Overview
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- TickerDWAY on OTC1
- IndustryServices-Educational Services1
- HeadquartersPhiladelphia, Pennsylvania1
- Incorporated inDE2
- Business address3401 Market Street, Suite 200/201, Philadelphia, Pa 191042
- Filer categoryNon-accelerated filer, Smaller reporting company2
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GAAP”). In this Annual Report, references to “$” and “dollars” are to United States dollars.3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue54¢$852.2K
- Research and development7¢$113.4K
- Interest39¢$619.2K
Out of $987.9K in revenue.4 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-09-30 | 2024-09-30 |
|---|---|---|
| Revenues | $987.9K | $461.0K |
| Cost of goods sold | $852.2K | $322.7K |
| Gross profit | $135.7K | $138.3K |
| Salaries and payroll taxes | $346.1K | $267.9K |
| Professional fees | $248.9K | $250.4K |
| General and administrative | $37.3K | $142.0K |
| Software development | $113.4K | $39.2K |
| Stock compensation | $258.5K | |
| Advertising and marketing | $6.8K | |
| Total operating expenses | $1.0M | $706.4K |
| Operating Loss | -$868.5K | -$568.2K |
| Change in fair value of derivative | -$2.9M | -$342.8K |
| Amortization debt discount | -$250.7K | -$393.9K |
| Amortization of deferred financing costs | -$237.0K | -$201.2K |
| Interest expense | -$619.2K | -$733.6K |
| Interest expense - related parties | -$8.5K | -$8.6K |
| Financing cost | -$25.0K | |
| Gain or (loss) on asset dispositions | -$16.2K | |
| Total other income (expense) | -$4.0M | -$1.7M |
| Net Income (loss) before taxes | -$4.9M | -$2.2M |
| Net Income (Loss) | -$4.9M | -$2.2M |
| Net loss per common share - basic and diluted | -$0 | -$0 |
| Weighted average of common shares - basic and diluted | 114.2M shares | 110.3M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 2 fiscal years (annual) or 2 quarters (quarterly), latest first.4
| Period ending | 2025-09-30 | 2024-09-30 |
|---|---|---|
| Cash and cash equivalents | $39.9K | $33.6K |
| Accounts receivable | $42.5K | $1.4K |
| Prepaid expenses | $3.0K | |
| Total Current Assets | $82.5K | $38.0K |
| Vehicles, net | $585.1K | $775.0K |
| Intangible assets, net | $899 | $6.3K |
| Deferred financing costs, net | $11.8K | $248.8K |
| TOTAL ASSETS | $680.3K | $1.1M |
| Accounts payable | $1.7M | $994.3K |
| Accrued interest - related party | $21.3K | $12.8K |
| Deferred revenue | $15.7K | $3.3K |
| Customer deposits | $1.3K | |
| Due to related parties | $26.4K | $25.1K |
| Short term notes payable | $150.3K | $38.2K |
| Current portion of SBA Loan | $2.5K | $2.5K |
| Promissory notes payable | $510.3K | |
| Promissory notes payable, in default | $20.0K | $20.0K |
| Promissory notes, payable - related parties, in default | $42.5K | $42.5K |
| Convertible notes payable, net, in default | $450.0K | $250.0K |
| Convertible notes payable, net | $1.7M | $1.6M |
| Derivative liability | $4.5M | $1.4M |
| Total Current Liabilities | $9.1M | $4.4M |
| SBA Loan - noncurrent | $111.8K | $114.4K |
| Promissory notes payable - noncurrent | $540.1K | |
| TOTAL LIABILITIES | $9.2M | $5.0M |
| Common stock , $0.0001 par value, 1,000,000,000 shares authorized, 120,025,082 shares issued, 120,009,982 outstanding as of September 30, 2025 and 113,701,722 shares issued, 113,686,622 outstanding as of September 30, 2024 | $12.0K | $11.4K |
| Additional paid in capital | $2.0M | $1.6M |
| Treasury stock , at cost - 15,100 shares at September 30, 2025 and September 30, 2024 | -$18.1K | -$18.1K |
| Accumulated deficit | -$10.5M | -$5.6M |
| Total Stockholders Deficit | -$8.5M | -$4.0M |
| TOTAL LIABILITIES AND STOCKHOLDERS DEFICIT | $680.3K | $1.1M |
| Preferred stock, par value | $0.00 | $0.00 |
| Preferred stock, authorized | 10.0M shares | 10.0M shares |
| Preferred stock, issued | 0 shares | 0 shares |
| Preferred stock, outstanding | 0 shares | 0 shares |
| Common Stock, Par or Stated Value Per Share | $0.00 | $0.00 |
| Common Stock, Shares Authorized | 1.0B shares | 1.0B shares |
| Common stock, issued | 120.0M shares | 113.7M shares |
| Common stock, outstanding | 120.0M shares | 113.7M shares |
| Treasury stock, shares | 15.1K shares | 15.1K shares |
