Lucide Ledger

A filing-first public record from Lucide House.

Issue 005 | U.S. Pilot | US

CTNT

CHEETAH NET SUPPLY CHAIN SERVICE INC.

Screen state: Passing Source state: Verified 10-Q | 2026-05-14 Filing currency: USD
Open Filing Back to Register Report a correction
Internal NCAV Discount 99.2%

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

Current Assets
48,377,713USD
Total Liabilities
2,101,541USD
NCAV
46,276,172USD
Cash
713,948USD
NCAV per share
23.27USD/share
Evidence
3 annual | 14 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.

Evaluated
12
Triggered
3
Unavailable
4
Requires inspection Negative OCF -2,457,939
Latest
-2,457,9392026-03-31
Comparison
n/a
Change
n/a

Basis: latest reporting-period cash from operations < 0

Source periods: SEC 10-Q 2026-03-31 · 0001104659-26-060534

Supporting observation Low Debt 0.01
Latest
0.012026-03-31
Comparison
0.2
Change
n/a

Basis: (short-term debt + long-term debt) / ordinary equity < 20%

Source periods: SEC 10-Q 2026-03-31 · 0001104659-26-060534

Supporting observation Current Ratio > 1.5 43.21
Latest
43.212026-03-31
Comparison
1.5
Change
n/a

Basis: current assets / current liabilities; strong if > 1.5

Source periods: SEC 10-Q 2026-03-31 · 0001104659-26-060534

4 unavailable checks — inspect missing inputs
Material 1Y Share Increase 1Y share change >= +2% using the same share-count source
NCAV Growing equivalent prior-year NCAV change >= +2%; both NCAV values must be positive
No Material 1Y Share Increase 1Y share change > -2% and <= +1% using the same share-count source
Share Count Reduced 1Y share change <= -2% using the same share-count source

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 0001104659-25-108479 2025-11-07 10-Q Missing Source Data Vault | sec/cleaned/cik=0001951667/accession=0001104659-25-108479/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 14 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
10-K
USD
2024-12-31
10-K
USD
2023-12-31
10-K
USD
Revenue 1,288,536 455,805 38,315,974
Operating Income -4,579,576 -3,740,546 1,388,231
Net Income -3,649,703 -5,188,852 133,870
Cash From Operations -2,075 242,220 5,610,225
Capex n/a -365,000 n/a
Free Cash Flow n/a -122,780 n/a
Cash And Equivalents 233,217 1,650,962 432,998
Accounts Receivable 6,540 47,976 6,494,695
Inventory n/a n/a 1,515,270
Total Current Assets 9,065,646 11,037,072 9,820,537
Total Assets 11,858,464 15,379,454 10,059,265
Total Current Liabilities 1,345,618 883,261 2,358,791
Total Liabilities 2,502,877 2,761,782 3,154,637
Shareholders Equity 9,355,587 12,617,672 6,904,628
Shares Outstanding 180,889 5 0
Shares Outstanding Diluted n/a n/a n/a
Weighted Avg Shares Diluted 16,317 4 0
Weighted Avg Shares Basic 16,317 4 0
Net Share Count Change (Normalized) Insufficient evidence Insufficient evidence Insufficient evidence
Ownership Claim Change (Normalized) Insufficient evidence Insufficient evidence Insufficient evidence
Quarterly Financials

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

Only 14 quarterly periods available from Data Vault for this company.

