Company research
NetBrands Corp.
CIK 1725911Updated Sep 24, 2026
SecurityNBND · OTC · equity
Historical securities (1)
GDMK · NYSE_AMERICAN · equity · closed Jul 28, 2023Name history
Global Diversified Marketing Group Inc. · through Mar 23, 2023Dense Forest Acquisition Corp · through May 15, 2018
NBND price & chart
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SEC disclosures
Recent filings
Show 2 more recent filings
10-K filing
Changes in Registrant's Certifying Accountant
Items 4.01, 9.01
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 102,185Source | 1,600Source | 15,079Source | 980,434Source |
| Property, Plant and Equipment, NetUSD | — | — | — | 277Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 4,297Source | — | 1,013Source | 54,185Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | — | — | 5,353Source | 63,904Source |
| Inventory, NetUSD | — | — | 6,114Source | 237,523Source |
| Assets, CurrentUSD | 4,297Source | — | 13,479Source | 408,111Source |
| Operating Lease, Right-of-Use AssetUSD | 0Source | 0Source | — | 570,446Source |
| Other Assets, NoncurrentUSD | — | — | 1,600Source | — |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 2,515,424Source | 2,376,508Source | 1,882,874Source | 1,691,386Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | 13Source | — | — | — |
| Common Stock, Value, IssuedUSD | 13,128Source | 2,255Source | 1,661Source | 1,564Source |
| Additional Paid in CapitalUSD | 30,504,629Source | 28,857,907Source | 28,080,311Source | 27,915,909Source |
| Retained Earnings (Accumulated Deficit)USD | -32,932,903Source | -31,236,968Source | -29,951,662Source | -28,630,321Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 1,895Source | 1,895Source | 1,895Source | 1,895Source |
| Stockholders' Equity Attributable to ParentUSD | -2,413,239Source | -2,374,911Source | -1,867,795Source | -710,953Source |
| Liabilities and EquityUSD | 102,185Source | 1,600Source | 15,079Source | 980,434Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 2,021,714Source | 1,876,508Source | 1,382,874Source | 1,233,168Source |
| Operating Lease, Liability, CurrentUSD | 0Source | 0Source | — | 112,665Source |
| Operating Lease, Liability, NoncurrentUSD | 0Source | 0Source | — | 458,218Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Share-based Payment Arrangement, Noncash ExpenseUSD | 21,373Source | 425,139Source | 164,500Source | 227,361Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | — | -5,353Source | -58,551Source | -110,675Source |
| Increase (Decrease) in InventoriesUSD | — | -6,114Source | -231,409Source | -426,814Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -336,907Source | -182,120Source | -430,093Source | -436,645Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -87,560Source | — | — | -50,000Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 428,764Source | 181,107Source | 376,921Source | 228,257Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | — | -258,388Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | — | — | — | 227,361Source |
| DepreciationUSD | 9,250Source | — | 277Source | 556Source |
| Gain (Loss) on Extinguishment of DebtUSD | 96,854Source | — | — | — |
| Impairment of Intangible Assets, Finite-livedUSD | — | — | — | 50,000Source |
| Induced Conversion of Convertible Debt ExpenseUSD | 388,712Source | — | — | — |
| InterestExpenseNonoperatingUSD | 733,666Source | 487,217Source | — | — |
| Inventory Write-downUSD | — | 0Source | 0Source | — |
| Net Income (Loss) Attributable to ParentUSD | -1,695,935Source | -1,285,306Source | -1,321,341Source | -1,086,662Source |
| Nonoperating Income (Expense)USD | — | -487,217Source | -406,046Source | -19,867Source |
| Operating ExpensesUSD | 583,047Source | 798,089Source | 1,079,985Source | 1,474,405Source |
| Operating Lease, ExpenseUSD | — | — | 177,327Source | 135,331Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 18,265Source | — | 644,535Source | 1,643,138Source |
| Cost of Goods and Services Sold | — | — | — | — |
| Selling, General and Administrative ExpenseUSD | 76,715Source | 43,636Source | 247,782Source | 315,599Source |
| Operating Income (Loss)USD | -573,557Source | -798,089Source | -915,295Source | -1,066,794Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -1,695,935Source | -1,285,306Source | -1,321,341Source | -1,086,662Source |
| Net Income (Loss) Attributable to ParentUSD | -1,695,935Source | -1,285,306Source | -1,321,341Source | -1,086,662Source |
| Earnings Per Share, BasicUSD per share | -0.02Source | -0.06Source | -0.08Source | -0.07Source |
| Earnings Per Share, DilutedUSD per share | -0.02Source | -0.06Source | -0.08Source | — |
| Weighted Average Number of Shares Outstanding, Basicshares | 69,202,994Source | 22,553,849Source | 16,100,893Source | 15,104,914Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 69,202,994Source | 22,553,849Source | 16,100,893Source | — |
| Interest Expense (non-operating)USD | 733,666Source | 487,217Source | — | — |
| Additional Financial Items | ||||
| Gross ProfitUSD | 9,490Source | — | 164,690Source | 407,610Source |
| Interest ExpenseUSD | — | — | 406,046Source | — |
| Labor and Related ExpenseUSD | 453,902Source | 154,784Source | — | — |
| Marketing and Advertising ExpenseUSD | 36,017Source | 94,124Source | 94,124Source | 48,926Source |
| Nonoperating Income (Expense)USD | — | -487,217Source | -406,046Source | -19,867Source |
| Operating ExpensesUSD | 583,047Source | 798,089Source | 1,079,985Source | 1,474,405Source |
| Operating Lease, ExpenseUSD | — | — | 177,327Source | 135,331Source |