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IFMK has yet to report its Form 10-K for the period ended March 31, 2021. Furthermore, as stated in its Form 8-K on October 27, 2021, the company is still preparing its financial statements for its fiscal year ended March 31, 2021, for the quarter ended June 30, 2021, and for the quarter ended September 30, 2021.
Also, Nasdaq had notified the company in September 2021 that due to its continued non-compliance with Nasdaq’s annual meeting and filing requirements, its securities were subject to delisting unless requested a hearing before a Nasdaq Hearings Panel. So, its near-term prospects look uncertain.
