LIMX on OTC

Limitless X Holdings Inc.

Limitless X Holdings Inc. is an American miscellaneous amusement and recreation services company.1 It is headquartered in Beverly Hills, California.1 Its shares trade on OTC under the symbol LIMX.1

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Last updated Oct 20, 2026.

Overview

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  • TickerLIMX on OTC1
  • IndustryServices-Miscellaneous Amusement & Recreation1
  • HeadquartersBeverly Hills, California1
  • Incorporated inDE2
  • Business address9777 Wilshire Blvd.,, Suite 400,, Beverly Hills, Ca 902122
  • Filer categoryNon-accelerated filer, Smaller reporting company2
  • Legal formCorporation

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Orange Extract, Garcinia Cambogia, Fibersol® fiber, and anandamide. The product contains 0g sugar per serving.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

75.3%Gross margin4
-961.8%Operating margin4
-4872.1%Net margin4
-71.8%Revenue growth, 20254

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue25¢$233.6K
  • Other costs75¢$713.0K

Out of $946.6K in revenue.4 The company lost money this year.

Financial statements

Revenue5674$946.6K in 2025+4407% since 2020
0$10.0M$20.0M$30.0M$40.0M2020: $21.0K$21.0K20202021: $339.2K$339.2K2021+1515%2022: $39.9M$39.9M2022+11653%2023: $15.5M$15.5M2023−61%2024: $3.4M$3.4M2024−78%2025: $946.6K$946.6K2025−72%
Gross profit5674$713.0K in 2025
-$10.0M0$10.0M$20.0M$30.0M2020: -$57.8K-$57.8K20202021: $64.8K$64.8K20212022: $26.4M$26.4M2022+40655%2023: $10.8M$10.8M2023−59%2024: $2.3M$2.3M2024−79%2025: $713.0K$713.0K2025−68%
Operating income5674-$9.1M in 2025+3204% since 2020
-$20.0M-$15.0M-$10.0M-$5.0M02020: -$275.5K-$275.5K20202021: -$173.9K-$173.9K2021−37%2022: -$17.3M-$17.3M2022+9853%2023: -$6.3M-$6.3M2023−63%2024: -$3.9M-$3.9M2024−39%2025: -$9.1M-$9.1M2025+134%
Net income5674-$46.1M in 2025+16622% since 2020
-$60.0M-$40.0M-$20.0M02020: -$275.8K-$275.8K20202021: -$249.4K-$249.4K2021−10%2022: -$18.9M-$18.9M2022+7476%2023: -$13.9M-$13.9M2023−27%2024: -$4.2M-$4.2M2024−70%2025: -$46.1M-$46.1M2025+997%

Every line of the income statement as filed: the last 2 fiscal years, latest first.4

Period ending2025-12-312024-12-31
Total net revenue$946.6K$3.4M
Cost of revenue$233.6K$1.1M
Total cost of sales$233.6K$1.1M
Gross profit$713.0K$2.3M
General and administrative$1.6M$1.1M
Advertising and marketing$544.8K$2.0M
Salaries and compensation$2.2M$2.9M
Stock compensation expense$5.5M$168.6K
Total operating expenses$9.8M$6.1M
Loss from operations-$9.1M-$3.9M
Interest expense-$954.7K-$512.6K
Other income (expense)$36.2K$10.5K
Gain (Loss) on debt settlement-$35.5M$216.9K
Loss on settlement-$636.7K
Gain on disposal of assets-$26.0K
Other expense-$7.8K
Total other income (expense), net-$37.0M-$319.1K
Loss before income tax provision-$46.1M-$4.2M
Income tax provision$915
Net loss-$46.1M-$4.2M
Dividends accrued during the period$539.4K
Dividends forgiven during the period-$539.4K
Deemed dividends during the period related to extinguishment of related party preferred stock C from mezzanine to equity-$26.9M
Net loss allocable to common shareholders-$19.2M-$4.2M
Net loss per common share - basic-$1.23-$0.83
Net loss per common share - diluted-$1.23-$0.83
Weighted average number of common shares - basic15.4M shares5.1M shares
Weighted average number of common shares - diluted15.4M shares5.1M shares

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What it owns

What Limitless X 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

ItemLatestA year beforeChange
Machinery and equipment$1.6K4 Dec 31, 2025$1.6K4 Dec 31, 20240%
Property and equipment, before depreciation$1.6K4 Dec 31, 2025$1.6K4 Dec 31, 20240%
Accumulated depreciation$9444 Dec 31, 2025$6244 Dec 31, 2024+51.3%
Property and equipment, net$6604 Dec 31, 2025$9804 Dec 31, 2024−32.7%

Inventory

ItemLatestA year beforeChange
Inventory, total$140.6K4 Dec 31, 2025$18.4K4 Dec 31, 2024+663.3%

Properties, in its own words

We have a lease for our corporate headquarters located at 9777 Wilshire Blvd., #400, Beverly Hills, CA 90212.

