---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-25-000067"
form_type: "8-K"
ticker: "EBZT"
cik: "0001730869"
company_name: "Everything Blockchain, Inc."
filed_at: "2025-01-06T23:59:59+00:00"
generated_at: "2026-05-28T11:03:41.721351+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Everything Blockchain sells EBControl and BuildDB for $3.3M, expects ~$20M impairment

## Summary
- Sold EBControl and BuildDB software to DataRock Technologies for $3.3M; includes settlement of $1.3M defaulted promissory note and assumption of $1.15M vendor debt.
- Also includes assumption of $655K accrued payroll/benefits, $250K prepaid royalties, and $193K future royalty from sales of sold assets.
- Craig T. Stevens, former board member and holder of defaulted note, is principal of DataRock; transaction with related party.
- Company to impair goodwill and intangible assets by approximately $20M, to be reflected in next Form 10-Q.
- Company had defaulted on senior secured promissory note of $1,302,956 owed to Stevens prior to agreement.

## SEC filing metadata
- accession: 0001477932-25-000067
- form_type: 8-K
- ticker: EBZT
- cik: 0001730869
- company_name: Everything Blockchain, Inc.
- filed_at: 2025-01-06T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.06, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1730869/000147793225000067/0001477932-25-000067-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1730869/000147793225000067/ebi_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-25-000067
- JSON: https://secwatch.observer/filing/0001477932-25-000067.json
- Plain text: https://secwatch.observer/filing/0001477932-25-000067.txt

## Key facts
- Restructurings & Charges
  Everything Blockchain, Inc. announced a impairment with charges of approximately $20 million affecting EBControl and BuildDB software solutions.
  - Type: impairment
  - Charge: approximately $20 million
  - Affected area: EBControl and BuildDB software solutions
  source text: the Company will impair its Goodwill and intangible assets associated with EBControl and BuildDB, which the Company expects to be approximately $20 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1730869/000147793225000067/0001477932-25-000067-index.htm

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