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CNFN on OTC

CFN Enterprises Inc.

In its 2026 annual report the company says: “CFN Enterprises Inc. is a consumer brand platform focused on the wine and beverage sector. Through our subsidiaries, including Prestige Worldwide Wine Company, LLC and J Street Capital Partners, LLC, we develop, produce, and scale beverage brands using direct-to-consumer commerce, performance marketing, and strategic distribution. We focus on acquiring and growing high-potential brands while leveraging operational infrastructure and digital marketing to drive long-term revenue growth.”4 It is headquartered in Whitefish, Montana.1 Its shares trade on OTC under the symbol CNFN.1

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Last updated Oct 21, 2026.

Overview

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  • TickerCNFN on OTC1
  • IndustryServices-Business Services, NEC1
  • HeadquartersWhitefish, Montana1
  • Incorporated inDE2
  • Business address600 E. 8Th Street, Whitefish, Mt 599372
  • Filer categoryNon-accelerated filer, Smaller reporting company2
  • Legal formCorporation

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CFN Enterprises Inc. is a consumer brand platform focused on the wine and beverage sector. Through our subsidiaries, including Prestige Worldwide Wine Company, LLC (“Prestige”) and J Street Capital Partners, LLC (“J Street”), we develop, produce, and scale beverage brands using direct-to-consumer commerce, performance marketing, and strategic distribution. We focus on acquiring and growing high-potential brands while leveraging operational infrastructure and digital marketing to drive long-term revenue growth.4 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

99.0%Gross margin5
-4717.2%Operating margin5
-17908.5%Net margin5
-88.7%Revenue growth, 20255
-$85.6KFree cash flow5

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue0¢$352
  • Selling, general and admin89¢$1.7M
  • Interest11¢$219.4K

Out of $36.3K in revenue.5 The company lost money this year.

Financial statements

Revenue6789105$36.3K in 2025−96% since 2019
0$2.0M$4.0M$6.0M2019: $864.9K$864.9K20192020: $506.5K$506.5K2020−41%2021: $3.2M$3.2M2021+523%2022: $4.3M$4.3M2022+37%2023: $3.5M$3.5M2023−18%2024: $321.4K$321.4K2024−91%2025: $36.3K$36.3K2025−89%
Gross profit6789105$35.9K in 2025+42692% since 2019
-$3.0M-$2.0M-$1.0M0$1.0M2019: $84$8420192020: -$30.2K-$30.2K20202021: -$381.9K-$381.9K2021+1162%2022: -$2.2M-$2.2M2022+475%2023: $514.7K$514.7K20232024: $295.9K$295.9K2024−43%2025: $35.9K$35.9K2025−88%
Operating income6789105-$1.7M in 2025−72% since 2019
-$15.0M-$10.0M-$5.0M02019: -$6.0M-$6.0M20192020: -$1.2M-$1.2M2020−80%2021: -$12.4M-$12.4M2021+911%2022: -$8.5M-$8.5M2022−32%2023: -$13.8M-$13.8M2023+63%2024: -$2.0M-$2.0M2024−86%2025: -$1.7M-$1.7M2025−13%
Net income6789105-$6.5M in 2025
-$20.0M-$10.0M0$10.0M2019: $8.4M$8.4M20192020: -$1.6M-$1.6M20202021: -$12.2M-$12.2M2021+667%2022: -$9.9M-$9.9M2022−19%2023: -$15.2M-$15.2M2023+53%2024: -$4.3M-$4.3M2024−72%2025: -$6.5M-$6.5M2025+52%

Every line of the income statement as filed: the last 2 fiscal years, latest first.5

Period ending2025-12-312024-12-31
Net revenues$36.3K$321.4K
Cost of revenue$352$25.4K
Gross profit$35.9K$295.9K
Selling, general and administrative$1.7M$2.3M
Total operating expenses$1.7M$2.3M
Loss from operations-$1.7M-$2.0M
Interest expense-$219.4K-$218.6K
Gain on extinguishment of debt$0$89.1K
Other income$208.0K$250.0K
Interest income$0$202
Loss on conversion of accrued interest-$60.0K$0
Total other expense, net-$71.3K$120.6K
Provision for income taxes$0$0
Net loss-$1.8M-$1.9M
Preferred stock interest$315.0K$240.0K
Net loss from continuing operations-$2.1M-$2.1M
Net loss from discontinued operations, net of tax-$4.7M-$2.4M
Net loss-$6.8M-$4.5M
Net loss from continuing operations-$0.25-$0.26
Net loss from discontinued operations, net of taxes-$0.56-$0.30
Net loss per share-$1-$1
Weighted average common shares outstanding - basic and diluted8.4M shares8.2M shares

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Corporate structure

CFN Enterprises Inc. sits at the top of its group. 5 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of CFN Enterprises Inc.

