Bravo Multinational flags going concern risk
Bravo Multinational Inc. (BRVO) reports for the quarter ended June 30, 2026 that it remains a pre-revenue company focused on entertainment, hospitality and technology ventures.
Bravo Multinational Inc. (BRVO) reports for the quarter ended June 30, 2026 that it remains a pre-revenue company focused on entertainment, hospitality and technology ventures. Revenues were $0 for both the three- and six-month periods in 2025 and 2026.
The company had cash of $2,319 and total liabilities of $1,175,075, resulting in a stockholders’ deficit of $1,172,756 and an accumulated deficit of $96,644,718. Six‑month net loss increased to $210,071 from $140,055 a year earlier, mainly from higher general and administrative costs and board fees.
Auditors and management highlight substantial doubt about BRVO’s ability to continue as a going concern, citing recurring losses, negative working capital and dependence on related-party funding. Internal control over financial reporting is deemed ineffective due to a material weakness in segregation of duties. The company issued 2,778,571 shares in May 2026 for $92,900 of board services and later agreed to compensate a departing COO with $25,000 cash and 150,000 restricted shares.
Positive
- None.
Negative
- Going concern risk: Management discloses conditions that "raise substantial doubt" about the company’s ability to continue as a going concern, including recurring losses, net current liabilities and a large $96.6 million accumulated deficit.
- Worsening losses without revenue: Six‑month net loss rose to $210,071 from $140,055 year over year while revenues remained $0, indicating higher cash burn without offsetting operating income.
- Material weakness in controls: Management reports ineffective internal control over financial reporting as of June 30, 2026, citing inadequate segregation of duties and concentration of key accounting tasks in the same personnel.
- Severe leverage versus cash: At June 30, 2026, BRVO held only $2,319 in cash against $1,175,075 of liabilities, including $392,053 due to related parties and $634,900 of unpaid board compensation.
Filing Explained
Completed stock compensation increased dilution; a separate $25,000 settlement may instead require additional shares if unpaid.
The company reports that
That issuance increased the total share count and reduced existing holders’ percentage ownership absent offsetting changes; it was not merely a registration or future capacity.
The filing describes the transaction as a private placement under Section 4(2), outside a public offering, and says the shares were restricted.
Separately, after Kayla Slick’s
The balance sheet reports
Key Figures
Key Terms
going concern financial
stockholders' deficit financial
material weakness financial
related party transactions financial
blank check preferred financial
ASC 606 financial
FAQ
How much revenue did Bravo Multinational Inc. (BRVO) generate in the quarter ended June 30, 2026?
What was BRVO’s net loss for the six months ended June 30, 2026, and how did it compare to 2025?
What is Bravo Multinational Inc. (BRVO)’s cash and debt position as of June 30, 2026?
Did Bravo Multinational Inc. (BRVO) issue any new shares during the first half of 2026?
Is there a going concern warning in Bravo Multinational Inc. (BRVO)’s June 30, 2026 report?
What internal control issues did Bravo Multinational Inc. (BRVO) report for June 30, 2026?
What related-party obligations does Bravo Multinational Inc. (BRVO) have as of June 30, 2026?
AI-generated analysis. How Rhea-AI works. Not financial advice.
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
For the quarterly period ended
Commission file number:
| (Exact name of registrant as specified in its charter) | |
| (State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) |
(principal executive offices) |
(Zip Code) |
| Registrant's telephone number, including area code: ( | |
| Securities registered under Section 12(g) of the Exchange Act: | Common stock, par value $0.0001 per share |
| (Title of class) |
Indicate by check mark whether the registrant (1) filed all reports required
to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was required
to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
Indicate by check mark whether the registrant has submitted electronically
and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of
Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required
to submit and post such files).
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Exchange Act.
|
Large accelerated filer ☐ Emerging growth company |
Accelerated filer ☐ Smaller reporting company |
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Indicate by check mark whether the registrant is a shell company (as defined
in Rule 12b-2 of the Exchange Act). Yes ☐
Securities registered under Section 12(b) of the Exchange Act: None
Securities registered pursuant to Section 12(g) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||
|
Par Value $0.0001 |
State the number of shares outstanding of each of the issuer's classes
of common equity, as of the latest practicable date: At August 18, 2025, the registrant had outstanding
| -i- |
TABLE OF CONTENTS
| Page | ||
| PART I | ||
| Item 1. | Condensed Consolidated Unaudited Financial Statements | 2 |
| Item 2. | Management's Discussion and Analysis of Financial Condition and Results of Operations | 10 |
| Item 3. | Quantitative and Qualitative Disclosures About Market Risk | 14 |
| Item 4. | Controls and Procedures | 14 |
| PART II | ||
| Item 1. | Legal Proceedings | 15 |
| Item 1A. | Risk Factors | 15 |
| Item 2. | Unregistered Sales of Equity Securities and Use of Proceeds | 16 |
| Item 3. | Defaults Upon Senior Securities | 16 |
| Item 4. | Mining Safety Disclosures | 16 |
| Item 5. | Other Information | 16 |
| Item 6. | Exhibits | 16 |
| Signatures | 16 |
| -1- |
PART I – FINANCIAL INFORMATION
ITEM 1. FINANCIAL STATEMENTS
BRAVO MULTINATIONAL INCORPORATED
| FINANCIAL REPORTS |
| AT |
| June 30, 2026 |
INDEX TO FINANCIAL STATEMENTS
| Condensed Consolidated Balance Sheets at June 30, 2026- Unaudited and December 31, 2025-Audited | 3 |
| Condensed Consolidated Statements of Operations for the Three and Six Months Ended June 30, 2026 and 2025 - Unaudited | 4 |
| Condensed Consolidated Statements of Cash Flows for the Three and Six Months Ended June 30, 2026 and 2025 - Unaudited | 5 |
| Condensed Consolidated Statements of Stockholders' Equity for the Three and Six Months Ended June 30, 2026 and 2025– Unaudited | 6 |
| Notes to the Condensed Consolidated Unaudited Financial Statements | 7-9 |
| -2- |
| Bravo Multinational Incorporated |
| CONDENSED CONSOLIDATED BALANCE SHEETS - UNAUDITED |
| June 30, | December 31, | |||||||
| 2026 | 2025 | |||||||
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash and Cash Equivalents | $ | $ | ||||||
| Total Current Assets | ||||||||
| Total Assets | $ | $ | ||||||
| LIABILITIES AND STOCKHOLDERS' DEFICIT | ||||||||
| Liabilities | ||||||||
| Accounts Payable and Accrued Expenses | $ | $ | ||||||
| Due to Related Parties | ||||||||
| Accrued Board of Directors Fees | ||||||||
| Total Liabilities | ||||||||
| Commitments and Contingencies (Note 8) | ||||||||
| Stockholders' Deficit | ||||||||
| Preferred A Stock - $ | - | - | ||||||
| Common Stock - $ | ||||||||
| Additional Paid-In-Capital | ||||||||
| Accumulated Deficit | ( | ) | ( | ) | ||||
| Total Stockholders' Deficit | ( | ) | ( | ) | ||||
| Total Liabilities and Stockholders' Deficit | $ | $ | ||||||
The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.
