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RWAX on OTC

TAP REAL ESTATE TECHNOLOGIES, INC.

TAP REAL ESTATE TECHNOLOGIES, INC. is an American wholesale-durable goods company based in New Canaan.1 Its shares trade on OTC under the symbol RWAX.1

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Last updated Oct 21, 2026.

Overview

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  • TickerRWAX on OTC1
  • IndustryWholesale-Durable Goods1
  • HeadquartersNew Canaan, Connecticut1
  • Incorporated inDE2
  • Business address26 Cross Street, New Canaan, Ct 068402
  • Filer category, Emerging growth company2

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Company was redomiciled on November 30, 2020 to the state of Delaware. The name change to TAP Real Estate occurred on March 4, 2026.3 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

Revenue456$0 in 2025
0$500.0K$1.0M$1.5M2021: $1.4M$1.4M20212022: $454.1K$454.1K2022−67%2023: $1.0M$1.0M2023+122%2024: $0$020242025: $0$02025
Gross profit45$562.5K in 2023+9% since 2021
0$200.0K$400.0K$600.0K2021: $516.6K$516.6K20212022: $272.8K$272.8K2022−47%2023: $562.5K$562.5K2023+106%
Operating income4576-$7.6M in 2025−73% since 2021
-$40.0M-$30.0M-$20.0M-$10.0M02021: -$28.3M-$28.3M20212022: -$37.7M-$37.7M2022+34%2023: -$10.1M-$10.1M2023−73%2024: -$8.3M-$8.3M2024−17%2025: -$7.6M-$7.6M2025−8%
Net income4576-$16.0M in 2025−68% since 2021
-$60.0M-$40.0M-$20.0M02021: -$49.7M-$49.7M20212022: -$48.6M-$48.6M2022−2%2023: -$4.3M-$4.3M2023−91%2024: -$14.4M-$14.4M2024+235%2025: -$16.0M-$16.0M2025+11%

Every line of the income statement as filed: the last 2 fiscal years, latest first.6

Period ending2025-12-312024-12-31
Professional fees$1.3M$1.1M
Settlement$2.1M$3.0M
General and administrative expenses$4.1M$4.3M
Total Operating Expenses$7.6M$8.3M
OPERATING LOSS-$7.6M-$8.3M
Interest expense-$1.3M-$529.1K
Gain on sale of HUMBL Financial assets$2.8M
Amortization of debt discounts-$744.2K-$341.0K
Loss on investee-$846.1K
Change in fair value of derivative liability$122.5K$15.3K
Derivative expense-$1.1M-$79.0K
Loss on disposal of minerals-$20.0M
Loss on extinguishment of debt-$31.3K
Loss on conversion of convertible notes payable-$1.2M-$5.0M
Total Non-Operating Income (Expenses)-$25.2M-$3.1M
NET LOSS FROM CONTINUING OPERATIONS BEFORE DISCONTINUED OPERATIONS AND PROVISION FOR INCOME TAXES-$32.8M-$11.4M
Loss from discontinued operations-$36.3K-$3.0M
Gain (loss) on disposal of discontinued operations$16.8M-$26.3K
Total discontinued operations$16.8M-$3.0M
NET LOSS FROM OPERATIONS BEFORE PROVISION FOR INCOME TAXES-$16.0M-$14.4M
NET LOSS-$16.0M-$14.4M
Less: Deemed Dividend-$860.6K
NET LOSS AVAILABLE TO COMMON SHAREHOLDERS-$16.8M-$14.4M
Net loss per share - basic to available common shareholders, continuing operations$0$0
Net loss per share - diluted to available common shareholders, continuing operations$0$0
Net loss per share - basic to available common shareholders, discontinued operations$0$0
Net loss per share - diluted to available common shareholders, discontinued operations$0$0
Net loss per share - basic to available common shareholders$0.00$0.00
Net loss per share - diluted to available common shareholders$0.00$0.00
Weighted average common shares outstanding - Basic43.4B shares17.6B shares
Weighted average common shares outstanding - Diluted43.4B shares17.6B shares

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Corporate structure

TAP REAL ESTATE TECHNOLOGIES, INC. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of TAP REAL ESTATE TECHNOLOGIES, INC.

