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Thumzup Media Corporation(TZUP) - 2025 Q2 - Quarterly Report
2025-08-14 20:08
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 | | --- | --- | - ...
OXBRIDGE ACQUISI(OXAC) - 2025 Q2 - Quarterly Report
2025-08-14 20:08
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 ...
Jet.AI (JTAI) - 2025 Q2 - Quarterly Report
2025-08-14 20:08
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 ...
Venu Holding Corp(VENU) - 2025 Q2 - Quarterly Report
2025-08-14 20:08
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly 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: 001-42422 Venu Holding Corporation (Exact name of registrant as specified in its charter) Colorado 82-0890721 1755 Telst ...
Lazydays Holdings(GORV) - 2025 Q2 - Quarterly Report
2025-08-14 20:08
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) 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 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: 001-38424 Lazydays Holdings, Inc. (Exact Name of Registrant as Specified in its Charter) | ...
Lazydays (LAZY) - 2025 Q2 - Quarterly Report
2025-08-14 20:08
Table of Contents FORM 10-Q UNITED STATES SECURITIES AND EXCHANGE COMMISSION (Mark One) 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 or Washington, D.C. 20549 ¨ 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: 001-38424 Lazydays Holdings, Inc. (Exact Name of Registrant as Specified in its Charter) | ...
AgriFORCE Growing Systems .(AGRI) - 2025 Q2 - Quarterly Report
2025-08-14 20:08
[PART I — FINANCIAL INFORMATION](index=5&type=section&id=PART%20I%20%E2%80%94%20FINANCIAL%20INFORMATION) [Financial Statements](index=5&type=section&id=Item%201.%20Financial%20Statements) AgriFORCE saw revenue growth from Bitcoin mining but a wider **$8.2 million** net loss, with a **$9.7 million** working capital deficiency raising going concern doubts [Condensed Consolidated Balance Sheets](index=5&type=section&id=Unaudited%20Condensed%20Consolidated%20Balance%20Sheets) Assets increased to **$15.2 million** by June 30, 2025, driven by Bitcoin mining investments, financed by debentures, resulting in a **$9.7 million working capital deficiency** Consolidated Balance Sheet Highlights (as of June 30, 2025 vs. Dec 31, 2024) | Metric | June 30, 2025 (Unaudited) | December 31, 2024 | | :--- | :--- | :--- | | **Assets** | | | | Cash | $185,313 | $489,868 | | Digital assets | $724,971 | $26,282 | | Total current assets | $1,401,103 | $1,307,233 | | Property and equipment, net | $4,807,533 | $808,895 | | Total assets | $15,243,271 | $10,763,983 | | **Liabilities & Equity** | | | | Debentures | $7,976,752 | $1,443,209 | | Total current liabilities | $11,068,922 | $4,320,265 | | Total liabilities | $11,184,288 | $4,652,730 | | Total shareholders' equity | $4,058,983 | $6,111,253 | - The company had a working capital deficiency of **$9.7 million** as of June 30, 2025, indicating significant short-term liquidity risk[32](index=32&type=chunk) [Condensed Consolidated Statements of Comprehensive Loss](index=7&type=section&id=Unaudited%20Condensed%20Consolidated%20Statements%20of%20Comprehensive%20Loss) Revenue surged to **$725,209** for the six months ended June 30, 2025, driven by Bitcoin mining, but net loss widened to **$8.2 million** due to debt extinguishment and discontinued operations losses Statement of Comprehensive Loss Summary (Six Months Ended June 30) | Metric | 2025 | 2024 | | :--- | :--- | :--- | | Revenue | $725,209 | $41,315 | | Operating Loss | $(3,184,292) | $(2,515,099) | | Net Loss from Continuing Operations | $(6,804,649) | $(7,559,799) | | Net Loss from Discontinued Operations | $(1,401,048) | $0 | | **Net Loss** | **$(8,205,697)** | **$(7,559,799)** | | Basic and Diluted EPS (Total) | $(31.59) | $(290.57) | [Condensed Consolidated Statements of Cash Flows](index=11&type=section&id=Unaudited%20Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Net cash used in operations increased to **$3.1 million**, with **$5.7 million** used in investing for mining facilities, funded by **$8.5 million** in financing, resulting in a cash decrease of **$304,555** Cash Flow Summary (Six Months Ended June 30) | Category | 2025 | 2024 | | :--- | :--- | :--- | | Net cash used in operating activities | $(3,056,552) | $(2,228,537) | | Net cash used in investing activities | $(5,683,307) | $0 | | Net cash provided by financing activities | $8,542,000 | $1,363,255 | | **Change in cash** | **$(304,555)** | **$(941,082)** | | Cash, end of period | $185,313 | $2,937,496 | [Notes to Financial