10-Q 1 form10-q.htm
0001119190 false --12-31 Q2 P22M P22M P22M P22M P22M P22M P22M P22M P22M P22M P2Y 0001119190 2022-01-01 2022-06-30 0001119190 2022-08-12 0001119190 2022-06-30 0001119190 2021-12-31 0001119190 us-gaap:SeriesAPreferredStockMember 2022-06-30 0001119190 us-gaap:SeriesAPreferredStockMember 2021-12-31 0001119190 us-gaap:SeriesBPreferredStockMember 2022-06-30 0001119190 us-gaap:SeriesBPreferredStockMember 2021-12-31 0001119190 2021-01-01 2021-06-30 0001119190 2022-04-01 2022-06-30 0001119190 2021-04-01 2021-06-30 0001119190 us-gaap:SeriesAPreferredStockMember us-gaap:PreferredStockMember 2020-12-31 0001119190 us-gaap:SeriesBPreferredStockMember us-gaap:PreferredStockMember 2020-12-31 0001119190 us-gaap:CommonStockMember 2020-12-31 0001119190 us-gaap:AdditionalPaidInCapitalMember 2020-12-31 0001119190 us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember 2020-12-31 0001119190 us-gaap:RetainedEarningsMember 2020-12-31 0001119190 2020-12-31 0001119190 us-gaap:SeriesAPreferredStockMember us-gaap:PreferredStockMember 2021-03-31 0001119190 us-gaap:SeriesBPreferredStockMember us-gaap:PreferredStockMember 2021-03-31 0001119190 us-gaap:CommonStockMember 2021-03-31 0001119190 us-gaap:AdditionalPaidInCapitalMember 2021-03-31 0001119190 us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember 2021-03-31 0001119190 us-gaap:RetainedEarningsMember 2021-03-31 0001119190 2021-03-31 0001119190 us-gaap:SeriesAPreferredStockMember us-gaap:PreferredStockMember 2021-12-31 0001119190 us-gaap:SeriesBPreferredStockMember us-gaap:PreferredStockMember 2021-12-31 0001119190 us-gaap:CommonStockMember 2021-12-31 0001119190 us-gaap:AdditionalPaidInCapitalMember 2021-12-31 0001119190 us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember 2021-12-31 0001119190 us-gaap:RetainedEarningsMember 2021-12-31 0001119190 us-gaap:SeriesAPreferredStockMember us-gaap:PreferredStockMember 2022-03-31 0001119190 us-gaap:SeriesBPreferredStockMember us-gaap:PreferredStockMember 2022-03-31 0001119190 us-gaap:CommonStockMember 2022-03-31 0001119190 us-gaap:AdditionalPaidInCapitalMember 2022-03-31 0001119190 us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember 2022-03-31 0001119190 us-gaap:RetainedEarningsMember 2022-03-31 0001119190 2022-03-31 0001119190 us-gaap:SeriesAPreferredStockMember us-gaap:PreferredStockMember 2021-01-01 2021-03-31 0001119190 us-gaap:SeriesBPreferredStockMember us-gaap:PreferredStockMember 2021-01-01 2021-03-31 0001119190 us-gaap:CommonStockMember 2021-01-01 2021-03-31 0001119190 us-gaap:AdditionalPaidInCapitalMember 2021-01-01 2021-03-31 0001119190 us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember 2021-01-01 2021-03-31 0001119190 us-gaap:RetainedEarningsMember 2021-01-01 2021-03-31 0001119190 2021-01-01 2021-03-31 0001119190 us-gaap:SeriesAPreferredStockMember us-gaap:PreferredStockMember 2021-04-01 2021-06-30 0001119190 us-gaap:SeriesBPreferredStockMember us-gaap:PreferredStockMember 2021-04-01 2021-06-30 0001119190 us-gaap:CommonStockMember 2021-04-01 2021-06-30 0001119190 us-gaap:AdditionalPaidInCapitalMember 2021-04-01 2021-06-30 0001119190 us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember 2021-04-01 2021-06-30 0001119190 us-gaap:RetainedEarningsMember 2021-04-01 2021-06-30 0001119190 us-gaap:SeriesAPreferredStockMember us-gaap:PreferredStockMember 2022-01-01 2022-03-31 0001119190 us-gaap:SeriesBPreferredStockMember us-gaap:PreferredStockMember 2022-01-01 2022-03-31 0001119190 us-gaap:CommonStockMember 2022-01-01 2022-03-31 0001119190 us-gaap:AdditionalPaidInCapitalMember 2022-01-01 2022-03-31 0001119190 us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember 2022-01-01 2022-03-31 0001119190 us-gaap:RetainedEarningsMember 2022-01-01 2022-03-31 0001119190 2022-01-01 2022-03-31 0001119190 us-gaap:SeriesAPreferredStockMember us-gaap:PreferredStockMember 2022-04-01 2022-06-30 0001119190 us-gaap:SeriesBPreferredStockMember us-gaap:PreferredStockMember 2022-04-01 2022-06-30 0001119190 us-gaap:CommonStockMember 2022-04-01 2022-06-30 0001119190 us-gaap:AdditionalPaidInCapitalMember 2022-04-01 2022-06-30 0001119190 us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember 2022-04-01 2022-06-30 0001119190 us-gaap:RetainedEarningsMember 2022-04-01 2022-06-30 0001119190 us-gaap:SeriesAPreferredStockMember us-gaap:PreferredStockMember 2021-06-30 0001119190 us-gaap:SeriesBPreferredStockMember us-gaap:PreferredStockMember 2021-06-30 0001119190 us-gaap:CommonStockMember 2021-06-30 0001119190 us-gaap:AdditionalPaidInCapitalMember 2021-06-30 0001119190 us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember 2021-06-30 0001119190 us-gaap:RetainedEarningsMember 2021-06-30 0001119190 2021-06-30 0001119190 us-gaap:SeriesAPreferredStockMember us-gaap:PreferredStockMember 2022-06-30 0001119190 us-gaap:SeriesBPreferredStockMember us-gaap:PreferredStockMember 2022-06-30 0001119190 us-gaap:CommonStockMember 2022-06-30 0001119190 us-gaap:AdditionalPaidInCapitalMember 2022-06-30 0001119190 us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember 2022-06-30 0001119190 us-gaap:RetainedEarningsMember 2022-06-30 0001119190 HMBL:IxayaMember 2022-01-01 2022-06-30 0001119190 HMBL:IxayaMember 2021-01-01 2021-06-30 0001119190 HMBL:TickeriIncMember 2022-01-01 2022-06-30 0001119190 HMBL:TickeriIncMember 2021-01-01 2021-06-30 0001119190 HMBL:BizSecurMember 2022-01-01 2022-06-30 0001119190 HMBL:BizSecurMember 2021-01-01 2021-06-30 0001119190 HMBL:MonsterCreativeLLCMember 2022-01-01 2022-06-30 0001119190 HMBL:MonsterCreativeLLCMember 2021-01-01 2021-06-30 0001119190 HMBL:MergerAgreementMember HMBL:HUMBLLLCMember 2020-12-03 0001119190 HMBL:MergerAgreementMember HMBL:HUMBLLLCMember us-gaap:SeriesBPreferredStockMember 2020-12-02 2020-12-03 0001119190 HMBL:HUMBLLLCMember 2020-12-03 