In addition, we have secured a 5-year lease for the Limitless Manny Pacquiao Impact Performance & Training Center, located at 1724 N Highland Avenue, Suite 270, Los Angeles, CA 90028.

Item 2 of the 10-K filed Apr 15, 2026.3

Leadership

Who has led Limitless X Holdings Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Jaspreet Mathur2022–now

President

  1. Kenneth Haller2022–2026
  2. Daniel C. Sanders2026–now

Chief financial officer

  1. Benjamin J. Chung2022–now
2025
Board members and other officers (10)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Executive OfficerDanielle Young named Jul 18, 202224

Former names

  • BIO LAB NATURALS, INC.Mar 2, 2020 to Jun 17, 20222

Timeline

  1. Jun 5, 20268-K Unregistered sale of shares; Executive or director change25
  2. Apr 9, 20268-K Entered a material agreement; New debt or obligation; Unregistered sale of shares26
  3. Feb 27, 20268-K Entered a material agreement; New debt or obligation27
  4. Feb 9, 20268-K Entered a material agreement; New debt or obligation28
  5. Jan 26, 20268-K Entered a material agreement; New debt or obligation29
  6. Jan 8, 20268-K Entered a material agreement; Unregistered sale of shares; Executive or director change30
  7. Oct 7, 20258-K Bylaws or fiscal year changed31
  8. Sep 4, 20258-K Other events32
  9. Jul 14, 20258-K Entered a material agreement; New debt or obligation; Unregistered sale of shares33
  10. Jun 13, 20258-K Entered a material agreement; New debt or obligation34
  11. May 22, 20258-K Entered a material agreement35
  12. Apr 16, 20258-K Entered a material agreement36
  13. Jul 29, 2022New chief executive Jaspreet Mathur becomes CEO12

Filings

154 filings to the SEC since October 2021: 6 annual reports, 17 quarterly reports, 42 major events, 45 insider forms, 1 private raises, 43 other. The latest 20:

  1. Sep 30, 20261-A/A EDGAR
  2. Aug 14, 202610-Q EDGAR
  3. Aug 6, 20261-A EDGAR
  4. Jun 26, 202610-Q EDGAR
  5. Jun 5, 20268-K/A EDGAR
  6. May 15, 2026NT 10-Q EDGAR
  7. Apr 15, 202610-K EDGAR
  8. Apr 9, 20268-K EDGAR
  9. Mar 31, 2026NT 10-K EDGAR
  10. Feb 27, 20268-K EDGAR
  11. Feb 9, 20268-K EDGAR
  12. Jan 28, 20261-A-W EDGAR
  13. Jan 27, 20263 EDGAR
  14. Jan 26, 20268-K EDGAR
  15. Jan 8, 20268-K EDGAR
  16. Nov 19, 202510-Q EDGAR
  17. Nov 14, 2025NT 10-Q EDGAR
  18. Oct 7, 20258-K EDGAR
  19. Sep 4, 20258-K EDGAR
  20. Aug 14, 202510-Q EDGAR

The 154 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.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Jul 18, 2022Filed a private offering of debt Form D: $15 million offered in all Form D

SEC filer profile

How Limitless X 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 EDGARLimitless X Holdings Inc.1
  • CIK0001803977
  • Employer ID (EIN)81-10341633
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; a shell company3
  • Incorporated inDelaware3
  • Fiscal year endsDecember 311
  • Industry code (SIC)7990 Services-Miscellaneous Amusement & Recreation1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business address9777 Wilshire Blvd.,, Suite 400,, Beverly Hills, CA 902121
  • Phone720-273-04331
  • Shares outstanding18,506,957 as of Aug 10, 20269
  • Public float$2.8M as of Jun 30, 20253
  • AuditorM&K CPAS, PLLC, The Woodlands, TX PCAOB ID 2738; no auditor attestation of internal control over financial reporting3
  • On EDGAR sinceMar 2, 20201
  • Filings181 in all: 8-K (45), 4 (31), 10-Q (18), 3 (14), CORRESP (10), UPLOAD (8), 1-A/A (7), 10-K (6)1
    All 29 form types

