Cuentas, Inc.

Company at a glance

• Cuentas, Inc. (OTCQB: CUEN) is an integrated, mobile-first platform combining mobile connectivity, premium entertainment content, and digital lifestyle services.
• The business is organized into two core markets: Mobile Telecommunications and Entertainment Media Distribution, with a strategy to deliver a single, integrated experience that unifies connectivity and content.

Core segments and ownership structure

• World Mobile LLC (Mobile Telecommunications)

  • Cuentas owns 51%; World Mobile Group Ltd owns 49%.
  • The JV operates as an MVNO offering voice, text, data, planned VPN-enabled connectivity, and other next-generation services aimed at supporting high-quality media consumption and interactive entertainment.
  • Profits and losses from World Mobile LLC are allocated 85% to World Mobile Group and 15% to Cuentas. For Cuentas-related brands, allocations are 85% to Cuentas and 15% to World Mobile Group, subject to the applicable arrangements.

• World Mobile Media Group LLC (Entertainment Media Distribution)

  • Initially formed as a 51/49 JV with Cuentas holding 51%.
  • In January 2026 a new LLC (World Mobile Media Group LLC) was formed with a 51/49 structure between Cuentas and Tummo Road LLC to operate World Mobile Media (WMM), an OTT media and digital content platform with a channel “WMM 24/7.”
  • Net income/loss is allocated 51% to Cuentas and 49% to Tummo.
  • Governance includes two managing members; major actions require 66 2/3% consent.
  • World Mobile Media Group LLC intends to monetize licensed and original content, live events, creator-driven content, and socially impactful programming through pay-per-minute (PPM), pay-per-event (PPE), and ad-supported on-demand models.

Products, technology, and platform

• Mobile connectivity (World Mobile LLC)

  • Distributes and monetizes premium media experiences via a decentralized telecom model, including voice, text, data, and VPN-enabled connectivity.
  • World Mobile Chain is a telecoms blockchain designed to track network usage, enable fair revenue sharing, and provide a tamper-proof data layer without centralized control.
  • World Mobile has deployed over 100,000 AirNodes globally and serves roughly 3 million daily active users (as of early 2026).
  • North American/US activity includes a service agreement with Hallo 015 (Israel) to provide integrated cellular services for Hallo 015 subscribers visiting or residing in the US; the mobile platform is live with active accounts.

• Entertainment/media (World Mobile Media Group LLC / WMM)

  • A decentralized media platform combining licensed and original content, live events, and creator-generated programming with a focus on fan engagement and mobile subscriber growth.
  • Monetization includes PPM and PPE live experiences, plus free ad-supported on-demand programming.
  • In 2026 the company expects to begin live marketing, broadcasts, and active inscriptions of entertainment services in the US and internationally.

• Content and technology licensing

  • Negotiations and potential licensing arrangements with World Mobile Group Ltd for a Management & Software Licensing Agreement related to the Sharing Economy, a blockchain-based model for tracking usage and compensating participating operators.

Market reach and partnerships

• Hallo 015 distribution agreement (Nov 12, 2025): Non-exclusive distribution for eSIM products worldwide; initial terms included 1,000 eSIM units and a $5,000 credit facility for the distributor. Initial services started April 2026.
• WaveMAX / CuentasMAX JV
  • A 50%/50% JV aimed at deploying WaveMAX’s WiFi6 SharedFi technology in retail locations (bodegas, convenience stores) in the US. The JV established a footprint of approximately 30 access points by 2024–2025.

Financial position and liquidity (key metrics from 2025)

• As of December 31, 2025:
  • Cash and cash equivalents: approximately $57,000
  • Working capital deficit: approximately $4,069,000
  • Accumulated deficit: approximately $59,826,000
• The company reports limited revenue from its operating subsidiaries and an ongoing need for external financing; there is substantial doubt about the ability to continue as a going concern without additional funding.

Headcount and management

• As of March 31, 2026:
  • Management team: Chief Executive Officer and Interim Chief Financial Officer
  • Additional full-time staff: Compliance Officer, IT Director, and Executive Assistant
  • Total named personnel in the executive/administrative group: five individuals

Real estate activities (non-core)

• Historically, Cuentas invested in Florida real estate via Cuentas Casa and Brooksville Development Partners (BDP), including a 63.9% equity stake in Brooksville Property.
• Brooksville Property disposition: Sold the 63.9% equity stake for $800,000 on May 27, 2025; proceeds were used to settle debts with four major creditors.
• By late 2025, Cuentas had no current intent to invest in real estate; the Brooksville sale aided liquidity and debt settlement.
• Related party arrangements included a 16-month license and a related-party secured financing arrangement with former co-founder Michael De Prado; Fintech assets were placed in escrow and a separation agreement was finalized in September 2025.

Current business trajectory and milestones

• Mobile Telecommunications (World Mobile LLC): Active accounts, ongoing marketing and distribution efforts, US–Israel carrier collaboration (Hallo 015), and eSIM initiatives.
• Entertainment Media Distribution (World Mobile Media Group LLC / WMM): Plans to launch a decentralized, content-driven OTT platform, live events, and creator-driven programming, monetized via PPM, PPE, and ad-supported content.
• The company has completed various equity financings and convertible debt transactions to support liquidity, including conversion of a World Mobile Group convertible note into CUEN common shares (February 2026) representing approximately 18.5% equity at that time.

What the company does (concise)

• Provides an integrated mobile-first platform combining MVNO-style mobile service (via World Mobile LLC) with a decentralized, content-driven entertainment/media ecosystem (via World Mobile Media Group LLC and its WMM channel).
• Uses a blockchain-based sharing-economy telecom infrastructure (World Mobile Chain) to support secure, verifiable network usage and revenue sharing.
• Targets monetization through mobile service revenues, premium entertainment and interactive live experiences (PPM and PPE), and ad-supported on-demand content.

Notable scale indicators

• World Mobile network scale: 100,000+ AirNodes deployed and roughly 3 million daily active users as of early 2026.
• Israeli distribution arrangement and eSIM deployment activity with Hallo 015 (services started in 2026).
• WMM development includes a 51% stake for Cuentas in the new JV and plans for a 24/7 continuous programming channel.