AREB on OTC

AMERICAN REBEL HOLDINGS INC

AMERICAN REBEL HOLDINGS INC is an American miscellaneous fabricated metal products company based in Nashville.2 Its shares trade on OTC under the symbol AREB.2

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Last updated Oct 21, 2026.

Overview

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  • TickerAREB on OTC2
  • IndustryMiscellaneous Fabricated Metal Products2
  • HeadquartersBrentwood, United States2
  • Incorporated inNV3
  • Business address218 3Rd Avenue North, #400, Nashville, Tn 372013
  • Filer categoryNon-accelerated filer, Smaller reporting company3
  • Legal formCorporation2
  • LEI549300FMVBRLWQQTW2312
  • StatusActive2
  • LEI statusIssued and current2
  • Registered address601 E CHARLESTON BLVD STE 100, 89104 Las Vegas, United States2
  • Registered withBusiness Center (Secretary of State), E0625902014-32

Mississippi. American Rebel Light is a Premium Domestic Light Lager Beer – all-natural, crisp, clean and bold with a lighter feel.5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-2.1%Gross margin6
-155.0%Operating margin6
-360.5%Net margin6
-16.6%Revenue growth, 20256
-783.4%Return on equity6
-$7.6MFree cash flow6

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue99¢$9.7M
  • Research and development1¢$78.6K

Out of $9.5M in revenue.6 The company lost money this year.

Financial statements

Revenue78910116$9.5M in 2025+1679% since 2019
0$5.0M$10.0M$15.0M$20.0M2019: $535.1K$535.1K20192020: $1.3M$1.3M2020+135%2021: $986.8K$986.8K2021−21%2022: $7.9M$7.9M2022+705%2023: $16.0M$16.0M2023+101%2024: $11.4M$11.4M2024−29%2025: $9.5M$9.5M2025−17%
Gross profit78910116-$197.8K in 2025
-$1.0M0$1.0M$2.0M2019: $156.0K$156.0K20192020: $303.2K$303.2K2020+94%2021: $174.7K$174.7K2021−42%2022: -$807.0K-$807.0K20222023: $1.8M$1.8M20232024: -$119.6K-$119.6K20242025: -$197.8K-$197.8K2025+65%
Operating income78910116-$14.8M in 2025+146% since 2019
-$15.0M-$10.0M-$5.0M02019: -$6.0M-$6.0M20192020: -$2.8M-$2.8M2020−54%2021: -$3.3M-$3.3M2021+19%2022: -$8.0M-$8.0M2022+142%2023: -$8.8M-$8.8M2023+10%2024: -$12.2M-$12.2M2024+39%2025: -$14.8M-$14.8M2025+21%
Net income78910116-$34.3M in 2025+352% since 2019
-$40.0M-$30.0M-$20.0M-$10.0M02019: -$7.6M-$7.6M20192020: -$6.0M-$6.0M2020−21%2021: -$6.1M-$6.1M2021+2%2022: -$10.1M-$10.1M2022+65%2023: -$9.7M-$9.7M2023−4%2024: -$17.6M-$17.6M2024+81%2025: -$34.3M-$34.3M2025+95%

Every line of the income statement as filed: the last 2 fiscal years, latest first.6

Period ending2025-12-312024-12-31
Revenue$9.5M$11.4M
Cost of goods sold$9.7M$11.5M
Gross margin-$197.8K-$119.6K
Consulting/payroll and other costs$3.2M$2.0M
Compensation expense officers deferred comp related party$531.3K$656.2K
Rental expense, warehousing, outlet expense$179.6K$468.7K
Product development costs$78.6K$385.8K
Marketing and brand development costs$4.6M$2.4M
Administrative and other$5.6M$6.0M
Depreciation and amortization expense$248.9K$145.5K
Total operating expenses$14.6M$12.1M
Operating loss-$14.8M-$12.2M
Interest expense-$2.5M-$4.0M
Interest income$1.6K$1.4K
Gain/(loss) on sale of equipment$6.2K
Other income$14.3K
Loss on debt extinguishment-$14.0M-$1.4M
Remeasurement and loss on settlement of liabilities-$3.1M
Net income (loss) before income tax provision-$34.3M-$17.6M
Net income (loss)-$34.3M-$17.6M
Basic income (loss) per share-$63,214.16-$12,276,404.46
Diluted income (loss) per share-$63,214.16-$12,276,404.46
Weighted average common shares outstanding - basic543 shares1 shares
Weighted average common shares outstanding - diluted543 shares1 shares

