First America Resources Corp.
- MEGR · OTC
- Wholesale-Electronic Parts & Equipment, NEC
- Morris, IL
- 60 employees
- CIK 0001525306
Updated from SEC filings through
Top things to know
Revenue, FY2025$18.8M+15.9% vs FY2024Operating margin-1.0%Operating income -$187KEmployees60As of December 31, 2025Next earningsNovember 15, 2026AnnouncedLatest 8-KAmendments to articles or bylaws; change in fiscal yearFiled October 2, 2026Leadership changeItem 5.02 filedSeptember 25, 2026, last 90 days
Executives
- Jian Li Chairman, CEO and CFO 10-K, 2026-04-01
First America Resources Corp is a U.S. public company in wholesale-electronic parts & equipment, nec (SIC 5065), headquartered in Morris, IL. It trades as MEGR on OTC. Revenue was $18.8M in the fiscal year ending December 31, 2025, +15.9% from the year before. It reported about 60 employees. Jian Li is Chairman, CEO and CFO.
Five-year financials
| Metric | FY2025 | FY2024 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|
| Revenue | $18.8M 10-K, 2026-04-01 | $16.2M 10-K, 2026-04-01 | $4K 10-K, 2024-09-30 | $0 10-K, 2024-09-30 | $0 10-K/A, 2024-04-12 |
| Operating income | -$187K 10-K, 2026-04-01 | $296K 10-K, 2026-04-01 | -$41K 10-K, 2024-09-30 | -$19K 10-K, 2024-09-30 | -$17K 10-K/A, 2024-04-12 |
| SG&A | $2.5M 10-K, 2026-04-01 | $2.1M 10-K, 2026-04-01 | $31K 10-K, 2024-09-30 | $19K 10-K, 2024-09-30 | $17K 10-K/A, 2024-04-12 |
| Net income | $3K 10-K, 2026-04-01 | $211K 10-K, 2026-04-01 | -$41K 10-K, 2024-09-30 | $81K 10-K, 2024-09-30 | -$17K 10-K/A, 2024-04-12 |
Annual figures from XBRL in each company's own filings. Click a figure to open the filing. SG&A marked derived is general and administrative plus selling and marketing.
Leadership and board
| Name | Title | Source |
|---|---|---|
| Jian Li | Chairman, CEO and CFO | 10-K, 2026-04-01 |
What First America Resources Corp does
First America Resources Corporation (the “Company,” “we,” “us,” or “our”) was incorporated in the State of Nevada in 2010 under the name Golden Oasis New Energy Group, Inc. In 2014, the Company changed its name to First America Resources Corporation.
Item 1. Business, 10-K for the year ending December 31, 2025
Shares and governance
| Shares outstanding | 88.0 million (as of August 13, 2026) | 10-Q, August 13, 2026 |
|---|---|---|
| Public float | $0 (as of June 30, 2025) | 10-K, April 1, 2026 |
| Auditor | Victor Mokuolu, CPA PLLC (Houston, Texas) | Latest 10-K |
Recent 8-K events
- 8-K filed 2026-10-02
- Item 5.03 Amendments to articles or bylaws; change in fiscal year
- 8-K filed 2026-09-25
- Item 5.02 Departure or appointment of directors or officers; compensation
- 8-K filed 2025-04-21
- Item 1.01 Entry into a material definitive agreement
- Item 2.01 Completion of acquisition or disposition of assets
- Item 3.02 Unregistered sales of equity securities
- Item 5.06 Item 5.06
- 8-K filed 2024-02-28
- Item 5.06 Item 5.06
- 8-K filed 2023-03-28
- Item 5.06 Item 5.06
- 8-K filed 2017-09-14
- Item 4.01 Changes in registrant's certifying accountant
- 8-K filed 2017-02-13
- Item 5.02 Departure or appointment of directors or officers; compensation
- 8-K filed 2013-07-10
- Item 5.03 Amendments to articles or bylaws; change in fiscal year
- 8-K filed 2013-02-08
- Item 5.01 Changes in control of registrant
- Item 5.02 Departure or appointment of directors or officers; compensation
- 8-K filed 2012-06-18
- Item 3.02 Unregistered sales of equity securities
Frequently asked questions about First America Resources Corp
- What does First America Resources Corp do?
- In its own words, from Item 1 of its 10-K: "First America Resources Corporation (the “Company,” “we,” “us,” or “our”) was incorporated in the State of Nevada in 2010 under the name Golden Oasis New Energy Group, Inc. In 2014, the Company changed its name to First America Resources Corporation."
- What is First America Resources Corp's revenue?
- $18.8M for the fiscal year ending December 31, 2025, from its 10-K filed April 1, 2026.
- Is First America Resources Corp profitable?
- First America Resources Corp reported net income of $3K for the fiscal year ending December 31, 2025.
- How many employees does First America Resources Corp have?
- About 60 as of December 31, 2025, as stated in its annual report.
- Who is the CEO of First America Resources Corp?
- Jian Li, Chairman, CEO and CFO, as named in a 10-K filed April 1, 2026.
- Who is the CFO of First America Resources Corp?
- Jian Li, Chairman, CEO and CFO, as named in a 10-K filed April 1, 2026.
- Where is First America Resources Corp headquartered?
- Morris, IL.
- What is First America Resources Corp's stock ticker?
- MEGR on OTC.
- What industry is First America Resources Corp in?
- Wholesale-Electronic Parts & Equipment, NEC, SIC code 5065.
- What is First America Resources Corp's website?
- america1stusa.vercel.app. Investor relations: https://investors.firstam.com/investors/overview/default.aspx.
- When does First America Resources Corp report earnings next?
- November 15, 2026. Source: estimate_10q_cadence.
- Is First America Resources Corp a public company?
- Yes. First America Resources Corp files with the SEC under CIK 0001525306 and trades as MEGR.
- Who audits First America Resources Corp?
- Victor Mokuolu, CPA PLLC, Houston, Texas, as named in its latest annual report (10-K).
- How many shares of First America Resources Corp are outstanding?
- 88.0 million shares as of August 13, 2026, from its 10-Q filed August 13, 2026.
- What is First America Resources Corp's public float?
- $0 as of June 30, 2025, as reported on the cover of its 10-K filed April 1, 2026.