LGSPCanned, Frozen & Preservd Fruit, Veg & Food SpecialtiesIFRS · EUR

Legend Spices, Inc.

Legend Spices, Inc. is a Nevada-incorporated food company that has historically sold seasoning products, with operations previously based in Armenia. As of 2025, it has discontinued its Armenia operations and says it is realigning its business with no new operating line yet determined, leaving it effectively a shell company for the time being.

Kysy yhtiöstä
Liikevaihto0,0milj. EUR
−90,7 %v/v
Liikevoitto (EBIT)−0,0milj. EUR
+50,2 %v/v
EBIT-marginaali−2 405,0%
−1 956,2 %-yks.v/v
Nettotulos−0,0milj. EUR
+39,5 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2022–2025

−0,08−0,06−0,04−0,020,000,02milj. EUR2022: 0,00 milj. EUR2022: EBIT −0,01 milj. EUR20222023: 0,01 milj. EUR2023: EBIT −0,06 milj. EUR20232024: 0,01 milj. EUR2024: EBIT −0,03 milj. EUR20242025: 0,00 milj. EUR2025: EBIT −0,02 milj. EUR20250,00−0,02
LiikevaihtoLiikevoitto (EBIT)
Kysy Clarifolta: Legend Spices, Inc.

Liiketoiminta

Osuus liikevaihdosta
Seasonings100 %

Core revenue from sale of seasoning products and related blends.

Work-in-process inventory0 %

Partially completed seasoning goods held for future sale.

Finished goods inventory0 %

Completed seasoning products ready for distribution and sale.

Asiakkaat

The company’s historical customers were buyers of seasoning products, likely including small food distributors, retailers, and other commercial purchasers. Management also indicates that revenue depends heavily on marketing success, customer base size, and consumer preferences, suggesting a small and unstable demand base. Since operations have been discontinued and no new business has been identified, current customer exposure is limited.

Seasoning product buyers

Buy seasoning products for resale or use in food distribution channels; they buy for product availability and consumer demand.

Wholesale and distribution partners

Purchase packaged seasoning goods in commercial quantities and depend on consistent supply and pricing.

Retail-oriented food buyers

Buy seasoning products that can be sold through consumer-facing channels where taste and brand acceptance matter.

Strategia

The company’s near-term priority is business realignment after discontinuing its Armenia operations and completing a change in control. Management has not yet identified a new operating business, so the strategic focus is effectively on preserving the corporate platform and determining a viable future direction. Until a new business is launched, execution risk remains high and visibility is low.

Find a new operating businessLyhyt aikaväli

The company has no current operating business and needs a new revenue source to remain viable.

Complete business realignmentLyhyt aikaväli

The prior Armenia operations have been discontinued, so the company must reset its operating structure.

Restore operating cash generationKeskipitkä aikaväli

Without recurring revenue, the company depends on financing or a new business to continue.

Maantiede

Legend Spices is a U.S.-incorporated company with business offices in Yerevan, Armenia, but it states that it has discontinued Armenia operations. The filings do not disclose a meaningful geographic revenue split, and the company currently describes itself as a shell while it realigns its business. That makes geography more of an operational and legal footprint than a stable commercial footprint at present.

Riskit

The main risk is that the company currently has no established operating business, so its ability to generate revenue is uncertain. It also faces liquidity and going-concern style pressure because management says there is no committed financing and revenues have been minimal. More broadly, any future food business would face demand volatility, customer concentration, and inventory/working-capital risk.

Järjestetty vakavuuden mukaan
No established operating businessKriittinen

The company says it has discontinued Armenia operations and has not yet determined a new business.

Kohdistuu: Corporate viability and future revenue generation

Liquidity and financing shortfallKriittinen

Management disclosed no current commitment from officers or financiers to support operations.

Kohdistuu: Ability to continue as a going concern

Demand volatility for seasoning productsKorkea

Revenue depends on marketing success, customer base size, consumer preferences, and economic conditions.

Kohdistuu: Historical seasoning product business

Inventory impairment and obsolescenceKeskitaso

The company recorded inventory impairment and says reserves are needed for unsaleable goods.

Kohdistuu: Work-in-process and finished goods inventory

Kysy Clarifolta: Legend Spices, Inc.

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition timing

Revenue is recognized when delivery occurs and collectability is reasonably assured, which matters for small and intermittent sales.

Vaikutus: Can shift revenue between periods

Inventory valuation and reserves

Inventory is written down for obsolete or unsaleable goods and the company reported inventory impairment.

Vaikutus: Affects gross margin and asset carrying value

Deferred tax valuation allowance

Management explicitly cites estimates related to deferred tax valuation allowances.

Vaikutus: Can materially affect tax assets and equity

Going concern / financing assumptions

The company has no committed financing and minimal revenue, increasing reliance on management assumptions.

Vaikutus: Influences disclosure and assessment of continuity

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Päivitetty: 28.4.2026