Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to _____________ Commission file number: 001-41252 T Stamp Inc. (D/B/A Trust Stamp) (Exact name of registrant as specified in its charter) | ...

[PART I Consolidated Financial Information](index=4&type=section&id=PART%20I%20Consolidated%20Financial%20Information) [Financial Statements](index=4&type=section&id=Item%201.%20Financial%20Statements) The unaudited condensed consolidated financial statements for Q2 2025 show decreased assets, net losses, and a stockholders' deficit, raising going concern doubts Condensed Consolidated Balance Sheet Highlights (in thousands) | Account | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | **Total Assets** | **$20,602** | **$122,276** | | Cash & Restricted Cash | $14,980 | $92,031 | | Goodwill | $0 | $18,856 | | **Total Liabilities** | **$27,539** | **$123,768** | | Long term debt, net | $613 | $17,363 | | **Total Stockholders' Deficit** | **($6,937)** | **($1,492)** | Condensed Consolidated Statements of Operations Highlights (in thousands, except per share data) | Metric | Q2 2025 | Q2 2024 | Six Months 2025 | Six Months 2024 | | :--- | :--- | :--- | :--- | :--- | | Revenue | $2,783 | $2,972 | $5,552 | $12,646 | | Gross Profit | $1,219 | $1,126 | $2,588 | $5,279 | | Loss from Operations | ($3,286) | ($13,343) | ($7,687) | ($16,792) | | Net Loss | ($8,408) | ($12,111) | ($11,164) | ($14,801) | | Net Loss Per Share | ($0.80) | ($1.88) | ($1.19) | ($2.39) | Condensed Consolidated Statement of Cash Flows Highlights (in thousands) | Cash Flow Activity (Six Months Ended June 30) | 2025 | 2024 | | :--- | :--- | :--- | | Net cash (used in) provided by operating activities | ($3,146) | $2,695 | | Net cash used in investing activities | ($76,263) | ($645) | | Net cash provided by (used in) financing activities | $1,994 | ($199) | | **Net (decrease) increase in cash and restricted cash** | **($77,050)** | **$1,842** | [Notes to Unaudited Condensed Consolidated Financial Statements](index=10&type=section&id=Notes%20to%20Unaudited%20Condensed%20Consolidated%20Financial%20Statements) This section details the company's business transition, going concern issues, the Ryvyl EU sale, senior convertible note settlement, and a recent public offering - The company, a financial technology firm, transitioned its QuickCard to a licensing model and now operates solely in North America after selling its European subsidiary, Ryvyl EU, effective June 1, 2025[19](index=19&type=chunk)[21](index=21&type=chunk) - Substantial doubt exists about the Company's ability to continue as a going concern due to declining revenues from QuickCard discontinuation and the sale of its profitable European subsidiary, with management planning capital raises and cost controls[26](index=26&type=chunk)[27](index=27&type=chunk)[28](index=28&type=chunk) - The company sold its wholly-owned subsidiary Ryvyl EU for **$16.5 million**, recognizing a loss of approximately **$6.5 million** on the sale[61](index=61&type=chunk) - The **$100 million** 8% senior convertible note was fully settled, with the remaining **$4.0 million** principal converted into **7,118,843 shares** of common stock in Q2 2025[77](index=77&type=chunk)[91](index=91&type=chunk)[114](index=114&type=chunk) - Subsequent to quarter end, on July 16, 2025, the company raised approximately **$6.0 million** gross proceeds from a public offering of **15,384,615 shares** of common stock and warrants[146](index=146&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=40&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses going concern doubts due to product discontinuation and subsidiary sale, detailing revenue decline, expense reductions, and an 'Enhanced Plan' for future growth - Management acknowledges substantial doubt about the company's ability to continue as a going concern, with current cash sufficient only until approximately December 31, 2025, without additional capital[156](index=156&type=chunk)[157](index=157&type=chunk) - Following the Ryvyl EU sale, the company is pursuing an 'Enhanced Plan' to explore complementary technology acquisitions and potentially adopt a Crypto Treasury Allocation policy[159](index=159&type=chunk)[162](index=162&type=chunk) - Significant cost-cutting measures include a **42% reduction** in employees and project terminations, expected to reduce expenses by approximately **$1.2 million** per quarter starting H2 2025[161](index=161&type=chunk) Results of Operations Comparison (in thousands) | Period | Revenue | Change | Gross Profit | Change | Net Loss | Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | **Q2 2025 vs Q2 2024** | $2,783 | (6.4)% | $1,219 | 8.3% | ($8,408) | (30.6)% | | **H1 2025 vs H1 2024** | $5,552 | (56.1)% | $2,589 | (51.0)% | ($11,164) | (24.6)% | - The company's working capital was negative **$8.1 million** at June 30, 2025, with liquidity adversely impacted by QuickCard discontinuation and loss of profit repatriation from the sold European subsidiary[173](index=173&type=chunk)[174](index=174&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=48&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) As a smaller reporting company, the company is not required to provide quantitative and qualitative disclosures about market risk - As a smaller reporting company under Rule 12b-2 of the Exchange Act, RYVYL Inc. is not required to provide quantitative and qualitative market risk disclosures[181](index=181&type=chunk) [Controls and Procedures](index=48&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded the company's disclosure controls and procedures were effective as of June 30, 2025, with no material changes to internal control over financial reporting during the quarter - The CEO and CFO concluded the company's disclosure controls and procedures were effective as of June 30, 2025[182](index=182&type=chunk) - No material changes in internal control over financial reporting occurred during the quarter[183](index=183&type=chunk) [PART II Other Information](index=49&type=section&id=PART%20II%20Other%20Information) [Legal Proceedings](index=49&type=section&id=Item%201.%20Legal%20Proceedings) The company is involved in several legal proceedings, including a resolved SEC investigation and settlement agreements in principle for a class action and shareholder derivative lawsuits - The company resolved an SEC investigation by consenting to a judgment without admitting wrongdoing or paying a monetary penalty[141](index=141&type=chunk)[186](index=186&type=chunk) - A settlement in the Cullen v. RYVYL Inc. class action lawsuit includes **$300,000 cash**, **700,000 shares** of common stock, and a put option for a total value of at least **$1 million**, pending court approval[142](index=142&type=chunk)[189](index=189&type=chunk) - Multiple shareholder derivative complaints alleging breaches of fiduciary duty have reached an agreement in principle for settlement, pending documentation and court approval[144](index=144&type=chunk)[189](index=189&type=chunk) [Risk Factors](index=52&type=section&id=Item%201A.%20Risk%20Factors) The company faces significant risks, including substantial doubt about its going concern ability and potential Nasdaq delisting due to non-compliance with equity and bid price requirements - Substantial doubt exists about the company's ability to continue as a going concern, with current cash sufficient only until approximately December 31, 2025, without additional capital[191](index=191&type=chunk) - The company is not in compliance with Nasdaq's listing requirements, failing to meet the minimum stockholders' equity of **$2.5 million** and the minimum bid price of **$1.00** per share[193](index=193&type=chunk)[194](index=194&type=chunk)[196](index=196&type=chunk) - The company has until October 6, 2025, to regain stockholders' equity compliance and until December 9, 2025, for minimum bid price compliance, or face delisting[194](index=194&type=chunk)[197](index=197&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=53&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) No unregistered sales of equity securities occurred during the period - None reported for the period[199](index=199&type=chunk) [Defaults Upon Senior Securities](index=54&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) No defaults upon senior securities occurred during the period - None reported for the period[200](index=200&type=chunk) [Mine Safety Disclosures](index=54&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable to the company - Not applicable[201](index=201&type=chunk) [Other Information](index=54&type=section&id=Item%205.%20Other%20Information) No directors or officers adopted or terminated Rule 10b5-1 or non-Rule 10b5-1 trading arrangements during the quarter - No directors or officers adopted or terminated any Rule 10b5-1 or non-Rule 10b5-1 trading arrangements during the quarter[202](index=202&type=chunk) [Exhibits](index=54&type=section&id=Item%206.%20Exhibits) The report includes certifications from the Principal Executive Officer and Principal Financial Officer, along with Inline XBRL documents - Exhibits filed include CEO and CFO certifications (31.1, 31.2, 32.1, 32.2) and Inline XBRL data files (101 series)[203](index=203&type=chunk)