Compare AMERICAN REBEL HOLDINGS INC with another company

Corporate structure

AMERICAN REBEL HOLDINGS INC sits at the top of its group. 2 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of AMERICAN REBEL HOLDINGS INC

  • INTRACOASTAL CAPITAL, LLC Filed SCHEDULE 13G/A on AMERICAN REBEL HOLDINGS INC, latest Aug 12, 2025 (2 filings since Apr 14, 2025)
  • Kingdom Building, Inc. Filed SCHEDULE 13D/A on AMERICAN REBEL HOLDINGS INC, latest May 1, 2025 (7 filings since Aug 19, 2024)
  • ARMISTICE CAPITAL, LLC Filed SC 13G/A on AMERICAN REBEL HOLDINGS INC, latest Nov 14, 2024 (2 filings since Feb 14, 2024)
  • Horberg Enterprises, LP Filed SC 13G/A on AMERICAN REBEL HOLDINGS INC, latest Apr 22, 2022 (2 filings since Feb 14, 2022)
  • Douglas Edward Grau Filed SC 13G/A on AMERICAN REBEL HOLDINGS INC, latest Feb 18, 2022
  • Ronald Anthony Smith Filed SC 13D/A on AMERICAN REBEL HOLDINGS INC, latest Feb 18, 2022
  • AMERICAN REBEL HOLDINGS INC Brentwood, Tennessee, United States
    • Champion Safe De Mexico, S.A. de C.V. Subsidiary · Mexico

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What AMERICAN REBEL HOLDINGS INC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$15.0M6 Dec 31, 2025$765.1K6 Dec 31, 2024+1864.9%
Accumulated depreciation$688.7K6 Dec 31, 2025$490.9K6 Dec 31, 2024+40.3%
Property and equipment, net$14.3M6 Dec 31, 2025$274.2K6 Dec 31, 2024+5131.5%
Operating-lease assets (leased space)$2.2M6 Dec 31, 2025$2.9M6 Dec 31, 2024−22.7%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$147.6K6 Dec 31, 2025$287.5K6 Dec 31, 2024−48.7%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$400.0K6 Dec 31, 2025$450.0K6 Dec 31, 2024−11.1%

Inventory

ItemLatestA year beforeChange
Inventory, total$2.8M6 Dec 31, 2025$4.6M6 Dec 31, 2024−39.5%
Raw materials$1.6M6 Dec 31, 2025$2.0M6 Dec 31, 2024−20.7%
Finished goods$1.7M6 Dec 31, 2025$2.9M6 Dec 31, 2024−42.0%

Properties, in its own words

American Rebel and Champion Safe Facilities

Headquarters for the Champion Entities (Champion, Superior and Safe Guard) are located in Provo, Utah. These entities lease the following locations:

The rest of Item 2

Location · Square Feet · Use · Lessee/Occupant · Lease Expiration

2055 S. Tracy Hall Parkway Provo, Utah 84606** · 20,000 · Manufacturing · December 31, 2026

2813 S Sierra Vista Way, Provo, Utah 84606* · 8,000 · Executive Offices and Factory Sales Outlet · December 31, 2027

2813 S Sierra Vista Way, Suite 2 Provo, Utah 84606 · 16,000 · Warehouse · December 31, 2027

Champion Safe

792 N. Gilbert Road, Suite 102 Gilbert, Arizona 85233 · 2,600 · Retail Sales · Company, Inc. · June 30, 2026

17455 N. Black Canyon Highway Phoenix, Arizona 85023 · 2,400 · Retail Sales · February 28, 2031

Av. Alvaro Obregon 6745, California, 84065 Nogales, Sonora, Mexico · 73,659 · Manufacturing · Champion Safe De Mexico, S.A. DE C.V. · August 31, 2029

