Data Storage Corp

For the period ended Sep 30, 2025. Filed Nov 19, 2025.

About 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, 2025 · Filed Nov 19, 2025

DTST$2.63+9.1%Stored close · as of Nov 6, 2026

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Contents

Item 1. Condensed Consolidated Balance Sheets as of September 30, 2025, and December 31, 2024 (unaudited)

	September 30, 2025	December 31, 2024
ASSETS
Current Assets:
Cash and cash equivalents	$284,714	$1,070,097
Accounts receivable, net of allowance for expected credit losses of $648 and $767, respectively	74,035	59,018
Escrow funds receivable	1,500,000	—
Marketable securities	45,471,979	11,261,006
Prepaid expenses and other current assets	127,778	118,538
Current assets of discontinued operations	—	2,907,404
Total current assets	47,458,506	15,416,063
Property and equipment, net	4,545	6,077
Other long-term assets	214,639	137,077
Non-current assets of discontinued operations	—	9,720,998
Total assets	47,677,690	25,280,215
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Accounts payable and accrued expenses	708,993	588,590
Warrant liability	1,224,838	—
Payable to purchaser of discontinued operations	176,687	—
Income taxes payable	5,976,589	—
Deferred tax liability - current	326,951	—
Current liabilities of discontinued operations	—	2,957,559
Total current liabilities	8,414,058	3,546,149
Deferred tax liability – long-term	—	39,031
Non-current liabilities of discontinued operations	—	523,070
Total long-term liabilities	—	562,101
Total liabilities	8,414,058	4,108,250
Commitments and contingencies (Note 7)
Stockholders’ equity:
Preferred stock, Series A par value $0.001; 10,000,000 shares authorized; 0 and 0 shares issued and outstanding in 2024 and 2023, respectively	—	—
Common stock, par value $0.001; 250,000,000 shares authorized; 7,465,306 and 7,045,108 shares issued and outstanding at September 30, 2025, and December 31, 2024, respectively	7,466	7,045
Additional paid in capital	42,427,313	40,417,813
Accumulated deficit	(2,912,547)	(18,982,589)
Accumulated other comprehensive loss	(14,235)	(23,214)
Total Data Storage Corp stockholders’ equity	39,507,997	21,419,055
Non-controlling interest in consolidated subsidiary	(244,365)	(247,090)
Total stockholders’ equity	39,263,632	21,171,965
Total liabilities and stockholders’ equity	$47,677,690	$25,280,215

CONDENSEDCONSOLIDATED STATEMENTS OF OPERATIONS

	Three Months Ended September 30,		Nine Months Ended September 30,
	2025	2024	2025	2024
Sales	$416,956	$325,299	$1,057,651	$899,135
Cost of sales	218,457	180,832	580,193	504,684
Gross Profit	198,499	144,467	477,458	394,451
Selling, general and administrative	1,296,974	984,099	3,242,833	2,867,140
Loss from operations	(1,098,475)	(839,632)	(2,765,375)	(2,472,689)
Interest income	193,347	160,770	417,520	456,580
Loss from continuing operations before income taxes	(905,128)	(678,862)	(2,347,855)	(2,016,109)
Provision (benefit) for income taxes	(1,034,683)	—	(1,034,683)	—
Loss from continuing operations, net of tax	129,555	(678,862)	(1,313,172)	(2,016,109)
Income (loss) from discontinued operations, net of tax	(822,503)	802,388	(85,351)	2,238,934
Gain on sale of discontinued operation, net of tax	17,471,290	—	17,471,290	—
Net income from discontinued operations	16,648,787	802,388	17,385,939	2,238,934
Net income	16,778,342	123,526	16,072,767	222,825
Income (loss) in non-controlling interest of consolidated subsidiary	(66)	(1,129)	(3,462)	12,434
Net income attributable to common stockholders	$16,778,276	$122,397	$16,069,305	$235,259
Loss per share from continuing operations – basic	$0.02	$(0.10)	$(0.18)	$(0.29)
Loss per share from continuing operations – diluted	$0.02	$(0.10)	$(0.18)	$(0.29)
Earnings per share from discontinued operations - basic	$2.28	$0.11	$2.42	$0.32
Earnings per share from discontinued operations - diluted	$2.19	$0.11	$2.32	$0.31
Earnings per share attributable to common stockholders – basic*	$2.30	$0.02	$2.24	$0.03
Earnings per share attributable to common stockholders – diluted*	$2.20	$0.02	$2.15	$0.03
Weighted average number of shares - basic	7,293,644	6,999,447	7,177,691	6,918,253
Weighted average number of shares - diluted	7,613,606	7,405,664	7,482,791	7,334,763

