OFA Group (NASDAQ: OFAL) reports $1.9M quarterly loss and going concern risks

OFA Group (NASDAQ: OFAL) reported a net loss of $1.90 million on minimal revenue of $14,879 for the quarter ended June 30, 2026, primarily due to high depreciation and amortization expenses. The company disclosed an accumulated deficit of $11.1 million and a net working capital deficit of $4.58 million, raising substantial doubt about its ability to continue as a going concern. Management believes this doubt is alleviated by real-world asset tokenization agreements, equity financing, cost controls, and ongoing service revenue, while noting recent expansion into Japan and a one-for-ten share consolidation.