Theglobe.com, Inc.

TGLO: 10-Q · periodic report

theglobe.com, inc. filed its Q2 2026 Form 10-Q reporting zero revenue and a net loss of $65,778 for the quarter, versus $56,879 a year earlier, with the six-month loss widening to $123,504 from $112,669. The company has been a shell with no material operations since selling its Tralliance business in 2008, so costs consist almost entirely of public company overhead and interest on related-party debt. The filing discloses substantial doubt about the company's ability to continue as a going concern. Cash stood at just $15,115 at June 30, 2026 against $1,848,183 in total current liabilities, current liabilities exceed total assets, and the stockholders' deficit reached $1,833,068 on top of a $298.9 million accumulated deficit. Majority stockholder Delfin Midstream LLC, which owns about 70.9% of the common stock, continues to fund the company through a demand promissory note that was increased to $1,304,000 in May 2026 and carries 8% interest, with $510,135 of accrued interest outstanding. Management anticipates continued Delfin funding over the next twelve months as it determines the direction of the company, meaning survival rests entirely on Delfin's ongoing support and forbearance.

SEC 10-Q•2mo ago

TGLO: 10-Q · periodic report

theglobe.com reported a net loss of $57,726 for the quarter ended March 31, 2026, with zero revenue as the company continues to operate as a shell company with no material operations. General and administrative expenses remained consistent year-over-year at approximately $33,000. The company disclosed substantial doubt about its ability to continue as a going concern within the next twelve months, noting that current liabilities exceed total assets and internal cash flows are insufficient to meet obligations. Management stated it intends to avoid bankruptcy but relies on raising additional capital. To support working capital, the company is dependent on loans from its majority stockholder, Delfin Midstream LLC. The related party debt stood at $1,256,000 as of March 31, 2026, and was subsequently amended to $1,304,000 on May 16, 2026.

SEC 10-Q•5mo ago

TGLO: NT 10-Q · late filing

TheGlobe.com, Inc. filed a Notification of Late Filing (NT 10-Q) on May 15, 2026, stating it is unable to file its quarterly report for the period ended March 31, 2026, on time. The company cited 'unanticipated delays' as the reason for the inability to complete the preparation of the Form 10-Q within the prescribed timeframe. Frederick Jones, who serves as CEO, CFO, and sole board member, signed the notification, indicating a lack of separation of duties and potential governance risks alongside the filing delay.

SEC NT 10-Q•5mo ago