{"url_path":"/sec/olb/10-q/2026/item-1","section_key":"item-1","section_title":"Item 1 LEGAL PROCEEDINGS**","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-18","source_url":"https://www.sec.gov/Archives/edgar/data/1314196/0001213900-26-058054-index.html","accession_number":"0001213900-26-058054","cik":"0001314196","ticker":"OLB","issuer_name":"OLB GROUP, INC.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1314196/0001213900-26-058054-index.html","primary_entity_key":"0001314196","primary_entity_name":"OLB GROUP, INC."},"word_count":295,"has_tables":true,"body_markdown":"**ITEM 1. LEGAL PROCEEDINGS**\n\n \n\nThe Company is engaged ongoing litigation with\nFFS Data Corporation (“FFS”) relating to a breach of contract in connection with the Acquired Merchant Portfolio whereby the\nCompany is making a claim to recover the purchase price of the Acquired Merchant Portfolio and FFS is claiming to be paid the full purchase\nprice of the Acquired Merchant Portfolio. In addition, in connection with the litigation with FFS, the Company has also made a claim against\nClear Fork Bank (the “Bank”), the payment processing bank for the Acquired Merchant Portfolio, for damages the Company suffered\nas a result of it having to cease processing transactions for the merchants underlying the Acquired Merchant Portfolio. The Bank has filed\na counterclaim for fees incurred by it in connection with the transactions processed since the acquisition of the Acquired Merchant Portfolio\nby the Company. However, the damages claimed have been materially reduced over time due to account balancing which was not completed at\nthe time of the counterclaim.\n\n \n\nDMINT is currently in a contract dispute with\na contractor. The Company has paid $100,000 to the contractor for work completed and materials provided and returned materials to offset\nthe potential liability of approximately $444,000. The Company has recorded just over $315,000 in accounts payable related to the matter.\nThe matter continues to be in discovery; however, the parties continue to discuss settlement. The parties are working on a payment schedule\nbut have been unable to agree on terms to date.\n\n \n\nOther than discussed above, there are no\nmaterial claims, actions, suits, proceedings, or investigations that are currently pending or, to the Company’s knowledge, threatened\nby or against the Company or respecting its operations or assets, or by or against any of the Company’s officers, directors, or\naffiliates."}