0001119190 HMBL:HenryBoucherMember us-gaap:SeriesAPreferredStockMember us-gaap:NotesPayableOtherPayablesMember 2022-01-01 2022-06-30 0001119190 HMBL:HenryBoucherMember us-gaap:CommonStockMember us-gaap:NotesPayableOtherPayablesMember 2022-01-01 2022-06-30 0001119190 HMBL:BrianFooteMember us-gaap:NotesPayableOtherPayablesMember 2022-01-01 2022-06-30 0001119190 HMBL:HUMBLLLCMember us-gaap:SeriesAPreferredStockMember 2022-01-01 2022-06-30 0001119190 HMBL:TickeriIncMember HMBL:HUMBLIncMember 2021-06-03 0001119190 HMBL:TickeriIncMember HMBL:HUMBLIncMember 2021-06-02 2021-06-03 0001119190 HMBL:TickeriIncMember HMBL:HUMBLIncMember us-gaap:CommonStockMember 2021-06-02 2021-06-03 0001119190 HMBL:TickeriIncMember HMBL:HUMBLIncMember HMBL:TwoPromissoryNotesMember 2021-06-02 2021-06-03 0001119190 HMBL:JuanAndJavierGonzalezMember 2021-06-02 2021-06-03 0001119190 HMBL:TickeriIncMember HMBL:SecuredPromissoryNoteMember HMBL:JuanAndJavierGonzalezMember 2021-06-03 0001119190 HMBL:JuanAndJavierGonzalezMember 2022-01-01 2022-06-30 0001119190 HMBL:MonsterCreativeLLCMember HMBL:OneConvertibleNoteAndOneNonConvertibleNoteMember HMBL:DougBrandtAndKevinChildressMember 2021-06-30 0001119190 HMBL:MonsterCreativeLLCMember HMBL:ConvertibleNotesMember HMBL:DougBrandtAndKevinChildressMember 2021-06-30 0001119190 HMBL:MonsterCreativeLLCMember HMBL:ConvertibleNotesMember HMBL:DougBrandtAndKevinChildressMember 2021-01-01 2021-06-30 0001119190 HMBL:MonsterCreativeLLCMember HMBL:NonConvertibleNotesMember HMBL:DougBrandtAndKevinChildressMember 2021-06-30 0001119190 HMBL:MonsterCreativeLLCMember HMBL:OneConvertibleNoteAndOneNonConvertibleNoteMember HMBL:DougBrandtMember 2022-01-01 2022-06-30 0001119190 HMBL:MonsterCreativeLLCMember HMBL:OneConvertibleNoteAndOneNonConvertibleNoteMember HMBL:KevinChildressMember 2022-01-01 2022-06-30 0001119190 2022-03-29 2022-04-02 0001119190 us-gaap:RestrictedStockUnitsRSUMember 2022-03-29 2022-04-02 0001119190 HMBL:StockPurchaseAgreementMember 2022-03-01 2022-03-03 0001119190 srt:ManagementMember 2022-06-30 0001119190 HMBL:TickeriIncMember 2022-06-30 0001119190 HMBL:DigitalCurrencyMember 2022-01-01 2022-06-30 0001119190 HMBL:TickeriIncMember 2022-01-01 2022-06-30 0001119190 HMBL:MonsterCreativeLLCMember 2022-01-01 2022-06-30 0001119190 HMBL:BizSecureIncMember 2022-01-01 2022-06-30 0001119190 HMBL:IxayaIncMember 2022-01-01 2022-06-30 0001119190 HMBL:TickeriIncMember 2021-06-03 0001119190 HMBL:TickeriIncMember 2021-06-02 2021-06-03 0001119190 HMBL:MonsterCreativeLLCMember 2021-06-30 0001119190 HMBL:MonsterCreativeLLCMember 2021-06-29 2021-06-30 0001119190 HMBL:BizSecureIncMember us-gaap:CustomerRelationshipsMember 2022-02-12 0001119190 HMBL:BizSecureIncMember us-gaap:IntellectualPropertyMember 2022-02-12 0001119190 HMBL:BizSecureIncMember 2022-02-12 0001119190 HMBL:BizSecureIncMember 2022-02-10 2022-02-12 0001119190 HMBL:IxayaIncMember 2022-03-03 0001119190 HMBL:IxayaIncMember us-gaap:IntellectualPropertyMember 2022-03-03 0001119190 HMBL:IxayaIncMember 2022-03-02 2022-03-03 0001119190 HMBL:TickeriIncMember us-gaap:CommonStockMember 2021-06-02 2021-06-03 0001119190 HMBL:TickeriIncMember HMBL:NotesPayableMember 2021-06-02 2021-06-03 0001119190 HMBL:MonsterCreativeLLCMember us-gaap:ConvertibleNotesPayableMember 2021-06-29 2021-06-30 0001119190 HMBL:MonsterCreativeLLCMember HMBL:NonConvertibleNotesPayableMember 2021-06-29 2021-06-30 0001119190 HMBL:BizSecureIncMember us-gaap:CommonStockMember 2022-02-10 2022-02-12 0001119190 HMBL:BizSecureIncMember us-gaap:RestrictedStockUnitsRSUMember 2022-02-10 2022-02-12 0001119190 HMBL:IxayaIncMember us-gaap:CashMember 2022-03-02 2022-03-03 0001119190 HMBL:IxayaIncMember us-gaap:CommonStockMember 2022-03-02 2022-03-03 0001119190 HMBL:BizSecureIncMember 2022-02-11 2022-02-12 0001119190 us-gaap:RestrictedStockUnitsRSUMember HMBL:BizSecureIncMember 2022-02-11 2022-02-12 0001119190 HMBL:IxayaIncMember 2022-03-31 0001119190 HMBL:ServiceProductionMember 2022-01-01 2022-06-30 0001119190 HMBL:ServiceProductionMember 2021-01-01 2021-06-30 0001119190 HMBL:ServiceIxayaMember 2022-01-01 2022-06-30 0001119190 HMBL:ServiceIxayaMember 2021-01-01 2021-06-30 0001119190 HMBL:MerchandiseMember 2022-01-01 2022-06-30 0001119190 HMBL:MerchandiseMember 2021-01-01 2021-06-30 0001119190 HMBL:TicketsMember 2022-01-01 2022-06-30 0001119190 HMBL:TicketsMember 2021-01-01 2021-06-30 0001119190 HMBL:NFTMember 2022-01-01 2022-06-30 0001119190 HMBL:NFTMember 2021-01-01 2021-06-30 0001119190 HMBL:RentalIncomeMember 2022-01-01 2022-06-30 0001119190 HMBL:RentalIncomeMember 2021-01-01 2021-06-30 0001119190 HMBL:OtherMember 2022-01-01 2022-06-30 0001119190 HMBL:OtherMember 2021-01-01 2021-06-30 0001119190 HMBL:NonResidentialPropertyMember 2022-06-30 0001119190 HMBL:NonResidentialPropertyMember 2021-12-31 0001119190 HMBL:NonResidentialPropertyMember 2021-01-01 2021-12-31 0001119190 us-gaap:EquipmentMember 2022-06-30 0001119190 us-gaap:EquipmentMember 2021-12-31 0001119190 us-gaap:EquipmentMember 2021-01-01 2021-12-31 0001119190 us-gaap:FurnitureAndFixturesMember 2022-06-30 0001119190 us-gaap:FurnitureAndFixturesMember 2021-12-31 0001119190 us-gaap:FurnitureAndFixturesMember 2021-01-01 2021-12-31 0001119190 HMBL:NonResidentialPropertyMember 2022-01-01 2022-06-30 0001119190 us-gaap:EquipmentMember 2022-01-01 2022-06-30 0001119190 us-gaap:FurnitureAndFixturesMember 2022-01-01 2022-06-30 0001119190 us-gaap:IntellectualPropertyMember 2022-01-01 2022-06-30 0001119190 us-gaap:CustomerRelationshipsMember 2022-01-01 2022-06-30 0001119190 HMBL:DomainNamesMember 2022-01-01 2022-06-30 0001119190 HMBL:BizSecureMember 2022-02-01 2022-02-28 0001119190 HMBL:IxayaMember 2022-01-01 2022-03-31 0001119190 HMBL:TickeriMember 2021-01-01 2021-12-31 0001119190 HMBL:MonsterCreativeTransactionMember 2021-01-01 2021-12-31 0001119190 