USBC, Inc.
For the period ended Sep 30, 2026. Filed Nov 6, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 6, 2026
USBC$0.37-3.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Changes in Stockholders’ (Deficit) Equity
| Series C ConvertiblePreferred Stock · Series D ConvertiblePreferred Stock · Series H ConvertiblePreferred Stock · Common Stock · AdditionalPaid inCapital · AccumulatedDeficit · TotalStockholders'(Deficit)/Equity | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shares · $ · Shares · $ · Share · $ · Shares(1) · $ | |||||||||||
| Balance as of December 31, 2024 | 17,858 | $1,790 | 10,161 | $1,015 | — | $— | 2,779,149 | $2,777 | $139,513,460 | $(143,433,942) | $(3,914,900) |
| Stock compensation expense | — | — | — | — | — | — | — | — | 593,681 | — | 593,681 |
| Deemed dividends on Series C and D Preferred Stock | — | — | — | — | — | — | — | — | 23,662 | (23,662) | — |
| Issuance of common stock for At The Market common stock offering | — | — | — | — | — | — | 379,451 | 379 | 510,326 | — | 510,705 |
| Issuance of common stock for debt payment | — | — | — | — | — | — | 383,118 | 383 | 505,618 | — | 506,001 |
| Impact of reverse stock split due to rounding | — | — | — | — | — | — | (11) | — | — | — | — |
| Net loss | — | — | — | — | — | — | — | — | — | (3,579,036) | (3,579,036) |
| Balance as of March 31, 2025 | 17,858 | $1,790 | 10,161 | $1,015 | — | $— | 3,541,707 | $3,539 | $141,146,747 | $(147,036,640) | $(5,883,549) |
| Issuance of common stock for services | — | — | — | — | — | — | 400,000 | 400 | 175,600 | — | 176,000 |
| Deemed dividends on Series C and D Preferred Stock | — | — | — | — | — | — | — | — | 24,998 | (24,998) | — |
| Issuance of common stock for At The Market common stock offering | — | — | — | — | — | — | 1,329,276 | 1,329 | 772,589 | — | 773,918 |
| Issuance of common stock for debt payment | — | — | — | — | — | — | 2,226,965 | 2,227 | 850,369 | — | 852,596 |
| Issuance of Series H Convertible Preferred Stock | — | — | — | — | 16,916 | 1,184,066 | — | — | 702,335 | — | 1,886,401 |
| Deemed dividend due to repricing of Series C, D and H Preferred Stock | — | — | — | — | — | — | — | — | 1,064,199 | (2,133,163) | (1,068,964) |
| Net loss | — | — | — | — | — | — | — | — | — | (1,528,601) | (1,528,601) |
| Balance as of June 30, 2025 | 17,858 | $1,790 | 10,161 | $1,015 | 16,916 | $1,184,066 | 7,497,948 | $7,495 | $144,736,837 | $(150,723,402) | $(4,792,199) |
| Stock compensation expense | — | — | — | — | — | — | — | — | 6,262,704 | — | 6,262,704 |
| Issuance of common stock for services | — | — | — | — | — | — | 1,008,731 | 1,009 | 919,133 | — | 920,142 |
| Deemed dividends on Series C, D and H Preferred Stock | — | — | — | — | — | — | — | — | 16,207 | (16,207) | — |
| Issuance of common stock for Goldeneye 1995 LLC investment, net of tax | — | — | — | — | — | — | 357,815,000 | 357,815 | 105,980,309 | — | 106,338,124 |
| Issuance of common stock for transaction fee | — | — | — | — | — | — | 7,819,098 | 7,819 | — | — | 7,819 |
| Conversion of Series C and D Convertible Preferred Stock | (17,858) | (1,790) | (10,161) | (1,015) | — | — | 8,333,440 | 8,333 | — | — | 5,528 |
| Conversion of Series H Convertible Preferred Stock | — | — | — | — | (16,916) | (1,184,066) | 2,000,000 | 2,000 | 668,000 | — | (514,066) |
| Issuance of common stock for debt payment | — | — | — | — | — | — | 3,669,453 | 3,670 | 1,237,653 | — | 1,241,323 |
| Impact of reverse stock split due to rounding | — | — | — | — | — | — | 9 | 3 | (2) | — | 1 |
| Net loss | — | — | — | — | — | — | — | — | — | (12,350,204) | (12,350,204) |
| Balance as of September 30, 2025 | — | $— | — | $— | — | $— | 388,143,679 | $388,144 | $259,820,840 | $(163,089,813) | $97,119,171 |
| Balance as of December 31, 2025 | — | — | — | — | — | — | 388,143,679 | 388,144 | 271,689,292 | (190,545,661) | 81,531,775 |
| Stock compensation expense | — | — | — | — | — | — | — | — | 3,925,225 | — | 3,925,225 |
| Issuance of common stock for stock option exercises | — | — | — | — | — | — | 750 | — | 330 | — | 330 |
| Net loss | — | — | — | — | — | — | — | — | — | (25,554,769) | (25,554,769) |
| Balance as of March 31, 2026 | — | $— | — | $— | — | $— | 388,144,429 | $388,144 | $275,614,847 | $(216,100,430) | $59,902,561 |
| Stock compensation expense | — | — | — | — | — | — | — | — | 7,286,874 | — | 7,286,874 |
| Net loss | — | — | — | — | — | — | — | — | — | (20,788,574) | (20,788,574) |
| Balance as of June 30, 2026 | — | $— | — | $— | — | $— | 388,144,429 | $388,144 | $282,901,721 | $(236,889,004) | $46,400,861 |
| Stock compensation expense | — | — | — | — | — | — | — | — | 6,585,718 | — | 6,585,718 |
| Capital contribution | — | — | — | — | — | — | — | — | 2,984,840 | — | 2,984,840 |
| Issuance of common stock for stock option exercises | — | — | — | — | — | — | 25,220 | 25 | 9,305 | — | 9,330 |
| Net income | — | — | — | — | — | — | — | — | — | 4,944,823 | 4,944,823 |
| Balance as of September 30, 2026 | — | $— | — | $— | — | $— | 388,169,649 | $388,169 | $292,481,584 | $(231,944,181) | $60,925,572 |
(1)Information pertaining to the number of shares outstanding and per share data gives retroactive effect to a 1 for 40 reverse stock split that became effective on February 19, 2025.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.