Freeze Tag, Inc. Reports Decreased Net Loss and Revenue Decline for Nine Months Ended September 30, 2025

Freeze Tag, Inc. reported a net loss of $163,431 for the nine months ended September 30, 2025, a decrease from a loss of $354,461 during the same period in 2024. Revenue for the nine-month period was $1,278,743, down 16% from $1,514,159 in the prior year, primarily due to reduced demand for certain product types. Operating costs also decreased, with total operating expenses falling to $1,431,242 from $1,835,675, driven by lower costs of sales and a reduction in selling, general, and administrative expenses.

The company’s current assets decreased significantly to $137,771 as of September 30, 2025, compared to $255,129 at the end of 2024. This decline was largely attributed to a drop in cash reserves, which fell to $108,201 from $216,590. Current liabilities also decreased slightly to $1,078,142 from $1,131,130, resulting in a working capital deficit of $940,371. The total stockholders’ deficit increased to $821,874 from $686,853, reflecting ongoing financial challenges.

In terms of strategic developments, Freeze Tag has been focusing on enhancing its product offerings, particularly its Munzee and Eventzee applications, which management expects to drive future revenue growth. The company has also ceased operations of its subsidiary, Space Coast Geo Store, LLC, as of April 30, 2025, to streamline its business focus. Additionally, management is exploring alternative financing options to support its operations amid rising costs associated with being a public company.

Operationally, the company reported a decrease in customer engagement metrics, with a notable decline in revenues impacting overall user statistics. The company continues to leverage its technology and services for businesses looking to utilize mobile gaming in marketing strategies. As of September 30, 2025, Freeze Tag had no significant geographic expansion data to report, and its employee headcount remains stable following recent reductions.

Looking ahead, management remains cautious about the company's financial outlook, emphasizing the need for cost reductions and increased revenue from updated product lines. The company’s ability to continue as a going concern is contingent upon successfully executing its plans to achieve sustainable operations. Management has indicated that while they are optimistic about future growth, there are substantial uncertainties that could impact the company's performance.