| Period ending | 2025-09-30 | 2024-09-30 |
|---|---|---|
| Cash and cash equivalents | $39.9K | $33.6K |
| Accounts receivable | $42.5K | $1.4K |
| Prepaid expenses | $3.0K | |
| Total Current Assets | $82.5K | $38.0K |
| Vehicles, net | $585.1K | $775.0K |
| Intangible assets, net | $899 | $6.3K |
| Deferred financing costs, net | $11.8K | $248.8K |
| TOTAL ASSETS | $680.3K | $1.1M |
| Accounts payable | $1.7M | $994.3K |
| Accrued interest - related party | $21.3K | $12.8K |
| Deferred revenue | $15.7K | $3.3K |
| Customer deposits | $1.3K | |
| Due to related parties | $26.4K | $25.1K |
| Short term notes payable | $150.3K | $38.2K |
| Current portion of SBA Loan | $2.5K | $2.5K |
| Promissory notes payable | $510.3K | |
| Promissory notes payable, in default | $20.0K | $20.0K |
| Promissory notes, payable - related parties, in default | $42.5K | $42.5K |
| Convertible notes payable, net, in default | $450.0K | $250.0K |
| Convertible notes payable, net | $1.7M | $1.6M |
| Derivative liability | $4.5M | $1.4M |
| Total Current Liabilities | $9.1M | $4.4M |
| SBA Loan - noncurrent | $111.8K | $114.4K |
| Promissory notes payable - noncurrent | $540.1K | |
| TOTAL LIABILITIES | $9.2M | $5.0M |
| Common stock , $0.0001 par value, 1,000,000,000 shares authorized, 120,025,082 shares issued, 120,009,982 outstanding as of September 30, 2025 and 113,701,722 shares issued, 113,686,622 outstanding as of September 30, 2024 | $12.0K | $11.4K |
| Additional paid in capital | $2.0M | $1.6M |
| Treasury stock , at cost - 15,100 shares at September 30, 2025 and September 30, 2024 | -$18.1K | -$18.1K |
| Accumulated deficit | -$10.5M | -$5.6M |
| Total Stockholders Deficit | -$8.5M | -$4.0M |
| TOTAL LIABILITIES AND STOCKHOLDERS DEFICIT | $680.3K | $1.1M |
| Preferred stock, par value | $0.00 | $0.00 |
| Preferred stock, authorized | 10.0M shares | 10.0M shares |
| Preferred stock, issued | 0 shares | 0 shares |
| Preferred stock, outstanding | 0 shares | 0 shares |
| Common Stock, Par or Stated Value Per Share | $0.00 | $0.00 |
| Common Stock, Shares Authorized | 1.0B shares | 1.0B shares |
| Common stock, issued | 120.0M shares | 113.7M shares |
| Common stock, outstanding | 120.0M shares | 113.7M shares |
| Treasury stock, shares | 15.1K shares | 15.1K shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-09-30 | 2024-09-30 |
|---|---|---|
| Net Loss | -$4.9M | -$2.2M |
| Amortization of deferred financing costs | $237.0K | $201.2K |
| Stock compensation | $258.5K | |
| Loss on change in fair value of derivative liability | $2.9M | $342.8K |
| Loss on sale of vehicles | $16.2K | |
| Amortization and depreciation | $145.0K | $57.3K |
| Amortization of debt discount | $250.7K | $393.9K |
| Financing fee | $25.0K | |
| Discount on lines of credit | -$85.0K | |
| Additions to derivative liability | $686.1K | |
| Discount on notes payable | -$112.2K | |
| Prepaid expenses | $3.0K | -$3.0K |
| Accounts receivable | -$41.1K | $10.1K |
| Deferred revenue | $12.4K | -$3.9K |
| Accounts payable and accrued liabilities | $633.5K | $329.6K |
| Customer deposits | -$1.3K | -$895 |
| Accrued interest related party | $8.5K | $7.8K |
| Net Cash Used in Operating Activities | -$477.7K | -$424.4K |
| Proceeds from sale of vehicles | $171.4K | |
| Purchase of vehicles | -$137.3K | -$642.6K |
| Net Cash Provide By (Used) in Investing Activities | $34.1K | -$642.6K |
| Proceeds from related party advances | $1.3K | |
| Proceeds from sale of common stock for cash | $26.5K | $23.0K |
| Proceeds from convertible notes payable | $248.9K | |
| Proceeds from the sale of warrants | $50.0K | $100.0K |
| Proceeds from notes payable | $379.6K | $454.2K |
| Proceeds from lines of credit | $655.9K | |
| Repayment of notes payable | -$256.3K | -$155.7K |
| Net Cash Provided By Financing Activities | $449.9K | $1.1M |
| Net increase (decrease) in cash and cash equivalents | $6.3K | $10.4K |
| Cash paid for interest | $189.8K | |
| Common stock issued in connection with promissory note | $120.0K | |
| Financing cost | $25.0K | |
| Debt discount in connection with original issue discount | $302.2K | $28.0K |
| Deferred financing costs | $450.0K |
No quarter-by-quarter statement was filed.
