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

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

-100.0%Revenue growth, 20254

Financial statements

Revenue56784$0 in 2025
0$500.0K$1.0M$1.5M2019: $686.4K$686.4K20192020: $1.1M$1.1M2020+66%2022: $0$020222023: $60.0K$60.0K20232024: $105.0K$105.0K2024+75%2025: $0$02025
Gross profit6$371.1K in 2020+65% since 2019
0$100.0K$200.0K$300.0K$400.0K2019: $224.8K$224.8K20192020: $371.1K$371.1K2020+65%
Operating income69784-$668.8K in 2025+53% since 2019
-$3.0M-$2.0M-$1.0M02019: -$438.4K-$438.4K20192020: -$2.9M-$2.9M2020+561%2021: -$2.5M-$2.5M2021−12%2022: -$442.0K-$442.0K2022−83%2023: -$813.0K-$813.0K2023+84%2024: -$609.5K-$609.5K2024−25%2025: -$668.8K-$668.8K2025+10%
Net income6109784-$593.8K in 2025+34% since 2019
-$3.0M-$2.0M-$1.0M02019: -$442.8K-$442.8K20192020: -$2.9M-$2.9M2020+557%2021: -$2.6M-$2.6M2021−11%2022: -$447.4K-$447.4K2022−83%2023: -$830.6K-$830.6K2023+86%2024: -$634.5K-$634.5K2024−24%2025: -$593.8K-$593.8K2025−6%

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

Period ending2025-12-312024-12-31
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, Basic53.3M shares52.2M shares
Weighted Average Number of Shares Outstanding, Diluted53.3M shares52.2M shares

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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.

Board members and other officers (7)

Former names

  • Electronic Servitor Publication Network Inc.Oct 14, 2021 to Sep 26, 20232
  • CannAssist International CorpJun 18, 2018 to Sep 8, 20212
  • Iris Grove Acquisition CorpJul 7, 2017 to May 23, 20182

Timeline

  1. Mar 31, 20268-K Executive or director change21
  2. Mar 31, 20268-K Change of auditor22
  3. Jun 5, 20248-K Other events23
  4. May 17, 20248-K Change of auditor; Earlier financial statements no longer reliable; Executive or director change24
  5. Jan 2, 20248-K Entered a material agreement; Completed an acquisition or sale; Regulation FD disclosure25
  6. Dec 27, 2023New chief executive Peter Martin Hager becomes CEO12
  7. Oct 25, 20238-K Other events26
  8. Oct 19, 20238-K Entered a material agreement; Executive or director change27
  9. Oct 4, 20238-K Entered a material agreement28
  10. Sep 26, 20238-K Entered a material agreement; Executive or director change29
  11. Feb 8, 20238-K Entered a material agreement; Executive or director change30
  12. Nov 21, 20228-K Executive or director change; Bylaws or fiscal year changed31
  13. May 19, 20228-K Executive or director change32
  14. Oct 22, 2021New chief executive Anthony Sanneh becomes CEO14
  15. Oct 19, 2021New chief executive Jonathan Todd Sweetser becomes CEO13
  16. 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:

  1. Aug 13, 202610-Q FORM 10-Q FOR JUN 2026 EDGAR
  2. Aug 6, 202610-Q FORM 10-Q FOR MAR 2026 EDGAR
  3. Jul 6, 202610-K FORM 10-K FOR DEC 2025 EDGAR
  4. Jun 23, 202610-Q FORM 10-Q FOR SEP 2025 EDGAR
  5. Jun 23, 202610-Q FORM 10-Q FOR JUN 2025 EDGAR
  6. Jun 17, 202610-Q FORM 10-Q FOR MAR 2025 EDGAR
  7. Jun 11, 202610-K ANNUAL REPORT EDGAR
  8. Jun 1, 202610-Q FORM 10-Q FOR SEP 2024 EDGAR
  9. Jun 1, 202610-Q FORM 10-Q FOR JUN 2024 EDGAR
  10. May 5, 202610-Q FORM 10-Q FOR MAR 2024 EDGAR
  11. Mar 31, 20268-K CURRENT REPORT EDGAR
  12. Mar 31, 20268-K CURRENT REPORT EDGAR
  13. Jun 5, 20248-K CURRENT REPORT EDGAR
  14. May 17, 20248-K EDGAR
  15. May 16, 2024NT 10-Q EXTENSION EDGAR
  16. Apr 1, 202410-K FORM 10-K FOR 12/31/23 EDGAR
  17. Jan 4, 20243 EDGAR
  18. Jan 2, 20248-K CURRENT REPORT EDGAR
  19. Dec 27, 20234 EDGAR
  20. 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.

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

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