OTC: ONEI
OneMeta Inc.CIK 0001388295 · SIC 7374 · Computer Processing & Data Preparation
We develop and market artificial intelligence products that eliminate language barriers in daily communications by providing high-quality, accurate, and efficient interpretation and translation services using natural language processing (NLP) technology. The Company’s focus is on developing a… About this business →
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Latest financial statements
From 10-Q filed Aug 14, 2026 (period ending Jun 30, 2026). SEC XBRL (companyfacts) — not generated by the model.
Consolidated Statements of Operations (Unaudited)
| Description | Q2 ended Jun 30, 2026 | Q1 ended Mar 31, 2026 |
|---|---|---|
| Revenue: | ||
| Total revenue / net sales | 439,366 | 180,117 |
| Cost of revenue / cost of sales | 137,801 | 65,560 |
| Gross profit | 301,565 | 114,557 |
| Operating expenses: | ||
| Research and development | 366,102 | 406,311 |
| General and administrative | 687,435 | 1,937,753 |
| Total operating expenses | 1,224,911 | 2,500,442 |
| Operating income | (923,346) | (2,385,885) |
| Interest expense | 1,341,406 | 926,373 |
| Other income/(expense), net | (1,346,710) | (921,069) |
| Net income | (2,270,056) | |
| Basic earnings per share | (0.06) | (0.09) |
| Diluted earnings per share | (0.06) | (0.09) |
Consolidated Balance Sheets (Unaudited)
| Description | Jun 30, 2026 | Mar 31, 2026 |
|---|---|---|
| Current assets: | ||
| Cash and equivalents | 49,491 | 60,124 |
| Accounts receivable, net | 105,127 | 50,186 |
| Prepaid expenses and other current assets | 20,812 | 83,209 |
| Other current assets | — | 50,000 |
| Total current assets | 175,430 | 243,519 |
| Property, plant and equipment, net | 1,517 | 1,680 |
| TOTAL ASSETS | 176,947 | 245,199 |
| Current liabilities: | ||
| Accounts payable | 1,104,169 | 1,038,469 |
| Deferred revenue, current | 514,038 | 303,624 |
| Other current liabilities | 4,746,881 | 4,977,393 |
| Total current liabilities | 6,365,088 | 6,319,486 |
| Total liabilities | 6,365,088 | 6,319,486 |
| Shareholders' equity: | ||
| Common stock | 38,891 | 38,891 |
| Capital in excess of stated value | 40,955,683 | 37,944,158 |
| Retained earnings (deficit) | (48,932,781) | (46,662,725) |
| Total shareholders' equity | (6,188,141) | (6,074,287) |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | 176,947 | 245,199 |
Consolidated Statements of Cash Flows (Unaudited)
| Description | Six months ended Jun 30, 2026 | Q1 ended Mar 31, 2026 |
|---|---|---|
| Operating Activities: | ||
| Net cash from operating activities | 2,371,607 | (32,378) |
| Financing Activities: | ||
| Net cash from financing activities | (2,326,700) | 87,918 |
| Net increase/(decrease) in cash | 44,907 | 55,540 |
Amounts in USD as reported; EPS as reported. Line labels are presentation-friendly mappings of filer XBRL tags — not a re-audit of the full statements. Use EDGAR for interactive notes and detail. Interactive statements & notes on EDGAR ↗
About OneMeta Inc.
Source: Item 1 (Business) from the 10-K filed April 15, 2026. Description as filed by the company with the SEC.
Item
1.
Business.
Business
Summary
We
develop and market artificial intelligence products that eliminate language barriers in daily communications by providing high-quality,
accurate, and efficient interpretation and translation services using natural language processing (NLP) technology. The Company’s
focus is on developing a proprietary architecture that is faster and more accurate than any other company, with a commitment to providing
superior quality services to its customers. The Company intends to serve a wide variety of markets and customers and is focused on becoming
a leader in the creation of products for the interpretation and translation industry.
Our
proprietary AI and machine learning architecture enable seamless translation and transcription of spoken and written words in seconds
across multiple languages. Our VerbumSuite platform facilitates fluid and effective communication among individuals regardless of linguistic
differences. With support for real-time conversations over-the-phone, virtual meetings, and online chats in over 140 languages and dialects,
Verbum is reshaping how organizations, educational institutions, and customer service centers connect and collaborate. The Company develops
and markets artificial intelligence products that eliminate language barriers in daily communications by providing high-quality, accurate,
and efficient interpretation and translation services using natural language processing (NLP) technology. Our focus is on developing
a proprietary architecture that is faster and more accurate than any other company, with a commitment to providing superior quality services
to its customers. We intend to serve a wide variety of markets and customers and are focused on becoming a leader in the creation of
products for the interpretation, translation, and transcription industries. Driven by a vision to create a more understanding world and
revolutionize global communication, we are committed to solving complex problems with practical solutions. We recognize that artificial
intelligence has the potential to turn good decisions into great ones, and we strive to harness this potential to drive positive change
across industries.