Corporate structure
Driveitaway Holdings, Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Driveitaway Holdings, Inc.
- AJB Capital Investments LLC Filed SC 13G on Driveitaway Holdings, Inc., latest Jun 26, 2024
- Blake Furlow Filed SC 13D/A on Driveitaway Holdings, Inc., latest Sep 20, 2022
- Driveitaway Holdings, Inc. Philadelphia, Pennsylvania
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Driveitaway Holdings, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Accumulated depreciation | $30.6K4 Sep 30, 2025 | $556.0K6 Sep 30, 2021 | −94.5% |
| Property and equipment, net | $585.1K4 Sep 30, 2025 | $775.0K4 Sep 30, 2024 | −24.5% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $39.9K4 Sep 30, 2025 | $33.6K4 Sep 30, 2024 | +18.9% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Finite-lived intangibles, net | $8994 Sep 30, 2025 | $6.3K4 Sep 30, 2024 | −85.8% |
Properties, in its own words
On April 1, 2022, the Company leased virtual office space at 3201 Market Street, Suite 200/201, Philadelphia, PA 19104 for its corporate office. The lease had a term of one year and was renewed on a month-to-month basis until August 2024, when the office was closed. The Company is not obligated to pay rent.
Item 2 of the 10-K filed Jan 13, 2026.3
Leadership
Who has led Driveitaway Holdings, Inc., and when. Pick a name to see everywhere that person has worked.
Chief financial officer
Chief operating officer
- Chief executive officerJohn Francis Possumato Apr 29, 2022 to Jun 20, 202313
- Chief executive officerBart Jay Mitchell May 11, 2020 to May 11, 202014
- Chief executive officerRod K. Whiton Nov 21, 2016 to Nov 21, 201615
- PresidentBart Jay Mitchell May 11, 2020 to May 11, 202014
- PresidentKarla Kretsch May 16, 2017 to May 16, 201716
- PresidentBrian Pappas Sep 20, 2013 to Jun 22, 201517
- PresidentJohn Quam Nov 7, 2007 to Nov 7, 200718
- Chief financial officerChristian Miller Jul 15, 2016 to Jul 15, 201619
- Chief financial officerRichard Blaine Nickelson Sep 18, 2014 to Sep 18, 201420
- Chief operating officerAdam Joseph Potash Apr 4, 2022 to Jun 20, 202321
- Chief operating officerKarla Kretsch May 16, 2017 to May 16, 201722
Board members and other officers (20)
- ControllerRichard E. Alder Aug 4, 2015 to Aug 4, 201523
- Co-FounderMichelle Mary Cote Dec 5, 2014 to Dec 5, 201424
- Vice President of OperationsDaniel E. O'Donnell Oct 16, 2013 to Jun 22, 201525
- Board memberPaul Patrizio Mar 31, 2022 to Apr 29, 202226
- Board memberAdam Joseph Potash Apr 4, 2022 to Jun 20, 202321
- Board memberJohn Francis Possumato Apr 29, 2022 to Jun 20, 202313
- Board memberRichard Gery Zell Ii. Jan 7, 2021 to Jan 7, 202127
- Board memberChristopher Rego Feb 18, 2020 to Mar 15, 202228
- Board memberRod K. Whiton Feb 18, 2020 to May 27, 202029
- Board memberBlake Furlow Aug 22, 2017 to Nov 20, 201930
- Board memberBart Jay Mitchell Nov 2, 2017 to May 11, 202031
- Board memberGary L. Herman Dec 19, 2017 to Dec 19, 201732
- Board memberCharles Leo Grant Apr 9, 2015 to May 23, 201733
- Board memberJoseph J. Marucci Apr 14, 2015 to May 23, 201734
- Board memberMichael Gorin Aug 3, 2015 to May 19, 201735
- Board memberJoyann Kenny-Charlton Aug 4, 2015 to Feb 12, 202136
- Board memberBrian Pappas Sep 20, 2013 to Jun 22, 201517
