Superstar Platforms Inc. filings document the company's public-reporting transition and annual-report compliance as the former Dinewise Inc. issuer. The Form 12b-25 notice relates to the Form 10-K for the year ended December 31, 2025 and records the registrant name, SEC file number, reporting form involved, and the company's stated need for additional time to complete and finalize the annual report.
Regulatory disclosures for DWIS focus on reporting status, required periodic-report timing, corporate identity, and the formal notices that accompany its move from OTC-company updates toward SEC reporting.
Superstar Platforms, Inc. reported a Q1 2026 net loss of $44,674, improving from a loss of $81,190 a year earlier, driven mainly by higher interest income of $153,478 on its loan portfolio. The company generated no operating revenue and remains pre‑commercial on its PawnTrust marketplace, which is in beta and targeted to go live in Q3 2026.
Total assets were $2,967,967, largely loans receivable of $2,604,239, against total liabilities of $4,284,420, resulting in a stockholders’ deficit of $1,316,453 and an accumulated deficit of $1,879,708. Notes payable totaled $2,685,670, and management recorded an allowance for credit losses equal to about 3% of outstanding loans while stating all loans were current and performing.
The company discloses substantial going concern uncertainty due to its deficits, dependence on external financing, and reliance on interest income. Management also concludes that disclosure controls and internal control over financial reporting were ineffective as of March 31, 2026, citing material weaknesses including inadequate segregation of duties and insufficient written policies, with remediation plans contingent on securing additional funding.
Superstar Platforms, Inc. filed an amended annual report for the year ended December 31, 2025 to correct several disclosure errors. The amendment clarifies that the Company generated no revenue in 2025 or 2024, with 2025 activity driven by lending-related interest income of $307,068 and a net loss of $335,366. As of December 31, 2025, total assets were $2,817,823, largely loans receivable, against total liabilities of $4,113,999, resulting in a stockholders’ deficit of $1,296,176. Notes payable were $2,674,670, and the auditor’s report and Note 2 highlight substantial doubt about the Company’s ability to continue as a going concern due to recurring losses, an accumulated deficit of $1,835,034, minimal cash, and the fact that the Company currently does not have a business operation while it develops its PawnTrust marketplace and pursues a lending-focused strategy.
Superstar Platforms, Inc., a Nevada-based technology holding company trading on OTC Markets as SPST, filed its annual report detailing a pre-revenue platform business and interest-based lending operations. The company owns and is developing PawnTrust, a mobile marketplace for roughly 11,000 U.S. pawn shops, while current revenue comes primarily from high-interest promissory notes.
For the year ended December 31, 2025, Superstar generated $307,068 of revenue and recorded a net loss of $335,366, increasing its accumulated deficit to $1,835,034. Total assets were $2,817,823, largely loans receivable, funded in part by $2,674,670 in notes payable bearing rates around 24%.
The report highlights substantial going concern risk due to negative operating cash flow, a working capital deficit and critically low cash, as well as an 11‑year gap in federal tax filings. Credit risk is elevated because loans are concentrated among a few borrowers, many unsecured, including related parties. As of late March 2026, 182,289,904 common shares were outstanding, with the CEO holding about 54.8%, and the stock continues to trade as a penny stock with limited liquidity and significant volatility.
Superstar Platforms Inc. is registering its common stock and explaining its shift into a technology-focused holding company built around PawnTrust, an online marketplace aimed at roughly 11,000 U.S. pawn shops. PawnTrust digitizes shop inventory, markets it nationally, and acts as an intermediary on borrowing, buying, and bartering transactions, earning a fee on each sale. The platform currently serves no pawnshops and plans to begin marketing to pawnshops in the second quarter of 2026, while recent revenue has come from interest on small business loans.
Financially, the company is in an early stage with minimal revenue and sustained losses. It reported revenue of $18,900 and a net loss of $81,190 for the three months ended March 31, 2025, after posting $0 revenue and a net loss of $164,014 for the year ended December 31, 2024. As of December 31, 2024, it had total assets of $54, working capital of $54, and an accumulated deficit of $1,499,668, and explicitly states that its cash position is critically deficient and raises substantial doubt about its ability to continue as a going concern.
