Overview
Compare with Universal Token, T-REX Acquisition Corp. or SANGRIX INC., or pick any stock.
- TickerNBND on OTC1
- IndustryFinance Services1
- HeadquartersIsland Park, New York1
- Incorporated inDE2
- Business address4042 Austin Boulevard, Suite B, Island Park, Ny 115582
- Filer categoryNon-accelerated filer, Smaller reporting company2
See how the biggest companies compare on our leaderboards
July 16, 2025, the Company formed a wholly owned Wyoming subsidiary called DigiHash LLC.3 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
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue10¢$8.8K
- Selling, general and admin90¢$76.7K
Out of $18.3K in revenue.4 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Mining revenue | $18.3K | |
| Cost of goods sold | $8.8K | |
| Gross margin | $9.5K | |
| Payroll and taxes | $453.9K | $154.8K |
| Legal and professional fees | $50.5K | $599.7K |
| Selling, general and administrative and expenses | $76.7K | $43.6K |
| Change in the fair market value of crypotcurrency | $1.9K | |
| Total operating expenses | $583.0K | $798.1K |
| Loss from operations | -$573.6K | -$798.1K |
| Loss on the extinguishment of debt | -$388.7K | |
| Interest expense | -$733.7K | -$487.2K |
| Loss before income taxes | -$1.7M | -$1.3M |
| Net loss | -$1.7M | -$1.3M |
| Basic earnings (loss) per common share | -$0.02 | -$0.06 |
| Diluted earnings (loss) per common share | -$0.02 | -$0.06 |
| Weighted average number of common shares outstanding - basic | 69.2M shares | 22.6M shares |
| Weighted-average number of common shares outstanding: diluted | 69.2M shares | 22.6M 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.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash | $4.3K | ||
| Total current assets | $4.3K | ||
| Mining equipment, net | $78.3K | ||
| Cryptocurrrency | $16.0K | ||
| Security deposit | $3.5K | $1.6K | |
| Total assets | $102.2K | $1.6K | |
| Accounts payable and accrued expense | $1.1M | $1.2M | |
| Convertible Notes | $535.7K | $266.1K | |
| Loans payable | $431.9K | $394.4K | |
| Total current liabilities | $2.0M | $1.9M | |
| Government loans payable | $493.7K | $500.0K | |
| Total liabilities | $2.5M | $2.4M | |
| Preferred stock, Series B $0.0001 par value, 200,000 shares authorized, 127,022 issued and outstanding | $13 | ||
| Common stock, $0.0001 par value, 250,000,000 shares authorized; 131,272,193 and 22,553,849 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | $13.1K | $2.3K | |
| Additional paid-in capital | $30.5M | $28.9M | |
| Accumulated deficit | -$32.9M | -$31.2M | |
| Accumulated other comprehensive income | $1.9K | $1.9K | |
| Total stockholders (deficit) | -$2.4M | -$2.4M | -$1.9M |
| Total liabilities and (deficit) | $102.2K | $1.6K | |
| Preferred stock, par value | $0.00 | ||
| Preferred stock, shares authorized | 20.0M shares | ||
| Common stock, par value | $0.00 | $0.00 | |
| Common stock, shares authorized | 250.0M shares | 250.0M shares | |
| Common stock, shares, issued | 131.3M shares | 22.6M shares | |
| Common stock, shares, outstanding | 131.3M shares | 22.6M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash | $4.3K | ||
| Total current assets | $4.3K | ||
| Mining equipment, net | $78.3K | ||
| Cryptocurrrency | $16.0K | ||
| Security deposit | $3.5K | $1.6K | |
| Total assets | $102.2K | $1.6K | |
| Accounts payable and accrued expense | $1.1M | $1.2M | |
| Convertible Notes | $535.7K | $266.1K | |
| Loans payable | $431.9K | $394.4K | |
| Total current liabilities | $2.0M | $1.9M | |
| Government loans payable | $493.7K | $500.0K | |
| Total liabilities | $2.5M | $2.4M | |
| Preferred stock, Series B $0.0001 par value, 200,000 shares authorized, 127,022 issued and outstanding | $13 | ||
| Common stock, $0.0001 par value, 250,000,000 shares authorized; 131,272,193 and 22,553,849 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | $13.1K | $2.3K | |
| Additional paid-in capital | $30.5M | $28.9M | |
