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
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue11¢$66.7K
- Selling, general and admin89¢$548.1K
Out of $71.3K in revenue.34 The company lost money this year.
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 |
|---|---|---|
| Consulting Revenue | $71.3K | $210.6K |
| Product Sales | $346.5K | $0 |
| Cost of sales consulting labor | $66.7K | $157.8K |
| Gross margin | $351.0K | $52.8K |
| Selling, general and administrative expenses | $548.1K | $507.4K |
| Professional fees | $920.4K | $2.8M |
| Payroll and benefits | $85.2K | $554.9K |
| Total operating expenses | $1.6M | $3.8M |
| Loss from operations | -$1.2M | -$3.8M |
| Investment Income | $65.5K | $0 |
| Interest expense | -$110.5K | -$129.9K |
| Gain on debt extinguishment | $12.4K | $0 |
| Total other income and expense | -$32.6K | -$129.9K |
| Net (loss) | -$1.2M | -$3.9M |
| Basic loss per share | -$0.05 | -$0.18 |
| Diluted loss per share | -$0.05 | -$0.18 |
| Basic | 24.5M shares | 21.6M shares |
| Diluted | 24.5M shares | 21.6M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2024-09-30 | 2023-12-31 |
|---|---|---|---|---|
| Cash | $7.8K | $4.9K | ||
| Accounts receivable | $0 | $20.7K | ||
| Prepaid Expenses | $43.8K | $0 | ||
| Deferred charge | $0 | $10.9K | ||
| Total current assets | $51.5K | $36.5K | ||
| Right-of-use-assets | $50.5K | $69.8K | $82.9K | |
| Property and equipment, net | $46.2K | $84.1K | ||
| Investments | $10.5M | $0 | ||
| Total assets | $10.6M | $190.4K | ||
| Accounts payable | $201.0K | $219.2K | ||
| Accrued liabilities | $540 | $1.5M | ||
| Deferred Revenue | $2.1M | $0 | ||
| Accrued interest | $30.8K | $9.1K | ||
| Lease liabilities-short term | $20.9K | $20.3K | ||
| Notes payable | $315.0K | $231.2K | ||
| Notes payable related parties | $240.0K | $199.1K | ||
| Total current liabilities | $2.9M | $2.2M | ||
| Deferred Revenue-noncurrent | $8.0M | $0 | ||
| Other Non-Current Liabilities | $71.9K | $0 | ||
| Lease liabilities-long term | $30.8K | $50.0K | ||
| Total Non-current Liabilities | $8.1M | $50.0K | ||
| Total Liabilities | $11.0M | $2.2M | ||
| Common stock, $0.00001 par value, 200,000,000 shares authorized and 52,789,000 and 16,329,000 shares issued and outstanding, respectively as of December 31, 2025 and December 31, 2024 | $527 | $163 | ||
| Additional paid-in-capital | $5.9M | $3.0M | ||
| Accumulated deficit | -$6.3M | -$5.0M | ||
| Total stockholders' deficit | -$350.6K | -$2.0M | -$195.5K | |
| Total liabilities and stockholders' deficit | $10.6M | $190.4K | ||
| Common stock, par value | $0.00 | $0.00 | ||
| Common stock, shares authorized | 200.0M shares | 200.0M shares | ||
| Common stock, shares issued | 52.8M shares | 16.3M shares | ||
| Common stock, shares outstanding | 52.8M shares | 16.3M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2024-09-30 | 2023-12-31 |
|---|---|---|---|---|
| Cash | $7.8K | $4.9K | ||
| Accounts receivable | $0 | $20.7K | ||
| Prepaid Expenses | $43.8K | $0 | ||
| Deferred charge | $0 | $10.9K | ||
| Total current assets | $51.5K | $36.5K | ||
| Right-of-use-assets | $50.5K | $69.8K | $82.9K | |
| Property and equipment, net | $46.2K | $84.1K | ||
| Investments | $10.5M | $0 | ||
| Total assets | $10.6M | $190.4K | ||
| Accounts payable | $201.0K | $219.2K | ||
| Accrued liabilities | $540 | $1.5M | ||
