FreeCast Inc-A 2026年季度报告

Form 10-Q For the quarterly period ended December 31, 2025 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 the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such 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 and every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant has been requiredto submit and post such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ There were 26,931,820 shares of Class A common stock outstanding as of March 27, 2026. There were 13,925,640 shares of Class B common stock outstanding as of March 27, 2026. TABLE OF CONTENTS PagePART I.FINANCIAL INFORMATION1Item 1.Condensed Financial Statements (unaudited)1Condensed Balance Sheets as of December 31, 2025 (unaudited), and June 30, 20251Condensed Statements of Operations for the three and six months ended December 31, 2025, and 2024(unaudited)2Condensed Statements of Stockholders’ Deficit for the three months and six months ended December 31, 2025,and 2024 (unaudited)3Condensed Statements of Cash Flows for the six months ended December 31, 2025, and 2024 (unaudited)4Notes to Condensed Financial Statements (unaudited)5Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations.22Item 3.Quantitative and Qualitative Disclosures About Market Risk.38Item 4.Controls and Procedures.38PART II.OTHER INFORMATION39Item 1.Legal Proceedings.39Item 1A.Risk Factors.39Item 2.Unregistered Sales of Equity Securities and Use of Proceeds.57Item 3.Defaults Upon Senior Securities.57Item 4.Mine Safety Disclosures.57Item 5.Other Information.57Item 6.Exhibits.58Signatures59 FREECAST, INC.UNAUDITED CONDENSED STATEMENTS OF OPERATIONS FREECAST, INC.UNAUDITED CONDENSED STATEMENTS OF STOCKHOLDERS’ DEFICITFOR THREE AND SIX MONTHS ENDED December 31, 2025, AND 2024 FREECAST, INC.UNAUDITED CONDENSED STATEMENTS OF CASH FLOWS FREECAST, INC.NOTES TO CONDENSED FINANCIAL STATEMENTSDECEMBER 31, 2025, and 2024(Unaudited) Note 1 – Organization and Description of Business FreeCast, Inc. (the “Company”) developed and markets an interactive digital media guide that facilitates access to a virtual library ofentertainment media. The Company is based in Orlando, Florida and was founded in 2011 as a Florida Corporation. The Company’sprimary products are SmartGuide and Select TV. Both SmartGuide and Select TV utilize the Company-designed proprietarytechnology that searches, and aggregates internet distributed streaming media into an electronic media guide. SmartGuide is licensableto brands/manufacturers of devices with large online user bases, while Select TV is a retail package that is sold by monthly and/orannual subscriptions. In addition to subscription and product revenues, the Company generates revenue from its ad platform and agency services. FreeCastis a technology-driven streaming entertainment aggregator offering a unified, à la carte service for TV entertainment through acomprehensive Platform-as-a-Service (PaaS) model. The Company also earns revenue from direct client service contracts formarketing and campaign execution, such as the Launch That agreement, which involves discovery, development, and test mediadistribution services. These ad-related and agency revenues are recognized as distinct revenue streams in accordance with AccountingStandards Codification (ASC) Topic 606,Revenue from Contracts with Customers(“ASC 606”). Additionally, we provide Free Ad-Supported Streaming TV (“FAST”) channel buildouts which include post-production editing, motiongraphic channel assembly and content acquisitions. We have aggregated over 500 FAST channels, which now provide materialoperations to the Company. We charge the customers based on time incurred for the services plus a reasonable margin in addition toany additional out of pocket cost incurred that is charged at cost to us. In addition, we split the advertising revenue.