GEDC on OTC
TerraVolt Holdings, Inc.
All permits and approvals necessary to build and operate a data center on our campus.3 From its latest annual report
Price unavailable
Last updated Oct 19, 2026.
Overview
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- TickerGEDC on OTC1
- IndustryReal Estate Investment Trusts1
- HeadquartersSugar Land, Texas1
- Incorporated inNV2
- Business addressThree Sugar Creek Center, Suite 100, Sugar Land, Tx 774782
- Filer categoryNon-accelerated filer, Smaller reporting company2
- Legal formCorporation
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All permits and approvals necessary to build and operate a data center on our campus.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 2023
-297.2%Return on equity4
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Professional fees | $340.0K | $386.0K |
| Equity-based compensation | $80.0K | $369.0K |
| General and administrative expenses | $52.0K | $49.0K |
| Payroll and related expense | $583.0K | $259.0K |
| Total operating expenses | $1.1M | $1.1M |
| Loss from operations | -$1.1M | -$1.1M |
| Interest income | $5.0K | $12.0K |
| Financing costs | -$186.0K | -$12.0K |
| Financing costs related party | -$676.0K | -$2.4M |
| Abandoned of development project cost | -$4.6M | -$344.0K |
| Gain from closure of foreign subsidiary | $8.0K | |
| Loss on extinguishment of notes payable related party | -$2.3M | |
| Loss on extinguishment of convertible promissory notes | -$6.5M | |
| Total other expenses | -$5.4M | -$11.5M |
| Loss before provision for income taxes | -$6.5M | -$12.6M |
| Net loss per share - Basic | -$0.25 | -$0.50 |
| Net loss per share - Diluted | -$0.25 | -$0.50 |
| Weighted Average common shares outstanding - Basic | 25.7M shares | 25.2M shares |
| Weighted Average common shares outstanding - Diluted | 25.7M shares | 25.2M shares |
| Net loss | -$6.5M | -$12.6M |
| Foreign currency translation loss | -$9.0K | |
| Comprehensive loss | -$6.5M | -$12.6M |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2024-11-30 | 2023-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $287.0K | $286.0K | ||
| Prepaid and other current expenses | $8.0K | $10.0K | ||
| Total current assets | $295.0K | $296.0K | ||
| Data center campus costs | $5.8M | |||
| Total assets | $295.0K | $6.1M | ||
| Accounts payable and accrued expenses | $775.0K | $504.0K | ||
| Convertible debentures, net | $1.6M | |||
| Total current liabilities | $3.1M | $515.0K | ||
| Convertible debentures, net | $1.3M | |||
| Total liabilities | $3.1M | $1.8M | ||
| Common stock par value $0.001: 100,000,000 shares authorized; 25,730,540 and 25,730,540 shares issued and outstanding | $26.0K | $26.0K | $875.0K | |
| Additional paid-in capital | $35.5M | $36.2M | ||
| Other comprehensive income | $9.0K | |||
| Stock subscription receivable | -$1.0K | -$1.0K | ||
| Accumulated deficit | -$38.4M | -$31.9M | ||
| Total stockholders (deficit) equity | -$2.8M | $4.3M | $1.6M | |
| Total liabilities and stockholders (deficit) equity | $295.0K | $6.1M | ||
| Common stock, par value | $0.00 | $0.00 | ||
| Common stock, shares authorized | 100.0M shares | 100.0M shares | ||
| Common stock, shares issued | 25.7M shares | 25.7M shares | ||
| Common stock, shares outstanding | 25.7M shares | 25.7M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2024-11-30 | 2023-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $287.0K | $286.0K | ||