- Board memberMichelle Mary Cote Sep 20, 2013 to Dec 5, 201437
- Board memberDaniel E. O'Donnell Oct 16, 2013 to Jun 22, 201525
- Board memberJohn Quam Nov 7, 2007 to Nov 7, 200718
Former names
Timeline
- Aug 18, 20268-K Other events38
- Nov 21, 20258-K Unregistered sale of shares39
- Feb 24, 20258-K Earlier financial statements no longer reliable40
- Nov 14, 20248-K Change of auditor41
- May 7, 20248-K Entered a material agreement; New debt or obligation; Unregistered sale of shares42
- Apr 3, 20248-K Executive or director change43
- May 15, 20238-K Executive or director change44
- Mar 7, 20238-K Entered a material agreement; New debt or obligation; Unregistered sale of shares45
- Feb 16, 20238-K Entered a material agreement; New debt or obligation; Unregistered sale of shares46
- Nov 21, 20228-K Entered a material agreement; New debt or obligation; Unregistered sale of shares47
- Nov 4, 20228-K Entered a material agreement; New debt or obligation; Unregistered sale of shares48
- Jul 8, 20228-K Financial statements and exhibits49
- Apr 29, 2022New chief executive John Francis Possumato becomes CEO13
- May 11, 2020New chief executive Bart Jay Mitchell becomes CEO14
- Nov 21, 2016New chief executive Rod K. Whiton becomes CEO15
Filings
74 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 17 major events, 12 insider forms, 2 large holders, 22 other. The latest 20:
- Aug 18, 20268-K EDGAR
- Aug 18, 202615-12G EDGAR
- Aug 14, 2026NT 10-Q EDGAR
- May 22, 202610-Q EDGAR
- May 15, 2026NT 10-Q EDGAR
- Feb 25, 202610-Q EDGAR
- Feb 17, 2026NT 10-Q EDGAR
- Jan 15, 202610-K/A EDGAR
- Jan 13, 202610-K EDGAR
- Dec 30, 2025NT 10-K EDGAR
- Nov 21, 20258-K EDGAR
- Aug 19, 202510-Q EDGAR
- Aug 14, 2025NT 10-Q EDGAR
- May 20, 202510-Q EDGAR
- May 16, 2025NT 10-Q EDGAR
- Mar 28, 202510-Q EDGAR
- Feb 24, 202510-K EDGAR
- Feb 24, 202510-Q/A EDGAR
- Feb 24, 20258-K EDGAR
- Feb 18, 2025NT 10-Q EDGAR
The 74 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
12 open-market trades by officers, directors and large owners since October 2021: 0 buys and 12 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Apr 14, 2023 | PATRIZIO PAUL | Sale | 500,000 | $0.02 | $10.0K | Form 4 |
| Mar 20, 2023 | Possumato John FrancisChief Executive Officer | Sale | 1,250,000 | $0.02 | $25.0K | Form 4 |
| Feb 14, 2023 | Potash Adam JosephChief Operating Officer | Sale | 1,062,500 | $0.02 | $21.2K | Form 4 |
| Feb 14, 2023 | Possumato John FrancisChief Executive Officer | Sale | 1,062,500 | $0.02 | $21.2K | Form 4 |
| Feb 14, 2023 | PATRIZIO PAUL | Sale | 375,000 | $0.02 | $7.5K | Form 4 |
| Jan 26, 2022 | Furlow Blake10% owner | Sale | 20,500 | $0.15 | $3.1K | Form 4 |
| Jan 21, 2022 | Furlow Blake10% owner | Sale | 10,000 | $0.16 | $1.6K | Form 4 |
| Nov 22, 2021 | Furlow Blake10% owner | Sale | 64,847 | $0.15 | $9.7K | Form 4 |
| Nov 10, 2021 | Furlow Blake10% owner | Sale | 29,000 | $0.16 | $4.6K | Form 4 |
| Nov 5, 2021 | Furlow Blake10% owner | Sale | 5,000 | $0.18 | $900 | Form 4 |
| Nov 3, 2021 | Furlow Blake10% owner | Sale | 5,000 | $0.17 | $850 | Form 4 |
| Nov 2, 2021 | Furlow Blake10% owner | Sale | 31,306 | $0.18 | $5.6K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- AJB Capital Investments LLCSC 13G, 1 filing Jun 26, 202450
- Blake FurlowSC 13D/A, 1 filing Sep 20, 202251
