SDCH on OTC
SideChannel, Inc.
American computer processing and data preparation services company. Summary from the record
Price unavailable
Last updated Oct 19, 2026.
Overview
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- TickerSDCH on OTC1
- IndustryServices-Computer Processing & Data Preparation1
- HeadquartersWorcester, Massachusetts1
- Incorporated inDE3
- Business address146 Main Street, Suite 405, Worcester, Ma 016083
- Filer categoryNon-accelerated filer, Smaller reporting company3
- Legal formCorporation
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We anticipate that we will need to increase our staffing in the foreseeable future.4 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
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
vCISO Services brought in 56% of the revenue SideChannel, Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| vCISO Services | $4.8M | $4.1M |
| Cybersecurity Software and Services | $2.6M | $3.3M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue52¢$3.8M
- Research and development8¢$562.0K
- Other costs40¢$2.9M
- Income tax0¢$14.0K
Out of $7.4M in revenue.2 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.2
| Period ending | 2025-09-30 | 2024-09-30 |
|---|---|---|
| Revenues | $7.4M | $7.4M |
| Cost of revenues | $3.8M | $3.9M |
| Gross profit | $3.5M | $3.5M |
| General and administrative | $2.9M | $3.2M |
| Selling and marketing | $966.0K | $771.0K |
| Research and development | $562.0K | $546.0K |
| Total operating expenses | $4.4M | $4.5M |
| Operating loss | -$918.0K | -$940.0K |
| Other income, net | $40.0K | $41.0K |
| Net loss before income tax expense | -$878.0K | -$899.0K |
| Income tax expense | $14.0K | $5.0K |
| Net loss after income tax expense | -$892.0K | -$904.0K |
| Net income (loss) per common share - basic | $0.00 | $0.00 |
| Net income (loss) per common share - diluted | $0.00 | $0.00 |
| Weighted average common shares outstanding - basic | 229.1M shares | 222.1M shares |
| Weighted average common shares outstanding - diluted | 229.1M shares | 222.1M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.2
| Period ending | 2025-09-30 | 2024-09-30 | 2023-09-30 |
|---|---|---|---|
| Cash and cash equivalents | $1.1M | $1.0M | |
| Short-term investments | $100.0K | $250.0K | |
| Accounts receivable, net | $553.0K | $732.0K | |
| Deferred costs | $150.0K | ||
| Prepaid expenses and other current assets | $374.0K | $385.0K | |
| Total current assets | $2.1M | $2.6M | |
| Fixed assets | $17.0K | $33.0K | |
| Goodwill | $1.4M | $1.4M | |
| Total assets | $3.5M | $4.0M | |
| Accounts payable and accrued liabilities | $515.0K | $729.0K | |
| Deferred revenue | $801.0K | $515.0K | $280.0K |
| Income taxes payable | $6.0K | $3.0K | |
| Total current liabilities | $1.3M | $1.2M | |
| Total liabilities | $1.3M | $1.2M | |
| Common stock, $0.001 par value, 681,000,000 shares authorized; 231,229,054 and 225,975,331 shares issued and outstanding as of September 30, 2025, and September 30, 2024, respectively | $231.0K | $226.0K | |
| Additional paid-in capital | $22.6M | $22.3M | |
| Accumulated deficit | -$20.7M | -$19.8M | |
| Total stockholders equity | $2.1M | $2.7M | $3.0M |
| Total liabilities and stockholders equity | $3.5M | $4.0M | |
| Common stock, par value | $0.00 | $0.00 | |
| Common stock, shares authorized | 681.0M shares | 681.0M shares | |
| Common stock, shares issued | 231.2M shares | 226.0M shares | |
| Common stock, shares outstanding | 231.2M shares | 226.0M shares |
| Period ending | 2025-09-30 | 2024-09-30 | 2023-09-30 |
|---|---|---|---|
| Cash and cash equivalents | $1.1M | $1.0M | |
| Short-term investments | $100.0K | $250.0K | |
| Accounts receivable, net | $553.0K | $732.0K | |
| Deferred costs | $150.0K | ||
| Prepaid expenses and other current assets | $374.0K | $385.0K | |
| Total current assets | $2.1M | $2.6M | |
| Fixed assets | $17.0K | $33.0K | |
| Goodwill | $1.4M | $1.4M | |
| Total assets | $3.5M | $4.0M | |
| Accounts payable and accrued liabilities | $515.0K | $729.0K | |
| Deferred revenue | $801.0K | $515.0K | $280.0K |
| Income taxes payable | $6.0K | $3.0K | |
| Total current liabilities | $1.3M | $1.2M | |
| Total liabilities | $1.3M | $1.2M | |
| Common stock, $0.001 par value, 681,000,000 shares authorized; 231,229,054 and 225,975,331 shares issued and outstanding as of September 30, 2025, and September 30, 2024, respectively | $231.0K | $226.0K | |
| Additional paid-in capital | $22.6M | $22.3M | |
| Accumulated deficit | -$20.7M | -$19.8M | |
| Total stockholders equity | $2.1M | $2.7M | $3.0M |
| Total liabilities and stockholders equity | $3.5M | $4.0M | |
| Common stock, par value | $0.00 | $0.00 | |
| Common stock, shares authorized | 681.0M shares | 681.0M shares | |
| Common stock, shares issued | 231.2M shares | 226.0M shares | |
| Common stock, shares outstanding | 231.2M shares | 226.0M 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.2
| Period ending | 2025-09-30 | 2024-09-30 |
|---|---|---|
| Net loss | -$892.0K | -$904.0K |
| Depreciation | $16.0K | $12.0K |
| Amortization | $150.0K | $180.0K |
| Legal settlement paid in stock | -$1.0K | $15.0K |
| Stock-based compensation and payments for services, net | $332.0K | $563.0K |
| Accounts receivable, net | $179.0K | $102.0K |
| Prepaid expenses and other assets | $11.0K | -$4.0K |
| Accounts payable and accrued liabilities | -$214.0K | $116.0K |
| Income taxes payable | $3.0K | -$8.0K |
| Deferred revenue | $286.0K | $235.0K |
| Net cash provided by / (used in) operating activities | -$130.0K | $307.0K |
| Net sale (purchase) of short-term investments | $150.0K | -$250.0K |
| Purchase of fixed assets | -$15.0K | |
| Net cash provided by / (used in) investing activities | $150.0K | -$265.0K |
| Payment of note payable | -$50.0K | |
| Net cash used in financing activities | -$50.0K | |
| INCREASE / (DECREASE) IN CASH | $20.0K | -$8.0K |
| Shares Issued for Services | $20.0K | |
| Purchase of RSUs sold by employees to pay for taxes due on vested RSUs | $63.0K | $119.0K |
No quarter-by-quarter statement was filed.
