Unicoin Inc. is a technology firm engaged in digital assets, cryptocurrency, and media, with a diverse portfolio including the Unicoin token project, Unicorns media company, and TaaS and SaaS businesses.

# Company Summary - Unicoin Inc.

## Overview
- **Type:** Technology company operating in digital assets, cryptocurrency, and media sectors.
- **Incorporation:** Delaware, June 22, 2015.
- **Headquarters:** 228 Park Ave South, New York, NY.
- **Number of Employees:** 11 as of the latest reporting period.
- **Legal Status:** Emerging growth company, smaller reporting company.

## Core Business Segments
1. **Unicoin (Cryptocurrency/Token Project):**
   - Developed a token called *unicoin* (“unicoins” or “tokens”) aimed to function as both utility and security token.
   - Planning collateralization with assets like real estate and equity stakes.
   - Proposed total issuance of **25 billion unicoins**.
   - As of February 1, 2025:
     - Raised approximately **$37.4 million** through presale certificates (~1.8 billion tokens).
     - Issued **deferred payment certificates** for about **3.4 billion unicoins** (with amounts payable of $147.5 million).
     - Issued **730 million unicoin certificates** to stockholders, **522 million** as insider compensation, and **200 million** for service providers/influencers.
     - Issued **1.21 billion tokens** in real estate transactions (about 777.4 million in escrow/pending tokenization).

2. **Unicorns (Media & Entertainment):**
   - Owns **71.88%** stake in Unicorns Inc.
   - Produces the *Unicorn Hunters* reality TV/streaming show.
   - The show showcases private companies seeking to raise capital; these companies appear as part of the show's fundraising process.
   - Revenue predominantly from:
     - Equity shares, stock options, warrants from featured companies.
     - Anticipated future revenue from memberships, syndication, advertising, and merchandise.
   - Revenue in 2024: approximately **$2,676** (primarily from a single distribution episode).
   - As of December 31, 2024:
     - Investments in Unicorns valued at approximately **$8.16 million**.
     - Revenue from Unicorns represented on the show was recognized when episodes were distributed.

3. **TaaS (Talent-as-a-Service) and SaaS Businesses:**
   - **SheWorks!** (acquired via merger with Yandiki):
     - Focuses on connecting women freelancers/employees with companies.
   - **ITSQuest:**
     - Regional staffing agency in New Mexico and Texas with 12 locations.
   - **Legacy SaaS Business:**
     - Provides remote workforce management software; currently being phased out due to attrition.
   - **Revenue in 2024:**
     - TaaS (including ITSQuest): approximately **$20.4 million**.
     - SaaS: modest with **$32,549**.
     - Unicorns: **$2,676**.
   - **Employees:** 11 total, with external consultants and contractors used as necessary.

## Financial Highlights (2024)
- **Total Revenue:** approx. **$20.44 million**.
- **Net Loss:** approx. **$35.57 million**.
- **Cash & Equivalents:** approx. **$2.6 million**.
- **Major Customers:**
  - Two customers (likely in TaaS) account for **40%** of revenue:
    - Customer A: 28% of total revenue.
    - Customer B: 12% of total revenue.

## Additional Details
- The company manages assets across North, South, and Central America.
- Has formed subsidiaries for holding real estate outside the US.
- Owns intellectual property related to its SaaS platform and media assets.
- Underwent legal scrutiny, including SEC “Wells Notices” suggesting potential enforcement actions.
- Has not issued any unicoins yet but has raised funds via presale certificates and expects to launch the token pending regulatory review.
- Plans to use the unicoins within the Unicorn Hunters ecosystem for media purchases and other utility functions.
- The company has significant legal and financial uncertainties regarding its future operational plans, blockchain development, and regulatory compliance.

Unicoin Inc. is a Delaware-based technology company specializing in security tokens and digital assets, operating in SaaS, TaaS, and media segments.

# Summary of Unicoin Inc.

## Overview
Unicoin Inc. (formerly known as TransparentBusiness, Inc.) is a Delaware-based technology company founded on June 22, 2015. The company is focused on developing a security token called Unicoin, aimed at capturing a significant share of the rapidly growing digital assets and cryptocurrency market. The company operates in three main segments: Software-as-a-Service (SaaS), Talent-as-a-Service (TaaS), and media through its subsidiary Unicorns, which produces a reality TV show titled *Unicorn Hunters*.

## Business Segments

### 1. Software-as-a-Service (SaaS)
- **Product**: A cloud-based platform designed for workforce management, allowing businesses to manage remote work efficiently and ensuring transparency against overbilling by contractors.
- **Customers**: The SaaS platform has over **30,000 individual users** serving a variety of clients, including government institutions and Fortune 500 companies.
- **Revenue**: The SaaS segment generated **$12,616** in revenue for the fiscal year ending December 31, 2023, representing a decline of **38%** from the previous year, as the company is gradually phasing out its SaaS operations.

### 2. Talent-as-a-Service (TaaS)
- **Product**: The TaaS business connects companies with freelance and remote workers, enabling more efficient project staffing.
- **Customers**: This segment has a significant focus on government agencies, along with private sector clients.
- **Revenue**: TaaS revenues amounted to **$19,425,000** for fiscal year 2023, an increase of **3%** from **$18,840,500** in fiscal year 2022. This segment accounted for **93%** of total revenues in 2023.

### 3. Unicorns Inc. (Media)
- **Product**: Produces the *Unicorn Hunters* show, which showcases private companies seeking funding by promoting their private offerings to a broader audience.
- **Revenue**: The revenue from Unicorns fell to **$1,512,293** in 2023, down **65%** from **$4,353,000** in 2022, primarily due to fewer episodes produced during the year.
  
## Financial Performance
- **Total Revenue**: For the fiscal year ending December 31, 2023, Unicoin Inc. reported total revenues of **$20,949,862**, down **10%** from **$23,213,963** in 2022.
- **Gross Profit**: The gross profit for 2023 was **$5,344,157**, which is **26%** of total revenue, compared to **$2,773,745** or **12%** of total revenue in 2022.
- **Net Loss**: The company reported a net loss of **$37,738,743** in 2023, larger than the loss of **$34,127,319** in 2022.

## Employees and Infrastructure
- **Workforce**: Unicoin Inc. is transitioning away from its legacy SaaS and TaaS services, primarily managed through its majority ownership in ITSQuest and SheWorks—staffing entities focused on remote work capabilities.
- **Facilities**: The company operates from leased facilities in multiple U.S. states including Nevada, New York, California, New Mexico, Texas, and Florida.

## Current Situation and Future Outlook
- The future business model revolves around Unicoin and the Unicorn Hunters show, with significant investments planned for marketing and brand establishment in the cryptocurrency sector.
- As of December 31, 2023, the company has substantial accumulated deficits totaling **$131,375,466** and is actively seeking capital to fund its operations and initiatives, with ongoing evaluations of its business strategy amidst liquidity concerns.

Unicoin Inc. aims to leverage its media presence and emerging digital asset strategies to position itself favorably in the evolving cryptocurrency landscape while addressing key inefficiencies and branding challenges existing within this sector.

Unicoin Inc.

10-K / April 15, 2025

10-K / April 2, 2024

10-K / April 15, 2025

Company Summary - Unicoin Inc.

Overview

Core Business Segments

Financial Highlights (2024)

Additional Details