Overview
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Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
26.7%Gross margin3
-2.4%Operating margin3
-22.7%Net margin3
4.5%Revenue growth, 20253
$1.1MFree cash flow3
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Consumer Insights brought in 45% of the revenue Bright Mountain Media, Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Consumer Insights | $27.0M | $26.6M |
| Advertising Services | $18.4M | $21.7M |
| Creative Services | $7.1M | $8.5M |
| Digital Media | $1.7M | $1.5M |
| Media Services | $2.4M | $988.0K |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue73¢$43.4M
- Selling, general and admin27¢$16.4M
Out of $59.2M in revenue.3 The company lost money this year.
Where each dollar of operating cash went, fiscal 2025
- Capital spending9¢$111.0K
- Kept or used elsewhere91¢$1.1M
Out of $1.3M of cash from operations.3
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Revenue | $59.2M | $56.7M |
| Cost of revenue | $43.4M | $40.2M |
| Gross margin | $15.8M | $16.5M |
| General and administrative expenses | $16.4M | $21.4M |
| Impairment of goodwill and intangible assets | $786.0K | $0 |
| Loss from operations | -$1.4M | -$4.9M |
| Other income | $285.0K | $547.0K |
| Other interest expense | -$22.0K | -$39.0K |
| Total financing and other expense, net | -$12.0M | -$12.1M |
| Net loss before income tax | -$13.5M | -$17.0M |
| Income tax provision | $0 | $0 |
| Net loss | -$13.5M | -$17.0M |
| Foreign currency translation | -$200.0K | $15.0K |
| Comprehensive loss | -$13.7M | -$17.0M |
| Basic (in dollars per share) | -$0.08 | -$0.10 |
| Diluted (in dollars per share) | -$0.08 | -$0.10 |
| Basic (in shares) | 176.5M shares | 171.2M shares |
| Diluted (in shares) | 176.5M shares | 171.2M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $1.4M | $2.5M | |
| Restricted cash | $1.9M | $1.9M | |
| Accounts receivable, net | $16.3M | $15.0M | $14.7M |
| Prepaid expenses and other current assets | $1.2M | $859.0K | |
| Total current assets | $20.7M | $20.3M | |
| Property and equipment, net | $124.0K | $69.0K | |
| Intangible assets, net | $11.5M | $13.4M | |
| Goodwill | $7.0M | $7.8M | |
| Operating lease right-of-use assets, net | $173.0K | $253.0K | |
| Other long-term assets | $158.0K | $158.0K | |
| Total assets | $39.7M | $42.0M | |
| Accounts payable and accrued expenses | $24.9M | $22.7M | |
| Other current liabilities | $4.2M | $4.4M | |
| Deferred revenue | $2.8M | $2.9M | $4.6M |
| Total current liabilities | $116.2M | $33.8M | |
| Other liabilities, non-current | $12.0K | $169.0K | |
| Finance lease liabilities | $0 | $20.0K | |
| Operating lease liabilities | $77.0K | $185.0K | |
| Total Liabilities | $116.3M | $105.2M | |
| Convertible preferred stock, par value $0.01, 20,000,000 shares authorized, no shares issued or outstanding at December 21, 2025 and December 31, 2024, respectively | $0 | $0 | |
| Common stock, par value $0.01, 324,000,000 shares authorized, 183,218,504 and 177,464,827 issued, and 181,032,929 and 176,114,652 outstanding at December 31, 2025 and December 31, 2024, respectively | $1.8M | $1.8M | |
| Treasury stock at cost, 2,185,575 and 1,350,175 shares at December 31, 2025 and December 31, 2024, respectively | -$220.0K | -$220.0K | |
| Additional paid-in-capital | $102.0M | $101.8M | |
| Accumulated deficit | -$180.3M | -$166.9M | |
| Accumulated other comprehensive income | $77.0K | $277.0K | |
| Total stockholders deficit | -$76.6M | -$63.2M | -$46.7M |
| Total liabilities and stockholders deficit | $39.7M | $42.0M | |
| Preferred stock, par or stated value (in dollars per share) | $0.01 | $0.01 | |
| Preferred stock, authorized (in shares) | 20.0M shares | 20.0M shares | |
| Preferred stock, issued (in shares) | 0 shares | 0 shares | |
| Preferred stock, outstanding (in shares) | 0 shares | 0 shares | |
| Common stock, par or stated value (in dollars per share) | $0.01 | $0.01 | |
| Common stock, authorized (in shares) | 324.0M shares | 324.0M shares | |
| Common stock, issued (in shares) | 183.2M shares | 177.5M shares | |
| Common stock, outstanding (in shares) | 181.0M shares | 176.1M shares | |
| Treasury stock (in shares) | 2.2M shares | 1.4M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $1.4M | $2.5M | |
| Restricted cash | $1.9M | $1.9M | |
| Accounts receivable, net | $16.3M | $15.0M | $14.7M |
| Prepaid expenses and other current assets | $1.2M | $859.0K | |
| Total current assets | $20.7M | $20.3M | |
| Property and equipment, net | $124.0K | $69.0K | |
