Greenland Mines Ltd 2026年季度报告

FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2026 or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period fromto Commission file number: 001-41340 GREENLAND MINES LTD(Exact name of registrant as specified in its charter) (Former name, former address and former fiscal year, if changed since last report) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ As of May 20, 2026, there were 121,238,660 shares of the registrant’s common stock, $0.0001 par value, issued and outstanding. GREENLAND MINES LTD(formerly known as KLOTHO NEUROSCIENCES, INC.)FORM 10-Q FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2026 TABLE OF CONTENTS PART I.FINANCIAL INFORMATION1ITEM 1.Financial Statements1Condensed Consolidated Balance Sheets at March 31, 2026 (Unaudited) and December 31, 20251Unaudited Condensed Consolidated Statements of Operations for the Three Months Ended March 31, 2026and 20252Unaudited Condensed Consolidated Statements of Changes in Stockholders’ Equity (Deficit) for the ThreeMonths Ended March 31, 2026 and 20253Unaudited Condensed Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2026and 20254Notes to Unaudited Condensed Consolidated Financial Statements5ITEM 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations24ITEM 3.Quantitative and Qualitative Disclosures about Market Risk27ITEM 4.Controls and Procedures28PART II.OTHER INFORMATION29ITEM 1.Legal Proceedings29ITEM 1A.Risk Factors29ITEM 2.Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities29ITEM 3.Defaults Upon Senior Securities29ITEM 4.Mine Safety Disclosures29ITEM 5.Other Information29ITEM 6.Exhibits29SIGNATURES30 PART I. FINANCIAL INFORMATION GREENLAND MINES LTD(formerly known as KLOTHO NEUROSCIENCES, INC.)CONDENSED CONSOLIDATED BALANCE SHEETS Current assets:Cash and cash equivalents$ 10,002,477$7,176,615Prepaid expenses867,018117,071Other current assets62,147-Total current assets10,931,6427,293,686 Preferred stock, par value $0.0001, 100,000,000 shares authorized; 47,940 and 0 issued andoutstanding as of March 31, 2026 and December 31, 2025, respectively5-Common stock, par value $0.0001, 1,000,000,000 shares authorized; 121,238,660 and 72,536,722shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively12,1247,254Common stock to be issued-516,000Additional paid-in capital86,428,10730,054,695Accumulated deficit(34,971,676)(21,114,473)Total stockholders’ equity51,468,5609,463,476Total liabilities and stockholders’ equity$ 59,737,093$9,593,240 Proceeds from sale of securities, net of offering costs7,750,000-Proceeds from convertible promissory note, net of issuance cost-2,075,000Payments for deferred financing costs-(25,000)Proceeds from FPA settlement412,32946,100Payments on financed director and officer insurance-(40,225)Net cash provided by financing activities$8,162,329$2,055,875 SUPPLEMENTAL NON-CASH FINANCING AND INVESTING ACTIVITIES:Note payable settled with issuance of common stock $-$326,087Interest payable settled with issuance of common stock$-$22,826Issuance of warrants$-$679,577Non-cash acquisition of mineral licenses with preferred shares$ 48,416,474$- SUPPLEMENTAL CASH FLOW INFORMATION:Interest Paid See accompanying notes to the unaudited condensed consolidated financial statements. GREENLAND MINES LTD(formerly known as KLOTHO NEUROSCIENCES, INC.)NOTES TO THE UNAUDITED C