| Accumulated deficit | -$32.9M | -$31.2M | |
| Accumulated other comprehensive income | $1.9K | $1.9K | |
| Total stockholders (deficit) | -$2.4M | -$2.4M | -$1.9M |
| Total liabilities and (deficit) | $102.2K | $1.6K | |
| Preferred stock, par value | $0.00 | ||
| Preferred stock, shares authorized | 20.0M shares | ||
| Common stock, par value | $0.00 | $0.00 | |
| Common stock, shares authorized | 250.0M shares | 250.0M shares | |
| Common stock, shares, issued | 131.3M shares | 22.6M shares | |
| Common stock, shares, outstanding | 131.3M shares | 22.6M 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.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net (loss) | -$1.7M | -$1.3M |
| Depreciation | $9.2K | |
| Loss on note conversion | $388.7K | |
| Stock based compensation | $21.4K | $425.1K |
| Warrants issued for financing costs | $653.5K | $77.3K |
| Common stock issued for financing fees | $9.2K | $83.2K |
| Accounts receivable | $5.4K | |
| Other assets | $999 | |
| Cryptocurrcency | -$16.0K | |
| Inventory | $6.1K | |
| Security deposit | -$1.9K | |
| Accounts payable and accrued expenses | $295.0K | $505.2K |
| Net cash (used in) operating activities | -$336.9K | -$182.1K |
| Purchase of mining equipment | -$87.6K | |
| Net cash used in investing activities | -$87.6K | |
| Notes payable related parties | $13.9K | |
| Proceeds from convertible notes | $397.6K | $187.8K |
| Proceeds from loans payable | $37.5K | |
| Payments on loans payable | -$6.3K | -$20.6K |
| Net cash provided by financing activities | $428.8K | $181.1K |
| Net (decrease) in cash and cash equivalents | $4.3K | -$1.0K |
| Issuance of common stock to reduce accrued payroll liability to related party | $460.8K |
No quarter-by-quarter statement was filed.
What it owns
What NetBrands Corp. 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 |
|---|---|---|---|
| Machinery and equipment | $78.3K4 Dec 31, 2025 | ||
| Operating-lease assets (leased space) | $04 Dec 31, 2025 | $09 Dec 31, 2024 |
Investments
Leadership
Who has led NetBrands Corp., and when. Pick a name to see everywhere that person has worked.
President
- PresidentJames M. Cassidy Jun 21, 2018 to Jun 21, 201813
Board members and other officers (7)
- vice presidentJames K. McKillop Jun 21, 2018 to Jun 21, 201814
- Board memberJames Curtis Donegan Apr 5, 2021 to May 12, 202215
- Board memberMichael Cascione Apr 5, 2021 to May 12, 202216
- Board memberSandra G. Williams Apr 5, 2021 to May 12, 202217
- Board memberDavid Natan Apr 19, 2021 to May 12, 202218
- Board memberJames K. McKillop Jun 21, 2018 to Jun 21, 201814
- Board memberJames M. Cassidy Jun 21, 2018 to Jun 21, 201813
Former names
Timeline
- Apr 1, 20268-K Change of auditor19
- Nov 5, 20258-K Entered a material agreement20
- Sep 10, 20258-K Bylaws or fiscal year changed21
- Jul 29, 20258-K Entered a material agreement22
- Apr 10, 20258-K Change of auditor23
- Aug 30, 20248-K Unregistered sale of shares24
- Aug 14, 20248-K Executive or director change25
- Aug 12, 20248-K Executive or director change26
- May 8, 20248-K Change of auditor27
- Apr 12, 20248-K Executive or director change28
- Mar 29, 20248-K Entered a material agreement; New debt or obligation; Unregistered sale of shares29
- Jul 31, 20238-K Other events30
Filings
59 filings to the SEC since October 2021: 5 annual reports, 14 quarterly reports, 17 major events, 5 insider forms, 18 other. The latest 20:
- Aug 25, 202615-12G EDGAR
- Aug 14, 2026NT 10-Q EDGAR
- Jul 6, 2026DEF 14C EDGAR
- Jun 12, 2026PRE 14C EDGAR
- May 13, 202610-Q EDGAR
- Apr 15, 202610-K EDGAR
- Apr 1, 20268-K EDGAR
- Mar 31, 2026NT 10-K EDGAR
- Mar 6, 2026DEF 14C EDGAR
- Feb 13, 2026PRE 14C EDGAR
- Nov 5, 20258-K EDGAR
- Nov 4, 202510-Q EDGAR
- Oct 3, 2025144 EDGAR
- Sep 10, 20258-K EDGAR
- Aug 1, 2025DEF 14C EDGAR
- Jul 31, 202510-Q EDGAR
- Jul 29, 20258-K EDGAR
- Jul 18, 2025PRE 14C EDGAR
- May 13, 202510-Q EDGAR
- Apr 24, 202510-K 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.