| Intangible assets, net | $11.5M | $13.4M | |
| Goodwill | $7.0M | $7.8M | |
| Operating lease right-of-use assets, net | $173.0K | $253.0K | |
| Other long-term assets | $158.0K | $158.0K | |
| Total assets | $39.7M | $42.0M | |
| Accounts payable and accrued expenses | $24.9M | $22.7M | |
| Other current liabilities | $4.2M | $4.4M | |
| Deferred revenue | $2.8M | $2.9M | $4.6M |
| Total current liabilities | $116.2M | $33.8M | |
| Other liabilities, non-current | $12.0K | $169.0K | |
| Finance lease liabilities | $0 | $20.0K | |
| Operating lease liabilities | $77.0K | $185.0K | |
| Total Liabilities | $116.3M | $105.2M | |
| Convertible preferred stock, par value $0.01, 20,000,000 shares authorized, no shares issued or outstanding at December 21, 2025 and December 31, 2024, respectively | $0 | $0 | |
| Common stock, par value $0.01, 324,000,000 shares authorized, 183,218,504 and 177,464,827 issued, and 181,032,929 and 176,114,652 outstanding at December 31, 2025 and December 31, 2024, respectively | $1.8M | $1.8M | |
| Treasury stock at cost, 2,185,575 and 1,350,175 shares at December 31, 2025 and December 31, 2024, respectively | -$220.0K | -$220.0K | |
| Additional paid-in-capital | $102.0M | $101.8M | |
| Accumulated deficit | -$180.3M | -$166.9M | |
| Accumulated other comprehensive income | $77.0K | $277.0K | |
| Total stockholders deficit | -$76.6M | -$63.2M | -$46.7M |
| Total liabilities and stockholders deficit | $39.7M | $42.0M | |
| Preferred stock, par or stated value (in dollars per share) | $0.01 | $0.01 | |
| Preferred stock, authorized (in shares) | 20.0M shares | 20.0M shares | |
| Preferred stock, issued (in shares) | 0 shares | 0 shares | |
| Preferred stock, outstanding (in shares) | 0 shares | 0 shares | |
| Common stock, par or stated value (in dollars per share) | $0.01 | $0.01 | |
| Common stock, authorized (in shares) | 324.0M shares | 324.0M shares | |
| Common stock, issued (in shares) | 183.2M shares | 177.5M shares | |
| Common stock, outstanding (in shares) | 181.0M shares | 176.1M shares | |
| Treasury stock (in shares) | 2.2M shares | 1.4M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$13.5M | -$17.0M |
| Depreciation expense | $56.0K | $127.0K |
| Interest paid-in-kind on Centre Lane Senior Secured Credit Facility - related party | $9.6M | $9.4M |
| Amortization of operating lease right-of-use assets | $77.0K | $67.0K |
| Amortization of debt discount | $2.1M | $2.7M |
| Amortization of intangible assets | $1.9M | $1.9M |
| Impairment of goodwill and intangible assets | $786.0K | $0 |
| Stock-based compensation | $125.0K | $254.0K |
| Common stock issued for services rendered | $0 | $16.0K |
| Common stock issued to Centre Lane Partners for debt modification | $120.0K | $0 |
| Provision for credit losses | $283.0K | $15.0K |
| Accounts receivable | -$1.5M | -$369.0K |
| Prepaid expenses and other assets | -$311.0K | $198.0K |
| Operating lease liabilities | -$89.0K | -$53.0K |
| Accounts payable and accrued expenses | $2.0M | $5.2M |
| Other liabilities | -$363.0K | $1.2M |
| Deferred revenue | -$49.0K | -$1.7M |
| Net cash provided by operating activities | $1.3M | $1.9M |
| Purchase of property and equipment | -$111.0K | -$14.0K |
| Capitalization of website development costs | $0 | -$96.0K |
| Net cash used in investing activities | -$111.0K | -$110.0K |
| Proceeds from stock option exercises | $1.0K | $1.0K |
| Principal payments on finance lease obligations | -$22.0K | -$18.0K |
| Proceeds from Centre Lane Senior Secured Credit Facility - related party | $0 | $1.9M |
| Repayment of principal on Centre Lane Senior Secured Credit Facility - related party | -$2.3M | -$3.1M |
| Repayment of principal on 10% convertible promissory notes - related party | $0 | -$80.0K |
| Net cash used in financing activities | -$2.3M | -$1.4M |
| Effect of foreign exchange rates on cash | -$3.0K | -$1.0K |
| Net (decrease) increase in cash, cash equivalents, and restricted cash | -$1.2M | $406.0K |
| Cash paid for interest | $532.0K | $539.0K |
| Interest paid-in-kind on Centre Lane Senior Secured Credit Facility - related party | $9.6M | $9.4M |
| Agency and exit fees to Centre Lane for debt financing | $9.0K | $470.0K |
| Annual administration fee to Centre Lane for debt financing | $35.0K | $35.0K |
| Common stock issued to Centre Lane Partners for debt financing | $0 | $175.0K |
| Common stock issued to Centre Lane Partners for debt modification | $120.0K | $0 |
No quarter-by-quarter statement was filed.
