Overview
- TickerNSTM on OTC1
- IndustryRetail-Retail Stores, NEC1
- HeadquartersBoca Raton, Florida1
- Incorporated inFL2
- Business address2255 Glades Rd, Ste 237 W, Boca Raton, Fl 334312
- Filer categoryNon-accelerated filer, Smaller reporting company2
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22, 1993 and changed its name to NovelStem International Corp. in September 2018.3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.7
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Administrative fee income | $12.0K | |
| General and administrative expenses | $238.8K | $880.9K |
| Litigation expenses (Note 7) | $59.0K | |
| Total operating expenses | $238.8K | $939.9K |
| Loss from operations | -$238.8K | -$927.9K |
| Loss on derivative instrument | $90.0K | |
| Gain on disposal of equity method investment | -$1.2M | |
| Relief of indebtedness income | -$1.7M | |
| Interest expense | $256.2K | $425.4K |
| Total other (income) expenses | -$2.6M | $515.4K |
| Income (loss) before income taxes | $2.4M | -$1.4M |
| Net income (loss) before equity in net loss of equity method investees | $2.4M | -$1.4M |
| Equity in net income (loss) of equity method investees | $640 | -$161.0K |
| Income from (impairment of) equity method investee, NewStem | $5.4K | -$1.6M |
| Net income (loss) | $2.4M | -$3.2M |
| Net income (loss) per share - basic | $0.05 | -$0.07 |
| Weighted average number of shares outstanding basic | 46.9M shares | 46.9M shares |
| Net income (loss) per share - diluted | $0.05 | -$0.07 |
| Weighted average number of shares outstanding - diluted | 47.8M shares | 46.9M shares |
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.7
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2018-09-30 |
|---|---|---|---|---|
| Cash | $333 | $6.1K | ||
| Accounts receivable, administrative fees | $10.5K | |||
| Prepaid expenses | $15.5K | $15.3K | ||
| Total current assets | $15.8K | $31.9K | ||
| Investment in NetCo | $128.2K | |||
| Total assets | $15.8K | $160.1K | ||
| Accounts payable | $216.0K | $167.9K | ||
| Accrued expenses | $37.7K | $68.6K | ||
| Notes payable, including accrued interest | $317.7K | $250.0K | ||
| Current portion of long-term notes payable, including accrued interest | $1.3M | $4.1M | ||
| Bridge loan payable, related party, including accrued interest | $171.9K | |||
| Convertible debt, including accrued interest | $118.8K | $108.6K | ||
| Derivative liability, guarantee | $650.0K | |||
| Total liabilities | $2.2M | $5.3M | ||
| Common stock, $.01 par value, 100,000,000 shares authorized, 50,316,672 shares issued at December 31, 2025 and 2024 and 46,881,475 shares outstanding at December 31, 2025 and 2024 | $468.8K | $468.8K | ||
| Additional paid-in capital | $291.6M | $290.9M | ||
| Accumulated deficit | -$294.0M | -$296.4M | -$7.3M | |
| Treasury stock, at cost, 3,435,197 shares at December 31, 2025 and 2024 | -$199.8K | -$199.8K | ||
| Total shareholders equity (deficit) | -$2.1M | -$5.1M | -$2.0M | |
| Total liabilities and shareholders equity (deficit) | $15.8K | $160.1K | ||
| Common stock, par value | $0.01 | $0.01 | ||
| Common stock, shares authorized | 100.0M shares | 100.0M shares | ||
| Common stock, shares issued | 50.3M shares | 50.3M shares | ||
| Common stock, shares outstanding | 46.9M shares | 46.9M shares | ||
| Treasury stock, shares | 3.4M shares | 3.4M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2018-09-30 |
|---|---|---|---|---|
| Cash | $333 | $6.1K | ||
| Accounts receivable, administrative fees | $10.5K | |||
| Prepaid expenses | $15.5K | $15.3K | ||
| Total current assets | $15.8K | $31.9K | ||
| Investment in NetCo | $128.2K | |||
| Total assets | $15.8K | $160.1K | ||
| Accounts payable | $216.0K | $167.9K | ||
| Accrued expenses | $37.7K | $68.6K | ||
| Notes payable, including accrued interest | $317.7K | $250.0K | ||
| Current portion of long-term notes payable, including accrued interest | $1.3M | $4.1M | ||
| Bridge loan payable, related party, including accrued interest | $171.9K | |||
| Convertible debt, including accrued interest | $118.8K | $108.6K | ||
| Derivative liability, guarantee | $650.0K | |||
| Total liabilities | $2.2M | $5.3M | ||
| Common stock, $.01 par value, 100,000,000 shares authorized, 50,316,672 shares issued at December 31, 2025 and 2024 and 46,881,475 shares outstanding at December 31, 2025 and 2024 | $468.8K | $468.8K | ||
