$CRTD

Great Plains Holdings, Inc.

CIK:0001357671|SEC Filings

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Net revenue	$ 173,941	$ 196,946	$ 377,668	$ 488,830
Cost of revenue	31,987	47,768	33,416	87,744
Gross margin	141,954	149,178	344,252	401,086
Operating expenses
Stock based compensation	1,440,160	2,360,259	12,748,152	3,310,183
General and administrative	643,864	19,808	1,360,269	710,997
Marketing	12,525	65,869	118,997	107,332
Compensation	355,384	293,279	726,192	822,601
Research and development	(19,427)	0	21,798	0
Total operating expenses	2,432,506	2,739,215	14,975,408	4,951,113
Loss from operations	(2,290,552)	(2,590,037)	(14,631,156)	(4,550,027)
Other (expenses) income
Change in derivative liability	368,860	0	639,644	0
Other income	72	880,044	2,947	1,068,704
Gain on settlement of liabilities	950,408	421,748	948,031	527,353
Interest income (expense), net	119,788	(60,022)	104,227	(128,117)
Unrealized (loss) gain on marketable securities	(1,105,838)	(21,558)	(1,261,526)	36,461
Realized loss on marketable securities	(1,824)	0	(1,824)	0
Accretion of debt discount and issuance cost	(523,598)	(13,246)	(1,727,449)	(48,775)
Gain on extinguishment of debt	0	0	0	9,238
Other (expenses) income, net	(192,132)	1,206,966	(1,295,950)	1,464,864
Loss before income tax provision	(2,482,684)	(1,383,071)	(15,927,106)	(3,085,163)
Income tax provision	0	0	0	0
Net loss from continuing operations	(2,482,684)	(1,383,071)	(15,927,106)	(3,085,163)
Net loss from discontinued operations	0	(89,410)	(1,379,339)	(426,993)
Net loss	(2,482,684)	(1,472,481)	(17,306,445)	(3,512,156)
Net loss attributable to noncontrolling interest	2,602	(134,472)	(398,973)	(169,550)
Net loss attributable to Creatd, Inc.	(2,485,286)	(1,338,009)	(16,907,472)	(3,342,606)
Deemed dividend	384,700	51,673	384,700	1,363,254
Net loss attributable to Creatd, Inc. common stockholders	(2,869,986)	(1,389,682)	(17,292,172)	(4,705,860)
Comprehensive loss
Net loss	(2,482,684)	(1,472,481)	(17,306,445)	(3,512,156)
Currency translation loss	0	0	0	(358)
Comprehensive loss	$ (2,482,684)	$ (1,472,481)	$ (17,306,445)	$ (3,512,514)
Per-share data
Basic loss per share from continuing operations (in dollars per share)	$ (2.95)	$ (2.55)	$ (19.85)	$ (6.64)
Diluted loss per share from continuing operations (in dollars per share)	(2.95)	(2.55)	(19.85)	(6.64)
Basic loss per share from discontinued operations (in dollars per share)	0	(0.16)	(1.72)	(0.92)
Diluted loss per share from discontinued operations (in dollars per share)	$ 0	$ (0.16)	$ (1.72)	$ (0.92)
Weighted average number of common shares outstanding from continuing operations, basic (in shares)	840,363	542,546	802,205	464,532
Weighted average number of common shares outstanding from continuing operations, diluted (in shares)	840,363	542,546	802,205	464,532
Weighted average number of common shares outstanding from discontinued operations, basic (in shares)	840,363	542,546	802,205	464,532
Weighted average number of common shares outstanding from discontinued operations, diluted (in shares)	840,363	542,546	802,205	464,532

