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Private company

BLACKSTAR ENTERPRISE GROUP, INC.

BLACKSTAR ENTERPRISE GROUP, INC. is an American finance services company that raised $419,000 in 2023 (SEC Form D).1 It is headquartered in Boulder, Colorado.1

Last updated Oct 21, 2026.

Overview

  • IndustryFinance Services1
  • HeadquartersBoulder, Colorado1
  • Incorporated inDE2
  • Business address4450 Arapahoe Ave., Suite 100, Boulder, Co 803032
  • Filer categoryNon-accelerated filer, Smaller reporting company, Emerging growth company2
  • Legal formCorporation

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“we,” “our,” “BlackStar,” or the “Company” are to BlackStar Enterprise Group, Inc.3 From its latest annual report

Financials

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

Financial statements

Operating income4-$380.9K in 2019+6% since 2018
-$400.0K-$300.0K-$200.0K-$100.0K02018: -$358.0K-$358.0K20182019: -$380.9K-$380.9K2019+6%
Net income456789-$1.5M in 2024+268% since 2018
-$3.0M-$2.0M-$1.0M02018: -$411.4K-$411.4K20182019: -$879.3K-$879.3K2019+114%2020: -$1.6M-$1.6M2020+78%2021: -$2.2M-$2.2M2021+39%2022: -$1.2M-$1.2M2022−44%2023: -$917.1K-$917.1K2023−25%2024: -$1.5M-$1.5M2024+65%
Fiscal year20182019202020212022202320242025
Cost of revenue$1.1K13
Selling, general and admin$40.5K4$40.4K5$59.6K6$460.8K6
Operating expenses$907.5K7$484.0K8$527.0K9$1.0M9
Operating income-$358.0K4-$380.9K4
Interest$3834$80.2K5$76.8K5
Income before tax$2.2M6
Net income-$411.4K4-$879.3K5-$1.6M6-$2.2M7-$1.2M8-$917.1K9-$1.5M9
Earnings per share-$0.027-$0.018-$0.009-$0.009
Earnings per share (diluted)-$0.027-$0.018-$0.009-$0.009
Shares (weighted, basic)117.2M shares7272.0M shares8968.7M shares91.7B shares9
Shares (weighted, diluted)117.2M shares7272.0M shares8968.7M shares91.7B shares9

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Corporate structure

BLACKSTAR ENTERPRISE GROUP, INC. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of BLACKSTAR ENTERPRISE GROUP, INC.

  • INTERNATIONAL HEDGE GROUP, INC. Filed SC 13D/A on BLACKSTAR ENTERPRISE GROUP, INC., latest Jul 1, 2022
  • John N. Harris Filed SC 13D/A on BLACKSTAR ENTERPRISE GROUP, INC., latest Jul 1, 2022
  • Joseph E. Kurczodyna Filed SC 13D/A on BLACKSTAR ENTERPRISE GROUP, INC., latest Jul 1, 2022
  • BLACKSTAR ENTERPRISE GROUP, INC. Boulder, Colorado

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What BLACKSTAR ENTERPRISE GROUP, 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
Computer equipment and software$193.1K9 Dec 31, 2024$140.0K9 Dec 31, 2023+37.9%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$3.6K9 Dec 31, 2024$33.5K9 Dec 31, 2023−89.1%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$394.8K9 Dec 31, 2024$348.7K9 Dec 31, 2023+13.2%
Accumulated amortization$7.0K9 Dec 31, 2024
Finite-lived intangibles, net$394.8K9 Dec 31, 2024$348.7K9 Dec 31, 2023+13.2%
Patents, net$208.7K9 Dec 31, 2024$208.7K9 Dec 31, 20230%

Properties, in its own words

DESCRIPTION OF PROPERTIES/ASSETS

Real Estate - None

The rest of Item 2

Oil and Gas Properties - None

Patents – See below

Trademarks - BlackStar Digital Trading Platform TM, BDTPTM, B. E. T. TM, Blockchain First TM

Our executive offices are located in Boulder, Colorado. We do not own any real property but lease office space. We believe that substantially all of our property and equipment is in good condition, subject to normal wear and tear, and that our facilities have sufficient capacity to meet the current needs of our business.

PATENTS, TRADE NAMES, TRADEMARKS AND COPYRIGHTS

Patent Number · Issue Date · Title

US-11854080-B2 · 12/26/2023 · System and method for matching orders and immutable blockchain ledger for all customer trading activity with settlement into the broker dealer ecosystem

US-11966974-B2 · 4/23/2024 · System and method for preparing for a SEC financial statement audit by recording corporate governance information on an immutable blockchain

US-12079872-B2 · 9/3/2024 · Systems and methods for using a digital trading platform to trade securities on a blockchain

US-12086880-B2 · 9/10/2024 · System and method for facilitating a public offering on an immutable blockchain provided to eligible qualified investors based upon priority of interest

US-12112380-B2 · 10/8/2024 · Systems and methods for the regulated trading of registered equities with the securities and exchange commission on an immutable blockchain with settlement into the broker dealer ecosystem

US-12131383-B2 · 10/29/2024 · Systems and methods for the trading of registered equities on an immutable blockchain with settlement into the broker dealer ecosystem

US-12248987-B2 · 3/11/2025 · Systems and methods for trading derivatives purchased on a blockchain on a digital trading platform that integrates with the traditional broker-dealer ecosystem

US-12288257-B2 · 4/29/2025 · Systems and methods for preparing for an audit by recording corporate governance information on an immutable blockchain

Trademark Number · Notice of Allowance Date · Trademark

97074941 · Live/Pending 11/22/2022 · Blockchain First

97128229 · Live/Pending 11/22/2022 · B. E. T.