| Prepaid and other current expenses | $8.0K | $10.0K | ||
| Total current assets | $295.0K | $296.0K | ||
| Data center campus costs | $5.8M | |||
| Total assets | $295.0K | $6.1M | ||
| Accounts payable and accrued expenses | $775.0K | $504.0K | ||
| Convertible debentures, net | $1.6M | |||
| Total current liabilities | $3.1M | $515.0K | ||
| Convertible debentures, net | $1.3M | |||
| Total liabilities | $3.1M | $1.8M | ||
| Common stock par value $0.001: 100,000,000 shares authorized; 25,730,540 and 25,730,540 shares issued and outstanding | $26.0K | $26.0K | $875.0K | |
| Additional paid-in capital | $35.5M | $36.2M | ||
| Other comprehensive income | $9.0K | |||
| Stock subscription receivable | -$1.0K | -$1.0K | ||
| Accumulated deficit | -$38.4M | -$31.9M | ||
| Total stockholders (deficit) equity | -$2.8M | $4.3M | $1.6M | |
| Total liabilities and stockholders (deficit) equity | $295.0K | $6.1M | ||
| Common stock, par value | $0.00 | $0.00 | ||
| Common stock, shares authorized | 100.0M shares | 100.0M shares | ||
| Common stock, shares issued | 25.7M shares | 25.7M shares | ||
| Common stock, shares outstanding | 25.7M shares | 25.7M 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 | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$6.5M | -$12.6M |
| Abandoned data center campus development costs | $4.6M | $344.0K |
| Gain from disposal of foreign subsidiary | -$8.0K | |
| Loss on extinguishment of notes payable related party | $2.3M | |
| Amortization of note payable discounts related party | $613.0K | $2.4M |
| Warrant repricing with financing related party | $20.0K | |
| Amortization of debt issuance cost | $53.0K | $9.0K |
| Fair value of equity-based compensation | $80.0K | $369.0K |
| Loss on extinguishment of debt | $6.5M | |
| Prepaid expenses and other current assets | $2.0K | |
| Accounts payable and accrued expenses | $407.0K | -$131.0K |
| Net cash used in operating activities | -$750.0K | -$859.0K |
| Date center campus development cost | -$464.0K | -$1.5M |
| Net cash used in investing activities | -$464.0K | -$1.5M |
| Cash proceeds from issuance of convertible debentures | $225.0K | $1.4M |
| Cost for issuance of convertible debentures | -$10.0K | -$106.0K |
| Proceeds from stock subscription receivable | $1.0K | |
| Cash proceeds for issuances of notes payable | $1.0M | $1.0M |
| Net cash provided by financing activities | $1.2M | $2.3M |
| Effect of exchange rate changes on cash and cash equivalents | -$1.0K | |
| Net decrease in cash and cash equivalents | $1.0K | -$22.0K |
| Cash paid for interest | $100.0K | |
| Relative fair value of warrants issued with note payable | $885.0K | |
| Capitalized interest project development cost | $81.0K | |
| Common stock and warrants issued for extinguishment of notes payable | $3.3M | |
| Equity-based compensation capitalized | $2.4M | |
| Convertible debentures accrued interest converted to equity | $459.0K | |
| Equity-based compensation expensed | $316.0K | |
| Recapture of equity-based compensation expensed | -$236.0K | |
| Notes payable converted to equity related party | $1.0M |
No quarter-by-quarter statement was filed.
Leadership
Who has led TerraVolt Holdings, Inc., and when. Pick a name to see everywhere that person has worked.