  • BRU LLC Filed SCHEDULE 13G on TAP REAL ESTATE TECHNOLOGIES, INC., latest Nov 13, 2024
  • TAP REAL ESTATE TECHNOLOGIES, INC. New Canaan, Connecticut

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What TAP REAL ESTATE TECHNOLOGIES, 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.

Properties, in its own words

We currently rent an office in San Diego, California at a monthly cost of $500 (“Company Headquarters”). The lease for our Company Headquarters has a month-to-month term. We believe that the Company Headquarters are currently adequate for the purposes of our operations. We do not own any real property.

Item 2 of the 10-K filed Mar 31, 2026.3

Leadership

Who has led TAP REAL ESTATE TECHNOLOGIES, INC., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Henry J. Boucher Jr.2006–2008
2010201520202025
Board members and other officers (3)

Former names

  • HUMBL, INC.Jul 29, 2021 to Feb 23, 20262
  • Tesoro Enterprises, Inc.Aug 23, 2011 to Aug 23, 20112
  • Tesoro Distributors, Inc.May 29, 2009 to Jul 9, 20102
  • IWT TESORO CORPOct 8, 2002 to Nov 19, 20082
  • PONCA ACQUISITIONNov 20, 2000 to Oct 1, 20022

Timeline

  1. Sep 10, 20268-K Entered a material agreement; Regulation FD disclosure12
  2. Jul 2, 20268-K Entered a material agreement13
  3. May 29, 20268-K Entered a material agreement14
  4. Apr 6, 20268-K Entered a material agreement15
  5. Mar 30, 20268-K Entered a material agreement16
  6. Dec 31, 20258-K Entered a material agreement; Executive or director change17
  7. Sep 17, 20258-K Entered a material agreement; Executive or director change; Regulation FD disclosure18
  8. Jul 25, 20258-K Entered a material agreement19
  9. Apr 9, 20258-K Entered a material agreement; Regulation FD disclosure20
  10. Mar 18, 20258-K Entered a material agreement; Regulation FD disclosure21
  11. Mar 6, 20258-K Entered a material agreement; Regulation FD disclosure22
  12. Feb 6, 20258-K Entered a material agreement; Other events23
  13. Aug 22, 2006New chief executive Henry J. Boucher Jr. becomes CEO10

Filings

114 filings to the SEC since October 2021: 4 annual reports, 13 quarterly reports, 42 major events, 1 large holders, 54 other. The latest 20:

  1. Sep 10, 20268-K EDGAR
  2. Aug 12, 202610-Q EDGAR
  3. Jul 2, 20268-K EDGAR
  4. May 29, 20268-K EDGAR
  5. May 13, 202610-Q EDGAR
  6. Apr 6, 20268-K EDGAR
  7. Mar 31, 202610-K EDGAR
  8. Mar 30, 20268-K EDGAR
  9. Feb 23, 2026DEF 14C EDGAR
  10. Feb 5, 2026PRE 14C EDGAR
  11. Dec 31, 20258-K EDGAR
  12. Nov 14, 202510-Q EDGAR
  13. Sep 17, 20258-K EDGAR
  14. Aug 14, 202510-Q EDGAR
  15. Jul 25, 20258-K EDGAR
  16. Jul 9, 2025SEC STAFF ACTION EDGAR
  17. Jun 5, 202510-Q EDGAR
  18. May 15, 2025NT 10-Q EDGAR
  19. May 9, 202510-K EDGAR
  20. Apr 30, 2025DEF 14C EDGAR

The 114 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.

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.