    NT 10-Q (6), NT 10-K (4), D (3), EFFECT (3), POS AM (3), S-1/A (3), 1-A (2), 10-Q/A (2), DEF 14C (2), PRE 14C (2), S-1 (2), 1-A-W (1), 10-K/A (1), 144 (1), 424B2 (1), 8-A12G (1), 8-A12G/A (1), 8-K/A (1), DEF 14A (1), QUALIF (1), SEC STAFF ACTION (1)

  • Latest filingsAnnual report (10-K) Apr 15, 2026
    Quarterly report (10-Q) Aug 14, 2026
    Proxy statement (DEF 14A) Dec 1, 2023
    Latest 8-K (8-K) Apr 9, 2026

Risk factors and legal proceedings

The risks Limitless X Holdings Inc. names in Item 1A of its 10-K filed Apr 15, 2026: 57 risks under these headings, as written.3

  • RISKS RELATED TO OUR BUSINESS
  • Our future profitability is uncertain.
  • We have incurred recurring losses and may not be profitable in the future. Our plans to maintain and increase liquidity may not be successful. The report of the independent registered public accounting firm includes a going concern uncertainty explanatory paragraph.
  • We have incurred significant losses, we expect to incur losses in the future, and we may not be able to generate sufficient revenue to achieve and maintain profitability.
  • Certain of our lenders may require that a significant portion of gross proceeds received to be used to repay outstanding indebtedness, which would reduce the amount of proceeds available for other corporate purposes, and failure to comply with such requirements could result in an event of default under the applicable loan agreements.
  • All of the current brands and products that we sell and promote are licensed from Limitless Performance, Inc., an entity owned by our Chief Executive Officer and we may lose all of our business at any time, and royalties at a rate of 4% may begin to accrue as of December 31, 2027
  • If we fail to cost-effectively acquire new consumers or retain our existing consumers, our nutritional supplements business could be adversely affected.
  • We must expend resources to maintain consumer awareness of our current nutritional supplement brands, to develop new business divisions in television and film, regenerative skin-care, fintech, entertainment and real estate and generate interest in our current and new products. Our marketing strategies and channels will evolve, and our efforts may or may not be successful.
  • Use of social media and influencers may materially and adversely affect our reputation or subject us to fines or other penalties.
  • We do not prescribe what our influencers post, and if we were held responsible for the content of their posts or their actions, we could be fined or forced to alter our practices, which could have an adverse impact on our business.
  • If we fail to retain existing customers, or fail to maintain average order value levels, we may not be able to maintain our revenue base and margins, which would have a material adverse effect on our business and operating results.
  • Traffic to our e-commerce webpages and conversion rates may decline.
The other 46 risks
  • We must effectively manage our vendors to minimize inventory risk and maintain our margins.
  • We rely on third parties for some essential business operations and services, and disruptions or failures in service or changes in terms may adversely affect our ability to deliver goods and services to our customers.
  • Our business, including our costs and supply chain, is subject to risks associated with sourcing, manufacturing, warehousing, distribution, infrastructure, and logistics to third-party providers, and the loss of any of our key suppliers or logistical service providers could negatively impact our business.
  • If our third-party suppliers and manufacturers do not comply with ethical business practices or with applicable laws and regulations, our reputation, business, financial condition, results of operations, and prospects could be harmed.
  • Shipping is a critical part of our business and any changes in our shipping arrangements or any interruptions in shipping could adversely affect our operating results.
  • We are subject to risks related to online payment methods, including third-party payment processing-related risks.
  • Merchandise returns could harm our business.
  • Our revenues and income could decline due to general economic trends and declines in consumer spending.
  • We face risks related to recession, inflation, weak growth, and other economic conditions.
  • Changes in the economy could have a detrimental impact on our business.
  • Increases in labor costs, including wages, could adversely affect our business, financial condition, and results of operations.
  • We face competition in our market from various companies, most of which have greater financial, technical, and other resources than us.
  • Our business model is evolving.
  • If we fail to maintain and enhance awareness of our brand, our business and financial results could be adversely affected.
  • An inability to maintain and enhance product image could harm our business.
  • Our future financial performance and our ability to commercialize our products and services and to compete effectively will depend, in part, on our ability to manage any future growth effectively.
  • Our operating plan relies in large part upon our assumptions and analyses. If these assumptions or analyses prove to be incorrect, our actual operating results may be materially different from our forecasted results.
  • Acts of war or terrorism may seriously harm our business.
  • RISKS RELATING TO GOVERNMENT REGULATION AND POLICIES
  • We could face liability for information displayed via our e-commerce webpages and our other websites.
  • Government regulation of the internet and e-commerce is evolving and unfavorable changes or failure by us to comply with these regulations could have an adverse effect on our business, financial condition, results of operations, and prospects.
