FLZH on OTC

Flash Sports & Media Holdings, Inc.

Flash Sports & Media Holdings, Inc. is an American amusement and recreation services company, incorporated in Delaware.1 It is headquartered in New York, New York.1 Its shares trade on OTC under the symbol FLZH.1

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Last updated Oct 21, 2026.

Overview

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  • TickerFLZH on OTC1
  • IndustryServices-Amusement & Recreation Services1
  • HeadquartersNew York, New York1
  • Incorporated inDE2
  • Business address1140 Avenue Of The Americas, Suite 920, New York, Ny 100362
  • Filer categoryNon-accelerated filer, Smaller reporting company2

31, 2024, production fee income represented approximately 42% of IPG’s total revenue, or approximately $5.1 million.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

1.0%Gross margin5
-103.5%Operating margin5
-127.0%Net margin5
-56.5%Revenue growth, 20255
$542.6KFree cash flow5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Equipment Systems brought in 25% of the revenue Flash Sports & Media Holdings, Inc. broke down this way in fiscal 2025.

  1. Equipment Systems$8.8M525%down 29% from 2024
  2. Equipments$8.8M525%down 29% from 2024
  3. Construction Design And Building$8.5M525%down 54% from 2024
  4. Construction$8.5M525%down 54% from 2024
Products and services by year
Products and services202320242025
Equipment Systems$12.7M$12.2M$8.8M
Equipments$12.2M$8.8M
Construction Design And Building$44.6M$18.6M$8.5M
Construction$18.6M$8.5M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue99¢$17.2M
  • Other costs1¢$159.9K
  • Income tax0¢$14.6K

Out of $17.4M in revenue.5 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Capital spending35¢$298.2K
  • Kept or used elsewhere65¢$542.6K

Out of $840.8K of cash from operations.5

Financial statements

Revenue6789105$17.4M in 2025−28% since 2019
0$20.0M$40.0M$60.0M$80.0M2019: $24.2M$24.2M20192020: $25.8M$25.8M2020+7%2021: $62.1M$62.1M2021+140%2022: $66.3M$66.3M2022+7%2023: $69.9M$69.9M2023+5%2024: $40.0M$40.0M2024−43%2025: $17.4M$17.4M2025−57%
Gross profit6789105$174.6K in 2025−97% since 2019
-$5.0M0$5.0M$10.0M$15.0M2019: $6.6M$6.6M20192020: $5.7M$5.7M2020−14%2021: $14.8M$14.8M2021+158%2022: $12.2M$12.2M2022−18%2023: $9.9M$9.9M2023−19%2024: -$388.7K-$388.7K20242025: $174.6K$174.6K2025
Operating income6789105-$18.0M in 2025+207% since 2019
-$30.0M-$20.0M-$10.0M02019: -$5.9M-$5.9M20192020: -$2.7M-$2.7M2020−53%2021: -$204.7K-$204.7K2021−93%2022: -$14.9M-$14.9M2022+7193%2023: -$23.3M-$23.3M2023+56%2024: -$28.4M-$28.4M2024+22%2025: -$18.0M-$18.0M2025−37%
Net income6789105-$22.1M in 2025+165% since 2019
-$40.0M-$30.0M-$20.0M-$10.0M02019: -$8.4M-$8.4M20192020: -$5.1M-$5.1M2020−39%2021: -$875.7K-$875.7K2021−83%2022: -$15.3M-$15.3M2022+1642%2023: -$25.4M-$25.4M2023+67%2024: -$36.5M-$36.5M2024+43%2025: -$22.1M-$22.1M2025−39%

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

Period ending2025-12-312024-12-31
Total revenues$17.4M$31.2M
Total cost of revenue$17.2M$31.6M
Gross profit (loss)$174.6K-$388.7K
General and administrative$17.3M$21.0M
Depreciation and amortization$349.4K$1.1M
Impairment of goodwill and intangibles$6.0M
Impairment of property and equipment$566.6K
Total operating expenses$18.2M$28.0M
Loss from operations-$18.0M-$28.4M
Interest expense-$1.7M-$1.0M
Interest income$526$2.4K
Gain on extinguishment of debt$7.5K
Loss on settlement-$62.9K-$205.0K
Loss on assets foreclosure-$2.5M
Other income (expense)$522.2K$256.8K
Total non-operating income (expense)-$3.7M-$967.7K
Loss before income taxes-$21.7M-$29.4M
Income tax benefit$14.6K$29.7K
Net loss from continuing operations-$21.7M-$29.4M
Net income loss from discontinued operations, net of tax-$419.7K-$7.1M
Net loss-$22.1M-$36.5M
Net loss from continuing operations (in Dollars per share)-$41-$59
Net loss from discontinued operations, net of taxes (in Dollars per share)-$1-$14
Net loss per share (in Dollars per share)-$41.83-$73.12
Weighted average common shares outstanding - basic (in Shares)528.3K shares499.1K shares
Weighted average common shares outstanding - Diluted (in Shares)528.3K shares499.1K shares

