Blue Line Holdings Inc. is a development-stage industrial company focused on licensed functional beverages and reported no revenue for the three or nine months ended March 31, 2026. The company posted a net loss of $16,681 for the quarter and $65,109 for the nine-month period.
As of March 31, 2026, Blue Line held $7,682 in cash, total assets of $16,782, and total liabilities of $84,197, resulting in a stockholders’ deficit of $67,415 and an accumulated deficit of $180,115. The company funded operations mainly through $59,000 of promissory notes, including $50,000 due June 30, 2026, for which 100,000 shares were issued as consideration.
Management discloses substantial doubt about Blue Line’s ability to continue as a going concern due to recurring losses, limited financial resources, and dependence on raising additional equity or debt. Internal controls over financial reporting were deemed not effective, with material weaknesses including lack of segregation of duties and the potential for management override of controls.
Blue Line Holdings Inc. filed its quarterly report for the period ended December 31, 2025, showing it remains a pre-revenue, development-stage company focused on licensing and distributing CocoLove flavored water in France.
The company generated no revenue and recorded a net loss of $38,312 for the quarter and $48,428 for the six months. Cash was $15,713 against total liabilities of $82,422, including $59,000 of promissory notes, and stockholders’ deficit widened to $50,734. Management disclosed substantial doubt about the company’s ability to continue as a going concern and plans to rely on additional equity or debt financing while estimating it will need about $100,000 for CocoLove marketing and $50,000 for new licenses over the next year. Disclosure controls were deemed ineffective due to limited staff and segregation-of-duties weaknesses.
Blue Line Holdings, Inc. Chief Executive Officer Joseph C. Henn filed a Schedule 13D reporting control of the company’s common stock. He beneficially owns 5,100,000 shares, representing 50.4% of the outstanding common stock, giving him majority voting and dispositive power over these shares. The filing states that Mr. Henn used $5,100 of personal funds to acquire the stake by purchasing the shares owned by the company’s former CEO and director, effectively replacing that individual in both roles. The event triggering the filing occurred on 12/08/2025, and the Schedule 13D notes there are no additional contracts, arrangements, or understandings related to these securities beyond this transaction.
Blue Line Holdings, Inc. director, chief executive officer, and more than 10% owner Joseph C. Henn filed an initial ownership report on Form 3. The filing shows that he directly beneficially owns 5,100,000 shares of the company’s common stock. This position reflects his status as both a senior executive and a significant shareholder, aligning his financial interests closely with those of other stockholders.