8500 Marshall Drive, Lenexa, Kansas 66214 · 15,800 · Warehouse and Retail Sales · American Rebel, Inc. · July 31, 2028

218 3rd Avenue North, #400, Nashville, Tennessee 37201 · Corporate Headquarters · American Rebel Holdings, Inc. · N/A***

* Leased from Champion Holdings, LLC, a company owned by former Champion founder, owner and Chief Executive Officer, Mr. Crosby.

** Leased from Utah–Tennessee Holding Company, LLC, a company owned by former Champion founder, owner and Chief Executive Officer, Mr. Crosby.

*** On September 15, 2025, the Company entered into a membership interest purchase agreement with 218 LLC, whose sole asset is the building located at 218 3rd Avenue North, Nashville, Tennessee 37201. The Company utilizes the fourth floor of the building for its corporate headquarters.

As part of the acquisition of the Champion Entities, several long-term leases were held with the Seller, Mr. Crosby through his ownership in two limited liability companies. These long-term leases were considered fair value as Mr. Crosby provided rental space at what was deemed market value or what could have been negotiated in an arm’s length transaction. Please review the footnotes to our Consolidated Financial Statements for further disclosure on the leases the Company is obligated to the Seller of the Champion Entities.

Recently the Company and Mr. Crosby, through his limited liability companies, entered into several short-term extensions on the leased properties. With the extensions of the leases the Company and the limited liability companies generally increased the base rent to be paid by an average of 10% due to inflation. The Company negotiated these extensions and other terms in an arm’s length manner.

The Company believes these facilities are currently adequate for its needs, including providing the space and infrastructure to accommodate its development work based on its operating plans. For the foreseeable future, the Company may lease or license additional facilities for manufacturing, corporate offices and other functions. The Company believes that suitable facilities will be available on commercially reasonable terms to accommodate the foreseeable expansion of our operations and warehousing requirements.

Item 2 of the 10-K filed Mar 31, 2026.5

Leadership

Who has led AMERICAN REBEL HOLDINGS INC, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (3)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Chief Executive Officer, Chairman of the Board, Principal Executive Officer, and TreasurerCharles A. Ross, Jr. named Jul 14, 202219
  • Chief Operating OfficerRonald A. Smith named Jul 14, 202219
  • DirectorMichael Dean Smith named Jul 14, 202219

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Champion Safe De Mexico, S.A. de C.V. Mexico4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • CUBESCAPE INCAug 4, 2015 to Jan 5, 20173

Timeline

  1. Oct 14, 20268-K Entered a material agreement; Ended a material agreement; New debt or obligation20
  2. Sep 17, 20268-K Entered a material agreement; Unregistered sale of shares; Executive or director change21
  3. Sep 9, 20268-K Entered a material agreement; New debt or obligation; Unregistered sale of shares22
  4. Aug 31, 20268-K Entered a material agreement; New debt or obligation; Unregistered sale of shares23
  5. Aug 7, 20268-K Entered a material agreement; New debt or obligation; Unregistered sale of shares24
  6. Aug 4, 20268-K Entered a material agreement; New debt or obligation; Unregistered sale of shares25
  7. Jul 21, 20268-K Entered a material agreement; New debt or obligation; Unregistered sale of shares26
  8. Jul 2, 20268-K Entered a material agreement; New debt or obligation; Unregistered sale of shares27
  9. Jun 18, 20268-K Entered a material agreement; New debt or obligation; Unregistered sale of shares28
  10. May 8, 20268-K Entered a material agreement; Unregistered sale of shares29
  11. Apr 29, 20268-K Entered a material agreement; Unregistered sale of shares; Regulation FD disclosure30
  12. Apr 9, 20268-K Unregistered sale of shares; Regulation FD disclosure31
  13. Dec 15, 2014Founded AMERICAN REBEL HOLDINGS INC is founded2

