Overview
- IndustryServices-Prepackaged Software1
- HeadquartersMiami Beach, Florida1
- Incorporated inDE2
- Business address4775 Collins Ave, Miami Beach, Fl 331402
- Filer categoryNon-accelerated filer, Smaller reporting company2
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WorldsShaper: WorldsShaper is the visual authoring component of our platform. It allows for quick assembly of pieces to create multi-user, shared state, virtual worlds. The WorldsShaper is an advanced compositing 3D building tool that integrates pre-existing or custom content, such as 3D models, textures or images created in Adobe's Photoshop, or midi or wave sound files, with architectural geometry and interactive behaviors and actions written in Java. The architectural building blocks for creating 3D worlds, the flexibility and power of integrating professional modeling and imaging tools, and the extensibility via Java make the WorldsShaper a tool well-suited for rapid creation of 3D environments.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
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Research and development | $09 | $09 | ||||||
| Selling, general and admin | $971.1K4 | $630.7K5 | $1.0M6 | $1.6M7 | $1.3M8 | $101.5K9 | $175.9K9 | |
| Operating income | -$2.9M4 | -$1.2M5 | -$1.5M6 | -$1.9M7 | $1.5M8 | -$317.0K9 | -$435.5K9 | |
| Interest | -$45.0K4 | $82.9K5 | $76.1K6 | $76.1K7 | $75.9K8 | $77.6K9 | $75.9K9 | |
| Net income | $1.8M4 | -$1.2M5 | -$1.6M6 | -$614.2K7 | -$1.0M8 | $82.2K9 | -$511.4K9 | |
| Earnings per share | $0.034 | -$0.025 | -$0.036 | -$0.017 | -$0.028 | $0.009 | -$0.019 | |
| Earnings per share (diluted) | $0.034 | -$0.025 | -$0.036 | -$0.016 | ||||
| Shares (weighted, basic) | 57.1M shares7 | 57.1M shares8 | 57.1M shares9 | 57.1M shares9 |
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash | $3.8M4 | $1.6M6 | $474.6K6 | $44.4K7 | $7.8K8 | $244.9K9 | $6.4K9 | |
| Current assets | $3.8M4 | $1.6M5 | $474.6K6 | $52.6K7 | $7.8K8 | $265.4K9 | $15.1K9 | |
| Total assets | $3.8M4 | $1.8M5 | $691.9K6 | $284.1K7 | $7.8K8 | $265.4K9 | $15.1K9 | |
| Accounts payable | $975.3K7 | $797.9K8 | $798.1K9 | $809.9K9 | ||||
| Current liabilities | $4.4M4 | $3.2M5 | $3.4M6 | $3.3M7 | $3.2M8 | $3.4M9 | $3.7M9 | |
| Long-term debt | ||||||||
| Total liabilities | $4.4M12 | $3.4M6 | $3.3M7 | $3.2M8 | $3.4M9 | $3.7M9 | ||
| Retained earnings | $45.8M7 | $46.8M8 | $46.7M9 | $47.3M9 | ||||
| Shareholders’ equity | -$595.1K5 | -$1.4M6 | -$2.7M7 | -$3.0M8 | -$3.2M9 | -$3.1M9 | -$3.7M9 | |
| Shares outstanding | 56.8M shares4 | 56.8M shares5 | 56.8M shares6 | 57.1M shares7 | 57.1M shares8 | 57.1M shares9 | 57.1M shares9 | 57.1M shares9 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
What it owns
What GEMAXEL 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.
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $6.4K9 Dec 31, 2024 | $244.9K9 Dec 31, 2023 | −97.4% |
Properties, in its own words
We do not own any property nor do we have any contracts or options to acquire any property in the future. Presently, we are operating out of offices in our president's residence at 11 Royal Road, Brookline, Massachusetts 02445, where we occupy approximately 800 square feet. This space is adequate for our present and our planned future operations. We currently pay no rent to our president for use of this space, although when funds are available we may do so in the future. In addition, we have no written agreement or formal arrangement with our president pertaining to the use of this space. We have no current plans to occupy other or additional office space.
Item 2 of the 10-K filed Apr 1, 2025.3
Leadership
Who has led GEMAXEL INC, and when. Pick a name to see everywhere that person has worked.
- Chief executive officerThomas Kidrin Sep 21, 2007 to Sep 21, 200713
- PresidentThomas Kidrin Sep 21, 2007 to Sep 21, 200713
Board members and other officers (6)
- Board memberEdward J. Gildea Jan 16, 2014 to Jan 16, 201414
- Board memberThomas Philip Duterme May 21, 2008 to May 21, 200815
- Board memberBernard Stolar Sep 6, 2007 to Feb 15, 201716
- Board memberJay Coleman Sep 6, 2007 to Sep 6, 200717
- Board memberRobert N. Fireman Sep 6, 2007 to Sep 6, 200718
- Board memberThomas Kidrin Sep 21, 2007 to Sep 21, 200713
Former names
Timeline
- Jul 8, 20268-K Executive or director change19
- Jun 1, 20268-K Bylaws or fiscal year changed20
- Oct 1, 20248-K Executive or director change21
- May 15, 20248-K Executive or director change22
- Dec 19, 20238-K Executive or director change23
- Nov 7, 20228-K Listing notice or transfer24
- Sep 21, 2007New chief executive Thomas Kidrin becomes CEO13
Filings
25 filings to the SEC since October 2021: 4 annual reports, 13 quarterly reports, 6 major events, 2 other. The latest 20:
- Jul 8, 20268-K EDGAR
- Jun 5, 202610-Q EDGAR
- Jun 5, 202610-Q EDGAR
- Jun 5, 202610-Q EDGAR
- Jun 1, 20268-K EDGAR
- Apr 1, 202510-K EDGAR
- Apr 1, 2025NT 10-K EDGAR
- Nov 12, 202410-Q EDGAR
- Oct 1, 20248-K EDGAR
- Aug 14, 202410-Q EDGAR
- May 15, 202410-Q EDGAR
- May 15, 20248-K EDGAR
- Apr 15, 202410-K EDGAR
- Apr 2, 2024NT 10-K EDGAR
- Dec 19, 20238-K EDGAR
- Nov 14, 202310-Q EDGAR
- Aug 11, 202310-Q EDGAR
- May 15, 202310-Q EDGAR
- Mar 31, 202310-K EDGAR
- Nov 7, 20228-K EDGAR
The 25 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.