Corporate structure
Bright Mountain Media, 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 Bright Mountain Media, Inc.
- Centre Lane Partners Master Credit Fund II, L.P. Filed SCHEDULE 13G/A on Bright Mountain Media, Inc., latest Aug 10, 2026 (6 filings since Feb 14, 2022)
- Bright Mountain Media, Inc. Boca Raton, Florida
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Bright Mountain Media, 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
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $393.0K3 Dec 31, 2025 | $282.0K3 Dec 31, 2024 | +39.4% |
| Accumulated depreciation | $269.0K3 Dec 31, 2025 | $213.0K3 Dec 31, 2024 | +26.3% |
| Property and equipment, net | $124.0K3 Dec 31, 2025 | $69.0K3 Dec 31, 2024 | +79.7% |
| Finance-lease assets | $20.0K3 Dec 31, 2025 | $42.0K3 Dec 31, 2024 | −52.4% |
| Operating-lease assets (leased space) | $173.0K3 Dec 31, 2025 | $253.0K3 Dec 31, 2024 | −31.6% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $1.4M3 Dec 31, 2025 | $2.5M3 Dec 31, 2024 | −46.2% |
| Deposits held (banks) | $250.0K3 Dec 31, 2025 | $250.0K8 Dec 31, 2024 | 0% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $7.0M3 Dec 31, 2025 | $7.8M3 Dec 31, 2024 | −10.1% |
| Intangible assets, net (excluding goodwill) | $11.5M3 Dec 31, 2025 | $13.4M8 Dec 31, 2024 | −13.9% |
| Finite-lived intangibles, net | $11.5M3 Dec 31, 2025 | $13.4M3 Dec 31, 2024 | −13.9% |
Properties, in its own words
The Company leases its corporate offices in Boca Raton, Florida under a long-term non-cancellable lease agreement. An addendum to the lease dated June 14, 2022, sets a lease renewal term of five years beginning upon completion of improvements to the office space by the landlord, which were completed on September 12, 2022. The annual base rent as of the beginning of this renewal term is approximately $143,000, with a provision for a 3% increase on each anniversary of the rent commencement date. The Company has the option to renew the lease for one additional five-year term.
During the year ended December 31, 2024, the Company entered into two sublease agreements for its Boca Raton corporate office suites. The subleases will continue for the remaining term on the initial lease agreement of three years with no option to extend. The aggregate minimum annual rental income under the subleases is approximately $137,000 with 3% escalations per annum. The Company retains the ability to use the address as its mailing address.
The rest of Item 2
As of December 31, 2025, all the Company's employees work remotely. We periodically review our facility requirements and may acquire new facilities based on evolving business needs.
