NetBrands Corp.
For the period ended Jun 30, 2025. Filed Jul 31, 2025.
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.
Jun 30, 2025 · Filed Jul 31, 2025
What changed in Management’s Discussion and Analysis?
Read the current filingPrevious report: 10-Q
Period ended 2025-03-31; filed 2025-05-13.
0001641172-25-009835
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsCurrent report: 10-Q
Period ended 2025-06-30; filed 2025-07-31.
0001641172-25-021670
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 37 previous paragraphs and 48 current paragraphs.
32 unchanged; 5 reworded; 5 added; 0 removed; 0 previous and 6 current paragraphs rearranged.
Tables are not compared: 0 previous and 0 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Added paragraphs (5)
Current report
Revenues and Cost of Sales
Current report
Operating expenses
Current report
Other income and (expense)
Current report
Net loss
Current report
Trillium funding commitment
Reworded paragraphs (5)
Previous wording
Other income (expense) is comprised solely of interest expense and a loss on the extinguishment of debt related to our fundings. Other expense was $96,854 for the three months ended March 31, 2025, compared to $228,516 in other expense during the three months ended March 31, 2024.
Current wording
Other income (expense) is comprised solely of interest expense and a loss on the extinguishment of debt related to our fundings. Other expense was $23,616 for the three months ended June 30, 2025, compared to $4,584 in other expense during the three months ended June 30, 2024.
Previous wording
As a result of the foregoing, we recorded a net loss of $103,045 or $(0.00) per share for the three months ended March 31, 2025, compared to a loss of $439,559 or $(0.03) per share for the three months ended March 31, 2024.
Current wording
As a result of the foregoing, we recorded a net loss of $23,616 or $(0.00) per share for the three months ended June 30, 2025, compared to a loss of $553,345 or $(0.03) per share for the three months ended June 20, 2024.
Previous wording
Operating expenses for the three months ended March 31, 2025 were $6,191 compared to $211,042 during the same three months ended March 31, 2024. The material decrease in expenses is attributable to limited expenses is due to the lack of revenue in the 2025 period.
Current wording
Operating expenses for the six months ended June 30, 2025 were $6,191 compared to $739,871 during the same six months ended June 30, 2024. The material decrease in expenses is attributable to limited expenses is due to the lack of revenue in the 2025 period.
Previous wording
Net cash used in operating activities decreased to $-0- in the three months ended March 31, 2025, compared to $143,469 in the three months ended March 31, 2024. The decrease in cash used in operating is primarily due to changes in balance sheet accounts and reduced activities at the Company.
Current wording
Net cash used in operating activities decreased to $-0- in the six months ended June 30, 2025, compared to $187,172 in the six months ended June 30, 2024. The decrease in cash used in operating is primarily due to changes in balance sheet accounts and reduced activities at the Company.
Previous wording
Net cash provided by financing activities was $-0- during the three months ended March 31, 2025, compared to $184,446 of net cash provided by financing activities in the three months ended March 31, 2024. The decrease in net cash provided in the three-month period ended March 31, 2025, as compared to the same period in 2024, is primarily due to lower proceeds from notes and loans payable.
Current wording
Net cash provided by financing activities was $-0- during the six months ended June 30, 2025, compared to $186,980 of net cash provided by financing activities in the six months ended June, 2024. The decrease in net cash provided in the six-month period ended June 30, 2025, as compared to the same period in 2024, is primarily due to lower proceeds from notes and loans payable.
Rearranged current paragraphs (6)
Current report — wording carried from elsewhere
Operating expenses for the three months ended June 30, 2025 were $-0- compared to $548,761 during the same three months ended June 30, 2024. The material decrease in expenses is attributable to the lack of revenue in the 2025 period.
Current report — wording carried from elsewhere
Comparison of Results of Operations for the Six Months Ended June 30, 2025 and 2024
Current report — wording carried from elsewhere
Sales for the six months ended June 30, 2025, were $-0- compared to sales of $-0- for the six months ended June 30, 2024 . We have not generated any sales since the year ended December 31, 2023.
Current report — wording carried from elsewhere
During 2024 we incurred a significant loss of revenue due to the supply, shipping and logistic issues, transitioning from a public warehouse to our own warehousing facility, and the significant loss of revenue on a product with eight SKUs that was produced in Russia that is no longer available to us. Without having an adequate amount of inventory on hand to fulfill existing and future orders, and our lack of sufficient liquidity, our ability to conduct future business with our customers is materially impaired. We are currently seeking new lines of business, new sources of liquidity and an acquisition target. If we are unsuccessful in our efforts to raise capital it will have a material adverse impact on our Company on our ability to remain a going concern.
Current report — wording carried from elsewhere
Other income (expense) is comprised solely of interest expense and a loss on the extinguishment of debt related to our fundings. Other expense was $120,471 for the six months ended June 30, 2025, compared to $233,100 in other expense during the six months ended June 30, 2024.
Current report — wording carried from elsewhere
As a result of the foregoing, we recorded a net loss of $126,662 or $(0.00) per share for the six months ended June 30, 2025, compared to a loss of $972,972 or $(0.03) per share for the six months ended June 20, 2024.