For the quarter ending 2025-09-30, OLB has $12,248,123 in assets. $6,989,989 in debts.
| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Cash | 3,540 | 2,662 | ||
| Accounts receivable, net | 46,863 | 81,040 | ||
| Prepaid expenses | - | 0 | ||
| Other receivables | 819,365 | 777,865 | ||
| Other current assets | 20,466 | 14,039 | ||
| Total current assets | 890,234 | 875,606 | ||
| Property and equipment, gross | 11,524,103 | - | ||
| Less accumulated depreciation | 8,795,573 | - | ||
| Property and equipment, net | 2,728,530 | 2,870,752 | ||
| Goodwill | 8,139,889 | 8,139,889 | ||
| Operating lease right-of-use assets | 108,517 | 118,869 | ||
| Intangible assets, net | - | 0 | ||
| Other long-term assets | 380,953 | 380,952 | ||
| Total other assets | 11,357,889 | 11,510,462 | ||
| Total assets | 12,248,123 | 12,386,068 | ||
| Cash overdraft | 27,019 | 26,451 | ||
| Accounts payable | 3,999,131 | 3,783,495 | ||
| Accrued expenses | 740,027 | 57,360 | ||
| Merchant portfolio purchase installment obligation | 2,000,000 | 2,000,000 | ||
| Notes payable, net of current portion | - | 0 | ||
| Preferred dividend payable (related party)-Related Party | - | 0 | ||
| Related party payable-Related Party | 115,815 | 0 | ||
| Operating lease liability current portion | 44,940 | 45,742 | ||
| Total current liabilities | 6,926,932 | 5,913,048 | ||
| Preferred stock, value-Series APreferred Stock | - | 0 | ||
| Operating lease liability net of current portion | 63,057 | 73,741 | ||
| Preferred stock, value | - | 0 | ||
| Total liabilities | 6,989,989 | 5,986,789 | ||
| Common stock, 0.0001 par value, 50,000,000 shares authorized, 8,780,749 and 2,289,930 shares issued, 8,768,132 and 2,277,313 shares outstanding at september 30, 2025 and december 31, 2024, respectively | 877 | 837 | ||
| Treasury stock, at cost, 12,617 shares at september 30, 2025 and december 31, 2024 | 109,988 | 109,988 | ||
| Additional paid-in capital | 78,330,384 | 77,548,548 | ||
| Common stock to be issued | - | 748,001 | ||
| Accumulated deficit | -72,963,139 | -71,788,119 | ||
| Total stockholders equity | 5,258,134 | 6,399,279 | ||
| Total liabilities and stockholders equity | 12,248,123 | 12,386,068 | ||
OLB GROUP, INC. (OLB)
OLB GROUP, INC. (OLB)