HMBL:IxayaMember 2022-01-01 2022-03-31 0001119190 HMBL:TickeriMember 2022-06-30 0001119190 HMBL:TickeriMember 2021-12-31 0001119190 HMBL:MonsterCreativeMember 2022-06-30 0001119190 HMBL:MonsterCreativeMember 2021-12-31 0001119190 HMBL:BizSecureMember 2022-06-30 0001119190 HMBL:BizSecureMember 2021-12-31 0001119190 HMBL:IxayaMember 2022-06-30 0001119190 HMBL:IxayaMember 2021-12-31 0001119190 HMBL:DigitalCurrencyMember 2021-01-01 2021-12-31 0001119190 2021-01-01 2021-12-31 0001119190 HMBL:DigitalCurrencyMember 2022-03-01 2022-03-31 0001119190 HMBL:DigitalCurrencyMember 2022-06-30 0001119190 us-gaap:MediaContentMember 2022-06-30 0001119190 us-gaap:MediaContentMember us-gaap:OtherNoncurrentAssetsMember 2022-06-30 0001119190 us-gaap:MediaContentMember 2021-12-31 0001119190 HMBL:ETHMember 2021-12-31 0001119190 HMBL:BlocksMember 2021-12-31 0001119190 HMBL:BTCMember 2021-12-31 0001119190 HMBL:WETHMember 2021-12-31 0001119190 HMBL:DAIMember 2021-12-31 0001119190 HMBL:USDCMember 2021-12-31 0001119190 HMBL:ETHMember 2022-01-01 2022-06-30 0001119190 HMBL:BlocksMember 2022-01-01 2022-06-30 0001119190 HMBL:BTCMember 2022-01-01 2022-06-30 0001119190 HMBL:WETHMember 2022-01-01 2022-06-30 0001119190 HMBL:DAIMember 2022-01-01 2022-06-30 0001119190 HMBL:USDCMember 2022-01-01 2022-06-30 0001119190 HMBL:ETHMember 2022-06-30 0001119190 HMBL:BlocksMember 2022-06-30 0001119190 HMBL:BTCMember 2022-06-30 0001119190 HMBL:WETHMember 2022-06-30 0001119190 HMBL:DAIMember 2022-06-30 0001119190 HMBL:USDCMember 2022-06-30 0001119190 2022-03-03 0001119190 2022-03-01 2022-03-03 0001119190 us-gaap:NotesPayableToBanksMember 2022-06-30 0001119190 HMBL:NotesPayableMember 2022-01-01 2022-06-30 0001119190 HMBL:NotesPayableOneMember 2022-06-30 0001119190 HMBL:NotesPayableOneMember 2021-12-31 0001119190 HMBL:NotePayableOneMember 2021-12-31 0001119190 HMBL:NotePayableOneMember 2021-01-01 2021-12-31 0001119190 HMBL:EIDLLoanMember 2022-06-30 0001119190 HMBL:EIDLLoanMember 2021-12-31 0001119190 HMBL:NotePayableTwoMember HMBL:TickeriMember 2021-12-31 0001119190 HMBL:NotePayableTwoMember HMBL:TickeriMember 2021-01-01 2021-12-31 0001119190 HMBL:NotePayableOneMember 2022-06-30 0001119190 HMBL:NotePayableOneMember 2022-01-01 2022-06-30 0001119190 HMBL:NotePayableTwoMember HMBL:TickeriMember 2022-06-30 0001119190 HMBL:NotePayableTwoMember HMBL:TickeriMember 2022-01-01 2022-06-30 0001119190 HMBL:NotesPayableMember 2022-06-30 0001119190 HMBL:ConvertiblePromissoryNotesRelatedPartiesMember 2022-06-30 0001119190 HMBL:PaycheckProtectionProgramMember 2021-01-01 2021-12-31 0001119190 HMBL:NotesPayableMember 2021-01-01 2021-06-30 0001119190 HMBL:NotesPayableRelatedPartiesMember 2022-01-01 2022-06-30 0001119190 HMBL:NotesPayableMember 2022-06-30 0001119190 HMBL:NotesPayableMember 2021-12-31 0001119190 HMBL:NotePayableRelatePartiesMember 2021-01-01 2021-12-31 0001119190 HMBL:NotePayableRelatePartiesOneMember 2021-01-01 2021-12-31 0001119190 HMBL:NotesPayableTwoMember 2022-06-30 0001119190 HMBL:NotesPayableTwoMember 2021-12-31 0001119190 HMBL:NotePayableRelatePartiesTwoMember 2021-01-01 2021-12-31 0001119190 HMBL:NotesPayableThreeMember 2022-06-30 0001119190 HMBL:NotesPayableThreeMember 2021-12-31 0001119190 HMBL:NotesPayableFourMember 2022-06-30 0001119190 HMBL:NotesPayableFourMember 2021-12-31 0001119190 HMBL:IxayaIncMember 2022-06-30 0001119190 HMBL:IxayaIncMember 2021-12-31 0001119190 HMBL:NotePayableRelatePartiesMember 2022-06-30 0001119190 HMBL:NotePayableRelatePartiesMember 2021-12-31 0001119190 HMBL:NotePayableRelatePartiesMember 2022-01-01 2022-06-30 0001119190 HMBL:NotePayableRelatePartiesOneMember 2022-06-30 0001119190 HMBL:NotePayableRelatePartiesOneMember 2021-12-31 0001119190 HMBL:NotePayableRelatePartiesOneMember 2022-01-01 2022-06-30 0001119190 HMBL:NotePayableRelatePartiesTwoMember 2022-06-30 0001119190 HMBL:NotePayableRelatePartiesTwoMember 2021-12-31 0001119190 HMBL:NotePayableRelatePartiesTwoMember 2022-01-01 2022-06-30 0001119190 HMBL:NotesPayableThreeMember 2022-06-30 0001119190 HMBL:NotesPayableThreeMember 2021-12-31 0001119190 HMBL:NotesPayableThreeMember 2022-01-01 2022-06-30 0001119190 HMBL:NotesPayableFourMember 2022-06-30 0001119190 HMBL:NotesPayableFourMember 2021-12-31 0001119190 HMBL:NotesPayableFourMember 2022-01-01 2022-06-30 0001119190 HMBL:NotesPayableRelatedPartiesMember 2022-06-30 0001119190 HMBL:NotesPayableRelatedPartiesMember 2021-01-01 2021-06-30 0001119190 HMBL:ConvertiblePromissoryNotesMember 2022-01-01 2022-06-30 0001119190 HMBL:ConvertibleNoteOneMember 2022-06-30 0001119190 HMBL:ConvertibleNoteOneMember 2021-12-31 0001119190 HMBL:ConvertibleNoteOneMember 2021-01-01 2021-12-31 0001119190 HMBL:ConvertibleNoteTwoMember 2022-06-30 0001119190 HMBL:ConvertibleNoteTwoMember 2021-12-31 0001119190 HMBL:ConvertibleNoteTwoMember 2021-01-01 2021-12-31 0001119190 HMBL:ConvertibleNoteThreeMember 2022-06-30 0001119190 HMBL:ConvertibleNoteThreeMember 2021-12-31 0001119190 HMBL:ConvertibleNoteThreeMember 2021-01-01 2021-12-31 0001119190 HMBL:ConvertibleNoteFourMember 2022-06-30 0001119190 HMBL:ConvertibleNoteFourMember 2021-12-31 0001119190 HMBL:ConvertibleNoteFourMember 2021-01-01 2021-12-31 0001119190 HMBL:ConvertibleNoteFiveMember 2022-06-30 0001119190 HMBL:ConvertibleNoteFiveMember 2021-12-31 0001119190 HMBL:ConvertibleNoteFiveMember 2021-01-01 2021-12-31 0001119190 HMBL:ConvertibleNoteSixMember 2022-06-30 0001119190 HMBL:ConvertibleNoteSixMember 2021-12-31 0001119190 HMBL:ConvertibleNoteSixMember 2021-01-01 2021-12-31 0001119190 HMBL:ConvertibleNoteSevenMember 2022-06-30 0001119190 HMBL:ConvertibleNoteSevenMember 2021-12-31 0001119190 HMBL:ConvertibleNoteSevenMember 2021-01-01 2021-12-31 0001119190 HMBL:ConvertibleNoteEightMember 2022-06-30 0001119190 HMBL:ConvertibleNoteEightMember 2021-12-31 0001119190 HMBL:ConvertibleNoteEightMember 