| -3- |
| Bravo Multinational Incorporated |
| CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - UNAUDITED |
| Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||||||
| 2026 | 2025 | 2026 | 2025 | |||||||||||||
| Expenses | ||||||||||||||||
| General and Administrative | $ | $ | $ | $ | ||||||||||||
| Professional Fees | ||||||||||||||||
| Board of Director Fees | ||||||||||||||||
| Total Expenses | ||||||||||||||||
| Loss Before Other Income | ||||||||||||||||
| Legal Settlement | - | - | - | |||||||||||||
| Loss Before Income Taxes | ||||||||||||||||
| Income Taxes | - | - | - | - | ||||||||||||
| Net Loss for the Period | $ | $ | $ | $ | ||||||||||||
| Weighted Average Number of Common Shares -Basic and Diluted | ||||||||||||||||
| Net Loss for the Period Per Common Shares - Basic and Diluted | $ | ( | ) | $ | ( | ) | $ | ( | ) | $ | ( | ) | ||||
The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.
| -4- |
| Bravo Multinational Incorporated |
| CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED |
| Six Months Ended June 30, | 2026 | 2025 | ||||||
| Cash Flows from Operating Activities | ||||||||
| Net Loss for the Period | $ | ( | ) | $ | ( | ) | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | ||||||||
| Board of Director Fees Paid with Common Stock | - | |||||||
| Changes in Assets and Liabilities: | ||||||||
| Accounts Payable and Accrued Expenses | ||||||||
| Accrued Board of Directors Fees | ||||||||
| Net Cash Flows Used In Operating Activities | ( | ) | ( | ) | ||||
| Cash Flows from Investing Activities | - | - | ||||||
| Cash Flows from Financing Activities | ||||||||
| Due to Related Parties, Net | ||||||||
| Net Cash Flows Provided by Financing Activities | ||||||||
| Net Change in Cash and Cash Equivalents | ||||||||
| Cash and Cash Equivalents - Beginning of Period | ||||||||
| Cash and Cash Equivalents - End of Period | $ | $ | ||||||
| Cash Paid During the Period for: | ||||||||
| Interest | $ | - | $ | - | ||||
| Income Taxes | $ | - | $ | - | ||||
The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.
| -5- |
| Bravo Multinational Incorporated |
| CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN DEFICIT - UNAUDITED |
| Common Stock | Additional | Total | ||||||||||||||||||
| $ 0.0001 Par | Paid-In | Accumulated | Stockholders' | |||||||||||||||||
| For the Three and Six Months Ended June 30, 2025 | Shares | Amount | Capital | Deficit | Deficit | |||||||||||||||
| Balance - January 1, 2025 | $ | $ | $ | ( | ) | $ | ( | ) | ||||||||||||
| Net Loss for the Period | - | - | - | ( | ) | ( | ) | |||||||||||||
| Balance - March 31, 2025 | ( | ) | ( | ) | ||||||||||||||||
| Net Loss for the Period | - | - | - | ( | ) | ( | ) | |||||||||||||
| Balance - June 30, 2025 | $ | $ | $ | ( | ) | $ | ( | ) | ||||||||||||
| For the Three and Six Months Ended June 30, 2026 | ||||||||||||||||||||
| Balance - January 1, 2026 | $ | $ | $ | ( | ) | $ | ( | ) | ||||||||||||
| Net Loss for the Period | - | - | - | ( | ) | ( | ) | |||||||||||||
| Balance - March 31, 2026 | ( | ) | ( | ) | ||||||||||||||||
| Common Stock Issued for Board of Director Fees | - | |||||||||||||||||||
| Net Loss for the Period | - | - | - | ( | ) | ( | ) | |||||||||||||
| Balance - June 30, 2026 | $ | $ | $ | ( | ) | $ | ( | ) | ||||||||||||
The accompanying notes are an integral part of these consolidated financial statements.
