MeritValue

KiNRG, Inc.

BYOPdata completeness 63%7 fiscal years on file
i. The business — what you’d actually own
FigureFY 2013FY 2014FY 2015FY 2024FY 2025
Revenue—————
Net income−$2.4M1−$5.12M2−$5.13M2−$1.33M3−$2.7M3
Operating cash flow−$1.01M4−$1.35M5−$986,5955−$897,4486−$698,5426
Capital expenditure$07$2,1248$08——
Free cash flow (derived)−$1.01M4−$1.35M5−$986,5955——
Total debt$24,4569————
Cash & equivalents———$23,09910$328,46610
Diluted shares473.7M874.1M16.06B51.2M54.8M

Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).

ii. Your slice — ownership made literal
If you owned
shares
Net assets behind them
−$0.1
your share of equity
Profit it earned you last year
−$0.49
Free cash flow it threw off
—
Debt you’d be carrying
—

10 shares is a claim on −$0.1 of net worth that earned you −$0.49 last year.

iii. Is this a good business?
Moat signal · return on equity
— avg · 5y

Not enough data in the filings for a return-on-capital reading.

seeing a moat in the numbers →
Management signal · capital allocation
−88% shares · 5y

Share count is down 88% over 5 years — management has been buying back stock, quietly handing owners a bigger slice. Total debt has held roughly steady.

reading capital allocation →

Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.

iv. What it’s worth — engine v0.5.0
DCF · Growth Exit 10Y
not applicable
3y-median FCF non-positive — growth-exit DCF not applicable (see EPV)
DCF · Growth Exit 5Y
not applicable
3y-median FCF non-positive — growth-exit DCF not applicable (see EPV)
Earnings Power Value
not applicable
normalized (5y-median) earnings non-positive — EPV undefined
Graham Number
not applicable
diluted EPS missing or non-positive — Graham Number undefined

Different models answer different questions — which to trust when →

Sources — the receipts
  1. 10-K/A · period ending 2013-12-31 · accession 0001019687-15-001304 (NetIncomeLoss)
  2. 10-K · period ending 2014-12-31 · accession 0001683168-17-000483 (NetIncomeLoss)
  3. 10-K · period ending 2024-12-31 · accession 0001213900-26-032486 (NetIncomeLoss)
  4. 10-K/A · period ending 2013-12-31 · accession 0001019687-15-001304 (NetCashProvidedByUsedInOperatingActivitiesContinuingOperations)
  5. 10-K · period ending 2014-12-31 · accession 0001683168-17-000483 (NetCashProvidedByUsedInOperatingActivitiesContinuingOperations)
  6. 10-K · period ending 2024-12-31 · accession 0001213900-26-032486 (NetCashProvidedByUsedInOperatingActivities)
  7. 10-K/A · period ending 2013-12-31 · accession 0001019687-15-001304 (PaymentsToAcquirePropertyPlantAndEquipment)
  8. 10-K · period ending 2014-12-31 · accession 0001683168-17-000483 (PaymentsToAcquirePropertyPlantAndEquipment)
  9. 10-K · period ending 2013-12-31 · accession 0001019687-14-001048 (LongTermDebt)
  10. 10-K · period ending 2024-12-31 · accession 0001213900-26-032486 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)