Theglobe.com Reports No Revenue and Increased Losses in Q3 2025

theglobe.com, Inc. reported its financial results for the third quarter and the first nine months of 2025, revealing a continued lack of revenue generation as the company remains classified as a shell entity. For the three months ended September 30, 2025, the company reported no net revenue, consistent with the same period in 2024. The net loss for the quarter was approximately $59,644, an increase from a loss of $52,559 in the prior year. For the nine-month period, the net loss was approximately $172,313, compared to $166,303 for the same period in 2024.

The company's operating expenses for the third quarter of 2025 totaled approximately $35,692, up from $30,917 in the same quarter of 2024. This increase was attributed primarily to higher legal and filing expenses. Related party interest expenses also rose, totaling approximately $23,952 for the third quarter of 2025, compared to $21,642 in the previous year. For the nine months ended September 30, 2025, general and administrative expenses were approximately $102,888, slightly down from $103,570 in 2024.

As of September 30, 2025, the company reported total current assets of $31,677, an increase from $23,750 at the end of 2024. However, total current liabilities rose to $1,687,365 from $1,507,125, resulting in a stockholders' deficit of approximately $1,655,688, compared to $1,483,375 at the end of the previous fiscal year. The increase in liabilities was primarily due to accrued interest and notes payable to related parties, particularly Delfin Midstream LLC, which has been providing ongoing financial support.

The company continues to face significant liquidity challenges, with a net working capital deficit of approximately $1,656,000 as of September 30, 2025. Management has indicated that without additional funding through debt or equity offerings, the company may not be able to continue operations beyond the next twelve months. Despite these challenges, the company intends to maintain its status as a public entity and fulfill its reporting obligations under the Exchange Act.

Looking ahead, the company emphasizes the critical need for capital to sustain its operations. Management anticipates continued funding from Delfin, its majority stockholder, as it navigates its financial situation. However, the ongoing reliance on related party financing raises concerns about the company's long-term viability and ability to generate sufficient cash flows to meet its obligations.