| -6- |
NOTE 1 – Organization & Description of Business
Bravo Multinational Corporation (the “Company,” “we” or “us”) was originally formed as Montrose Ventures, Inc. in the State of Delaware on May 25, 1989. On April 23, 1996, the Company’s name was changed to Java Group, Inc., and on September 1, 2004 the name was changed to Consolidated General Corp. On August 7, 2007, the Company’s name was changed to GoldCorp Holdings Co. On October 15, 2010, our name was changed to GoldLand Holdings Co. On April 6, 2016, we changed our corporate name to Bravo Multinational Incorporated. On March 22, 2016, the board of directors of the company, pursuant to Section 242 of the Delaware General Corporation Law, determined it was in the best interests of the company that the name of the company should be changed to Bravo Multinational Incorporated, with such change of name to be effective upon compliance with all regulatory requirements mandated by FINRA. Further, as a result of the change of the company’s name and upon satisfaction of all regulatory requirements, the trading symbol for the shares of the company’s common stock should be changed to “BRVO,” and the company’s CUSIP identifier be changed to a newly issued number. FINRA granted its approval of the change of the company’s name on April 6, 2016. As a result of the change of name of the company, the company’s trading symbol was changed to “BRVO” and the CUSIP identifier was changed to 10568F109. On August 3, 2020, the Board of Directors agreed in changing the Company’s incorporation from Delaware to Wyoming. On September 25, 2020, the Company merged into its wholly owned subsidiary Bravo Multinational (Wyoming) to achieve the change in state incorporation. On July 20, 2023 the Company formed a wholly-owned subsidiary; Global Merchandising Inc., a Nevada Corporation. This company has had no activity through December 31, 2025.
The Company’s previous business plan was the buying and reselling of gaming equipment. The Company also bought machines for its own use that were placed in casinos or gaming areas to obtain monthly revenue streams from the machines’ net win revenue. On July 3, 2023, the Company changed its business plan and will pursue business ventures in the entertainment, hospitality and technology sectors.
NOTE 2 – Summary of Significant Accounting Policies
Basis of Presentation
The accompanying condensed consolidated balance sheet at December 31, 2025, has been derived from audited financial statements and the accompanying unaudited condensed consolidated interim financial statements as of June 30, 2026 and 2025, have been prepared in accordance with generally accepted accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements and should be read in conjunction with the audited financial statements and related footnotes included in our Annual report on Form 10-K for the year ended December 31, 2025 (the “2025 Annual Report”), filed with the Securities and Exchange Commission (the “SEC”). It is management’s opinion, however, that all material adjustments (consisting of normal recurring adjustments), have been made which are necessary for a fair financial statement presentation. Operating results for the three and six months ended June 30, 2026, are not necessarily indicative of the results of operations expected for the year ending December 31, 2026.
Principles of Consolidation
The condensed consolidated financial statements include the accounts of Bravo Multinational Incorporated, its wholly owned subsidiaries, Universal Entertainment SAS, Ltd., and Global Merchandising, (the “Company”). All significant inter-company balances have been eliminated in consolidation.
Method of Accounting
The Company’s consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”).
| -7- |
Cash and Cash Equivalents
Cash and cash equivalents may include time deposits, certificates of deposit, and all highly liquid debt instruments with original maturities of three months or less. The Company maintains cash and cash equivalents at financial institutions located in the United States, which periodically may exceed federally insured amounts.
Use of Estimates
The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Earnings (Loss) per Share
Earnings (loss) per share of common stock are computed in accordance with FASB ASC 260 “Earnings per Share”. Basic earnings (loss) per share are computed by dividing income or loss available to common shareholders by the weighted-average number of common shares outstanding for each period. Diluted earnings per share are calculated by adjusting the weighted average number of shares outstanding assuming conversion of all potentially dilutive stock options, warrants and convertible securities, if dilutive. Common stock equivalents that are anti-dilutive are excluded from both diluted weighted average number of common shares outstanding and
diluted earnings (loss) per share.
Stock Based Compensation
The Company has issued and may issue stock in lieu of cash for certain transactions. The fair value of the stock, which is based on comparable cash purchases, third party fair values of shares or the value of services, whichever is more readily determinable, is used to value the transaction.
Revenue Recognition
The Company implemented ASC 606, Revenue from Contracts with Customers. These included the development of new policies based on the five-step model in the new revenue standard, ongoing contract review requirements, and the gathering of information for disclosures.
The Company recognizes revenue and cost of goods sold from product sales or services rendered when control of the promised goods are transferred to our clients in an amount that reflects the consideration to which we expect to be entitled in exchange for those goods and services. To achieve this core principle, we apply the following five steps: identify the contract with the client, identify the performance obligations in the contract, determine the transaction price, allocate the transaction price to performance obligations in the contract and recognize revenues when or as the Company satisfies a performance obligation.
Fair Value Measurements
The estimated fair values for financial instruments are determined at discrete points in time based on relevant market information. These estimates involve uncertainties and cannot be determined with precision. The carrying amounts of accounts payable, accrued liabilities, and notes payable approximate fair value.
We adopted ASC Topic 820 for financial instruments measured at fair value on a recurring basis. ASC Topic 820 defines fair value, establishes a framework for measuring fair value in accordance with accounting principles generally accepted in the United States and expands disclosures about fair value measurements.
Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC Topic 820 establishes a three-tier fair value hierarchy that prioritizes the inputs used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). These tiers include:
| ● | Level 1, defined as observable inputs such as quoted prices for identical instruments in active markets; |
| ● | Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and |
| ● | Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. |
| -8- |
The estimated fair values for financial instruments are determined at discrete points in time based on relevant market information. These estimates involve uncertainties and cannot be determined with precision. The carrying amounts of accounts receivable, inventory, notes payable, accounts payable, and accrued liabilities approximate fair value given their short-term nature or effective interest rates. We measure certain financial instruments at fair value on a recurring basis.