2021-01-01 2021-12-31 0001119190 HMBL:ConvertibleNoteNineMember 2022-06-30 0001119190 HMBL:ConvertibleNoteNineMember 2021-12-31 0001119190 HMBL:ConvertibleNoteNineMember 2021-01-01 2021-12-31 0001119190 HMBL:ConvertibleNoteTenMember 2022-06-30 0001119190 HMBL:ConvertibleNoteTenMember 2021-12-31 0001119190 HMBL:ConvertibleNoteTenMember 2021-01-01 2021-12-31 0001119190 HMBL:ConvertibleNoteElevenMember 2022-06-30 0001119190 HMBL:ConvertibleNoteElevenMember 2021-12-31 0001119190 HMBL:ConvertibleNoteElevenMember 2021-01-01 2021-12-31 0001119190 HMBL:ConvertibleNoteTwelveMember 2022-06-30 0001119190 HMBL:ConvertibleNoteTwelveMember 2021-12-31 0001119190 HMBL:ConvertibleNoteTwelveMember 2021-01-01 2021-12-31 0001119190 HMBL:ConvertibleNoteThirteenMember 2022-06-30 0001119190 HMBL:ConvertibleNoteThirteenMember 2021-12-31 0001119190 HMBL:ConvertibleNoteThirteenMember 2021-01-01 2021-12-31 0001119190 HMBL:ConvertiblePromissoryNotesMember 2022-06-30 0001119190 HMBL:ConvertiblePromissoryNotesMember 2021-12-31 0001119190 HMBL:ConvertibleNoteOneMember 2022-01-01 2022-06-30 0001119190 HMBL:ConvertibleNoteTwoMember 2022-01-01 2022-06-30 0001119190 HMBL:ConvertibleNoteThreeMember 2022-01-01 2022-06-30 0001119190 HMBL:ConvertibleNoteFourMember 2022-01-01 2022-06-30 0001119190 HMBL:ConvertibleNoteFiveMember 2022-01-01 2022-06-30 0001119190 HMBL:ConvertibleNoteSixMember 2022-01-01 2022-06-30 0001119190 HMBL:ConvertibleNoteSevenMember 2022-01-01 2022-06-30 0001119190 HMBL:ConvertibleNoteEightMember 2022-01-01 2022-06-30 0001119190 HMBL:ConvertibleNoteNineMember 2022-01-01 2022-06-30 0001119190 HMBL:ConvertibleNoteTenMember 2022-01-01 2022-06-30 0001119190 HMBL:ConvertibleNoteElevenMember 2022-01-01 2022-06-30 0001119190 HMBL:ConvertibleNoteTwelveMember 2022-01-01 2022-06-30 0001119190 HMBL:ConvertibleNoteThirteenMember 2022-01-01 2022-06-30 0001119190 HMBL:ConvertiblePromissoryNoteMember HMBL:BrightonCapitalPartnersLLCMember 2021-04-14 0001119190 HMBL:ConvertiblePromissoryNoteMember HMBL:BrightonCapitalPartnersLLCMember 2021-04-01 2021-04-14 0001119190 HMBL:ConvertiblePromissoryNoteMember HMBL:BrightonCapitalPartnersLLCMember HMBL:EquityFinancingAgreementMember 2021-04-14 0001119190 HMBL:ConvertiblePromissoryNoteOneMember us-gaap:InvestorMember 2021-05-13 0001119190 HMBL:ConvertiblePromissoryNoteOneMember us-gaap:InvestorMember 2021-05-01 2021-05-13 0001119190 HMBL:ConvertiblePromissoryNoteTwoMember us-gaap:InvestorMember 2021-05-13 0001119190 HMBL:ConvertiblePromissoryNoteTwoMember us-gaap:InvestorMember 2021-05-01 2021-05-13 0001119190 HMBL:ConvertiblePromissoryNoteThreeMember us-gaap:InvestorMember 2021-05-17 0001119190 HMBL:ConvertiblePromissoryNoteThreeMember us-gaap:InvestorMember 2021-05-01 2021-05-17 0001119190 HMBL:ConvertiblePromissoryNoteFourMember us-gaap:InvestorMember 2021-05-19 0001119190 HMBL:ConvertiblePromissoryNoteFourMember us-gaap:InvestorMember 2021-05-01 2021-05-19 0001119190 HMBL:ConvertiblePromissoryNoteFiveMember us-gaap:InvestorMember 2021-05-19 0001119190 HMBL:ConvertiblePromissoryNoteFiveMember us-gaap:InvestorMember 2021-05-01 2021-05-19 0001119190 HMBL:ConvertiblePromissoryNoteSixMember us-gaap:InvestorMember 2021-05-19 0001119190 HMBL:ConvertiblePromissoryNoteSixMember us-gaap:InvestorMember 2021-05-01 2021-05-19 0001119190 HMBL:ConvertiblePromissoryNoteSevenMember us-gaap:InvestorMember 2021-06-21 0001119190 HMBL:ConvertiblePromissoryNoteSevenMember us-gaap:InvestorMember 2021-06-01 2021-06-21 0001119190 HMBL:ConvertiblePromissoryNoteEightMember us-gaap:InvestorMember 2021-06-01 2021-06-21 0001119190 HMBL:ConvertiblePromissoryNoteEightMember us-gaap:InvestorMember 2021-06-21 0001119190 HMBL:ConvertiblePromissoryNoteNineMember us-gaap:InvestorMember 2021-08-30 0001119190 HMBL:ConvertiblePromissoryNoteNineMember us-gaap:InvestorMember 2021-08-01 2021-08-30 0001119190 HMBL:ConvertiblePromissoryNoteTenMember us-gaap:InvestorMember 2021-11-12 0001119190 HMBL:ConvertiblePromissoryNoteTenMember us-gaap:InvestorMember 2021-11-01 2021-11-12 0001119190 HMBL:ConvertiblePromissoryNotesElevenMember 2022-06-30 0001119190 HMBL:ConvertiblePromissoryNotesElevenMember 2021-06-30 0001119190 HMBL:ConvertiblePromissoryNotesMember 2021-01-01 2021-06-30 0001119190 us-gaap:ConvertibleNotesPayableMember 2022-03-31 0001119190 us-gaap:ConvertibleNotesPayableMember 2022-01-01 2022-03-31 0001119190 us-gaap:ConvertibleNotesPayableMember 2022-01-01 2022-06-30 0001119190 HMBL:ConvertiblePromissoryNotesRelatedPartiesMember 2022-01-01 2022-06-30 0001119190 HMBL:ConvertiblePromissoryNoteRelatedPartiesOneMember 2022-06-30 0001119190 HMBL:ConvertiblePromissoryNoteRelatedPartiesOneMember 2021-12-31 0001119190 HMBL:ConvertiblePromissoryNoteRelatedPartiesOneMember 2021-01-01 2021-12-31 0001119190 HMBL:ConvertiblePromissoryNoteRelatedPartiesOneMember HMBL:NoteOneMember 2021-01-01 2021-12-31 0001119190 HMBL:ConvertiblePromissoryNoteRelatedPartiesOneMember HMBL:NoteTwoMember 2021-01-01 2021-12-31 0001119190 HMBL:ConvertiblePromissoryNotesRelatedPartiesMember 2021-12-31 0001119190 HMBL:ConvertiblePromissoryNoteRelatedPartiesOneMember 2022-01-01 2022-06-30 0001119190 HMBL:ConvertiblePromissoryNoteRelatedPartiesOneMember HMBL:NoteOneMember 2022-01-01 2022-06-30 0001119190 HMBL:ConvertiblePromissoryNoteRelatedPartiesOneMember HMBL:NoteTwoMember 2022-01-01 2022-06-30 0001119190 HMBL:MonsterCreativeLLCMember us-gaap:ConvertibleNotesPayableMember HMBL:PhantomPowerLLCMember 2021-06-30 0001119190 HMBL:MonsterCreativeLLCMember us-gaap:ConvertibleNotesPayableMember HMBL:PhantomPowerLLCMember 2021-06-01 2021-06-30 0001119190 HMBL:MonsterCreativeLLCMember us-gaap:ConvertibleNotesPayableMember HMBL:KevinChildressMember 2021-06-30 0001119190 HMBL:MonsterCreativeLLCMember us-gaap:ConvertibleNotesPayableMember HMBL:KevinChildressMember 