RWAXOTCWholesale-Durable GoodsUS GAAP · USD

Tap Real Estate Technologies, Inc.

TAP Real Estate Technologies, Inc. is a U.S.-based public company with filings that identify it as HUMBL, Inc. in the report signature block. Based on the available disclosures, it appears to operate as a small reporting company with limited public detail on its commercial activities, products, or operating footprint.

Revenue0.0m USD
Operating profit (EBIT)-7.6m USD
+8.2 %y/y
Net income-16.0m USD
−10.6 %y/y

Fiscal year 2025 · change from previous year

Development 2021–2025

-40-30-20-10010m USD2021: 1.4 m USD2021: EBIT -28 m USD20212022: 0.45 m USD2022: EBIT -38 m USD20222023: 1.0 m USD2023: EBIT -13 m USD20232024: 0.00 m USD2024: EBIT -8.3 m USD20242025: 0.00 m USD2025: EBIT -7.6 m USD20250.00-7.6
RevenueOperating profit (EBIT)

Business

Share of revenue
Corporate and public-company activities100 %

Includes SEC reporting, governance, and administrative functions disclosed in the filings.

Customers

The provided excerpts do not disclose a clear customer base, end market, or commercial product mix. Any customer profile would therefore be speculative, and the company’s filings in the excerpt focus on corporate reporting rather than operating demand.

Undisclosed commercial customers

No customer segment is described in the provided materials.

Investors and regulators

Receive corporate disclosures, filings, and governance information.

Strategy

The excerpts do not provide a substantive operating strategy, product roadmap, or market-expansion plan. The visible priorities are limited to maintaining SEC compliance and completing periodic reporting as a public company.

SEC reporting and complianceShort term

The available filings emphasize corporate disclosure obligations rather than operating detail.

Geography

The company is identified as a United States issuer, and the only concrete location in the excerpts is its San Diego, California mailing address for corporate correspondence. No operating-country or revenue-by-country disclosure is provided in the supplied material.

Risks

The main risk visible from the excerpts is disclosure opacity: investors have limited visibility into products, customers, and operating economics. As a smaller reporting company, the business may also face the typical risks of limited scale, dependence on capital markets, and execution uncertainty, but the supplied excerpts do not quantify these issues.

Sorted by severity
Limited operating disclosureHigh

The excerpts do not identify products, customers, or revenue geography, reducing transparency for investors.

Exposure: Business model visibility

Small reporting company profileMedium

Smaller issuers often have fewer resources, less diversification, and greater execution risk.

Exposure: Corporate scale

Capital market dependenceMedium

Public micro-cap companies may rely on external financing to support operations.

Exposure: Liquidity and funding

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Accounting

Judgemental items
Revenue recognition

No disclosure is provided on when or how revenue is recognized, limiting comparability.

Impact: Could materially affect reported sales timing if operating revenue exists

Estimates and valuation judgments

The excerpt does not show asset, liability, or fair-value assumptions.

Impact: Potentially important if the company holds intangible or financial assets

Disclosure completeness

Sparse filing detail makes it difficult to evaluate accounting quality and consistency.

Impact: Reduces investor confidence in reported metrics

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026