NOTE 3 – Recently Issued Accounting Pronouncements
The Company has implemented all new accounting pronouncements that are in effect and that may impact its consolidated financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.
NOTE 4 – Going Concern
The Company' s consolidated financial statements have been presented on the basis that it is a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has reported recurring operating losses, net current liabilities, and an accumulated deficit. These conditions raise substantial doubt as to the Company’s ability to continue as a going concern..
While the Company is attempting to continue operations and generate revenue, its cash position may not be sufficient to support daily operations. Management intends to raise additional funds by way of a public or private offering. Management believes that the actions presently being taken to further implement the Company's business plan and generate revenues provide the opportunity for the Company to continue as a going concern. While the Company believes in the viability of its strategy to generate revenues and in its ability to raise additional funds, there can be no assurances to that effect. The Company's ability to continue as a going concern depends on its ability to further implement its business plan and generate revenue. .
NOTE 5 – Related Party Transactions
Due to Related Parties consist of payments of Company
expenses by the Company’s one (1) current director, one (1) former director, three (3) shareholders and two (2) companies with related
shareholders. Amounts due were $
The Company utilizes the services of Yes International
LLC., which is controlled by Mr. Richard Kaiser who is a member of the Board of Directors. Yes International provides all services at
no cost except for press release wire services and filing fees. For the three months ended June 30, 2026 and 2025, the Company paid a
total of $
NOTE 6 – Capital Stock
Preferred Stock
On January 16, 2017, the Company amended its certificate
of incorporation to authorize an increase in blank check preferred shares to
Common Stock
On January 16, 2017, the Articles of Incorporation
were amended to increase the authorized shares to
Stock Compensation Plan
On March 15, 2018, the Company resolved to adopt the
Employees, Officers, Directors and Consultants Stock Plan for the Year 2018. The purpose of this Plan is to enable the Company,
to promote the interests of the company and its stockholders by attracting and retaining employees, officers, directors and consultants
capable of furthering the future success of the Company and by aligning their economic interests more closely with those of the company’s
stockholders, by paying their retainers or fees in the form of shares of the Company’s common stock. The Plan shall expire on March
15, 2028. As of June 30, 2026, and December 31, 2025, previously issued shares under this plan totaled
NOTE 8 – Commitments and Contingencies
Beginning in 2018, the Company has leased space from
Yes International LLC., a related party, at no cost. Rent expense for the each of three and six months ended June 30, 2026 and 2025
was $-
NOTE 9– Subsequent Events
In accordance with ASC 855-10, the Company has analyzed its operations subsequent to June 30, 2026 to the date of August 18, 2026 and has determined that it does have a material subsequent event to disclose in these financial statements.
On August 7, 2026, Kayla Slick resigned as Chief Operating
Officer. The board approved on August 7, 2026, payment to Ms Slick for her services in the amount of $
| -9- |
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
The following information should be read in conjunction with our unaudited financial statements and related notes thereto included in Part I, Item 1, above. We also urge you to review and consider our disclosures describing various risks that may affect our business, which are set forth under the heading "Risk Factors," below.
Forward Looking Statements
Certain matters discussed herein are forward-looking statements. Such forward-looking statements contained in this Form 10-Q involve risks and uncertainties, including statements as to:
| ● | our future strategic plans |
| ● | our future operating results; |
| ● | our business prospects; |
| ● | our contractual arrangements and relationships with third parties; |
| ● | the dependence of our future success on the general economy; |
| ● | our possible future financing |
| ● | the adequacy of our cash resources and working capital;. and |
From time to time, we or our representatives have made or may make forward-looking statements, orally or in writing. Such forward-looking statements may be included in, but not limited to, press releases, oral statements made with the approval of an authorized executive officer or in various filings made by us with the Securities and Exchange Commission. Words or phrases "will likely result", "are expected to", "will continue", "is anticipated", "estimate", "project or projected", or similar expressions are intended to identify "forward-looking statements". Such statements are qualified in their entirety by reference to and are accompanied by the above discussion of certain important factors that could cause actual results to differ materially from such forward-looking statements.
The risks identified here are not all inclusive. New risk factors emerge from time to time and it is not possible for management to predict all of such risk factors, nor can it assess the impact of all such risk factors on the company's business or the extent to which any factor or combination of factors may cause actual results to differ materially from those contained in any forward-looking statements. Accordingly, forward-looking statements should not be relied upon as a prediction of actual results.
The financial information set forth in the following discussion should be read with the financial statements of Bravo Multinational, Inc. included elsewhere herein.
Company Overview
We were originally formed as Montrose Ventures, Inc. in the State of Delaware on May 25, 1989. On April 23, 1996, our name was changed to Java Group, Inc., which attempted to launch a chain of coffee bars but failed. On September 1, 2004, our name was changed to Consolidated General Corp., and under that name the company attempted to buy tier 2 and 3 professional sports teams, including the Vancouver Ravens lacrosse team and the "San Diego Soccers" soccer team. On August 7, 2007, our name was changed to Goldcorp Holdings Co. On October 15, 2010, our name was changed to GoldLand Holdings Co.
On March 22, 2016, the board of directors of the Registrant, pursuant to Section 242 of the Delaware General Corporation Law, determined it was in the best interest of the Registrant that the name of the Registrant should be changed to Bravo Multinational Incorporated, to reflect its new business, which is the purchase and leasing of gaming equipment. The name change was effective upon compliance with all FINRA-mandated regulatory requirements. Further, as a result of the change in the Registrant's name, the trading symbol for the Registrant's common stock has been changed to "BRVO." Registrant's CUSIP identifier has been changed to 10568F109..
