UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-K


	☒	ANNUAL REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, ~~2024~~2025


	☐	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ________ to________

Commission file number: 0-25053

THEGLOBE.COM, INC.

(Exact name of Registrant as Specified in Its Charter)


STATE OF DELAWARE	14-1782422
(STATE OR OTHER JURISDICTION OF	(I.R.S. EMPLOYER
INCORPORATION OR ORGANIZATION)	IDENTIFICATION NO.)

~~609~~14643 ~~MAIN~~DALLAS ~~STREET~~PARKWAY, SUITE ~~2500~~650, ~~HOUSTON~~DALLAS, TX ~~77002~~75254

c/o Toombs Hall and Foster

(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)

(214) 369-5695

Registrant’s telephone number, including area code

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, par value $.001 per share		tglo		None

Securities registered pursuant to Section 12(g) of the Act:

None

Indicate by check mark if the Registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.

☐ Yes ☒ No

Indicate by check mark if the Registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.

☐ Yes ☒ No

Indicate by check mark whether the Registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days:

☒ Yes ☐ No

Indicate by check mark whether the Registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Registrant was required to submit such files).

☒ Yes No

Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.


Large accelerated filer ☐	Accelerated filer ☐
Non-accelerated filer ☒	Smaller reporting company ☒
Emerging growth company ☐

If an emerging growth company, indicate by checkmark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report ☐

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements.☐

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive oﬃcers during the relevant recovery period pursuant to §240.10D-1(b).☐

Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Act).

☒ Yes ☐ No

Aggregate market value of the voting Common Stock held by non-affiliates of the Registrant as of the close of business as of the last business day of the Registrant’s most recently completed second fiscal quarter, June 30, ~~2024~~2025: $19,~~298~~311,~~178~~044. *

*Includes voting stock held by third parties, which may be deemed to be beneficially owned by affiliates, but for which such affiliates have disclaimed beneficial ownership.

The number of shares outstanding of the Registrant’s Common Stock, $0.001 par value (the “Common Stock”), as of March 1823, ~~2025~~2026 was 441,480,473.

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theglobe.com, inc.

FORM 10-K

TABLE OF CONTENTS

	Page
PART I	2
ITEM 1. BUSINESS	2
ITEM 2. PROPERTIES	5
ITEM 3. LEGAL PROCEEDINGS	5
ITEM 4. MINE SAFETY DISCLOSURES	5
PART II	6
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES	6
ITEM 6. SELECTED FINANCIAL DATA	6
ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS	6
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA	9
ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE	1820
PART III	1921
ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE	1921
ITEM 11. EXECUTIVE COMPENSATION	2123
ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS	2123
ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS AND DIRECTOR INDEPENDENCE	2224
ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES	2325
PART IV	2426
ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES	2426

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FORWARD LOOKING STATEMENTS

CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS

This Form 10-K contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (with the rules promulgated thereunder, the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (with the rules promulgated thereunder, 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-K 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 expressed in any forward-looking statement. A description of risks that could cause our results to vary appears under “Risk Factors” and elsewhere in this Form 10-K. The most important factors that could prevent us from achieving our goals, and cause the assumptions underlying forward-looking statements and the actual results to differ materially from those expressed in or implied by those forward-looking statements include, but are not limited to, the following:

●our ability to raise additional and sufficient capital;

●our ability to continue to receive funding from related parties;

●our ability to successfully estimate the impact of certain accounting and tax matters.

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PART I

ITEM 1. BUSINESS

DESCRIPTION OF BUSINESS

General

theglobe.com, inc. (the “Company,” “theglobe,” “we” or “us”) was incorporated on May 1, 1995 and commenced operations on that date. Originally, we were an online community with registered members and users in the United States and abroad. On September 29, 2008, we consummated the sale of the business and substantially all of the assets of our subsidiary, Tralliance Corporation (“Tralliance”), to Tralliance Registry Management Company, LLC (“Tralliance Registry Management”), an entity controlled by Michael S. Egan, our former Chairman and Chief Executive Officer. As a result of and on the effective date of the sale of our Tralliance business, which was our last remaining operating business, we became a “shell company,” as that term is defined in Rule 12b-2 of the Exchange Act, with no material operations or assets.

On December 20, 2017, Delfin Midstream ~~LLC~~Inc. (“Delfin”) entered into a Common Stock Purchase Agreement with certain of our stockholders for the purchase of a total of 312,825,952 shares of our common stock, par value $0.001 per share (“Common Stock”), representing approximately 70.9% of our Common Stock.

As a shell company, our operating expenses have consisted primarily of, and we expect them to continue to consist primarily of, customary public company expenses, including personnel, accounting, financial reporting, legal, audit and other related public company costs.

As of December 31, ~~2024~~2025, as reflected in our accompanying Balance Sheet, our current liabilities exceed our total assets. We prefer to avoid filing for protection under the U.S. Bankruptcy Code. However, unless we are successful in raising additional funds through the offering of debt or equity securities, we may not be able to continue to operate as a going concern for any significant length of time in the future. Notwithstanding the above, we currently intend to continue operating as a public company and make all the requisite filings under the Exchange Act.

EMPLOYEES

As of March 1923, ~~2025~~2026, we had no employees. Our executive officer currently devotes very limited time to our business and receives no compensation from us. Our executive officer is an officer, director and/or stockholder of other companies which may have ongoing business relationships with the Company. See the section in this annual report entitled “Item 1A. Risk Factors—Our management may have other interests that may conflict with the interests of our stockholders.”

AVAILABLE INFORMATION

The Company’s Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and amendments to reports filed pursuant to Sections 13(a) and 15(d) of the Exchange Act, are filed with the U.S. Securities and Exchange Commission (“SEC”). While we do not maintain a website, such reports and other information filed by the Company with the SEC are available on the SEC’s website, www.sec.gov, free of charge

ITEM 1A. RISK FACTORS

Risks Relating to Our Business

We may not be able to continue as a going concern.

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. Accordingly, the financial statements do not include any adjustments relating to the recoverability of assets and classification of liabilities that might be necessary should we be unable to continue as a going concern. However, for the reasons described below, we do not believe that cash on hand and cash flow generated internally by us will be adequate to fund our limited overhead and other cash requirements beyond the next twelve months. These reasons raise significant doubt about our ability to continue as a going concern. In addition, our independent registered public accounting firm has issued a report that included an explanatory paragraph referring to our significant net losses, working capital deficit and need to raise additional capital, which as it noted raised substantial doubt about our ability to continue as a going concern.

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~~Delfin,~~explanatory ~~the~~paragraph ~~Company’s~~referring ~~majority stockholder, has continued~~ to ~~fund~~our ~~the~~significant ~~Company~~net through loans to the Company. See the section of this annual report entitled “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations – Liquidity and Capital Resources.” At December 31losses, ~~2024, the Company had a net~~ working capital deficit ofand ~~approximately~~need ~~$1,483,000.~~to ~~This~~raise ~~deficit~~additional ~~included accrued expenses of approximately $26~~capital,~~000,~~ ~~accounts~~which ~~payable~~as ofit ~~approximately~~noted ~~$2,000~~raised ~~and~~substantial ~~approximately~~doubt ~~$1,479,000~~about inour ~~principal~~ability ~~and~~to ~~accrued~~continue ~~interest~~as ~~owed~~a ~~under~~going ~~the Promissory Note entered into with Delfin in March 2018 (the “Promissory Note”) which has been subsequently amended and restated~~concern.

Delfin, the Company’s majority stockholder, has continued to fund the Company through loans to the Company. See the section of this annual report entitled “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations – Liquidity and Capital Resources.” At December 31, 2025, the Company had a net working capital deficit of approximately $1,709,000. This deficit included accrued expenses of approximately $29,000, accounts payable of approximately $4,000 and approximately $1,680,000 in principal and accrued interest owed under the Promissory Note entered into with Delfin in March 2018 (the “Promissory Note”) which has been subsequently amended and restated.