SEC filer profile
How Driveitaway Holdings, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARDriveitaway Holdings, Inc.1
- CIK0001394638
- Employer ID (EIN)20-44565033
- Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; a shell company3
- Incorporated inDelaware3
- Fiscal year endsSeptember 301
- Industry code (SIC)8200 Services-Educational Services1
- SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
- Business address3401 Market Street, Suite 200/201, Philadelphia, PA 191041
- Phone904-824-31331
- Shares outstanding127,065,629 as of May 22, 202612
- Public float$871.7K as of Mar 31, 20253
- AuditorVictor Mokuolu, CPA PLLC, Houston, Texas PCAOB ID 6771; no auditor attestation of internal control over financial reporting3
- On EDGAR sinceSep 11, 20071
- Filings376 in all: 8-K (67), 10-Q (55), 4 (39), NT 10-Q (27), UPLOAD (24), 3 (22), 10-K (18), CORRESP (16)1
All 44 form types
NT 10-K (14), SC 13D/A (13), 10-K/A (9), 8-K/A (7), SC 13G (7), 10-Q/A (6), DEFA14A (6), SC 13D (4), DEFC14A (3), PREC14A (3), PRRN14A (3), 10QSB/A (2), 424B3 (2), 5 (2), DEF 14C (2), EFFECT (2), POS AM (2), PRE 14C (2), PRER14A (2), 10KSB (1), 10QSB (1), 15-12G (1), 4/A (1), 8-A12G (1), AW (1), D (1), DEF 14A (1), DEFR14A (1), NTN 10K (1), PRE 14A (1), PRER14C (1), RW (1), RW WD (1), S-8 (1), SB-2 (1), SC 14F1 (1)
- Latest filingsAnnual report (10-K) Jan 13, 2026
Quarterly report (10-Q) May 22, 2026
Proxy statement (DEF 14A) Apr 7, 2020
Latest 8-K (8-K) Aug 18, 2026
Risk factors and legal proceedings
Legal proceedings
We are not currently involved in any litigation that we believe could have a material adverse effect on our financial condition or results of operations. There is no action, suit, or proceeding by any court, public board, government agency, self-regulatory organization or body pending or, to the knowledge of the executive officers of our Company or our subsidiary, threatened against or affecting our Company, our common stock, our subsidiary or of our companies or our subsidiary’s officers or directors in their capacities as such, in which an adverse decision could have a material adverse effect.
The opening of Item 3, Legal Proceedings.3
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
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- 16SEC EDGARKarla Kretsch, President
- 17SEC EDGARBrian Pappas, President
- 18SEC EDGARJohn Quam, President
- 19
- 20
- 21
- 22
- 23SEC EDGARRichard E. Alder, Controller
- 24SEC EDGARMichelle Mary Cote, Co-Founder
- 25
- 26SEC EDGARPaul Patrizio, Board member
- 27SEC EDGARRichard Gery Zell Ii., Board member
- 28SEC EDGARChristopher Rego, Board member
- 29SEC EDGARRod K. Whiton, Board member
- 30SEC EDGARBlake Furlow, Board member
- 31SEC EDGARBart Jay Mitchell, Board member
- 32SEC EDGARGary L. Herman, Board member
- 33SEC EDGARCharles Leo Grant, Board member
- 34SEC EDGARJoseph J. Marucci, Board member
- 35SEC EDGARMichael Gorin, Board member
- 36SEC EDGARJoyann Kenny-Charlton, Board member
- 37SEC EDGARMichelle Mary Cote, Board member
- 38SEC EDGAROther events
- 39SEC EDGARUnregistered sale of shares
- 40
- 41SEC EDGARChange of auditor
- 42
- 43SEC EDGARExecutive or director change
- 44SEC EDGARExecutive or director change
- 45
- 46
- 47
- 48
- 49SEC EDGARFinancial statements and exhibits
- 50
- 51