The Registrant filed a Form 8-K with the SEC on April 7, 2016, announcing the change of name, trading symbol, and CUSIP identifier.
On January 16, 2017, The Board of Directors of the Company unanimously approved an amendment to the Company's Articles of Incorporation in order to effect a plan of recapitalization that provides for a one-for-three hundred (1-for-300) reverse stock split of our common stock. Pursuant to the written resolutions, the Company's shareholders voted to approve the proposal to authorize a reverse split. The reverse stock split took effect, after filing a Certificate of Amendment to the Articles of Incorporation with the Secretary of State of the State of Delaware. The amended Articles of Incorporation increased the authorized shares to 1,050,000,000, consisting of 1,000,000,000 shares of common stock and 50,000,000 shares of preferred stock. The common and preferred shares will have a par value of $0.0001 per share. The preferred shares are blank check preferred. Registrant's CUSIP identifier has been changed to 10568F208.
| -10- |
On October 4, 2019 the Company amended its Articles of Incorporation to designate 10,000,000 shares of its "blank check" preferred stock as Series 'A' Preferred Stock, which left 40,000,000 "blank check" authorized but unissued. The Preferred Series 'A' had a par value of $0.0001 per share and entitled holders to receive one hundred (100) times the dividends per share of common stock, 100:1 stock voting rights, 100:1 liquidation rights, and a conversion ratio of 1:100 to common stock. Currently, there are no Series ‘A’ Preferred shares outstanding.
On October 09, 2020, The Company moved it state of incorporation from the State of Delaware to the State of Wyoming. After the move to Wyoming, authorized capital of Bravo Multinational Incorporated consists of an unlimited number of shares of Common Stock, par value $0.0001 per share, an unlimited number of shares of Preferred Stock, $0.0001 par value per share and an unlimited number of shares of Series Preferred 'A' stock at a par value of $0.0001, which has the same characteristics as described above. The reincorporation did not affect the Company's total stockholders' equity or total capitalization (See Exhibit 3.1).
There was a change in control on July 03, 2023. Since that time, the management team at Bravo Multinational, Inc. (OTC: BRVO) has pursued business ventures in the entertainment, hospitality, and technology sectors. The Company's goal is to create long-term value for its shareholders from high-growth business opportunities, although that goal may not be realized.
Former Business
We are no longer engaged in the business of leasing and selling gaming equipment. We, ceased operations in Nicaragua in 2017 due to political and economic instabilities.
Management throughout the period 2018 to 2023 evaluated other possible gaming related operations with the expectation of finding an economically viable operation. No viable gaming businesses became apparent, and management pursued other industry alternatives.
We currently own 76.63 acres of land within seven patented mining claims with a 29.167% ownership interest. We may look to expand on our mining claim holdings in the future. Currently, the carrying value on such patented claims was fully impaired due to lack of economic viability of such properties.
However, it should be noted that we were never a mining operator. As described above, the Company owns mining claims, but none of those claims are leased to a third party. Since the mining operations of our lessee no longer have any relevance to our business of leasing and selling gaming equipment, we will only include financial information relating to revenues, expenses, and results of operations and other relevant information with respect to the former mining activities of the lessee of our mining properties. For a complete discussion of the mining activities on our mining claims conducted by other parties, please see our previous Form 10-Ks, 10-Qs, and 8-Ks filed with the SEC.
Company's Business
The Company plans to offer a wide range of on-demand content, including movies, series, concerts and original programming, at minimal or no cost to viewers. Once the service becomes available, it can be accessed across various devices, with dedicated apps on platforms such as Roku, Apple and Google Play.
Our plan is to create a streaming service that could offer a portion of its content for free, catering to the growing demographic of cord-cutters and aligning with the dynamic landscape of advertising-based video on demand (AVOD) streaming. It is expected that Bravo’s Over-The-Top (OTT) streaming platform could be specifically crafted to deliver content directly to viewers via the internet, accessible through a browser or freely downloadable apps on smartphones, tablets and smart TVs.
A report from Fortune Business Insights, a global market research and reporting firm, estimated the global video streaming market at $455.45 billion in 2022. It is projected to grow from $554.33 billion in 2023 to $1.9 trillion by 2030, achieving a CAGR of 19.3% during the forecast period. Growth drivers, according to the report, include a rising number of users of Video-on-Demand services (YouTube, for example) worldwide and the growing adoption of OTT content providers (like Netflix and Hulu, among many others) by consumers, as well as consumers’ most likely willingness to spend more for streaming video content.
Transfer Agent
Our transfer agent is Transfer Online, Inc., whose address is 512 SE Salmon Street, Portland, Oregon 97214, and telephone number (503) 227-2950.
Company Contact Information
Our principal executive offices are located at 2020 General Booth Blvd., Unit 230, Virginia Beach, VA 23454, telephone (757) 306-6090. The information to be contained in our Internet website, www.bravomultinational.com, shall not constitute part of this report.
| -11- |
Current Directors
The following persons are the Company's Directors:
| Name | Age | Position(s) | ||
| Grant Cramer | 63 | CEO and Director | ||
| Richard Kaiser | 61 | CFO and Director | ||
| Steven Marshall | 55 | Director | ||
| Jordan Fiksenbaum | 55 | Director | ||
| Kayla Slick (1) | 37 | Director |
| (1) | Effective August 07, 2026, Kayla Slick resigned as COO and Director of the Company. |
BIOGRAPHY
GRANT CRAMER
Mr. Cramer is the Chief Executive Officer and a Director of the Company. Mr. Cramer has over three decades of experience in the entertainment business, and he has worked as an actor, writer, producer and production executive. Mr. Cramer founded Landafar Entertainment in Los Angeles, California in 2016 and Global Pictures Media in Ocala, Florida in 2015. As part of his work with those companies, he has developed and produced 14 feature films, including End Of Watch, Escape Plan, and 2 Guns. Mr. Cramer was also the executive producer of Lone Survivor, November Man, and Arctic Dogs. Mr. Cramer also produced And So It Goes, which was directed by Rob Reiner and starred Michael Douglas and Diane Keaton. His 30-minute short film Say Goodnight, Michael won several awards, including the Grand Jury Award at the New York International Independent Film Festival. Mr. Cramer attended the University of California Los Angeles from 1979 to 1981.
