Token Communities Ltd.

Overview

Token Communities, through its subsidiary ASC Global Inc., operates as a luxury waterfront home developer in southwest Florida. ASC Global owns and is developing more than 20 properties, primarily premium waterfront homesites in the Greater Sarasota area (including Northport, Gulf Cove, and Punta Gorda in Sarasota and Charlotte Counties). Many sites are gulf-access or sailboat-access and are located close to open water.

The company is also pursuing a multi-phase, mixed-use APOZ project in the Greater Houston area (Chambers County), totaling about 500 acres for industrial, commercial, and residential uses. The plan anticipates an industrial park with residential and supporting facilities and may pursue dual FTZ (Foreign Trade Zone) and QOZ (Qualified Opportunity Zone) status.

Corporate history and ownership

• Organized in Delaware on March 6, 2014 (original name: Pacific Media Group Enterprises, Inc.).
• Name changed to Extract Pharmaceuticals Inc. on April 7, 2017, and to Token Communities Ltd. in January 2018.
• On May 10, 2024, the company acquired all issued and outstanding shares of ASC Global in exchange for a promissory note.

Financing

• Promissory note: $5,000,000 principal, 4% annual interest, due May 10, 2027.
• The note was issued to David Champ (CEO, CFO, President of ASC Global) as part of the ASC Global acquisition.

Properties and assets

• As of June 30, 2025, the company owned 23 residential properties in Charlotte County and Sarasota County, Florida.
• Seven of those properties were under construction as of the same date.

Development plan and project phases

• Phase 1 – Stage 1: ~31.0 acres (30.97 acres) with three buildings — two at 100,000 sq ft each and one at 200,000 sq ft (intended for offices and to demonstrate project capability).
• Phase 1 – Stage 2: ~405 acres planned for industrial, commercial, and residential uses; detailed allocations will follow regulatory approvals.
• Phase 2: ~210 acres focused on an integrated community and business ecosystem combining large-scale manufacturing facilities with residential infrastructure.
• APOZ project: planned as a dual FTZ + QOZ business park; land is under contract and closing depends on zoning, regulatory approvals, and capital funding.

Location and operations

• Principal executive offices: 850 Tidewater Shore Loop, Suite 402, Bradenton, Florida 34208.
• The company currently uses office space provided at no charge by Xiangru Lin, a director.

Intellectual property

The company does not pursue patents, copyrights, or trademarks and relies on general IP laws and trade secret protections.

Market position and competition

The business competes with established, better-capitalized developers, including firms with larger or vertically integrated operations. The company recognizes risks related to obtaining regulatory approvals, securing capital, and changes in economic conditions.

Employees and resources

• Two full-time employees across the company and its subsidiaries.
• Additional support from dozens of part-time employees, general contractors, subcontractors, architects, engineers, and other professionals.

Cybersecurity and risk management

The company assesses cybersecurity risks as limited but has not formalized a risk assessment program. Primary responsibility for cybersecurity risk assessment rests with the CEO, who would report identified threats to the board.

Legal and other disclosures

As provided, there are no pending material legal proceedings involving the company or its property. The company acknowledges risks from competition, regulatory approvals, capital raising, and macroeconomic conditions.