The Globe.com Files Q3 2024 10-Q

TL;DR

**Globe.com (TGLO) Q3 2024 10-Q filed. Financials updated.**

AI Summary

The Globe.com, Inc. filed its 10-Q for the period ending September 30, 2024. The company, incorporated in Delaware, operates in the advertising services sector. Its principal business address is in Fort Lauderdale, Florida. The filing includes financial data for the fiscal year ending December 31, 2024, with specific details on retained earnings and additional paid-in capital for various reporting dates.

Why It Matters

This filing provides a snapshot of The Globe.com's financial health and operational status as of Q3 2024, crucial for investors assessing its performance.

Risk Assessment

Risk Level: low — This is a standard quarterly financial filing with no immediate red flags or significant new disclosures.

Key Numbers

• 2024-09-30 — Reporting Period End Date (Latest financial data available)
• 2024-12-31 — Fiscal Year End (Company's annual financial cycle)

Key Players & Entities

• THEGLOBE COM INC (company) — Filer
• 0001066684 (company) — Central Index Key
• DE (company) — State of Incorporation
• FL (company) — State of Business Address
• 954 769 5900 (dollar_amount) — Business Phone
• 20240930 (date) — Period of Report
• 20241104 (date) — Filing Date

FAQ

Key Financial Figures

• $0 — s ended September 30, 2024 and 2023 was $0. GENERAL AND ADMINISTRATIVE. General a
• $31,000 — strative expenses totaled approximately $31,000 in the third quarter of 2024 as compare
• $28,000 — er of 2024 as compared to approximately $28,000 for the same quarter of the prior year.
• $21,642 — months ended September 30, 2024 totaled $21,642 compared to $18,995 for the three month
• $18,995 — er 30, 2024 totaled $21,642 compared to $18,995 for the three months ended September 30
• $53,000 — ed September 30, 2024 was approximately $53,000 as compared to a net loss of approximat
• $47,000 — compared to a net loss of approximately $47,000 for the three months ended September 30
• $104,000 — strative expenses totaled approximately $104,000 for the first nine months of 2024 as co
• $92,000 — hs of 2024 as compared to approximately $92,000 for the same period of the prior year.
• $62,733 — months ended September 30, 2024 totaled $62,733 compared to $55,392 for the nine months
• $55,392 — er 30, 2024 totaled $62,733 compared to $55,392 for the nine months ended September 30,
• $166,000 — ed September 30, 2024 was approximately $166,000 as compared to a net loss of approximat
• $147,000 — compared to a net loss of approximately $147,000 for the nine months ended September 30,
• $12,367 — TEMS As of September 30, 2024, we had $12,367 in cash as compared to $9,105 as of Dec
• $9,105 — , we had $12,367 in cash as compared to $9,105 as of December 31, 2023. Net cash flows

Filing Documents

• tglo-20240930x10q.htm (10-Q) — 467KB
• tglo-20240930xex10d1.htm (EX-10.1) — 36KB
• tglo-20240930xex31d1.htm (EX-31.1) — 9KB
• tglo-20240930xex32d1.htm (EX-32.1) — 4KB
• 0001410578-24-001744.txt ( ) — 1720KB
• tglo-20240930.xsd (EX-101.SCH) — 15KB
• tglo-20240930_cal.xml (EX-101.CAL) — 15KB
• tglo-20240930_def.xml (EX-101.DEF) — 25KB
• tglo-20240930_lab.xml (EX-101.LAB) — 117KB
• tglo-20240930_pre.xml (EX-101.PRE) — 81KB
• tglo-20240930x10q_htm.xml (XML) — 102KB

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION 2 ITEM 1.

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS 2 CONDENSED BALANCE SHEETS AT SEPTEMBER 30, 2024 (UNAUDITED) AND DECEMBER 31, 2023 2 UNAUDITED CONDENSED STATEMENTS OF OPERATIONS FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023 3 UNAUDITED CONDENSED STATEMENTS OF STOCKHOLDERS' DEFICIT FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023 4 UNAUDITED CONDENSED STATEMENTS OF CASH FLOWS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024, AND 2023 5 NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS 6 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 9 ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT MARKET RISK 12 ITEM 4.

