Webstar Technology Group, Inc.

What they do

Webstar was incorporated in Wyoming on March 10, 2015 to operate licensed software solutions, signing two related-party licenses for Gigabyte Slayer and WARP-G. In June 2024 new management shifted the company's focus to commercial real estate development and acquisitions, including the Bear Village family resort assets acquired from Thunder Energies Corporation. Its Forge Atlanta subsidiary, formed August 19, 2024, is intended to acquire land, secure financing and develop the Forge Atlanta project. The company reported no revenues in either 2024 or 2025.

Revenue drivers

• Software licensing (legacy) — Historically the company's only activity was licensed software solutions; the two related-party licenses were transferred to Webnet Technologies in June 2024, and reported revenue fell to zero.
• Commercial real estate development (planned) — Management states it expanded into commercial real estate development and acquisitions in June 2024, but no development revenue has been recognized and operating expenses are described as infrastructure for anticipated business development.
• Bear Village resort assets (acquired) — The company issued 201,057,278 common shares to acquire assets and intellectual property associated with Bear Village, Inc. family resort developments; no revenue from these assets is reported.

Recent performance

For the year ended December 31, 2025, Webstar reported net revenues of zero and a net loss before income taxes of $1,331,390, versus a net loss of $4,499,968 for 2024. Operating expenses rose 24.6%, or $97,773, to $495,831 in 2025 from $398,058, driven by higher consulting, professional fees and investor relations costs, partly offset by a $238,066 drop in compensation. Other expense fell to $835,559 in 2025 from $4,101,910 in 2024, which had included a $4,021,910 loss on extinguishment of related-party debt. At December 31, 2025 assets were $37,985,344 and liabilities $40,292,845. The latest balance sheet shows total assets of $38.1M, total liabilities of $41.8M, shareholder equity of negative $3.5M and cash of $1,271 at March 31, 2026.

Strategy

Under the management installed in June 2024, Webstar's stated direction is to expand into commercial real estate development and acquisitions, moving away from its original software licensing business. The Bear Village resort assets and intellectual property were acquired for 201,057,278 common shares, and the Forge Atlanta subsidiary was formed to acquire land, secure financing and develop that project. The company also transferred its Gigabyte Slayer and WARP-G licenses to Webnet Technologies in exchange for assumption of $3,317,472 of accrued salaries and related expenses and a $22,869 cash payment. No revenue has yet been generated from any of these efforts.

Risks

• Going concern and accumulated deficit — The company had an accumulated deficit of $48,867,619 at December 31, 2025 and a working capital deficit, and its financial statements are prepared assuming it will continue as a going concern.
• No operating revenue — Webstar reported no revenues in 2024 or 2025 and has not begun operations or started to build its facilities, so there is no operating history for its real estate plan.
• Minimal liquidity — The latest balance sheet shows cash and equivalents of just $1,271 against total liabilities of $41.8M, and management states the company will depend on selling securities or other financing to fund operations.
• Related-party control and transactions — The Series A Preferred Stock remains in escrow with seller voting rights held by former CEO James Owens, and the June 2024 license and contract transactions were with entities owned and controlled by him.

Outlook

Management states the company will need to finance planned operations from the sale of securities or other financing alternatives, and warns there is no assurance it can raise enough capital to fully construct its planned entertainment centers. The company also has an extensive history of accounting changes, including accountant changes reported in August 2024, March 2025, April 2026, June 2026 and August 2026. Its stated real estate projects, including Bear Village and Forge Atlanta, have not produced revenue to date.