THEGLOBE COM INC SEC 10-Q Report

About this update from Theglobe.com, Inc.

theglobe.com, inc., a company classified as a shell entity with no material operations since 2008, has released its Form 10-Q report for the third quarter of 2025. The report provides a detailed overview of the company's financial performance and operational status, shedding light on its ongoing challenges and future outlook. Financial Highlights Net Revenue: $0. The company has not had any material operations since becoming a shell company in 2008. Operating Loss: $(35,692) for the three months ended September 30, 2025, compared to $(30,917) for the same period in 2024. The increase is primarily due to higher legal and filing expenses. Net Loss: $(59,644) for the three months ended September 30, 2025, compared to $(52,559) for the same period in 2024. The increase was mainly driven by higher related party interest expense and legal and filing fees. Net Loss: $(172,313) for the nine months ended September 30, 2025, compared to $(166,303) for the same period in 2024. The increase in net loss was due to higher related party interest expense. Loss Per Share: $0. The company reports no earnings per share due to the absence of net income. Business Highlights Shell Company Status: theglobe.com, inc. is classified as a shell company with no material operations or assets since the sale of its Tralliance business in 2008. The company primarily incurs expenses related to maintaining its status as a public company. Operational Expenses: The company's operating expenses are primarily composed of general and administrative costs, which include accounting, legal, audit, insurance, and other public company-related expenses. These expenses have remained relatively stable year-over-year. Related Party Transactions: The company relies on funding from its majority stockholder, Delfin, through loans to cover its operating expenses. Interest on these loans is a significant component of the company's expenses. Future Outlook: Management anticipates continued funding from Delfin over the next twelve months as it determines the future direction of the company. However, there is substantial doubt about the company's ability to continue as a going concern without additional capital or continued forbearance from creditors. Management's Plans: The company intends to continue operating as a public company and making all requisite filings under the Exchange Act, despite its current financial challenges and lack of operational activities. SEC Filing:

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