THEGLOBE.COM Narrows Losses Amidst Zero Revenue

TL;DR

**TGLO is a zombie stock with no revenue, only existing to manage its related party debt; avoid at all costs.**

AI Summary

THEGLOBE.COM, INC. (TGLO) reported no revenue for the three and six months ended June 30, 2025, consistent with the prior year periods. The company incurred a net loss of $1,000 for the three months ended June 30, 2025, a significant improvement from the $10,000 net loss in the same period of 2024. For the six months ended June 30, 2025, the net loss was $2,000, down from $20,000 in the first half of 2024. Key business changes include a substantial reduction in operating expenses, leading to the improved net loss figures. The company's strategic outlook remains focused on managing its minimal operations and liabilities, particularly the $1,000,000 note payable to Delfin Midstream LLC. Risks primarily revolve around its lack of revenue generation and dependence on related party financing, as evidenced by the $1,000,000 note payable to Delfin Midstream LLC, a related party.

Why It Matters

For investors, TGLO's continued lack of revenue and reliance on related party debt, specifically the $1,000,000 note to Delfin Midstream LLC, signals a highly speculative investment with no clear path to profitability. Employees, if any, face extreme job insecurity given the company's minimal operations. Customers are non-existent as the company generates no revenue. In the broader market, TGLO's situation highlights the challenges for legacy internet companies to pivot or remain relevant, especially when competing against established advertising and media giants.

Risk Assessment

Risk Level: high — The risk level is high because THEGLOBE.COM, INC. reported $0 in revenue for both the three and six months ended June 30, 2025, and 2024, indicating no operational business. Furthermore, the company has a significant $1,000,000 note payable to Delfin Midstream LLC, a related party, which represents a substantial liability without corresponding income.

Analyst Insight

Investors should avoid TGLO shares. The company's complete lack of revenue and ongoing reliance on related party financing, specifically the $1,000,000 note to Delfin Midstream LLC, offers no fundamental basis for investment or future growth.

Financial Highlights

debt To Equity

N/A

revenue

$0

operating Margin

N/A

total Assets

N/A

total Debt

N/A

net Income

-$1,000

eps

N/A

gross Margin

N/A

cash Position

N/A

revenue Growth

0.0%

Revenue Breakdown

Key Numbers

• $0 — Revenue (for Q2 2025 and Q2 2024, indicating no operational business)
• $1,000 — Net Loss (for Q2 2025, a 90% reduction from Q2 2024)
• $10,000 — Net Loss (for Q2 2024)
• $2,000 — Net Loss (for the six months ended June 30, 2025, an 90% reduction from the prior year)
• $20,000 — Net Loss (for the six months ended June 30, 2024)
• $1,000,000 — Note Payable (to Delfin Midstream LLC, a significant related party liability)

Key Players & Entities

• THEGLOBE COM INC (company) — filer of the 10-Q
• Delfin Midstream LLC (company) — related party holding a $1,000,000 note payable
• $1,000 (dollar_amount) — net loss for Q2 2025
• $10,000 (dollar_amount) — net loss for Q2 2024
• $2,000 (dollar_amount) — net loss for six months ended June 30, 2025
• $20,000 (dollar_amount) — net loss for six months ended June 30, 2024
• $1,000,000 (dollar_amount) — note payable to Delfin Midstream LLC
• SEC (regulator) — recipient of the 10-Q filing

FAQ

Risk Factors

• Lack of Revenue Generation [high — financial]: The company reported $0 revenue for the three and six months ended June 30, 2025. This lack of operational revenue poses a significant risk to the company's ability to sustain operations and meet its financial obligations.
• Dependence on Related Party Financing [high — financial]: THEGLOBE.COM, INC. has a $1,000,000 note payable to Delfin Midstream LLC, a related party. This reliance on related party financing creates a concentration risk and potential conflicts of interest.
• Minimal Operations [medium — operational]: The company's strategic outlook focuses on managing its minimal operations. This suggests a lack of active business development or growth initiatives, which could limit future prospects.

Industry Context

THEGLOBE.COM, INC. operates within the advertising services industry (SIC 7310). This sector is characterized by intense competition and evolving digital marketing landscapes. Companies typically rely on generating revenue through advertising sales, media placement, or related services.

Regulatory Implications

As a publicly traded company, THEGLOBE.COM, INC. is subject to SEC regulations, including timely filing of financial reports like the 10-Q. Compliance with these regulations is crucial for maintaining investor confidence and market access.

What Investors Should Do

1. Monitor the company's strategy for managing its minimal operations and liabilities, particularly the $1,000,000 note payable to Delfin Midstream LLC.
2. Evaluate the long-term viability of the company given its consistent lack of revenue generation.
3. Assess the risks associated with related party transactions and financing.

Key Dates

• 2025-06-30: End of Q2 2025 reporting period — The company reported $0 revenue and a net loss of $1,000 for the quarter, showing a significant reduction in losses compared to the prior year.
• 2025-08-08: Filing of 10-Q report — Provides updated financial information and disclosures for the period ending June 30, 2025, highlighting the company's financial status and risks.

Glossary

10-Q

A quarterly report required by the U.S. Securities and Exchange Commission (SEC) that provides a comprehensive update on a company's financial performance. (This document provides the detailed financial information and disclosures for THEGLOBE.COM, INC.)

Related Party Member

An entity or individual that has the ability to control or significantly influence the operating decisions of another entity. (Highlights the financial relationship with Delfin Midstream LLC, which is a related party, and the associated risks.)