| Deferred Revenue | $2.1M | $0 | ||
| Accrued interest | $30.8K | $9.1K | ||
| Lease liabilities-short term | $20.9K | $20.3K | ||
| Notes payable | $315.0K | $231.2K | ||
| Notes payable related parties | $240.0K | $199.1K | ||
| Total current liabilities | $2.9M | $2.2M | ||
| Deferred Revenue-noncurrent | $8.0M | $0 | ||
| Other Non-Current Liabilities | $71.9K | $0 | ||
| Lease liabilities-long term | $30.8K | $50.0K | ||
| Total Non-current Liabilities | $8.1M | $50.0K | ||
| Total Liabilities | $11.0M | $2.2M | ||
| Common stock, $0.00001 par value, 200,000,000 shares authorized and 52,789,000 and 16,329,000 shares issued and outstanding, respectively as of December 31, 2025 and December 31, 2024 | $527 | $163 | ||
| Additional paid-in-capital | $5.9M | $3.0M | ||
| Accumulated deficit | -$6.3M | -$5.0M | ||
| Total stockholders' deficit | -$350.6K | -$2.0M | -$195.5K | |
| Total liabilities and stockholders' deficit | $10.6M | $190.4K | ||
| Common stock, par value | $0.00 | $0.00 | ||
| Common stock, shares authorized | 200.0M shares | 200.0M shares | ||
| Common stock, shares issued | 52.8M shares | 16.3M shares | ||
| Common stock, shares outstanding | 52.8M shares | 16.3M 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 | -$1.2M | -$3.9M |
| Stock based compensation | $2.4M | $1.1M |
| Gain on extinguishment of debt | -$12.4K | $0 |
| Common Stock issued for financing fees | $100.0K | $32.5K |
| Depreciation | $37.8K | $29.2K |
| Investment income | -$65.5K | $0 |
| Amortization of ROU | $19.1K | $0 |
| Accounts receivable | $20.7K | -$20.7K |
| Lease liability-net | -$18.4K | $481 |
| Deferred charge | $10.9K | -$10.9K |
| Prepaid expense | -$43.8K | $0 |
| Accounts payable | -$18.2K | $219.2K |
| Accrued liabilities | -$1.5M | $1.5M |
| Accrued interest | $21.7K | -$2.0K |
| Deferred Revenue | -$346.5K | $0 |
| Other non current liabilities | $71.9K | $0 |
| Net cash used in operating activities | -$553.9K | -$1.1M |
| Purchases of property and equipment | $0 | -$100.2K |
| Net cash used in investing activities | $0 | -$100.2K |
| Proceeds from related party notes | $56.5K | $55.5K |
| Repayments of related party notes | -$15.7K | $231.2K |
| Proceeds from notes payable | $252.9K | -$38.4K |
| Repayment of notes payable | $8.1K | $0 |
| Proceeds from common stock issued for cash | $255.0K | $911.0K |
| Net cash provided by financing activities | $556.7K | $1.2M |
| Net increase (decrease) in cash | $2.8K | -$13.0K |
No quarter-by-quarter statement was filed.
Corporate structure
Kinetic Seas Inc. sits at the top of its group. 2 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Kinetic Seas Inc.
- Ionic Ventures, LLC Filed SCHEDULE 13G/A on Kinetic Seas Inc., latest May 7, 2025 (2 filings since Aug 27, 2024)
- Kinetic Seas Inc. Schaumburg, Illinois
- SAGTEC GLOBAL Ltd Stake · N8
Built from major holders from Schedules 13D and 13G; stakes of 5% or more it reported on Schedules 13D and 13G (1 companies). Each entity in the chart links to its source.
What it owns
What Kinetic Seas 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, net | $46.2K3 Dec 31, 2025 | $84.1K3 Dec 31, 2024 | −45.0% |
| Operating-lease assets (leased space) | $50.5K3 Dec 31, 2025 | $69.8K3 Dec 31, 2024 | −27.6% |
Investments
Properties, in its own words
The Company currently leases office space at 1501 E. Woodfield Road, Suite 114E, Schaumburg, Illinois.
