GAMG Narrows Losses, Diversifies with Marketing & Real Estate Acquisitions

TL;DR

**GAMG's massive asset growth and strategic acquisitions are a high-risk, high-reward bet on diversification, but the 'going concern' warning means it's still a speculative play.**

AI Summary

Global Asset Management Group, Inc. (GAMG) reported a net loss of $57,602 for the three months ended September 30, 2025, a significant improvement from the $292,322 net loss in the same period of 2024. Revenue increased substantially to $50,056 in Q3 2025 from $5,000 in Q3 2024, while operating expenses decreased to $55,242 from $252,587. The company completed two key acquisitions: Bella Rio Marketing Agency, Inc. on July 31, 2025, for 450,000 shares of common stock, expanding its digital marketing capabilities, and DC Rental Portfolio Corp. on September 29, 2025, for 250,000,000 shares of common stock, entering the multi-family residential housing market. Total assets surged from $45,834 as of December 31, 2024, to $10,073,258 as of September 30, 2025, primarily due to the acquisition of real estate basis of $6,700,000 and goodwill of $855,615. Despite these strategic moves, the company's accumulated deficit grew to $39,840,488, and a 'going concern' uncertainty remains due to historical losses, though management plans to address this through equity sales and debt financing. Cash at the end of the period was $2,051,640, up from $912 in the prior year.

Why It Matters

GAMG's strategic pivot into digital marketing with Bella Rio and real estate with DC Rental Portfolio could be a game-changer, offering new revenue streams beyond its historical operations. For investors, the substantial increase in assets to over $10 million and the reduction in net loss signal potential for future growth, but the 'going concern' warning and accumulated deficit of nearly $40 million demand caution. Employees of the acquired entities gain stability and potential for growth within a larger, diversified group. Competitively, GAMG is now positioned to challenge smaller players in both the digital marketing and D.C. rental markets, leveraging its public company status for capital. The broader market will watch if this diversification strategy can translate into sustained profitability and address its long-standing financial challenges.

Risk Assessment

Risk Level: high — The company explicitly states a 'going concern' uncertainty due to accumulated net losses of approximately $39,840,488 as of September 30, 2025, and historical losses of $57,602 for the current quarter and $292,322 for the prior year quarter. While assets increased significantly to $10,073,258, the company's ability to continue is dependent on generating cash from equity sales and debt financing, which is not assured.

Analyst Insight

Investors should approach GAMG with extreme caution, recognizing the high speculative nature. While the strategic acquisitions of Bella Rio Marketing Agency and DC Rental Portfolio Corp. offer potential, the 'going concern' warning and substantial accumulated deficit indicate significant financial instability. Monitor closely for successful capital raises and evidence of sustained profitability from the new ventures before considering any investment.

Financial Highlights

debt To Equity

2.82

revenue

$50,056

operating Margin

-24.90%

total Assets

$10,073,258

total Debt

$7,435,668

net Income

($57,602)

eps

N/A

gross Margin

N/A

cash Position

$2,051,640

revenue Growth

+901.12%

Revenue Breakdown

Key Numbers

• $50,056 — Operating Revenue (Increased from $5,000 in Q3 2024, indicating growth from new acquisitions.)
• $57,602 — Net Loss (Significantly reduced from $292,322 in Q3 2024, showing improved financial performance.)
• $10,073,258 — Total Assets (Massive increase from $45,834 as of December 31, 2024, driven by acquisitions.)
• $6,700,000 — Real Estate Basis (New asset acquired through DC Rental Portfolio Corp., representing a major strategic shift.)
• $855,615 — Goodwill (Resulting from the acquisitions, reflecting the premium paid over identifiable net assets.)
• $39,840,488 — Accumulated Deficit (Increased from $39,783,011, highlighting ongoing historical losses despite recent improvements.)
• 339,026,191 — Common Shares Outstanding (As of November 12, 2025, significantly increased due to shares issued for acquisitions.)
• $2,051,640 — Cash, end of period (Substantial increase from $912 in the prior year, improving liquidity.)
• 250,000,000 — Shares Issued for DC Rental (Represents a significant equity issuance for the real estate acquisition.)
• 450,000 — Shares Issued for Bella Rio (Equity issuance for the digital marketing agency acquisition.)

