Lucide Ledger

A filing-first public record from Lucide House.

Issue 006 | U.S. Pilot | US

BON

Bon Natural Life Ltd

Screen state: Needs Review Source state: Stale Filing 20-F | 2026-01-23 Filing currency: USD
Open Filing Back to Register Report a correction
Internal NCAV Discount 83.7%

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

Current Assets
45,760,451USD
Total Liabilities
27,187,876USD
NCAV
18,572,575USD
Cash
3,765,978USD
NCAV per share
0.80USD/share
Evidence
5 annual | 5 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
5
Unavailable
0
Requires inspection High NCAV Burn since the previous filing 18,572,575
Latest
18,572,5752025-09-30
Comparison
22,377,9642024-09-30
Change
-17.0%

Basis: NCAV burn since previous filing >= 10%; previous NCAV must be positive

Source periods: SEC 20-F 2025-09-30 · 0001493152-26-003270; REPORTED_FILING 20-F 2024-09-30

Requires inspection Material 1Y Share Increase 2,755,232
Latest
2,755,2322025-09-30
Comparison
2,402,8482024-09-30
Change
+14.7%

Basis: 1Y share change >= +2% using the same share-count source

Source periods: SEC 20-F 2025-09-30 · 0001493152-26-003270; REPORTED_FILING 20-F 2024-09-30

Supporting observation Positive OCF 141,115
Latest
141,1152025-09-30
Comparison
n/a
Change
n/a

Basis: latest reporting-period cash from operations > 0

Source periods: SEC 20-F 2025-09-30 · 0001493152-26-003270

Supporting observation Low Debt 0.05
Latest
0.052025-09-30
Comparison
0.2
Change
n/a

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

Source periods: SEC 20-F 2025-09-30 · 0001493152-26-003270

Supporting observation Current Ratio > 1.5 1.74
Latest
1.742025-09-30
Comparison
1.5
Change
n/a

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

Source periods: SEC 20-F 2025-09-30 · 0001493152-26-003270

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 0001493152-26-003270 2026-01-23 20-F Verified Data Vault | sec/cleaned/cik=0001816815/accession=0001493152-26-003270/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 5 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
2025-09-30
20-F
USD
2024-09-30
20-F
USD
2023-09-30
20-F
USD
2022-09-30
20-F
USD
2021-09-30
20-F
USD
Revenue 18,670,684 23,844,556 29,522,353 29,908,561 25,494,564
Operating Income -1,623,215 1,873,534 5,918,641 6,540,218 5,400,621
Net Income -1,994,768 398,172 4,595,982 6,237,488 4,590,803
Cash From Operations 141,115 -7,722,796 -651,912 -187,121 4,053,124
Capex -6,827 -7,047 -61,906 -27,695 -51,878
Free Cash Flow 134,288 -7,729,843 -713,818 -214,816 4,001,246
Cash And Equivalents 6,265,978 80,466 106,719 835,462 1,903,453
Accounts Receivable 11,012,741 11,781,103 4,602,466 6,784,307 6,152,807
Inventory 3,305,438 1,572,224 987,287 1,722,120 1,596,492
Total Current Assets 45,760,451 39,793,857 24,183,464 14,716,787 16,549,752
Total Assets 85,185,615 61,765,432 46,556,136 37,256,849 36,412,799
Total Current Liabilities 26,308,460 16,445,832 9,611,215 6,647,338 7,528,862
Total Liabilities 27,187,876 17,415,893 10,574,303 7,164,353 9,878,050
Shareholders Equity 57,550,680 43,906,691 35,484,652 29,562,004 26,006,884
Shares Outstanding n/a 3,970,558 11,738,662 8,396,226 8,330,000
Shares Outstanding Diluted n/a n/a n/a n/a n/a
Weighted Avg Shares Diluted 2,755,232 2,402,848 9,198,107 8,396,064 6,706,235
Weighted Avg Shares Basic 2,755,232 2,387,833 9,139,600 8,360,774 6,615,833
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 5 quarterly periods available from Data Vault for this company.

Metric
2021-09-30
20-F
USD
2021-09-30
20-F
USD
2021-03-31
6-K
USD
2020-09-30
6-K
USD
2020-03-31
6-K
USD
Revenue -11,574,010 -11,574,010 11,698,830 18,219,959 7,149,785
Operating Income -2,154,050 -2,154,050 2,534,383 3,468,165 1,552,123
Net Income -2,280,447 -2,280,447 2,311,399 3,026,673 1,533,178
Cash From Operations -1,136,881 -1,136,881 1,999,769 2,643,076 547,160
Capex 7,679 7,679 -715 -31,885 -26,957
Free Cash Flow -1,129,202 -1,129,202 1,999,054 2,611,191 520,203
Cash And Equivalents 1,903,453 1,903,453 1,038,967 49,668 n/a
Total Current Assets 16,549,752 16,549,752 14,342,177 10,840,214 n/a
Total Liabilities 9,878,050 9,878,050 15,302,318 14,179,220 n/a
Shares Outstanding 8,330,000 8,330,000 5,800,000 5,800,000 n/a
Shares Outstanding Diluted n/a n/a n/a n/a n/a
Weighted Avg Shares Diluted 6,706,235 6,615,833 5,800,000 5,210,649 5,166,667
Weighted Avg Shares Basic 6,615,833 6,615,833 5,800,000 5,210,649 5,166,667
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
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 16,549,752USD derived 2021-09-30 1.00 n/a
Total Liabilities 9,878,050USD derived 2021-09-30 1.00 n/a
Cash 1,903,453USD derived 2021-09-30 1.00 n/a
Shares Outstanding 8,330,000 derived 2021-09-30 1.00 n/a
NCAV 6,671,702USD derived 2021-09-30 n/a company-evidence-v1 | total_current_assets - total_liabilities
NCAV per share 0.80USD derived 2021-09-30 n/a company-evidence-v1 | NCAV / shares_outstanding
Internal NCAV Discount 83.7% derived 2021-09-30 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
0001816815
Company ID
n/a
Selected Annual Source
Data Vault | sec/companyfacts/cik=0001816815/companyfacts.json
Selected Quarterly Source
Data Vault | sec/companyfacts/cik=0001816815/companyfacts.json
Statement Extractor
companyfacts-screener-v1
View Extractor
companyfacts-screener-v1
Source Accession Count
7
Imported At
2026-08-15T12:51:44+00:00
Rendered At
2026-08-16T03:30:06+00:00

Run Audit

Mary Run
63eb9cbe01c34796bb5a9e8d156e6111
Mary As Of
2026-08-15
Accession
0001493152-26-003270
CIK
0001816815
Mary Filing Date
2026-01-23
Filing Currency
USD
Internal Discount
83.7%
Source State
Stale Filing
Market Context
Not Displayed
Market Policy
internal_only_not_redistributed
Share Trend
Not Evaluated
Dilution
Needs Review

mary_run=63eb9cbe01c34796bb5a9e8d156e6111; mary_as_of=2026-08-15; mary_filing_date=2026-01-23; mary_accession=0001493152-26-003270; mary_cik=0001816815; gnni_supporting_filing_date=2026-01-23; internal_discount=0.836816; 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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