Item 2 of the 10-K filed May 29, 2026.10
Leadership
Who has led Kinetic Seas Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chair
President
Chief financial officer
Chief operating officer
- Chief executive officerEdward S. Honour Mar 21, 2024 to May 31, 202411
- Chief executive officerErik S. Nelson Apr 8, 2024 to Apr 8, 202412
- ChairEdward S. Honour Mar 21, 2024 to May 31, 202411
- PresidentErik S. Nelson Apr 8, 2024 to Apr 8, 202412
- Chief financial officerErik S. Nelson Apr 8, 2024 to Apr 8, 202412
- Chief operating officerJeffrey William Lozinski May 31, 2024 to May 31, 202413
Board members and other officers (6)
- Chief Operations OfficerJeffrey William Lozinski Mar 21, 2024 to Mar 21, 202414
- SecretaryErik S. Nelson Apr 8, 2024 to Apr 8, 202415
- Chief Technology OfficerJoseph Lehman Jun 3, 2024 to Jun 3, 202416
- Board memberJeffrey William Lozinski Mar 21, 2024 to May 31, 202414
- Board memberJoseph Lehman Mar 21, 2024 to Jun 3, 202417
- Board memberErik S. Nelson Apr 8, 2024 to Apr 8, 202415
Former names
- Bellatora, Inc.Sep 19, 2022 to Dec 22, 20232
Timeline
- Jul 28, 20268-K Entered a material agreement18
- Jul 28, 20268-K Entered a material agreement; New debt or obligation; Unregistered sale of shares19
- Jul 10, 20268-K Executive or director change20
- Mar 16, 20268-K Other events21
- Feb 27, 20268-K Entered a material agreement; New debt or obligation; Unregistered sale of shares22
- Feb 11, 20268-K Unregistered sale of shares; Other events23
- Nov 4, 20258-K Other events24
- Nov 4, 20258-K Other events25
- Oct 17, 20258-K Executive or director change26
- Aug 29, 20258-K Other events27
- Aug 11, 20258-K Other events28
- Jun 5, 20258-K Regulation FD disclosure29
- Apr 8, 2024New chief executive Erik S. Nelson becomes CEO12
- Mar 21, 2024New chief executive Edward S. Honour becomes CEO11
Filings
92 filings to the SEC since October 2021: 5 annual reports, 12 quarterly reports, 29 major events, 16 insider forms, 2 large holders, 28 other. The latest 20:
- Oct 14, 20264 PRIMARY DOCUMENT EDGAR
- Sep 21, 20264 PRIMARY DOCUMENT EDGAR
- Sep 17, 2026144 EDGAR
- Aug 19, 202610-Q FORM 10-Q FOR JUN 2026 EDGAR
- Aug 14, 2026NT 10-Q EXTENSION EDGAR
- Jul 28, 20268-K CURRENT REPORT EDGAR
- Jul 28, 20268-K CURRENT REPORT EDGAR
- Jul 10, 20268-K CURRENT REPORT EDGAR
- Jun 26, 202610-Q FORM 10-Q FOR MAR 2026 EDGAR
- Jun 8, 2026144 EDGAR
- May 29, 202610-K FORM 10-K FOR DEC 2025 EDGAR
- May 14, 2026NT 10-Q NOTICE OF LATE FILING EDGAR
- Apr 2, 20264 PRIMARY DOCUMENT EDGAR
- Mar 31, 20264 PRIMARY DOCUMENT EDGAR
- Mar 30, 2026NT 10-K FORM 12B-25 EDGAR
- Mar 30, 20264 EDGAR
- Mar 16, 2026144 EDGAR
- Mar 16, 20268-K CURRENT REPORT EDGAR
- Feb 27, 20268-K CURRENT REPORT EDGAR
- Feb 11, 20268-K EDGAR
The 92 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
5 open-market trades by officers, directors and large owners since October 2021: 1 buys and 4 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 18, 2026 | Lozinski Jeffrey William10% owner | Sale | 100,000 | $0.03 | $3.0K | Form 4 |
| Apr 1, 2026 | Lozinski Jeffrey William10% owner | Sale | 111,700 | $0.04 | $4.0K | Form 4 |
| Mar 30, 2026 | Lozinski Jeffrey William10% owner | Sale | 100,000 | $0.03 | $3.0K | Form 4 |
| Mar 19, 2026 | Lozinski Jeffrey William10% owner | Sale | 10,000 | $0.05 | $500 | Form 4 |
| Dec 14, 2023 | NELSON ERIK SSecretary | Buy | 1,000,000 | $0.05 | $50.0K | Form 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.
