$GEDC

RealSource Residential, Inc

CIK:0001174891|SEC Filings

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Defined Benefit Plan Disclosure [Line Items]
Revenues
Operating Expenses
Professional fees	210,000	81,000	316,000	177,000
Equity-based compensation	315,000	(145,000)	637,000	(103,000)
General and administrative	15,000	12,000	16,000	13,000
Payroll and related expense	247,000	187,000	414,000	268,000
Amortization of gas reservation fee	160,000		160,000
Total operating expenses	947,000	135,000	1,543,000	355,000
Loss from operations	(947,000)	(135,000)	(1,543,000)	(355,000)
Other income (expenses)
Interest income	54,000	1,000	55,000	2,000
Abandoned project costs		(4,581,000)		(4,581,000)
Total other expenses	(488,000)	(4,710,000)	(702,000)	(4,731,000)
Loss before provision for income taxes	(1,435,000)	(4,845,000)	(2,245,000)	(5,086,000)
Provision for income taxes
Net loss	$ (1,435,000)	$ (4,845,000)	$ (2,245,000)	$ (5,086,000)
Net loss per share - Basic	$ (0.06)	$ (0.19)	$ (0.09)	$ (0.20)
Net loss per share - Diluted	$ (0.06)	$ (0.19)	$ (0.09)	$ (0.20)
Weighted Average common shares outstanding - Basic	25,730,540	25,730,540	25,730,540	25,730,540
Weighted Average common shares outstanding - Diluted	25,730,540	25,730,540	25,730,540	25,730,540
Nonrelated Party [Member]
Other income (expenses)
Financing costs	$ (54,000)	$ (55,000)	$ (108,000)	$ (77,000)
Related Party [Member]
Other income (expenses)
Financing costs	$ (488,000)	$ (75,000)	$ (649,000)	$ (75,000)

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended				6 Months Ended		12 Months Ended
	Jun. 30, 2026	Mar. 31, 2026	Jun. 30, 2025	Mar. 31, 2025	Jun. 30, 2026	Jun. 30, 2025	Dec. 31, 2025
Cash Flows From Operating Activities
Net loss	$ (1,435,000)	$ (810,000)	$ (4,845,000)	$ (241,000)	$ (2,245,000)	$ (5,086,000)
Adjustments to reconcile net loss to net cash used in operating activities:
Abandoned project cost			4,581,000			4,581,000
Amortization of note payable discounts					372,000	70,000
Amortization of debt issuance cost					27,000	26,000
Amortization of gas reservation fee	160,000				160,000
Fair value of equity-based compensation	315,000		(145,000)		637,000	(103,000)
Changes in operating assets and liabilities
Prepaid expenses and other current assets					(11,000)	(8,000)
Accounts payable and accrued expenses					295,000	293,000
Net cash used in operating activities					(765,000)	(227,000)
Cash Flows From Investing Activities
Purchase of gas reservation fee					(3,833,000)
Data center campus development cost						(464,000)
Net cash used in investing activities					(3,833,000)	(464,000)
Cash Flows From Financing Activities
Proceeds from the issuance of notes payable – related party					15,000,000	250,000
Proceeds from the issuance of convertible debentures						225,000
Cost for issuance of convertible debentures						(10,000)
Net cash provided by financing activities					15,000,000	465,000
Net increase (decrease) in cash and cash equivalents					10,402,000	(226,000)
Cash and cash equivalents, beginning of period		$ 287,000		$ 286,000	287,000	286,000	$ 286,000
Cash and cash equivalents, end of period	$ 10,689,000		$ 60,000		10,689,000	60,000	$ 287,000
Supplemental disclosure of cash flow information:
Cash paid for interest
Cash paid for income taxes
Non-cash investing and financing activities
Relative fair value of warrants issued with notes payable – related party					2,166,000	157,000
Accrued expenses – project development cost						$ (165,000)

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Current assets
Cash and cash equivalents	$ 10,689,000	$ 287,000
Prepaid and other current expenses	19,000	8,000
Total current assets	10,708,000	295,000
Other assets	3,673,000
Total assets	14,381,000	295,000
Current liabilities
Accounts payable and accrued expenses	990,000	775,000
Convertible debentures, net	1,608,000	1,581,000
Total current liabilities	2,598,000	3,095,000
Total liabilities	16,623,000	3,095,000
Stockholders’ deficit
Preferred stock value
Common stock par value $0.001: 100,000,000 shares authorized; 25,730,540 and 25,730,540 shares issued and outstanding	26,000	26,000
Additional paid-in capital	38,346,000	35,543,000
Stock subscription receivable	(1,000)	(1,000)
Accumulated deficit	(40,613,000)	(38,368,000)
Total stockholders’ deficit	(2,242,000)	(2,800,000)
Total liabilities and stockholders’ deficit	14,381,000	295,000
Series A Convertible Preferred Stock [Member]
Stockholders’ deficit
Preferred stock value
Related Party [Member]
Current liabilities
Notes payable – related party, net of discount		739,000
Notes payable – related party, net of discount	$ 14,025,000