{ "schema_version": "1.0.0", "issuer_slug": "neptune-rem-llc", "security_slug": "membership-interests", "issuer_legal_name": "Neptune REM, LLC (“Real Bricks”)", "issuer_address": "30 N. Gould St., Suite R, Sheridan, WY 82801, USA", "security_name": "Membership Interests (issued by series)", "security_class": "Membership interests, no par value, offered on a per-series basis under Regulation A (Tier 2); no national securities exchange listing", "cik": null, "exemption": "Reg A", "state_of_incorporation": "Delaware", "transfer_agent": null, "auditor": "Artesian CPA, LLC", "legal_counsel": null, "business_description": "Neptune REM, LLC, operating as “Real Bricks,” is a Delaware series limited liability company offering interests in real-estate investments under Regulation A (Tier 2). Interests are offered on a per-series basis through the Real Bricks platform. Principal office: 30 N. Gould St., Suite R, Sheridan, WY 82801; telephone (970) 634-9281; website www.realbricks.com; EIN 92-1301404. Fiscal year end December 31. Figures presented are the Company-level consolidated totals from the “Consolidated” column of the audited consolidated financial statements in the Form 1-K for the fiscal year ended December 31, 2025.", "officers_and_directors": [ { "name": "Chris Gerardi", "title": "Chief Executive Officer and Director" }, { "name": "Troy Skabelund", "title": "Chief Financial Officer" }, { "name": "John Arsenault", "title": "Chief Operating Officer" }, { "name": "Eric Duncan", "title": "Chief Technical Officer" }, { "name": "Nikki Gilbreth", "title": "Chief Compliance Officer" }, { "name": "Taylor Utt", "title": "Chief Marketing Officer" } ], "capital_structure_as_of": "2025-12-31", "capital_structure": [ { "class_or_series": "Membership interests, issued by series (Real Bricks platform) — no par value; per-series authorized and outstanding interests are not stated in the source report and are pending the issuer-furnished/Mergent reconciliation pass (weighted average membership interests for FY2025: 531)", "authorized": null, "outstanding": null } ], "holders_of_record": null, "holders_of_record_as_of": null, "financial_statements": [ { "fiscal_year": "FY2025 (audited, consolidated)", "fiscal_year_end": "2025-12-31", "audited": true, "auditor": "Artesian CPA, LLC", "total_assets": 1835095, "total_liabilities": 1261586, "revenue": 88089, "net_income": -42635, "cash": 48039, "currency": "USD", "statement_url": null }, { "fiscal_year": "FY2024 (audited, consolidated comparative)", "fiscal_year_end": "2024-12-31", "audited": true, "auditor": "Artesian CPA, LLC", "total_assets": 1855207, "total_liabilities": 2304367, "revenue": 128324, "net_income": -231429, "cash": 20553, "currency": "USD", "statement_url": null } ], "auditor_report": { "auditor": "Artesian CPA, LLC", "report_date": null, "opinion": "Unmodified opinion on the consolidated financial statements for the year ended December 31, 2025, with a going-concern emphasis paragraph.", "going_concern_qualification": true, "going_concern_language": "Going concern: the consolidated financial statements were prepared assuming the Company will continue as a going concern. The Company will require additional capital until revenue from operations is sufficient to cover operational costs; these matters raise substantial doubt about the Company’s ability to continue as a going concern. Management intends to fund operations over the next 12 months through member advances and debt and/or equity financing. The Company also reported a members’ deficit at December 31, 2024, when total liabilities exceeded total assets.", "adverse_opinion": false, "adverse_opinion_language": null, "material_weakness": false, "material_weakness_language": "None identified in the reviewed sections.", "restatement": false, "restatement_language": null }, "tokenized_attributes": { "is_tokenized": false, "contract_address": null, "network": null, "token_standard": null, "onchain_record_role": null, "transfer_restriction_enforcement": null, "holding_period": null, "holding_period_expiration_date": null, "issuer_freeze_authority": null, "issuer_burn_authority": null, "issuer_reissue_authority": null, "smart_contract_audit_status": null, "smart_contract_auditor": null, "eligible_trading_venues": null, "collateral_or_lending_arrangement": null }, "guardd_publication_date": "2026-08-01", "last_verified_date": "2026-08-01", "next_annual_financials_due_date": "2027-03-31", "balance_sheet_date": "2025-12-31", "financials_through_date": "2025-12-31", "audited": true, "audited_balance_sheet_date": "2025-12-31", "status": "Current", "status_note": "Audited consolidated financial statements as of and for the fiscal year ended December 31, 2025 are on file from the Form 1-K, with FY2024 presented as an audited consolidated comparative. The auditor’s report includes a going-concern emphasis paragraph, and the Company reported a members’ deficit at December 31, 2024 — see the auditor’s report and adverse-information sections. No material weaknesses or material litigation were disclosed in the reviewed sections. Per-series interests, holders of record, and beneficial owners over 10% are not stated in the source report and are pending the issuer-furnished/Mergent reconciliation pass. Arithmetic verification of the filed statements: 14 of 14 tests PASS.", "series_count": 1, "publication_date": "2026-08-01", "regulatory_currency": { "computed_at": "2026-08-12T13:00:29.011Z", "thresholds": { "interim_months": 6, "annual_months": 16, "manual_exemption_months": 18, "warning_days": 30 }, "quotation_resale": { "clock": "quotation_resale", "label": "Quotation & Resale", "detail": "Balance sheet 12/31/2025 · financials through 12/31/2025 · interim due 06/30/2026 · annual due 04/30/2027", "explanation": "Interim financial information stays current for 6 months and the annual balance sheet for 16 months; unaudited interims are acceptable for quotation and resale.", "level": "red", "text": "Interim update overdue (1-SA)", "next_due_date": "2027-04-30" }, "manual_exemption": { "clock": "manual_exemption", "label": "Manual Exemption", "detail": "Audited balance sheet 12/31/2025 · audited annual due 06/30/2027", "explanation": "A state securities-manual exemption generally requires an audited balance sheet dated within 18 months.", "level": "green", "text": "Current information", "next_due_date": "2027-06-30" }, "needs_attention": true, "disclaimer": "Status reflects the currency of the information under SEC Rule 15c2-11 / Rule 144 and state manual-exemption timelines. It is not a legal determination and not legal advice; broker-dealers must make their own eligibility assessment." }, "source_filing": { "source_form": null, "accession_number": null, "filing_date": null, "edgar_url": null, "fiscal_period": "FY2025 (audited, consolidated)", "resolved_url": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&company=Neptune%20REM%2C%20LLC%20(%E2%80%9CReal%20Bricks%E2%80%9D)&type=&dateb=&owner=include&count=40", "is_search_fallback": true, "label": "FY2025 (audited, consolidated)" }, "adverse_flags": { "going_concern": true, "qualified_opinion": false, "scope_limited_audit": false, "material_weakness": false, "material_litigation": false }, "issuer_information": [ { "item": "Shares / units outstanding", "value": "To be populated", "as_of": "2025-12-31" }, { "item": "Authorized shares / units", "value": "To be populated", "as_of": "2025-12-31" }, { "item": "Holders of record", "value": "To be populated", "as_of": null }, { "item": "Par value", "value": "No par value", "as_of": null }, { "item": "Principal place of business", "value": "30 N. Gould St., Suite R, Sheridan, WY 82801, USA", "as_of": null }, { "item": "Transfer agent", "value": "To be populated", "as_of": null }, { "item": "Trading venue", "value": "Not yet available", "as_of": null } ], "pl_period_count": 2, "issuer_attested": false, "attestation_date": null, "trading_venue": null, "corrections": [], "status_label": "Current information", "status_disclaimer": "Reflects the currency of the information under Rule 15c2-11 / manual-exemption timelines. Not a legal determination and not legal advice; broker-dealers must make their own eligibility assessment.", "last_verified_definition": "“Last verified” is the date GUARDD last confirmed the record against the source filing.", "provenance": "Built directly from the issuer’s SEC filing on EDGAR; figures reproduced as filed and checked for internal arithmetic consistency. GUARDD does not edit, withhold, or suppress adverse issuer information.", "canonical_url": "https://guardd.com/disclosures/neptune-rem-llc/membership-interests", "json_url": "https://guardd.com/disclosures/neptune-rem-llc/membership-interests.json", "version": 1, "published_at": "2026-08-01T00:00:00.000Z", "content_hash": "97e33b94011d61b7ee3767c9e66f0a4e09bacc39f75c10076269f0cc4e262d3c" }