97128224 · Live/Pending 4/25/2023 · Blackstar Digital Trading Platform

97128228 · Live/Pending 11/22/2022 · B.D.T.P.

Either directly or through our subsidiaries, we may have rights in various patents, trade names, trademarks, copyrights and other intellectual property necessary to conduct our business. Our services may use the intellectual property of others, including licensed software. We may occasionally license any future intellectual property to others as we deem appropriate.

We regard the protection of our intellectual property, including our trademarks, patents, copyrights, domain names, trade dress and trade secrets as critical to our success. We aggressively protect our intellectual property rights by relying on federal, state and common law rights in the U.S. and internationally, as well as a variety of administrative procedures. We also rely on contractual restrictions to protect our proprietary rights in products and services. We routinely enter into confidentiality and invention assignment agreements with our employees and contractors and nondisclosure agreements with parties with whom we conduct business to limit access to and disclosure of our proprietary information.

We pursue the registration of our domain names, trademarks and service marks in the U.S. Additionally, we have filed U.S. patent applications covering certain aspects of our proprietary technology. Effective trademark, copyright, patent, domain name, trade dress and trade secret protection is typically expensive to maintain and may require litigation. We must protect our intellectual property rights and other proprietary rights in an increasing number of jurisdictions, a process that is expensive and time consuming and may not be successful.

We have registered our core brands as trademarks and domain names in the U.S. If we are unable to register or protect our trademarks or domain names, we could be adversely affected in any jurisdiction in which our trademarks or domain names are not registered or protected. We may license, in the future, certain of our proprietary rights, such as trademarks or copyrighted material, to others.

Item 2 of the 10-K filed Nov 25, 2025.3

Leadership

Who has led BLACKSTAR ENTERPRISE GROUP, INC., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Joseph E. Kurczodyna2018–2024

President

  1. Joseph E. Kurczodyna2018–2024

Chief financial officer

  1. Joseph E. Kurczodyna2017–2024
20202025
Board members and other officers (2)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Executive Officer, DirectorJOHN NOBLE HARRIS named Mar 2, 202217

Former names

  • BLACKSTAR ENERGY GROUP, INC.Feb 12, 2010 to Dec 29, 20162

Timeline

  1. Jan 30, 20268-K Change of auditor18
  2. Nov 5, 20248-K Entered a material agreement; Unregistered sale of shares; Regulation FD disclosure19
  3. Aug 15, 20248-K Regulation FD disclosure20
  4. Jun 6, 20248-K Change of auditor21
  5. May 22, 20248-K Regulation FD disclosure22
  6. May 14, 20248-K Regulation FD disclosure23
  7. May 8, 20248-K Change of auditor24
  8. Apr 29, 20248-K Regulation FD disclosure; Other events25
  9. Mar 25, 20248-K Regulation FD disclosure26
  10. Mar 12, 20248-K Debt or obligation accelerated27
  11. Jan 23, 20248-K Debt or obligation accelerated28
  12. Nov 1, 20238-K Regulation FD disclosure29
  13. Feb 16, 2018New chief executive Joseph E. Kurczodyna becomes CEO14

Filings

94 filings to the SEC since October 2021: 4 annual reports, 13 quarterly reports, 19 major events, 6 insider forms, 3 large holders, 2 private raises, 47 other. The latest 20:

  1. Mar 31, 2026NT 10-K EDGAR
  2. Feb 13, 202610-Q EDGAR
  3. Feb 13, 202610-Q EDGAR
  4. Feb 6, 202610-Q EDGAR
  5. Jan 30, 20268-K EDGAR
  6. Nov 25, 202510-K EDGAR
  7. Nov 17, 2025NT 10-Q EDGAR
  8. May 20, 2025NT 10-Q EDGAR
  9. Apr 1, 2025NT 10-K EDGAR
  10. Jan 7, 20255 PRIMARY DOCUMENT EDGAR
  11. Dec 17, 2024DEF 14C EDGAR
  12. Dec 17, 20245 PRIMARY DOCUMENT EDGAR
  13. Dec 17, 20245 PRIMARY DOCUMENT EDGAR
  14. Dec 11, 202410-Q EDGAR
  15. Dec 3, 2024PRE 14C EDGAR
  16. Nov 14, 2024NT 10-Q EDGAR
  17. Nov 5, 20248-K EDGAR
  18. Aug 19, 202410-Q EDGAR
  19. Aug 15, 20248-K EDGAR
  20. Aug 14, 2024NT 10-Q EDGAR

The 94 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.