Filings

324 filings to the SEC since October 2021: 8 annual reports, 15 quarterly reports, 120 major events, 27 insider forms, 15 large holders, 1 private raises, 138 other. The latest 20:

  1. Oct 14, 20268-K EDGAR
  2. Sep 28, 20264 PRIMARY DOCUMENT EDGAR
  3. Sep 17, 20268-K EDGAR
  4. Sep 14, 20264 PRIMARY DOCUMENT EDGAR
  5. Sep 9, 20268-K EDGAR
  6. Aug 31, 20268-K EDGAR
  7. Aug 10, 202610-Q EDGAR
  8. Aug 7, 20268-K EDGAR
  9. Aug 6, 2026144 EDGAR
  10. Aug 4, 20268-K EDGAR
  11. Jul 21, 20268-K EDGAR
  12. Jul 14, 202625-NSE EDGAR
  13. Jul 2, 20268-K EDGAR
  14. Jun 18, 20268-K EDGAR
  15. Jun 2, 2026DEF 14A EDGAR
  16. May 21, 2026PRER14A EDGAR
  17. May 13, 202610-Q EDGAR
  18. May 8, 20268-K EDGAR
  19. May 8, 2026424B2 EDGAR
  20. May 8, 2026424B2 EDGAR

The 324 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

31 open-market trades by officers, directors and large owners since October 2021: 1 buys and 30 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 30, 2025Ross Charles Andrew JRCEOSale175,000$0.94$164.5KForm 4
Sep 30, 2025LAMBRECHT COREY ALLENPresident, COOSale165,049$0.97$160.1KForm 4
Sep 30, 2025LAMBRECHT COREY ALLENPresident, COOSale165,049$0.97$160.1KForm 4
Sep 25, 2025Ross Charles Andrew JRCEOSale175,000$1.04$182.0KForm 4
Sep 23, 2025LAMBRECHT COREY ALLENPresident, COOSale175,000$1.16$203.0KForm 4
Sep 23, 2025LAMBRECHT COREY ALLENPresident, COOSale175,000$202,387.42$35.4BForm 4
Apr 7, 2025HRT FINANCIAL LP10% ownerSale181,652$13.31$2.4MForm 4
Apr 4, 2025HRT FINANCIAL LP10% ownerBuy230,223$12.06$2.8MForm 4
Sep 30, 2024Kingdom Building, Inc.10% ownerSale696,799$0.53$369.3KForm 4
Sep 26, 2024Kingdom Building, Inc.10% ownerSale19,874$0.49$9.7KForm 4
Sep 25, 2024Kingdom Building, Inc.10% ownerSale56,097$0.49$27.5KForm 4
Sep 24, 2024Kingdom Building, Inc.10% ownerSale140,824$0.49$69.0KForm 4
Sep 23, 2024Kingdom Building, Inc.10% ownerSale3,763$0.49$1.8KForm 4
Sep 20, 2024Kingdom Building, Inc.10% ownerSale7,290$0.49$3.6KForm 4
Sep 19, 2024Kingdom Building, Inc.10% ownerSale33,674$0.49$16.5KForm 4
Sep 18, 2024Kingdom Building, Inc.10% ownerSale59,164$0.49$29.0KForm 4
Sep 17, 2024Kingdom Building, Inc.10% ownerSale142,033$0.49$69.6KForm 4
Sep 16, 2024Kingdom Building, Inc.10% ownerSale9,665$0.50$4.8KForm 4
Sep 13, 2024Kingdom Building, Inc.10% ownerSale115,800$0.50$57.9KForm 4
Sep 12, 2024Kingdom Building, Inc.10% ownerSale170,180$0.50$85.1KForm 4

