Cloudweb, Inc.

What they do

Cloudweb, Inc. was incorporated in 2014 as Formigli, Inc. and later became a web hosting company through the acquisition of Web Hosting Solutions Ltd. in 2016. That subsidiary was sold in April 2017 for nominal consideration, and the company has since had no operations. The company currently states it is exploring options to develop and market web hosting and data storage services under the names Hostwizer.com, W8hosting.com, and JeyCloud.com.

Revenue drivers

• Web hosting and data storage services — The company states it is exploring development and marketing of services under Hostwizer.com, W8hosting.com, and JeyCloud.com, but reported no revenue for the years ended December 31, 2025 and 2024.

Recent performance

For the year ended December 31, 2025, Cloudweb recognized no revenues and reported a net loss of $70,427, compared to a net loss of $72,960 for 2024. Operating expenses decreased to $34,159 from $35,350 due to lower professional fees. For the nine months ended September 30, 2025, the company reported a net loss of $55,542, compared to a net loss of $57,476 for the same period in 2024. As of December 31, 2025, the company had total assets of $0, total liabilities of $781,247, and a working capital deficiency of $713,921.

Strategy

Management states it is exploring different options to further develop and market its web hosting and data storage services, including making hosting available for free supported by advertiser content and white labeling its services. The company is also seeking new business opportunities with established entities for a merger or acquisition. It has no off-balance sheet arrangements and no investing activities in 2025 or 2024. Financing has come entirely from related-party advances, totaling $33,815 in 2025.

Risks

• Going concern — The company has an accumulated deficit of $233,531,334 as of December 31, 2025 and states that existing capital resources may not be adequate to execute its business plan, raising substantial doubt about its ability to continue as a going concern.
• No revenue or operations — Cloudweb recognized no revenues in 2025 or 2024 and has no subsidiaries, cash, or assets as of December 31, 2025.
• Dependence on related-party financing — The company funds its operating losses entirely through advancements from a related party, receiving $33,815 in 2025 and $33,250 in 2024.
• Working capital deficiency — As of December 31, 2025, current liabilities of $713,921 exceed current assets of $0, resulting in a working capital deficiency that increased from $643,494 at the end of 2024.

Outlook

Management states it is seeking new business opportunities with established entities for a merger or acquisition. The company believes its existing capital resources may not be adequate to execute its business plan and that it may need to modify, delay, or abandon some or all of its plans if it fails to generate positive cash flow or obtain additional financing. No specific timeline or commitments for future revenue or transactions are provided.