| Additional paid-in capital | $291.6M | $290.9M | ||
| Accumulated deficit | -$294.0M | -$296.4M | -$7.3M | |
| Treasury stock, at cost, 3,435,197 shares at December 31, 2025 and 2024 | -$199.8K | -$199.8K | ||
| Total shareholders equity (deficit) | -$2.1M | -$5.1M | -$2.0M | |
| Total liabilities and shareholders equity (deficit) | $15.8K | $160.1K | ||
| Common stock, par value | $0.01 | $0.01 | ||
| Common stock, shares authorized | 100.0M shares | 100.0M shares | ||
| Common stock, shares issued | 50.3M shares | 50.3M shares | ||
| Common stock, shares outstanding | 46.9M shares | 46.9M shares | ||
| Treasury stock, shares | 3.4M shares | 3.4M 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.7
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net income (loss) | $2.4M | -$3.2M |
| Equity in net loss of equity method investees | $161.0K | |
| Impairment loss, NewStem | $1.6M | |
| Bad debt expense | $500.0K | |
| Accretion of discount on note payable | $60.4K | $177.8K |
| Loss on derivative instrument | $90.0K | |
| Gain on disposal of equity method investment | -$1.2M | |
| Relief of indebtedness income | -$1.7M | |
| Accrued interest added to short term notes payable | $36.8K | |
| Accrued interest added to long-term notes payable | $136.6K | $207.0K |
| Accrued interest added to bridge loan payable | $10.0K | |
| Accrued interest added to convertible debt | $10.2K | $8.6K |
| Stock-based compensation | $8.8K | $40.2K |
| Accounts receivable, administrative fees | $10.5K | -$10.5K |
| Prepaid expenses | -$181 | $18.3K |
| Accounts payable | $48.1K | $113.6K |
| Accrued expenses | $26.4K | |
| Net cash used in operating activities | -$167.6K | -$272.0K |
| Loans made | -$250.0K | |
| Net cash used in investing activities | -$250.0K | |
| Proceeds from convertible debt | $100.0K | |
| Proceeds from note payable, current | $375.0K | |
| Proceeds from bridge loan payable | $161.9K | |
| Net cash provided by financing activities | $161.9K | $475.0K |
| Net change in cash | -$5.8K | -$47.0K |
| Interest | $2.2K | $1.9K |
| Interest capitalized to notes payable | $36.0K | |
| Settlement of long term notes payable | $3.0M | |
| Settlement of derivative liability, net of interest | $614.0K |
No quarter-by-quarter statement was filed.
What it owns
What NovelStem International Corp. 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.
Investments
Properties, in its own words
Our corporate office is located at 7740 Cavern Lane, Parkland FL 33067. We believe that our facilities are adequate for current operations.
Item 2 of the 10-K filed Mar 26, 2026.3
Leadership
Who has led NovelStem International Corp., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
- Chief executive officerMitchell Rubenstein Feb 14, 2006 to Mar 9, 201110
- ChairMitchell Rubenstein Feb 14, 2006 to Mar 9, 201110
- PresidentLaurie S. Silvers Feb 14, 2006 to Mar 9, 201111
Board members and other officers (10)
- Vice chairLaurie S. Silvers Feb 14, 2006 to Mar 9, 201111
- Chief Accounting OfficerScott Gomez Apr 27, 2006 to Mar 18, 201112
- Board memberStephen Gans Feb 23, 2010 to Mar 1, 201113
- Board memberSpencer M. Waxman Dec 29, 2008 to Dec 29, 200814
- Board memberRobert D. Epstein Dec 20, 2007 to Jan 8, 200815
- Board memberLaurie S. Silvers Feb 14, 2006 to Mar 9, 201111
- Board memberDeborah Simon Jun 12, 2006 to Jun 12, 200616
- Board memberHarry T. Hoffman Jun 12, 2006 to Nov 27, 200617
- Board memberIra A. Rosenberg Jun 12, 2006 to Jun 12, 200618
- Board memberRobert McAllan Jun 12, 2006 to Jun 12, 200619
Former names
Timeline
Filings
43 filings to the SEC since October 2021: 4 annual reports, 12 quarterly reports, 5 major events, 22 other. The latest 20:
- Aug 14, 202610-Q EDGAR
- May 15, 202610-Q EDGAR
- Mar 26, 202610-K EDGAR
- Nov 12, 202510-Q EDGAR
- Aug 6, 202510-Q EDGAR
- May 19, 202510-Q EDGAR
- May 15, 2025NT 10-Q EDGAR
- Apr 7, 202510-K EDGAR
- Apr 1, 2025NT 10-K EDGAR
- Nov 14, 202410-Q EDGAR
- Aug 14, 202410-Q EDGAR
- May 15, 202410-Q EDGAR
- Apr 1, 202410-K EDGAR
- Jan 23, 20248-K EDGAR
- Dec 19, 20238-K EDGAR
- Nov 17, 202310-Q EDGAR
- Nov 14, 2023NT 10-Q EDGAR
- Aug 14, 202310-Q EDGAR
- Jul 13, 20238-K EDGAR
- Jul 6, 2023UPLOAD EDGAR
The 43 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.