On a short term liquidity basis, we must receive capital contributions or loans from Delfin or its affiliates in order to continue as a going concern. We prefer to avoid filing for protection under the U.S. Bankruptcy Code. However, based upon our current financial condition as discussed above, we believe that we will need to raise additional debt or equity capital in order for us to continue to operate as a going concern on a long-term basis. Any such capital would likely come from Delfin, as we currently have no access to credit facilities and have traditionally relied on borrowings from related parties to meet short-term liquidity needs. Any equity capital raised may result in substantial dilution in the number of outstanding shares of our Common Stock,. We intend to continue to use the proceeds from the amended and restated Promissory Note and seek other loans from Delfin and related entities, if necessary, to fund our public company operating costs while we explore our options related to the future of theglobe.

As of December 31, ~~2024~~2025, we borrowed a total of $1,~~113~~220,000 under the amended and restated Promissory Note from Delfin ~~which was further amended and restated in November 2024.~~,

Our management may have other interests that may conflict with the interests of our stockholders.

Mr. Jones became our Chief Executive Officer in 2018. Mr. Jones currently serves as the Chief Executive Officer of Fairwood, which is a material stockholder of Delfin, our controlling stockholder. Mr. Jones is a material stockholder of Delfin and also maintains directorships, investments and participations with and in other companies and entities, including those that may be involved in the gas and/or energy business. Although there are currently no relationships between the Company and these entities, Mr. Jones, due to his relationship with such entities, will have an inherent conflict of interest in making any decision related to transactions between the related entities and the Company. Furthermore, since Mr. Jones is also the sole member of our Board of Directors (the “Board”), our Board presently is not “independent.” In the event that we have independent directors in the future, we intend to review related party transactions on a case-by-case basis.

We currently have no business operations and are a shell company.

Immediately following the closing of the Tralliance Purchase Transaction, we became a shell company with no material operations or assets, and no source of revenue other than under the “net revenue” earn-out arrangement with Tralliance Registry Management. We expect that our future operating expenses as a public shell company will consist primarily of customary public company expenses, including legal, audit and other miscellaneous public company costs which will need to be paid by Delfin. In addition, our lack of operations, assets and current prospects makes it difficult for investors to evaluate our future performance.

We may require additional financing to maintain our reporting requirements and administrative expenses.

We have no meaningful revenues and are dependent on our cash on hand to fund the costs associated with the reporting obligations under the Exchange Act, and other administrative costs associated with our corporate existence. For the years ended December 31, ~~2024~~2025 and ~~2023~~2024, we incurred net losses of $~~204~~226,~~867~~189 and $~~191~~204,~~740~~867, respectively. General and administrative expenses include customary public company expenses, including outside legal and audit fees, insurance and other related public company costs. We do not expect to generate any meaningful revenues unless and until we commence business operations. In the past, we relied on funding from affiliated creditors and we may need additional funding beyond those sources to continue as a going concern. In the event that our available funds prove to be insufficient, we will be required to seek additional financing. Our failure to secure additional financing could have a material adverse effect on our ability to pay the legal and audit fees and other administrative costs in order to continue to fulfill our reporting obligations. We do not have any arrangements with any bank or financial institution to secure additional financing and such financing may not be available on terms acceptable and in our best interests, if at all.

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We may suffer adverse consequences if we are deemed an investment company under the Investment Act of 1940 and we may incur significant costs to avoid investment company status.

We do not believe that we are an “investment company” as defined by the Investment Company Act of 1940. If the Securities and Exchange Commission, or SEC, or a court were to disagree with us, we could be required to register as an investment company. This would negatively affect our ability to consummate a potential acquisition of an operating company, subjecting us to disclosure and accounting guidance geared toward investment, rather than operating companies; limiting our ability to borrow money, issue options, issue multiple classes of stock and debt, and engage in transactions with affiliates; and requiring us to undertake significant costs and expenses to meet disclosure and regulatory requirements to which we would be subject as a registered investment company.

Risks Relating to Our Common Stock

We are controlled by our majority stockholder, which may limit the ability of our other stockholders to influence future corporate action.

As of December 31, ~~2024~~2025, our majority stockholder, Delfin Midstream ~~LLC~~Inc., holds approximately 70.9% of the issued and outstanding shares of our Common Stock. Accordingly, Delfin continues to be in a position to control the vote on all corporate actions in the future.

The delisting of our Common Stock makes it more difficult for investors to sell shares.

The shares of our Common Stock were delisted from the NASDAQ national market in April 2001 and have traded since in the over-the-counter market on what is commonly referred to as the electronic bulletin board or “OTCBB.” As a result, an investor may find it more difficult to dispose of or obtain accurate quotations as to the market value of the securities, if at all. The delisting has made trading our shares more difficult for investors. It has also made it more difficult for us to raise additional capital. We may also incur additional costs under state blue-sky laws if we sell equity due to our delisting.

We do not currently intend to pay dividends on our Common Stock and, consequently, the ability of our stockholders to achieve a return on their investment in our Common Stock will depend on appreciation in the price of our Common Stock.

We do not expect to pay cash dividends on our Common Stock. Any future dividend payment is within the absolute discretion of our Board and will depend on, among other things, our results of operations, working capital requirements, capital expenditure requirements, financial condition, contractual restrictions, business opportunities, anticipated cash needs, provisions of applicable law and other factors that our Board may deem relevant. We may not generate sufficient cash from operations in the future to pay dividends on our Common Stock. As a result, the success of an investment in our Common Stock will depend on future appreciation in its value. The price of our Common Stock may not appreciate in value or even maintain the price at which our stockholders purchased shares. If our Common Stock does not appreciate in value, investors could suffer losses in their investment in our Common Stock.

Our Common Stock is subject to certain “penny stock” rules which may make it a less attractive investment.

Since the trading price of our Common Stock is less than $5.00 per share and our net tangible assets are less than $2.0 million, trading in our Common Stock is subject to the requirements of Rule 15g-9 of the Exchange Act. Under Rule 15g-9, brokers who recommend penny stocks to persons who are not established customers and accredited investors, as defined in the Exchange Act, must satisfy special sales practice requirements, including requirements that they make an individualized written suitability determination for the purchaser; and receive the purchaser’s written consent prior to the transaction. The Securities Enforcement Remedies and Penny Stock Reform Act of 1990 also requires additional disclosures in connection with any trades involving a penny stock, including the delivery, prior to any penny stock transaction, of a disclosure schedule explaining the penny stock market and the risks associated with that market. Such requirements may severely limit the market liquidity of our Common Stock and the ability of purchasers of our equity securities to sell their securities in the secondary market. For all of these reasons, an investment in our equity securities may not be attractive to our potential investors.

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As a shell company, we are subject to more stringent reporting requirements.

We have no or nominal operations and assets, and pursuant to Rule 405 and Exchange Act Rule 12b-2, we are a shell company. Applicable securities rules prohibit shell companies from using a Form S-8 to register securities pursuant to employee compensation plans. However, the rules do not prevent us from registering securities pursuant to certain other registration statements. Additionally, Form 8-K requires shell companies to provide more detailed disclosure upon completion of a transaction that causes it to cease being a shell company. To the extent we acquire a business in the future, we must file a current report on Form 8-K containing the information required in a registration statement on Form 10, within four business days following completion of the transaction together with financial information of the private operating company. In order to assist the SEC in the identification of shell companies, we are also required to check a box on Form 10-Q and Form 10-K indicating that we are a shell company. To the extent that we are required to comply with additional disclosure because we are a shell company, we may be delayed in executing any mergers or acquiring other assets that would cause us to cease being a shell company.

Rule 144 is not generally available to holders of our Common Stock which makes it difficult to resell shares in the future.

With limited exceptions related to restrictive securities acquired before we became a “shell company,” holders of our restricted securities are limited in their ability to resell their securities pursuant to Rule 144. Preclusion from the use of the resale exemption from registration afforded by Rule 144 may make it more difficult for us to sell equity securities in the future, and for stockholders to resell their restricted securities.

Our need for capital may create additional risks and create dilution to existing stockholders.