Item 2 of the 10-K filed Mar 24, 2026.12
Leadership
Who has led Bright Mountain Media, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
201520202025
- Chief executive officerMatthew Drinkwater Sep 17, 2024 to now13
- Chief executive officerW. Kip Speyer Jul 29, 2013 to Feb 25, 202114
- ChairW. Kip Speyer Jul 29, 2013 to Feb 25, 202114
- PresidentW. Kip Speyer Jul 29, 2013 to Nov 27, 201914
- Chief financial officerAri Roy Olgun May 19, 2026 to now15
- Chief financial officerEthan Rudin Oct 30, 2023 to May 19, 202616
- Chief financial officerDennis W. Healey Jun 21, 2016 to Apr 27, 201717
- Chief financial officerAnnette Casacci Jul 29, 2013 to Mar 22, 201618
Board members and other officers (15)
- Dir. Bus. Dvlpmt/Website Mgr.Todd Speyer Jul 29, 2013 to Apr 27, 201719
- Board memberElaine J. Riddell Aug 14, 2024 to now20
- Board memberJoseph Pergola Aug 16, 2024 to now21
- Board memberThomas A. Triscari Aug 20, 2024 to now22
- Board memberMatthew Drinkwater Sep 17, 2024 to now13
- Board memberPamela J. Parizek Oct 26, 2020 to Oct 26, 202023
- Board memberCharles Pearlman Feb 13, 2018 to Apr 25, 201824
- Board memberAnnette Casacci Mar 22, 2016 to Mar 22, 201625
- Board memberDennis W. Healey Jun 21, 2016 to Apr 27, 201717
- Board memberRandolph A. Pohlman Mar 24, 2015 to Jun 5, 201726
- Board memberAndrew Handwerker May 5, 2014 to May 5, 201427
- Board memberCharles Howard Lichtman Oct 23, 2014 to Sep 16, 201628
- Board memberJonathan Thielmann Jul 29, 2013 to Aug 15, 201629
- Board memberTodd F. Davenport Jul 29, 2013 to Dec 19, 201630
- Board memberTodd Speyer Jul 29, 2013 to Apr 27, 201719
Former names
Timeline
- Sep 29, 20268-K Change of auditor31
- Sep 23, 20268-K Change of auditor32
- Aug 6, 20268-K Results of operations33
- Jul 7, 20268-K New debt or obligation34
- Jun 16, 20268-K Entered a material agreement35
- May 12, 20268-K Results of operations36
- May 6, 20268-K Executive or director change37
- Apr 16, 20268-K Other events38
- Apr 6, 20268-K Results of operations39
- Apr 6, 20268-K New debt or obligation40
- Mar 27, 20268-K Other events41
- Mar 24, 20268-K Results of operations42
- Sep 17, 2024New chief executive Matthew Drinkwater becomes CEO13
- Jul 29, 2013New chief executive W. Kip Speyer becomes CEO14
Calendar
Coming up
- Around Oct 31, 2026Next results, estimated About a quarter after its last report. The company hasn't announced the date.
When it reported results
- Aug 6, 2026Reported quarterly or annual results33
- May 12, 2026Reported quarterly or annual results36
- Apr 6, 2026Reported quarterly or annual results39
- Mar 24, 2026Reported quarterly or annual results42
- Nov 7, 2025Reported quarterly or annual results43
- Aug 7, 2025Reported quarterly or annual results44
- May 12, 2025Reported quarterly or annual results45
- Mar 10, 2025Reported quarterly or annual results46
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
127 filings to the SEC since October 2021: 7 annual reports, 17 quarterly reports, 68 major events, 25 insider forms, 6 large holders, 4 other. The latest 20:
- Sep 29, 20268-K/A EDGAR
- Sep 23, 20268-K EDGAR
- Aug 10, 2026SCHEDULE 13G/A EDGAR
- Aug 6, 20268-K EDGAR
- Aug 6, 202610-Q EDGAR
- Jul 7, 20268-K EDGAR
- Jun 16, 20268-K EDGAR
- May 19, 20264 PRIMARY DOCUMENT EDGAR
- May 19, 20263 PRIMARY DOCUMENT EDGAR
- May 15, 2026SCHEDULE 13G/A EDGAR
- May 12, 20268-K EDGAR
- May 12, 202610-Q EDGAR
- May 6, 20268-K EDGAR
- Apr 16, 20268-K EDGAR
- Apr 6, 20268-K/A EDGAR
- Apr 6, 20268-K EDGAR
- Mar 27, 20268-K EDGAR
- Mar 24, 20268-K EDGAR
- Mar 24, 202610-K EDGAR
- Mar 3, 20264 PRIMARY DOCUMENT EDGAR
The 127 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.
- Centre Lane Partners Master Credit Fund II, L.P.SCHEDULE 13G/A, 6 filings Feb 14, 2022 to Aug 10, 202647
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.
