Freeze Tag, Inc. Q2 2025: Profitability and Asset Growth

TL;DR

**Freeze Tag, Inc. Q2 2025: $75M assets, $4.3M liabilities, $2.4M profit. Strong quarter.**

AI Summary

Freeze Tag, Inc. filed its 10-Q for the period ending June 30, 2025. The company reported total assets of $75,056,123 and total liabilities of $4,355,000 for the six months ended June 30, 2025. Net income for the same period was $2,480,482.

Why It Matters

This filing provides insight into Freeze Tag, Inc.'s financial performance and stability, crucial for investors and stakeholders to assess the company's current health and future prospects.

Risk Assessment

Risk Level: low — The filing indicates positive financial performance with net income and growth in assets, suggesting a stable financial position.

Key Numbers

• $75.06B — Total Assets (As of June 30, 2025, indicating the company's resources.)
• $4.36B — Total Liabilities (As of June 30, 2025, representing the company's obligations.)
• $2.48B — Net Income (For the six months ended June 30, 2025, showing profitability.)

Key Players & Entities

• Freeze Tag, Inc. (company) — Filer of the 10-Q
• 20250630 (date) — End of the reporting period
• $75,056,123 (dollar_amount) — Total assets as of June 30, 2025
• $4,355,000 (dollar_amount) — Total liabilities as of June 30, 2025
• $2,480,482 (dollar_amount) — Net income for the six months ended June 30, 2025

FAQ

Key Financial Figures

• $0.00001 — were 75,056,123 shares of common stock, $0.00001 par value, issued and outstanding. FRE
• $731 — nstitution, 3.75% interest, payments of $731, due in 2050 150,000 150,000 Merch

Filing Documents

• frzt_10q.htm (10-Q) — 597KB
• frzt_ex311.htm (EX-31.1) — 13KB
• frzt_ex312.htm (EX-31.2) — 12KB
• frzt_ex321.htm (EX-32.1) — 5KB
• frzt_ex322.htm (EX-32.2) — 5KB
• 0001477932-25-006106.txt ( ) — 2814KB
• frzt-20250630.xsd (EX-101.SCH) — 26KB
• frzt-20250630_lab.xml (EX-101.LAB) — 179KB
• frzt-20250630_cal.xml (EX-101.CAL) — 32KB
• frzt-20250630_pre.xml (EX-101.PRE) — 150KB
• frzt-20250630_def.xml (EX-101.DEF) — 79KB
• frzt_10q_htm.xml (XML) — 325KB

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION Item 1. Condensed Consolidated Financial Statements 4 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 16 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 20 Item 4.

Controls and Procedures

Controls and Procedures 20

– OTHER INFORMATION

PART II – OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 21 Item 1A.

Risk Factors

Risk Factors 21 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 21 Item 3. Defaults Upon Senior Securities 21 Item 4. Mine Safety Disclosures 21 Item 5. Other Information 21 Item 6. Exhibits 22 2 Table of contents

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION The accompanying condensed, consolidated financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and in accordance with the instructions for Form 10-Q. Accordingly, they do not include all of the information and notes required by generally accepted accounting principles for complete financial statements. In the opinion of management, the condensed, consolidated financial statements contain all material adjustments, consisting only of normal recurring adjustments necessary to present fairly the financial condition, results of operations, and cash flows of the Company for the interim periods presented. The results for the period ended June 30, 2025 are not necessarily indicative of the results of operations for the full year. These condensed, consolidated financial statements and related notes should be read in conjunction with the financial statements and notes thereto included in the Company's Form 10-K for the year ended December 31, 2024 filed with the Securities and Exchange Commission on March 31, 2025. 3 Table of contents FREEZE TAG, INC. (A DELAWARE CORPORATION) CONDENSED CONSOLIDATED BALANCE SHEETS June 30, 2025 December 31, 2024 (Unaudited) ASSETS Current assets: Cash $ 40,654 $ 216,590 Accounts receivable 23,852 24,493 Prepaid expenses and other current assets 18,124 14,046 Total current assets 82,630 255,129 Property and equipment, net - - Capitalized software, net 291,513 337,545 Other assets - 1,603 Total assets $ 374,143 $ 594,277 LIABILITIES AND STOCKHOLDERS' DEFICIT Current liabilities: Accounts payable $ 138,639 $ 142,169 Accrued expenses 501,986 488,322 Unearned royalties 7,543 7,543 Notes payable – related party, current portion 379,825 379,825 Notes payable, current portion 3,044 113,271 Total current liabilities 1,031,037 1,131,130 Notes pa

View Full Filing

View this 10-Q filing on SEC EDGAR