Here are the 10-K annual reports from TAP Real Estate Techs Inc (RWAX) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow RWAX and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full RWAX filings page.
TAP Real Estate Technologies, Inc. (formerly HUMBL, Inc.) filed its annual report outlining a full pivot from fintech into blockchain-enabled real estate tokenization and asset ownership. The company sold essentially all prior HUMBL assets to TAP, Inc. and now plans to acquire, manage and tokenize real estate using licensed TAP technology.
The new model is backed by an initial $500,000 investment but the business remains pre-revenue, with 2025 net loss from continuing operations of $(32,773,081) and an accumulated deficit of $(134,810,209) as of December 31, 2025. Liquidity is tight, with cash of $126,066 and a working capital deficit, and management explicitly notes substantial doubt about continuing as a going concern.
Key 2025 items include a $(20,000,000) loss on disposal of magnesium silicate minerals tied to the short-lived FinCapital acquisition, complex preferred stock and control changes that were later unwound, and heavy reliance on a short-term, negotiable license from TAP, Inc. for the core tokenization platform. Non-affiliate common stock had a market value of $13,171,807 as of June 30, 2025, and there were 56,743,782,943 common shares outstanding as of March 31, 2026.