Key Players & Entities

• Global Asset Management Group, Inc. (company) — Registrant, formerly Kenilworth Systems Corporation
• Bella Rio Marketing Agency, Inc. (company) — Acquired subsidiary for digital marketing
• DC Rental Portfolio Corp. (company) — Acquired subsidiary for multi-family residential housing
• Andell Holdings Corporation (company) — Sole shareholder of Bella Rio Marketing Agency, Inc.
• Steven Swank (person) — Former Officer and Director, received Regenecell, Inc. shares for debt settlement
• John Murray (person) — President and Director of GAMG and President of DC Rental Portfolio Corp.
• Regenecell, Inc. (company) — Divested entity
• Securities and Exchange Commission (regulator) — Regulatory body for filing
• $10,073,258 (dollar_amount) — Total assets as of September 30, 2025
• $57,602 (dollar_amount) — Net loss for the three months ended September 30, 2025

FAQ

Risk Factors

• Going Concern Uncertainty [high — financial]: The company has a significant accumulated deficit of $39,840,488 as of September 30, 2025, indicating a history of losses. Despite recent improvements in net loss and revenue, management's ability to address this uncertainty through future equity sales and debt financing is critical.
• Acquisition Integration and Valuation [medium — financial]: The company has undertaken two significant acquisitions, including DC Rental Portfolio Corp. for 250,000,000 shares and Bella Rio Marketing Agency, Inc. for 450,000 shares. The successful integration of these businesses and the realization of their projected value, especially the substantial real estate basis of $6,700,000 and goodwill of $855,615, are key risks.
• Dilution from Share Issuances [medium — financial]: The issuance of 250,000,000 shares for DC Rental Portfolio Corp. and 450,000 shares for Bella Rio Marketing Agency, Inc. has significantly increased the common shares outstanding to 339,026,191. This substantial dilution could negatively impact existing shareholders' per-share value.
• Increased Debt Load [medium — financial]: The acquisition of DC Rental Portfolio Corp. has resulted in a significant increase in liabilities, including a new Mortgage Payable of $6,955,715 and Deferred Loan Payable of $400,000. Managing this increased debt burden will be crucial for financial stability.
• Dependence on Acquisitions for Growth [medium — operational]: The substantial increase in assets and revenue is primarily attributed to recent acquisitions. The company's future growth and financial performance may be heavily reliant on its ability to identify, acquire, and successfully integrate new businesses.

Industry Context

Global Asset Management Group operates in a dynamic environment influenced by M&A activity and diversification strategies. The company's recent moves into digital marketing and real estate suggest an effort to broaden its revenue base and leverage synergies across different sectors. The asset management industry, in general, is competitive, with firms constantly seeking to enhance service offerings and client acquisition through strategic acquisitions and technological advancements.

Regulatory Implications

The company's reliance on equity and debt financing to address its going concern status may attract scrutiny from regulators and investors. The significant share issuances for acquisitions also necessitate compliance with securities laws and disclosure requirements. Furthermore, operating in the real estate sector introduces specific regulatory considerations related to property management and tenant relations.

What Investors Should Do

1. Monitor acquisition integration and performance
2. Assess management's plan to address going concern
3. Analyze the impact of increased leverage
4. Evaluate share dilution impact

Key Dates

• 2025-07-31: Acquisition of Bella Rio Marketing Agency, Inc. — Expands digital marketing capabilities and revenue streams.
• 2025-09-29: Acquisition of DC Rental Portfolio Corp. — Entry into the multi-family residential housing market, significantly increasing asset base.
• 2025-09-30: Quarter End Financial Reporting — Shows substantial revenue growth and reduced net loss compared to the prior year, alongside significant asset increase due to acquisitions.