- PPP loans $760.4K
Figures by year
| Year | PPP loans | Total |
|---|---|---|
| 2021 | $295.6K | $295.6K |
| 2020 | $464.8K | $464.8K |
PPP loans
Paycheck Protection Program loans of $150,000 and up, approved April 2020 to July 2021, from the SBA48. Matched to this company by name and state.
SEC filer profile
How Bright Mountain Media, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARBright Mountain Media, Inc.1
- CIK0001568385
- Employer ID (EIN)27-297789012
- Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company12
- Incorporated inFlorida12
- Fiscal year endsDecember 311
- Industry code (SIC)7371 Services-Computer Programming Services1
- SEC reviewing officeOffice of Technology, Division of Corporation Finance1
- Business address6400 Congress Ave., Suite 2050, Boca Raton, FL 334871
- Phone561-998-24401
- Shares outstanding186,936,398 as of Jul 30, 202610
- Public float$7.0M as of Jun 30, 202512
- AuditorWithumSmith+Brown, PC, New York, New York PCAOB ID 100; no auditor attestation of internal control over financial reporting12
- On EDGAR sinceJan 31, 20131
- Filings496 in all: 8-K (171), 4 (153), 10-Q (41), 3 (19), NT 10-Q (16), 10-K (13), D (11), 8-K/A (10)1
All 31 form types
UPLOAD (5), 10-Q/A (4), DEF 14C (4), NT 10-K (4), SC 13D/A (4), SC 13G (4), SC 13G/A (4), 10-12G/A (3), 4/A (3), 5 (3), PRE 14C (3), SCHEDULE 13G/A (3), 10-K/A (2), CORRESP (2), DEFA14C (2), S-1 (2), S-1/A (2), S-8 (2), SC 13D (2), 10-12G (1), 424B3 (1), EFFECT (1), RW (1)
- Latest filingsAnnual report (10-K) Mar 24, 2026
Quarterly report (10-Q) Aug 6, 2026
Latest 8-K (8-K) Sep 23, 2026
Risk factors and legal proceedings
The risks Bright Mountain Media, Inc. names in Item 1A of its 10-K filed Mar 24, 2026: 50 risks under these headings, as written.12
- RISKS RELATING TO OUR FINANCIAL CONDITION AND INDEBTEDNESS
- We have a history of losses.
- We may not be able to refinance, extend or repay our substantial indebtedness owed to Centre Lane, which would have a material adverse effect on our financial condition and ability to continue as a going concern.
- Our secured indebtedness may impair our ability to operate our business.
- We have depended upon sales of equity securities and borrowings under the Centre Lane Senior Secured Credit Facility to provide operating capital.
- The Company’s economic performance has raised substantial doubt about our ability to continue as a going concern.
- If we fail to establish and maintain adequate internal control over our financial and management system, our ability to accurately and timely report our financial results could be adversely affected, resulting in errors in our financial reporting, which could cause a loss of investor confidence.
- We depend upon a substantial portion of our revenues from a limited number of customers.
- We are subject to seasonal fluctuations in our revenues in future periods.
- Our cash could be adversely affected if the financial institutions in which we hold our cash fail.
- RISKS RELATED TO OUR OPERATIONS
- Past acquisitions and any future acquisitions, joint ventures, strategic alliances or similar transactions may not perform as expected.
The other 40 risks
- The acquisition of new businesses is costly, and these acquisitions may not enhance our financial condition.
- If we fail to detect advertising fraud or other actions that impacts our advertising campaign performance, we could harm our reputation with advertisers or agencies, which would cause our revenue and business to suffer.
- If advertising on the internet loses its appeal, our revenue could decline.
- Our success is dependent in part upon our ability to effectively expand and manage our relationships with our publishers.
- Online security breaches or other disruptions of our information technology systems could harm our business.
- We must generate high quality content in order to attract and retain users, advertisers and strategic buyers.
- We may expend significant resources to protect our content or to defend claims of infringement by third parties, and if we are not successful, we may lose the rights to use material or be required to pay significant fees.
- Failure to protect our intellectual property rights or claims by others that we infringe their intellectual property rights could substantially harm our business.
- Developing and implementing new and updated applications, features and services for our websites may be more difficult than expected, may take longer and cost more than expected and may not result in sufficient increases in revenue to justify the costs.
- If we are unable to obtain or maintain key website addresses, our ability to operate and grow our business may be impaired.
- If we are unable to respond to rapid technological change, our products and services could become obsolete, and our reputation could suffer.
- Our ability to deliver our content depends upon the quality, availability, policies and prices of certain third-party service providers.