As mentioned above, we will need to raise additional capital in the future, which may be funded from unrelated third party sources, including the incurring of debt and/or the sale of additional equity securities. In addition, we may require additional financing to fund working capital and operating losses in the future should the need arise. The incurrence of debt creates additional financial leverage and therefore an increase in the financial risk of our operations. The sale of additional equity securities may be dilutive to the interests of our current stockholders. In addition, there can be no assurance that such additional financing, whether debt or equity, will be available to us or that it will be available on acceptable commercial terms. Any inability to secure such additional financing on acceptable terms could have a materially adverse impact on our business, financial condition and operating results.

ITEM 1B. UNRESOLVED STAFF COMMENTS

None.

ITEM 1C. CYBERSECURITY

As a shell company with no current business or operations, we do not have an established process to oversee and identify material risks from cybersecurity threats nor any board committee or subcommittee responsible for the oversight of risks from cybersecurity threats.

ITEM 2. PROPERTIES

The Company does not own or lease any property. We currently use the offices of Delfin at no cost to us.

ITEM 3. LEGAL PROCEEDINGS

None.

ITEM 4. MINE SAFETY DISCLOSURES

Not applicable.

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PART II

ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

MARKET INFORMATION

Market Information

The shares of our Common Stock are quoted for trading on the over-the-counter market on what is commonly referred to as the electronic bulletin board, under the symbol “TGLO”. The following table sets forth the range of high and low bid prices of our Common Stock for the periods indicated as reported by the over-the-counter market (the electronic bulletin board). The quotations below reflect inter-dealer prices, without retail mark-up, mark-down or commission and may not represent actual transactions (prices are rounded to the nearest cent):


	~~2024~~2025				~~2023~~2024
	High		Low		High		Low
Fourth Quarter	$	0.2259	$	0.0924	$	0.4522	$	0.1109
Third Quarter	$	0.1731	$	0.0714	$	0.3517	$	0.1707
Second Quarter	$	0.2540	$	0.1115	$	0.3625	$	0.11
First Quarter	$	0.2860	$	0.1516	$	0.4328	$	0.1315

Holders of Common Stock

We had approximately ~~415~~377 holders of record of Common Stock as of ~~January~~March 1323, ~~2025~~2026. This does not reflect persons or entities that hold Common Stock in nominee or “street” name through various brokerage firms.

Dividends

We have not paid any cash dividends on our Common Stock since our inception and do not intend to pay dividends in the foreseeable future. Our Board will determine if we pay any future dividends.

Stock Performance Graph

As a “smaller reporting company,” as defined by Rule 12b-2 of the Exchange Act, we have elected scaled disclosure reporting and therefore are not required to provide the stock performance graph.

Recent Sales of Unregistered Securities

None.

Repurchases of Equity Securities

None.

ITEM 6. RESERVED

ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Overview

As a shell company, we currently have no material operations or assets.

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Basis of Presentation of Financial Statements; Going Concern

We received a report from our independent registered public accountants, relating to our December 31, ~~2024~~2025 audited financial statements, containing an explanatory paragraph regarding our ability to continue as a going concern. As a shell company, our management believes that we will not be able to generate operating cash flows sufficient to fund our operations and pay our existing current liabilities in the foreseeable future. Based upon our current limited cash resources and without the infusion of additional capital and/or the continued forbearance of our creditors, our management does not believe we can operate as a going concern beyond the next twelve months. See “Future and Critical Need for Capital” section of this Management’s Discussion and Analysis of Financial Condition and Results of Operations for further details.

Our 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. Accordingly, our financial statements do not include any adjustments relating to the recoverability of assets and classification of liabilities that might be necessary should we be unable to continue as a going concern.

All Note references relate to accompanying Notes to Financial Statements.

Results of Operations

Year Ended December 31, ~~2024~~2025 Compared to Year Ended December 31, ~~2023~~2024

Net Revenue

Commensurate with the sale of our Tralliance business on September 29, 2008, we became a shell company, and have not had any material operations since then. As a result, net revenue was $0 for both of the years ended December 31, ~~2024~~2025 and ~~2023~~2024.

General and Administrative

General and administrative expenses include only those customary public company expenses, including outside legal and audit fees, insurance and other related public company costs. General and administrative expenses totaled approximately $~~127~~132,000 for the year ended December 31, ~~2024~~2025 and $~~117~~127,000 for the year ended December 31, ~~2023~~2024. The increase was due to an increase in legal as well as an increase in accounting fees in the current year as compared to prior year.

Related Party Interest Expense

Related party interest expense for the years ended December 31, ~~2024~~2025 and ~~2023~~2024 was approximately $8594,000 and $7585,000, respectively, and consisted of interest due and payable to Delfin under the Bridge Note. The increase is due to an increase in the amount of money borrowed from Delfin.

Net Loss

Net loss for the year ended December 31, ~~2024~~2025 was approximately $~~205~~226,000 as compared to a net loss of approximately $~~192~~205,000 for the year ended December 31, ~~2023~~2024 as a result of an increase in legal and accounting fees as well as related party interest expense.

Liquidity and Capital Resources

Future and Critical Need for Capital

The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the U.S. on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. Accordingly, the financial statements do not include any adjustments relating to the recoverability of assets and classification of liabilities that might be necessary should we be unable to continue as a going concern. However, for the reasons described below, our management does not believe that cash on hand and cash flow generated internally by us will be adequate to fund our limited overhead and other cash requirements beyond the next twelve months. These reasons raise significant doubt about our ability to continue as a going concern.

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In March 2018, the Company executed a promissory note with Delfin for $50,000 (as amended and restated from time to time, the “Promissory Note”), which was amended and restated several times over the years ~~and in November 2024~~ to $1,~~113~~220,000, which was our balance at December 31, ~~2024~~2025. The Promissory Note is used to pay certain accrued expenses, accounts payable and to allow the Company to have working capital. Interest accrues on the unpaid principal balance at a rate of 8% per annum, calculated on a 365/66 day year, as applicable. The Promissory Note is due upon demand. It may be prepaid in whole or in any part at any time prior to demand. Management anticipates continued funding from Delfin over the next twelve months as it determines the direction of the Company. In January 2026, the Company restated the Promissory Note an additional $36,000, which is included in the exhibits below.

Delfin, the Company’s majority stockholder, has continued to fund the Company through loans to the Company (see Note 3). At December 31, ~~2024~~2025, the Company had a net working capital deficit of approximately $1,~~483~~709,000. This deficit included accrued expenses of approximately $2629,000, accounts payable of approximately $24,000 and approximately $1,~~479~~680,000 in principal and accrued interest owed under the Promissory Note with Delfin.

Cash Flow Items

Year Ended December 31, ~~2024~~2025 Compared to Year Ended December 31, ~~2023~~2024

As of December 31, ~~2024~~2025, we had $233,~~750~~632 in cash as compared to $923,~~105~~750 as of December 31, ~~2023~~2024. Net cash flows used in operating activities totaled approximately $~~121~~127,000 for the year ended December 31, ~~2024~~2025 compared to cash flows used in operating activities of approximately $~~114~~121,000 for the year ended December 31, ~~2023~~2024.

Net cash flows provided by financing activities totaled approximately $~~136~~107,000 for the year ended December 31, ~~2024~~2025 compared to approximately $~~116~~136,000 for the year ended December 31, ~~2023~~2024.

Off-Balance Sheet Arrangements

As of December 31, ~~2024~~2025, we did not have any material off-balance sheet arrangements that have or are reasonably likely to have a material effect on our current or future financial condition, revenues or expenses, results of operations, liquidity, or capital resources.

Effects of Inflation

Management believes that inflation has not had a significant effect on our results of operations during 2024 and 2023.

Critical Accounting Policies and Estimates

The preparation of our financial statements in conformity with accounting principles generally accepted in the U.S. requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Our estimates, judgments and assumptions are continually evaluated based on available information and experience. Because of the use of estimates inherent in the financial reporting process, actual results could differ from those estimates. Certain of our accounting policies require higher degrees of judgment than others in their application. Our company does not have any as of December 31, ~~2024~~2025.

Impact of Recently Issued Accounting Standards

Management has determined that all recently issued accounting pronouncements will not have a material impact on our financial statements or do not apply to our operations.

ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

As a “smaller reporting company,” as defined by Rule 12b-2 of the Exchange Act, we have elected scaled disclosure reporting and therefore are not required to provide the information required by this Item.

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ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FINANCIAL STATEMENTS

THEGLOBE.COM, INC.

INDEX TO FINANCIAL STATEMENTS

	Page
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM (PCAOB ID 688)	10
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM (CBIZ CPAs P.C. - PCAOB ID 199)	10
BALANCE SHEETS	11
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM (Marcum LLP - PCAOB ID 688)	11
STATEMENTS OF OPERATIONS	12

STATEMENTS OF STOCKHOLDERS’ EQUITY (DEFICIT)	13
BALANCE SHEETS	12
STATEMENTS OF CASH FLOWS	14
STATEMENTS OF OPERATIONS	13
NOTES TO FINANCIAL STATEMENTS	15
STATEMENTS OF STOCKHOLDERS’ EQUITY (DEFICIT)	14
STATEMENTS OF CASH FLOWS	15
NOTES TO FINANCIAL STATEMENTS	16

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Report of Independent Registered Public Accounting Firm

To the ~~Shareholders~~Stockholders and Board of Directors ~~oftheglobe.com, Inc.~~of

theglobe.com, Inc.

Opinion on the Financial Statements

We have audited the accompanying balance ~~sheets~~sheet of theglobe.com, Inc. (the “Company”) as of December 31, ~~2024 and 2023~~2025, the related statements of operations, stockholders’ ~~equity (~~deficit) and cash flows for ~~each of~~ the ~~two~~year ~~years~~then ~~in the period~~ ended ~~December 31~~, ~~2024,~~ and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, ~~2024 and 2023~~2025, and the results of its operations and its cash flows for ~~each of~~ the ~~two~~year ~~years~~then ~~in the period~~ ended ~~December 31~~, ~~2024,~~ in conformity with accounting principles generally accepted in the United States of America.

Explanatory Paragraph – Going Concern

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As more fully described in Note 2, the Company has a significant working capital deficiency, and has ~~incurred~~limited ~~significant~~access ~~losses~~to ~~and~~the ~~needs~~capital toresources ~~raise~~it ~~additional~~needs ~~funds~~ to ~~meet~~maintain its ~~obligations and sustain its operations~~existence. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. Management’s plans inregarding ~~regard to~~ these matters are also described in Note 2. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

Basis for Opinion

These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on ~~these~~the Company’s financial statements based on our ~~audits~~audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our ~~audits~~audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the ~~audits~~audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our ~~audits,~~audit we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion.

Our ~~audits~~audit included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our ~~audits~~audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

Critical Audit Matters

Critical audit matters are matters arising from the current period audit of the financial statements that were communicated or required to be communicated to the audit committee and that: (1) relate to accounts or disclosures that are material to the financial statements and (2) involved our especially challenging, subjective, or complex judgments. We determined that there are no critical audit matters.

~~ ~~ /s/ ~~Marcum~~CBIZ ~~LLP~~CPAs ~~ Marcum LLP ~~P.C.

CBIZ CPAs P.C.

We have served as the Company’s auditor since 2001 (such date takes into account the acquisition of the attest business of Marcum llp by CBIZ CPAs P.C. effective November 1, 2024).

Fort Lauderdale, Florida

March 2031, ~~2025~~2026

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Report of Independent Registered Public Accounting Firm

To the Stockholders and Board of Directors of

theglobe.com, Inc.

Opinion on the Financial Statements

We have audited the accompanying balance sheet of theglobe.com, Inc. (the “Company”) as of December 31, 2024, the related statements of operations, stockholders’ equity deficit and cash flows for the year ended December 31, 2024, and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2024, and the results of its operations and its cash flows for the year ended December 31, 2024, in conformity with accounting principles generally accepted in the United States of America.

Explanatory Paragraph – Going Concern

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As more fully described in Note 2, the Company has a significant working capital deficiency, has incurred significant losses and needs to raise additional funds to meet its obligations and sustain its operations. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. Management’s plans in regard to these matters are also described in Note 2. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

Basis for Opinion

These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on these financial statements based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audit, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion.

Our audit included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion.

/s/ Marcum LLP

Marcum LLP

We have served as the Company’s auditor since 2001 through April 17, 2025.

Fort Lauderdale, Florida
March 20, 2025

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THEGLOBE.COM, INC.

BALANCE SHEETS


	December 31, ~~2024~~2025		December 31, ~~2023~~2024
ASSETS
Current Assets:
Cash	$	233,~~750~~632	$	923,~~105~~750
Total current assets	$	233,~~750~~632	$	923,~~105~~750

LIABILITIES AND STOCKHOLDERS’ DEFICIT

Current Liabilities:
Accounts payable	$	24,~~136~~113	$	32,~~661~~136
Accrued expenses and other current liabilities		2528,~~870~~938		25,~~748~~870
Accrued interest due to related party		~~366~~460,~~119~~145		~~281~~366,~~204~~119
Notes payable due to related party		1,~~113~~220,000		~~977~~1,113,000
Total current liabilities		1,~~507~~713,~~125~~196		1,~~287~~507,~~613~~125

Stockholders’ Deficit:
Common stock, $0.001 par value; 500,000,000 shares authorized; 441,480,473 shares issued and outstanding at December 31, 2024 and December 31, 2023		441,480		441,480
Common stock, $0.001 par value; 500,000,000 shares authorized; 441,480,473 shares issued and outstanding at December 31, 2025 and December 31, 2024		441,480		441,480
Preferred stock, $0.001 par value; 3,000,000 shares authorized; 0 shares issued at December 31, 2024 and 2023		—		—
Preferred stock, $0.001 par value; 3,000,000 shares authorized; 0 shares issued at December 31, 2025 and 2024		—		—
Additional paid in capital		296,594,042		296,594,042
Accumulated deficit		(298,~~518~~745,~~897~~086)		(298,~~314~~518,~~030~~897)
Total stockholders’ deficit		(1,~~483~~709,~~375~~564)		(1,~~278~~483,~~508~~375)
Total liabilities and stockholders’ deficit	$	233,~~750~~632	$	923,~~105~~750

See notes to financial statements.

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THEGLOBE.COM, INC.

STATEMENTS OF OPERATIONS


	Year Ended December 31,
	~~2024~~2025		~~2023~~2024

Net Revenue	$	—	$	—

Operating Expenses:
General and administrative		~~126~~132,~~984~~163		~~116~~126,~~708~~984
Total Operating Expenses		~~119~~132,~~862~~163		~~116~~126,~~708~~984

Operating Loss		(~~119~~132,~~952~~163)		(~~116~~126,~~708~~984)

Other Income		~~7,032~~—		—7,032

Related party interest expense		(8494,~~915~~026)		(7584,~~032~~915)

Loss Before Income Taxes		(~~204~~226,~~867~~189)		(~~191~~204,~~740~~867)

Income Taxes		—		—
Net Loss	$	(~~204~~226,~~867~~189)	$	(~~191~~204,~~740~~867)

Loss Per Share:
Basic and Diluted:	$	—	$	—

Weighted Average Common Shares Outstanding		441,480,473		441,480,473

See notes to financial statements.

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THEGLOBE.COM, INC.

STATEMENTS OF STOCKHOLDERS’ EQUITY (DEFICIT)


				Additional
	Common Stock			Paid-in		Accumulated
	Shares	Amount		Capital		Deficit		Total

Balance, January 1, 2023	441,480,473	$	441,480	$	294,594,042	$	(298,122,290)	$	(1,086,768)
Balance, January 1, 2024	441,480,473	$	441,480	$	296,594,042	$	(298,314,030)	$	(1,278,508)

Year Ended December 31, 2023
Net Loss	—		—		—		(191,740)		(191,740)
Balance December 31, 2023	441,480,473	$	441,480	$	296,594,042	$	(298,314,030)	$	(1,278,508)

Year Ended December 31, 2024
Net Loss	—		—		—		(204,867)		(204,867)
Balance, December 31, 2024	441,480,473	$	441,480	$	296,594,042	$	(298,518,897)	$	(1,483,375)
Balance December 31, 2024	441,480,473	$	441,480	$	296,594,042	$	(298,518,897)	$	(1,483,375)

Year Ended December 31, 2025
Net Loss	—		—		—		(226,189)		(226,189)
Balance, December 31, 2025	441,480,473	$	441,480	$	296,594,042	$	(298,745,086)	$	(1,709,564)

See notes to financial statements.

