LIQUIDITY AND GOING CONCERN CONSIDERATIONS	12 Months Ended
Dec. 31, 2025
LIQUIDITY AND GOING CONCERN CONSIDERATIONS
LIQUIDITY AND GOING CONCERN CONSIDERATIONS	(2) LIQUIDITY AND GOING CONCERN CONSIDERATIONS The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company currently has no sources of operating cash flow and its only source of working capital consists of loans made by Delfin, its principal stockholder. Management has no expectation that this circumstance will change in the foreseeable future due to the absence of any business plan. Cash flows used in operating activities consist solely of professional fees and administrative expenses incurred in the normal course of maintaining the Company’s legal existence as an inactive public entity. Delfin loaned the Company an additional $36,000 pursuant to an amendment to the exiting note agreement on January 10, 2026. Although the Company anticipates that Delfin will provide the Company with the ongoing funding it needs to maintain its legal existence, Delfin has not committed to do so and further funding, if any, will be made at the sole discretion of Delfin. However, for the reasons described below, Company management does not believe that cash on hand and cash flow generated internally by the Company will be adequate to fund its limited overhead and other cash requirements over the next twelve months. These conditions raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date that the financial statements are issued. Accordingly, the financial statements do not include any adjustments relating to the recoverability of assets and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

LIQUIDITY AND GOING CONCERN CONSIDERATIONS

12 Months Ended

Dec. 31, 2025

LIQUIDITY AND GOING CONCERN CONSIDERATIONS

LIQUIDITY AND GOING CONCERN CONSIDERATIONS

(2) LIQUIDITY AND GOING CONCERN CONSIDERATIONS

The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company currently has no sources of operating cash flow and its only source of working capital consists of loans made by Delfin, its principal stockholder. Management has no expectation that this circumstance will change in the foreseeable future due to the absence of any business plan. Cash flows used in operating activities consist solely of professional fees and administrative expenses incurred in the normal course of maintaining the Company’s legal existence as an inactive public entity.

Delfin loaned the Company an additional $36,000 pursuant to an amendment to the exiting note agreement on January 10, 2026. Although the Company anticipates that Delfin will provide the Company with the ongoing funding it needs to maintain its legal existence, Delfin has not committed to do so and further funding, if any, will be made at the sole discretion of Delfin.

However, for the reasons described below, Company management does not believe that cash on hand and cash flow generated internally by the Company will be adequate to fund its limited overhead and other cash requirements over the next twelve months. These conditions raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date that the financial statements are issued. Accordingly, the financial statements do not include any adjustments relating to the recoverability of assets and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

THEGLOBE COM INC 10-K