SEC filer profile
How GEMAXEL INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARGEMAXEL INC1
- CIK0000001961
- Employer ID (EIN)22-18483163
- Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company3
- Incorporated inDelaware3
- Fiscal year endsDecember 311
- Industry code (SIC)7372 Services-Prepackaged Software1
- SEC reviewing officeOffice of Technology, Division of Corporation Finance1
- Business address4775 Collins Ave, Miami Beach, FL 331401
- Phone917-270-11871
- Shares outstanding57,112,506 as of May 8, 202611
- Public float$1.7M as of Jun 30, 20243
- AuditorM&K CPAS, PLLC, The Woodlands, TX PCAOB ID 27383
- On EDGAR sinceDec 26, 19961
- Filings306 in all: 10-Q (57), 10QSB (30), 8-K (30), 10-K (19), UPLOAD (18), 3 (13), 4 (13), NT 10-K (13)1
All 38 form types
10-Q/A (12), NT 10-Q (12), 10KSB (10), CORRESP (8), SC 13D/A (8), 10-K/A (7), 10QSB/A (5), S-8 (5), 8-K/A (4), PRE 14A (4), SB-2 (4), SB-2/A (4), SC 13G (4), DEF 14A (3), S-1 (3), 10KSB/A (2), EFFECT (2), POS AM (2), PRER14A (2), SC 13D (2), 10KSB40 (1), 424B3 (1), 8-A12G (1), D (1), DEFR14A (1), DEL AM (1), NT 10-K/A (1), RW (1), S-1/A (1), SC 13G/A (1)
- Latest filingsAnnual report (10-K) Apr 1, 2025
Quarterly report (10-Q) Jun 5, 2026
Proxy statement (DEF 14A) Apr 15, 2016
Latest 8-K (8-K) Jul 8, 2026
Risk factors and legal proceedings
The risks GEMAXEL INC names in Item 1A of its 10-K filed Apr 1, 2025: 12 risks under these headings, as written.3
- Risks related to our operations
- We have experienced relatively large losses during our development and, without significant increases in the market penetration of our services and improvements to our operating margins, we will not achieve profitability.
- We are dependent upon the success of monetizing our IP assets
- It will be difficult for you to evaluate us based on our past performance because we have a relatively new business strategy with a limited operating history.
- We cannot guarantee that we will have any meaningful protection of our proprietary technologies.
- We may incur substantial costs as a result of litigation or other proceedings relating to our intellectual property rights.
- If we lose our key personnel our operations could be harmed.
- We may not be able to economically comply with any new government regulation that may be adopted with respect to the Internet.
- Risks related to our common stock
- Possible issuances of our capital stock would cause dilution to our existing shareholders.
- Certain shareholders control a substantial portion of our outstanding common stock.
- No dividends have been paid on our common stock.
The other 2 risks
- We are subject to "penny stock" regulations which may adversely impact the liquidity and price of our common stock.
- The exercise or conversion of outstanding options into common stock will dilute the percentage ownership of our other shareholders. The sale of such common stock or other common stock in the open market could adversely affect the market price of our common stock.
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARGEMAXEL INC filings on SEC EDGAR
- 2SEC EDGARGEMAXEL INC filings on SEC EDGAR
- 3
- 4SEC EDGARGEMAXEL INC 10-K for fiscal 2018
- 5SEC EDGARGEMAXEL INC 10-K for fiscal 2019
- 6SEC EDGARGEMAXEL INC 10-K for fiscal 2020
- 7SEC EDGARGEMAXEL INC 10-K for fiscal 2021
- 8SEC EDGARGEMAXEL INC 10-K for fiscal 2022
- 9SEC EDGARGEMAXEL INC 10-K for fiscal 2023
- 10SEC EDGARGEMAXEL INC 10-Q for fiscal 2025
- 11SEC EDGARGEMAXEL INC 10-Q for fiscal 2025
- 12SEC EDGARGEMAXEL INC 10-K for fiscal 2018
- 13
- 14SEC EDGAREdward J. Gildea, Board member
- 15SEC EDGARThomas Philip Duterme, Board member
- 16SEC EDGARBernard Stolar, Board member
- 17SEC EDGARJay Coleman, Board member
- 18SEC EDGARRobert N. Fireman, Board member
- 19SEC EDGARExecutive or director change
- 20SEC EDGARBylaws or fiscal year changed
- 21SEC EDGARExecutive or director change
- 22SEC EDGARExecutive or director change
- 23SEC EDGARExecutive or director change
- 24SEC EDGARListing notice or transfer