$TGNT

SOURCE FINANCIAL, INC.

CIK:0000846377|SEC Filings

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
Revenue	$ 0	$ 0	$ 0	$ 0
Cost of revenue	0	0	0	0
Gross profit	0	0	0	0
Operating expenses:
Consulting expenses	0	10,000	59,469	15,536
Personnel expenses	0	30,000	0	30,000
Professional fees	24,395	35,950	50,645	70,990
General and administrative	14,876	28,555	35,270	66,002
Total operating expenses	39,271	104,505	145,384	182,528
Net operating loss	(39,271)	(104,505)	(145,384)	(182,528)
Other income (expense)
Interest expense	(16,607)	(17,115)	(34,071)	(30,907)
Gain on change in fair value of derivative liability	42,104	66,848	57,591	11,512
Loss on disposal of assets	0	0	0	(18,327)
Total other income (expense), net	25,497	49,733	23,520	(37,722)
Loss before income taxes	(13,774)	(54,772)	(121,864)	(220,250)
Provision for income tax	0	0	0	0
Net loss	(13,774)	(54,772)	(121,864)	(220,250)
Deemed contribution	0	0	0	(153,222)
Net loss available to common shareholders	$ (13,774)	$ (54,772)	$ (121,864)	$ (373,472)
Loss per share - basic and diluted	$ (0.00)	$ (0.00)	$ (0.00)	$ (0.00)
Weighted average shares outstanding - basic and diluted	355,757,091	211,101,313	284,679,202	211,101,313

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (121,864)	$ (220,250)
Adjustment to reconcile net loss to net cash used in operating activities:
Depreciation expense	3,335	9,821
Stock issued for services	54,469	0
Gain on change in fair value of derivative liabilities	(57,591)	(11,512)
Loss on disposal of assets	0	18,327
Changes in Operating Assets and Liabilities:
Prepaid expense	3,731	5,440
Accounts payable	6,699	(7,000)
Accrued interest	34,071	30,907
Net change in cash due to operating activities	(77,150)	(174,267)
CASH FLOWS FROM INVESTING ACTIVITIES
Expenditures for capitalized software	(13,475)	(15,235)
Net change in cash due to investing activities	(13,475)	(15,235)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from issuance of convertible notes payable	0	230,000
Proceeds from issuance of notes payable	86,527	0
Advances received from related parties	3,117	0
Repayments to related party	(3,043)	0
Net change in cash due to financing activities	86,601	230,000
Net (Decrease) Increase in Cash	(4,024)	40,498
Cash - Beginning of the Period	4,689	22,128
Cash - End of the Period	665	62,626
Supplemental Disclosures of Cash Flows
Cash paid for Interest	0	0
Cash paid for income taxes	0	0
Supplemental Disclosures of Non-Cash Investing and Financing Activities:
Conversion of Series D Preferred Stock into Common Stock	$ 148,812	$ 0
Conversion of convertible notes payable and accrued interest	240,059	0

CONSOLIDATED BALANCE SHEETS - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Current assets
Cash	$ 665	$ 4,689
Prepaid expenses	1,276	5,007
Total current assets	1,941	9,696
Property and equipment, net	29,719	33,053
Capitalized software	177,193	163,718
Total assets	208,853	206,467
Current liabilities
Accounts payable	6,699	0
Accrued compensation	190,900	0
Accrued compensation, related parties	805,298	996,198
Accrued interest	176,760	190,648
Due to related party	75	0
Convertible notes payable, in default	811,335	911,335
Notes payable	93,486	6,959
Derivative liability	115,903	265,594
Total current liabilities	2,200,456	2,370,734
Total liabilities	2,200,456	2,370,734
Stockholders' deficit
Common stock, $0.001 par value; authorized - 500,000,000 shares; issued and outstanding - 382,091,775 and 213,601,313 shares as of June 30, 2026 and December 31, 2025, respectively	382,091	213,601
Shares to be issued	5,479	8,663
Additional paid-in capital	299,044	168,334
Accumulated deficit	(2,682,495)	(2,560,631)
Total stockholders' deficit	(1,991,603)	(2,164,267)
Total liabilities and stockholders' deficit	208,853	206,467
Series D Preferred Stock [Member]
Stockholders' deficit
Preferred stock, value	$ 4,278	$ 5,766