GIVEMEPOWER Posts Zero Revenue, Widening Losses Amid FinTech Ambitions

TL;DR

**GIVEMEPOWER is a speculative bet on a mission, not a business, with zero revenue and mounting losses; avoid until actual operations materialize.**

AI Summary

GIVEMEPOWER CORP reported no revenue for the three and nine months ended September 30, 2025, and 2024, indicating a lack of core business operations. The company posted a net loss of $16,334 for the three months ended September 30, 2025, an increase from a net loss of $8,870 in the same period of 2024. For the nine months ended September 30, 2025, the net loss was $24,622, an improvement from $28,005 in the prior year. Operating expenses for the three months ended September 30, 2025, rose to $16,334 from $8,870 in 2024, primarily due to professional fees increasing from $4,831 to $12,525. The company's accumulated deficit grew to $6,640,079 as of September 30, 2025, from $6,615,457 at December 31, 2024. Cash and cash equivalents increased slightly to $4,388 from $4,232, while long-term liabilities to related parties increased significantly to $283,592 from $262,113. The company's stated mission is to empower black persons through real estate and financial services, with plans to acquire an operating bank and develop a FinTech platform, but these initiatives are contingent on raising sufficient capital.

Why It Matters

For investors, GIVEMEPOWER CORP's continued lack of revenue and increasing net losses, coupled with a growing accumulated deficit of $6.64 million, signals significant operational challenges and a high-risk investment. The company's ambitious FinTech and real estate plans, including acquiring a bank and developing AI/Blockchain platforms, are currently unfunded and speculative, making it difficult for investors to assess future viability. Employees and potential customers face uncertainty given the company's dormant status for years and reliance on related-party financing. The broader market impact is minimal due to the company's small scale and lack of current operations, but its stated mission to empower black communities through financial tools could be impactful if successfully executed, though current financials show no progress.

Risk Assessment

Risk Level: high — The company reported zero revenue for both the three and nine months ended September 30, 2025, and 2024, indicating no operational income. Its accumulated deficit reached $6,640,079 as of September 30, 2025, and long-term liabilities to related parties increased by $21,479 to $283,592 during the nine-month period, highlighting significant financial distress and reliance on insider funding.

Analyst Insight

Investors should exercise extreme caution and avoid GIVEMEPOWER CORP shares given the complete absence of revenue and substantial accumulated deficit. Wait for concrete evidence of successful capital raises, operational execution of its FinTech and real estate strategies, and sustained revenue generation before considering any investment.

Financial Highlights

debt To Equity

N/A

revenue

$0

operating Margin

N/A

total Assets

N/A

total Debt

$283,592

net Income

$(16,334)

eps

N/A

gross Margin

N/A

cash Position

$4,388

revenue Growth

N/A

Revenue Breakdown

Key Numbers

• $0 — Total Revenue (for the three and nine months ended September 30, 2025 and 2024, indicating no operational income)
• $(16,334) — Net Loss (for the three months ended September 30, 2025, an increase from $(8,870) in 2024)
• $(24,622) — Net Loss (for the nine months ended September 30, 2025, an improvement from $(28,005) in 2024)
• $6,640,079 — Accumulated Deficit (as of September 30, 2025, increased from $6,615,457 at December 31, 2024)
• $283,592 — Notes payable - related party (as of September 30, 2025, increased from $262,113 at December 31, 2024)
• $12,525 — Professional fees (for the three months ended September 30, 2025, up from $4,831 in 2024)
• $4,388 — Cash and cash equivalents (as of September 30, 2025, a slight increase from $4,232 at December 31, 2024)
• 43,792,804 — Common Shares Outstanding (as of September 30, 2025, unchanged from December 31, 2024)