RICHARD KAISER
Richard Kaiser since 2018 is the Company's Director, Acting CFO, Corporate Secretary and Corporate Governance Officer. He has served as an officer and Co-Owner of Yes International since July, 1991. Yes International is a full-service EDGAR conversion filing agent, investor relations and venture capital firm located in Virginia Beach, Virginia. Mr. Kaiser has a Bachelor of Arts degree in International Economics from Oakland University (formerly known as Michigan State University-Honors College.) From July 1, 2013 to the present, Mr. Kaiser has also served as a Director, Secretary, CFO, and iterim CEO of BioForce NanoSciences Holdings, a public company, trades under symbol BFNH on OTC Markets and is Nevada Corporation with its headquarters located in Virginia Beach, Virginia. In August 2022, Mr. Kaiser became a Director and Chief Financial Officer of Gold Rock Holdings, Inc., located in Virginia Beach, VA. Gold Rock Holdings is a Nevada Corporation which trades under the symbol GRHI on OTC Markets. The Board reviewed Mr. Kaiser's background and considered him qualified for his position based on his education and experience with SEC filings and public companies.
STEVEN MARSHALL
Steven Marshall is a Director of the Company. Mr. Marshall is an accomplished executive with over 30 years of experience in both privately held and public companies. He serves as Managing Director at Sancus Group, a consulting company specializing in improvement of under performing companies for domestic and global clients. From 2000 to 2021, he served as Chief Executive Officer of several privately-held companies, including Altiras Holdings, Chasm Industries and Market2Market. Earlier in his career, he served in several senior management positions at GE HealthCare Technologies Inc., playing a key role in developing and leading various service businesses. Mr. Marshall earned a Bachelor of Science degree in Electrical Engineering from The Ohio State University and completed a postgraduate program at the Gestalt Institute in psychology and organizational dynamics. He is currently a board member at Chemaris Investments, an asset management company specializing in chemical manufacturing investments.
JORDAN FIKSENBAUM
Jordan Fiksenbaum is a Director of the Company. He is a seasoned professional with over 35 years of experience in fostering the financial and organic growth of both established entities and start-ups. Throughout his illustrious career, he has spearheaded strategic campaigns that have generated over $5.5 billion in revenue and sold 55 million admission tickets. Within the live entertainment industry, Jordan has held influential senior leadership roles at prestigious organizations such as Lighthouse Immersive, Fubo, Cirque du Soleil, and the Kimmel Center in Philadelphia. In each capacity, Jordan has demonstrated an unwavering commitment to excellence and innovation, leaving a lasting impact on the organizations under his purview. Jordan's expertise extends beyond traditional management roles to encompass event programming and producing. His creative flair and keen understanding of audience dynamics have led to the creation of unforgettable and commercially successful live experiences. Known for his adeptness in sales and marketing, Mr. Fiksenbaum has not only devised effective campaigns but has also cultivated a culture of innovation within his teams. His ability to identify and capitalize on market trends has been instrumental in establishing a competitive edge for the organizations he has served. Jordan’s key strengths lie in his ability to analyze, refine, and coordinate multidisciplinary properties. His leadership style emphasizes collaboration and partnership cultivation, fostering an environment where diverse talents come together to achieve extraordinary results. Jordan Fiksenbaum strategic vision has not only elevated organizations but has also established industry benchmarks. His influence is evident in numerous partnerships and a lasting impact on the cultural landscape of entertainment. Continuously pushing boundaries in live entertainment, strategic marketing, and business leadership, Jordan inspires the next generation to make a lasting impact in this dynamic industry.
| -12- |
Management's Discussion and Analysis of Financial Condition and Results of Operations
Overall Operating Results:
Three Months – June 30, 2026 and 2025 Statements
Revenues for Company for the three months ended June 30, 2025 and 2024 were $-0- and $-0-. The Company's had $-0- sales for the three months ending June 30, 2026 and 2025 from its business ventures in the entertainment, hospitality, and technology sectors.
Cost of sales for the three months ended June 30, 2026 was $-0- and for the three months ended June 30, 2025 was $-0-. The Company had no sales during each of the three months ended June 30, 2026 and 2025.
Gross profit for the three months ended June 30, 2026 was $-0- and for the three months ended June 30, 2025 was $-0-.
Total Operating expenses for three months ended June 30, 2026 was $80,894 compared to $69,035 for the three months ended June 30, 2025. The increase during the three months ending June 30, 2026 was attributed to increase in General and Administrative expenses and Professional Fees compared to the three months ending June 30, 2025.
Six Months – June 30, 2025 and 2026 Statements
Revenues for Company for the six months ended June 30, 2026 and 2025 were $-0- and $-0-. The Company's had $-0- sales for the six months ending June 30, 2026 and 2025 from its business ventures in the entertainment, hospitality, and technology sectors.
Cost of sales for the six months ended June 30, 2026 was $-0- and for the six months ended June 30, 2025 was $-0-. The Company had no sales during each of the six months ended June 30, 2026 and 2025.
Gross profit for the six months ended June 30, 2026 was $-0- and for the six months ended June 30, 2025 was $-0-.
