NetBrands Corp.
0.0040+0.00 (+2.56%)
Oct 29, 4:00:00 PM EDT · OTC Markets OTCPK · NBND · USD
Key Stats
Market Cap
246.15KP/E (TTM)
-Basic EPS (TTM)
-0.01Dividend Yield
0%Recent Filings
8-K
Preferred stock designation filed
Netbrands Corp. filed a Certificate of Designation on September 8, 2025, authorizing 25,000 shares of Series B Preferred Stock with no voting, dividend, or liquidation rights beyond legal requirements. Each share converts at the holder's option into 1,000 shares of common stock, potentially enabling significant equity expansion. This move bolsters capital-raising flexibility amid emerging growth status.
10-Q
Q2 FY2025 results
NetBrands Corp. posted a slim $23,616 net loss for Q2 FY2025 ended June 30, 2025, down sharply from $553,345 a year earlier, thanks to slashed operating expenses that hit zero from $548,761 y/y—while interest expense ticked up to $23,616 from $4,584. YTD through June, the net loss narrowed to $126,662 versus $972,972 last year, driven by a $96,854 loss on note conversion and minimal $6,191 in expenses; diluted EPS of $(0.00) aligns with 51.7 million weighted shares, showing no anti-dilution quirks. Cash sits at zero, with $2.3 million in total liabilities including $394,405 in defaulted loans payable and $500,000 in 3.75% government EIDL debt over 30 years, plus $258,708 in convertible notes. Post-quarter, it inked a $110,000 note with Trillium due June 2026 at 12% interest, convertible at $0.0005, and launched cryptocurrency mining via 10 ASIC units hosted in Iowa, eyeing revenue by September 2025. All debt remains in default.
8-K
Funding via convertible note
Netbrands Corp. secured $100,000 in funding on July 25, 2025, via a $110,000 original issue discount note to Trillium Partners, due June 20, 2026, with 12% interest and a 40% prepayment penalty. The convertible note, at $0.0005 per share, pairs with a seven-year warrant for 55 million shares at the same price, reserving 125 million shares initially. This bolsters liquidity. Yet dilution looms large.
10-Q
Q1 FY2025 results
NetBrands Corp. posted zero revenue for Q1 FY2025 ended March 31, 2025, matching the prior year while trimming operating expenses to $6,191 from $211,042, yielding a narrower operating loss of $6,191 versus $211,042 y/y. The net loss shrank to $103,045 from $439,559, driven by a $96,854 loss on note conversion rather than hefty interest expense, though the gap exceeds 20% due to that debt extinguishment. Shares outstanding ballooned to 47 million from 22.6 million after issuing 24.5 million for conversions, diluting basic and diluted EPS to $(0.00) from $(0.03) while reconciling neatly with weighted-average shares of 34.8 million. Cash stayed at zero, offset by $894,405 total debt (all in default, including $500,000 government loans at 3.75% over 30 years and $237,420 convertibles), with negative working capital of $1.8 million signaling tight liquidity. No free cash flow disclosed, as capex was nil. Subsequent to quarter-end, the firm secured a $30,000 secured convertible note from Trillium Partners. All debt remains in default.
10-K
FY2024 results
NetBrands Corp. posted zero revenue for FY2024 ended December 31, 2024, down 100% from $644,535 in 2023, as supplier bottlenecks and the Russia-Ukraine war halted production of key snack lines, leaving no inventory to fulfill orders. This full-year wipeout amplified a net loss of $1.3 million, or $0.06 per share, versus $1.3 million or $0.08 per share in 2023, with operating expenses dropping to $798,089 from $1.1 million, driven by slashed payroll amid stalled sales. Q4 mirrored the year's collapse, with no sales or gross margin to offset $487,217 in interest from mounting debts like the $188K convertible note; yet cash burn eased to $182K used in operations from $430K, propped by $181K in financing inflows. Liquidity dried up to zero cash by year-end, with $2.4 million in total liabilities and a $1.9 million working capital deficit, while CEO Adler converted $179K in related-party loans to equity. No annual guidance emerged, but the firm eyes e-commerce acquisitions for revival. Dominance by snack giants like PepsiCo risks further eroding any quarterly rebound.
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