Compare Flash Sports & Media Holdings, Inc. with another company

Corporate structure

Flash Sports & Media Holdings, Inc. sits at the top of its group. 13 entities, 3 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Flash Sports & Media Holdings, Inc.

  • Flash Sports & Media Holdings, Inc. New York, New York
    • 2WR of Colorado, Inc. Subsidiary · Colorado, United States
    • 2WR of Georgia, Inc. Subsidiary · Georgia, United States
    • Emerald Construction Management, Inc. Subsidiary · Colorado, United States
    • Flash Sports & Media, Inc. Subsidiary · Delaware, United States
    • Impact Engineering, Inc. Subsidiary · Colorado, United States
    • MJ12 Design Studio, Inc. Subsidiary · Colorado, United States
    • UGFS, LLC Subsidiary · Colorado, United States
    • urban-gro Architect Holdings, LLC Subsidiary · Colorado, United States
    • urban-gro Canada Technologies, Inc. Subsidiary · Canada
    • urban-gro Engineering, Inc. Subsidiary · Colorado, United States
    • urban-gro Europe B.V. Subsidiary · Netherlands
    • urban-gro Europe OPS B.V. Subsidiary · Netherlands

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 Flash Sports & Media 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
Accumulated depreciation$1.5M5 Dec 31, 2025$1.5M5 Dec 31, 2024−1.6%
Property and equipment, net$813.5K5 Dec 31, 2024$1.4M10 Dec 31, 2023−42.7%
Operating-lease assets (leased space)$321.3K5 Dec 31, 2025$550.2K5 Dec 31, 2024−41.6%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$05 Dec 31, 2025$05 Dec 31, 2024
Intangible assets, net (excluding goodwill)$148.8K10 Dec 31, 2024$3.5M10 Dec 31, 2023−95.7%
Finite-lived intangibles, net$148.8K10 Dec 31, 2024$3.4M9 Dec 31, 2023−95.6%

Properties, in its own words

Our principal place of business is located at 1751 Panorama Point, Unit G, Lafayette, Colorado, 80026. This location is leased and consists of approximately 10,000 square feet, including approximately 3,500 square feet of office space and 6,500 square feet of warehouse space. We currently do not own any property.

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

Leadership

Who has led Flash Sports & Media Holdings, Inc., and when. Pick a name to see everywhere that person has worked.

Board members and other officers (16)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • 2WR of Colorado, Inc. Colorado3
  • 2WR of Georgia, Inc. Georgia3
  • Emerald Construction Management, Inc. Colorado3
  • Flash Sports & Media, Inc. Delaware3
  • Impact Engineering, Inc. Colorado3
  • MJ12 Design Studio, Inc. Colorado3
  • UGFS, LLC Colorado3
  • urban-gro Architect Holdings, LLC Colorado3
  • urban-gro Canada Technologies, Inc. Canada3
  • urban-gro Engineering, Inc. Colorado3
  • urban-gro Europe B.V. Netherlands3
  • urban-gro Europe OPS B.V. Netherlands3

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

Former names

  • urban-gro, Inc.May 23, 2017 to Jun 11, 20262

Timeline

  1. Sep 29, 20268-K Entered a material agreement; Unregistered sale of shares; Regulation FD disclosure32
  2. Sep 28, 20268-K Regulation FD disclosure; Other events33
  3. Aug 26, 20268-K Regulation FD disclosure34
  4. Aug 21, 20268-K Listing notice or transfer35
  5. Aug 18, 20268-K Results of operations36
  6. Aug 6, 20268-K Regulation FD disclosure37
  7. Aug 5, 20268-K Regulation FD disclosure; Other events38
  8. Jul 16, 20268-K Executive or director change; Regulation FD disclosure39
  9. Jun 30, 20268-K Regulation FD disclosure40
  10. Jun 25, 20268-K Regulation FD disclosure41
  11. Jun 25, 20268-K Regulation FD disclosure42
  12. Jun 24, 20268-K Entered a material agreement; New debt or obligation; Unregistered sale of shares43
  13. Sep 14, 2018New chief executive Bradley John Nattrass becomes CEO14