Key Players & Entities

• GIVEMEPOWER CORP (company) — registrant
• Goldstein Franklin, Inc. (company) — entity that acquired control of GIVEMEPOWER CORP and provided financing
• Frank I Igwealor (person) — controller of Goldstein Franklin, Inc., GMPW's officer and director
• Alpharidge Capital, LLC (company) — wholly owned subsidiary of PubCo until December 30, 2021
• Kid Castle Educational Corporation (company) — acquired preferred stock and voting power in GIVEMEPOWER CORP
• Community Economic Development Capital, LLC (company) — acquired by GIVEMEPOWER CORP, controlled by Frank I Igwealor
• Cannabinoid Biosciences, Inc. (company) — acquired and later sold by GIVEMEPOWER CORP
• Los Angeles Community Capital (company) — provided line of credit to Alpharidge, controlled by Frank I Igwealor
• Nevada (regulator) — state of incorporation for GIVEMEPOWER CORP
• SEC (regulator) — Securities Exchange Commissioner

FAQ

Risk Factors

• Lack of Revenue and Operational Viability [high — financial]: The company has generated no revenue for the periods presented, indicating a complete absence of core business operations. This lack of revenue stream raises significant concerns about the company's ability to sustain itself and achieve its stated mission.
• Increasing Net Losses and Accumulated Deficit [high — financial]: GIVEMEPOWER CORP reported a net loss of $16,334 for the three months ended September 30, 2025, an increase from $8,870 in the prior year. The accumulated deficit has grown to $6,640,079 as of September 30, 2025, highlighting a persistent inability to generate profits.
• Dependence on Capital Raising [high — financial]: The company's strategic plans, including acquiring a bank and developing a FinTech platform, are contingent on raising sufficient capital. Failure to secure adequate funding will prevent the execution of these critical initiatives.
• Rising Professional Fees [medium — operational]: Professional fees increased significantly to $12,525 for the three months ended September 30, 2025, from $4,831 in the same period of 2024. This rise in expenses, without corresponding revenue, further strains the company's limited financial resources.
• Reliance on Related Party Debt [medium — financial]: Long-term liabilities to related parties increased to $283,592 as of September 30, 2025, from $262,113 at December 31, 2024. This indicates a reliance on funding from insiders, which may have implications for future governance and repayment.

Industry Context

The FinTech and banking sectors are highly competitive and heavily regulated. Companies in this space typically require substantial capital for development, regulatory compliance, and market penetration. GIVEMEPOWER CORP's stated mission to acquire a bank and develop a FinTech platform places it in a challenging environment where established players and well-funded startups dominate.

Regulatory Implications

Operating a bank or a FinTech platform involves significant regulatory oversight from bodies like the OCC, Federal Reserve, and CFPB in the US. GIVEMEPOWER CORP would need to navigate complex licensing, compliance, and capital requirements, which are substantial hurdles for a company with no current revenue and a growing deficit.

What Investors Should Do

1. Monitor capital raising efforts closely: The company's future is entirely dependent on its ability to secure significant funding. Any updates on capital raises should be scrutinized for terms and sources.
2. Assess the feasibility of strategic plans: Given the lack of revenue and substantial accumulated deficit, investors should question the realistic timeline and execution capability for acquiring a bank and launching a FinTech platform.
3. Evaluate the sustainability of operating expenses: The increase in professional fees without revenue growth is a concern. Investors should look for cost management strategies.
4. Understand related party transactions: The increasing reliance on related party debt warrants careful consideration of the terms and potential conflicts of interest.

Glossary

Accumulated Deficit

The total cumulative net losses of a company that have not been offset by net income. It represents the total amount of money a company has lost since its inception. (Indicates the company's long-term unprofitability, with the deficit growing to $6,640,079 as of September 30, 2025.)

Cash and cash equivalents

Short-term, highly liquid investments that are readily convertible to known amounts of cash and which are so near to their maturity that they present an insignificant risk of changes in value due to interest rate changes. (Represents the company's immediate liquidity, which is very low at $4,388 as of September 30, 2025.)

Notes payable - related party

Money owed by the company to individuals or entities that have a close relationship with the company, such as officers, directors, or major shareholders. (Highlights the company's reliance on funding from insiders, with these liabilities increasing to $283,592.)