Statements](index=13&type=section&id=Notes%20to%20Unaudited%20Condensed%20Financial%20Statements) Notes detail the company's pivot to Bitcoin mining, acquisition of Bald Eagle facility, disposal of RCS, reliance on convertible debentures, and a **going concern warning** - The company has pivoted its strategy to focus on sustainable Bitcoin mining, which began in 2024 and now represents its main operation[28](index=28&type=chunk)[29](index=29&type=chunk) - Management has identified substantial doubt about the company's ability to continue as a going concern due to recurring net losses, a working capital deficiency of **$9.7 million**, and the need for additional financing[32](index=32&type=chunk)[33](index=33&type=chunk) - On January 17, 2025, the company acquired the Bald Eagle Bitcoin mining facility in Ohio for a total purchase price of **$4,765,000**[84](index=84&type=chunk) - On July 1, 2025, the company agreed to return the assets of Radical Clean Solutions (RCS) to the seller, resulting in a loss on disposal of **$904,112** for the period ended June 30, 2025[78](index=78&type=chunk)[101](index=101&type=chunk) - The company has issued multiple tranches of convertible debentures, with down-round provisions that adjust conversion and strike prices downward upon subsequent dilutive equity issuances[103](index=103&type=chunk)[113](index=113&type=chunk)[114](index=114&type=chunk) [Management's Discussion and Analysis (MD&A)](index=43&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) MD&A details the company's pivot to energy-first digital infrastructure and Bitcoin mining, with revenue of **$725,209**, increased operating expenses, an **$8.2 million** net loss, and a **going concern warning** - The company has rebranded its strategy to be an "energy-first digital infrastructure company" focusing on modular, off-grid compute platforms for AI, edge computing, and crypto mining[174](index=174&type=chunk) - The company's three-pillar strategy includes: 1) using modular architecture for crypto mining and AI compute, 2) deploying mobile gas-to-power units, and 3) building a strategic digital reserve of Bitcoin[178](index=178&type=chunk) - The weighted average cost to mine one Bitcoin across its facilities is approximately **$44,400**[209](index=209&type=chunk)[210](index=210&type=chunk) - The company is holding up to **50%** of mined Bitcoin as part of a treasury strategy and has begun using its Bitcoin holdings as collateral for loans[206](index=206&type=chunk) [Results of Operations](index=50&type=section&id=Results%20of%20Operations) Revenue increased to **$725,209**, primarily from Bitcoin mining, while total operating expenses rose **53%** to **$3.9 million**, leading to an **$8.2 million** net loss due to debt extinguishment and discontinued operations Revenue Breakdown (Six Months Ended June 30) | Revenue Source | 2025 | 2024 | | :--- | :--- | :--- | | Bitcoin Mining | $724,768 | $0 | | Hydroxyl Devices | $531 | $41,315 | | **Total Revenue** | **$725,209** | **$41,315** | Operating Expenses Comparison (Six Months Ended June 30) | Expense Category | 2025 | 2024 | Change (%) | | :--- | :--- | :--- | :--- | | Cost of revenue | $462,854 | $33,731 | +1272.2% | | Wages and salaries | $1,158,190 | $719,220 | +61.0% | | Professional fees | $579,642 | $329,729 | +75.8% | | Depreciation and amortization | $593,735 | $329,939 | +80.0% | | **Total Operating Expenses** | **$3,909,501** | **$2,556,414** | **+52.9%** | [Liquidity and Capital Resources](index=53&type=section&id=Liquidity%20and%20Capital%20Resources) Liquidity is constrained with cash at **$185,313**, a net loss of **$8.2 million**, and a significant working capital deficit, raising substantial doubt about **going concern**, requiring additional capital - The company's financial statements have been prepared on a going concern basis, but factors like recurring losses and a working capital deficit raise substantial doubt about its ability to continue[235](index=235&type=chunk) - To fund operations for the next twelve months, the company will seek additional capital through debt or equity sales, including its At the Market (ATM) facility, but there is no assurance of success[236](index=236&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=55&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) AgriFORCE is exempt from providing market risk disclosures as it qualifies as a smaller reporting company - The company is not required to provide quantitative and qualitative disclosures about market risk as it qualifies as a smaller reporting company[243](index=243&type=chunk) [Controls and Procedures](index=55&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective as of June 30, 2025, with no material changes to internal controls during the quarter - Management concluded that the company's disclosure controls and procedures were effective as of June 30, 2025[244](index=244&type=chunk) - No material changes were made to the company's internal control over financial reporting during the quarter ended June 30, 2025[245](index=245&type=chunk) [PART II — OTHER INFORMATION](index=56&type=section&id=PART%20II%20%E2%80%94%20OTHER%20INFORMATION) [Legal Proceedings](index=56&type=section&id=Item%201.