Read full description ↓
The Company has observed increasing demand from enterprise
customers for on-premise and private cloud deployments, driven by heightened requirements for data privacy, intellectual property protection,
and cost predictability associated with artificial intelligence solutions. From inception, the Company’s architecture has been designed
as a multi-tenant platform with the capability to provide isolated, private datasets for each client and sub-client, enabling secure and
controlled deployments across industries with sensitive data requirements. This architectural approach has contributed to early customer
traction, particularly in regulated and enterprise environments. In response to evolving market demand, the Company is expanding its focus
on on-premise and private cloud solutions, aligning with broader industry trends toward sovereign AI and localized data processing. Additionally,
NVIDIA has recognized the Company’s approach and technology, including references to OneMeta in NVIDIA’s public
materials related to AI media and localization ecosystems.
Our
Products
Our
current VerbumSuite products described in detail below are built on our proprietary and patented systems and methods for substantially
real-time speech, transcription, and translation technology. We are also developing additional proprietary products and features to expand
the service capabilities built on our core technological foundation.
●
Verbum.
Verbum supports real time web-based conversations, discussions, meetings, and online chats in 140 languages, enabling fluent and
effective communication among individuals that do not speak the same language. This product is distributed through our online platform,
direct sales to businesses and organizations, and we are attempting to develop partnerships with existing video conferencing providers.
The competitive position is against other video conferencing providers that also offer live interpretation services, such as Microsoft
Teams, Zoom and Google Meet. We believe our main competitors are organizations that supply human interpreters which can be ten times
more expensive than our Verbum product. The Verbum product is available to customers at a wholesale price of $0.30 to $0.36 per minute,
as compared to human interpreters, which can range from $45.00 to $150.00 per hour, or $1.25 to $3.00 per minute.(1) The
primary market for our Verbum product is for organizations or individuals that require real-time interpretation services.
(1)
As reported in “Medical Interpreters in Outpatient Practice”, available at https://pmc.ncbi.nlm.nih.gov/articles/PMC5758324/.
VerbumOnSiteTM
– Real Time Translation Powered by AI
●
Multilingual
Events - unlocks the power of seamless communication at live events through real-time translation and captioning services. Attendees
can effortlessly scan a QR code to access real-time captions in over 140 languages directly on their phones.
●
Ease
of Integration - integrates into the event setup, ensuring a smooth and hassle-free experience for organizers and attendees. User-friendly,
web-based design and compatibility incorporates powerful multilingual features without technical complexities.
●
Inclusive
Communication - committed to breaking language barriers and making events accessible to all such as for those with hearing disabilities.
Our solution provides real-time, multilingual closed captions, ensuring full engagement in conversations and presentations and fostering
an inclusive event experience.
●
Currently
available for use in live events requiring multilingual support.
4
VerbumOnsite™
has been adopted for pilot programs at major international conferences, supporting live audience captions and mobile access in over 140
languages.
VerbumCallTM
– AI-Powered Over-the-Phone Interpretation with No App or Internet Required
●
Multilingual
Calls - unlocks the power of seamless communication over the phone; similar to having a translator readily available in 140+ languages.
VerbumCall transforms any mobile device into a personal translator without the need for internet connection or additional applications.
●
Ease
of Integration - integrates into the users current systems incorporating powerful multilingual calls without technical complexities.
●
Scalable
& Confidential - offers a scalable solution that adapts to the users business needs, whether making one call or thousands of
calls. Our AI-powered conversations enable calls to be private and secure, ensuring business communications are confidential and
protected.
●
Currently
available for integration with major Contract Center as a Service (CCaaS) providers.
Verbumcall™
has been deployed with early adopters in the bpo industry , proving its ability to lower costs and improve call handling time compared
to human interpreters.
VerbumTM
for Microstoft Teams – AI Translation for Multilingual Meetings
●
Enhances
the Microsoft Teams experience by facilitating multilingual groups to come together in meetings. Enables collaborators from all over
the world to work together without language barriers. Each attendee chooses the language that they will be speaking in and the language
in which they want to see captions and chat. As each person speaks in their preferred language from a list of 95+ languages, it is
translated in near real-time for the rest of the group.