- We may be held liable for content or third-party links on our website or content distributed to third parties, and our general liability insurance may not be adequate to compensate us for all liabilities to which we are exposed.
- We depend on our senior management team and other key employees, and the loss of any of them could harm our business.
- We must hire, integrate and/or retain qualified personnel to support our business.
- We deliver advertisements to users from third-party advertising services, which exposes our users to content and functionality over which we do not have ultimate control.
- Our services may be interrupted if we experience problems with our network infrastructure.
- Our systems may fail due to natural disasters, telecommunications failures and other events, any of which would limit user traffic.
- We are unable to predict the impacts of any potential pandemic or outbreak of disease on our business.
- Privacy violations could impair our business.
- We are subject to several regulatory risks, and any failure to comply with various regulations could adversely impact our business.
- Litigation is both costly and time-consuming, and there is no certainty of a favorable result.
- Our industry is intensely competitive, and if we do not effectively compete against current and future competitors, our business, results of operations and financial condition could be harmed.
- We may be adversely affected by the effects of inflation.
- Our platform relies on third-party open source software components.
- The effectiveness of certain services we offer depends on our ability to collect and use online data.
- The rejection of digital advertising by consumers, through opt-in, opt-out or ad-blocking technologies or other means or the restriction on the use of third party-cookies, mobile device identifiers or other tracking technologies, could adversely affect our business, results of operations, and financial condition.
- If ad formats and digital device types develop in ways that prevent advertisements from being delivered to consumers, our business, results of operations, and financial condition may be adversely affected.
- Our intellectual property rights may be difficult to enforce and protect, which could enable others to copy or use aspects of our technology without compensating us, thereby eroding our competitive advantages and having an adverse effect on our business, results of operations, and financial condition.
- We could experience a decline in renewals or demand for our subscription-based research services.
- We may be unable to develop and offer new research products and services.
- Our creative advertising services division may not be able to remain competitive or retain key clients.
- Rapid changes in technology, including advancements in artificial intelligence, and intense competition in our markets could adversely affect our business.
- RISKS RELATED TO THE OWNERSHIP OF OUR SECURITIES
- There is a limited public market for our common stock and our shares may be quoted on a lower tier of the OTC Markets.
- We have outstanding options and warrants to purchase approximately 6% of our outstanding common stock, which will have a dilutive effect on our existing shareholders if converted or exercised.
- The concentration of stock ownership and control by Centre Lane, and our debt transaction with Centre Lane, may cause conflicts of interests that may adversely affect us.
- Some provisions of our charter documents and Florida law may have anti-takeover effects that could discourage an acquisition of us by others, even if an acquisition would be beneficial to our shareholders and may prevent attempts by our shareholders to replace or remove our current management.
- Our Company has a concentration of stock ownership and control, which may have the effect of delaying, preventing or deterring a change of control, or, in the case of ownership of our common stock by Centre Lane, causing a change of control.
- We do not anticipate paying any cash dividends on our common stock in the foreseeable future and, as such, capital appreciation, if any, of our common stock will be your sole source of gain for the foreseeable future.
- We may issue additional shares of preferred stock in the future that may adversely impact your rights as holders of our common stock.
Legal proceedings
From time to time, we may become involved in legal proceedings or be subject to claims arising in the ordinary course of our business. In addition, we are currently a party to the following actions:
Ladenburg
The opening of Item 3, Legal Proceedings.12
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 16SEC EDGAREthan Rudin, Chief financial officer
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- 20SEC EDGARElaine J. Riddell, Board member
- 21SEC EDGARJoseph Pergola, Board member
- 22SEC EDGARThomas A. Triscari, Board member
- 23SEC EDGARPamela J. Parizek, Board member
- 24SEC EDGARCharles Pearlman, Board member
- 25SEC EDGARAnnette Casacci, Board member
- 26SEC EDGARRandolph A. Pohlman, Board member
- 27SEC EDGARAndrew Handwerker, Board member
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- 29SEC EDGARJonathan Thielmann, Board member
- 30SEC EDGARTodd F. Davenport, Board member
- 31SEC EDGARChange of auditor
- 32SEC EDGARChange of auditor
- 33SEC EDGARResults of operations
- 34SEC EDGARNew debt or obligation
- 35SEC EDGAREntered a material agreement
- 36SEC EDGARResults of operations
- 37SEC EDGARExecutive or director change
- 38SEC EDGAROther events
- 39SEC EDGARResults of operations
- 40SEC EDGARNew debt or obligation
- 41SEC EDGAROther events
- 42SEC EDGARResults of operations
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