Skip to main content

OFF THE HOOK YS INC.

For the period ended Dec 31, 2025. Filed Mar 31, 2026.

View on SEC.gov

About this filing

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.

FY2025 · Filed Mar 31, 2026

NXB$1.40+2.9%Stored close · as of Nov 6, 2026
See the whole filing, with its images and exhibits
Contents

Cover page

Show cover page

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K

(Mark One)

For the fiscal year ended December 31,2025

OR

☐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 001-42930

Off the Hook YS Inc.

(Exact name of registrant as specified in its charter)

Nevada33-2636992
(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)
1701 Jel Wade Dr
Wilmington, North Carolina28401
(Address of principal executive offices)(Zip Code)

(910) 772-9277

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Exchange Act of 1934:

Title of Each ClassTrading Symbol(s)Name of Each Exchange on Which Registered
Common Stock, par value $0.001 per shareOTHNYSE

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 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 check mark 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☒

The aggregate market value of the Common Stock held by non-affiliates of the registrant, based on the closing price of the shares of common shares on The New York Stock Exchange on June 30, 2025, which was the last business day of the registrant’s most recently completed second fiscal quarter isnot applicable since the registrant’s initial public offering was completed on November 14, 2025.

The registrant had 24,320,000 shares of Common Stock, par value $0.001 per share outstanding as of March 31, 2026.

OFF THE HOOK YS INC

ANNUAL REPORT ON FORM 10-K

Fiscal Year Ended December 31, 2025

TABLE OF CONTENTS

PART I
Item 1.Business.4
Item 1A.Risk Factors15
Item 1B.Unresolved Staff Comments.24
Item 1C.Cybersecurity24
Item 2.Properties.25
Item 3.Legal Proceedings.25
Item 4.Mine Safety Disclosures.25
PART II
Item 5.Market for Registrant’s Common Equity , Related Stockholder Matters and Issuer Purchases of Equity Securities.26
Item 6.[Reserved]26
Item 7.Management’s Discussion and Analy sis of Financial Condition and Results of Operations.26
Item 7A.Quantitative and Qualitative Disclosures About Market Risk.35
Item 8.Financial Statements and Supplementary Data.35
Item 9.Changes in and Disagreements With Accountants on Accounting and Financial Disclosure.36
Item 9A.Controls and Procedures.36
Item 9B.Other Information.36
Item 9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections.36
PART III
Item 10.Directors, Executive Officers and Corporate Governance.37
Item 11.Executive Compensation.39
Item 12.Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.42
Item 13.Certain Relationships and Related Transactions, and Director Independence.43
Item 14.Principal Accounting Fees and Services.44
PART IV
Item 15.Exhibits, Financial Statement Schedules.45

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

The information in this Annual Report on Form 10-K includes “forward-looking statements.” All statements, other than statements of historical fact included in this Annual Report on Form 10-K, including statements regarding our future results of operations and financial position, business strategy, prospective products, product approvals, research and development costs, future revenue, timing and likelihood of success, plans and objectives of management for future operations, future results of anticipated products and prospects, plans and objectives of management are forward-looking statements. When used in this Annual Report on Form 10-K, the words “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” or “would” or the negative of these terms or other similar expressions are intended to identify forward-looking statements, although not all forward- looking statements contain such identifying words. These forward-looking statements are based on our current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Among the factors that could cause actual results to differ materially are the factors discussed under Item 1A, “Risk Factors.”

Forward-looking statements include, but are not limited to, statements about:

●our ability to find, acquire or gain access to other discoveries and prospects and to successfully develop our current discoveries and prospects;
●the expected growth of our business and our operations, and the capital resources needed to progress our business plan
●projected and targeted capital expenditures and other costs, commitments and revenue;
●the ability to obtain financing and the terms under which such financing may be available;
●our ability to retain key personnel, including the continued development of a sales and market infrastructure
●general economic conditions, including changes in employment levels, rates of inflation, consumer demand, preferences and discretionary income, and fuel prices;
●changes in industry seasonality and fluctuations in geographic demand where we operate;
●our future revenue, income and the ability to improve margins and reduce expenses;
●other competitive pressures;
●cost of compliance with laws and regulations;
●environmental liabilities;

All forward-looking statements, expressed or implied, included in this Annual Report on Form 10-K are expressly qualified in their entirety by this cautionary statement. This cautionary statement should also be considered in connection with any subsequent written or oral forward-looking statements that we or persons acting on our behalf may issue.

Any forward-looking statement that we make in this Annual Report on Form 10-K speaks only as of the date of such statement. Except as otherwise required by applicable law, we disclaim any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this Annual Report on Form 10-K.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.