10-K: Family Office of America 2025 Annual Report

Family Office of America, Inc. reports 2025 financial results, highlighting its strategic pivot toward acquiring CPA firm assets to provide integrated family office services.

Summary

• Reported net revenue of $221,765 for the fiscal year ended December 31, 2025, compared to $0 in 2024.
• Net loss for 2025 was $492,748, compared to a net loss of $100,484 in 2024.
• Acquired non-attest assets of Toone & Associates, LLP for $1.5 million on October 1, 2025.
• Acquired non-attest assets of Benson Family Office & Accounting Services, LLC for $353,750 on January 1, 2026.
• Raised $965,000 through a Regulation D offering of 9,650,000 common shares at $0.10 per share during 2025.
• As of December 31, 2025, the company had a working capital deficit of $308,174 and an accumulated deficit of $5,023,540.

Sentiment

Score: 4

Explanation: StockSavvy.ai views this as a high-risk situation; while the company has begun generating revenue and making acquisitions, it faces substantial going concern doubts, a significant working capital deficit, and ineffective internal controls.

Positives

• Successfully initiated revenue generation with $221,765 in 2025.
• Completed the acquisition of Toone & Associates, LLP assets to establish a foundation for the family office service model.
• Successfully raised $965,000 in capital through a Regulation D offering in 2025.
• Secured consulting agreements with experienced professionals to manage acquired practices.

Negatives

• Reported a significant increase in net loss to $492,748 in 2025.
• Operating expenses rose by 649% to $722,844 in 2025.
• Management concluded that disclosure controls and procedures were not effective as of December 31, 2025.
• The company has no full-time employees.

Risks

• Substantial doubt exists regarding the company's ability to continue as a going concern due to recurring losses and working capital deficits.
• Limited operating history makes it difficult to evaluate future performance.
• The company requires additional capital to become profitable and competitive, with no assurance that such financing will materialize.
• Potential for cost overruns and integration challenges related to acquisitions.
• Reliance on key management and consultants; loss of these individuals could harm the business.

Future Outlook

The company intends to continue its strategy of acquiring CPA practices to expand its family office services. Management plans to raise additional funds through a private offering or asset sale to support operations, though there is no assurance of success.

Management Comments

• Management believes that the actions presently being taken to further implement its business plan and generate revenues provide the opportunity for the Company to continue as a going concern.
• The Company believes there is a shortage of CPAs and that consolidation and automation will likely be necessary.

Industry Context

StockSavvy.ai notes that the company is attempting to enter the highly fragmented and competitive wealth management and accounting services market by consolidating smaller CPA firms, a strategy that faces significant execution and capital risks.

Comparison to Industry Standards

• The company is an early-stage entity with limited revenue, contrasting with established wealth management firms and large financial service companies.
• The reliance on acquisitions for growth is a common strategy in the accounting and wealth management industry, but the company lacks the scale and operational history of established consolidators.

Corporate Governance

Legal Proceedings

• The company is not currently involved in any material legal proceedings.

Related Party Transactions

• The company borrows funds from the CEO for working capital purposes.
• Warrants were granted to the Acting CEO and Director of Acquisitions for consulting services.

Stakeholder Impact

• Shareholders face potential dilution from future equity financing.
• Creditors face risks associated with the company's going concern status and working capital deficit.

Next Steps

• Continue implementation of business plan to generate revenues.
• Attempt to raise additional capital through private offerings or asset sales.
• Integrate acquired assets from Toone & Associates and Benson Family Office.
• Purchase approximately $30,000 of equipment in the next twelve months.

Key Dates

Recommendation

The company is in a precarious financial position with substantial doubt regarding its ability to continue as a going concern, ineffective internal controls, and a history of significant losses. The speculative nature of the business model and the need for further dilutive capital raises make this a high-risk investment.

Keywords

Family Office of America, FOFA, CPA firm acquisition, wealth management, financial services, non-attest accounting services, 10-K