SEC filer profile
How NovelStem International Corp. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARNovelStem International Corp.1
- CIK0000912544
- Employer ID (EIN)65-03856863
- Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; a shell company3
- Incorporated inFlorida3
- Fiscal year endsDecember 311
- Industry code (SIC)5990 Retail-Retail Stores, NEC1
- SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
- Business address2255 Glades Rd, Ste 237 W, Boca Raton, FL 334311
- Phone56199880001
- Shares outstanding49,332,455 as of Aug 14, 20269
- Public float$1.3M as of Jun 30, 20253
- AuditorKreit & Chiu CPA LLP, Los Angeles, California PCAOB ID 6651; no auditor attestation of internal control over financial reporting3
- On EDGAR sinceMay 15, 19961
- Filings555 in all: 8-K (122), SC 13G/A (57), 10-Q (54), 4 (51), SC 13G (33), CORRESP (22), UPLOAD (21), DEF 14A (18)1
All 42 form types
10-K (17), 10QSB (12), 5 (12), NT 10-Q (11), S-3/A (11), S-3 (9), 10-K/A (8), 3 (8), SC 13D (8), SC 13D/A (8), DEFA14A (7), NT 10-K (6), REGDEX (6), S-8 (6), S-8 POS (6), 10-Q/A (5), 424B3 (5), 10-12G/A (4), 8-K/A (4), PRER14A (4), PRE 14A (3), SC TO-I/A (3), 10KSB (2), 4/A (2), 10-12G (1), 10-K405 (1), 10KSB40 (1), 10QSB/A (1), 15-12B (1), 25 (1), DEFM14A (1), PREM14A (1), S-3MEF (1), SC TO-I (1)
- Latest filingsAnnual report (10-K) Mar 26, 2026
Quarterly report (10-Q) Aug 14, 2026
Proxy statement (DEF 14A) Nov 18, 2013
Latest 8-K (8-K) Jan 23, 2024
Risk factors and legal proceedings
The risks NovelStem International Corp. names in Item 1A of its 10-K filed Mar 26, 2026: 11 risks under these headings, as written.3
- Risks Relating to our Business
- We are a holding company, the principal assets of which are illiquid rights to a licensing agreement.
- We depend on our executive officers and consultants and other key individuals along with the executive officers and key individuals of NewStem to continue the implementation of our long-term business strategy and could be harmed by the loss of their services and our inability to make up for such loss with qualified replacements.
- We have limited operating histories and have generated minimal revenue to date.
- We have identified material weaknesses in our internal control and procedures and internal control over financial reporting. If not remediated, our failure to establish and maintain effective disclosure controls and procedures and internal control over financial reporting could result in material misstatements in our financial statements and a failure to meet our reporting and financial obligations, each of which could have a material adverse effect on our financial condition and the trading price of our common stock.
- Rapid technological change could cause the License to become obsolete.
- Risks relating to our common stock
- Because our holding company structure creates restrictions on the payment of dividends, our ability to pay dividends is limited.
- Because we do not intend to pay any cash dividends on our common stock, our shareholders will not be able to receive a return on their shares unless they sell them.
- Reporting requirement under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and compliance with the Sarbanes-Oxley Act of 2002 (the “Sarbanes-Oxley Act”), including establishing and maintaining acceptable internal controls over financial reporting, are costly and may increase substantially.
- There is a very limited trading market for our common stock and investors are not assured of the opportunity to sell their stock, should they desire to do so.
- The price of our common stock could be highly volatile.
The other 1 risk
- We may be deemed an investment company, which could impose on us burdensome compliance requirements.
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
- 11SEC EDGARLaurie S. Silvers, President
- 12
- 13SEC EDGARStephen Gans, Board member
- 14SEC EDGARSpencer M. Waxman, Board member
- 15SEC EDGARRobert D. Epstein, Board member
- 16SEC EDGARDeborah Simon, Board member
- 17SEC EDGARHarry T. Hoffman, Board member
- 18SEC EDGARIra A. Rosenberg, Board member
- 19SEC EDGARRobert McAllan, Board member
- 20SEC EDGARChange of auditor
- 21SEC EDGARChange of auditor
- 22SEC EDGAROther events
- 23SEC EDGARExecutive or director change
- 24SEC EDGARExecutive or director change