No recent operational news; the company remains a shell entity with no material operations or revenue.

• THEGLOBE.COM, INC. remains a shell company with no material operations or assets since 2008, relying on related party loans to fund public company expenses [S1].
• As of December 31, 2025, the company reported no revenue and a net loss of $226,189, with a net working capital deficit exceeding $1.6 million [S1].
• The company’s majority stockholder, Delfin Midstream Inc., holds approximately 70.9% of the common stock and provides loans to support liquidity [S1].
• The company’s common stock is delisted from NASDAQ and trades on the OTC Bulletin Board, subject to penny stock rules which may limit liquidity [S1].
• The company has no employees and its executive officer devotes very limited time to the business without compensation [S1].
• The company’s financial statements are prepared on a going concern basis with significant doubt about its ability to continue without additional financing [S1].
• No recent business developments or operational changes have been reported [N1].

The company maintains its status as a public shell company, which could be used as a vehicle for future business combinations or acquisitions. Its majority stockholder has historically provided funding to maintain operations and reporting compliance. The company’s low operating expenses and continued access to related party financing support its ability to remain a public entity.

THEGLOBE.COM, INC. faces significant financial challenges, including consistent net losses, a substantial working capital deficit, and reliance on related party loans for liquidity. The absence of operations and revenue, combined with the risk of being unable to continue as a going concern, presents material risks. The delisting from NASDAQ and penny stock status limit market liquidity and investor interest. Potential conflicts of interest and lack of board independence may also affect governance.

THEGLOBE.COM, INC. does not currently operate an active business and thus does not possess competitive advantages or economic moats. As a shell company, it lacks material operations, assets, or revenue streams, and its value is primarily tied to its status as a public reporting entity and potential for future transactions.

• Going Concern Risk: The company has significant doubt about its ability to continue as a going concern beyond the next twelve months without additional financing or capital contributions from its majority stockholder.
• Liquidity Risk: Current liabilities exceed current assets, resulting in a working capital deficit. The company relies on loans from Delfin Midstream Inc. to fund operations and meet obligations.
• Lack of Operations: The company is a shell with no material operations, assets, or revenue, limiting its ability to generate cash flow or business value.
• Market Liquidity Risk: The company’s common stock is delisted from NASDAQ and trades on the OTC Bulletin Board, subject to penny stock rules, which may limit liquidity and marketability.
• Governance Risk: The sole executive officer also serves as the sole board member and has potential conflicts of interest due to roles in related entities, resulting in lack of board independence.

• THEGLOBE.COM, INC. was incorporated on May 1, 1995 and originally operated as an online community with registered members in the US and abroad.
• On September 29, 2008, the company sold its last operating business, Tralliance Corporation, and became a shell company with no material operations or assets as defined by Rule 12b-2 of the Exchange Act.
• As of December 31, 2025, the company had no employees and its executive officer devotes very limited time to the business without compensation.
• The majority stockholder, Delfin Midstream Inc., owns approximately 70.9% of the common stock as of December 31, 2025.
• The company has no material operations or revenue; reported revenue was $0 for the fiscal year ended December 31, 2025.
• Operating expenses consist primarily of customary public company expenses such as personnel, accounting, financial reporting, legal, audit, and related costs.
• The company reported a net loss of $226,189 for the fiscal year ended December 31, 2025, with accumulated deficits exceeding $298 million as of September 30, 2025.
• As of September 30, 2025, the company had cash and cash equivalents of $31,677 and current liabilities exceeding current assets, resulting in a net working capital deficit of approximately $1,656,000.
• The company relies on loans and capital contributions from Delfin Midstream Inc. to fund operations and meet liquidity needs; the promissory note balance owed to Delfin was approximately $1,220,000 as of September 30, 2025, accruing interest at 8% per annum.
• The company has expressed significant doubt about its ability to continue as a going concern beyond the next twelve months without additional financing.
• The company’s common stock is delisted from NASDAQ and trades on the OTC Bulletin Board, which may limit liquidity and marketability.
• The company does not intend to pay dividends and has no current business operations or prospects, making it difficult for investors to evaluate future performance.
• The company’s executive officer has potential conflicts of interest due to roles and investments in related entities, and the board currently consists solely of this officer, lacking independence.
• The company’s financial statements are prepared on a going concern basis and do not include adjustments that might be necessary if the company is unable to continue as a going concern.
• The company’s net losses and working capital deficits have been consistent over recent periods, with operating losses driven by administrative expenses and related party interest expense.
• The company’s common stock is subject to penny stock rules, which may limit its attractiveness to investors.