Lucide Ledger

A filing-first public record from Lucide House.

Issue 001 | U.S. Pilot | US

BGM

BGM Group Ltd.

Screen state: Needs Review Source state: Stale Filing 20-F | 2025-05-08 Filing currency: USD
Open Filing Back to Register Report a correction
Internal NCAV Discount 88.4%

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

Current Assets
29,769,210USD
Total Liabilities
8,910,379USD
NCAV
20,858,831USD
Cash
9,817,254USD
NCAV per share
0.19USD/share
Evidence
5 annual | 6 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

Checklist-driven facts extracted from filing text. Missing fields stay visible in the details.

business_profile_v1

Business profile: 0 of 12 fields established by the current extractor.

Business Profile Field Details

Business Description

Missing Source

Not established by the current extractor from the selected filing context.

Revenue Model

Missing Source

Not established by the current extractor from the selected filing context.

Customers And Channels

Missing Source

Not established by the current extractor from the selected filing context.

Segments And Geography

Missing Source

Not established by the current extractor from the selected filing context.

Tangible Operations Assets

Missing Source

Not established by the current extractor from the selected filing context.

Value Chain

Missing Source

Not established by the current extractor from the selected filing context.

Competition Positioning

Missing Source

Not established by the current extractor from the selected filing context.

Business Lifecycle Cyclicality

Missing Source

Not established by the current extractor from the selected filing context.

Strategy And Capital Allocation

Missing Source

Not established by the current extractor from the selected filing context.

Management Governance Signals

Missing Source

Not established by the current extractor from the selected filing context.

Disclosed Risks

Missing Source

Not established by the current extractor from the selected filing context.

Known Unknowns

Missing Source

Not established by the current extractor from the selected filing context.

Business Profile Sources
Source Filing Date Type Status Provenance
S1 0001104659-26-085247 2026-07-21 20-F Verified Data Vault | sec/cleaned/cik=0001779578/accession=0001104659-26-085247/parser=html-cleaner-v1/full.txt
Share Count & Per-Share Comparability

Data Vault has not published the normalized share-count artifact for this company.

Known Unknowns

Only 6 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.

Medium | Filing

Some rows are based on older filing data and require manual freshness review.

Annual Financials

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

Metric
2024-09-30
20-F
USD
2023-09-30
20-F
USD
2022-09-30
20-F
USD
2021-09-30
20-F
USD
2020-09-30
20-F
USD
Revenue 25,097,951 46,471,478 64,855,025 57,099,884 50,033,200
Operating Income -563,771 -2,610,099 2,102,003 2,388,045 4,811,144
Net Income -1,442,830 -7,780,620 1,076,693 3,108,144 5,063,710
Cash From Operations 544,238 312,209 12,654,188 345,034 5,076,014
Capex -240,133 -179,759 -3,232,269 -3,491,564 -449,766
Free Cash Flow 304,105 132,450 9,421,919 -3,146,530 4,626,248
Cash And Equivalents 9,817,254 7,476,247 14,319,234 10,467,357 11,867,130
Accounts Receivable 1,543,160 1,975,716 815,325 1,733,306 1,118,476
Inventory 5,049,688 4,991,435 8,879,486 12,495,831 11,994,471
Total Current Assets 29,769,210 34,512,621 30,033,989 40,365,153 37,517,422
Total Assets 53,003,728 51,257,994 64,526,617 75,353,263 48,143,138
Total Current Liabilities 8,775,985 6,660,139 9,180,601 18,174,880 18,423,771
Total Liabilities 8,910,379 6,906,593 9,563,081 18,684,805 19,301,631
Shareholders Equity 42,743,844 42,792,133 53,052,142 54,858,606 26,098,234
Shares Outstanding 7,226,480 35,750,000 35,750,000 35,750,000 30,000,000
Shares Outstanding Diluted n/a n/a n/a n/a n/a
Weighted Avg Shares Diluted 7,226,480 35,750,000 35,750,000 34,089,286 30,000,000
Weighted Avg Shares Basic 7,226,480 35,750,000 35,750,000 34,089,286 30,000,000
Net Share Count Change (Normalized) Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence
Ownership Claim Change (Normalized) Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence
Quarterly Financials

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

Only 6 quarterly periods available from Data Vault for this company.