  • Anthony Zingarelli Filed SC 13D on CFN Enterprises Inc., latest Aug 15, 2022
  • CFN Enterprises Inc. Whitefish, Montana
    • CNP Operating, LLC Subsidiary · Delaware, United States
    • J Street Capital Partners, LLC Subsidiary · Florida, United States
    • Prestige Worldwide Wine Company, LLC Subsidiary · California, United States
    • Ranco LLC Subsidiary · Delaware, United States

Built from 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 CFN Enterprises 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$64.8K5 Dec 31, 2025$284.0K5 Dec 31, 2024−77.2%
Accumulated depreciation$64.8K5 Dec 31, 2025$109.6K5 Dec 31, 2024−40.9%
Property and equipment, net$05 Dec 31, 2025$174.4K5 Dec 31, 2024−100.0%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$198.0K5 Dec 31, 2025$373.8K5 Dec 31, 2024−47.0%

Intangibles and goodwill

ItemLatestA year beforeChange
Finite-lived intangibles, gross$344.2K5 Dec 31, 2025$6.4M13 Dec 31, 2017−94.7%
Accumulated amortization-$12.9K5 Dec 31, 2025$05 Dec 31, 2024
Finite-lived intangibles, net$331.3K5 Dec 31, 2025$05 Dec 31, 2024

Inventory

ItemLatestA year beforeChange
Inventory, total$516.1K5 Dec 31, 2025$3.4M5 Dec 31, 2024−84.7%

Properties, in its own words

Our principal offices are located at 600 E. 8th Street, Whitefish, Montana 59937, pursuant to an operating lease with a term expiring in 2028 at a monthly base rent of $3,750.

In May 2025, we entered into a lease for office space in Las Vegas, Nevada. The lease expires in May 2026 and has a monthly base rent of $1,015.

The rest of Item 2

In connection with the Ranco acquisition in July 2023, we assumed a lease for approximately 46,000 square feet of warehouse and manufacturing space in Los Angeles, California. The lease expires on July 31, 2027 and required monthly base rent payments of $96,634 (full premises). In connection with the classification of Ranco as a discontinued operation, this lease obligation is included in current liabilities of discontinued operations on the consolidated balance sheet as of December 31, 2025.

We believe that our existing facilities are adequate for our current needs.

Item 2 of the 10-K filed Apr 15, 2026.4

Leadership

Who has led CFN Enterprises Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Brian S. Ross2007–2022

Chair

  1. Brian S. Ross2013–2018

President

  1. Brian S. Ross2010–2022
  2. Jeff McCollum2012
  3. Frank Lane2019

Chief financial officer

  1. Michael Lin2014
  2. Anthony P. Mazzarella2016–2018

Chief operating officer

  1. Thomas Gabriele2011
  2. Santi Pierini2014–2016
2010201520202025
Board members and other officers (14)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Executive OfficerJOHN RAND named Jan 23, 202335
  • Executive OfficerVINCE KANDIS named Jan 23, 202335

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • CNP Operating, LLC Delaware3
  • J Street Capital Partners, LLC Florida3
  • Prestige Worldwide Wine Company, LLC California3
  • Ranco LLC Delaware3

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

Former names

  • Accelerize Inc.Nov 12, 2014 to Oct 23, 20192
  • ACCELERIZE NEW MEDIA INCFeb 6, 2006 to Oct 14, 20142