All 31 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Charles A. RossJr.59$351.3K$614.8K38
2025Corey Lambrecht56$285.7K$499.8K38
2025Darin Fielding53$232.1K$282.1K38
2025Doug E. Grau$130.0K38
2024Chief Executive Officer$341.8K$598.1K38
2024President and COO$277.7K$485.9K38
2024Former President$277.7K$277.7K38
2024Interim Principal Accounting Officer$181.7K38

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Jul 12, 2022Raised $13 million in a private offering of equity Form D: 1 investor so far Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Harbour Investments, Inc.2$10.0%New
Farther Finance Advisors, LLC1$00.0%New

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How AMERICAN REBEL HOLDINGS INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARAMERICAN REBEL HOLDINGS INC1
  • CIK0001648087
  • Employer ID (EIN)47-38929035
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; a shell company5
  • Incorporated innevada5
  • Fiscal year endsDecember 311
  • Industry code (SIC)3490 Miscellaneous Fabricated Metal Products1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business address218 3Rd Avenue North, #400, Nashville, TN 372011
  • Phone833-267-32351
  • Shares outstanding28,489,850 as of Aug 10, 202613
  • Public float$8.6M as of Jun 30, 20255
  • AuditorGBQ Partners LLC, Columbus, Ohio PCAOB ID 1808; no auditor attestation of internal control over financial reporting5
  • On EDGAR sinceAug 4, 20151
  • Filings422 in all: 8-K (133), CORRESP (36), 10-Q (33), UPLOAD (20), 4 (15), EFFECT (13), NT 10-Q (13), S-1/A (12)1
    All 51 form types

    10-K (11), DEF 14C (11), PRE 14C (11), S-1 (10), 3 (9), 424B2 (7), 10-K/A (6), 8-K/A (6), NT 10-K (6), 144 (5), SC 13D/A (5), SC 13G/A (5), 10-Q/A (4), POS AM (4), PRER14C (4), SC 13G (4), 1-U (3), 424B3 (3), DEF 14A (3), 1-A/A (2), 4/A (2), D (2), PRE 14A (2), SC 13D (2), SCHEDULE 13D/A (2), 1-A (1), 25-NSE (1), 253G2 (1), 424B4 (1), 5 (1), 8-A12B (1), 8-A12G (1), CERT (1), PRER14A (1), QUALIF (1), S-3 (1), S-3/A (1), S-8 (1), S-8 POS (1), SC 14F1 (1), SC 14F1/A (1), SCHEDULE 13G (1), SCHEDULE 13G/A (1)

  • Latest filingsAnnual report (10-K) Mar 31, 2026
    Quarterly report (10-Q) Aug 10, 2026
    Proxy statement (DEF 14A) Jun 2, 2026
    Latest 8-K (8-K) Oct 14, 2026

Securities registered for trading

ClassSymbolExchange
Common StockAREBThe Nasdaq Stock Market LLC
Common Stock Purchase WarrantsAREBWThe Nasdaq Stock Market LLC

From the cover page of the 10-K filed Mar 31, 2026 (Section 12(b) of the Exchange Act).5

Risk factors and legal proceedings

The risks AMERICAN REBEL HOLDINGS INC names in Item 1A of its 10-K filed Mar 31, 2026: 57 risks under these headings, as written.5