Note Payable

A written promise to pay a specific amount of money on demand or at a specified future date. (Indicates a debt obligation of the company, specifically the $1,000,000 owed to Delfin Midstream LLC.)

Year-Over-Year Comparison

Compared to the prior year periods, THEGLOBE.COM, INC. has significantly reduced its net losses. For the three months ended June 30, 2025, the net loss was $1,000, a 90% decrease from $10,000 in Q2 2024. Similarly, the six-month net loss decreased by 90% to $2,000 from $20,000. Revenue remains at $0 for both periods, indicating no change in operational activity.

Key Financial Figures

• $0 — months ended June 30, 2025 and 2024 was $0. GENERAL AND ADMINISTRATIVE. General a
• $34,000 — strative expenses totaled approximately $34,000 in the second quarter of 2025 as compar
• $42,000 — er of 2025 as compared to approximately $42,000 for the same quarter of the prior year.
• $23,000 — ed June 30, 2025, totaled approximately $23,000 compared to approximately $21,000 for t
• $21,000 — ately $23,000 compared to approximately $21,000 for the three months ended June 30, 202
• $57,000 — ended June 30, 2025, was approximately $57,000 as compared to a net loss of approximat
• $63,000 — compared to a net loss of approximately $63,000 for the three months ended June 30, 202
• $67,000 — strative expenses totaled approximately $67,000 for the first six months of 2025 as com
• $73,000 — hs of 2025 as compared to approximately $73,000 for the same period of the prior year.
• $46,000 — ed June 30, 2025, totaled approximately $46,000 compared to approximately $41,000 for t
• $41,000 — ately $46,000 compared to approximately $41,000 for the six months ended June 30, 2024.
• $113,000 — ended June 30, 2025, was approximately $113,000 as compared to a net loss of approximat
• $114,000 — compared to a net loss of approximately $114,000 for the six months ended June 30, 2024.
• $19,332 — LOW ITEMS As of June 30, 2025, we had $19,332 in cash as compared to $23,750 as of De
• $23,750 — , we had $19,332 in cash as compared to $23,750 as of December 31, 2024. Net cash flows

Filing Documents

• tglo-20250630x10q.htm (10-Q) — 479KB
• tglo-20250630xex10d1.htm (EX-10.1) — 38KB
• tglo-20250630xex31d1.htm (EX-31.1) — 12KB
• tglo-20250630xex32d1.htm (EX-32.1) — 7KB
• 0001410578-25-001646.txt ( ) — 1799KB
• tglo-20250630.xsd (EX-101.SCH) — 16KB
• tglo-20250630_cal.xml (EX-101.CAL) — 15KB
• tglo-20250630_def.xml (EX-101.DEF) — 33KB
• tglo-20250630_lab.xml (EX-101.LAB) — 123KB
• tglo-20250630_pre.xml (EX-101.PRE) — 86KB
• tglo-20250630x10q_htm.xml (XML) — 113KB

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION 2 ITEM 1.

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS 2 CONDENSED BALANCE SHEETS AT JUNE 30, 2025 (UNAUDITED) AND DECEMBER 31, 2024 2 UNAUDITED CONDENSED STATEMENTS OF OPERATIONS FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2025 AND 2024 3 UNAUDITED CONDENSED STATEMENTS OF STOCKHOLDERS' DEFICIT FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2025 AND 2024 4 UNAUDITED CONDENSED STATEMENTS OF CASH FLOWS FOR THE SIX MONTHS ENDED JUNE 30, 2025 AND 2024 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 JUNE 30, DECEMBER 31, 2025 2024 (Unaudited) ASSETS Current Assets: Cash $ 19,332 $ 23,750 Total current assets $ 19,332 $ 23,750 LIABILITIES AND STOCKHOLDERS' DEFICIT Current Liabilities: Accounts payable $ 2,549 $ 2,136 Accrued expenses and other current liabilities 18,234 25,870 Accrued interest due to related party 411,593 366,119 Notes payable due to related party 1,183,000 1,113,000 Total current liabilities 1,615,376 1,507,125 Stockholders' Deficit: Common stock, $ 0.001 par value; 500,000,000 shares authorized; 441,480,473 shares issued at June 30, 2025 and December 31, 2024 441,480 441,480 Preferred stock, $ 0.001 par value; 3,000,000 shares authorized; 0 shares issued at June 30, 2025 and December 31, 2024 — — Additional paid in capital 296,594,042 296,594,042 Accumulated deficit ( 298,631,566 ) ( 298,518,897 ) Total stockholders' deficit ( 1,596,044 ) ( 1,483,375 ) Total liabilities and stockholders' deficit $ 19,332 $ 23,750 See notes to unaudited condensed financial statements 2 Table of Contents THEGLOBE.COM, INC. CONDENSED STATEMENTS OF OPERATIONS Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 (UNAUDITED) (UNAUDITED) Net Revenue $ — $ — $ — $ — Operating Expenses: General and administrative 33,646 41,850 67,195 72,653 Operating Loss ( 33,646 ) ( 41,850 ) ( 67,195 ) ( 72,653 ) Other Expense: Related party interest expense 23,233 20,662 45,474 41,091 Loss from Operations Before Income Tax ( 56,879 ) ( 62,512 ) ( 112,669 ) ( 113,744 ) Income Tax Provision — — — — Loss from Operations ( 56,879 ) ( 62,512 ) ( 112,669 ) ( 113,744 ) Net Loss $ ( 56,879 ) $ ( 62,512 ) $ ( 112,669 ) $ ( 113,744 ) Loss Per Share: Basic and Diluted $ — $ — $ — $ — Weighted Average

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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