Timeline

  1. Nov 5, 20258-K Entered a material agreement; Completed an acquisition or sale; Unregistered sale of shares36
  2. Jul 11, 20258-K Completed an acquisition or sale; Unregistered sale of shares; Bylaws or fiscal year changed37
  3. Jun 13, 20258-K Executive or director change38
  4. Jun 4, 20258-K Entered a material agreement39
  5. Jul 5, 20248-K Shareholder vote40
  6. Sep 18, 20238-K Completed an acquisition or sale41
  7. Aug 29, 20238-K Other events42
  8. Jul 12, 20238-K Executive or director change43
  9. Jul 6, 20238-K Entered a material agreement; Completed an acquisition or sale; New debt or obligation44
  10. Feb 13, 20238-K Change in control45
  11. Oct 5, 20228-K Ended a material agreement; Unregistered sale of shares46
  12. May 6, 20228-K Entered a material agreement; Unregistered sale of shares47
  13. May 10, 2007New chief executive Brian S. Ross becomes CEO14

Filings

59 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 17 major events, 5 insider forms, 1 large holders, 1 private raises, 14 other. The latest 20:

  1. Aug 26, 202610-Q CFN ENTERPRISES INC. - FORM 10-Q SEC FILING EDGAR
  2. Aug 17, 2026NT 10-Q FORM NT 10-Q FILING EDGAR
  3. May 20, 202610-Q CFN ENTERPRISES INC. - FORM 10-Q SEC FILING EDGAR
  4. May 18, 2026NT 10-Q FORM NT 10-Q FILING EDGAR
  5. Apr 15, 202610-K CFN ENTERPRISES INC. - FORM 10-K SEC FILING EDGAR
  6. Apr 1, 2026NT 10-K CFN ENTERPRISES INC. - FORM 12B-25 EDGAR
  7. Nov 19, 202510-Q CFN ENTERPRISES INC. - FORM 10-Q SEC FILING EDGAR
  8. Nov 17, 2025NT 10-Q FORM NT 10-Q FILING EDGAR
  9. Nov 5, 20258-K CFN ENTERPRISES INC. - FORM 8-K SEC FILING EDGAR
  10. Aug 14, 202510-Q CFN ENTERPRISES INC. - FORM 10-Q SEC FILING EDGAR
  11. Jul 11, 20258-K CFN ENTERPRISES INC. - FORM 8-K SEC FILING EDGAR
  12. Jun 13, 20258-K CFN ENTERPRISES INC. - FORM 8-K SEC FILING EDGAR
  13. Jun 4, 20258-K CFN ENTERPRISES INC. - FORM 8-K SEC FILING EDGAR
  14. May 14, 202510-Q CFN ENTERPRISES INC. - FORM 10-Q SEC FILING EDGAR
  15. Apr 15, 202510-K CFN ENTERPRISES INC. - FORM 10-K SEC FILING EDGAR
  16. Apr 1, 2025NT 10-K CFN ENTERPRISES INC. - FORM 12B-25 EDGAR
  17. Nov 15, 202410-Q CFN ENTERPRISES INC. - FORM 10-Q SEC FILING EDGAR
  18. Nov 15, 2024NT 10-Q CFN ENTERPRISES FORM 12B-25 EDGAR
  19. Aug 12, 202410-Q CFN ENTERPRISES INC. - FORM 10-Q SEC FILING EDGAR
  20. Jul 5, 20248-K CFN ENTERPRISES INC. - FORM 8-K SEC FILING EDGAR

The 59 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

2 open-market trades by officers, directors and large owners since October 2021: 2 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jun 14, 2022Ross Brian SPresident & CEOBuy7,000$1.09$7.6KForm 4
Apr 22, 2022Ross Brian SPresident & CEOBuy57,143$0.70$40.0KForm 4

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.

