10-Q
Quarterly Report
Webstar Technology Group, Inc.
WBSR
CIK: 1645155
File #: 000-56268
Balance Sheet
43 line items · 2 periods
XBRL
| Item | Mar 31, 2026 | Dec 31, 2025 |
|---|---|---|
ASSETS | ||
Current assets | ||
Cash and Cash Equivalents | 1,271 | 4,271 |
Inventory | ||
Project Development | 3,370,470 | 3,310,470 |
Land and Land Acquisition | 34,658,198 | 34,658,198 |
Other Non-Operating Current Assets | 48,756 | 12,405 |
Total current assets | 38,078,695 | 37,985,344 |
Total assets | 38,078,695 | 37,985,344 |
Forge Atlanta Asset Management LLC | 37,363,571 | — |
Consolidated Entity, Excluding Consolidated VIE | 38,078,695 | — |
LIABILITIES AND STOCKHOLDERS’ DEFICIT | ||
Current liabilities | ||
Accounts Payable | 88,668 | 294,323 |
Other Current Liabilities | 300,000 | 303,341 |
Related Party | 155,358 | 135,358 |
Nonrelated Party | 621,258 | 113,026 |
Mr. James Owens - Notes Payable | 155,358 | 135,358 |
Related Party | 1,000,000 | 1,000,000 |
Short-Term Debt | 898,480 | 205,880 |
Short-Term Debt | 37,276,706 | 37,388,940 |
Due to related party | 179,174 | 142,874 |
Other Non-Operating Current Liabilities | 23,640 | 24,185 |
Mr. James Owens | 0 | 0 |
Total current liabilities | 40,543,284 | 39,607,927 |
Long-term liabilities | ||
Long-Term Debt | 100,000 | 100,000 |
Liability for condominium, less unamortized issuance costs of $191,416 and $735,082, respectively | 1,128,584 | 584,918 |
Total long-term liabilities | 1,228,584 | 684,918 |
Total liabilities | 41,771,868 | 40,292,845 |
Stockholders’ deficit | ||
Total Stockholders' Equity | 40,552 | 40,419 |
Total Stockholders' Equity | 46,683,721 | 46,620,854 |
Total Stockholders' Equity | (50,178,586) | (48,867,619) |
Total Webstar stockholders’ deficit | (3,454,313) | (2,206,346) |
Noncontrolling Interest | (238,860) | (101,155) |
Total stockholders’ deficit | (3,693,173) | (2,307,501) |
Common Stock | 40,552 | 40,419 |
Additional Paid-in Capital | 46,683,721 | 46,620,854 |
Retained Earnings | (50,178,586) | (48,867,619) |
Parent | (3,454,313) | (2,206,346) |
Noncontrolling Interest | (238,860) | (101,155) |
Total liabilities and stockholders’ deficit | 38,078,695 | 37,985,344 |