2021-06-01 2021-06-30 0001119190 HMBL:ConvertiblePromissoryNotesRelatedPartiesMember 2021-01-01 2021-06-30 0001119190 us-gaap:SeriesBPreferredStockMember 2021-10-28 0001119190 us-gaap:SeriesBPreferredStockMember 2021-10-29 0001119190 us-gaap:SeriesCPreferredStockMember 2021-10-29 0001119190 us-gaap:SeriesAPreferredStockMember 2022-01-01 2022-06-30 0001119190 us-gaap:SeriesAPreferredStockMember HMBL:FormerOfficerMember 2022-01-01 2022-06-30 0001119190 us-gaap:SeriesBPreferredStockMember 2022-01-01 2022-06-30 0001119190 HMBL:RespectiveMembersMember 2022-06-30 0001119190 HMBL:RespectiveMembersMember us-gaap:SeriesBPreferredStockMember 2022-01-01 2022-06-30 0001119190 HMBL:RespectiveMembersMember us-gaap:SeriesBPreferredStockMember 2022-06-30 0001119190 us-gaap:SeriesBPreferredStockMember 2021-02-01 2021-02-26 0001119190 us-gaap:SeriesBPreferredStockMember 2021-04-01 2021-04-15 0001119190 us-gaap:SeriesBPreferredStockMember us-gaap:ShareBasedCompensationAwardTrancheOneMember 2021-04-01 2021-04-15 0001119190 us-gaap:SeriesBPreferredStockMember us-gaap:ShareBasedCompensationAwardTrancheTwoMember 2021-04-01 2021-04-15 0001119190 us-gaap:SeriesBPreferredStockMember 2022-01-01 2022-03-31 0001119190 us-gaap:SeriesBPreferredStockMember 2021-01-01 2021-12-31 0001119190 srt:ChiefExecutiveOfficerMember us-gaap:CommonStockMember 2021-05-03 2021-05-06 0001119190 srt:ChiefExecutiveOfficerMember us-gaap:SeriesBPreferredStockMember 2021-05-03 2021-05-06 0001119190 srt:ChiefExecutiveOfficerMember us-gaap:SeriesBPreferredStockMember 2021-07-01 2021-07-06 0001119190 us-gaap:SeriesBPreferredStockMember 2021-11-18 2021-11-19 0001119190 us-gaap:SeriesBPreferredStockMember 2021-12-01 2021-12-31 0001119190 us-gaap:CommonStockMember 2021-12-01 2021-12-31 0001119190 us-gaap:SeriesBPreferredStockMember 2022-03-01 2022-03-17 0001119190 us-gaap:CommonStockMember 2022-03-01 2022-03-17 0001119190 us-gaap:SeriesBPreferredStockMember 2022-04-01 2022-06-30 0001119190 us-gaap:SeriesBPreferredStockMember 2021-10-27 2021-10-29 0001119190 2021-02-25 0001119190 2021-02-26 0001119190 us-gaap:CommonStockMember 2021-03-01 2021-03-31 0001119190 HMBL:ChileCountryRightsMember us-gaap:CommonStockMember 2021-04-01 2021-04-26 0001119190 HMBL:TickeriMember us-gaap:CommonStockMember 2021-06-02 2021-06-03 0001119190 us-gaap:CommonStockMember HMBL:SettlementOfLiabilityMember 2021-06-01 2021-06-30 0001119190 us-gaap:CommonStockMember HMBL:ConsultantMember 2021-01-01 2021-12-31 0001119190 us-gaap:CommonStockMember 2021-01-01 2021-12-31 0001119190 us-gaap:AdditionalPaidInCapitalMember 2021-01-01 2021-12-31 0001119190 us-gaap:WarrantMember 2022-01-01 2022-03-31 0001119190 HMBL:BizSecureMember 2022-01-01 2022-03-31 0001119190 us-gaap:RestrictedStockMember 2022-01-01 2022-03-31 0001119190 HMBL:LxayaMember 2022-01-01 2022-03-31 0001119190 HMBL:ConsultantsAndAdvisorsMember 2022-01-01 2022-03-31 0001119190 HMBL:ConsultantsAndAdvisorsMember us-gaap:CommonStockMember 2022-01-01 2022-03-31 0001119190 HMBL:ConsultantsAndAdvisorsMember 2022-04-01 2022-04-30 0001119190 HMBL:ConsultantsAndAdvisorsMember 2022-04-01 2022-06-30 0001119190 HMBL:ConsultantsAndAdvisorsMember us-gaap:CommonStockMember 2022-04-01 2022-06-30 0001119190 HMBL:ConsultantsAndAdvisorsMember 2022-01-01 2022-06-30 0001119190 HMBL:TwoThousandTwentyStockIncentivePlanMember 2021-07-21 0001119190 HMBL:TwoSeparateHoldersMember us-gaap:WarrantMember 2020-12-01 2020-12-04 0001119190 HMBL:TwoSeparateHoldersMember us-gaap:WarrantMember 2020-12-04 0001119190 us-gaap:WarrantMember 2020-10-01 2020-10-31 0001119190 us-gaap:WarrantMember 2020-12-01 2020-12-23 0001119190 2020-12-23 0001119190 us-gaap:WarrantMember HMBL:ConvertibleNoteAgreementsMember 2020-12-23 0001119190 us-gaap:WarrantMember HMBL:ConvertibleNoteAgreementsMember 2020-12-01 2020-12-23 0001119190 us-gaap:WarrantMember HMBL:ConvertibleNoteAgreementsMember 2021-05-13 0001119190 us-gaap:WarrantMember HMBL:ConvertibleNoteAgreementsMember 2021-05-01 2021-05-13 0001119190 us-gaap:WarrantMember HMBL:ConvertibleNoteAgreementsMember 2021-05-19 0001119190 us-gaap:WarrantMember HMBL:ConvertibleNoteAgreementsMember 2021-05-01 2021-05-19 0001119190 us-gaap:WarrantMember HMBL:ConsultingAgreementMember 2021-05-01 2021-05-21 0001119190 us-gaap:WarrantMember HMBL:ConsultingAgreementMember 2021-05-21 0001119190 us-gaap:WarrantMember HMBL:ConsultingAgreementMember 2021-05-31 0001119190 us-gaap:WarrantMember HMBL:ConsultingAgreementMember 2022-01-01 2022-06-30 0001119190 us-gaap:WarrantMember HMBL:ConsultingAgreementMember 2021-01-01 2021-12-31 0001119190 us-gaap:WarrantMember HMBL:ConvertibleNoteAgreementsMember 2021-06-21 0001119190 us-gaap:WarrantMember HMBL:ConvertibleNoteAgreementsMember 2021-06-01 2021-06-21 0001119190 us-gaap:WarrantMember HMBL:ConvertibleNoteAgreementsMember 2021-08-30 0001119190 us-gaap:WarrantMember HMBL:ConvertibleNoteAgreementsMember 2021-08-01 2021-08-30 0001119190 us-gaap:WarrantMember HMBL:ConsultingAgreementMember 2021-10-05 2021-10-06 0001119190 us-gaap:WarrantMember HMBL:ConsultingAgreementMember 2021-10-06 0001119190 us-gaap:WarrantMember 2021-01-01 2021-12-31 0001119190 us-gaap:WarrantMember 2022-01-01 2022-03-31 0001119190 us-gaap:WarrantMember 2022-01-01 2022-06-30 0001119190 us-gaap:WarrantMember us-gaap:SubsequentEventMember 2022-07-01 2022-09-30 0001119190 HMBL:CryptoncurrencyMember 2021-01-01 2021-12-31 0001119190 HMBL:PeerToPeerMember 2022-01-01 2022-09-30 0001119190 us-gaap:WarrantMember 2021-12-31 0001119190 us-gaap:WarrantMember 2022-06-30 0001119190 us-gaap:WarrantMember HMBL:ConvertibleNoteAgreementsMember 2021-11-12 0001119190 us-gaap:WarrantMember HMBL:ConvertibleNoteAgreementsMember 2021-11-11 2021-11-12 0001119190 us-gaap:WarrantMember HMBL:ConsultingAgreementOneMember 2021-12-01 2021-12-31 0001119190 