USBC, Inc. Annual Report - How They Did This Year

This report covers USBC, Inc.'s financial year from October 1, 2024, to September 30, 2025.

During this period, the company was quite active in managing its finances and capital structure. They've been involved with various types of financial arrangements:

• Convertible Preferred Stocks and Notes: These are special types of investments that can be turned into regular company shares later on. We saw activity with Series C, D, and H preferred stocks, as well as several convertible notes with partners like Diagonal Lending.
• Warrants: These give certain investors the right to buy company shares at a set price in the future.
• Securities Purchase and Subscription Agreements: The company entered into agreements to sell securities to various investors, including JVB Financial Group, Fifth Era LLC, and Goldeneye LLC, as well as through private placements.
• Promissory Notes: These are essentially loans the company has taken out, for example, with Diagonal Lending LLC and Goldeneye LLC.
• Employee Equity Plans: USBC, Inc. continued to use its 2021 Equity Incentive Plan, granting stock options and Restricted Stock Units (RSUs) to employees and directors like Mr. Chapman, Ms. Payne, and Vice Chair Linda Jenkinson.

The company has ongoing research and development efforts, and maintains leases for its operations, along with investments in furniture, fixtures, machinery, and equipment.

Even after the fiscal year ended on September 30, 2025, there were several "subsequent events" in October, November, and December 2025.