Leadership
Who has led SideChannel, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
- Chief executive officerBrian Wayne Haugli Jul 5, 2022 to now13
- Chief executive officerDavid Chasteen Nov 10, 2021 to Nov 10, 202114
- Chief executive officerAndrew Borene Nov 29, 2019 to Nov 29, 201915
- Chief executive officerMichael A. Grollman Apr 10, 2006 to Mar 5, 200916
- ChairMichael A. Grollman Apr 10, 2006 to Mar 5, 200916
- PresidentGraham L. Clark Mar 15, 2006 to Mar 5, 200917
- Chief financial officerRyan Polk Dec 15, 2021 to now18
Board members and other officers (13)
- Chief Technology OfficerNicholas William Hnatiw Dec 15, 2021 to Jun 21, 202219
- Board memberAnna Marie Seacat Jun 25, 2026 to now20
- Board memberRyan Polk Mar 5, 2025 to now21
- Board memberNicholas William Hnatiw Mar 1, 2024 to now22
- Board memberDeborah Kuenzi Macconnel Jul 5, 2022 to now23
- Board memberHugh T. Regan Jr. Jul 5, 2022 to now24
- Board memberKevin Robert Powers Jul 5, 2022 to Jan 10, 202425
- Board memberBrian Wayne Haugli Dec 23, 2022 to now26
- Board memberAnthony Ambrose Jun 20, 2019 to Jan 10, 202427
- Board memberDavid Chasteen Nov 7, 2019 to Nov 10, 202128
- Board memberZeynep Young Nov 12, 2019 to Nov 12, 201929
- Board memberGraham L. Clark Mar 15, 2006 to Mar 5, 200917
- Board memberGregory F. Szabo Sep 27, 2006 to May 7, 200930
Named in SEC Form D filings
People the company listed in its private-offering notices.
- DirectorTom Wilkinson named Jul 7, 202231
Former names
Timeline
Filings
213 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 58 major events, 95 insider forms, 1 large holders, 2 private raises, 36 other. The latest 20:
- Oct 6, 20268-K EDGAR
- Sep 25, 20268-K EDGAR
- Aug 13, 2026DEF 14A EDGAR
- Aug 12, 202610-Q EDGAR
- Aug 7, 20268-K EDGAR
- Aug 3, 20268-K EDGAR
- Jul 28, 2026PRE 14A EDGAR
- Jun 25, 20264 EDGAR
- Jun 25, 20263 EDGAR
- May 12, 202610-Q EDGAR
- May 12, 20268-K EDGAR
- Mar 31, 20268-K EDGAR
- Mar 18, 20264 EDGAR
- Mar 18, 20264 EDGAR
- Mar 18, 20264 EDGAR
- Feb 17, 202610-Q EDGAR
- Feb 17, 20268-K EDGAR
- Feb 11, 2026DEFA14A EDGAR
- Jan 27, 20268-K EDGAR
- Jan 22, 20268-K EDGAR
The 213 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
5 open-market trades by officers, directors and large owners since October 2021: 5 buys and 0 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Mar 15, 2024 | Haugli Brian WayneChief Executive Officer | Buy | 52,500 | $0.07 | $3.7K | Form 4 |
| May 15, 2023 | Haugli Brian WayneChief Executive Officer | Buy | 1,000 | $0.08 | $80 | Form 4 |
| Mar 6, 2023 | Haugli Brian WayneChief Executive Officer | Buy | 500 | $0.07 | $35 | Form 4 |
| Feb 10, 2023 | Haugli Brian WayneChief Executive Officer | Buy | 5,000 | $0.11 | $550 | Form 4 |
| Jan 6, 2023 | Haugli Brian WayneChief Executive Officer | Buy | 150 | $0.10 | $15 | 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.
- Brian Wayne HaugliSC 13D, 1 filing Jul 5, 202232
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.
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- 17SEC EDGARGraham L. Clark, President
- 18SEC EDGARRyan Polk, Chief financial officer
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- 20SEC EDGARAnna Marie Seacat, Board member
- 21SEC EDGARRyan Polk, Board member
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- 24SEC EDGARHugh T. Regan Jr., Board member
- 25SEC EDGARKevin Robert Powers, Board member
- 26SEC EDGARBrian Wayne Haugli, Board member
- 27SEC EDGARAnthony Ambrose, Board member
- 28SEC EDGARDavid Chasteen, Board member
- 29SEC EDGARZeynep Young, Board member
- 30SEC EDGARGregory F. Szabo, Board member
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