Chief financial officer
Chief operating officer
2010201520202025
- Chief executive officerJoel Drake Stone Apr 16, 2026 to now12
- Chief executive officerMike McFarland Dec 23, 2009 to Dec 23, 200913
- Chief executive officerJoel Bellenson Mar 10, 2006 to Dec 14, 200914
- ChairJoel Drake Stone Apr 16, 2026 to now12
- PresidentJoel Drake Stone Jan 3, 2024 to Jan 3, 202415
- PresidentPiers Cooper Sep 14, 2018 to Apr 26, 201916
- PresidentCharles El-Moussa Sep 25, 2012 to Sep 25, 201217
- PresidentDexster Smith Mar 10, 2006 to Dec 14, 200918
- Chief financial officerDean S. Skupen Jan 3, 2024 to Jan 3, 202419
- Chief financial officerKelly Randall Jun 10, 2013 to Jan 2, 201420
- Chief financial officerMike McFarland Dec 23, 2009 to Dec 23, 200913
- Chief financial officerTim Fernback Apr 12, 2006 to Apr 12, 200621
- Chief operating officerJoel Drake Stone Jan 3, 2024 to Jan 3, 202415
- Chief operating officerKelly Randall Jun 10, 2013 to Jan 2, 201420
Board members and other officers (15)
- Chief Technology OfficerHyuncheol Peter Kim Dec 6, 2021 to Dec 6, 202122
- Secretary and TreasurerSteve Bajic Mar 10, 2006 to Apr 30, 200723
- Board memberSean Paul Fontenot Jan 3, 2024 to now24
- Board memberSteve Shum Nov 10, 2021 to now25
- Board memberPiers Cooper Sep 14, 2018 to Apr 26, 201916
- Board memberKelly Randall Jun 10, 2013 to Jan 2, 201420
- Board memberCharles El-Moussa Sep 25, 2012 to Sep 25, 201217
- Board memberMike McFarland Dec 23, 2009 to Dec 23, 200913
- Board memberJeffrey Bacha Apr 11, 2008 to Apr 11, 200826
- Board memberGeert Cauwenbergh Apr 23, 2008 to Apr 23, 200827
- Board memberPhilip R. Rice Apr 18, 2007 to Apr 18, 200728
- Board memberDale R. Pfost Apr 30, 2007 to May 25, 200729
- Board memberDexster Smith Mar 10, 2006 to Dec 14, 200918
- Board memberJoel Bellenson Mar 10, 2006 to Dec 14, 200914
- Board memberSteve Bajic Mar 10, 2006 to Apr 30, 200723
Named in SEC Form D filings
People the company listed in its private-offering notices.
Former names
Timeline
Filings
69 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 8 major events, 21 insider forms, 10 large holders, 2 private raises, 8 other. The latest 20:
- Aug 14, 202610-Q EDGAR
- Jul 7, 20268-K EDGAR
- May 14, 202610-Q EDGAR
- May 11, 20268-K EDGAR
- May 4, 2026DEF 14C EDGAR
- Apr 29, 20268-K EDGAR
- Apr 23, 2026SCHEDULE 13D/A EDGAR
- Apr 23, 20264 EDGAR
- Apr 16, 20264 EDGAR
- Apr 16, 2026SCHEDULE 13D EDGAR
- Apr 1, 2026SCHEDULE 13D/A EDGAR
- Apr 1, 20264/A EDGAR
- Apr 1, 2026SCHEDULE 13D/A EDGAR
- Apr 1, 20263/A EDGAR
- Apr 1, 2026SCHEDULE 13D/A EDGAR
- Mar 31, 202610-K EDGAR
- Feb 4, 2026144 EDGAR
- Dec 18, 2025SCHEDULE 13D/A EDGAR
- Dec 18, 20254 EDGAR
- Dec 12, 20254 EDGAR
The 69 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
1 open-market trades by officers, directors and large owners since October 2021: 0 buys and 1 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Oct 15, 2024 | Campbell MichaelChief Executive Officer | Sale | 100,000 | $0.50 | $50.0K | 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.
- Chauncey Lennis ThompsonSCHEDULE 13D/A, 4 filings Aug 13, 2025 to Apr 23, 202631
- Joel Drake StoneSCHEDULE 13D, 1 filing Apr 16, 202632
- Michael CampbellSCHEDULE 13D/A, 2 filings Mar 14, 2024 to Apr 1, 202633
- Sean Paul FontenotSCHEDULE 13D/A, 3 filings Mar 14, 2024 to Apr 1, 202634
Money raised
Private offerings the company reported to the SEC on Form D.
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
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- 4
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- 6
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- 11
- 12
- 13
- 14
- 15SEC EDGARJoel Drake Stone, President
- 16SEC EDGARPiers Cooper, President
- 17SEC EDGARCharles El-Moussa, President
- 18SEC EDGARDexster Smith, President
- 19
- 20
- 21
- 22
- 23SEC EDGARSteve Bajic, Secretary and Treasurer
- 24SEC EDGARSean Paul Fontenot, Board member
- 25SEC EDGARSteve Shum, Board member
- 26SEC EDGARJeffrey Bacha, Board member
- 27SEC EDGARGeert Cauwenbergh, Board member
- 28SEC EDGARPhilip R. Rice, Board member
- 29SEC EDGARDale R. Pfost, Board member
- 30
- 31
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