0001065949-26-000015
SEC filingBlackStar Enterprise Group, Inc. (BEGI) reported a net loss of $358K for Q2 2025 ending June 30, 2025, driven by total operating expenses of $296K, including legal and professional fees of $117K, general and administrative expenses of $177K, and management consulting - related party of $2K. Interest expense contributed $62K to other expenses, resulting in the quarterly loss. No revenue was reported. Balance sheet shows total assets of $412K, primarily intangibles net of $395K and cash of $14K, against total liabilities of $3.1M, yielding a stockholders' deficit of $2.7M. Current liabilities include accounts payable $972K, accrued payables $605K, notes payable $608K, convertible notes $630K, and preferred stock subscribed $237K. Cash flow from operations used $266K, investing used $20K for intangibles, while financing provided $277K from preferred stock subscription $237K, convertible notes $40K, and notes payable $189K, netting a $11K cash increase to $14K ending cash. Basic and diluted net loss per share was $0 with 1.85B weighted average shares. The company relies heavily on debt and equity financing amid ongoing losses and negative equity, signaling liquidity challenges.
BlackStar Enterprise Group, Inc. (BEGI) posted a net loss of $358K for the quarter ended June 30, 2025, compared to no prior period figures disclosed in the filing. Total operating expenses reached $296K, comprising legal and professional fees of $117K, general and administrative expenses of $177K, and management consulting - related party of $2K. Interest expense of $62K drove total other expenses to $62K. No revenue was reported. Net loss per basic and diluted share was $0, based on 1.85B weighted average common shares outstanding. Total assets stood at $412K, with total liabilities at $3.1M, resulting in a stockholders' deficit of $2.7M. The company shows no revenue generation and persistent losses.
No revenue was reported for the period ended June 30, 2025. The XBRL data lists revenue as N/A, with no segment breakdown, geographic mix, or growth drivers disclosed in the filing. Operating activities remain non-revenue generating, focused on expenses and intangibles.
No gross profit or margins calculable due to absence of revenue. Operating expenses totaled $296K against zero revenue, reflecting full loss absorption. Interest expense of $62K further eroded results. No prior period margins available for comparison. Cost structure dominated by legal/professional (39.5% of opex), G&A (60%), and minimal related-party consulting.
Cash used in operating activities was $266K, adjusted from net loss via amortization of intangibles $5K, note discounts $21K, stock compensation $160K, and working capital changes including accrued interest increase $105K. Investing outflows of $20K went to intangibles. Financing provided $277K from preferred stock subscribed $237K, convertible notes $40K, and notes payable $189K, yielding net cash increase of $11K to $14K. Balance sheet: current assets $18K (cash $14K, prepaids $3K), intangibles $395K; current liabilities $3.1M (accounts payable $972K, accrued $605K, notes $608K, convertible $630K, preferred subscribed $237K); long-term notes $24K. Stockholders' deficit -$2.7M with accumulated deficit -$12.3M.
No management guidance, strategic priorities, or risk factors explicitly disclosed in the provided filing content.