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THEGLOBE.COM, INC.

STATEMENTS OF CASH FLOWS


	Year Ended December 31,
	~~2024~~2025		~~2023~~2024
Cash Flows from Operating Activities:
Net Loss	$	(~~204~~226,~~867~~189)	$	(~~191~~204,~~740~~867)

Adjustments to reconcile net loss from operations to net cash flows used in operating activities:
Adjustments to reconcile net loss from operations to net cash used in operating activities:

Changes in operating assets and liabilities:
Accounts payable		(1,~~525)~~977		(1,~~661~~525)
Accrued expenses and other current liabilities		~~122~~3,068		~~1,381~~122
Accrued interest due to related party		8494,~~915~~026		7584,~~032~~915

Net cash flows used in operating activities		(~~121~~127,~~355~~118)		(~~113~~121,~~666~~355)

Cash Flows from Financing Activities:
Borrowings on notes payable		136,000		116,000
Proceeds from related party loans		107,000		136,000
Net cash flows provided by financing activities		~~136~~107,000		~~116~~136,000

Net change in cash		14(20,~~645~~118)		214,~~334~~645
Cash at beginning of period		9,105		6,771
Cash at beginning of the year		23,750		9,105
Cash at end of period	$	23,750	$	9,105
Cash at end of the year	$	3,632	$	23,750

See notes to financial statements.

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THEGLOBE.COM, INC.

NOTES TO FINANCIAL STATEMENTS

December 31, ~~2024~~2025 and ~~2023~~2024

(1) ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

DESCRIPTION OF THE COMPANY

As of December 31, 2024, as reflected in our accompanying Balance Sheet, our current liabilities exceed our total assets. We prefer to avoid filing for protection under the U.S. Bankruptcy Code. However, unless we are successful in raising additional funds through the offering of debt or equity securities, we may not be able to continue to operate as a going concern for any significant length of time in the future. Notwithstanding the above, we currently intend to continue operating as a public company and making all the requisite filings under the Exchange Act.

USE OF ESTIMATES

The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and expenses during the reporting period.

FAIR VALUE OF FINANCIAL INSTRUMENTS

Financial Accounting Standards Board (“FASB”) Accounting Standards Codification Topic on Fair Value Measurements and Disclosure (“ASC 820”) requires that the Company disclose estimated fair values of its financial instruments. The carrying amount of certain of the Company’s financial instruments, including cash, accounts payable and accrued expenses, are a reasonable estimate of their fair values at December 31, ~~2024~~2025 and ~~2023~~2024, respectively, due to their short maturities.

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INCOME TAXES

The Company accounts for income taxes using the asset and liability method. Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases for operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the results of operations in the period that the tax change occurs. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized.

NET LOSS PER COMMON SHARE

The Company reports basic and diluted net loss per common share in accordance with FASB ASC Topic 260, “Earnings Per Share.” Basic loss per share is computed using the weighted average number of common shares outstanding during the period. Common equivalent shares consist of the incremental common shares issuable upon the exercise of stock options and warrants (using the treasury stock method). Common equivalent shares are excluded from the calculation if their effect is anti-dilutive. There were no potentially dilutive securities and common stock equivalents for the years ended December 31, ~~2024~~2025 and ~~2023~~2024.

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RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS

~~Management~~In ~~has~~December ~~determined~~2023, ~~that~~the ~~all~~FASB ~~recently~~ issued ~~accounting~~ASU ~~pronouncements~~2023-09, ~~will~~Income ~~not~~Taxes ~~have~~(Topic a740): ~~material~~Improvements ~~impact~~to Income Tax Disclosures, which requires public entities, on an annual basis, to provide disclosure of specific categories in the rate reconciliation, as well as disclosure of income taxes paid disaggregated by jurisdiction. ASU 2023-09 is effective for fiscal years beginning after December 15, 2024, with early adoption permitted. The Company’s ~~financial~~adopted ~~statements~~ASU or2023-09 dofor the year ended December 31, 2025, and applied the new disclosure requirements. The adoption did not ~~apply~~have toa significant impact on the ~~Company’s~~financial ~~operations~~statements.

(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. ~~Accordingly,~~The ~~the~~Company ~~financial~~currently ~~statements~~has dono ~~not~~sources ~~include~~of ~~any~~operating ~~adjustments~~cash ~~relating~~flow toand ~~the~~its ~~recoverability~~only source of ~~assets~~working ~~and~~capital ~~classification~~consists of ~~liabilities~~loans ~~that~~made ~~might~~by beDelfin, ~~necessary~~its ~~should~~principal ~~the~~stockholder. ~~Company~~Management behas ~~unable~~no toexpectation ~~continue~~that asthis acircumstance ~~going~~will ~~concern.~~change ~~However,~~in ~~for~~ the ~~reasons~~foreseeable ~~described~~future ~~below,~~due ~~Company~~to ~~management~~the ~~does~~absence ~~not~~of ~~believe~~any ~~that~~business ~~cash~~plan. onCash ~~hand~~flows ~~and~~used ~~cash~~in ~~flow~~operating ~~generated~~activities ~~internally~~consist bysolely ~~the~~of ~~Company~~professional ~~will~~fees ~~be adequate to fund its limited overhead~~ and ~~other~~administrative ~~cash~~expenses ~~requirements~~incurred ~~over~~in the ~~next~~normal ~~twelve months.~~course ~~These~~of ~~reasons~~maintaining ~~raise substantial doubt about~~ the Company’s ~~ability~~legal toexistence ~~continue~~ as aan ~~going~~inactive ~~concern~~public ~~within one year after the date that the financial statements are issued~~entity.

Delfin, loaned the Company’s ~~majority~~an ~~stockholder~~additional $36,000 ~~has~~pursuant ~~continued~~ to ~~fund~~an ~~the~~amendment ~~Company through loans~~ to the ~~Company~~exiting ~~(see~~note ~~Note~~agreement ~~3).~~on AtJanuary ~~December 31~~10, ~~2024,~~2026. Although the Company ~~had~~anticipates athat ~~net~~Delfin ~~working~~will ~~capital~~provide ~~deficit~~the ofCompany ~~approximately~~with ~~$1,483,000.~~the ~~This~~ongoing ~~deficit~~funding ~~included~~it ~~accrued~~needs ~~expenses~~to ofmaintain ~~approximately~~its ~~$26~~legal existence,~~000,~~ ~~accounts~~Delfin ~~payable~~has ofnot ~~approximately~~committed ~~$2,000~~to do so and ~~approximately~~further $1funding,~~479,000~~ inif ~~principal~~any, ~~and~~will ~~accrued~~be ~~interest~~made ~~owed~~at ~~under~~ the ~~Promissory~~sole ~~Note with~~discretion of Delfin.

~~MANAGEMENT~~However, ~~PLANS~~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.

Management anticipates continued funding from Delfin over the next twelve months as it determines the direction of the Company.

(3) DEBT

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(4) INCOME TAXES

The provision (benefit) for income taxes is summarized as follows:


	Year Ended December 31,
	~~2024~~2025		~~2023~~2024
Operations	$	—	$	—
	$	—	$	—

~~The following is a reconciliation of the federal income tax provision at the federal statutory rate to the Company’s tax provision attributable to operations:~~17

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A reconciliation of the income tax benefit to the amount computed by applying the 21% statutory U.S. federal income tax rate to income before income taxes after the adoption of ASU 2023-09 is as follows:


	Year Ended December 31,
	~~2024~~2025		~~2023~~
	Amount			Percent
Statutory federal income tax rate	~~21.00~~$	%47,500	~~21.00~~	%21.00	%
State income taxes, net of federal benefit	4.35		4.35
State income taxes, net of federal benefit (a)		—		0.00
Change in valuation allowance	~~(25.35)~~	(47,500)	~~(25.34)~~	(21.00)

Effective tax rate	~~0.00~~$	%—	~~0.00~~	%—	%

(a)

State taxes in Florida made up the majority (greater than 50 percent) of the tax effect in this category

The following is a reconciliation of the federal income tax provision at the federal statutory rate to the Company’s tax provision attributable to operations prior to the adoption of ASU 2023-09:


		Year Ended December 31,
		2024
		Percent
Statutory federal income tax rate		21.00	%
State income taxes, net of federal benefit		4.35
Change in valuation allowance		(25.35)

Effective tax rate			%

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities at December 31, 2024 and 2023 are presented below.