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES 12

- OTHER INFORMATION

PART II - OTHER INFORMATION 13 ITEM 1.

LEGAL PROCEEDINGS

LEGAL PROCEEDINGS 13 ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 13 ITEM 3. DEFAULTS UPON SENIOR SECURITIES 13 ITEM 4. MINE SAFETY DISCLOSURES 13 ITEM 5. OTHER INFORMATION 13 ITEM 6. EXHIBITS 14

SIGNATURES

SIGNATURES 15 Table of Contents

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

CONDENSED FINANCIAL STATEMENTS

ITEM 1. CONDENSED FINANCIAL STATEMENTS THEGLOBE.COM, INC. CONDENSED BALANCE SHEETS SEPTEMBER 30, 2024 DECEMBER 31, (Unaudited) 2023 ASSETS Current Assets: Cash $ 12,367 $ 9,105 Total current assets $ 12,367 $ 9,105 LIABILITIES AND STOCKHOLDERS' DEFICIT Current Liabilities: Accounts payable $ 1,770 $ 3,661 Accrued expenses and other current liabilities 25,471 25,748 Accrued interest due to related party 343,937 281,204 Notes payable due to related party 1,086,000 977,000 Total current liabilities 1,457,178 1,287,613 Stockholders' Deficit: Common stock, $ 0.001 par value; 500,000,000 shares authorized; 441,480,473 shares issued at September 30, 2024 and December 31, 2023 441,480 441,480 Preferred stock, $ 0.001 par value; 3,000,000 shares authorized; 0 shares issued at September 30, 2024 and December 31, 2023 — — Additional paid in capital 296,594,042 296,594,042 Accumulated deficit ( 298,480,333 ) ( 298,314,030 ) Total stockholders' deficit ( 1,444,811 ) ( 1,278,508 ) Total liabilities and stockholders' deficit $ 12,367 $ 9,105 See notes to unaudited condensed financial statements 2 Table of Contents THEGLOBE.COM, INC. CONDENSED STATEMENTS OF OPERATIONS Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (UNAUDITED) (UNAUDITED) Net Revenue $ — $ — $ — $ — Operating Expenses: General and administrative 30,917 28,156 103,570 91,651 Operating Loss ( 30,917 ) ( 28,156 ) ( 103,570 ) ( 91,651 ) Other Expense: Related party interest expense 21,642 18,995 62,733 55,392 Loss from Operations Before Income Tax ( 52,559 ) ( 47,151 ) ( 166,303 ) ( 147,043 ) Income Tax Provision — — — — Loss from Operations ( 52,559 ) ( 47,151 ) ( 166,303 ) ( 147,043 ) Net Loss $ ( 52,559 ) $ ( 47,151 ) $ ( 166,303 ) $ ( 147,043 ) Loss Per Share: Basic and Diluted: — — — — Weig

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

FORWARD LOOKING STATEMENTS

FORWARD LOOKING STATEMENTS This Form 10-Q contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). These statements concern expectations, beliefs, projections, plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by terminology, such as "may," "will," "should," "could," "expect," "plan," "anticipate," "believe," "estimate," "project," "predict," "intend," "potential" or "continue" or the negative of such terms or other comparable terminology, although not all forward-looking statements contain such terms. In addition, these forward-looking statements include, but are not limited to, statements regarding: our need for additional equity and debt capital financing to continue as a going concern, and the sources of such capital; our estimates with respect to our ability to continue as a going concern; our intent with respect to future dividends; matters related to our anticipated funding from Delfin; our beliefs regarding the effects of inflation on our results of operations; the continued forbearance of certain related parties from making demand for payment under certain contractual obligations of, and loans to, the Company; and our estimates with respect to certain accounting and tax matters. These forward-looking statements reflect our current view about future events and are subject to risks, uncertainties and assumptions. Unless required by law, we do not intend to update any of the forward-looking statements after the date of this Form 10-Q or to conform these statements to actual results. We wish to caution readers that certain important factors may have affected and could in the future affect our actual results and could cause actual results to differ significantly from those expr

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