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
Kohmann Bosshard Financial Services, LLC183,875$370.0%−1,475
Dumont & Blake Investment Advisors LLC20,000$40.0%No change
Game Plan Financial Advisors, LLC20,000$40.0%No change
Minot DeBlois Advisors LLC6,232$10.0%New

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

SEC filer profile

How TAP REAL ESTATE TECHNOLOGIES, INC. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARTAP REAL ESTATE TECHNOLOGIES, INC.1
  • CIK0001119190
  • Employer ID (EIN)27-12963183
  • Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; a shell company3
  • Incorporated inDelaware3
  • Fiscal year endsDecember 311
  • Industry code (SIC)5000 Wholesale-Durable Goods1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business address26 Cross Street, New Canaan, CT 068401
  • Phone203-930-74271
  • Shares outstanding61,921,332,657 as of Aug 12, 20269
  • Public float$13.2M as of Jun 30, 20253
  • AuditorFruci & Associates II, PLLC, Spokane, Washington PCAOB ID 55253
  • On EDGAR sinceAug 7, 20001
  • Filings365 in all: 8-K (98), 4 (50), 10-Q (25), 3 (16), 8-K/A (15), 10QSB (14), CORRESP (12), DEF 14C (12)1
    All 45 form types

    UPLOAD (11), NT 10-Q (9), S-1/A (9), 10-K (7), PRE 14C (7), SC 13D/A (7), 10-Q/A (6), NT 10-K (6), SC 13D (6), 10QSB/A (5), 10KSB (4), 10KSB/A (4), S-1 (4), 424B3 (3), D (3), REGDEX (3), SB-2/A (3), 10-K/A (2), 4/A (2), POS AM (2), RW (2), SC 13G (2), SC 13G/A (2), 1-A (1), 1-A/A (1), 10SB12G (1), 144 (1), 15-12G (1), 5 (1), 8-A12G (1), D/A (1), DRS (1), EFFECT (1), S-8 (1), SB-2 (1), SCHEDULE 13G (1), SEC STAFF ACTION (1)

  • Latest filingsAnnual report (10-K) Mar 31, 2026
    Quarterly report (10-Q) Aug 12, 2026
    Latest 8-K (8-K) Sep 10, 2026

Securities registered for trading

ClassSymbolExchange
RWAX

From the cover page of the 10-K filed Mar 31, 2026 (Section 12(b) of the Exchange Act).3

Risk factors and legal proceedings

The risks TAP REAL ESTATE TECHNOLOGIES, INC. names in Item 1A of its 10-K filed Mar 31, 2026: 27 risks under these headings, as written.3