Condensed Consolidated Statements of Cash Flows - USD ($)	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities
Net income (loss) for the period	$ (17,306,445)	$ (3,512,156)
Adjustments to reconcile net loss to cash for operating activities
Depreciation and amortization	8,519	27,085
Accretion of debt discount and issuance cost	1,727,449	48,775
Stock based compensation	12,748,152	3,310,183
Unrealized gain on marketable securities	1,261,526	(36,461)
Change in fair value of derivative liability	(639,644)	0
Loss from discontinued operations	466,499	0
Loss on disposal of discontinued operations	912,840	0
Gain on extinguishment of debt	0	(9,238)
Amortization of right of use asset	417	22,277
Amortization of discount on note receivable	(127,604)	0
Gain on settlement of liabilities	(948,031)	(518,115)
Changes in operating assets and liabilities (net of acquired amounts):
Accounts receivable	(21,250)	(41,125)
Prepaid expenses and other current assets	102,793	(2,000)
Deposits and other assets	0	29,053
Accounts payable and accrued liabilities	(516,125)	32,158
Deferred revenue	(33,624)	(29,257)
Net cash used in operating activities	(2,364,528)	(678,821)
Cash flows from investing activities:
Cash received from sale of interest in Flyte, Inc.	0	100,000
Purchases of marketable securities	(19,636)	0
Proceeds from sales of marketable securities	79,170	0
Cash received in consideration for disposal of business, net of cash divested	993,332	0
Purchases of property and equipment	(176,343)	0
Collections on note receivable	1,500,000	0
Net cash provided by investing activities	2,376,523	100,000
Cash flows from financing activities:
Proceeds from issuance of notes payable and warrants	164,500	153,054
Proceeds from issuance of convertible notes	300,000	0
Proceeds from issuance of preferred stock	0	1,231,000
Proceeds from issuance of common stock	0	278,138
Repayment of notes payable	(177,064)	(84,457)
Repayment of convertible notes	0	(10,760)
Purchase of noncontrolling interest	(185,691)	0
Principal payments on finance lease liabilities	(379)	0
Net cash provided by financing activities	101,366	1,566,975
Effect of exchange rate changes on cash	0	(358)
Net increase in cash and cash equivalents	113,361	987,796
Cash and cash equivalents at beginning of period	221,742	15,490
Cash and cash equivalents at end of period	335,103	1,003,286
Supplemental disclosure of cash flow information:
Cash paid for interest	39,821	20,097
Cash paid for income taxes	0	0
Supplemental disclosure of non-cash investing and financing activities:
Stock issued for acqusition of business	0	14,072,253
Goodwill recognized in acquisition of business	0	8,087,902
Intangible assets recognized in acqusition of business	0	7,821,867
Shares issued with debt	0	2,122
Warrants issued with debt	0	12,046
Stock paid for marketable securities	0	16,257
Stock paid for minority investments	0	839,500
Non-cash settlement of liabilities	0	9,198
Deemed dividend	384,700	1,363,254
Preferred stock receivable in consideration for disposal of business	5,614,086	0
Promissory Note Receivable issued in consideration for disposal of business	4,787,469	0
Liabilities assumed as consideration for disposal of business	239,446	0
Debt discount recorded on issuance of convertible note from equity classified warrants	238,170	0
Day 1 bifurcation of embedded derivative on convertible note	61,830	0
Right-of-use assets obtained in exchange for new finance lease liabilities	$ 10,012	$ 0

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Current Assets
Cash	$ 335,103	$ 221,742
Accounts receivable, net	31,250	10,000
Marketable securities	4,545,009	251,983
Prepaid expenses and other current assets	112,334	260,921
Note receivable, net	3,415,073	0
Total Current Assets	8,438,769	744,646
Non-current Assets
Property and equipment, net	179,568	6,176
Intangible assets, net	22,475	28,043
Minority investment in businesses	1,172,832	1,172,832
Finance lease right of use asset, net	9,595	0
Total Non-current Assets	1,384,470	1,207,051
Assets of discontinued operations (Note 11)	0	16,190,250
Total Assets	9,823,239	18,141,947
Current Liabilities
Accounts payable and accrued liabilities	3,967,120	5,285,765
Convertible notes, net of debt discount and issuance costs	2,079,932	383,374
Current portion of finance lease payable	4,796	0
Note payable, net of debt discount and issuance costs	94,256	106,819
Deferred revenue	85,238	118,862
Derivative liability	1,090,224	1,668,038
Total Current Liabilities	7,321,566	7,562,858
Non-current Liabilities:
Note payable	24,454	14,311
Finance lease payable	4,837	0
Total Non-current Liabilities	29,291	14,311
Total Liabilities	0	1,492,069
Total Liabilities	7,350,857	9,069,238
Commitments and contingencies (Note 9)
Mezzanine Equity
Redeemable Preferred Stock in Vocal, Inc.	84,790	84,790
Stockholders' Equity (Deficit)
Common stock par value $0.001: 3,000,000,000 shares authorized; 1,347,212 issued and 1,347,203 outstanding and 757,792 issued and 757,783 outstanding as of June 30, 2026 and December 31, 2025, respectively.	1,348	759
Less: Treasury stock, 9 shares as of June 30, 2026 and December 31, 2025.	(78,456)	(78,456)
Additional paid in capital	280,202,708	266,973,016
Accumulated deficit	(280,218,490)	(262,926,318)
Accumulated other comprehensive loss	(298,405)	(298,405)
Total Creatd, Inc. Stockholders' (Deficit) Equity	(391,233)	3,670,658
Non-controlling interest in consolidated subsidiaries	2,778,825	5,317,261
Total Stockholders' Equity	2,387,592	8,987,919
Total Liabilities and Stockholders' Equity	9,823,239	18,141,947
Preferred Stock
Stockholders' Equity (Deficit)
Preferred stock
Series A preferred
Stockholders' Equity (Deficit)
Preferred stock	1	1
Series F preferred
Stockholders' Equity (Deficit)
Preferred stock	2	2
Series G preferred
Stockholders' Equity (Deficit)
Preferred stock	17	17
Series H preferred
Stockholders' Equity (Deficit)
Preferred stock	4	4
Series I preferred
Stockholders' Equity (Deficit)
Preferred stock	$ 38	$ 38