Brightline Interactive, Inc./NV (GGRP) Form 10-K — Sep 28, 2026

$GGRPForm 10-KFiled Sep 28, 2026, 4:33 PM ET0001493152-26-044574Original filing

Brightline Interactive (formerly The Glimpse Group) filed its fiscal 2026 10-K disclosing going-concern doubt, with cash of $3.15 million and management stating cash may not fund operations for the next twelve months. Net loss widened to $16.64 million from $2.55 million, including a full $10.56 million goodwill impairment driven by halted U.S. Government funding and the collapse of revenue to $0.32 million, down 94% year over year.

Key figures

Revenue Yoy: -94%
Cash Position: 3150000
Shares outstanding: 2712351
Spa gross proceeds: $1.25 million
Accumulated deficit: $82.2 million
Goodwill impairment: $10.56 million
Prior year net loss: $2.55 million
Reverse split ratio: 1:8
Adjusted ebitda loss: $4.06 million
Gross profit margin fy2026: 59%
Top customer concentration: 78%
Market value non affiliates: $16,769,000

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