Calendar

When it reported results

  1. Aug 18, 2026Reported quarterly or annual results36
  2. Aug 14, 2024Reported quarterly or annual results44
  3. Apr 30, 2024Reported quarterly or annual results45
  4. Mar 27, 2024Reported quarterly or annual results46
  5. Nov 9, 2023Reported quarterly or annual results47
  6. Aug 14, 2023Reported quarterly or annual results48
  7. May 10, 2023Reported quarterly or annual results49
  8. Mar 30, 2023Reported quarterly or annual results50

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

229 filings to the SEC since October 2021: 8 annual reports, 16 quarterly reports, 103 major events, 58 insider forms, 9 large holders, 35 other. The latest 20:

  1. Sep 29, 20268-K CURRENT REPORT EDGAR
  2. Sep 28, 20268-K CURRENT REPORT EDGAR
  3. Aug 26, 20268-K CURRENT REPORT EDGAR
  4. Aug 21, 20268-K CURRENT REPORT EDGAR
  5. Aug 18, 20268-K CURRENT REPORT EDGAR
  6. Aug 14, 2026DEFA14A DEFINITIVE ADDITIONAL MATERIALS EDGAR
  7. Aug 13, 2026DEFA14A DEFINITIVE ADDITIONAL MATERIALS EDGAR
  8. Aug 13, 2026DEF 14A PROXY STATEMENT EDGAR
  9. Aug 13, 202610-Q QUARTERLY REPORT EDGAR
  10. Aug 11, 2026EFFECT EDGAR
  11. Aug 6, 20268-K CURRENT REPORT EDGAR
  12. Aug 5, 20268-K CURRENT REPORT EDGAR
  13. Jul 31, 2026S-1/A REGISTRATION STATEMENT EDGAR
  14. Jul 24, 20263 EDGAR
  15. Jul 20, 20263 EDGAR
  16. Jul 20, 20263 EDGAR
  17. Jul 16, 20268-K CURRENT REPORT EDGAR
  18. Jun 30, 2026S-1 REGISTRATION STATEMENT EDGAR
  19. Jun 30, 20268-K CURRENT REPORT EDGAR
  20. Jun 25, 20268-K CURRENT REPORT EDGAR

The 229 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

39 open-market trades by officers, directors and large owners since October 2021: 19 buys and 20 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Dec 13, 2024AWM Investment Company, Inc.10% ownerSale18,802$1.19$22.4KForm 4
Dec 12, 2024AWM Investment Company, Inc.10% ownerSale7,400$1.21$9.0KForm 4
Dec 11, 2024AWM Investment Company, Inc.10% ownerSale17,092$1.22$20.9KForm 4
Dec 10, 2024AWM Investment Company, Inc.10% ownerSale33,839$1.22$41.3KForm 4
Dec 9, 2024AWM Investment Company, Inc.10% ownerSale20,916$1.23$25.7KForm 4
Dec 6, 2024AWM Investment Company, Inc.10% ownerSale24,760$1.26$31.2KForm 4
Dec 5, 2024AWM Investment Company, Inc.10% ownerSale10,000$1.27$12.7KForm 4
Nov 27, 2024AWM Investment Company, Inc.10% ownerSale3$1.48$4Form 4
Nov 26, 2024AWM Investment Company, Inc.10% ownerSale52,188$1.39$72.5KForm 4
Nov 19, 2024AWM Investment Company, Inc.10% ownerSale75$1.53$115Form 4
Nov 14, 2024AWM Investment Company, Inc.10% ownerSale22,920$1.56$35.8KForm 4
Nov 13, 2024AWM Investment Company, Inc.10% ownerSale8,194$1.44$11.8KForm 4
Nov 12, 2024AWM Investment Company, Inc.10% ownerSale4,159$1.46$6.1KForm 4
Nov 11, 2024AWM Investment Company, Inc.10% ownerSale7,653$1.50$11.5KForm 4
Nov 6, 2024AWM Investment Company, Inc.10% ownerSale3,200$1.70$5.4KForm 4
Jun 6, 2024WILKS LEWISDirectorBuy10,000$1.47$14.7KForm 4
Jun 5, 2024WILKS LEWISDirectorBuy10,000$1.43$14.3KForm 4
Apr 15, 2024AWM Investment Company, Inc.10% ownerSale1,000$1.70$1.7KForm 4
Aug 30, 2023WILKS LEWISDirectorBuy10,000$1.03$10.3KForm 4
Jun 12, 2023WILKS LEWISDirectorBuy10,000$1.40$14.0KForm 4

