Greenpro Capital Corp. Form 8-K Summary
Business Context and Reporting Period
Greenpro Capital Corp. (f/k/a Greenpro Inc.), a Nevada corporation, filed this Current Report on Form 8-K on July 22, 2015. The filing addresses a corporate governance change approved by the Board of Directors effective July 21, 2015.
Financial Metrics
This filing does not contain financial performance data. There are no reported values for revenue, profit, cash flow, margins, debt, or liquidity in this document.
Material Changes
- Fiscal Year Change: The Company changed its fiscal year-end from October 31 to December 31.
- Reasoning: The change is intended to improve comparability with industry peers.
- Transition Period: A one-month transition period covering November 2014 was created.
Outlook and Reporting Schedule
Management indicated the following reporting schedule resulting from the fiscal year change:
- The results for the November 2014 transition period will be separately reported in the Quarterly Report on Form 10-Q covering November 1, 2014, through December 31, 2014.
- The transition period results will also be included in the Annual Report on Form 10-K for the calendar year ended December 31, 2015.
- Following the transitional report, the Company will commence reporting on a calendar year schedule. The quarter ended September 30, 2015, will be reported in a Form 10-Q in November 2015.
Key Facts for Investor Verification
- Verify the upcoming Form 10-Q filing for the period November 1, 2014, to December 31, 2014, to review the financial impact of the transition month.
- Confirm the alignment of future quarterly and annual reporting dates with the new December 31 fiscal year-end.
- Note that no financial results or operational metrics are disclosed in this specific 8-K filing.