,935,142 -21,214,581 12,374,090
Net Income -50,173,603 -64,232,235 -81,587,998 -20,279,224 -740,299
Cash From Operations 56,371,190 -98,619,387 -27,738,609 -20,011,706 -779,476
Capex -99,894 -11,927 -774,615 -270,756 -21,292
Free Cash Flow 56,271,296 -98,631,314 -28,513,224 -20,282,462 -800,768
Cash And Equivalents 1,843,388,870 851,470,436 126,037,538 21,910,338 48,955
Accounts Receivable 22,156,134 23,471,365 9,842,827 11,650,012 10,711,765
Inventory 117,743 765,683 1,373,911 254,879 302,178
Total Current Assets 2,776,421,204 1,611,043,749 152,130,382 34,718,448 144,122
Total Assets 2,778,698,938 1,614,897,211 160,559,203 40,903,832 58,221,185
Total Current Liabilities 82,767,392 30,871,576 17,235,992 11,761,400 205,740
Total Liabilities 82,767,392 31,908,797 19,356,260 12,356,837 2,283,230
Shareholders Equity 2,690,757,695 1,583,811,665 141,116,747 28,503,613 -2,139,108
Shares Outstanding 22,512,360 54,503,750 5,941,204 5,081,204 1,708,000
Shares Outstanding Diluted n/a n/a n/a n/a n/a
Weighted Avg Shares Diluted 13,176,414 12,591,433 2,167,379 2,007,160 13,200,000
Weighted Avg Shares Basic 13,176,414 12,591,433 2,167,379 2,007,160 13,200,000
Net Share Count Change (Normalized) Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence 0.0%
Ownership Claim Change (Normalized) Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence 0.0%
Quarterly Financials

Latest quarterly periods, newest first. Periods are shown only when Data Vault has them.

Only 10 quarterly periods available from Data Vault for this company.

Metric
2023-03-31
10-Q
USD
2022-12-31
10-K
USD
2022-12-31
10-K
USD
2022-09-30
10-Q
USD
2022-06-30
10-Q
USD
2022-06-30
10-Q
USD
2022-03-31
10-Q
USD
2022-03-31
10-Q
USD
2021-09-30
10-Q
USD
2021-06-30
10-Q
USD
Revenue 6,579,731 -352,086,964 -352,086,964 172,453,161 227,931,427 227,931,427 24,215,211 24,215,211 54,044,387 n/a
Operating Income -3,805,127 -62,661,543 -62,661,543 7,303,477 30,867,958 30,867,958 3,275,527 3,275,527 6,669,660 n/a
Net Income -3,614,639 -68,655,895 -31,675,466 11,809,889 -103,801 -103,801 -309,846 -309,846 -394,291 -143,213
Cash From Operations -1,464,577 -54,745,672 -54,745,672 34,994,730 -30,825 -30,825 -229,939 -229,939 -528,830 n/a
Capex -31,170 1,544,312 1,544,312 -2,935 -1,811,427 -1,811,427 -706 -706 n/a n/a
Free Cash Flow -1,495,747 -53,201,360 -53,201,360 34,991,795 -1,842,252 -1,842,252 -230,645 -230,645 n/a n/a
Cash And Equivalents 20,328,906 21,910,338 21,910,338 334,076,855 n/a 48,955 29,069 29,069 35,878 509,568
Total Current Assets 31,064,931 34,718,448 34,718,448 444,233,258 167 167 74,235 74,235 181,619 520,237
Total Liabilities 12,022,171 12,356,837 12,356,837 98,431,384 2,790,151 2,790,151 2,524,182 2,524,182 2,173,740 2,117,397
Shares Outstanding 50,812,035 5,081,204 5,081,204 n/a 1,708,000 1,708,000 1,708,000 1,708,000 1,708,000 1,708,000
Shares Outstanding Diluted n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Weighted Avg Shares Diluted n/a 2,007,160 2,007,160 n/a 132,000,000 132,000,000 n/a n/a 1,708,000 1,455,335
Weighted Avg Shares Basic n/a 2,007,160 2,007,160 n/a 132,000,000 132,000,000 n/a n/a 1,708,000 1,455,335
Net Share Count Change (Normalized) Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence
Ownership Claim Change (Normalized) Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence
Audit Trail

NCAV Audit

Official-source inputs remain linked to filing provenance. Derived values are labeled as such.

Input Value Source concept Filing period Confidence Provenance
Current Assets 31,064,931USD us-gaap:AssetsCurrent 2023-03-31 1.00 Data Vault | sec/companyfacts/cik=0001841209/companyfacts.json
Data Vault | sec/companyfacts/cik=0001841209/companyfacts.json
Total Liabilities 12,022,171USD us-gaap:Liabilities 2023-03-31 1.00 Data Vault | sec/companyfacts/cik=0001841209/companyfacts.json
Data Vault | sec/companyfacts/cik=0001841209/companyfacts.json
Cash 20,328,906USD us-gaap:CashAndCashEquivalentsAtCarryingValue 2023-03-31 1.00 Data Vault | sec/companyfacts/cik=0001841209/companyfacts.json
Data Vault | sec/companyfacts/cik=0001841209/companyfacts.json
Shares Outstanding 50,812,035 dei:EntityCommonStockSharesOutstanding 2023-03-31 1.00 Data Vault | sec/companyfacts/cik=0001841209/companyfacts.json
Data Vault | sec/companyfacts/cik=0001841209/companyfacts.json
NCAV 19,042,760USD derived 2023-03-31 n/a company-evidence-v1 | total_current_assets - total_liabilities
NCAV per share 0.37USD derived 2023-03-31 n/a company-evidence-v1 | NCAV / shares_outstanding
Internal NCAV Discount 91.3% derived 2023-03-31 n/a gnni_publication_pack | internal_discount

NCAV = total_current_assets - total_liabilities | NCAV per share = NCAV / shares_outstanding

Source Provenance

Data Source
Data Vault
Data Vault Root
Local evidence | The Data Vault
CIK
0001841209
Company ID
n/a
Selected Annual Source
Data Vault | sec/companyfacts/cik=0001841209/companyfacts.json
Selected Quarterly Source
Data Vault | sec/companyfacts/cik=0001841209/companyfacts.json
Statement Extractor
companyfacts-screener-v1
View Extractor
companyfacts-screener-v1
Source Accession Count
11
Imported At
2026-08-15T12:52:09+00:00
Rendered At
2026-08-16T03:29:34+00:00

Run Audit

Mary Run
1ec055d81d1a42a39490a83bb9e1f22f
Mary As Of
2026-07-03
Accession
0001829126-26-002773
CIK
0001841209
Mary Filing Date
2026-03-27
Filing Currency
USD
Internal Discount
91.3%
Source State
Verified
Market Context
Not Displayed
Market Policy
internal_only_not_redistributed
Share Trend
Not Evaluated
Dilution
Needs Review

mary_run=1ec055d81d1a42a39490a83bb9e1f22f; mary_as_of=2026-07-03; mary_filing_date=2026-03-27; mary_accession=0001829126-26-002773; mary_cik=0001841209; gnni_supporting_filing_date=2026-03-27; internal_discount=0.912554; mary_reason=Mary's deterministic net-net screen flagged this candidate. The internal discount is shown; raw market-data fields are not published in this pilot.

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