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) 268 Post Road Suite 200 Fairfield, CT (Address of principal executive offices) Registrant's telephone number, including area code: (917) 503-9722 Securities registered pursuant to Section 12(b) of the Act: None. For the transition period from to . Commission File Number 001-41150 Southport Acquisition Corporation (Exact name of registrant as specified in its charter) | Delaware | 86-3483780 | | --- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-41751 MDB CAPITAL HOLDINGS, LLC (Exact name of registrant as specified in its charter) Delaware 87-4366624 (State or other jurisdiction of incorporation or organization) 141 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended: June 30, 2025 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ___ to ___ Commission File Number 001-38286 ENVERIC BIOSCIENCES, INC. (Exact name of registrant as specified in its charter) Delaware 95-4484725 (State or other jurisdic ...

Exhibit 99.1 Newton Golf Company Reports Second Quarter 2025 Financial Results Revenue Climbs 154% Year-over-Year as Tour Adoption and Product Momentum Accelerate ● Q2 2025: Revenue increased 154% year-over-year to $2.1 million, compared to $813,000 in Q2 2024 ● First Six Months 2025: Revenue increased 182% year-over-year to $3.3 million, compared to $1.2 million in the first half of 2024 ● Q2 2025: Gross profit rose 186% to $1.4 million, up from $489,000 in Q2 2024 ● First Six Months 2025: Gross profit inc ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Period Ended June 30, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM ______ TO _________ Commission File Number: 001-42388 Thumzup Media Corporation (Exact name of registrant as Specified in its Charter) | Nevada | 511210 | 85-3651036 | | --- | --- | - ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission file number: 001-40725 Jet.AI Inc. (Exact Name of Registrant As Specified In Its Charter) Delaware 93-2971741 (State or other jurisdiction ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission file number: 001-40725 Jet.AI Inc. (Exact Name of Registrant As Specified In Its Charter) Delaware 93-2971741 (State or other jurisdiction ...

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