NATE'S FOOD CO.
natesfoodco.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q2 FY2024 10-Q, filed Jan 17, 2024. Its latest SEC filing is a 8-K from Feb 12, 2024.
10-Q for Q2 FY2024, filed Jan 17, 2024
The sections below describe the company as of the FY2023 annual report.
What Did They Do?
Mines Bitcoin by verifying transactions on the Bitcoin network and earning Bitcoin rewards. It is also exploring licensing pancake and waffle products.
10-K for FY2023, filed Sep 13, 2023The Company is engaged in “ Bitcoin Mining” – i.e., the process by which Bitcoins are created resulting in new blocks being added to the…View ↗
In General. Historically, our food development division has licensed, developed and manufactured food products. Our Board of Directors…View ↗
Our food products production has been halted and we are focused on licensing our developed products consisting of a ready-to-use, pre-mixed…View ↗
How Did They Make Money?
It earns Bitcoin by verifying transactions for the Bitcoin network, receiving a Bitcoin award when its verification work earns one.
10-K for FY2023, filed Sep 13, 2023Our revenues currently consist of cryptocurrency mining revenues, which we began generating in September 2021. The Company earns its…View ↗
$25.2K
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10-K for FY2023, filed Sep 14, 2023
$25.2K ↗
Who Were Their Customers?
Food products were sold to customers across the United States through the company's online store; retail chains received product samples.
10-K for FY2023, filed Sep 13, 2023
Did Revenues Turn Into Profits?
No. It lost $250.7K in FY2023.
10-K for FY2023, filed Sep 14, 2023
−$142.3KView ↗
10-K for FY2023, filed Sep 14, 2023
−$250.7KView ↗
10-K for FY2023, filed Sep 14, 2023
−$42.5KView ↗
How Were They Changing?
- Net income
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Sources
10-Q for Q2 FY2024, filed Jan 17, 2024
−$181.5KView ↗
- ▲ +29% (Loss)
- vs −$140.5K in Q2 FY2023
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Jan 19, 2024
Received a purchase order for jet fuel
The buyer said funds would follow confirmation of the refinery's quality report; tank-storage and verification steps remained underway.
Sources
8-K, filed Jan 19, 2024
(1) On January 16, 2024, the Company announced that it has received a purchase order for up to 49,000,000 barrels of jet fuel with an…View ↗
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Jan 11, 2024
Agreed to a jet-fuel sales joint venture
The agreement gives the company the right to sell fuel to buyers and source it through its joint venture partner.
Sources
8-K, filed Jan 11, 2024
On January 10, 2024, the Company announced a joint venture agreement with a jet fuel allocation holder. Under the joint venture, the…View ↗
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Dec 8, 2023
Abandoned plans to acquire JP Energy
The company said it no longer expected the acquisition to close and requested the return of funds sent to JP Energy.
Sources
8-K, filed Dec 8, 2023
The Company has been actively engaged in ongoing discussions with JP Energy regarding the acquisition agreement formalized in September…View ↗
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