●
When
a user selects their preferred language, it does not impact the other users in the meeting. The system allows each user to understand
and be understood using their preferred language.
●
Translates
chat messages into 3 selected languages in near real-time to allow flow of communication.
●
Enables
a transcript function allowing the user to upload documents that can be translated into 95+ languages and shared with the whole team.
●
No
formal legal or commercial agreement is required with Microsoft for the operation of this product within Microsoft Teams. The Company
fully complies with Microsoft’s comprehensive development, publishing, and certification standards to ensure functionality,
security and accessibility.
●
Integration
with Microsoft Teams is achieved through Microsoft Teams APIs and compliance with a detailed manifest that undergoes thorough third-party
review. The manifest governs Verbum’s features and ensures secure, real-time multilingual translation capabilities, including
captions and chat translations for over 120 languages. Verbum interacts with Microsoft Teams by processing real-time meeting audio
and chat data (with user permission) to deliver high-accuracy, AI-powered translations directly within the Microsoft Teams interface.
●
Fully
operational and available to users.
●
Verbum
SDK. Verbum Software Developer Kit allows software programmers, potential channel partners, and corporate development teams
to integrate our powerful multilingual communications platform Verbum™ — into new or existing Software-as-a-Service applications
and/or client/server programs, helping them remove communications barriers for multinational organizations and/or those serving customers
who speak/read different languages. This product may be distributed through partnerships with software developers or through direct
sales to businesses and organizations that require interpretation services for their software. The competitive position would be
against other software development kit providers that also offer interpretation services, such as Microsoft Azure or Amazon Translate.
The expected market for this product is software developers and businesses that require interpretation services for their software
applications.
5
Competition
The
artificial intelligence language translation industry is nascent and characterized by rapidly advancing technologies and a strong emphasis
on proprietary products. Our competition includes traditional language service providers such as human translators and transcription
technology services developed by similar early-stage companies. While the traditional language service providers industry is large and
mature, there are significant barriers to growth due to the lack of scalability of human-to-human interpretation and the ineffectiveness
of providing a seamlessly fluid conversational experience. There are several early stage businesses who have developed technology for
the purpose of voice-to-text closed captioning or generative text-to-voice capabilities, but we believe the practicality of these services
diminishes their growth potential as it remains an unnatural form of communication, requires a minimum literacy adequacy for users, and
presents challenges to productivity due to the additional cognitive load required to type or read language, major companies worldwide,
such as Microsoft and Amazon have explored the development of similar technologies, but are unable to move at the speed and agility of
growth-stage firms which will lead to a slow roll out, if developed.
We believe that the increasing shift toward on-premise
and private cloud AI deployments introduces additional competitive dynamics, as enterprises prioritize solutions that offer data control,
security, and predictable cost structures. Many competitors rely on centralized, cloud-based architectures or third-party APIs, which
may limit their ability to address enterprise requirements for data residency and intellectual property protection. By contrast, the Company’s
multi-tenant architecture, designed to support isolated client environments and flexible deployment models, including on-premise and private
cloud configurations, positions the Company to address these evolving enterprise needs. While larger technology providers and emerging
AI companies continue to invest in similar capabilities, the Company believes its early focus on secure, enterprise-grade deployments
and proprietary datasets provides a competitive advantage in high-sensitivity and regulated use cases.
We
believe that the principal competitive factors in our markets include the following:
●
ease
of adoption, use, and deployment;
●
product
functionality;
●
platform
capabilities;
●
breadth
and depth of platform integrations;
●
scalability,
availability and reliability;
●
security
and privacy;
●
ability
to support intercompany collaboration;
●
brand
awareness and reputation;
●
customer
support; and
●
total
cost of ownership.
Competition
has intensified in recent periods, and we expect competition to continue to intensify as established and emerging companies continue
to enter the markets we serve or attempt to address the translation problems.
6
Intellectual
Property
The
following chart provides information regarding the patents and trademarks of the Company:
Patents
Case
No.
Title
of Invention:
Country:
Status:
Application
No.