All 39 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
2025Bradley J. Nattrass5353$416.1K$441.3K54
2025Jason T. Archer5050$217.5K$238.8K54
2025Richard A. Akright6666$150.1K$153.1K54
2024Chairperson of the Board and Chief Executive Officer$450.0K$711.4K54
2024Chief Operating Officer$315.0K$453.4K54
2024Chief Financial Officer$288.5K$341.1K54

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
Morgan Stanley11,165$21.2K0.0%+11,137
Citadel Advisors LLC11,110$21.1K0.0%New
Vanguard Capital Management LLC7,614$14.5K0.0%No change
BlackRock, Inc.3,019$5.7K0.0%No change
Vanguard Fiduciary Trust Co1,018$1.9K0.0%−240
Wells Fargo & Company/mn968$1.8K0.0%+960
Jones Financial Companies Lllp715$1.4K0.0%+450
Tower Research Capital LLC (TRC)285$5420.0%−1,903
Allworth Financial LP153$2910.0%New
Triumph Capital Management40$760.0%No change
Hrt Financial LP22,683$430.0%New
Virtu Financial LLC22,005$420.0%New
Caitong International Asset Management Co., Ltd3$60.0%New
Danske Bank A/s1$20.0%No change

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

SEC filer profile

How Flash Sports & Media 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 EDGARFlash Sports & Media Holdings, Inc.1
  • CIK0001706524
  • Employer ID (EIN)46-51584694
  • 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)7900 Services-Amusement & Recreation Services1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business address1140 Avenue Of The Americas, Suite 920, New York, NY 100361
  • Phone720-390-38801
  • Shares outstanding56,716,262 as of Aug 13, 202611
  • Public float$3.1M as of Jun 30, 20254
  • AuditorSuri & Co., Chartered Accountants, Chennai, India PCAOB ID 3627; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceMay 23, 20171
  • Filings382 in all: 8-K (147), 4 (55), 10-Q (25), 3 (18), CORRESP (16), S-1/A (11), UPLOAD (11), NT 10-Q (10)1
    All 35 form types

    DEF 14A (9), 10-K (8), 4/A (7), DEFA14A (6), SC 13G/A (6), 8-K/A (5), EFFECT (5), PRE 14A (5), S-1 (5), 10-K/A (4), SC 13G (4), NT 10-K (3), S-8 (3), 424B2 (2), D (2), DRS (2), PRE 14C (2), SCHEDULE 13G/A (2), 10-Q/A (1), 424B4 (1), 8-A12B (1), 8-A12G (1), CERT (1), D/A (1), DEF 14C (1), S-1MEF (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (10-K) Apr 15, 2026
    Quarterly report (10-Q) Aug 13, 2026
    Proxy statement (DEF 14A) Aug 13, 2026
    Latest 8-K (8-K) Sep 29, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, $0.001 par valueUGRONASDAQ

From the cover page of the 10-K filed Apr 15, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks Flash Sports & Media Holdings, Inc. names in Item 1A of its 10-K filed Apr 15, 2026: 37 risks under these headings, as written.4

