Theglobe.com Q2 net loss widens to about $66,000; revenue posts no revenue

Theglobe.com posted a second-quarter net loss of $66,000, widening from a $57,000 loss a year earlier.

General and administrative costs rose to $40,000 from $34,000, driven by higher legal and accounting fees.

Related-party interest expense increased to $25,000 from $23,000 as Delfin loan balances climbed.

Cash rose to $15,115 at June 30, 2026, from $3,632 at Dec. 31, 2025. Six-month operating cash outflow was $73,000.

Management flagged going-concern doubt beyond 12 months without added capital or creditor forbearance. The Delfin promissory note balance was $1.3 million.