	Year Ended December 31,
	2024		2023

Deferred tax assets (liabilities):
Net operating loss carryforwards	$	369,000	$	318,000
Issuance of warrants		—		967,000
Accrued expenses		—		29,000
Depreciation and amortization		—		10,000
Total gross deferred tax assets		369,000		1,324,000
Less: valuation allowance		(369,000)		(1,324,000)
Total net deferred tax assets	$	—	$	—

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities at December 31, 2025 and 2024 are presented below.


		Year Ended December 31,
		2025			2024

Deferred tax assets (liabilities):
Net operating loss carryforwards		$	427,000		$	369,000
Total gross deferred tax assets			427,000			369,000
Less: valuation allowance			(427,000)			(369,000)
Total net deferred tax assets		$	—		$	—

Because of the Company’s lack of earnings history, the net deferred tax assets have been fully offset by a 100% valuation allowance. The valuation allowance for net deferred tax assets was $369,000 and $1,324,000 as of December 31, 2024 and 2023, respectively. The net change in the total valuation allowance was $955,000 and $(29,000) for the years ended December 31, 2024 and 2023, respectively.

At December 31, 2024, the Company had net operating loss carryforwards available for U.S. tax purposes of approximately $1,458,000 which will carry forward indefinitely.

Because of the Company’s lack of earnings history, the net deferred tax assets, which consists solely of net operating losses, have been fully offset by a 100% valuation allowance. The valuation allowance for net deferred tax assets was $427,000 and $369,000 as of December 31, 2025 and 2024, respectively. The net change in the total valuation allowance was $(58,000) and $955,000 for the years ended December 31, 2025 and 2024, respectively.

At December 31, 2025, the Company had net operating loss carryforwards available for U.S. tax purposes of approximately $1,684,000 which will carry forward indefinitely.

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(5) RELATED PARTY TRANSACTIONS

Under terms of the debt with its majority stockholder (See Note 3), the Company recorded accrued interest of approximately $~~366~~460,000 and $~~281~~366,000 as of December 31, ~~2024~~2025 and ~~2023~~2024, respectively and interest expense of approximately $8594,000 and $7585,000 for the years ended December 31, ~~2024~~2025 and ~~2023~~2024, respectively.

(6) SUBSEQUENT EVENTS

Subsequent events have been evaluated through the date these financial statements have been issued. The Company’s management is not aware of any significant events that occurred subsequent to the balance sheet date ~~but~~other ~~prior~~than to the ~~filing~~additional funding received from Delfin of ~~this~~$36,000 ~~report~~on ~~that~~January ~~would~~10, ~~have~~2026. aThe ~~material~~Twenty ~~impact~~- onFourth ~~its~~Amended ~~financial~~and ~~statements~~Restated promissory note are attached as an exhibit.

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ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

None.

ITEM 9A. CONTROLS AND PROCEDURES

Disclosure Controls and Procedures

We maintain disclosure controls and procedures that are designed to ensure (1) that information required to be disclosed by us in the reports we file or submit under the Exchange Act, is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s (“SEC”) rules and forms, and (2) that this information is accumulated and communicated to management, including our Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure. In designing and evaluating the disclosure controls and procedures, management recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives, and management necessarily was required to apply its judgment in evaluating the cost benefit relationship of possible controls and procedures.

Our Chief Executive Officer and Chief Financial Officer has evaluated the effectiveness of our disclosure controls and procedures as of December 31, ~~2024~~2025. Based on that evaluation, our Chief Executive Officer and Chief Financial Officer has concluded that, as of December 31, ~~2024~~2025, our disclosure controls and procedures were effective.

Management’s Annual Report on Internal Control and Financial Reporting

The Company’s management, under the supervision of the Chief Executive Officer and the Chief Financial Officer, is responsible for establishing and maintaining adequate internal control over financial reporting (as defined in Rules 13a - 15(f) and 15d - 15(f) under the Exchange Act). Internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with GAAP. Internal control over financial reporting includes policies and procedures that:

(i)

pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the Company;

(ii)

provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with GAAP, and that receipts and expenditures of the Company are being made only in accordance with authorizations of management and directors of the Company; and

(iii)

provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the Company’s assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with existing policies or procedures may deteriorate.

Under the supervision of the Chief Executive Officer and Chief Financial Officer, our management conducted an evaluation of the effectiveness of our internal control over financial reporting as of December 31, ~~2024~~2025. Our management used the updated Internal Control-Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission to perform this evaluation. Based upon this evaluation and management’s assessment, management has concluded that internal control over financial reporting was effective as of December 31, ~~2024~~2025. Because we are a smaller public company, we are not required to provide an independent public accountant’s attestation report covering our assessment of internal control over financial reporting.

Changes in Internal Control over Financial Reporting

Our management, which currently consists of Mr. Jones, acting as our Chief Executive Officer and Chief Financial Officer, has evaluated any change in our internal control over financial reporting that occurred during the ~~quarter~~year ended December 31, ~~2024~~2025 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting, and has determined there to be no reportable changes.

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ITEM 9B. OTHER INFORMATION

None.

PART III

ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

The following table sets forth the names, ages and current positions with the Company held by our Directors and Executive Officers.

NAME		AGE		POSITION OR OFFICE WITH THE COMPANY		DIRECTOR SINCE
Frederick Jones		76		President, Chief Executive Officer, Chief Financial Officer and Director		June 29, 2018

We are not aware of any arrangement or understanding between Mr. Jones and any other person pursuant to which he was elected or appointed to his current positions. Neither Mr. Jones nor any immediate family member of Mr. Jones has been a participant in any transaction or currently proposed transaction with the Company that is reportable under Item 404(a) of Regulation S-K.

Due to his status as material stockholder of Delfin, which is our controlling stockholder, and his willingness to serve without compensation, we believe Mr. Jones is in the best position to serve as our director until such time that our controlling stockholder determines the direction of the Company.

Frederick Jones, 76, has been involved in international commodity trading, energy infrastructure, real estate, and oil and gas businesses for approximately 50 years. Mr. Jones was one of the early investors in U.S. shale gas. For approximately the past ten (10) years, Mr. Jones has served, and continues to serve, as the Chief Executive Officer of Fairwood Peninsula Energy Corporation (“Fairwood”), a midstream liquefied natural gas company. Fairwood is a material stockholder of our controlling stockholder, Delfin Midstream, Inc. (“Delfin”). Mr. Jones was a founder of Fairwood and is currently a material Delfin stockholder. He was also a founding stockholder in Marc Rich + Co A.G., Switzerland, now known as Glencore Plc, a multinational commodity trading and mining company.

Mr. Jones will serve as a director until the next annual meeting of stockholders of the Company and until his successor is duly elected and qualified or until his earlier death, resignation or removal.

Compliance with Section 16(a) of the Exchange Act

Section 16(a) of the Exchange Act requires our officers and directors, and persons who own more than 10% of a registered class of our equity securities, to file certain reports regarding ownership of, and transactions in, our securities with the SEC. Such officers, directors, and 10% stockholders are also required to furnish us with copies of all Section 16(a) forms that they file.

Based solely on our review of copies of Forms 3 and 4 and any amendments furnished to us pursuant to Rule 16a-3(e) and any written representations referred to in Item 405(b)(2)(i) of Regulation S-K stating that no Forms 5 were required, we believe that, during the ~~2024~~2025 fiscal year, our officers, directors and all persons owning more than 10% of a registered class of our equity securities have complied with all Section 16(a) applicable filing requirements.

