XESP on OTC
Electronic Servitor Publication Network, Inc.
Electronic Servitor Publication Network, Inc. is an American computer processing and data preparation services company.1 It is headquartered in Stillwater, Minnesota.1 Its shares trade on OTC under the symbol XESP.1
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Last updated Oct 20, 2026.
Overview
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- TickerXESP on OTC1
- IndustryServices-Computer Processing & Data Preparation1
- HeadquartersStillwater, Minnesota1
- Incorporated inDE2
- Business address107 Chestnut Street East, Suite 100, Stillwater, Mn 550822
- Filer categoryNon-accelerated filer, Smaller reporting company2
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991-0800. The Company’s common stock trades on the OTCQB Expert Market under the stock ticker symbol XESP.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
Financial statements
No quarterly figures reported.
Every line of the income statement as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Revenue | $0 | $105.0K |
| General and administrative | $84.8K | $103.8K |
| Professional fees | $24.6K | $51.3K |
| Stock based compensation | $559.4K | $559.4K |
| Total operating expenses | $668.8K | $714.5K |
| Loss from operations | -$668.8K | -$609.5K |
| Interest expense | -$25.0K | -$25.0K |
| Other revenue | $100.0K | $0 |
| Total other expense | $75.0K | -$25.0K |
| Loss before provision for income taxes | -$593.8K | -$634.5K |
| Provision for income taxes | $0 | $0 |
| Net loss | -$593.8K | -$634.5K |
| Earnings Per Share, Basic | -$0.01 | -$0.01 |
| Earnings Per Share, Diluted | -$0.01 | -$0.01 |
| Weighted Average Number of Shares Outstanding, Basic | 53.3M shares | 52.2M shares |
| Weighted Average Number of Shares Outstanding, Diluted | 53.3M shares | 52.2M shares |
No quarter-by-quarter statement was filed.
No quarterly figures reported.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash | $119.0K | $54.6K | |
| Total assets | $119.0K | $54.6K | |
| Accounts payable and accruals | $127.0K | $91.1K | |
| Loans payable | $229.6K | $229.6K | |
| Note payable | $2.5M | $2.5M | |
| Due to a related party | $26.7K | $26.7K | |
| Total current liabilities | $2.9M | $2.8M | |
| Preferred Stock, Value, Issued | $0 | $0 | |
| Common Stock, $0.0001 par value, 100,000,000 shares authorized; 53,528,001 and 52,628,001 shares issued and outstanding, respectively | $5.4K | $5.3K | |
| Additional paid in capital | $5.7M | $5.0M | |
| Accumulated deficit | -$8.4M | -$7.8M | |
| Total Stockholders deficit | -$2.8M | -$2.8M | -$2.8M |
| Total Liabilities and Stockholders Deficit | $119.0K | $54.6K | |
| Preferred Stock, Par or Stated Value Per Share | $0.00 | $0.00 | |
| Preferred Stock, Shares Authorized | 20.0M shares | 20.0M shares | |
| Preferred Stock, Shares Issued | 0 shares | 0 shares | |
| Preferred Stock, Shares Outstanding | 0 shares | 0 shares | |
| Common Stock, Par or Stated Value Per Share | $0.00 | $0.00 | |
| Common Stock, Shares Authorized | 100.0M shares | 100.0M shares | |
| Common Stock, Shares, Issued | 53.5M shares | 52.6M shares | |
| Common Stock, Shares, Outstanding | 53.5M shares | 52.6M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash | $119.0K | $54.6K | |