Metric
2026-06-30
10-Q
USD
2026-03-31
10-Q
USD
2025-12-31
10-K
USD
2025-12-31
10-K
USD
2025-09-30
10-Q
USD
2025-06-30
10-Q
USD
2025-03-31
10-Q
USD
2024-12-31
10-K
USD
2024-12-31
10-K
USD
2024-09-30
10-Q
USD
2024-06-30
10-Q
USD
2024-03-31
10-Q
USD
2023-09-30
10-Q
USD
2023-06-30
10-Q
USD
Revenue 868,909 92,700 92,676 92,676 361,935 354,126 479,799 -1,407,048 -1,407,048 61,208 293,860 1,507,785 10,038,246 12,223,026
Operating Income -881,797 -764,319 -1,273,800 -1,273,800 -1,564,479 -780,849 -960,448 382,135 382,135 -2,448,902 -852,348 -821,431 453,210 545,629
Net Income 71,045 -616,265 -1,068,616 -1,068,616 -1,314,650 -512,528 -753,909 -2,151,750 -2,151,750 -1,815,292 -612,880 -608,930 122,903 155,745
Cash From Operations 1,592,179 -2,457,939 -735,858 -735,858 -599,885 -434,458 1,768,126 -359,306 -359,306 -226,454 -867,737 1,695,717 -1,273,629 n/a
Capex n/a n/a n/a n/a n/a n/a n/a n/a n/a 0 n/a n/a n/a n/a
Free Cash Flow n/a n/a n/a n/a n/a n/a n/a n/a n/a -226,454 n/a n/a n/a n/a
Cash And Equivalents 2,143,604 713,948 233,217 233,217 153,692 185,186 324,142 1,650,962 1,650,962 5,287,376 6,292,901 903,204 704,869 592,126
Total Current Assets 75,721,333 48,377,713 9,065,646 9,065,646 9,735,297 9,916,789 10,245,946 11,037,072 11,037,072 12,418,881 13,621,717 7,836,191 12,651,863 10,833,602
Total Liabilities 2,190,010 2,101,541 2,502,877 2,502,877 2,657,001 2,517,524 2,628,295 2,761,782 2,761,782 2,874,412 2,462,086 2,815,046 5,956,667 8,551,029
Shares Outstanding 3,159,391 184,346 3,418,587 180,889 33 5 5 3,218,886 5 4 0 0 0 0
Shares Outstanding Diluted n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Weighted Avg Shares Diluted 1,909,536 136,029 3,263,456 16,976 32 6 6 1,955,214 1,955,214 3 0 0 0 0
Weighted Avg Shares Basic 1,909,536 136,029 3,263,456 16,976 32 6 6 1,955,214 1,955,214 3 0 0 0 0
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 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 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 75,721,333USD us-gaap:AssetsCurrent 2026-06-30 1.00 Data Vault | sec/companyfacts/cik=0001951667/companyfacts.json
Data Vault | sec/companyfacts/cik=0001951667/companyfacts.json
Total Liabilities 2,190,010USD us-gaap:Liabilities 2026-06-30 1.00 Data Vault | sec/companyfacts/cik=0001951667/companyfacts.json
Data Vault | sec/companyfacts/cik=0001951667/companyfacts.json
Cash 2,143,604USD us-gaap:CashAndCashEquivalentsAtCarryingValue 2026-06-30 1.00 Data Vault | sec/companyfacts/cik=0001951667/companyfacts.json
Data Vault | sec/companyfacts/cik=0001951667/companyfacts.json
Shares Outstanding 3,159,391 us-gaap:CommonStockSharesOutstanding 2026-06-30 1.00 Data Vault | sec/companyfacts/cik=0001951667/companyfacts.json
Data Vault | sec/companyfacts/cik=0001951667/companyfacts.json
NCAV 73,531,323USD derived 2026-06-30 n/a company-evidence-v1 | total_current_assets - total_liabilities
NCAV per share 23.27USD derived 2026-06-30 n/a company-evidence-v1 | NCAV / shares_outstanding
Internal NCAV Discount 99.2% derived 2026-06-30 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
0001951667
Company ID
n/a
Selected Annual Source
Data Vault | sec/companyfacts/cik=0001951667/companyfacts.json
Selected Quarterly Source
Data Vault | sec/companyfacts/cik=0001951667/companyfacts.json
Statement Extractor
companyfacts-screener-v1
View Extractor
companyfacts-screener-v1
Source Accession Count
14
Imported At
2026-10-04T02:13:07+00:00
Rendered At
2026-10-04T14:24:38+00:00

Run Audit

Mary Run
062cd84c6cec4533b9bb580392e1f3bf
Mary As Of
2026-08-07
Accession
0001104659-26-060534
CIK
0001951667
Mary Filing Date
2026-05-14
Filing Currency
USD
Internal Discount
99.2%
Source State
Verified
Market Context
Not Displayed
Market Policy
internal_only_not_redistributed
Share Trend
Not Evaluated
Dilution
Needs Review

mary_run=062cd84c6cec4533b9bb580392e1f3bf; mary_as_of=2026-08-07; mary_filing_date=2026-05-14; mary_accession=0001104659-26-060534; mary_cik=0001951667; gnni_supporting_filing_date=2026-05-14; internal_discount=0.992312; 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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