$BTLN

Brightline Interactive, Inc./NV

CIK:0001854445|SEC Filings

Consolidated Statements of Operations - USD ($)	12 Months Ended
Consolidated Statements of Operations - USD ($)	Jun. 30, 2026	Jun. 30, 2025
Revenue
Total revenue	$ 322,979	$ 5,266,686
Cost of goods sold	137,609	2,055,329
Gross profit	185,370	3,211,357
Operating expenses:
Research and development expenses	2,328,966	1,104,004
General and administrative expenses	2,300,930	2,020,146
Sales and marketing expenses	527,100	1,066,831
Amortization of acquisition intangible assets	24,445	293,333
Goodwill impairment	10,557,600
Change in fair value of acquisition contingent consideration	16,417	138,126
Total operating expenses	15,755,458	4,622,440
Loss from continuing operations before discontinued operations and other income	(15,570,088)	(1,411,083)
Loss from discontinued operations	(1,208,953)	(1,331,251)
Other income:
Interest income	144,055	189,683
Net loss	$ (16,634,986)	$ (2,552,651)
Basic net loss per share	$ (6.33)	$ (1.04)
Diluted net loss per share	$ (6.33)	$ (1.04)
Weighted-average common shares used to compute basic net loss per share	2,643,559	2,454,171
Weighted-average common shares used to compute diluted net loss per share	2,643,559	2,454,171
Software Services [Member]
Revenue
Total revenue	$ 255,726	$ 5,237,444
Software License [Member]
Revenue
Total revenue		1,542
Royalty Income [Member]
Revenue
Total revenue	$ 67,253	$ 27,700

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
Consolidated Statements of Cash Flows - USD ($)	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net loss	$ (16,634,986)	$ (2,552,651)
Less: Net loss from discontinued operations	(1,208,953)	(1,331,251)
Net loss from continuing operations	(15,426,033)	(1,221,400)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization and depreciation	52,810	354,750
Stock option based compensation for employees and board of directors	740,709	622,063
Acquisition contingent consideration fair value adjustment	16,417	138,126
Goodwill impairment	10,557,600
Adjustment to operating lease right-of-use assets and liabilities	901	34,469
Changes in operating assets and liabilities:
Accounts receivable	(57,503)	130,160
Deferred costs	42,153	62,551
Prepaid expenses and other current assets	(56,355)	11,871
Other assets		(11,364)
Accounts payable	(4,564)	(66,159)
Accrued liabilities	257,687	130,325
Deferred revenue	6,961	(1,034)
Net cash (used in) provided by operating activities from continuing operations	(3,869,217)	184,358
Net cash used in operating activities from discontinued operations	(419,813)	(458,132)
Net cash used in operating activities	(4,289,030)	(273,774)
Cash flow from investing activities:
Purchase of equipment	(24,773)	(21,672)
Payment of contingent consideration for acquisition	(1,500,000)	(1,500,000)
Cash used in investing activities from continuing operations	(1,524,773)	(1,521,672)
Cash provided (used) by investing activities from discontinued operations	200,000	(20,836)
Net cash used in investing activities	(1,324,773)	(1,542,508)
Cash flows provided by financing activities:
Notes receivable repayments (issuance), net	160,600	(160,600)
Proceeds from securities purchase agreement, net	1,767,811	6,785,552
Proceeds from exercise of warrants		175,760
Net cash provided by financing activities	1,928,411	6,800,712
Net change in cash and cash equivalents	(3,685,392)	4,984,430
Cash and cash equivalents - continuing operations, beginning of period	6,832,725	1,797,080
Cash and cash equivalents - discontinued operations, beginning of period		51,215
Cash and cash equivalents, beginning of period	6,832,725	1,848,295
Cash and cash equivalents, end of period	$ 3,147,333	$ 6,832,725

Consolidated Balance Sheets - USD ($)	Jun. 30, 2026	Jun. 30, 2025
ASSETS
Cash and cash equivalents	$ 3,147,333	$ 6,832,725
Accounts receivable	57,503
Deferred costs		42,153
Notes receivable		160,600
Prepaid expenses and other current assets	209,375	153,020
Other current assets of discontinued operations	100,917	984,159
Total current assets	3,515,128	8,172,657
Equipment, net	36,226	39,821
Right-of-use assets, net	119,891	107,303
Intangible assets, net		24,447
Goodwill		10,557,600
Other assets	10,100	10,100
Assets of discontinued operations	5,557	367,138
Total assets	3,686,902	19,279,066
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable	38,480	43,044
Accrued liabilities	183,871	166,184
Deferred revenue	6,961
Lease liabilities, current portion	119,892	116,641
Contingent consideration for acquisitions		1,483,583
Other current liabilities of discontinued operations	231,576	529,020
Total current liabilities	780,780	2,338,472
Long term liabilities
Liabilities of discontinued operations		4,704
Total liabilities	780,780	2,343,176
Commitments and contingencies
Stockholders’ Equity
Preferred Stock, par value $0.001 per share, 20,000,000 shares authorized; 0 shares issued and outstanding
Common Stock, par value $0.001 per share, 37,500,000 shares authorized; 2,712,351 and 2,631,938 issued and outstanding, respectively	2,712	2,632
Additional paid-in capital	85,130,320	82,525,182
Accumulated deficit	(82,226,910)	(65,591,924)
Total stockholders’ equity	2,906,122	16,935,890
Total liabilities and stockholders’ equity	3,686,902	19,279,066
Related Party [Member]
LIABILITIES AND STOCKHOLDERS’ EQUITY
Due to related party	$ 200,000