Total Operating expenses for six months ended June 30, 2026 was $238,659 compared to $140,055 for the six months ended June 30, 2025. The increase during the six months ending June 30, 2026 was attributed to increases in General and Administrative expenses and Board of Director Fees compared to the six months ending June 30, 2025.
Net Loss:
Net loss for the three months ended June 30, 2026 and 2025 were $80,894 and $$69,035, respectively. The increase during the three months ending June 30, 2026, was due to the increases in General and Administrative expenses and Professional Fees compared to the three months ending June 30, 2025.
Net loss for the six months ended June 30, 2026 and 2025were $210,071 and $140,555, respectively. The increase during the six months ending June 30, 2026, was due to the increases in General and Administrative expenses and Board of Director Fees compared to the six months ending June 30, 2025.
Liquidity and Capital Resources:
As of June 30, 2026, the Company’s assets totaled $2,319 which consisted of Cash. Our total liabilities were $1,175,075 from accounts payable and accrued expenses, accrued director compensation expenses and amounts due to related parties. As of June 30, 2026, the Company had an accumulated deficit of $96,644,718 and working capital deficit $1,172,756.
For the six months ended June 30, 2026 net cash used in operations of $20,542 was the result of a net loss for the period of $210,071, from an increase in Accounts Payables and Accrued Expenses of $17,129, an increase in Due to Related Parties of $22,750 and from an increase in accrued Board of Directors' and Officer Compensation of $79,500.
For the six months ended June 30, 2025, net cash used in operations of $52,120 was the result of a net loss for the period of $140,055, from an increase in Accounts Payables and Accrued Expenses of $2,285 an increase in Due to Related Parties of $52,430, and from an increase in accrued Board of Directors' and Officer Compensation of $85,650.
As indicated herein, we need capital to implement our business plan in the entertainment, hospitality, and technology sectors, and we will need additional capital to continue our operations. We do not have sufficient revenues to pay our operating expenses at this time. Unless the Company is able to raise working capital, it is likely that the Company will either have to cease operations or substantially change its methods of operation or its business plan (See Note 4 in the Financial Statements)..
| -13- |
Cash Used in Operating Activities
Net cash used in operating activities for the six months ended June 30, 2026 and 2025 were $20,542 and $52,120, respectively.
Cash Flows from Investing Activities
Net cash used in investing activities was $-0- for both the six month periods ended June 30, 2026 and 2025.
Cash from Financing Activities
Net cash provided by financing activities was $22,750 for six months ended June 30 , 2026 from the proceeds from Related Parties, and was $52,430 for six months ended June 30, 2025 from proceeds from Related Parties.
Critical Accounting Policies
Our consolidated financial statements and accompanying notes are prepared in accordance with generally accepted accounting principles in the United States. Preparing financial statements requires management to make estimates and assumptions that impact the reported amounts of assets, liabilities, revenue, and expenses. These estimates and assumptions are affected by management's application of accounting policies. Critical accounting policies include revenue recognition and impairment of long-lived assets.
New Accounting Pronouncements
Bravo Multinational, Inc. does not expect the adoption of recently issued accounting pronouncements to have a significant impact on the Company, or any of its subsidiaries' operating results, financial position, or cash flow.
Accounting Principals
Our consolidated financial statements and accompanying notes are prepared in accordance with generally accepted accounting principles in the United States. Preparing financial statements requires management to make estimates and assumptions that impact the reported amounts of assets, liabilities, revenue, and expenses. These estimates and assumptions are affected by management's application of accounting policies. Critical accounting policies include revenue recognition and impairment of long-lived assets.
Revenue Recognition
In accordance with ASC Topic 606, Revenue from Contracts with Customers ("ASC 606"), revenues are recognized when control of the promised goods or services is transferred to our clients, in an amount that reflects the consideration to which we expect to be entitled in exchange for those goods and services. To achieve this core principle, we apply the following five steps: (1) Identify the contract with a client; (2) Identify the performance obligations in the contract; (3) Determine the transaction price; (4) Allocate the transaction price to performance obligations in the contract; and (5) Recognize revenues when or as the company satisfies a performance obligation.
We adopted this ASU on January 1, 2018. Although the new revenue standard is expected to have an immaterial impact, if any, on our ongoing net income, we implemented changes to our revenue recognition processes and the related control activities.
Off-Balance Sheet Arrangements
We do not have any off-balance sheet arrangements.
Going Concern
We have incurred net losses since our inception. We anticipate incurring additional losses before realizing growth in revenue and we will depend on additional financing in order to meet our continuing obligations and ultimately to attain profitability. Our ability to obtain additional financing, whether through the issuance of additional equity or through the assumption of debt, is uncertain. Accordingly, our independent auditors' report on our financial statements for the year ended December 31, 2025 includes an explanatory paragraph regarding concerns about our ability to continue as a going concern, including additional information contained in the notes to our financial statements describing the circumstances leading to this disclosure. The financial statements do not include any adjustments that might result from the uncertainty about our ability to continue our business.
ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
Not applicable
ITEM 4. CONTROLS AND PROCEDURES
Evaluation of Disclosure Controls and Procedures
Our management, with the participation of our Principal Executive Officer and Principal Financial Officer, evaluated the effectiveness of our disclosure controls and procedures (as defined in the Securities Exchange Act of 1934 Rules 13a-15(e) and 15d-15(e)) as of the end of the period covered by this Quarterly Report on Form 10-Q. In designing and evaluating the disclosure controls and procedures, management recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives. In addition, the design of disclosure controls and procedures must reflect the fact that there are resource constraints, and that management is required to apply its judgment in evaluating the benefits of possible controls and procedures relative to their costs.
| -14- |
Based on our evaluation, our Principal Executive Officer and Principal Financial Officer, after considering the existence of material weaknesses identified, determined that our internal control over financial reporting disclosure controls and procedures were not effective as of June 30, 2026.
