Groove Botanicals Inc (GRVE) is a shell-stage company that has stated an intention to enter the electric vehicle battery market but had generated no revenue as of its fiscal year ended March 31, 2025. The company has no operational revenue model in place; its cash needs are met entirely through financing activities, which provided $107,776 in FY2025. Originally incorporated in Colorado on April 25, 1991 under the name Snow Runner (USA) Inc., the company has passed through multiple name and business changes, including Snow Runner Inc., Sled Dogs Company, XDOGS.COM Inc., XDOGS Inc., and Avalon Oil and Gas Inc., before adopting its current name. Total operating expenses were $130,834 for FY2025, down from $266,581 in FY2024, consisting entirely of selling, general and administrative expenses, rent, and legal and professional fees. The net loss attributable to common shareholders was $349,304 for FY2025, after accrued preferred stock dividends of $218,470.

Revenue model

No revenue was reported in the 10-K for the fiscal year ended March 31, 2025. Operations are funded through financing activities.

Products and services

No products or services are currently offered. The 10-K describes an intention to enter the EV battery industry; the company states it does not own any patents or technologies related to that industry as of the filing date.

Customers and end markets

No customers or end markets are disclosed. The stated target market is the electric vehicle battery sector.

Value-chain role

Pre-revenue shell company with no defined value-chain position. Historically cycled through snow skates, oil and gas, and now a stated EV battery focus.

Geographic exposure

Incorporated in Nevada; originally incorporated in Colorado. No operating geography disclosed in the excerpts.

Source: SEC 10-K, filed 2025-07-16

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