BLACKSTAR ENTERPRISE GROUP, INC. Annual Report - How They Did This Year

Alright, let's break down how BLACKSTAR ENTERPRISE GROUP, INC. performed for the year ending December 31, 2024.

What They Do: BlackStar Enterprise Group, Inc. is based in Boulder, Colorado, and primarily focuses on Merchant Banking and Finance in the United States. This involves helping other businesses with their finances, often by investing in them or providing financial advice.

A New Venture: Blockchain Platform Since 2018, they've also been working on a blockchain-based software platform. This platform is designed to allow for the trading of electronic shares of their common stock. Their plan is to eventually license this technology to other publicly traded companies as a "Platform as a Service" (PaaS). While they're hoping to license it to an existing trading system, they are not planning to become one themselves right now. It's important to note that this platform isn't up and running or being used by anyone yet.

Money Matters (2024): For the year ended December 31, 2024, the company lost money, reporting net losses of $1,514,839. To keep operations going, they've been relying on selling shares, obtaining loans that can be converted into shares later, and private loans. Looking ahead, they plan to raise more money to fund their merchant banking operations and to expand their blockchain efforts.

Company Status:

• They are considered a "Smaller Reporting Company" and an "Emerging Growth Company" by the SEC. This means they have certain exemptions from reporting requirements, often because they're still growing and their annual gross revenue was less than $1.235 billion in 2024.
• As of December 31, 2024, the market value of their common shares held by regular investors (non-affiliates) was about $3.49 million.
• As of November 25, 2025, there were over 2.25 billion common shares outstanding.

What's Next? The company acknowledges risks ahead, including the uncertainty of becoming profitable, the need to secure more funding, and general operational risks. They are actively working to raise additional funds to support their core business and their new blockchain initiative.

---

Key Takeaways for Investors:

• Financial Performance: For 2024, BlackStar Enterprise Group reported a net loss of $1,514,839. They have been funding operations through share sales and various loans.
• Core Business: Their primary focus is Merchant Banking and Finance in the United States.
• New Initiative: They are developing a blockchain platform for trading electronic shares, with plans to license it as a PaaS. This platform is not yet operational or in use.
• Company Size & Funding: Classified as a "Smaller Reporting Company" and "Emerging Growth Company." The market value of non-affiliate shares was approximately $3.49 million as of December 31, 2024, with over 2.25 billion common shares outstanding as of November 25, 2025.
• Future Plans: The company intends to raise additional funds to support both its merchant banking activities and the blockchain initiative, while acknowledging inherent operational and profitability risks.