SEC filer profile
How NetBrands Corp. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARNetBrands Corp.1
- CIK0001725911
- Employer ID (EIN)82-37076733
- Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; a shell company3
- Incorporated inDelaware3
- Fiscal year endsDecember 311
- Industry code (SIC)6199 Finance Services1
- SEC reviewing officeOffice of Crypto Assets, Division of Corporation Finance1
- Business address4042 Austin Boulevard, Suite B, Island Park, NY 115581
- Phone800-550-59961
- Shares outstanding361,392,060 as of May 11, 202611
- Public float$12.2K as of Jun 30, 20253
- AuditorShah Teelani & Associates, Gujarat, India PCAOB ID 7161; no auditor attestation of internal control over financial reporting3
- On EDGAR sinceJan 19, 20181
- Filings152 in all: 10-Q (25), 8-K (25), 4 (14), CORRESP (14), NT 10-Q (9), UPLOAD (9), 10-K (8), 3 (7)1
All 29 form types
S-1/A (5), EFFECT (4), S-1 (4), DEF 14C (3), NT 10-K (3), PRE 14C (3), 10-12G/A (2), 144 (2), SC 13G (2), SC 13G/A (2), 10-12G (1), 10-K/A (1), 10-Q/A (1), 15-12G (1), 4/A (1), 424B3 (1), D (1), D/A (1), POS AM (1), RW (1), SC 13D (1)
- Latest filingsAnnual report (10-K) Apr 15, 2026
Quarterly report (10-Q) May 13, 2026
Latest 8-K (8-K) Apr 1, 2026
Risk factors and legal proceedings
The risks NetBrands Corp. names in Item 1A of its 10-K filed Apr 15, 2026: 24 risks under these headings, as written.3
- Risks Related to our Business and Industry.
- Bitcoin prices are highly volatile, which may affect our ability to effectively manage growth plans and our profitability.
- The price of bitcoin may be influenced by regulatory, commercial, and technical factors that are highly uncertain.
- Fluctuations in the price of bitcoin may significantly influence the market price of our bitcoin holdings and therefore, the price of our common stock.
- Our assets are highly concentrated in a single asset, which enhances the risk inherent in our strategy.
- If we fail to grow our hash rate, we may be unable to compete, and our results of operations could suffer.
- Bitcoin is subject to halving, and as such the reward for successfully solving a block will halve several times in the future and its value may not adjust to compensate us for the reduction in the rewards we receive from our mining efforts, which could cause us to cease our mining operations altogether and investors could suffer a complete loss of their investment.
- The elimination of ordinals could have a material adverse effect on our results of operations and financial condition.
- To the extent that the profit margins of digital asset mining operations are not high, operators of digital asset mining operations are more likely to immediately sell their digital assets earned by mining in the digital asset exchange market, resulting in a reduction in the price of digital assets.
- The Company depends on its President to manage its business effectively, and the loss of the President could significantly impair the Company’s results.
- Our independent auditors have expressed their concern as to our ability to continue as a going concern.
- No assurance of additional capital to acquire more ASICs to expand operations.
The other 12 risks
- Failure to manage our growth effectively could cause our business to suffer and have an adverse effect on our financial condition and operating results.
- Limitations on director and officer liability and indemnification of our officers and directors by us may discourage stockholders from bringing suit against a director.
- Risks Related to Our Common Stock
- The Company has authorized the issuance of preferred stock with certain preferences.
- Future capital raises may dilute our existing shareholders’ ownership, the value of their equity securities and/or have other adverse effects on our operations.
- The sale of shares of our Common Stock to Trillium may cause dilution, and the subsequent resale of the shares of our Common Stock acquired by Trillium, or the perception that such resales may occur, could cause the price of our Common Stock to fall.