  • RISKS RELATED TO THE BEER INDUSTRY
  • We face substantial competition within the beer industry.
  • The global beer industry and the broader alcohol industry are constantly evolving, and our position within these industries and the success of our products in our markets may fundamentally change. If we do not successfully transform along with the evolving industries, market dynamics and consumer preferences, our business and financial results could be materially adversely affected.
  • Changes in public attitudes and drinker tastes could harm our business. Regulatory changes in response to public attitudes could adversely affect our business.
  • We are dependent on distributors.
  • Failure of our distributors to distribute our products adequately within their territories or any “under-investment” by our distributors in our brands could result in deteriorating operating performance.
  • The success of our business relies heavily on brand image, reputation, product quality and protection of intellectual property.
  • Loss, operational disruptions or closure of a major brewery or other key facility, including those of our suppliers, due to unforeseen or catastrophic events or otherwise, could have a material adverse effect on our business and financial results.
  • Failure to maintain adequate inventory levels would negatively impact operational profitability.
  • RISKS RELATED TO THE SAFE INDUSTRY
  • As a significant portion of our revenues is derived by demand for our safes and personal security products for firearms storage purposes, we depend on the availability and regulation of firearm/ammunition storage, as well as various economic, social and political factors.
  • A majority of our safes are built in Mexico. Our financial results may be affected by new tariffs or border adjustment taxes or other import restrictions.
The other 47 risks
  • Shortages of components and materials, as well as supply chain disruptions, may delay or reduce our sales and increase our costs, thereby harming our results of operations.
  • The sales of our safes are dependent in large part on the sales of firearms.
  • We do not have long-term purchase commitments from our customers, and their ability to cancel, reduce, or delay orders could reduce our revenue and increase our costs.
  • We face intense competition that could result in our losing or failing to gain market share and suffering reduced sales.
  • RISKS RELATED TO OUR BUSINESS AND INDUSTRY
  • Our success depends upon our ability to introduce new products that track customer preferences.
  • Our advertising and promotional investments may affect the Company’s financial results but not be effective.
  • Our business depends on maintaining and strengthening our brand, as well as our reputation as a producer of high-quality goods, to maintain and generate ongoing demand for our products, and any harm to our brand could result in a significant reduction in such demand which could materially adversely affect our results of operations.
  • We have a limited operating history on which you can evaluate our company.
  • We are highly dependent on Charles A. Ross, our Chief Executive Officer. The loss of our Chief Executive Officer, whose knowledge, leadership and industry reputation upon which we rely, could harm our ability to execute our business plan.
  • We cannot predict when we will achieve profitability.
  • We have limited financial resources. Our independent registered auditor’s report includes an explanatory paragraph stating that there is substantial doubt about our ability to continue as a going concern.
  • We have identified several material weaknesses in our internal control over financial reporting. If we are unable to remediate these weaknesses, or otherwise fail to maintain proper and effective internal controls, our ability to produce timely and accurate financial statements could be impaired, which could adversely affect our operating results, our ability to operate our business, our stock price and access to the capital markets.
  • We restated certain of our previously issued consolidated financial statements, which resulted in unanticipated costs and may affect investor confidence and raise reputational issues.
  • Absent relief, as a result of our failure to timely file a periodic report with the SEC, we are currently ineligible to continue to use or file short form shelf registration statements on Form S-3, which may impair our ability to raise capital on terms favorable to us, in a timely manner or at all.
  • Our failure to timely file certain periodic reports with the SEC and our prior restatements have had, and may in the future have further, material adverse consequences to our business, our financial condition, results of operations and our cash flows.
  • We will need additional capital and continued access to operating lines of credit in the future to finance our planned growth, which we may not be able to raise or it may only be available on terms unfavorable to us or our stockholders, which may result in our inability to fund our working capital requirements and harm our operational results.
  • Our financial results may be affected by tariffs or border adjustment taxes or other import restrictions.
  • An inability to expand our e-commerce business and sales organization to effectively address existing and new markets that we intend to target could reduce our future growth and impact our business and operating results.
  • We sell products that create exposure to potential product liability, warranty liability, or personal injury claims and litigation.
  • Despite our indebtedness levels, we are able to incur substantially more debt. This could further increase the risks associated with its leverage.
  • At this stage of our business operations, even with our good faith efforts, investors in our company may lose some or all of their investment.