Metric
2025-03-31
6-K
USD
2024-09-30
6-K
USD
2024-03-31
6-K
USD
2023-09-30
6-K
USD
2023-03-31
6-K
USD
2022-03-31
6-K
USD
Revenue 14,311,414 25,097,951 12,562,599 46,471,478 29,163,616 32,086,522
Operating Income -2,238,307 -563,771 -679,088 -2,610,099 210,631 1,227,245
Net Income -861,220 -1,442,830 414,468 -7,780,620 495,521 87,862
Cash From Operations -3,056,092 544,238 2,560,675 312,209 -83,015 4,187,130
Capex -1,018,131 -240,133 -786,547 -179,759 -716,251 -1,748,429
Free Cash Flow -4,074,223 304,105 1,774,128 132,450 -799,266 2,438,701
Cash And Equivalents 9,651,606 9,817,254 10,345,332 7,476,247 n/a n/a
Total Current Assets 42,942,547 29,769,210 33,326,420 34,512,621 n/a n/a
Total Liabilities 23,902,462 8,910,379 4,931,396 6,906,593 n/a n/a
Shares Outstanding 98,294,641 7,226,480 35,750,000 35,750,000 n/a n/a
Shares Outstanding Diluted n/a n/a n/a n/a n/a n/a
Weighted Avg Shares Diluted 31,615,463 7,226,480 7,226,480 35,750,000 7,226,480 35,750,000
Weighted Avg Shares Basic 31,615,463 7,226,480 7,226,480 35,750,000 7,226,480 35,750,000
Net Share Count Change (Normalized) 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
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 42,942,547USD us-gaap:AssetsCurrent 2025-03-31 1.00 Data Vault | sec/companyfacts/cik=0001779578/companyfacts.json
Data Vault | sec/companyfacts/cik=0001779578/companyfacts.json
Total Liabilities 23,902,462USD us-gaap:Liabilities 2025-03-31 1.00 Data Vault | sec/companyfacts/cik=0001779578/companyfacts.json
Data Vault | sec/companyfacts/cik=0001779578/companyfacts.json
Cash 9,651,606USD us-gaap:CashAndCashEquivalentsAtCarryingValue 2025-03-31 1.00 Data Vault | sec/companyfacts/cik=0001779578/companyfacts.json
Data Vault | sec/companyfacts/cik=0001779578/companyfacts.json
Shares Outstanding 98,294,641 us-gaap:CommonStockSharesOutstanding 2025-03-31 1.00 Data Vault | sec/companyfacts/cik=0001779578/companyfacts.json
Data Vault | sec/companyfacts/cik=0001779578/companyfacts.json
NCAV 19,040,085USD derived 2025-03-31 n/a company-evidence-v1 | total_current_assets - total_liabilities
NCAV per share 0.19USD derived 2025-03-31 n/a company-evidence-v1 | NCAV / shares_outstanding
Internal NCAV Discount 88.4% derived 2025-03-31 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
0001779578
Company ID
n/a
Selected Annual Source
Data Vault | sec/companyfacts/cik=0001779578/companyfacts.json
Selected Quarterly Source
Data Vault | sec/companyfacts/cik=0001779578/companyfacts.json
Statement Extractor
companyfacts-screener-v1
View Extractor
companyfacts-screener-v1
Source Accession Count
6
Imported At
2026-08-15T12:51:43+00:00
Rendered At
2026-08-16T03:29:38+00:00

Run Audit

Mary Run
7597e71d9e0c42a48d3fa1ce89682485
Mary As Of
2026-07-11
Accession
0001104659-25-045898
CIK
0001779578
Mary Filing Date
2025-05-08
Filing Currency
USD
Internal Discount
88.4%
Source State
Stale Filing
Market Context
Not Displayed
Market Policy
internal_only_not_redistributed
Share Trend
Not Evaluated
Dilution
Needs Review

mary_run=7597e71d9e0c42a48d3fa1ce89682485; mary_as_of=2026-07-11; mary_filing_date=2025-05-08; mary_accession=0001104659-25-045898; mary_cik=0001779578; gnni_supporting_filing_date=2025-01-27; internal_discount=0.88394; 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.; source requires review

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