| Total assets | $119.0K | $54.6K | |
| Accounts payable and accruals | $127.0K | $91.1K | |
| Loans payable | $229.6K | $229.6K | |
| Note payable | $2.5M | $2.5M | |
| Due to a related party | $26.7K | $26.7K | |
| Total current liabilities | $2.9M | $2.8M | |
| Preferred Stock, Value, Issued | $0 | $0 | |
| Common Stock, $0.0001 par value, 100,000,000 shares authorized; 53,528,001 and 52,628,001 shares issued and outstanding, respectively | $5.4K | $5.3K | |
| Additional paid in capital | $5.7M | $5.0M | |
| Accumulated deficit | -$8.4M | -$7.8M | |
| Total Stockholders deficit | -$2.8M | -$2.8M | -$2.8M |
| Total Liabilities and Stockholders Deficit | $119.0K | $54.6K | |
| Preferred Stock, Par or Stated Value Per Share | $0.00 | $0.00 | |
| Preferred Stock, Shares Authorized | 20.0M shares | 20.0M shares | |
| Preferred Stock, Shares Issued | 0 shares | 0 shares | |
| Preferred Stock, Shares Outstanding | 0 shares | 0 shares | |
| Common Stock, Par or Stated Value Per Share | $0.00 | $0.00 | |
| Common Stock, Shares Authorized | 100.0M shares | 100.0M shares | |
| Common Stock, Shares, Issued | 53.5M shares | 52.6M shares | |
| Common Stock, Shares, Outstanding | 53.5M shares | 52.6M 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 | -$593.8K | -$634.5K |
| Stock based compensation | $559.4K | $559.4K |
| Common stock issued for services | $63.0K | $84.0K |
| Accounts payable and accruals | $35.9K | $25.0K |
| Net cash provided by operating activities | $64.4K | $33.9K |
| Cash flows from Investing activities: | $0 | $0 |
| Proceeds from loans - related party | $0 | $250 |
| Repayment of loans - related party | $0 | -$8.0K |
| Net cash (used) by financing activities | $0 | -$7.8K |
| Net change in cash | $64.4K | $26.1K |
| Cash paid for interest | $0 | $0 |
| Cash paid for taxes | $0 | $0 |
No quarter-by-quarter statement was filed.
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Corporate structure
Electronic Servitor Publication Network, 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 Electronic Servitor Publication Network, Inc.
- Laurence Eric Swann Filed SC 13D on Electronic Servitor Publication Network, Inc., latest Oct 13, 2023
- Mark Anthony Palumbo Filed SC 13D/A on Electronic Servitor Publication Network, Inc., latest Oct 20, 2021
- Phitech Management LLC Filed SC 13D on Electronic Servitor Publication Network, Inc., latest Oct 18, 2021
- Electronic Servitor Publication Network, Inc. Stillwater, Minnesota
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Electronic Servitor Publication Network, 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.
Properties, in its own words
All operations will occur at Company’s corporate facilities in Minneapolis, MN, located at:
400 1st Ave N., Ste. 100
The rest of Item 2
Minneapolis, MN 55401
or in remote offices of the employees.
Management permits the Company to use these premises at no cost to the Company. Currently, this space is sufficient to meet our needs, however, once we expand our business to a significant degree, we will have to find a larger space. We do not foresee any significant difficulties in obtaining any required additional space. We do not currently own any real property.