  • Product defects could adversely affect the results of our operations.
  • We could be exposed to significant liability claims if we are unable to obtain insurance at acceptable costs and adequate levels or otherwise protect ourselves against potential product liability claims.
  • We will not be profitable unless we can demonstrate that our products can be manufactured at low prices.
  • War, terrorism, other acts of violence or natural or manmade disasters such as a pandemic, epidemic, outbreak of an infectious disease or other public health crisis may affect the markets in which we operate, our customers, our delivery of products and customer service, and could have a material adverse impact on our business, results of operations, or financial costs condition.
  • The costs of being a public company could result in us being unable to continue as a going concern.
  • Any acquisitions that we potentially undertake will involve significant risks, and any acquisitions that we undertake in the future could disrupt our business, dilute stockholder value, and harm our operating results.
  • We may not be able to successfully fund future acquisitions of new businesses due to the lack of availability of debt or equity financing on acceptable terms, which could impede the implementation of our acquisition strategy and materially adversely impact our financial condition, business and results of operations.
  • The industries in which we operate are competitive, price sensitive and subject to risks of governmental regulations or laws. If our competitors are better able to develop and market products that are more effective, less costly, easier to use, or are otherwise more attractive, we may be unable to compete effectively with other companies.
  • Our industry could experience greater scrutiny and regulation by governmental authorities, which may lead to greater governmental regulation in the future.
  • RISKS RELATED TO OUR LEGAL AND REGULATORY ENVIRONMENT
  • Failure to comply with applicable laws and changing legal and regulatory requirements could harm our business and financial results.
  • Our ability to use our net operating loss carryforwards and certain other tax attributes may be limited.
  • If we are unable to protect our intellectual property, we may lose a competitive advantage or incur substantial litigation costs to protect our rights.
  • We are subject to the periodic reporting requirements of Section 15(d) and 12(g) of the Exchange Act that require us to incur audit fees and legal fees in connection with the preparation of such reports. These additional costs could reduce or eliminate our ability to earn a profit.
  • We have identified a material weakness in our internal control over financial reporting which could, if not remediated, result in material misstatements in our financial statements.
  • We may face litigation and other risks as a result of the material weaknesses in our internal control over financial reporting.
  • RISKS RELATED TO AN INVESTMENT IN OUR SECURITIES
  • Stockholders’ voting power and ownership interest may be diluted significantly through our efforts to obtain financing and satisfy obligations through issuance of additional shares.
  • Our board of directors has the authority, without stockholder approval, to issue additional series of preferred stock with terms that may not be beneficial to Common Stockholders and with the ability to affect adversely stockholder voting power and perpetuate their control over us.
  • Our common stock may be affected by limited trading volume and our share price may be volatile, which could adversely impact the value of our common stock.
  • Short sellers of our common stock may drive down the market price of our common stock.
  • We may not be able to maintain a listing of our common stock on the Nasdaq Capital Market.
  • Warrants are speculative in nature.
  • Provisions of the Warrants sold in our public and private offerings could discourage an acquisition of us by a third party.
  • Our executive officers and directors, and their affiliated entities, although they own an insignificant percentage of our common stock, hold super voting preferred stock will allow them to be able to exert significant control over matters subject to stockholder approval.
  • Certain provisions of our second amended and restated articles of incorporation may make it more difficult for a third party to effect a change-of-control.
  • We do not anticipate that we will pay dividends on our common stock and, consequently, your ability to achieve a return on your investment will depend on appreciation in the price of our common stock.
  • We are a smaller reporting company and will be exempt from certain disclosure requirements, which could make our common stock less attractive to potential investors.

Legal proceedings

From time to time, we may become involved in various lawsuits and legal proceedings, which arise in the ordinary course of business. However, litigation is subject to inherent uncertainties, and an adverse result in these or other matters may arise from time to time that may harm business.

Liberty Safe

On July 23, 2024, the Company received notice of a complaint filed in the U.S. District Court for the District of Utah by Liberty Safe and Security Products, Inc. (“Liberty”), in connection with the marketing and sale of the Company’s and its subsidiaries, Champion Safe Company, Inc., line of safe products. In the complaint, Liberty alleged trademark infringement as a result of the purported use of the term “Freedom” in the sale of safes, federal false designation of origin and unfair competition, violation of Utah deceptive trade practices, Utah unfair competition, and damages to Liberty. The Company settled this matter in December 2025.

Bank of America

The opening of Item 3, Legal Proceedings.5

Sources

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