  • Risks Related to Our Business and Operations
  • We have a limited operating history under the Flash Sports & Media platform and may not be able to successfully execute our business plan.
  • We are substantially dependent on a single contractual relationship with Sri Lanka Cricket for a significant majority of our revenue.
  • We have a going concern qualification and a history of net losses and accumulated deficits.
  • Our revenue is concentrated among a limited number of customers and geographies.
  • Our business is dependent on the continued popularity and growth of cricket, particularly T20 cricket, in our target markets.
  • We are subject to risks associated with international operations.
  • We depend on key personnel, including the founder and chairman of IPG.
  • Force majeure events, including pandemics, natural disasters, terrorism, and political unrest, could disrupt our tournament operations.
  • Our expansion into new markets and new business verticals involves significant risks and uncertainties.
  • We face significant competition in the sports media and entertainment industry.
  • Risks Related to the Merger and Integration
The other 27 risks
  • The Merger may not achieve its intended benefits, and integration of the combined businesses involves significant risks.
  • Following the Merger, former Flash stockholders are expected to own a minimum of 90% of the combined company, resulting in significant dilution to existing stockholders.
  • The Company changed its independent auditor in connection with the Merger, which may increase the risk of accounting errors or restatements.
  • Risks Related to Nasdaq Listing and Capital Structure
  • We have a history of non-compliance with Nasdaq listing standards and may be unable to maintain our Nasdaq listing.
  • We have limited liquidity and may require additional financing to fund our operations.
  • We have significant outstanding liabilities and legal proceedings that could adversely affect our financial condition.
  • Risks Related to Regulatory and Legal Matters
  • We are subject to anti-corruption, anti-bribery, and sports integrity laws and regulations.
  • Changes in tax laws or regulations, including the recently enacted UAE Corporate Tax, could increase our tax burden.
  • The Event Rights Agreement is governed by Sri Lankan law and disputes are subject to international arbitration, which may be costly and time-consuming.
  • We had negative cash flow from operations for the fiscal years ended December 31, 2025 and December 31, 2024.
  • We may continue to incur losses in the near future, which may impact our ability to implement our business strategy and adversely affect our financial condition.
  • We may be forced to litigate to defend our intellectual property rights, or to defend against claims by third parties against urban-gro relating to intellectual property rights.
  • We may not be able to successfully identify, consummate or integrate acquisitions or to successfully manage the impacts of such transactions on our operations.
  • Risks Related to Ownership of Our Common Stock
  • Our failure to meet the continued listing requirements of Nasdaq could result in the delisting of our Common Stock.
  • Our stock price could be extremely volatile. As a result, shareholders may not be able to re-sell their shares at or above the price they paid for them.
  • Shareholders may be diluted by future issuances of preferred stock or additional common stock in connection with our incentive plans, acquisitions or otherwise; future sales of such shares in the public market, or the expectations that such sales may occur, could lower our stock price.
  • We do not anticipate paying any cash dividends on our common stock in the foreseeable future.
  • If securities or industry analysts do not publish research or reports about our business, or if they downgrade their recommendations regarding our common stock, its trading price and volume could decline.
  • Provisions of our certificate of incorporation and bylaws may delay or prevent a take-over that may not be in the best interests of our shareholders.
  • The requirements of being a public company may strain our resources, divert management’s attention and affect our ability to attract and retain executive management and qualified Board members.
  • We are subject to ongoing regulatory burdens resulting from our public listing.
  • We have identified material weaknesses in our internal control over financial reporting. If we fail to develop or maintain an effective system of internal controls, we may not be able to accurately report our financial results and prevent fraud. As a result, current and potential shareholders could lose confidence in our financial statements, which would harm the trading price of our common shares.
  • General Risk Factors
  • We are highly dependent on our management team, and the loss of our executive officers or other key employees could harm our ability to implement our strategies, impair our relationships with clients and adversely affect our business, results of operations and growth prospects.
  • Our insurance may not adequately cover our operating risk.
  • We may be exposed to currency fluctuations.
  • Changes in accounting standards and subjective assumptions, estimates and judgments by management related to complex accounting matters could significantly affect our financial results.
  • Our ability to maintain our reputation is critical to the success of our business, and the failure to do so may materially adversely affect our business and the value of our common stock.

Legal proceedings

From time to time, the Company is involved in routine litigation that arises in the ordinary course of business. Other than below, there are no other legal proceedings for which management believes the ultimate outcome would have a material adverse effect on the Company’s results of operations and cash flows.

On December 13, 2023, our wholly-owned subsidiary UG Construction, Inc. d/b/a Emerald Construction Management, Inc. (“UG Construction”) entered into (i) an interest only asset based revolving loan agreement (the “Loan Agreement”) with Gemini Finance Corp. (“Gemini”) pursuant to which Gemini extended to UG Construction a secured line of credit in an amount not to exceed $10,000,000, to be used to assist UG Construction and us with cash management, and (ii) a Secured Promissory Note - Revolving issued by UG Construction to Gemini (the “Promissory Note”). Pursuant to the Promissory Note, each draw was due and payable on or before 180 days after such draw is funded to UG Construction, subject to a mandatory pre-payment upon UG Construction’s receipt of payment for any invoice previously submitted and approved for financing by Gemini.

On March 18, 2025, UG Construction entered into an amendment to the Loan Agreement and Promissory Note and waiver with Gemini (the “Amendment”). Pursuant to the Amendment, Gemini waived any potential or perceived events of default arising under certain circumstances, which events did not constitute specified events of default under the Promissory Note or the Loan Agreement.

The opening of Item 3, Legal Proceedings.4

Sources

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