Evaluation of Internal Control over Financial Reporting
Our management is responsible for establishing and maintaining adequate internal control over financial reporting as defined in Rules 13a-15(f) and 15d-15(f) under the Securities Exchange Act of 1934, as amended. Our internal control over financial reporting is designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with U.S. generally accepted accounting principles.
Our internal control over financial reporting includes those policies and procedures that: (i) pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and dispositions of our assets, (ii) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that our receipts and expenditures are being made only in accordance with the authorization of our management and directors, and (iii) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of our assets that could have a material effect on our financial statements.
Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.
Management, including our Principal Executive Officer and Principal Financial Officer, assessed the effectiveness of our internal control over financial reporting as of June 30, 2026. In making this assessment, management used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission ("COSO") in Internal Control – Integrated Framework (2013).
We identified the following deficiencies which together constitute a material weakness in our assessment of the effectiveness of internal control over financial reporting as of June 30, 2026:
| - | The Company has inadequate segregation of duties within its cash disbursement control design. | |
| - | During the period ended June 30, 2026, the Company internally performed all aspects of its financial reporting process, including, but not limited to the underlying accounting records and the recording of journal entries and for the preparation of financial statements. This process was deficient, because these duties were performed often times by the same people, and therefore a lack of review was created over the financial reporting process that might result in a failure to detect errors in spreadsheets, calculations, or assumptions used to compile the financial statements and related disclosures as filed with the SEC. These control deficiencies could result in a material misstatement to our interim or annual financial statements that would not be prevented or detected. |
It should be noted that any system of controls, however well designed and operated, can provide only reasonable, and not absolute, assurance that the objectives of the system are met. In addition, the design of any control system is based in part upon certain assumptions about the likelihood of future events. Because of these and other inherent limitations of the control system, there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions.
This report does not include an attestation report of the Company's registered public accounting firm regarding internal control over financial reporting. Management's report was not subject to attestation by the Company's registered public accounting firm pursuant to rules of the Securities and Exchange Commission that permit us to provide only management's report in this annual report.
We regularly review our system of internal control over financial reporting to ensure that we maintain an effective internal control environment. If deficiencies appear in our internal controls, management will make changes that address those deficiencies.
Changes in Internal Control Over Financial Reporting
There have been no changes in the Company's internal control over financial reporting that occurred during the reporting period ended June 30, 2026, that have materially affected, or are reasonably likely to materially affect, the Company's internal control over financial reporting.
PART II - OTHER INFORMATION
ITEM 1. LEGAL PROCEEDINGS
At this time, there are no materials pending legal proceedings to which the Company is a party or as to which any of its property is subject, and no such proceedings are known to the Company to be threatened or contemplated against it.
ITEM 1A. RISK FACTORS
We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and, as such, are not required to provide the information under this Item.
| -15- |
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
2026
On May 27, 2026, the Registrant issued 2,778,571 shares of its common stock. The shares were issued pursuant to an exemption from registration provided by Section 4(2) of the Securities Act of 1933. The offering was not a public offering as defined in Section 4(2) due to the limited number of recipients and the manner of the offering. In addition, the purchasers represented that they had the necessary investment intent as required by Section 4(2) and agreed that shares issued in book form would be noted as restricted, and shares issued by certificate would bear a legend stating that the securities were restricted pursuant to Rule 144 of the Securities Act. The restricted shares were issued in consideration of services valued at $92,900 provided to the Company. These shares were sold in a private placement, and the Company paid no commissions or fees in connection with such sales.
2025
For the Period Ending June 30, 2025, there were no issuance of unregistered equity securities.
ITEM 3. DEFAULTS UPON SENIOR SECURITIES
None.
ITEM 4. MINING SAFETY DISCLOSURES
Not applicable.
ITEM 5.
ITEM 6. EXHIBITS
| Exhibit No. | Identification of Exhibit |
| 31.1+ | Certification of Grant Cramer, Chief Executive Officer of Bravo Multinational Incorporated, pursuant to 18 U.S.C. §1350, as adopted pursuant to §302 of the Sarbanes-Oxley Act of 2002. |
| 31.2+ | Certification of Richard Kaiser, Chief Financial Officer and Principal Accounting Officer of Bravo Multinational Incorporated, pursuant to 18 U.S.C. §1350, as adopted pursuant to §302 of the Sarbanes-Oxley Act of 2002. |
| 32.1+ | Certification of Grant Cramer, Chief Executive Officer of Bravo Multinational Incorporated, pursuant to 18 U.S.C. §1350, as adopted pursuant to §906 of the Sarbanes-Oxley Act of 2002. |
| 32.2+ | Certification of Richard Kaiser, Chief Financial Officer and Principal Accounting Officer of Bravo Multinational Incorporated, pursuant to 18 U.S.C. §1350, as adopted pursuant to §906 of the Sarbanes-Oxley Act of 2002. |
| 101+ | iXBRL Interactive Exhibits. |
| 104+ | Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)+ |
| + | filed herewith |
| * | previously filed |
SIGNATURES
In accordance with the requirements of the Exchange Act, the Registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
BRAVO MULTINATIONAL INCORPORATED
| Dated: August 19, 2026 | By: | /s/ Grant Cramer |
|
Grant Cramer Chief Executive Officer | ||
| By: | /s/Richard Kaiser | |
| Richard Kaiser Chief Financial Officer. | ||
| -16- |