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.

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$419.0K 2021–2023
Money received by yearMoney received by year, 2021–2023: $419.0K in all. Private raises (Form D) $419.0K.$0$100K$200K$300K2021 · Private raises (Form D): $294.0K202120222023 · Private raises (Form D): $125.0K2023
Figures by year
YearPrivate raises (Form D)Total
2023$125.0K$125.0K
2021$294.0K$294.0K

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

  1. Mar 1, 2023Raised $125,000 in a private offering of debt33 Form D: 4 investors so far Form D
  2. Sep 1, 2021Raised $294,000 in a private offering of debt17 Form D: 3 investors so far Form D

SEC filer profile

How BLACKSTAR ENTERPRISE GROUP, INC. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARBLACKSTAR ENTERPRISE GROUP, INC.1
  • CIK0001483646
  • Employer ID (EIN)27-11206283
  • Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; not a shell company3
  • Incorporated inDelaware3
  • Fiscal year endsDecember 311
  • Industry code (SIC)6199 Finance Services1
  • SEC reviewing officeOffice of Crypto Assets, Division of Corporation Finance1
  • Business address4450 Arapahoe Ave., Suite 100, Boulder, CO 803031
  • Phone303-500-32101
  • Shares outstanding2,978,706,965 as of Jan 23, 202612
  • Public float$3.5M as of Jun 30, 20243
  • AuditorFruci & Associates II, PLLC, Spokane, Washington PCAOB ID 5525; no auditor attestation of internal control over financial reporting3
  • On EDGAR sinceFeb 12, 20101
  • Filings216 in all: 8-K (45), 10-Q (27), D (23), CORRESP (17), UPLOAD (16), NT 10-Q (13), SC 13D/A (11), S-1/A (10)1
    All 26 form types

    10-K (9), NT 10-K (8), 5 (6), 3 (4), 4 (4), 4/A (4), SC 13D (4), 10-12G/A (2), 10-K/A (2), DEF 14C (2), PRE 14C (2), 10-12G (1), 10-Q/A (1), D/A (1), DEF 14A (1), EFFECT (1), PRE 14A (1), S-1 (1)

  • Latest filingsAnnual report (10-K) Nov 25, 2025
    Quarterly report (10-Q) Feb 13, 2026
    Proxy statement (DEF 14A) Jan 29, 2020
    Latest 8-K (8-K) Jan 30, 2026

Risk factors and legal proceedings

The risks BLACKSTAR ENTERPRISE GROUP, INC. names in Item 1A of its 10-K filed Nov 25, 2025: 2 risks under these headings, as written.3

  • Risks Relating to Our Venture Investments
  • Risks Relating to Ownership of BlackStar Enterprise Group, Inc. Common Stock
  • RISKS RELATING TO OUR VENTURE INVESTMENTS
  • RISKS OF COMPETITION FOR OUR VENTURE COMPANIES.
  • RISKS OF OUR NEED FOR ADDITIONAL CAPITAL TO FUND OUR VENTURE COMPANIES.
  • RISKS RELATING TO OWNERSHIP OF

Legal proceedings

On November 6, 2023, the Company was notified of a lawsuit filed in Clark County, NV against the Company by GS Capital regarding the unavailability of conversion shares relating to the Promissory Note entered into on October 11, 2021 and the remaining principal balance of $33,682. Shortly after the Plaintiff filed the lawsuit, BlackStar repaid the remaining principal balance. At the outset of the case, a temporary restraining order was entered and required the transfer of 257,000,000 shares of BlackStar’s stock to the Plaintiff to be sold on the open market, which occurred in Q1 and Q2 of 2024. BlackStar has appealed the temporary restraining order to the Nevada Supreme Court and seeks the return of the 257,000,000, among other damages. While the appeal is pending, the Company, through its attorneys, filed an answer to Plaintiff’s complaint and counterclaims against Plaintiff on February 27, 2024. In addition to denying many of the allegations laid out in the lawsuit, the Company invokes several affirmative defenses that bar Plaintiff’s recovery in the action and alleges that Plaintiff breached the terms of the agreement, including, but not limited to, obtaining the conversion of BlackStar’s stock after the Promissory Note was fully paid off. Amongst other claims, the Company alleges that the Plaintiff acted in bad faith and in violation of usury laws by recovering an estimated $600,000 dollars in BlackStar stock off of a $60,000 promissory note, estimated at a roughly 170% interest rate. The Company seeks a judgment in its favor and against Plaintiff, compensatory damages in an amount to be proven at trial, declaratory relief voiding the agreement as illegal under Section 29(b) of the Securities Act, punitive damages in an amount to be proven at trial, interest on all damages, and attorneys’ fees. As a result of the counterclaims, there can be no reasonable estimate of any contingencies as of June 30, 2024.

The opening of Item 3, Legal Proceedings.3

Sources

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