Code of Ethics

We have adopted a Code of Ethics applicable to our officers, including our principal executive officer, principal financial officer, principal accounting officer and any other persons performing similar functions. The Code of Ethics will be provided free of charge by the Company to interested parties upon request. Requests should be made in writing and directed to the Company at the following address: ~~609~~25 ~~Main~~West Cedar Street, Suite ~~2500,~~215 ~~Houston~~Pensacola, ~~TX 77002~~FL 32502, Attention: Frederick Jones.

Insider Trading Policy

We have not adopted an insider trading policy and procedures governing the purchase, sale, and/or other dispositions of the registrant’s securities by directors, officers and employees, or the registrant itself, that are reasonably designed to promote compliance with insider trading laws, rules and regulations, and any listing standards applicable to the registrant.

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Board Meetings

Including unanimous written actions of the Board, the Board met 3 times in ~~2024~~2025.

Committees

Our Company currently does not have nominating, compensation, or audit committees or committees performing similar functions nor does our Company have a written nominating, compensation or audit committee charter. As a shell company, we believe that it is not necessary to have such committees at this time because the Board can adequately perform the functions of such committees.

Audit. We believe that our Board can adequately perform the functions of an audit committee. As a smaller reporting company with no material operations or assets, and due to the lack of financial resources available to us, we do not have a Board member that qualifies as an “audit committee financial expert” as defined in Item 407(D)(5) of Regulation S-K, nor do we have a Board member that qualifies as “independent” within the meaning of applicable Nasdaq Stock Market listing standards, including any heightened independence requirements specific to audit committee members. We believe that retaining an independent director who would qualify as an “audit committee financial expert” would be overly costly and burdensome and is not warranted in our circumstances given our lack of material operations or assets.

Compensation. Because the Company currently has no material operations and none of its executive officers in ~~2024~~2025 received a salary, we do not believe it is necessary to have a compensation committee at this time. We believe that our Board can adequately perform the functions of a compensation committee. Due to his status as an officer of the Company, our sole director is not “independent” within the meaning of applicable Nasdaq Stock Market listing standards, including any heightened independence requirements specific to compensation committee members.

Director Nominations. As noted above, the Board does not have a separate nominating committee. Rather, our Board considers and nominates directors for election. We do not believe the Company would derive any significant benefit from a separate nominating committee. Due to his status as an officer of the Company, our sole director is not “independent” as defined in the applicable Nasdaq Stock Market listing standards.

In recommending director candidates in the future (including director candidates recommended by stockholders), the Board intends to take into consideration such factors as it deems appropriate based on the Company’s current needs. These factors may include diversity, age, skills, decision-making ability, inter-personal skills, experience with businesses and other organizations of comparable size, community activities and relationships, and the interrelationship between the candidate’s experience and business background, and other Board members’ experience and business background, whether such candidate would be considered “independent,” as such term is defined in the Nasdaq Stock Market listing standards, as well as the candidate’s ability to devote the required time and effort to serve on the Board.

The Board will consider for nomination by the Board director candidates recommended by stockholders if the stockholders comply with the following requirements. Under our By-Laws, if a stockholder wishes to nominate a director at the annual meeting, we must receive the stockholder’s written notice not less than 60 days nor more than 90 days prior to the date of the annual meeting, unless we give our stockholders less than 70 days’ notice of the date of our annual meeting. If we provide less than 70 days’ notice, then we must receive the stockholder’s written notice by the close of business on the 10th day after we provide notice of the date of the annual meeting. The notice must contain the specific information required in our By-Laws. A copy of our By-Laws may be obtained by writing to the Company. If we receive a stockholder’s proposal within the time periods required under our By-Laws, we may choose, but are not required, to include it in our proxy statement. If we do, we may tell the other stockholders what we think of the proposal, and how we intend to use our discretionary authority to vote on the proposal. All proposals should be made in writing and sent via registered, certified or express mail, to our executive offices, ~~609~~25 ~~Main~~West Cedar Street, Suite ~~2500,~~215 ~~Houston~~Pensacola, TXFL 32502 ~~77002~~ Attention: Frederick Jones.

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Stockholder Communications with the Board of Directors. Any stockholder who wishes to send communications to the Board should mail them addressed to the intended recipient by name or position in care of: theglobe.com, inc., ~~609~~25 ~~Main~~West Cedar Street, Suite ~~2500,~~215 ~~Houston~~Pensacola, TXFL 32502 ~~77002~~ Attention: Frederick Jones. Upon receipt of any such communications, Mr. Jones will determine the identity of the intended recipient and whether the communication is an appropriate stockholder communication. Then Mr. Jones will send all appropriate stockholder communications to the intended recipient. An “appropriate stockholder communication” is a communication from a person claiming to be a stockholder in the communication, the subject of which relates solely to the sender’s interest as a stockholder and not to any other personal or business interest.

In the case of communications addressed to the Board, the Company will send appropriate stockholder communications to the Board. In the case of communications addressed to any particular directors, the Company will send appropriate stockholder communications to such director.

Attendance at Annual Meetings

The Board encourages, but does not require, its directors to attend the Company’s annual meeting of stockholders. The Company did not hold an annual meeting in ~~2024~~2025.

ITEM 11. EXECUTIVE COMPENSATION

Overview

We do not maintain any executive compensation plans or programs. Mr. Jones, our sole executive officer, did not receive compensation for his services in ~~2024~~2025. In addition, all of our stock option plans have been terminated and there were no unexercised equity awards outstanding as of December 31, ~~2024~~2025 and no Named Executive Officer exercised equity awards during ~~2024~~2025.

SUMMARY COMPENSATION TABLE

We did not provide any compensation for services to our principal executive officer at any time for the years ended December 31, ~~2024~~2025 and December 31, ~~2023~~2024.

COMPENSATION OF DIRECTORS

Directors who are also our employees or officers receive no compensation for serving on our Board. Mr. Jones did not receive a salary, bonus or awards in ~~2024~~2025 for his service on the Board. We reimburse non-employee/non-management directors for all travel and other expenses incurred in connection with attending Board meetings. All of our stock option plans have been terminated and there were no unexercised equity awards outstanding as of December 31, ~~2024~~2025.

ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

The following table sets forth certain information regarding beneficial ownership of our Common Stock as of February 28, ~~2024~~2025 (except as otherwise indicated) by (i) each person who owns beneficially more than 5% of our Common Stock, (ii) each of our directors, (iii) each of our “Named Executive Officers” and (iv) all directors and executive officers as a group. A total of 441,480,473 shares of theglobe’s Common Stock were issued and outstanding on March 1823, ~~2025~~2026.

The amounts and percentage of Common Stock beneficially owned are reported on the basis of regulations of the SEC governing the determination of beneficial ownership of securities. Under the rules of the SEC, a person is deemed to be a “beneficial owner” of a security if that person has or shares “voting power,” which includes the power to vote or to direct the voting of such security, or “investment power,” which includes the power to dispose of or to direct the disposition of such security. A person is also deemed to be a beneficial owner of any securities of which that person has a right to acquire beneficial ownership within 60 days. Under these rules, more than one person may be deemed a beneficial owner of the same securities and a person may be deemed to be a beneficial owner of securities as to which such person has no economic interest. Unless otherwise indicated below, the address of each person or entity named in the table below is in care of theglobe.com, inc., 2700 Post Oak Blvd Houston, TX 77056.

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	SHARES BENEFICIALLY OWNED
				TITLE OF
DIRECTORS AND NAMED EXECUTIVE OFFICERS	NUMBER	PERCENT		CLASS
Frederick Jones	—	—		—

All directors and executive officers as a group (1 person)	—	—		Common

5% STOCKHOLDERS
MORE THAN 5% STOCKHOLDERS

Delfin Midstream Inc.(1)	312,825,952	70.9	%	Common

(1)	These shares are owned directly by Delfin Midstream Inc. Delfin Midstream Inc’s address is 2700 Post Oak Blvd Houston, TX 77056.