Item 2 of the 10-K filed Jul 6, 2026.3
Leadership
Who has led Electronic Servitor Publication Network, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
- Chief executive officerPeter Martin Hager Dec 27, 2023 to Dec 27, 202312
- Chief executive officerJonathan Todd Sweetser Oct 19, 2021 to Oct 19, 202113
- Chief executive officerAnthony Sanneh Oct 22, 2021 to Mar 30, 202214
- Chief executive officerMark Anthony Palumbo Mar 6, 2019 to Oct 19, 202115
- PresidentPeter Martin Hager Dec 27, 2023 to Dec 27, 202312
- PresidentThomas D. Spruce Apr 7, 2022 to Apr 7, 202216
- PresidentJames M. Cassidy Sep 5, 2017 to Sep 5, 201717
- Chief financial officerJonathan Todd Sweetser Oct 19, 2021 to Oct 19, 202113
- Chief financial officerAnthony Sanneh Oct 22, 2021 to Oct 22, 202114
- Chief financial officerMark Anthony Palumbo Mar 2, 2020 to Mar 2, 202018
- Chief operating officerThomas D. Spruce Dec 27, 2023 to Dec 27, 202319
Board members and other officers (7)
- Vice PresidentJames K. McKillop Sep 5, 2017 to Sep 5, 201720
- Board memberThomas D. Spruce Apr 7, 2022 to Dec 27, 202316
- Board memberJonathan Todd Sweetser Oct 19, 2021 to Oct 19, 202113
- Board memberAnthony Sanneh Oct 22, 2021 to Oct 22, 202114
- Board memberMark Anthony Palumbo Mar 6, 2019 to Oct 19, 202115
- Board memberJames K. McKillop Sep 5, 2017 to Sep 5, 201720
- Board memberJames M. Cassidy Sep 5, 2017 to Sep 5, 201717
Former names
Timeline
- Mar 31, 20268-K Executive or director change21
- Mar 31, 20268-K Change of auditor22
- Jun 5, 20248-K Other events23
- May 17, 20248-K Change of auditor; Earlier financial statements no longer reliable; Executive or director change24
- Jan 2, 20248-K Entered a material agreement; Completed an acquisition or sale; Regulation FD disclosure25
- Dec 27, 2023New chief executive Peter Martin Hager becomes CEO12
- Oct 25, 20238-K Other events26
- Oct 19, 20238-K Entered a material agreement; Executive or director change27
- Oct 4, 20238-K Entered a material agreement28
- Sep 26, 20238-K Entered a material agreement; Executive or director change29
- Feb 8, 20238-K Entered a material agreement; Executive or director change30
- Nov 21, 20228-K Executive or director change; Bylaws or fiscal year changed31
- May 19, 20228-K Executive or director change32
- Oct 22, 2021New chief executive Anthony Sanneh becomes CEO14
- Oct 19, 2021New chief executive Jonathan Todd Sweetser becomes CEO13
- Mar 6, 2019New chief executive Mark Anthony Palumbo becomes CEO15
Filings
60 filings to the SEC since October 2021: 5 annual reports, 17 quarterly reports, 17 major events, 11 insider forms, 3 large holders, 7 other. The latest 20:
- Aug 13, 202610-Q FORM 10-Q FOR JUN 2026 EDGAR
- Aug 6, 202610-Q FORM 10-Q FOR MAR 2026 EDGAR
- Jul 6, 202610-K FORM 10-K FOR DEC 2025 EDGAR
- Jun 23, 202610-Q FORM 10-Q FOR SEP 2025 EDGAR
- Jun 23, 202610-Q FORM 10-Q FOR JUN 2025 EDGAR
- Jun 17, 202610-Q FORM 10-Q FOR MAR 2025 EDGAR
- Jun 11, 202610-K ANNUAL REPORT EDGAR
- Jun 1, 202610-Q FORM 10-Q FOR SEP 2024 EDGAR
- Jun 1, 202610-Q FORM 10-Q FOR JUN 2024 EDGAR
- May 5, 202610-Q FORM 10-Q FOR MAR 2024 EDGAR
- Mar 31, 20268-K CURRENT REPORT EDGAR
- Mar 31, 20268-K CURRENT REPORT EDGAR
- Jun 5, 20248-K CURRENT REPORT EDGAR
- May 17, 20248-K EDGAR
- May 16, 2024NT 10-Q EXTENSION EDGAR
- Apr 1, 202410-K FORM 10-K FOR 12/31/23 EDGAR
- Jan 4, 20243 EDGAR
- Jan 2, 20248-K CURRENT REPORT EDGAR
- Dec 27, 20234 EDGAR
- Dec 27, 20234 EDGAR
The 60 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.
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.