  • Risks Related to Our Real Estate Tokenization Business
  • The regulatory framework surrounding real estate tokenization is uncertain and evolving, which could adversely affect our business
  • Our real estate tokenization technology is new and relatively unproven, and we may not achieve market acceptance
  • We do not own the intellectual property we use and rely on a temporary license that may not be extended
  • The valuation of tokenized real estate assets involves significant judgment and uncertainty
  • We face significant competition in the real estate tokenization market from both traditional real estate companies and emerging technology platforms
  • Risks Related to Our Company and Our Business
  • We are dependent on a license agreement for rights to critical intellectual property, and the loss or impairment of those rights could materially harm our business.
  • Our operating losses and working capital deficiency raise substantial doubt about our ability to continue as a going concern. If we do not continue as a going concern, investors could lose their entire investment.
  • We may acquire other assets or businesses, or form collaborations or make investments in other companies or technologies that could harm our operating results, dilute our stockholders’ ownership, increase our debt or cause us to incur significant expense.
  • Current global financial conditions have been characterized by increased volatility which could negatively impact our business, prospects, liquidity and financial condition.
  • We are growing the size of our organization, and we may experience difficulties in managing any growth we may achieve.
The other 17 risks
  • Our potential for rapid growth and our entry into new markets make it difficult for us to evaluate our current and future business prospects, and we may be unable to effectively manage any growth associated with these new markets, which may increase the risk of your investment and could harm our business, financial condition, results of operations and cash flow.
  • If we are unable to develop and maintain our brand and reputation for our service and product offerings, our business and prospects could be materially harmed.
  • Our expansion into new products, services, technologies, and geographic regions subjects us to additional risks.
  • Our financial results fluctuate and may be difficult to forecast, and this may cause a decline in the trading price of our stock.
  • Our plans for expansion cannot be implemented if we lose our key personnel or cannot recruit additional personnel.
  • We have an evolving business model with still untested growth initiatives.
  • If we do not begin to generate significant revenues, we will still need to raise additional capital to meet our long-term business requirements. Any such capital raising may be costly or difficult to obtain and would likely dilute current stockholders’ ownership interests. If we are unable to secure additional financing in the future, we will not be able to continue as a going concern.
  • Risks Related to Our Common Stock
  • Our securities are “Penny Stock” and subject to specific rules governing their sale to investors.
  • Because we became public by means of a merger, we may not be able to attract the attention of major brokerage firms.
  • Applicable regulatory requirements, including those contained in and issued under the Sarbanes-Oxley Act of 2002, may make it difficult for us to retain or attract qualified officers and directors, which could adversely affect the management of our business and our ability to obtain or retain listing of our common stock.
  • If we fail to maintain an effective system of internal controls, we may not be able to accurately report our financial results or detect fraud. Consequently, investors could lose confidence in our financial reporting and this may decrease the trading price of our stock.
  • The price of our common stock may become volatile, which could lead to losses by investors and costly securities litigation.
  • Our bylaws include a forum selection clause, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us, remove current management or to be acquired by a third party.
  • We are an “emerging growth company,” and we cannot be certain if the reduced reporting requirements applicable to emerging growth companies will make our common stock less attractive to investors.
  • If we do not meet the listing standards of a national securities exchange our investors’ ability to make transactions in our securities will be limited, and we will be subject to additional trading restrictions.
  • Because we do not anticipate paying any cash dividends on our capital stock in the foreseeable future, capital appreciation, if any, will be your sole source of gain.
  • Some provisions of our charter documents and Delaware law may have anti-takeover effects that could discourage an acquisition of us by others, even if an acquisition would be beneficial to our stockholders and may prevent attempts by our stockholders to replace or remove our current management.

Legal proceedings

On May 19, 2022, we were named as a defendant in a putative shareholder derivative class action lawsuit filed in the United States District Court for the Southern District of California styled Matt Pasquinelli and Bryan Paysen v. HUMBL, LLC, Brian Foote, Jeffrey Hinshaw and George Sharp, Case No. 22CV0723 AJB BLM. The complaint alleges federal securities law violations by the Company, including false or misleading statements regarding our business and operations, that the HUMBL Pay App did not have the functionality that it promised to investors and that several international business partnerships had a low chance of contributing material revenues to our bottom line, and sales of unregistered securities through our BLOCK Exchange Traded Index products, which plaintiffs allege caused a decline in the market value of our shares of common stock. Plaintiffs seek unspecified monetary damages. On July 7, 2023, the United States District Court for the Southern District of California granted our Motion to Transfer Venue and transferred the case to the District Court of Delaware. On October 30, 2023, we filed a Motion to Dismiss the lawsuit with the District Court of Delaware which the parties have fully briefed. On March 27, 2025, the court granted our motion and dismissed the case without prejudice. On April 10, 2025, the plaintiffs filed an amended complaint. On May 15, 2025, we filed a Motion to Dismiss the amended complaint with the District Court of Delaware. On December 19, 2025, a Memorandum Order was issued by the United States District Court for the District of Delaware has dismissed, with prejudice, the Second Amended Class Action Complaint filed against the Company and the current and former officers and directors, fully terminating the claims against all defendants. On January 15, 2026, the plaintiffs filed a notice of appeal with the United States Court of Appeals for the Third Circuit.

The opening of Item 3, Legal Proceedings.3

Sources

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