黑盒股票有限公司 2025年季度报告

UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C.20549 FORM10-Q (Mark One) ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the quarterly periodendedSeptember 30, 2025or☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the transition periodfromto Commission File No.001-41051 BLACKBOXSTOCKS INC.(Exact name of registrant as specified in its charter) Nevada45-3598066(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.) 5430 LBJ Freeway, Suite 1485,Dallas,Texas75240(Address of principal executive offices)(Zip Code) (972)726-9203(Registrant’s telephone number, including area code) (Former name, former address and former fiscal year if changed since last report) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of theSecurities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to filesuch reports), and (2) has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorterperiod that the registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, asmaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,”“smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Accelerated filer☐Smaller reporting company☒Emerging growth company☒ Large accelerated filer☐Non-accelerated filer☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transitionperiod for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the ExchangeAct.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ The number of shares outstanding of the registrant’s Common Stock as of October 15, 2025 was4,142,093. TABLE OF CONTENTS PageINTRODUCTORY COMMENT1CAUTION REGARDING FORWARD LOOKING STATEMENTS1 PARTI–FINANCIAL INFORMATION2Item 1.Financial Statements2Condensed Consolidated Balance Sheets as of September 30, 2025 and December 31, 2024 (Unaudited)2Condensed Consolidated Statements of Operations for the Three and Nine Months Ended September 30, 2025 and2024 (Unaudited)3Condensed Consolidated Statement of Stockholders’Equity for the Nine Months Ended September 30, 2025 and2024 (Unaudited)4Condensed Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2025 and 2024(Unaudited)5Notes to Condensed Consolidated Financial Statements6Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations11Item 3.Quantitative and Qualitative Disclosures About Market Risk15Item 4.Controls and Procedures15PARTII–OTHER INFORMATION16Item 1.Legal Proceedings16Item1A.Risk Factors16Item 2.Unregistered Sales of Equity Securities and Use of Proceeds16Item 3.Defaults Upon Senior Securities17Item 4.Mine Safety Disclosures17Item 5.Other Information17Item 6.Exhibits17 SIGNATURES18 Table of Contents INTRODUCTORY COMMENT Throughout this Quarterly Report on Form 10-Q, the terms “we,” “us,” “our,” “Blackboxstocks,” or the “Company” refers toBlackboxstocks Inc., a Nevada corporation. CAUTION REGARDING FORWARD-LOOKING STATEMENTS Our prospects are subject to uncertainties and risks. In this Quarterly Report on Form 10-Q (the “Report”), we make forward-looking statements that involve substantial uncertainties and risks. When used in this Report, the words “may,” “will,” “expect,”“anticipate,” “continue,” “estimate,” “intend,” and similar expressions are intended to identify forward-looking statements withinthe meaning of Section 27A of the Securities Act of 1933, as amended (the “Act”) and Section 21E of the Securities Exchange Actof 1934, as amended (the “Exchange Act”) regarding events, conditions and financial trends which may affect our future plans ofoperations, business strategy, operating results and financial position. Such statements are not guarantees of future performanceand are subject to risks and uncertainties described herein and actual results may differ materially from those included within theforward-looking statements. Additional factors are described in our other public reports and filings with the Securities andExchange Commission (the “SEC”). Readers are cautioned not to place undue reliance on these forward-looking statements,