HUMBL, Inc., rebranded as TAP Real Estate Technologies, shifted from fintech payment services to blockchain-enabled real estate tokenization. The company relies on a licensed proprietary platform integrating AI analytics and smart contracts. Despite zero revenue in 2025, operating losses have decreased over recent years. The business faces liquidity constraints with a current ratio of 0.32 and ongoing risks tied to renewing technology licenses. Capital allocation focuses on sustaining operations amid recurring net losses and negative cash flow, with no dividends or buybacks. Notable milestones include a $250,000 option agreement for the Zermatt Resort acquisition and near-term negotiations for a long-term license agreement critical to platform access.