theglobe.com, inc.

What they do

theglobe.com, inc. was originally an online community but sold its last operating business (Tralliance) in 2008, becoming a shell company. Since then, it has had no revenue and no employees, with operations limited to customary public company administrative activities. Its only financial activity is the accrual of expenses and interest on a promissory note with its majority stockholder, Delfin Midstream Inc.

Revenue drivers

• No operating segments — The company has zero revenue in all reported periods (2021-2025 and quarterly 2025-2026) as it has no operating business.

Recent performance

For fiscal year 2025, the company reported no revenue and a net loss of $226,189, compared to a net loss of $204,867 in 2024. Operating cash flow was negative $127,118 in 2025, slightly worse than the negative $121,355 in 2024. As of June 30, 2026, cash and equivalents were $15,115, and shareholder equity was negative $1.8 million. The company's independent auditors have issued a going concern opinion.

Strategy

Management states it intends to continue operating as a public company and make required SEC filings. The primary strategy is to raise additional debt or equity capital, likely from Delfin, to fund overhead. The company prefers to avoid bankruptcy but acknowledges it may not be able to continue as a going concern without further funding. It has no stated operating or growth plans, as it remains a shell company.

Risks

• Going concern risk — Management believes cash on hand and internal cash flow are inadequate to fund operations beyond the next twelve months.
• Dependence on related-party funding — The company relies on loans from Delfin (approximately $1.68 million principal and accrued interest at Dec 31, 2025) and continued forbearance from related parties to avoid insolvency.
• Working capital deficit — Current liabilities exceed total assets, with a net working capital deficit of approximately $1,709,000 at December 31, 2025.
• No revenue or employees — With no employees and no operations, the company has no ability to generate internal revenue and is entirely dependent on external capital.

Outlook

Management expects operating expenses to continue to consist primarily of public company costs. They believe they need additional capital from Delfin or other sources to continue as a going concern in the long term. Without such funding or creditor forbearance, the company may not be able to operate beyond the next twelve months.