10-K
Annual Report
Webstar Technology Group, Inc.
CIK: 1645155
File #: 000-56268
Balance Sheet
43 line items · 2 periods
XBRL
| Item | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
ASSETS | ||
Current assets | ||
Cash and Cash Equivalents | 4,271 | 20 |
Inventory | ||
Project Development | 3,310,470 | — |
Land And Land Acquisition | 34,658,198 | — |
Other Non-Operating Current Assets | 12,405 | 20,349 |
Total current assets | 37,985,344 | 20,369 |
Total assets | 37,985,344 | 20,369 |
Forge Atlanta Asset Management LLC | 35,728,802 | — |
Consolidated Entity, Excluding Consolidated VIE | 37,985,344 | — |
LIABILITIES AND STOCKHOLDERS’ DEFICIT | ||
Current liabilities | ||
Accounts Payable | 294,323 | 5,029 |
Other Current Liabilities | 303,341 | — |
Related Party | 135,358 | 55,358 |
Nonrelated Party | 113,026 | — |
Mr. James Owens - Notes Payable | 135,358 | 55,358 |
Related Party | 1,000,000 | 1,000,000 |
Short-Term Debt | 205,880 | — |
Short-Term Debt | 37,388,940 | — |
Due to related party | 142,874 | 41,218 |
Other Non-Operating Current Liabilities | 24,185 | — |
Mr. James Owens | 0 | 0 |
Total current liabilities | 39,607,927 | 1,101,605 |
Long-term liabilities | ||
Long-Term Debt | 100,000 | — |
Liability for condominium, less unamortized issuance costs of $735,082 and $0, respectively | 584,918 | — |
Total long-term liabilities | 684,918 | — |
Total liabilities | 40,292,845 | 1,101,605 |
Stockholders’ deficit | ||
Total Stockholders' Equity | 40,419 | 40,212 |
Total Stockholders' Equity | 46,620,854 | 46,515,936 |
Total Stockholders' Equity | (48,867,619) | (47,637,384) |
Total Webstar stockholders’ deficit | (2,206,346) | (1,081,236) |
Noncontrolling Interest | (101,155) | — |
Total stockholders’ deficit | (2,307,501) | (1,081,236) |
Common Stock | 40,419 | 40,212 |
Additional Paid-in Capital | 46,620,854 | 46,515,936 |
Retained Earnings | (48,867,619) | (47,637,384) |
Parent | (2,206,346) | (1,081,236) |
Noncontrolling Interest | (101,155) | — |
Total liabilities and stockholders’ deficit | 37,985,344 | 20,369 |