Filing
Date:
Patent
No:
Date
Issued:
Publication
Number:
Published
Date:
1META.055PR
SYSTEMS
AND METHODS FOR RAPID MULTI-USER TEXT, SPEECH, AND TRANSLATION
US
Closed
63/374220
8/31/2022
1META.055PR2
SYSTEMS
AND METHODS FOR RAPID MULTI USER TEXT, SPEECH, AND TRANSLATION
US
Closed
63/429505
12/1/2022
1META.055PR3
SYSTEMS
AND METHODS FOR RAPID MULTI-USER TEXT, SPEECH, AND TRANSLATION
US
Closed
63/498261
4/25/2023
1META.055PR4
SYSTEMS
AND METHODS FOR RAPID MULTI-USER TEXT, SPEECH, AND TRANSLATION
US
Closed
63/499696
5/2/2023
WEBS.001A
METHOD
OF INHIBITING FUNCTIONS OF A MOBILE COMMUNICATIONS DEVICE
US
Issued
12/506045
7/20/2009
8380176
2/19/2013
2010/0035588
A1
2/11/2010
WEBS.001C1
METHOD
OF INHIBITING FUNCTIONS OF A MOBILE COMMUNICATIONS DEVICE
US
Issued
13/757141
2/1/2013
8744417
6/3/2014
2013/0210413
A1
8/15/2013
WEBS.001C2
SAFETY
OF A MOBILE COMMUNICATIONS DEVICE
US
Issued
14/291407
5/30/2014
9661469
5/23/2017
2015/0111555
A1
4/23/2015
WEBS.001C3
SAFETY
OF A MOBILE COMMUNICATIONS DEVICE
US
Issued
15/601592
5/22/2017
9986385
5/29/2018
2018/0077531
A1
3/15/2018
WEBS.004A
DEVICES
AND METHODS FOR IMPROVING WEB SAFETY AND DETERRENCE OF CYBERBULLYING
US
Issued
14/576065
12/18/2014
9485206
11/1/2016
2015/0180746
A1
6/25/2015
WEBS.004DA
DISPLAY
SCREEN OR PORTION THEREOF WITH GRAPHICAL USER INTERFACE
US
Issued
29/504071
10/1/2014
D792421
7/18/2017
WEBS.004MX
DEVICES
AND METHODS FOR IMPROVING WEB SAFETY AND DETERRENCE OF CYBERBULLYING
MX
Issued
MX/a/2016/008094
6/17/2016
362735
2/6/2019
WEBS.004PH
DEVICES
AND METHODS FOR IMPROVING WEB SAFETY AND DETERRENCE OF CYBERBULLYING
PH
Issued
1-2016-501195
6/17/2016
1-2016-501195
5/30/2018
6/25/2015
7
Trademarks
MARK
COUNTRY
FILING
DATE APPLICATION NO.
REGISTRATION
DATE
REG.
NO.
CLASSES
STATUS
ONEMETA
US
12/27/2022
97/732496
38
Int., 41 Int., 42 Int.
Published
ONEMETA
AU
6/23/2023
2366631
38
Int., 41 Int., 42 Int.
Published
ONEMETA
BR
6/27/2023
930935543
38
Int.
Published
ONEMETA
BR
6/27/2023
930935586
41
Int.
Published
Opposed
by Meta Serviços em Informática S/A
ONEMETA
BR
6/27/2023
930935780
42
Int.
Published
ONEMETA
CA
6/21/2023
2265023
38
Int., 41 Int., 42 Int.
Pending
ONEMETA
EM
23-Jun-2023
018892626
11/14/2023
018892626
Class:
38 Int., 41 Int., 42 Int.
Registered
ONEMETA
GB
23-Jun-2023
UK00003926115
09/29/2023
UK00003926115
Class:
38 Int., 41 Int., 42 Int.
Registered
ONEMETA
JP
2023-069779
06/23/2023
01/11/2024
6768808
38
Int., 41 Int., 42 Int.
Registered
ONEMETA
KR
6/23/2023
40-2023-0111479
38
Int., 41 Int., 42 Int.
Published
ONEMETA
MX
6/27/2023
2971922
11/15/2023
2625631
38
Int.
Registered
ONEMETA
MX
6/27/2023
2971924
11/15/2023
2625670
41
Int.
Registered
ONEMETA
MX
6/27/2023
2971926
09/25/2024
2759839
42
Int.
Registered
VERBUM
US
12/27/2022
97/732499
38
Int., 41 Int., 42 Int.
Pending
VERBUM
AU
6/23/2023
2366632
07/15/2024
2366632
38
Int., 41 Int., 42 Int.
Registered
VERBUM
BR
6/27/2023
930935950
38
Int.
Published
VERBUM
BR
6/27/2023
930936027
41
Int.
Published
VERBUM
BR
6/27/2023
930936078
42
Int.
Published
VERBUM
CA
6/21/2023
2265024
38
Int., 41 Int., 42 Int.
Pending
VERBUM
EU
6/23/2023
018892664
11/08/2023
018892664
38
Int., 41 Int., 42 Int.
Registered
VERBUM
UK
6/23/2023
UK00003926123
9/29/2023
UK00003926123
38
Int., 41 Int., 42 Int.
