Webstar Technology Group Inc.

Webstar Technology Group Inc. reported a significant increase in net loss to $(1,448,672) for the three months ended March 31, 2026, compared to $(61,378) in the prior year, with no revenue generated. The company defaulted on a $33.7 million promissory note related to its Forge Atlanta real estate development project, leading to an increased interest rate and ongoing restructuring discussions. These financial challenges, including an accumulated deficit of over $50 million and a working capital deficit, raise substantial doubt about the company's ability to continue as a going concern.

Webstar Technology Group Inc. filed an 8-K to report a change in its certifying accountant. The earliest event reported related to this change was December 17, 2025. Specific details regarding the former and new auditor, or the reasons for the change, were not provided in the available text.

Webstar Technology Group Inc. has filed its annual report on Form 10-K for the fiscal year ended December 31, 2025. The company confirmed its status as a non-accelerated filer and a smaller reporting company. It also indicated that it has filed all reports required by Section 13 or 15(d) of the Exchange Act during the preceding 12 months.