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ENFY • CIK 0000857949
Enlightify Inc., a Nevada corporation (‘we” or “the Company”), formerly known as “China Green Agriculture Inc.”), is primarily engaged in the research, development, production, and sale of various types of fertilizers and agricultural products through its wholly owned subsidiaries, Shaanxi TechTeam Jinong Humic Acid Product Co., Ltd. (“Jinong”), and Beijing Gufeng Chemical Products Co., Ltd., (“Gufeng”) in the People’s Republic of China (“PRC”), all of which are engaged in fertilizer production. Also, Tianjuyuan Fertilizer Co. Ltd (“Tianjuyuan”) is a subsidiary of Gufeng. In addition, we operate through variable interest entity (the “VIE”), Xi’an Hu County Yuxing Agriculture Technology Development Co., Ltd. (“Yuxing”), which is engaged in agricultural products production in PRC. Our primary business is fertilizer products, specifically humic acid-based compound fertilizer produced through Jinong; and compound fertilizer, blended fertilizer, organic compound fertilizer, slow-release fertilizers, highly concentrated water-soluble fertilizers, and mixed organic-inorganic compound fertilizer produced through Gufeng. In Yuxing, we develop and produce agricultural products such as top-grade fruits, vegetables, flowers, and colored seedlings. Besides agriculture, since March 2023, we have started to purchase digital assets mining machines and established Antaeus Tech Inc. (“Antaeus”) in the State of Delaware to mine digital assets, specifically Bitcoin, in the State of Texas. Through Antaeus, we produce or “mine” digital assets Bitcoin with a focus on the blockchain ecosystem and the generation of digital assets. As our core business, we generated $65,352,572 and $85,144,156 in fertilizer production, or 86.8% and 88.8% of our total revenues for the years ended June 30, 2025 and 2024, respectively. Our total annual production capacity was 555,000 metric tons as of June 30, 2025. As of June 30, 2025, we sold our products through a network of 639 regional distributors covering 22 provinces, 4 autonomous regions, and 4 central government-controlled municipalities in China. We do not rely on any single distributor. Our top five distributors accounted for approximately 21.4% of our fertilizer revenues for the fiscal year ended June 30, 2025. As of June 30, 2025, we have developed 111 different fertilizer products. We conduct our research and development activities through Yuxing, VIE associated with Jinong, which tests new fertilizers and grows high-quality flowers, vegetables, and seedlings for commercial sales. During the fiscal years ended June 30, 2025 and 2024, our revenues were $75,284,871 and $95,845,788, respectively; our net loss for these periods was $(15,602,160) and $(28,405,315), respectively. Recent Developments Establishment of Crypto Currency Mining Business On March 13, 2023, the Company established Antaeus Tech Inc. under the laws of the state of Delaware. From April 10, 2023, Antaeus started to purchase Bitmain Antminer S19 Pro mining machines and began mining crypto currency in West Texas. On December 27, 2023, the Company entered into a Stock Purchase Agreement with Mr. Zhibiao Pan for the purchase by the Company from Mr. Zhibiao Pan of all the outstanding stock of Lonestar Dream, Inc., a Delaware corporation (“Lonestar”). Mr. Zhibiao Pan served as the Co-Chief Executive Officer of the Company from August 2022 to November 2024 and is the sole shareholder of Lonestar. On June 13, 2025, the Company and Mr. Pan entered into a Mutual Rescission Agreement terminating the Stock Purchase Agreement. Consequently, the acquisition of Lonestar was terminated. 1 Our History The Company was incorporated under the laws of the state of Kansas on February 6, 1987 under the name Videophone, Inc. The Company had no operations from December 1996 to December 2007. In October 2007, the Company was reincorporated in the state of Nevada. On December 26, 2007, the Company acquired all the issued and outstanding capital stock of Green Agriculture Holding Corporation (“Green New Jersey”), through a share exchange (the “Share Exchange”). As a result of the Share Exchange, the Company owned 100% of Green New Jersey. The Share Exchange occurred simultaneously with a private placement of $20,519,255 on December 26, 2007. Green New Jersey was incorporated on January 27, 2007 under the laws of the State of New Jersey.…