- Ionic Ventures, LLCSCHEDULE 13G/A, 2 filings Aug 27, 2024 to May 7, 202530
Stakes it holds
Kinetic Seas Inc. has told the SEC it owns more than 5% of 1 company, latest first (Schedules 13D and 13G).
- SAGTEC GLOBAL LtdSCHEDULE 13D Nov 14, 202531
SEC filer profile
How Kinetic Seas Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARKinetic Seas Inc.1
- CIK0001945619
- Employer ID (EIN)47-198117010
- Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; a shell company10
- Incorporated inColorado10
- Fiscal year endsDecember 311
- Industry code (SIC)6770 Blank Checks1
- SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
- Business address1501 Woodfield Road, Suite 114E, Schaumburg, IL 601731
- Phone888-901-88061
- Shares outstanding61,172,732 as of Aug 19, 20269
- Public float$2.8M as of Jun 30, 202510
- AuditorBush & Associates CPA LLC, Las Vegas, NV PCAOB ID 6797; no auditor attestation of internal control over financial reporting10
- On EDGAR sinceSep 19, 20221
- Filings93 in all: 8-K (27), 10-Q (12), 4 (9), 3 (6), NT 10-Q (5), UPLOAD (5), 10-K (4), 10-12G/A (3)1
All 23 form types
144 (3), CORRESP (3), NT 10-K (3), 8-K/A (2), 10-12G (1), 10-K/A (1), 5 (1), DEF 14A (1), DEF 14C (1), DEFA14A (1), PRE 14A (1), PRE 14C (1), SC 13G (1), SCHEDULE 13D (1), SCHEDULE 13G/A (1)
- Latest filingsAnnual report (10-K) May 29, 2026
Quarterly report (10-Q) Aug 19, 2026
Proxy statement (DEF 14A) Apr 12, 2024
Latest 8-K (8-K) Jul 28, 2026
Risk factors and legal proceedings
The risks Kinetic Seas Inc. names in Item 1A of its 10-K filed May 29, 2026: 43 risks under these headings, as written.10
- Risks Related to the Company’s Business and Industry
- Artificial Intelligence and Machine Learning are emerging technologies and involve significant risks and uncertainties.
- Adverse conditions in the AI market or the global economy more generally could have adverse effects on our results of operations.
- Our success depends on the growth of our industry, most specifically on the growing adoption and use of AI technology in general and the adoption and use of our products.
- Our success depends on an unproven market.
- The market in which we operate is highly competitive and rapidly changing and we may be unable to compete successfully.
- Our success depends on a small targeted market, and the company may fail to effectively reach the market.
- Our marketing efforts and brand promotion activities may not be effective.
- As the market for AI products evolves, competition in the GPU hosting market for training and inference is expected to increase.
- As AI infrastructure technologies evolve, the need for our infrastructure products may decrease, affecting the financial condition of the company.
- Changes in hardware technologies related to AI model training and inference may reduce the value of the companies planned hardware investments, affecting the financial condition of the company.
- The sales and onboarding process of new partners could take longer than expected, leading to fluctuations or variability in expected revenues and results of operations. As of December 31, 2024 we only have one customer.
The other 32 risks
- If we do not successfully anticipate market needs, enhance our existing products, execute on delivering quality products and services, or develop new products and services that meet those needs on a timely basis, it may not be able to compete effectively and its ability to generate revenues will suffer.