The capital structure is highly concentrated and geared for potential future issuance. The company is authorized to issue 1,000,000,000 shares of common stock and 10,000 shares of preferred stock, with 180,147,046 common shares outstanding as of August 21, 2025. Of these, 100,000,000 shares, or about 55.5%, are held by CEO and director Christina Farr, giving insiders strong control. Shares trade on the OTC Pink market as a penny stock with low liquidity and significant trading and suitability risks. The company depends on related-party loans, including $307,674 outstanding from Michael Farr as of December 31, 2024, has not filed federal tax returns for the last 11 years, and highlights extensive operational, technological, regulatory, and market risks.
Superstar Platforms, Inc. (DWIS) filed its Q3 2025 10‑Q. The company reported interest income as it began lending to small businesses, earning $150,665 in Q3 and $248,986 for the nine months ended September 30, 2025. Q3 showed a modest net income of $46,368, but year‑to‑date results remained a net loss of $56,238.
Total assets rose to $2,785,148, driven by loan receivables of $2,511,083 and accrued interest of $248,986. Liabilities totaled $3,809,674, including notes payable of $2,590,000, resulting in a stockholders’ deficit of $(1,024,526). Cash increased to $25,079 from $54 at year‑end. Shares outstanding were 182,289,904 as of September 30, 2025.
The company disclosed “substantial doubt” about its ability to continue as a going concern and reported material weaknesses in internal control over financial reporting. During the quarter, DWIS issued 2,142,858 unregistered common shares for $150,000. Management states the PawnTrust marketplace is in beta, with launch planned for Q2/2026.
Superstar Platforms Inc. (DWIS) discloses mixed financial and corporate information in this filing. The company reported periodic revenues of $18,900 alongside multiple expense and profit line items showing volatility: operating expenses reported at $26,483 (another period at $164,014), and net profit figures including $58,410 and a loss of $164,014 in different periods. Reported profit per share figures range from $0.0003 to -$0.0010. Ownership blocks are listed (e.g., Convenient Gourmet Group LLC 12,196,216 shares, 6.77%; Melvin Farr, Jr. 12,000,000 shares, 6.66%; others at ~5.55–6.66%). The filing states management has decided to abandon its food service business model and will focus completely on funding for the pawn shop industry.
Superstar Platforms Inc. (DWIS) discloses mixed financial and corporate information in this filing. The company reported periodic revenues of $18,900 alongside multiple expense and profit line items showing volatility: operating expenses reported at $26,483 (another period at $164,014), and net profit figures including $58,410 and a loss of $164,014 in different periods. Reported profit per share figures range from $0.0003 to -$0.0010. Ownership blocks are listed (e.g., Convenient Gourmet Group LLC 12,196,216 shares, 6.77%; Melvin Farr, Jr. 12,000,000 shares, 6.66%; others at ~5.55–6.66%). The filing states management has decided to abandon its food service business model and will focus completely on funding for the pawn shop industry.
Superstar Platforms Inc. (DWIS) discloses mixed financial and corporate information in this filing. The company reported periodic revenues of $18,900 alongside multiple expense and profit line items showing volatility: operating expenses reported at $26,483 (another period at $164,014), and net profit figures including $58,410 and a loss of $164,014 in different periods. Reported profit per share figures range from $0.0003 to -$0.0010. Ownership blocks are listed (e.g., Convenient Gourmet Group LLC 12,196,216 shares, 6.77%; Melvin Farr, Jr. 12,000,000 shares, 6.66%; others at ~5.55–6.66%). The filing states management has decided to abandon its food service business model and will focus completely on funding for the pawn shop industry.
Superstar Platforms Inc. (DWIS) discloses mixed financial snapshots and a strategic shift in this filing. The company states it will abandon its current food service business model and will focus entirely on funding for the Pawn Shop industry. The filing contains multiple reported metric sets: one shows Revenue $116,393 versus $156,551 (a decline of $40,158) with Operating Expenses $26,483 versus $36,774 and Net profit $58,410 versus $119,777.
Elsewhere the filing shows Operating Expenses $164,014 versus $123,660 (an increase of $40,354) and Net profit -$164,014 versus -$123,660. The document lists principal shareholders, board members, and director compensation by quarter. The filing is fragmented and reports conflicting financial line items within the text.