*Earnings per share may not add due to rounding

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY

FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2025, AND 2024

** (Unaudited)**

Preferred Stock · Common Stock · Additional Paid-in · Accumulated · Non-Controlling · Total Stockholders'
	Shares	Amount	Shares	Amount	Capital	Deficit	Interest	Equity
Balance July 1, 2024	—	$—	6,995,822	$6,995	$39,940,436	$(19,392,941)	$(250,511)	$20,303,979
Stock options exercised	—	—	8,551	9	17,630	—	—	17,639
Stock-based compensation			10,000	10	185,618	—	—	185,628
Net income	—	—	—	—	—	122,397	1,129	123,526
Balance September 30, 2024	—	$—	7,014,373	$7,014	$40,143,684	$(19,270,544)	$(249,382)	$20,630,772

Preferred Stock · Common Stock
	Shares	Amount	Shares	Amount	Additional Paid-in Capital	Accumulated Deficit	Accumulated other comprehensive loss	Non-Controlling Interest	Total Stockholders’ Equity
Balance July 1, 2025	—	$—	7,230,619	$7,231	$41,094,738	$(19,691,560)	$64,015	$(243,694)	$21,230,730
Stock options exercised	—	—	177,830	178	374,329	—	—	—	374,507
Stock-based compensation	—	—	56,857	57	958,246	—	—	—	958,303
Other comprehensive loss	—	—	—	—	—	—	(78,250)	—	(78,250)
Net income (loss)	—	—	—	—	—	16,070,042	—	(671)	16,072,767
Balance, September 30, 2025	—	$—	7,465,306	$7,466	$42,427,313	$(2,912,547)	$(14,235)	$(244,365)	$39,263,632

The accompanying notes are an integral part of these condensed consolidated Financial Statements.

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY

FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2025, AND 2024

** (Unaudited)**

Preferred Stock · Common Stock · Additional Paid-in · Accumulated · Non-Controlling · Total Stockholders'
	Shares	Amount	Shares	Amount	Capital	Deficit	Interest	Equity
Balance January 1, 2024	—	$—	6,880,460	$6,881	$39,490,285	$(19,505,803)	$(236,948)	$19,754,415
Stock options exercised	—	—	45,097	45	88,687	—	—	88,732
Stock-based compensation	—	—	88,816	88	564,712	—	—	564,800
Net income (loss)	—	—	—	—	—	235,259	(12,434)	222,825
Balance, September 30, 2024	—	$—	7,014,373	$7,014	$40,143,684	$(19,270,544)	$(249,382)	$20,630,772

Preferred Stock · Common Stock
	Shares	Amount	Shares	Amount	Additional Paid-in Capital	Accumulated Deficit	Accumulated other comprehensive loss	Non-Controlling Interest	Total Stockholders’ Equity
Balance January 1, 2025	—	$—	7,045,108	$7,045	$40,417,813	$(18,982,589)	$(23,214)	$(247,090)	$21,171,965
Stock options exercised	—	—	195,651	196	412,578	—	—	—	412,774
Stock-based compensation	—	—	224,547	225	1,596,922	—	—	—	1,597,147
Other comprehensive loss	—	—	—	—	—	—	8,979	—	(78,250)
Net income (loss)	—	—	—	—	—	16,779,013	—	2,725	16,778,342
Balance, September 30, 2025	—	$—	7,465,306	$7,466	$42,427,313	$(2,912,547)	$(14,235)	$(244,365)	$39,263,632

CONDENSED

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