---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-007754"
form_type: "8-K"
ticker: "SDEV"
cik: "0001389545"
company_name: "Stablecoin Development Corp"
filed_at: "2024-03-14T23:59:59+00:00"
generated_at: "2026-06-04T19:08:09.521012+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NovaBay sells DERMAdoctor skincare for $1.07M; reports Q4 net sales $3.7M, operating loss $3.2M

## Summary
- Sells DERMAdoctor for ~$1.07M cash to New Age Investments; closing expected by March 31, 2024.
- Q4 2023 net sales $3.7M (DERMAdoctor $0.9M, eyecare/wound care $2.8M); operating loss $3.2M.
- FY 2023 net sales $14.7M, operating loss $7.4M including $2.5M non-cash impairment of DERMAdoctor assets.
- CEO says sale reduces operating expenses and provides cash to focus on core Avenova business and Eyenovia partnership.
- Cash as of Dec 31, 2023 was $3.1M; convertible notes $1.1M net.

## SEC filing metadata
- accession: 0001437749-24-007754
- form_type: 8-K
- ticker: SDEV
- cik: 0001389545
- company_name: Stablecoin Development Corp
- filed_at: 2024-03-14T23:59:59+00:00
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1389545/000143774924007754/0001437749-24-007754-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1389545/000143774924007754/nby20240313_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-007754
- JSON: https://secwatch.observer/filing/0001437749-24-007754.json
- Plain text: https://secwatch.observer/filing/0001437749-24-007754.txt

## Key facts
- Earnings Releases
  Stablecoin Development Corp reported preliminary financial results for three and twelve months ended December 31, 2023.
  - Period: three and twelve months ended December 31, 2023
  - Result: preliminary results
  source text: On March 14, 2024, the Company issued a press release announcing that it had entered into the Purchase Agreement and regarding its results for the three and twelve months ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1389545/000143774924007754/0001437749-24-007754-index.htm
- Material Agreements
  Stablecoin Development Corp entered into Membership Unit Purchase Agreement with New Age Investments LLC valued at $1,070,000 (effective 2024-03-12).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: New Age Investments LLC
  - Value: $1,070,000
  - Effective: 2024-03-12
  source text: On March 12, 2024, NovaBay Pharmaceuticals, Inc., a Delaware corporation (the “ Company ”), entered into a Membership Unit Purchase Agreement (the “ Purchase Agreement ”) by and among: (i) New Age Investments LLC, a Florida limited liability company (the “ Buyer ”); (ii) DERMAdoctor, LLC, a Missouri limited liability company (“ DERMAdoctor ”); and (iii) the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1389545/000143774924007754/0001437749-24-007754-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.