Securities Authorized for Issuance Under Equity Compensation Plans as of December 31, ~~2024~~2025

All of our stock option plans have been terminated and there were no unexercised equity awards outstanding as of December 31, ~~2024~~2025.

ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS AND DIRECTOR INDEPENDENCE

Transactions with Related Persons

The following is a summary of transactions, since December 31, 2018, to which we have been a party, in which the amount involved exceeded the lesser of $120,000 or 1% of the average of our total assets at December 31, ~~2024~~2025 and December 31, ~~2023~~2024, and in which any of our directors, executive officers, beneficial holders of more than 5% of our capital stock or certain other related persons had or will have a direct or indirect material interest.

Loans

In March 2018, the Company executed a promissory note with Delfin for $50,000 (as amended and restated from time to time, the “Promissory Note”), which was amended and restated several times over the years ~~and in November 2024~~ to $1,~~113~~220,000, which was our balance at December 31, ~~2024~~2025. The Promissory Note is used to pay certain accrued expenses, accounts payable and to allow the Company to have working capital. Interest accrues on the unpaid principal balance at a rate of 8% per annum, calculated on a 365/66 day year, as applicable. The Promissory Note is due upon demand. It may be prepaid in whole or in any part at any time prior to demand. Management anticipates continued funding from Delfin over the next twelve months as it determines the direction of the Company. For more information, see the section in this annual report entitled “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations—Liquidity and Capital Resources—Future and Critical Need for Capital.”

Review, Approval or Ratification of Transactions with Related Persons

While we have not adopted formal written policies or procedures for consideration of related party transactions, our Board routinely reviews potential transactions with those parties it has identified as related parties prior to the consummation of the transaction. Each transaction is reviewed to determine that a related party transaction is entered into by the Company with the related party on an “arms length” basis, or pursuant to normal competitive negotiation.

Director Independence

Mr. Jones is the sole member of our Board and is also an officer of the Company. As such, Mr. Jones is not considered “independent” within the meaning of applicable the Nasdaq Stock Market listing standards.

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ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES

Audit Fees. ~~The~~During ~~aggregate~~our ~~fees~~fiscal year ended December 31, 2025, we were billed by and paid Marcum LLP (“Marcum”), ~~independent~~an ~~public~~aggregate ~~accountants~~of $20,696 ~~for~~in ~~professional~~connection ~~services~~with ~~rendered for~~ the audit of our annual financial statements. ~~during~~Additionally, ~~2024~~we ~~and~~were ~~2023~~billed by and ~~the~~paid ~~reviews~~CBIZ ofCPAs ~~the~~P.C. ~~financial~~(“CBIZ”) ~~statements~~an ~~included~~aggregate inof ~~our Forms 10-Q and 10-K, as appropriate, were~~ $4621,~~350~~770 for ~~year~~the ~~ended~~reviews ~~December~~of ~~31,~~our ~~2024~~quarterly ~~and~~reports ~~$38,043~~on ~~for~~Form ~~year ended December 31, 2023~~10-Q.

~~Audit-Related~~During ~~Fees.~~our ~~During~~fiscal ~~the~~year ~~last~~ended ~~two~~December ~~fiscal~~31, ~~years~~2024, ~~Marcum~~we ~~did~~were ~~not~~billed ~~provide~~by ~~the~~and ~~Company~~paid ~~with~~Marcum ~~any~~an ~~services~~aggregate ~~that~~of ~~are~~$52,434 ~~reasonably~~in ~~related~~connection towith the ~~performance~~audit of ~~the~~our ~~audit~~annual financial statements and reviews of our ~~financial~~quarterly ~~statements~~reports on Form 10-Q.

~~Tax~~Audit-Related Fees. ~~The~~During ~~aggregate~~the ~~fees~~last ~~billed~~two ~~for~~fiscal ~~tax~~years, ~~services~~CBIZ ~~provided~~and by Marcum indid ~~connection~~not ~~with~~provide ~~tax~~the ~~compliance,~~Company ~~tax~~with ~~consulting~~any ~~and tax planning~~ services ~~for~~that ~~the~~are ~~year~~reasonably ~~ended~~related ~~2024~~to ~~was~~the ~~$1,000~~performance ~~and~~of ~~$721 for~~ the ~~year~~audit ~~ended~~of ~~2023~~our infinancial ~~connection with tax return preparation and filing~~statements.

~~All~~Tax ~~Other~~ Fees. ~~Except~~The asaggregate ~~described~~fees ~~above,~~billed ~~the~~for ~~Company~~tax ~~had~~services noprovided ~~other~~by ~~fees~~CBIZ ~~for~~in connection with tax compliance services ~~provided~~for the year ended 2025 was $2,297 and $1,000 by Marcum ~~during~~for the year ended 2024 in connection with tax return preparation and ~~2023~~filing.

All Other Fees. Except as described above, the Company had no other fees for services provided by CBIZ during 2025 and by Marcum during 2024.

Pre-Approval of Services by the External Auditor. As described above, our Board performs the functions of an audit committee. The Board will consider annually and, if appropriate, approve the provision of audit services by its external auditor and consider and, if appropriate, pre-approve the provision of certain defined audit and non-audit services. The Board will also consider on a case-by-case basis and, if appropriate, approve specific engagements that are not otherwise pre-approved. The Board pre-approved the audit engagements and tax services billed by the amounts described above.

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PART IV

ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES


	(a).	List of all documents filed as part of this report.

	(1)	Financial statements are listed in the index to the financial statements on page 10 of this Report.

	(2)	No financial statement schedules are included because they are not applicable or are not required or the information required to be set forth therein is included in the financial statements or notes thereto.

	(3)	Exhibit Index

	3.1	Form of Fourth Amended and Restated Certificate of Incorporation of the Company (incorporated by reference from our Form S-1/A filed September 15, 1998).

	3.2	Certificate of Amendment to Fourth Amended and Restated Certificate of Incorporation (incorporated by reference from our Form SB-2 filed April 16, 2004).

	3.3	Certificate of Amendment to Fourth Amended and Restated Certificate of Incorporation filed with the Secretary of State of Delaware on July 29, 2003 (incorporated by reference from our Form SB-2 filed April 16, 2004).

	3.6	Form of By-Laws of the Company (incorporated by reference from our Form SB-2 filed April 16, 2004).

	3.8	Certificate of Amendment to Fourth Amended and Restated Certificate of Incorporation filed with the Secretary of State of Delaware on December 1, 2004 (incorporated by reference from our Form 8-K filed on December 2, 2004).

	4.1	Description of Registrant’s Securities (incorporated by reference to Exhibit 4.1 of our Form 10-K filed on March 27, 2020).

	10.1	Form of Indemnification Agreement between the Company and each of its Directors and Executive Officers (incorporated by reference from our Form S-1 filed July 24, 1998 (Registration No. 333-59751).

	10.2	$1,~~113~~256,000 ~~Twentieth~~Twenty-Fourth Amended and Restated Bridge Promissory Note dated ~~November~~January ~~2024~~10, 2026 by and between Delfin Midstream ~~LLC~~Inc. and the Company).

	31.1	Certification of the Chief Executive Officer and Chief Financial Officer pursuant to Rule 13a-14(a) and Rule 15d-14(a).*

	32.1	Certification of the Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of The Sarbanes-Oxley Act of 2002.*

101.INS		XBRL Instance Document
101.SCH		XBRL Taxonomy Extension Schema Document
101.CAL		XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF		XBRL Taxonomy Extension Definitions Linkbase Document
101.LAB		XBRL Taxonomy Extension Label Linkbase Document
101.PRE		XBRL Taxonomy Extension Presentation Linkbase Document

		*Filed herewith
		**Furnished herewith

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SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	theglobe.com, inc.
Dated: March 20, 2025	By:	/s/ Frederick Jones
Dated: March 31, 2026	By:	/s/ Frederick Jones
		Frederick JonesChief Executive Officer,Chief FinancialOfficer, and sole Board member
		Frederick JonesChief Executive Officer,Chief FinancialOfficer, and sole Board member(Principal Executive Officer, Principal Financial Officer)

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