Registered
VERBUM
JP
6/23/2023
2023-069780
12/13/2023
2023-069780
38
Int., 41 Int., 42 Int.
Registered
VERBUM
KR
6/23/2023
40-2023-0111480
38
Int., 41 Int., 42 Int.
Registered
VERBUM
MX
6/27/2023
2971928
38
Int.
Pending
VERBUM
MX
6/27/2023
2971930
11/28/2023
2632270
41
Int.
Registered
VERBUM
MX
6/27/2023
2971933
42
Int.
Pending
8
Our
business objective is to help organizations throughout the world to achieve their full potential via artificial intelligence by eliminating
language barriers in daily communications by providing high-quality, accurate, and efficient translation and transcription services using
natural language processing (NLP) technology. The Company’s focus is on developing a proprietary architecture that is faster and
more accurate than any other technology with a commitment to providing superior quality services to their customers.
Human
Resources
As
of December 31, 2025, the Company had 1 employee. The number of employees will increase through time and
natural sales growth.
Corporate
Information
The
Company was originally incorporated as Promotions on Wheels Holdings, Inc., a Nevada corporation, on July 3, 2006. On December 26, 2008,
the name of the Company was changed to Blindspot Alert, Inc. On September 11, 2009, the Company’s name was changed to WebSafety,
Inc. On March 23, 2021, the Company’s name was changed to VeriDetx Corp. On June 8, 2021, the Company’s name was changed
to WebSafety, Inc. On August 1, 2022, the Company acquired Metalanguage Corp (the “Acquisition”). Metalanguage Corp. was
solely owned by Saul Leal, who has become the Company’s CEO. Metalanguage Corp. owned certain intellectual property regarding the
use of artificial intelligence for the translation and transcription of foreign languages. This intellectual property became the basis
of the Company’s Verbum and Verbum SDK products. The Company issued shares of Series B-1 Convertible Preferred Stock and common
stock to Mr. Leal in exchange for all of the stock of Metalanguage Corp (the “Acquisition”). Upon completion of the Acquisition,
Mr. Leal became the CEO of the Company and became a director on the Company’s board of directors. On June 20, 2023, the Company’s
name was changed to OneMeta Inc.
Effective
October 31, 2025, Rowland W. Day II resigned from his positions as President, Chief Financial Officer, Secretary, Chief Legal Officer,
and as a member of the Board of Directors of the Company. On October 31, 2025, the Company entered into (i) a Confidential General Release
and Settlement Agreement with Rowland W. Day II, the Company’s former President, Chief Financial Officer, Secretary, Chief Legal
Officer, and a member of the Board of Directors (the “Settlement Agreement”), and (ii) a related Stock Repurchase Agreement
with the Rowland W. Day II and Jaimie D. Day Family Trust under declaration dated April 13, 1990 (the “Stock Repurchase Agreement”
and together with the Settlement Agreement, the “Agreements”). The Agreements were approved by the Company’s Board
of Directors on November 3, 2025. In connection with his resignation, the Company agreed to enter into a Stock Repurchase Agreement providing
for repurchase by the Company from the Trust of 4,309,710 shares of the Company’s Series B-1 Preferred Stock and 307,647 shares
of common stock, at per-share prices ranging from $0.605-$0.66 for the preferred shares and $0.055-$0.06 for the common shares, depending
on the repurchase date. The purchase was to occur on or around March 27, 2026 (the “Expiration Date”). On March 26,
2026, the Company entered into an amendment to the Stock Repurchase Agreement pursuant to which the Expiration Date was extended to April
10, 2026. As part of the extension of the settlement date, the Company is to pay an additional $100,000 to Rowland as an extension fee.
As of April 10, 2026, the Company purchased 4,166,667 shares of the Company’s Series B-1 Preferred Stock held by Rowland at a price
of $0.66 per Series B-1 Preferred share for a total cash consideration of $2,750,000.
9
Available
Information
Our
website address is https://www.onemeta.ai/. Information contained on or that can be accessed through our website does not constitute
part of this Annual Report on Form 10-K and the inclusion of our website address in this Annual Report on Form 10-K is an inactive textual
reference only.
The
following filings are available through our investor relations website after we file them with the Securities and Exchange Commission,
or the SEC: Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and our Proxy Statement for our annual meeting of stockholders.
These filings are also available for download free of charge on our investor relations website. Our investor relations website is located
at https://investors.onemeta.ai/sec-filings. The SEC also maintains an Internet website that contains reports, proxy statements and other
information about issuers, like us, that file electronically with the SEC. The address of that website is www.sec.gov.