us-gaap:WarrantMember HMBL:ConsultingAgreementOneMember 2021-12-31 0001119190 us-gaap:WarrantMember HMBL:ConsultingAgreementOneMember 2022-06-30 0001119190 us-gaap:WarrantMember HMBL:ConsultingAgreementMember 2021-12-01 2021-12-31 0001119190 us-gaap:WarrantMember HMBL:ConsultingAgreementMember 2021-12-31 0001119190 us-gaap:WarrantMember HMBL:ConsultingAgreementMember 2022-06-30 0001119190 us-gaap:WarrantMember 2022-01-01 2022-06-30 0001119190 us-gaap:WarrantMember 2021-01-01 2021-06-30 0001119190 2021-10-25 2021-10-26 0001119190 2022-05-25 2022-05-26 0001119190 us-gaap:EmployeeStockOptionMember 2022-06-30 0001119190 us-gaap:EmployeeStockOptionMember 2022-01-01 2022-06-30 0001119190 us-gaap:EmployeeStockOptionMember 2021-01-01 2021-12-31 0001119190 us-gaap:RestrictedStockMember 2022-02-01 2022-02-12 0001119190 us-gaap:RestrictedStockMember 2022-01-01 2022-06-30 0001119190 us-gaap:RestrictedStockMember 2021-01-01 2021-06-30 0001119190 us-gaap:WarrantMember 2021-12-31 0001119190 us-gaap:WarrantMember 2020-12-31 0001119190 us-gaap:WarrantMember 2022-06-30 0001119190 srt:MinimumMember 2021-01-01 2021-12-31 0001119190 srt:MaximumMember 2021-01-01 2021-12-31 0001119190 us-gaap:RestrictedStockUnitsRSUMember 2021-12-31 0001119190 us-gaap:RestrictedStockUnitsRSUMember 2020-12-31 0001119190 us-gaap:RestrictedStockUnitsRSUMember 2022-01-01 2022-06-30 0001119190 us-gaap:RestrictedStockUnitsRSUMember 2021-01-01 2021-12-31 0001119190 us-gaap:RestrictedStockUnitsRSUMember 2022-06-30 0001119190 srt:ChiefExecutiveOfficerMember 2022-05-01 2022-05-31 0001119190 srt:ChiefExecutiveOfficerMember 2022-05-31 0001119190 2022-05-01 2022-05-31 0001119190 HMBL:SecuritiesPurchaseAgreementMember HMBL:TuigamalaGroupPtyLtdMember 2020-12-01 2020-12-23 0001119190 HMBL:InitialPaymentMember HMBL:SecuritiesPurchaseAgreementMember HMBL:TuigamalaGroupPtyLtdMember 2020-12-01 2020-12-23 0001119190 HMBL:SecondPaymentMember HMBL:SecuritiesPurchaseAgreementMember HMBL:TuigamalaGroupPtyLtdMember 2020-12-01 2020-12-23 0001119190 HMBL:SecuritiesPurchaseAgreementMember HMBL:TuigamalaGroupPtyLtdMember 2021-12-01 2021-12-23 0001119190 HMBL:SecuritiesPurchaseAgreementMember HMBL:TuigamalaGroupPtyLtdMember 2021-12-23 0001119190 us-gaap:WarrantMember HMBL:SecuritiesPurchaseAgreementMember HMBL:TuigamalaGroupPtyLtdMember 2020-12-23 0001119190 HMBL:OptionsMember HMBL:SecuritiesPurchaseAgreementMember HMBL:TuigamalaGroupPtyLtdMember 2020-12-23 0001119190 srt:SubsidiariesMember HMBL:TuigamalaGroupPtyLtdMember 2021-02-26 0001119190 srt:SubsidiariesMember HMBL:TuigamalaGroupPtyLtdMember 2021-02-26 0001119190 srt:SubsidiariesMember HMBL:TuigamalaGroupPtyLtdMember 2021-02-01 2021-02-26 0001119190 srt:SubsidiariesMember HMBL:TuigamalaGroupPtyLtdMember 2021-03-31 0001119190 srt:SubsidiariesMember HMBL:TuigamalaGroupPtyLtdMember 2021-03-01 2021-03-31 0001119190 srt:SubsidiariesMember HMBL:TuigamalaGroupPtyLtdMember 2021-03-31 0001119190 srt:SubsidiariesMember HMBL:TuigamalaGroupPtyLtdMember 2021-09-30 0001119190 srt:SubsidiariesMember HMBL:TuigamalaGroupPtyLtdMember 2021-09-01 2021-09-30 0001119190 srt:SubsidiariesMember HMBL:TuigamalaGroupPtyLtdMember 2021-09-30 0001119190 srt:SubsidiariesMember HMBL:AureaGroupMember 2021-03-01 2021-03-15 0001119190 srt:SubsidiariesMember HMBL:AtFirstClosingDateMember HMBL:AureaGroupMember 2021-03-15 0001119190 srt:SubsidiariesMember HMBL:AtFirstClosingDateMember HMBL:AureaGroupMember 2021-03-01 2021-03-15 0001119190 srt:SubsidiariesMember HMBL:EachTranchesMember HMBL:AureaGroupMember 2021-04-04 2021-04-05 0001119190 srt:SubsidiariesMember HMBL:EachTranchesMember HMBL:AureaGroupMember 2021-04-04 2021-04-06 0001119190 srt:SubsidiariesMember HMBL:AureaGroupMember 2021-12-31 0001119190 srt:SubsidiariesMember HMBL:AureaGroupMember 2021-01-01 2021-12-31 0001119190 srt:SubsidiariesMember HMBL:AureaGroupMember 2021-12-31 0001119190 srt:SubsidiariesMember HMBL:AureaGroupMember 2022-06-30 0001119190 HMBL:SettlementAgreementMember 2022-01-02 2022-01-03 0001119190 HMBL:ConsumerMember 2022-01-01 2022-06-30 0001119190 HMBL:CommercialMember 2022-01-01 2022-06-30 0001119190 HMBL:ConsumerMember 2022-04-01 2022-06-30 0001119190 HMBL:CommercialMember 2022-04-01 2022-06-30 0001119190 HMBL:ConsumerMember 2022-06-30 0001119190 HMBL:CommercialMember 2022-06-30 0001119190 HMBL:HUMBLPayMember 2021-01-01 2021-06-30 0001119190 HMBL:HUMBLMarketplaceMember 2021-01-01 2021-06-30 0001119190 HMBL:HUMBLPayMember 2021-04-01 2021-06-30 0001119190 HMBL:HUMBLMarketplaceMember 2021-04-01 2021-06-30 0001119190 HMBL:HUMBLPayMember 2021-06-30 0001119190 HMBL:HUMBLMarketplaceMember 2021-06-30 0001119190 us-gaap:SubsequentEventMember us-gaap:SeriesBPreferredStockMember 2022-07-01 2022-08-11 0001119190 us-gaap:SubsequentEventMember us-gaap:CommonStockMember 2022-07-01 2022-08-11 0001119190 us-gaap:SubsequentEventMember 2022-07-01 2022-07-31 0001119190 us-gaap:SubsequentEventMember 2022-06-27 2022-07-02 0001119190 us-gaap:SubsequentEventMember HMBL:OfficerAndDirectorMember 2022-07-26 0001119190 us-gaap:SubsequentEventMember HMBL:OfficerAndDirectorMember 2022-07-25 2022-07-26 0001119190 us-gaap:SubsequentEventMember 2022-07-28 2022-07-29 0001119190 us-gaap:SubsequentEventMember HMBL:AgoraDigitalHoldingsMember HMBL:DefinitiveAgreementMember 2022-08-11 0001119190 us-gaap:SubsequentEventMember us-gaap:SeriesCPreferredStockMember HMBL:DefinitiveAgreementMember HMBL:AgoraDigitalHoldingsMember 2022-08-10 2022-08-11 0001119190 us-gaap:SubsequentEventMember us-gaap:SeriesCPreferredStockMember HMBL:DefinitiveAgreementMember HMBL:AgoraDigitalHoldingsMember 2022-08-11 0001119190 us-gaap:SubsequentEventMember HMBL:DefinitiveAgreementMember HMBL:AgoraDigitalHoldingsMember srt:MinimumMember 2022-08-11 iso4217:USD xbrli:shares iso4217:USD xbrli:shares xbrli:pure HMBL:Integer