Year-Over-Year Comparison

GIVEMEPOWER CORP shows no revenue growth, remaining at $0 for the comparable periods. The net loss for the three-month period has widened to $16,334 from $8,870, although the nine-month loss has slightly improved. Operating expenses have increased, driven by professional fees. The accumulated deficit continues to grow, and while cash has slightly increased, long-term liabilities to related parties have also risen, indicating continued financial challenges and dependence on internal funding.

Key Financial Figures

• $0.001 — Section 12(g) of the Act: COMMON STOCK, $0.001 PAR VALUE Indicate by check mark if t

Filing Documents

• form10-q.htm (10-Q) — 824KB
• ex31-1.htm (EX-31.1) — 13KB
• ex31-2.htm (EX-31.2) — 13KB
• ex32-1.htm (EX-32.1) — 7KB
• 0001493152-25-021126.txt ( ) — 4518KB
• gmpw-20250930.xsd (EX-101.SCH) — 27KB
• gmpw-20250930_cal.xml (EX-101.CAL) — 31KB
• gmpw-20250930_def.xml (EX-101.DEF) — 124KB
• gmpw-20250930_lab.xml (EX-101.LAB) — 240KB
• gmpw-20250930_pre.xml (EX-101.PRE) — 211KB
• form10-q_htm.xml (XML) — 689KB

– FINANCIAL INFORMATION

PART I. – FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements 3

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 33

Quantitative and Qualitative Disclosures about Market Risk

Item 3. Quantitative and Qualitative Disclosures about Market Risk 41

Controls and Procedures

Item 4. Controls and Procedures 41

– OTHER INFORMATION

PART II. – OTHER INFORMATION

Legal Proceedings

Item 1. Legal Proceedings 43

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 44

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 44

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 45

Other Information

Item 5. Other Information 45

Exhibits

Item 6. Exhibits 45

Signatures

Signatures 46 2 PART I – FINANCIAL INFORMATION Item 1. Financial Statements Condensed Consolidated Balance Sheets as of September 30, 2025 (unaudited) and December 31, 2024 (audited) 4 Condensed Consolidated Statements of Operations for the three months ended September 30, 2025 and 2024 (unaudited) 5 Condensed Consolidated Statements of Shareholders' Deficit (Equity) as of September 30, 2025 (unaudited) 6 Condensed Consolidated Statements of Cash Flows for the three months ended September 30, 2025 and 2024 (unaudited) 7 Notes to the condensed consolidated financial statements (unaudited) 8 3 GIVEMEPOWER CORPORATION CONSOLIDATED BALANCE SHEETS September 30, 2025 December 31, 2024 (Unaudited) (Audited) ASSETS Current Assets: Cash and cash equivalents $ 4,388 $ 4,232 Prepaid Expenses 3,498 3,498 Total assets 7,886 7,730 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) Current Liabilities: Accounts Payable 1,190 1,454 Accrued expenses 7,563 4,000 Total Current Liabilities 8,753 5,454 Long-Term Liabilities: Notes payable - related party 283,592 262,113 Line of credit - related party - - Total Long-Term Liabilities 283,592 262,113 Total Liabilities $ 292,345 $ 267,567 STOCKHOLDERS' EQUITY (DEFICIT) Preferred stock, $ .001 par value, 10,000,000 shares authorized, 1 issued and outstanding as at September 30, 2025 and December 31, 2024. $ 3 $ 3 Common Stock, $ 0.001 par value, 50,000,000 shares authorized, 43,792,804 issued and outstanding as at September 30, 2025 and December 31, 2024. 43,793 43,793 Additional paid in capital 6,311,824 6,311,824 Accumulated deficit ( 6,640,079 ) ( 6,615,457 ) Total Stockholders' Equity ( 284,459 ) ( 259,837 ) Total Liabilities and Stockholders' Equity $ 7,886 $ 7,730 The accompanying notes are an integral part of these unaudited condensed consolidated financial statements. 4 GIVEMEPOWER CORPORATION CONSOLIDATED

View Full Filing

View this 10-Q filing on SEC EDGAR