13 unchanged sentences
Opinion on the Financial Statements
−Removed: We have audited the accompanying balance sheet s of theglobe.com, Inc.
−Removed: (the “Company”) as of December 31, 2023 and 2022, the related statements of operations, stockholders’ equity (deficit) and cash flows for each of the two years in the period ended December 31, 2023, and the related notes (collectively referred to as the “financial statements”).
+Added: We have audited the accompanying balance sheets of theglobe.com, Inc (the “Company”) as of December 31, 2024 and 2023, the related statements of operations, stockholders’ equity (deficit) and cash flows for each of the two years in the period ended December 31, 2024, and the related notes (collectively referred to as the “financial statements”).
In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2024 and 2023, and the results of its operations and its cash flows for each of the two years in the period ended December 31, 2024, in conformity with accounting principles generally accepted in the United States of America.
7 unchanged sentences
These financial statements are the responsibility of the Company’s management.
−Removed: Our responsibility is to express an opinion on the Company’s financial statements based on our audits.
+Added: Our responsibility is to express an opinion on these financial statements based on our audits.
We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S.
8 unchanged sentences
Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements.
−Removed: We believe that our audits provides a reasonable basis for our opinion.
+Added: We believe that our audits provide a reasonable basis for our opinion.
Critical Audit Matters
−Removed: Critical audit matters are matters arising from the current-period audit of the financial statements that were communicated or required to be communicated to the audit committee and that (1) relate to accounts or disclosures that are material to the financial statements and (2) involved our especially challenging, subjective, or complex judgments.
+Added: Critical audit matters are matters arising from the current period audit of the financial statements that were communicated or required to be communicated to the audit committee and that:
+Added: (1) relate to accounts or disclosures that are material to the financial statements and (2) involved our especially challenging, subjective, or complex judgments.
We determined that there are no critical audit matters.
49 unchanged sentences
( 298,122,290 )
+Added: ( 1,086,768 )
Year Ended December 31, 2023
11 unchanged sentences
Cash Flows from Operating Activities:
−Removed: Adjustments to reconcile loss from operations to net cash flows used in operating activities:
+Added: Adjustments to reconcile net loss from operations to net cash flows used in operating activities:
Changes in operating assets and liabilities:
5 unchanged sentences
Borrowings on notes payable
−Removed: Net cash flows from financing activities
+Added: Net cash flows provided by financing activities
Net change in cash
47 unchanged sentences
Management anticipates continued funding from Delfin over the next twelve months as it determines the direction of the Company.
−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 October 2023 to $ 977,000 , which was our balance at December 31, 2023.
−Removed: In December 2023 management amended again to increase our borrowing to $ 1,027,000 , however cash was not received and recorded until January 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 and in November 2024 to $ 1,113,000 , which was our balance at December 31, 2024.
The Promissory Note is used to pay certain accrued expenses, accounts payable and to allow the Company to have working capital.
22 unchanged sentences
( 1,324,000 )
−Removed: ( 1,295,000 )
Total net deferred tax assets
7 unchanged sentences
(6) SUBSEQUENT EVENTS
−Removed: The Company’s management evaluated subsequent events through the time of the filing of this report on Form 10-K.
−Removed: The Company’s management is not aware of any significant events that occurred subsequent to the balance sheet date but prior to the filing of this report that would have a material impact on its financial statements, with the exceptional of additional funding received from Delfin of $ 50,000 on January 5, 2024.
−Removed: The Amended and Restated promissory note are attached as an exhibit.
+Added: Subsequent events have been evaluated through the date these financial statements have been issued.
+Added: The Company’s management is not aware of any significant events that occurred subsequent to the balance sheet date but prior to the filing of this report that would have a material impact on its financial statements.
CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE
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.