- Laurence Eric SwannSC 13D, 1 filing Oct 13, 202333
- Mark Anthony PalumboSC 13D/A, 1 filing Oct 20, 202134
- Phitech Management LLCSC 13D, 1 filing Oct 18, 202135
SEC filer profile
How Electronic Servitor Publication Network, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARElectronic Servitor Publication Network, Inc.1
- CIK0001709542
- Employer ID (EIN)82-18731163
- Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company3
- Incorporated inDelaware3
- Fiscal year endsDecember 311
- Industry code (SIC)7374 Services-Computer Processing & Data Preparation1
- SEC reviewing officeOffice of Technology, Division of Corporation Finance1
- Business address107 Chestnut Street East, Suite 100, Stillwater, MN 550821
- Phone833.991.08001
- Shares outstanding53,528,001 as of Aug 13, 202611
- Public float$0 as of Jun 30, 20254
- AuditorLAO PROFESSIONALS, Lagos, Nigeria PCAOB ID 70573
- On EDGAR sinceJul 7, 20171
- Filings154 in all: 8-K (31), 10-Q (27), 10-K (9), NT 10-Q (9), UPLOAD (9), 3 (8), 4 (8), CORRESP (7)1
All 31 form types
10-Q/A (4), D (4), NT 10-K (4), SC 13D (4), 1-A/A (3), 5 (3), S-1/A (3), 10-12G/A (2), EFFECT (2), PRE 14C (2), SC 13G (2), SC 13G/A (2), 1-A (1), 10-12G (1), 10-K/A (1), 8-K/A (1), DEF 14C (1), POS AM (1), PREM14C (1), QUALIF (1), S-1 (1), S-8 (1), SC 13D/A (1)
- Latest filingsAnnual report (10-K) Jul 6, 2026
Quarterly report (10-Q) Aug 13, 2026
Latest 8-K (8-K) Mar 31, 2026
Risk factors and legal proceedings
Legal proceedings
As previously disclosed, on November 4, 2021, a lawsuit captioned CAMRON ELIZABETH v. MARK PALUMBO et al., Case No. CVPS2106116 was filed in the Superior Court of California, County of Riverside against the Company and certain of the former company’s (CannAssist International Corp.) executive officers (collectively, the “Defendants”). On April 30, 2024, a Final Statement of Decision was issued pursuant to which the Defendants were found liable. The Company still believes that the lawsuit is without merit and intends to appeal the lawsuit vigorously; however, there can be no assurance regarding the ultimate outcome of this appeal. Furthermore, the Company and Mark Palumbo, the Company’s former Chief Executive Officer, had entered into an indemnification agreement pursuant to which Mr. Palumbo agreed to indemnify the Company for all costs and expenses related to this matter, including, without limitation, costs arising from any judgment against the Company.
On May 30, 2024, the Company filed suit against BF Borgers CPA PC and its owner (“BF Borgers”) in a class action lawsuit captioned Electronic Servitor Publication Network, Inc. v. BF Borgers CPA PC. et al. (the “Class Action Lawsuit”). In August 2025, the Company and BF Borgers agreed to a settlement and the Class Action Lawsuit was subsequently dismissed.
Other than as disclosed above, we know of no other material, existing or pending legal proceedings against the Company, nor is it involved as a plaintiff in any material proceeding or pending litigation during the period of this report. Other than as disclosed above, we know of no other proceedings in which our directors, officers or any affiliates, or any registered or beneficial shareholder, is an adverse party or has a material interest adverse to our interest during the period of this report.
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.
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- 6
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- 16SEC EDGARThomas D. Spruce, President
- 17SEC EDGARJames M. Cassidy, President
- 18
- 19
- 20SEC EDGARJames K. McKillop, Vice President
- 21SEC EDGARExecutive or director change
- 22SEC EDGARChange of auditor
- 23SEC EDGAROther events
- 24
- 25
- 26SEC EDGAROther events
- 27
- 28SEC EDGAREntered a material agreement
- 29
- 30
- 31
- 32SEC EDGARExecutive or director change
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