  • We are subject to a number of other laws and regulations, which could impact our business.
  • Failure by our network of retail and e-commerce partners, suppliers, or manufacturers to comply with product safety, environmental, or other laws and regulations, or with the specifications and requirements of our products, may disrupt our supply of products and adversely affect our business.
  • We, as well as our suppliers, are subject to numerous federal, state and local laws and regulations and our compliance with these laws and regulations, as they currently exist or as modified in the future, may increase our costs, limit or eliminate our ability to sell certain products, require recalls of certain products, raise regulatory enforcement risks not present in the past or otherwise adversely affect our business, results of operations and financial condition.
  • The storage, processing, and use of data, some of which contain personal information, are subject to complex and evolving privacy and data protection laws and regulations that could adversely affect our business and financial condition.
  • We face significant risks relating to cybersecurity threats.
  • Corporate Headquarters
  • Legal Proceedings
  • RISKS RELATED TO OUR ORGANIZATION AND STRUCTURE
  • We have authorized and designated Class A Stock, which have voting rights of 60% of our common stock at all times.
  • Jaspreet Mathur, our Chief Executive Officer, owns greater than 50% of our voting securities which will cause us to be deemed a “controlled company” under the rules of OTCQX.
  • Because insiders control our activities, that may cause us to act us in a manner that is most beneficial to them and not to outside shareholder which could cause us not to take actions that outside shareholders might view favorably.
  • We are dependent upon our management, founders, key personnel, and consultants to execute our business plan, and many of them have concurrent responsibilities at other companies.
  • We do not have any key person life insurance policies on any of our officers or employees.
  • There are limitations on the liability of our directors.
  • We have agreed to indemnification of officers and directors as is allowed by Delaware General Corporation Law.
  • Our officers and directors may have conflicts of interests as to corporate opportunities which we may not be able or allowed to participate in.
  • RISKS RELATED TO OWNERSHIP OF OUR SECURITIES
  • We can issue future series of shares of preferred stock without shareholder approval which could adversely affect the rights of common shareholders or other classes or series of preferred stock.
  • A significant number of additional shares of our common stock may be issued under the terms of existing securities, which issuances would substantially dilute existing stockholders and may depress the market price of our common stock.
  • If we are unable to implement and maintain effective internal control over financial reporting, investors may lose confidence in the accuracy and completeness of our financial reports, which could adversely affect the market price of our common stock.
  • Our stock price may be volatile.
  • There has been a limited public market for our common stock and there is no assurance that a more active, liquid and orderly trading market will develop for our common stock or what the market price of our common stock will be.
  • There is no assurance of an active or sustained trading market for our Common Stock, or that we will uplist to NYSE American.
  • Our stock is thinly traded.
  • While our shares of common stock are quoted on the OTCQX, we are required to remain current in our filings with the SEC for our shares of common stock to remain quoted on the OTCQX and not be moved to the OTC Pink Market.
  • Our securities are considered a penny stock, and therefore are subject to the penny stock rules, as such, U.S. broker-dealers may be discouraged from effecting transactions in our securities.
  • We have not paid dividends in the past and do not expect to pay dividends in the foreseeable future.
  • We rely significantly on information technology and any failure, inadequacy, or security lapse of that technology, including any cybersecurity incidents, could harm us.
  • Provisions in our Charter and under Delaware law could make an acquisition of Limitless X more difficult, which acquisition may be beneficial to stockholders.
  • Provisions in our Bylaws may make it more difficult for shareholders to bring derivative suits and other actions arising under Delaware.

Legal proceedings

From time to time, the Company is involved in legal proceedings. The Company records a liability for those legal proceedings when it determines it is probable that a loss has been incurred, and the amount of the loss can be reasonably estimated. The Company also discloses when it is reasonably possible that a material loss may be incurred, however, the amount cannot be reasonably estimated. From time to time, the Company may enter into discussions regarding settlement of these matters, and may enter into settlement agreements, if it believes settlement is in the best interest of the Company and its shareholders. Refer to Note 16. Commitments and Contingencies – Legal Proceedings, in the Notes to Consolidated Financial Statements set forth in Part II, Item 8. Financial Statements and Supplementary Data of this Annual Report, for further information regarding potential legal proceedings.

The opening of Item 3, Legal Proceedings.3

Sources

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    SEC EDGAROther events
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