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 10-Q

 

Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

For the quarterly period ended June 30, 2022

 

Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

For the transition period from ______ to ______

 

Commission File No. 000-31267

 

  HUMBL, Inc.
(Exact name of Registrant as specified in its charter)

 

Delaware   91-2048019 
(State or other jurisdiction of
incorporation or organization)
  (IRS Employer
Identification No.)

 

600 B Street, Suite 300, San Diego, CA 92101

(Address of principal executive offices) (Zip Code)

 

(786) 738-9012

(Registrant’s telephone number, including area code)

 

N/A

(Former name, former address and former fiscal year, if changed since last report)

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol   Name of each exchange on which registered
None        

 

Securities registered pursuant to Section 12(g) of the Act: Common Stock, par value $0.00001 per share

 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for at least the past 90 days. Yes ☐     No

 

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒     No ☐

 

Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

 

Large accelerated filer Accelerated filer
Non-accelerated filer Smaller reporting company
  Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐     No

 

There were 1,686,993,139 shares of the Registrant’s $0.00001 par value common stock outstanding as of August 12, 2022.

  

 

 

 
 

 

HUMBL, Inc.

 

INDEX

 

    Page No.
Part I. Financial Information 1
     
Item 1. Consolidated Financial Statements (Unaudited) 1
  Consolidated Balance Sheets (Unaudited) 2
  Consolidated Statements of Operations (Unaudited) 3
  Consolidated Statements of Changes in Stockholders’ Equity (Deficit) (Unaudited) 4
  Consolidated Statements of Cash Flows (Unaudited) 5
  Notes to Consolidated Financial Statements (Unaudited) 6
     
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations 40
     
Item 3. Quantitative and Qualitative Disclosures About Market Risk 48
     
Item 4. Controls and Procedures 48
     
Part II. Other Information 50
     
Item 1. Legal Proceedings 50
     
Item 1A. Risk Factors 50
     
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 50
     
Item 3. Default Upon Senior Securities 50
     
Item 4. Mine Safety Disclosures 50
     
Item 5. Other Information 50
     
Item 6. Exhibits 51
     
Signatures 52

 

i 
 

 

PART I — FINANCIAL INFORMATION

 

ITEM 1. FINANCIAL STATEMENTS

 

CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

JUNE 30, 2022

 

Table of Contents

 

Consolidated Balance Sheets 2
Consolidated Statements of Operations 3
Consolidated Statements of Changes in Stockholders’ Equity (Deficit) 4
Consolidated Statements of Cash Flows 5
Notes to Consolidated Financial Statements 6-39

 

1
 

 

HUMBL, INC

CONSOLIDATED BALANCE SHEETS (IN US$)

JUNE 30, 2022 (UNAUDITED) AND DECEMBER 31, 2021

 

           
   JUNE 30,   DECEMBER 31, 
   2022   2021 
   (unaudited)     
ASSETS          
Current Assets:          
Cash  $1,985,437   $3,493,213 
Assets related to user cryptocurrencies safeguarding obligation   1,572,898    - 
Accounts receivable   363,881    325,267 
Intangible assets - digital assets, current portion   498,635    2,695 
Prepaid expenses and other current assets   27,834    57,693 
           
Total Current Assets   4,448,685    3,878,868 
           
Non-Current Assets:          
Fixed assets, net of depreciation   29,340    356,447 
Non-current asset held for sale   328,222    - 
Intangible assets, net of amortization   3,424,606    - 
Intangible assets - digital assets, net of current portion   147,823    - 
Goodwill   10,512,346    6,531,346 
           
Total Non-Current Assets   14,442,337    6,887,793 
           
TOTAL ASSETS  $18,891,022   $10,766,661 
           
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)          
           
LIABILITIES          
Current Liabilities:          
Accounts payable and accrued expenses  $2,964,615   $1,460,266 
Obligation to issue common shares   10,236    676,408 
User cryptocurrencies safeguarding obligation   1,572,898    - 
Contingent consideration   3,960,705    - 
Due to seller   314,657    327,412 
Current portion of notes payable - bank   4,240    - 
Current portion of notes payable   502,309    501,828 
Current portion of notes payable - related parties   11,007,729    10,986,250 
Convertible notes payable - related parties, net of current portion   7,500,000    7,500,000 
Current portion of convertible notes payable, net of discount   4,302,092    3,392,123 
           
Total Current Liabilities   32,139,481    24,844,287 
           
Long-Term Liabilities:          
Notes payable - bank, net of current portion   8,835    - 
Notes payable, net of current portion   147,691    148,172 
Notes payable related parties, net of current portion   4,500,000    - 
Convertible notes payable, net of discount and net of current portion   -    2,232,702 
           
Total Long-Term Liabilities   4,656,526    2,380,874 
           
Total Liabilities   36,796,007    27,225,161 
           
Commitments and contingency   -    - 
STOCKHOLDERS’ EQUITY (DEFICIT)          
Preferred stock, 7,000,000 shares Series A Preferred stock authorized, and 570,000 Series B Preferred stock authorized (Series C Preferred stock was cancelled October 29, 2021)          
           
Series A Preferred, par value $0.00001, 7,000,000 and 7,000,000 shares issued and outstanding, respectively   70    70 
Series B Preferred, par value $0.00001, 495,344 and 544,759 shares issued and outstanding, respectively   5    5 
Common stock, par value, $0.00001, 7,450,000,000 shares authorized 1,541,774,389 and 1,023,039,433 issued and outstanding, respectively   15,417    10,230 
Additional paid in capital   53,137,176    34,182,004 
Accumulated deficit   (71,059,564)   (50,650,809)
Accumulated other comprehensive income (loss)   1,911    - 
           
Total Stockholders’ Equity (Deficit)   (17,904,985)   (16,458,500)
           
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)  $18,891,022   $10,766,661 

 

The accompanying notes are an integral part of these financial statements.

 

2
 

 

HUMBL, INC

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) (IN US$)

SIX AND THREE MONTHS ENDED JUNE 30, 2022 AND 2021

 

                     
   SIX MONTHS ENDED   THREE MONTHS ENDED 
   JUNE 30,   JUNE 30,   JUNE 30,   JUNE 30, 
   2022   2021   2022   2021 
                 
REVENUES  $2,261,995   $277,850   $1,114,861   $123,746 
                     
COST OF REVENUES   1,015,996    143,865    495,026    39,122 
                     
GROSS PROFIT   1,245,999    133,985    619,835    84,624 
                     
OPERATING EXPENSES                    
Development costs   2,075,403    756,012    811,411    653,709 
Professional fees   1,744,882    1,671,974    763,744    1,017,221 
Settlement   1,120,400    1,870,000    -    1,870,000 
Impairment - goodwill   1,008,642    12,141,062    -    12,141,062 
Impairment - digital assets   1,211,882    -    1,166,564    - 
General and administrative expenses   12,134,402    2,458,122    5,434,478    2,012,749 
                     
Total Operating Expenses   19,295,611    18,897,170    8,176,197    17,694,741 
                     
OPERATING LOSS   (18,049,612)   (18,763,185)   (7,556,362)   (17,610,117)
                     
NON-OPERATING INCOME (EXPENSE)                    
Interest expense   (792,620)   (143,869)   (389,816)   (138,641)
Beneficial conversion feature   -    (3,300,000)   -    (3,300,000)
Amortization of debt discounts   (1,656,267)   (147,253)   (65,370)   (126,656)
Gain on sale of digital assets   95,794    -    66,243    - 
Other income   1,895    3,200    1,895    3,200 
                     
Total Non-Operating Income (Expenses)   (2,351,198)   (3,587,922)   (387,048)   (3,562,097)
                     
NET LOSS FROM CONTINUING OPERATIONS BEFORE DISCONTINUED OPERATIONS AND PROVISION FOR INCOME TAXES   (20,400,810)   (22,351,107)   (7,943,410)   (21,172,214)
                     
DISCONTINUED OPERATIONS:                    
Loss from discontinued operations   (7,945)   (281,254)   -    (23,285)
Gain on disposal of discontinued operations   -    -    -    - 
Total discontinued operations   (7,945)   (281,254)   -    (23,285)
                     
NET LOSS FROM CONTINUING OPERATIONS BEFORE PROVISION FOR INCOME TAXES   (20,408,755)   (22,632,361)   (7,943,410)   (21,195,499)
                     
Provision for income taxes   -    -    -    - 
                     
NET LOSS  $(20,408,755)  $(22,632,361)  $(7,943,410)  $(21,195,499)
                     
Other comprehensive income (loss)                    
Foreign currency translations adjustment   1,911    -    (1,131)   - 
Comprehensive loss  $(20,406,844)  $(22,632,361)  $(7,944,541)  $(21,195,499)
                     
Net loss per share - basic and diluted  $(0.02)  $(0.02)  $(0.01)  $(0.02)
                     
Weighted average common shares outstanding - basic and diluted   1,324,745,508    951,633,584    1,471,059,609    929,337,459 

 

The accompanying notes are an integral part of these financial statements.

 

3
 

 

HUMBL, INC

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS’ EQUITY (DEFICIT) (UNAUDITED) (IN US$)

FOR THE SIX MONTHS ENDED JUNE 30, 2022 AND 2021

 

                                                   
   Series A Preferred   Series B Preferred   Common Stock   Additional
Paid-In
   Accumulated
Other
Comprehensive
   Accumulated     
   Shares   Amount   Shares   Amount   Shares   Amount   Capital   Income (Loss)   Deficit   Total 
                                         
Balance - January 1, 2021   7,000,000   $70    -   $-    974,177,443   $9,742   $2,545,825   $-   $(994,805)  $1,560,832 
                                                   
Stock issued for:                                                  
Adjustment   -    -    -    -    41,156    -    -    -    -    - 
Reverse merger with HUMBL   -    -    552,029    6    -    -    39,961    -    -    39,967 
Services   -    -    2,272    -    -    -    179,675    -    -    179,675 
Members interest purchased for cash (timing difference from 2020)   -    -    -    -    -    -   10,000    -    -    10,000 
Reclassification from deferred revenue on warrant purchase   -    -    -    -    -    -    43,243    -    -    43,243 
                                                   
Net loss for the period   -    -    -    -    -    -    -    -    (1,436,862)   (1,436,862)
                                                   
Balance - March 31, 2021   7,000,000    70    554,301    6    974,218,599    9,742    2,818,704    -    (2,431,667)   396,855 
                                                   
Stock issued for:                                                  
Services   -    -    -    -    5,212,500    52    922,273              922,325 
Acquisition - Chile Country Rights   -    -    -    -    437,500    4    999,996              1,000,000 
Acquisition - Tickeri   -    -    -    -    9,345,794    93    9,999,907              10,000,000 
 Settlement   -    -    -    -    1,000,000    10    1,169,990              1,170,000 
Conversion of common shares to Series B Preferred   -    -    7,962    -    (79,625,000)   (796)   796              - 
Beneficial conversion feature on convertible note payable   -    -    -    -              3,300,000              3,300,000 
Discount on convertible notes   -    -    -    -              1,754,942              1,754,942 
Warrants - consultants   -    -    -    -              424,101              424,101 
Net loss for the period   -    -    -    -    -    -    -    -    (21,195,499)   (21,195,499)
                                                   
