Webstar Technology Group (WBSR) filed its Q3 2025 10‑Q, reporting no revenue and continued losses. The company posted a net loss of $209,960 for the quarter and $363,736 year‑to‑date. Cash was $7,789 against current liabilities of $1,919,807, resulting in a stockholders’ deficit of $(1,311,847). Management states these conditions raise “substantial doubt” about the company’s ability to continue as a going concern.
Operations shifted to specialty real estate via the Forge Atlanta project. As of September 30, assets included a $400,000 escrow deposit and $115,000 additional deposits tied to the planned $33,000,000 acquisition under a non‑binding LOI. Financing this quarter included short‑term and project‑level notes with original issue discounts and one instrument granting a right to a condominium unit valued at $440,000. A related‑party convertible note of $1,000,000 remains outstanding with accrued interest of $115,358. The company also filed a Regulation A offering for up to $10,000,000 at $7 per share, which has not been declared effective.