Glossary

Accumulated deficit

The total net losses of a company since its inception, minus any net profits. It represents a negative balance in retained earnings. (Indicates the company's historical unprofitability, despite recent revenue growth.)

Goodwill

An intangible asset that arises when a company acquires another company for a price greater than the fair value of its identifiable net assets. (Reflects the premium paid for the acquired companies, indicating expected future benefits.)

Real Estate Basis

The initial cost or value assigned to real estate assets on the balance sheet, typically including purchase price and related acquisition costs. (Represents a significant new asset class for the company following the DC Rental Portfolio Corp. acquisition.)

Going Concern

An accounting assumption that a business will continue to operate for the foreseeable future. A 'going concern' uncertainty means there is doubt about this assumption. (Highlights the financial risk and the need for management to demonstrate a path to profitability and solvency.)

Debt-to-Equity Ratio

A financial ratio used to evaluate a company's financial leverage by dividing its total liabilities by its shareholders' equity. (Shows the extent to which the company is using debt to finance its assets relative to equity, which has increased significantly due to acquisitions.)

Year-Over-Year Comparison

Compared to the prior year's period, Global Asset Management Group, Inc. has demonstrated a dramatic improvement in revenue, soaring from $5,000 to $50,056, and a significant reduction in net loss from $292,322 to $57,602. This turnaround is largely attributable to strategic acquisitions, which have also led to a massive increase in total assets from $45,834 to $10,073,258. However, the company's accumulated deficit has slightly increased, underscoring the ongoing challenge of historical losses despite recent operational gains.

Key Financial Figures

• $0.01 — he registrant's common stock, par value $0.01 per share, outstanding. CAUTIONARY NOT
• $92,787.92 — s, Bella Rio generated gross revenue of $92,787.92 and anticipates significant growth in t

Filing Documents

• kens_10q.htm (10-Q) — 341KB
• kens_ex311.htm (EX-31.1) — 11KB
• kens_ex312.htm (EX-31.2) — 12KB
• kens_ex321.htm (EX-32.1) — 4KB
• kens_ex322.htm (EX-32.2) — 4KB
• 0001477932-25-008249.txt ( ) — 1685KB
• kens-20250930.xsd (EX-101.SCH) — 18KB
• kens-20250930_lab.xml (EX-101.LAB) — 123KB
• kens-20250930_cal.xml (EX-101.CAL) — 29KB
• kens-20250930_pre.xml (EX-101.PRE) — 93KB
• kens-20250930_def.xml (EX-101.DEF) — 48KB
• kens_10q_htm.xml (XML) — 97KB

Financial Information

Part I. Financial Information Item 1. Consolidated Financial Statements F-1 Consolidated Statements of Operations for the Three months ended Sept., 2025 and 2024 (unaudited) F-3 Consolidated Balance Sheets as of Sept. 30, 2025 and December 31, 2024. (unaudited) F-2 Consolidated Statements of Cash Flows for the Three months ended Sept. 30, 2025 and Three months ended Sept. 30, 2024 (unaudited) F-5 Consolidated Statements of Shareholders' Equity for the periods ended Sept. 30, 2025 and 2024 F-4 Notes to the Consolidated Financial Statements. (unaudited) F-6

Other Information

Part II. Other Information Item 1. Legal Proceedings. 7 Item 1A. Risk Factors. 7 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. 7 Item 3. Defaults Upon Senior Securities. 7 Item 4. Mine Safety Disclosures. 7 Item 5. Other Information. 7 Item 6. Exhibits. 8

Signatures

Signatures 9 3 GLOBAL ASSET MANAGEMENT GROUP, INC. INDEX TO FINANCIAL STATEMENTS GLOBAL ASSET MANAGEMENT GROUP, INC. T A BLE OF CONTENTS Consolidated Balance Sheets as of Sept. 30, 2025 and December 31, 2024 F-2 Consolidated Statements of Operations for the periods ended Sept.. 30, 2025 and 2024 F-3 Consolidated Statements of Cash Flows for the periods ended Sept. 30, 2025 and 2024 F-5 Consolidated Statements of Shareholders' Equity for the periods ended Sept. 30, 2025 and 2024 F-4