- Our open-source projects and libraries may fail to attract developers, thus reducing the effectiveness of the company's marketing programs.
- It may be difficult to monetize software and technologies we develop as open-source projects.
- Our use of open-source technology could impose limitations on its ability to commercialize our software.
- We are continuing to develop new products and services offerings, and if we are unable to manage the related risks, our growth prospects, business, financial condition, and results of operations could be adversely affected.
- The company's products are highly technical, and if they contain undetected errors our business and financial results could be adversely affected.
- We may evaluate and potentially consummate acquisitions and incubation partnerships, which could require significant management attention, consume our financial resources, disrupt our business, and adversely affect our financial results.
- If the company does not continue to develop technologically advanced products that successfully integrate with the software products and enhancements used by its customers, future revenues and its operating results may be negatively affected.
- We are pursuing multiple business strategies and expect to expand our development capabilities, and as a result, we may encounter difficulties in managing our multiple business units and our growth, which could disrupt our operations.
- We depend on skilled employees and could be impacted by a shortage of critical skills.
- The company may fail to attract experienced technology consultants in the areas of AI and ML which may inhibit the company’s growth in the consulting market.
- Our planned educational services to AI consultants may fail to develop marketable consultants, reducing the company's ability to effectively expand its consulting business.
- Pricing pressures from our customers may adversely affect our results from operations.
- Our costs may grow more quickly than our revenues, harming our business and profitability.
- AI models we develop may not be able to be operated profitably based on the services they provide relative to their cost of operation.
- Our business model is predicated, in part, on maintaining a customer base that will generate a recurring stream of revenues. If that recurring stream of revenues is not maintained or does not increase as expected, our operating results may be adversely affected.
- Cybersecurity and data privacy incidents or breaches may damage client relations and inhibit our growth.
- Our plans to expand upon and establish new public cloud-based data centers for our U.S. and international operations may be unsuccessful and may present execution and competitive risks.
- We rely on third-party vendors and if such third parties do not perform adequately or terminate their relationships with us, our costs may increase and our business, financial condition and results of operations could be adversely affected.
- We may be unable to respond quickly enough to changes in technology and technological risks and to develop our intellectual property into commercially viable products.
- We cannot be certain that additional financing will be available on reasonable terms when required, or at all.
- We may face regulatory restrictions on our ability to sell our products outside the United States
- Risks Related to Regulatory Framework
- An active trading market for our common stock may never develop or be sustained.
- The trading price of our common stock may be volatile, and you could lose all or part of your investment.
- The concentration of our capital stock ownership with insiders will likely limit your ability to influence corporate matters.
- Compliance with the Sarbanes-Oxley Act of 2002 will require substantial financial and management resources.
- Future sales and issuances of our capital stock or rights to purchase capital stock could result in additional dilution of the percentage ownership of our stockholders and could cause our stock price to decline.
- We depend on key personnel and could be harmed by the loss of their services because of the limited number of qualified people in our industry.
- Substantial future sales of shares of our common stock could cause the market price of our common stock to decline.
- Our common stock market price and trading volume could decline if securities or industry analysts do not publish research or publish inaccurate or unfavorable research about our business.
- We will incur costs and demands upon management as a result of complying with the laws and regulations affecting public companies in the United States, which may harm our business.
- We do not intend to pay dividends for the foreseeable future.
Legal proceedings
We are not currently involved in any legal proceedings and we are not aware of any pending or potential legal actions.
The opening of Item 3, Legal Proceedings.10
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13
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- 15SEC EDGARErik S. Nelson, Secretary
- 16
- 17SEC EDGARJoseph Lehman, Board member
- 18SEC EDGAREntered a material agreement
- 19
- 20SEC EDGARExecutive or director change
- 21SEC EDGAROther events
- 22
- 23
- 24SEC EDGAROther events
- 25SEC EDGAROther events
- 26SEC EDGARExecutive or director change
- 27SEC EDGAROther events
- 28SEC EDGAROther events
- 29SEC EDGARRegulation FD disclosure
- 30
- 31