- Trillium will pay less than the then-prevailing market price for our Common Stock.
- The Company’s election not to opt out of the JOBS Act extended accounting transition period may not make its financial statements easily comparable to other companies.
- “Penny Stock” rules may make buying or selling our common stock difficult. Limitations upon Broker-Dealers Effecting Transactions in “Penny Stocks”
- FINRA sales practice requirements may also limit a stockholder’s ability to buy and sell our stock.
- We are an “emerging growth company” under the JOBS Act of 2012 and a “smaller reporting company” and, as a result of the reduced disclosure and governance requirements applicable to emerging growth companies and smaller reporting companies, our common stock may be less attractive to investors.
- Our status as an “emerging growth company” under the JOBS Act may make it more difficult to raise capital as and when we need it.
- Since we are traded on the OTCID OTC Market, an active, liquid trading market for our common stock may not develop or be sustained. If and when an active market develops the price of our common stock may be volatile.
- We have no independent directors
- Cybersecurity
Legal proceedings
On January 10, 2024, a lawsuit was commenced against the Company by 1800 Diagonal Lending LLC, a Virginia limited liability company (“1800 Diagonal”), in the Circuit Court of Fairfax County, Virginia (the “Action”), seeking to recover $151,325.08 of outstanding indebtedness due under an unsecured convertible promissory note (the “1800 Diagonal Note”). As of January 10, 2024, the Company acknowledged the outstanding indebtedness under the 1800 Diagonal Note, and agreed to pay 1800 Diagonal (a) $5,000 on each of March 1, 2024, April 1, 2024, and May 1, 2024, and (b) $7,500 on June 1, 2024, and the 1st day of each successive month thereafter until the indebtedness is paid in full (anticipated to span approximately 18 months). Provided that all payments are timely made, 1800 Diagonal agreed to forbear and not (a) prosecute the Action, or (b) convert all or any part of the outstanding and unpaid amount of the 1800 Diagonal Note into shares of the Company’s common stock. Any payment not timely received shall constitute a default, and upon such default 1800 Diagonal’s forbearance shall immediately be vacated and 1800 Diagonal shall be free, without restriction, to pursue the Action.
Other than as set forth above, there are no pending legal proceedings to which the Company is a party or in which any director, officer or affiliate of the Company, any owner of record or beneficially of more than 5% of any class of voting securities of the Company, or security holder is a party adverse to the Company or has a material interest adverse to the Company. The Company’s property is not the subject of any pending legal proceedings.
The opening of Item 3, Legal Proceedings.3
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARNetBrands Corp. filings on SEC EDGAR
- 2SEC EDGARNetBrands Corp. filings on SEC EDGAR
- 3
- 4SEC EDGARNetBrands Corp. 10-K for fiscal 2025
- 5SEC EDGARNetBrands Corp. 10-K for fiscal 2019
- 6SEC EDGARNetBrands Corp. 10-K for fiscal 2020
- 7SEC EDGARNetBrands Corp. 10-K for fiscal 2021
- 8SEC EDGARNetBrands Corp. 10-K for fiscal 2022
- 9SEC EDGARNetBrands Corp. 10-K for fiscal 2023
- 10SEC EDGARNetBrands Corp. 10-Q for fiscal 2025
- 11SEC EDGARNetBrands Corp. 10-Q for fiscal 2026
- 12SEC EDGARNetBrands Corp. 10-Q for fiscal 2025
- 13SEC EDGARJames M. Cassidy, President
- 14SEC EDGARJames K. McKillop, vice president
- 15SEC EDGARJames Curtis Donegan, Board member
- 16SEC EDGARMichael Cascione, Board member
- 17SEC EDGARSandra G. Williams, Board member
- 18SEC EDGARDavid Natan, Board member
- 19SEC EDGARChange of auditor
- 20SEC EDGAREntered a material agreement
- 21SEC EDGARBylaws or fiscal year changed
- 22SEC EDGAREntered a material agreement
- 23SEC EDGARChange of auditor
- 24SEC EDGARUnregistered sale of shares
- 25SEC EDGARExecutive or director change
- 26SEC EDGARExecutive or director change
- 27SEC EDGARChange of auditor
- 28SEC EDGARExecutive or director change
- 29
- 30SEC EDGAROther events