$HBUV

Hubilu Venture Corp

CIK:0001639068|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
Income Statement [Abstract]
Rental revenue	$ 504,556	$ 576,427	$ 1,098,294	$ 959,939
Operating expenses:
General and administrative	55,163	98,716	105,689	157,989
Salaries and benefits	19,650	19,075	36,150	34,675
Utilities	7,324	12,157	22,542	21,433
Professional fees	29,305	37,567	55,088	72,791
Property taxes	85,699	73,960	159,587	120,560
Repairs and maintenance	146,613	47,990	234,700	155,982
Depreciation	73,596	64,794	147,088	126,539
Total operating expenses	417,350	354,259	760,844	689,969
Net operating income	87,206	222,168	337,450	269,970
Other income (expense):
Consulting Income		13,100		13,100
Interest income		249		356
Interest expense	(373,094)	(362,380)	(769,097)	(716,222)
Dividends expense	(6,487)	(6,469)	(12,903)	(12,867)
Gain/(Loss) on early extinguishment of debt			(20,002)	(10,229)
Other Income		1,990		1,990
Total other income (expense)	(379,581)	(353,510)	(802,002)	(723,872)
Net Income/(loss)	$ (292,375)	$ (131,342)	$ (464,552)	$ (453,902)
Weighted average common shares outstanding - basic	26,237,125	26,237,125	26,237,125	26,237,125
Weighted average common shares outstanding - diluted	26,237,125	26,237,125	26,237,125	26,237,125
Net loss per common share - basic	$ (0.01)	$ (0.01)	$ (0.02)	$ (0.02)
Net loss per common share - diluted	$ (0.01)	$ (0.01)	$ (0.02)	$ (0.02)

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (464,552)	$ (453,902)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation	147,088	126,539
Imputed interest	29,962	44,393
Cumulative preferred stock dividends payable	12,903	12,867
Amortization of debt discounts	12,791	16,588
Loss on early extinguishment of debt	20,002	10,229
Decrease (increase) in current assets:
Accounts receivable	33,082	(9,889)
Prepaid expenses	8,330
Security deposits	6,600
Increase (decrease) in current liabilities:
Accounts payable	19,680	34,376
Advanced rents received	(19,612)	(3,265)
Accrued expenses	102,286	56,741
Security deposits payable	9,470	96,643
Net cash provided by operating activities	(81,970)	(68,680)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property and equipment	(17,857)	(476,339)
Net cash used in investing activities	(17,857)	(476,339)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds received from mortgages payable	463,088	697,105
Repayments on mortgages payable	(306,628)	(115,003)
Net cash provided by (used in) financing activities	156,460	582,102
NET CHANGE IN CASH	56,633	37,083
CASH AT BEGINNING OF PERIOD	52,071	9,799
CASH AT END OF PERIOD	108,704	46,882
SUPPLEMENTAL INFORMATION:
Interest paid	$ 624,058	603,482
Non-cash investing and financing transactions:
Acquisition of properties financed with debt		$ 1,032,000

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash	$ 108,704	$ 52,071
Accounts receivable	31,096	64,178
Prepaid Expenses		8,330
Total current assets	139,800	124,579
Real estate:
Land	15,889,273	15,889,273
Building and capital improvements	8,756,588	8,738,731
Less: accumulated depreciation	(1,371,901)	(1,224,813)
Total real estate, net	23,273,960	23,403,191
Security deposits		6,600
Total assets	23,413,760	23,534,370
Current liabilities:
Accounts payable	54,335	34,655
Advanced rents received	20,577	40,189
Accrued interest	359,515	257,229
Security deposits payable	207,038	197,568
Due to related party, current maturities	474,271	474,271
Mortgages payable, net of debt discounts, current maturities	256,374	1,326,091
Dividends payable	244,352	231,449
Total current liabilities	1,616,462	2,561,452
Convertible preferred stock payable	520,400	520,400
Total liabilities	25,625,996	25,312,016
Stockholders’ equity (deficit):
Common stock, $0.001 par value, 100,000,000 shares authorized, 26,237,125 shares issued and outstanding	26,237	26,237
Additional paid-in capital	1,084,661	1,054,699
Accumulated deficit	(3,323,134)	(2,858,582)
Total stockholders’ equity (deficit)	(2,212,236)	(1,777,646)
Total liabilities and stockholders’ equity (deficit)	23,413,760	23,534,370
Related Party [Member]
Current liabilities:
Mortgages payable, net of debt discounts	849,594	1,017,094
Nonrelated Party [Member]
Current liabilities:
Mortgages payable, net of debt discounts	$ 22,639,540	$ 21,213,070