OLB GROUP, INC.
For the period ended Dec 31, 2024. Filed Apr 15, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Apr 15, 2025
OLB$0.17-1.6%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 Balance Sheets at December 31, 2024 and 2023
| December 31, 2024 | December 31, 2023 | |
|---|---|---|
| ASSETS | ||
| Current Assets: | ||
| Cash | $27,436 | $179,006 |
| Accounts receivable, net | 100,621 | 466,890 |
| Prepaid expenses | 18,075 | 184,913 |
| Other receivables | 599,575 | 403,999 |
| Investment in equity securities | — | 273,662 |
| Other current assets | — | 312,103 |
| Total Current Assets | 745,707 | 1,820,573 |
| Other Assets: | ||
| Property and equipment, net | 3,254,039 | 5,871,751 |
| Intangible assets, net | 3,724 | 3,500,246 |
| Goodwill | 8,139,889 | 8,139,889 |
| Operating lease right-of-use assets | 140,218 | — |
| Other long-term assets | 395,952 | 395,952 |
| Total Other Assets | 11,933,822 | 17,907,838 |
| TOTAL ASSETS | $12,679,529 | $19,728,411 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current Liabilities: | ||
| Cash overdraft | $31,750 | $— |
| Accounts payable | 4,216,194 | 3,526,689 |
| Accrued expenses | 1,151,803 | 1,017,708 |
| Preferred dividend payable (related party) | 543,509 | 418,606 |
| Merchant portfolio purchase installment obligation | 2,000,000 | 2,000,000 |
| Related party payable | 1,203,960 | 12,678 |
| Operating lease liability – current portion | 46,491 | — |
| Note payable – current portion | 202,939 | 258,819 |
| Total Current Liabilities | 9,396,646 | 7,234,500 |
| Long Term Liabilities: | ||
| Notes payable, net of current portion | — | 149,039 |
| Operating lease liability – net of current portion | 93,869 | — |
| Total Liabilities | 9,490,515 | 7,383,539 |
| Commitments and contingencies (Note 10) | ||
| Stockholders’ Equity: | ||
| Preferred stock, $0.01 par value, 1,000,000 shares authorized, no shares issued and outstanding | — | — |
| Series A Preferred stock, $0.01 par value, 10,000 shares authorized, 1,021 shares issued and outstanding at December 31, 2024 and 2023 | 10 | 10 |
| Common stock, $0.0001 par value, 50,000,000 shares authorized, 2,289,930 and 1,534,408 shares issued, 2,277,313 and 1,521,791 shares outstanding at December 31, 2024 and 2023, respectively | 228 | 152 |
| Treasury stock, at cost, 12,617 shares at December 31, 2024 and 2023 | (109,988) | (109,988) |
| Additional paid-in capital | 71,098,571 | 68,910,370 |
| Accumulated deficit | (67,799,807) | (56,574,896) |
| Total stockholders’ equity of The OLB Group and Subsidiaries | 3,189,014 | 12,225,648 |
| Noncontrolling interest | — | 119,224 |
| Total Stockholders’ Equity | 3,189,014 | 12,344,872 |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $12,679,529 | $19,728,411 |
The accompanying notes are an integral part of these consolidated financial statements.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.