  • Anthony ZingarelliSC 13D, 1 filing Aug 15, 202248

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$800.0K 2022–2022
Money received by yearMoney received by year, 2022–2022: $800.0K in all. Private raises (Form D) $800.0K.$0$200K$400K$600K$800K2022 · Private raises (Form D): $800.0K2022
Figures by year
YearPrivate raises (Form D)Total
2022$800.0K$800.0K

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. Nov 3, 2022Raised $800,000 in a private offering of equity35 Form D: 5 investors so far Form D

SEC filer profile

How CFN Enterprises Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARCFN Enterprises Inc.1
  • CIK0001352952
  • Employer ID (EIN)90-15595414
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company4
  • Incorporated inDelaware4
  • Fiscal year endsDecember 311
  • Industry code (SIC)7389 Services-Business Services, NEC1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business address600 E. 8Th Street, Whitefish, MT 599371
  • Phone83342026361
  • Shares outstanding9,536,357 as of Aug 26, 202612
  • Public float$4.7M as of 4
  • AuditorRBSM LLP, New York, NY PCAOB ID 5874
  • On EDGAR sinceFeb 6, 20061
  • Filings370 in all: 8-K (103), 10-Q (56), 4 (51), 3 (22), 10-K (19), 424B3 (12), NT 10-Q (11), SC 13G/A (9)1
    All 37 form types

    NT 10-K (8), CORRESP (7), D (7), SC 13G (6), 5 (5), SC 13D (5), UPLOAD (5), 10-K/A (4), EFFECT (4), REGDEX (4), 10QSB (3), 8-K/A (3), DEF 14A (3), PRE 14A (3), SB-2/A (3), 424B5 (2), CT ORDER (2), S-3 (2), 10-Q/A (1), 8-A12G (1), DEFM14A (1), POS AM (1), PREM14A (1), RW (1), S-1 (1), S-3/A (1), S-8 (1), SB-2 (1), SC 13D/A (1)

  • Latest filingsAnnual report (10-K) Apr 15, 2026
    Quarterly report (10-Q) Aug 26, 2026
    Proxy statement (DEF 14A) Jun 17, 2024
    Latest 8-K (8-K) Nov 5, 2025

Risk factors and legal proceedings

The risks CFN Enterprises Inc. names in Item 1A of its 10-K filed Apr 15, 2026: 18 risks under these headings, as written.4

  • Our independent registered public accounting firm has expressed in its reports to our 2025 and 2024 audited consolidated financial statements a substantial doubt about our ability to continue as a going concern.
  • Our resources are limited and it may impact how we implement our growth strategy which may impact our operations.
  • We have a history of losses.
  • We have substantial indebtedness and obligations to pay interest.
  • The passage of H.R. 5371 banning intoxicating hemp-derived consumable products resulted in the discontinuation of our Ranco operations and may have continuing effects on our business.
  • Our wine and beverage business is subject to extensive regulation and may face challenges in scaling operations.
  • Adverse macroeconomic and geopolitical conditions, including trade policies and tariffs, may have a material adverse effect on our business.
  • The CFN Business provides services to persons engaged in the cannabis industry. Cannabis remains illegal under Federal law.
  • We face intense competition.
  • Our quarterly financial results will fluctuate, making it difficult to forecast our results of operations.
  • Dilutive securities may adversely impact our stock price.
  • If we fail to maintain an effective system of internal control over financial reporting, we may not be able to accurately report our financial results or prevent fraud. As a result, current and potential stockholders could lose confidence in our financial reporting, which would harm the value of our stock.
The other 6 risks
  • We have not voluntarily implemented various corporate governance measures, in the absence of which stockholders may have more limited protections against interested director transactions, conflicts of interest and similar matters.
  • The limited market for our Common Stock will make our stock price more volatile. Therefore, you may have difficulty selling your shares.
  • There are generally no restrictions on the resale of our outstanding Common Stock. Sales by existing shareholders may depress the share price of our Common Stock and may impair our ability to raise additional capital through the sale of equity securities when needed.
  • Sales of shares of our Common Stock to the public may adversely impact our stock price.
  • Some of the shares issued and options granted under our stock plan may have been issued in transactions that were not exempt from registration under certain state securities laws, the result of which is that the holders of these shares and/or options may have rescission rights that could require us to reacquire the shares and/or options.
  • Our Common Stock is subject to the “penny stock” rules of the SEC, and the trading market in our Common Stock is limited. This makes transactions in our Common Stock cumbersome and may reduce the value of your shares.

Legal proceedings

From time to time, we may become involved in legal proceedings arising in the ordinary course of business. We are not presently a party to any legal proceedings that we currently believe, if determined adversely to us, would individually or taken together have a material adverse effect on our business, operating results, financial condition or cash flows.

The opening of Item 3, Legal Proceedings.4

Sources

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