%20Legal%20Proceedings) The company is involved in ongoing legal matters, including a wrongful termination lawsuit by a former CEO, a settled breach of contract complaint, and a dispute with a Belgian law firm - The company is in litigation with its former CEO, Ingo Mueller, over a wrongful termination claim. The company asserts the termination was for 'just cause' and believes an unfavorable outcome is not probable[152](index=152&type=chunk)[153](index=153&type=chunk)[154](index=154&type=chunk) - A complaint from Stronghold regarding a property purchase agreement was settled in January 2025, with the company agreeing to pay **$20,833** monthly for 12 months[155](index=155&type=chunk) [Risk Factors](index=56&type=section&id=Item%201A.%20Risk%20Factors) AgriFORCE is exempt from providing risk factor disclosures as it qualifies as a smaller reporting company - The company is electing scaled disclosure obligations as a smaller reporting company and is not required to provide risk factors in this filing[249](index=249&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=56&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company conducted unregistered sales of securities, including **$7.7 million** in convertible debentures and a **$290,000** promissory note, triggering down-round provisions - On January 16, 2025, the company sold **$7.7 million** in convertible debentures to investors[250](index=250&type=chunk) - On April 22, 2025, the company sold a promissory note for gross proceeds of **$250,000** (**$290,000** principal)[251](index=251&type=chunk) - Subsequent to the quarter, on July 21, 2025, the company sold an additional **$833,333** in convertible debentures[252](index=252&type=chunk) [Defaults Upon Senior Securities](index=56&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) No defaults upon senior securities were reported - The company reported no defaults upon senior securities[255](index=255&type=chunk) [Mine Safety Disclosures](index=56&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable to the company - This item is not applicable to the company[256](index=256&type=chunk) [Other Information](index=56&type=section&id=Item%205.%20Other%20Information) No other information was reported for this item - The company reported no other information for this item[257](index=257&type=chunk) [Exhibits](index=57&type=section&id=Item%206.%20Exhibits) The report includes required certifications (302 and 906), an amendment to the ATM Agreement, and Inline XBRL data files - Exhibits filed include CEO and CFO certifications (302 and 906), an amendment to the ATM Agreement, and XBRL data files[258](index=258&type=chunk)
GlucoTrack(GCTK) - 2025 Q2 - Quarterly Results
2025-08-14 20:08
Exhibit 99.1 Glucotrack Reports Second Quarter 2025 Financial Results and Recent Corporate Highlights On track to implant first patients in long-term, multicenter feasibility study of the fully implantable continuous blood glucose monitor (CBGM) system in Australia in Q3 2025 Investigational Device Exemption submission to FDA of novel CBGM technology in Q4 2025 Strengthened Board of Directors, expands clinical advisory board, and established a Patient Advisory Board Improved capital structure, cash and cash ...
Translational Development Acquisition Corp.(TDACU) - 2025 Q2 - Quarterly Report
2025-08-14 20:08
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ 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: 001-42451 TRANSLATIONAL DEVELOPMENT ACQUISITION CORP. (Exact name of registrant as specified in its charter) Cayma ...
Translational Development Acquisition Corp-A(TDAC) - 2025 Q2 - Quarterly Report
2025-08-14 20:08
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ 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: 001-42451 TRANSLATIONAL DEVELOPMENT ACQUISITION CORP. (Exact name of registrant as specified in its charter) Cayma ...