20 unchanged sentences
Our management, which currently consists of Mr.
−Removed: Jones, acting as our Chief Executive Officer and Chief Financial Officer, has evaluated any change in our internal control over financial reporting that occurred during the quarter ended December 31, 2024 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting, and has determined there to be no reportable changes.
+Added: Jones, acting as our Chief Executive Officer and Chief Financial Officer, has evaluated any change in our internal control over financial reporting that occurred during the year ended December 31, 2025 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting, and has determined there to be no reportable changes.
OTHER INFORMATION
19 unchanged sentences
Jones was a founder of Fairwood and is currently a material Delfin stockholder.
−Removed: He was also a founding stockholder in Marc Rich + Co A.G., Switzerland, now known as Glencore Plc.
+Added: He was also a founding stockholder in Marc Rich + Co A.G., Switzerland, now known as Glencore Plc, a multinational commodity trading and mining company.
Jones will serve as a director until the next annual meeting of stockholders of the Company and until his successor is duly elected and qualified or until his earlier death, resignation or removal.
7 unchanged sentences
Requests should be made in writing and directed to the Company at the following address:
−Removed: 609 Main Street, Suite 2500, Houston, TX 77002, Attention:
+Added: 25 West Cedar Street, Suite 215 Pensacola, FL 32502, Attention:
Frederick Jones.
26 unchanged sentences
If we do, we may tell the other stockholders what we think of the proposal, and how we intend to use our discretionary authority to vote on the proposal.
−Removed: All proposals should be made in writing and sent via registered, certified or express mail, to our executive offices, 609 Main Street, Suite 2500, Houston, TX 77002 Attention:
+Added: All proposals should be made in writing and sent via registered, certified or express mail, to our executive offices, 25 West Cedar Street, Suite 215 Pensacola, FL 32502 Attention:
Frederick Jones.
1 unchanged sentence
Any stockholder who wishes to send communications to the Board should mail them addressed to the intended recipient by name or position in care of:
−Removed: theglobe.com, inc., 609 Main Street, Suite 2500, Houston, TX 77002 Attention:
+Added: theglobe.com, inc., 25 West Cedar Street, Suite 215 Pensacola, FL 32502 Attention:
Frederick Jones.
31 unchanged sentences
All directors and executive officers as a group (1 person)
−Removed: 5% STOCKHOLDERS
+Added: MORE THAN 5% STOCKHOLDERS
Delfin Midstream Inc.(1)
6 unchanged sentences
The following is a summary of transactions, since December 31, 2018, to which we have been a party, in which the amount involved exceeded the lesser of $120,000 or 1% of the average of our total assets at December 31, 2025 and December 31, 2024, and in which any of our directors, executive officers, beneficial holders of more than 5% of our capital stock or certain other related persons had or will have a direct or indirect material interest.
−Removed: In March 2018, the Company executed a promissory note with Delfin for $50,000 (as amended and restated from time to time, the “Promissory Note”), which was amended and restated several times over the years and in November 2024 to $1,113,000, which was our balance at December 31, 2024.
+Added: In March 2018, the Company executed a promissory note with Delfin for $50,000 (as amended and restated from time to time, the “Promissory Note”), which was amended and restated several times over the years to $1,220,000, which was our balance at December 31, 2025.
The Promissory Note is used to pay certain accrued expenses, accounts payable and to allow the Company to have working capital.
12 unchanged sentences
PRINCIPAL ACCOUNTING FEES AND SERVICES
−Removed: The aggregate fees billed by Marcum LLP (“Marcum”), independent public accountants, for professional services rendered for the audit of our annual financial statements during 2024 and 2023 and the reviews of the financial statements included in our Forms 10-Q and 10-K, as appropriate, were $46,350 for year ended December 31, 2024 and $38,043 for year ended December 31, 2023.
+Added: During our fiscal year ended December 31, 2025, we were billed by and paid Marcum LLP (“Marcum”) an aggregate of $20,696 in connection with the audit of our annual financial statements.
+Added: Additionally, we were billed by and paid CBIZ CPAs P.C.
+Added: (“CBIZ”) an aggregate of $21,770 for the reviews of our quarterly reports on Form 10-Q.
+Added: During our fiscal year ended December 31, 2024, we were billed by and paid Marcum an aggregate of $52,434 in connection with the audit of our annual financial statements and reviews of our quarterly reports on Form 10-Q.
Audit-Related Fees .
−Removed: During the last two fiscal years, Marcum did not provide the Company with any services that are reasonably related to the performance of the audit of our financial statements.
−Removed: The aggregate fees billed for tax services provided by Marcum in connection with tax compliance, tax consulting and tax planning services for the year ended 2024 was $1,000 and $721 for the year ended 2023 in connection with tax return preparation and filing.
+Added: During the last two fiscal years, CBIZ and Marcum did not provide the Company with any services that are reasonably related to the performance of the audit of our financial statements.
+Added: The aggregate fees billed for tax services provided by CBIZ in connection with tax compliance services for the year ended 2025 was $2,297 and $1,000 by Marcum for the year ended 2024 in connection with tax return preparation and filing.
All Other Fees .
−Removed: Except as described above, the Company had no other fees for services provided by Marcum during 2024 and 2023.
+Added: Except as described above, the Company had no other fees for services provided by CBIZ during 2025 and by Marcum during 2024.
Pre-Approval of Services by the External Auditor .
15 unchanged sentences
Form of Indemnification Agreement between the Company and each of its Directors and Executive Officers (incorporated by reference from our Form S-1 filed July 24, 1998 (Registration No.
−Removed: $1,113,000 Twentieth Amended and Restated Bridge Promissory Note dated November 2024 by and between Delfin Midstream LLC and the Company).
+Added: $1,256,000 Twenty-Fourth Amended and Restated Bridge Promissory Note dated January 10, 2026 by and between Delfin Midstream Inc.
+Added: and the Company).
Certification of the Chief Executive Officer and Chief Financial Officer pursuant to Rule 13a-14(a) and Rule 15d-14(a).*
8 unchanged sentences
*Filed herewith
+Added: **Furnished herewith
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
5 unchanged sentences
Officer, and sole Board member
+Added: (Principal Executive Officer, Principal Financial Officer)
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.