Notes to Consolidated Financial Statements

Notes to Consolidated Financial Statements F-6 F-1 Table of Contents GLOBAL ASSET MANAGEMENT GROUP, INC. CONSOLIDATED BALANCE SHEETS As of Sept 30, 2025 As of Dec 31, 2024 ASSETS Current Assets Cash $ 1,640 $ 132 Suntrust - Checking 1032 $ - $ 702 Due from Related Party $ - $ 40,000 Subscription Receivable $ - $ 5,000 Prepayment $ 57,540 Total current assets $ 59,180 $ 45,834 Restricted Cash [Lender Reserve] $ 2,050,000 $ - Real Estate Basis $ 6,700,000 $ - Goodwill $ 855,615 $ - Assets Acquisition $ 408,463 $ - TOTAL ASSETS $ 10,073,258 $ 45,834 LIABILITIES AND STOCKHOLDERS' DEFICIENCY Current Liabilities Accounts payable and accrued expenses $ 7,469 $ 4,000 Due to related parties $ 0 $ 7,859 Loans payable to Officers $ 42,585 $ 42,585 Note payables to Officers $ 21,830 $ 12,530 Mortgage Payable (Net) $ 6,955,715 $ - Security Deposits Payable $ 8,068 $ - Deferred Loan Payable $ 400,000 $ - Total current liabilities $ 7,435,668 $ 66,974 Total other liabilities $ - $ - TOTAL LIABILITIES $ 7,435,668 $ 66,974 Stockholders' Equity Series A convertible preferred stock, par value $ 0.01 - authorized 12,500 shares, 12,500 shares issued and outstanding $ - $ 125 Common stock, par value $ 0.01 - authorized 1,000,000,000 shares, 339,026,191 shares issued and outstanding, respectively $ 3,390,262 $ 836,545 Additional paid-in-capital $ 39,087,817 $ 38,919,349 Accumulated deficit $ ( 39,840,488 ) $ ( 39,783,011 ) Non-Controlling Interest $ - $ 5,851 TOTAL STOCKHOLDERS' EQUITY $ 2,637,590 $ ( 21,140 ) TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 10,073,258 $ 45,834 The accompanying notes are an integral part of these financial statements. F-2 Table of Contents GLOBAL ASSET MANAGEMENT GROUP, INC. CONSOLIDATED STATEMENTS OF OPERATIONS FOR THE PERIOD ENDED SEPTEMBER 30, 2025. (Unaudited) PERIOD ENDED

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

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations. Unless the context otherwise requires, all references in this section as to the "Company," "we," "us" or "our" refer to the business of Global Asset Management Group, Inc. (formerly Kenilworth Systems Corporation) and its consolidated subsidiary. The following discussion and analysis of our financial condition and results of operations should be read together with the financial statements and the related notes contained in this Quarterly Report and the financial statements and related notes contained in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024. This discussion contains forward-looking statements that reflect our plans, estimates, and beliefs that involve risks and uncertainties. As a result of many factors, such as those discussed in Part I, Item 1A, "Risk Factors" of the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024 and "Forward-Looking Statements" sections and elsewhere in this Quarterly Report, our actual results may differ materially from those anticipated in these forward-looking statements. The purpose of this section is to discuss and analyze our consolidated financial condition, liquidity and capital resources and results of operations for the three and nine months ended September 30, 2025 and 2024. Overview ACQUISITION OF BELLA RIO MARKETING AGENCY, INC. On July 31, 2025, Global Asset Management Group, Inc. completed the acquisition of Bella Rio Marketing Agency, Inc. pursuant to a Share Exchange Agreement dated July 22, 2025. The Company acquired 100% of the issued and outstanding capital stock of Bella Rio in exchange for 450,000 shares of its Common Stock issued to Andell Holdings Corporation, the sole shareholder of Bella Rio. The transaction was conducted as a private placement under Rule 4(a)(1) of the Securities Act of 1933 and applicable state Blue Sky laws. The shares

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