Balance - June 30, 2021   7,000,000   $70    562,263   $6    910,589,393   $9,105   $21,390,709   $-   $(23,627,166)  $(2,227,276)
                                                   
Balance - January 1, 2022   7,000,000   $70    544,759   $5    1,023,039,433   $10,230   $34,182,004   $-   $(50,650,809)  $(16,458,500)
                                                   
Stock issued for:                                                  
Services   -    -    -    -    675,000    7    190,586    -    -    190,593 
Cancellation of shares   -    -    -    -    (825,000)   (9)   (187,241)   -    -    (187,250)
Acquisition -Ixaya   -    -    -    -    8,962,036    90    1,499,910    -    -    1,500,000 
Acquisition -BizSecure   -    -    -    -    13,200,000    132    2,229,348    -    -    2,229,480 
Exercise of warrants   -    -    -    -    10,000,000    100    1,999,900    -    -    2,000,000 
Settlement   -    -    -    -    4,000,000    40    1,120,360    -    -    1,120,400 
Exchange of notes payable and accrued interest   -    -    -    -    37,374,170    374    3,176,430    -    -    3,176,804 
Conversion of Series B Preferred to common shares   -    -    (22,064)   -    220,640,000    2,206    (2,206)             - 
Shares canceled for no consideration   -    -    (4,900)   -    -    -    -    -    -    - 
Stock-based compensation - warrants   -    -    -    -    -    -    3,270,349    -    -    3,270,349 
Stock-based compensation - options   -    -    -    -    -    -    36,750    -    -    36,750 
Stock-based compensation - restricted stock grants   -    -    -    -    -    -    1,440,464    -    -    1,440,464 
Net change in comprehensive income   -    -    -    -    -    -    -     

3,042

    -    

3,042

 
Net loss for the period   -    -    -    -    -    -    -    -    (12,465,345)   (12,465,345)
                                                   
Balance - March 31, 2022   7,000,000    70    517,795    5    1,317,065,639    13,170    48,956,654    3,042    (63,116,154)   (14,143,213)
                                                   
Stock issued for:                                                  
Services   -    -    -    -    198,750    2    34,704    -    -    34,706 
Conversion of Series B Preferred to common shares   -    -    (22,451)   -    224,510,000    2,245    (2,245)             - 
Contribution of capital - NFT   -    -    -    -    -    -    406,040    -    -    406,040 
Contribution of capital - digital assets   -    -    -    -    -    -    500,000    -    -    500,000 
Stock-based compensation - warrants   -    -    -    -    -    -    1,251,633    -    -    1,251,633 
Stock-based compensation - options   -    -    -    -    -    -    208,460    -    -    208,460 
Stock-based compensation - restricted stock grants   -    -    -    -    -    -    1,216,115    -    -    1,216,115 
Amortization of contingent consideration - restricted stock units   -    -    -    -    -    -    565,815    -    -    565,815 
Net change in comprehensive income   -    -    -    -    -    -    -    (1,131   -     (1,131)
Net loss for the period   -    -    -    -    -    -    -    -   (7,943,410)   (7,943,410)
                                                   
Balance - June 30, 2022   7,000,000   $70    495,344   $5    1,541,774,389   $15,417   $53,137,176   $1,911   $(71,059,564)  $(17,904,985)

 

The accompanying notes are an integral part of these financial statements.

 

4
 

 

HUMBL, INC

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (IN US$)

SIX MONTHS ENDED JUNE 30, 2022 AND 2021

 

     2022     2021 
CASH FLOW FROM OPERATING ACTIVITIES          
Net loss  $(20,408,755)  $(22,632,361)
Adjustments to reconcile net loss to net cash used in operating activities          
Depreciation   12,457    - 
Amortization   275,414    - 
Impairment expense - goodwill   1,008,642    12,141,062 
Impairment expense - digital assets   1,211,882    - 
(Gain) on sale of digital assets   (95,794)   - 
Expenses paid for by digital assets   131,489    - 
Fee added to related party notes for extension   9,000    - 
Sales commission received in digital assets   (1,410)   - 
Amortization of debt discounts   1,656,267    147,253 
Foreign currency adjustment   1,911    - 
Stock-based compensation   6,795,647    1,566,068 
Bad debt   -    88,693 
Settlement   1,120,400    1,870,000 
Beneficial conversion feature on convertible note payable   -    3,300,000 
           
Changes in assets and liabilities          
Accounts receivable   (14,168)   (7,232)
Intangible assets - digital assets   (983,890)   (98,535)
Prepaid expenses and other assets   29,859    (156,276)
Decrease in related party payable   -    (11,547)
Accounts payable and accrued expenses   1,691,454    361,314 
Total adjustments   12,849,160    19,200,800 
           
Net cash used in operating activities   (7,559,595)   (3,431,561)
           
CASH FLOWS FROM INVESTING ACTIVITIES          
Purchase of fixed assets   (13,572)   (364,545)
Purchase of intangible assets   (275,020)   - 
Purchase of digital asset (non-fungible token)   (406,040)   - 
Cash received in purchase of Tickeri   -    127,377 
Cash received in purchase of Monster Creative   -    3,017 
Cash paid in purchase of Ixaya, net of amounts received   (148,675)   - 
Net cash used in investing activities   (843,307)   (234,151)
           
CASH FLOWS FROM FINANCING ACTIVITIES          
Proceeds from sales of membership interests of HUMBL, LLC   -    10,000 
Proceeds from sales of warrants and country rights option   -    - 
Redemption of Series B Preferred Stock   -    - 
Proceeds from the exercise of warrants   2,000,000    - 
Proceeds from related party notes payable   4,502,645    - 
Payments of notes payable   (804)   (46)
Repayment of amount due to seller   (12,755)   - 
Contribution of capital CEO   406,040    - 
Proceeds from convertible notes payable   -    6,250,000 
Proceeds from issuance of common stock for cash   -    1,000,000 
Net cash provided by financing activities   6,895,126    7,259,954 
           
NET INCREASE (DECREASE) IN CASH AND RESTRICTED CASH   (1,507,776)   3,594,242 
           
CASH AND RESTRICTED CASH - BEGINNING OF PERIOD   3,493,213    1,720,979 
           
CASH AND RESTRICTED CASH - END OF PERIOD  $1,985,437   $5,315,221 
           
CASH PAID DURING THE PERIOD FOR:          
Interest expense  $-   $- 
           
Income taxes  $-   $- 
           
SUPPLEMENTAL INFORMATION - NON-CASH INVESTING AND FINANCING ACTIVITIES:          
           
Conversion of preferred stock into common stock  $4,451   $- 
Conversion of common stock into preferred stock  $-   $796 
Conversion of obligation to issue common stock into common stock  $449,950   $- 
Exchange of convertible notes payable and accrued interest into common stock  $3,176,805   $- 
Contribution of digital assets by CEO  $500,000   $- 
Reclassification of deferred revenue to additional paid in capital  $-   $43,243 
Recognition of discounts at inception of convertible notes payable  $-   $1,754,942 
Reclassification of fixed assets to assets held for sale  $328,222   $- 
           
Acquisition of Ixaya:          
Accounts receivable  $24,446   $- 
Goodwill   1,008,642    - 
Intellectual property - software   650,000    - 
Accounts payable and accrued expenses   (10,700)   - 
Note payable - bank   (13,879)   - 
Related party advances   (9,834)   - 
Total   1,648,675    - 
Common shares issued   (1,500,000)   - 
Net cash paid in acquisition of Ixaya  $148,675   $- 
           
Acquisition of BizSecure:          
Customer relationship  $275,000   $- 
Intellectual property - software   2,500,000    - 
Goodwill   3,981,000    - 
Total   6,756,000    - 
Common shares issued   (2,229,480)     
Contingent consideration   (4,526,520)   - 
Net cash paid in acquisition of BizSecure  $-   $- 
           
Acquisition of Tickeri:          
Accounts receivable  $-   $23,587 
Goodwill   -    20,086,664 
Accounts payable and accrued expenses   -    (87,071)
EIDL Loan   -    (150,000)
PPP Loan   -    (557)
Total   -    19,872,623 
Notes payable issued   -    (10,000,000)
Common shares issued   -    (