2024 Q4 Form 10-Q Financial Statement

#000109690624002260 Filed on December 12, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2023 Q4
Revenue $21.55K $0.00
YoY Change -100.0%
Cost Of Revenue $0.00 $0.00
YoY Change -100.0%
Gross Profit $21.55K $0.00
YoY Change -100.0%
Gross Profit Margin 100.0%
Selling, General & Admin $10.77K
YoY Change 307.95%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $110.00
YoY Change -94.98%
% of Gross Profit
Operating Expenses $10.23K -$10.77K
YoY Change -194.97% -508.53%
Operating Profit $11.32K -$10.77K
YoY Change -205.08% -812.97%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $0.00
YoY Change
Pretax Income -$10.77K
YoY Change 613.25%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings $11.32K -$10.77K
YoY Change -205.08% 612.97%
Net Earnings / Revenue 52.53%
Basic Earnings Per Share
Diluted Earnings Per Share $0.00
COMMON SHARES
Basic Shares Outstanding 66.60M shares 66.59M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q4 2023 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.770K
YoY Change -86.37%
Cash & Equivalents $1.855K $2.771K
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $1.855K $2.771K
YoY Change -33.06% -86.37%
LONG-TERM ASSETS
Property, Plant & Equipment $3.018K $3.438K
YoY Change -12.22% 127.68%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $3.018K $6.854K
YoY Change -55.97% 355.42%
TOTAL ASSETS
Total Short-Term Assets $1.855K $2.771K
Total Long-Term Assets $3.018K $6.854K
Total Assets $4.873K $9.625K
YoY Change -49.37% -55.91%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $0.00 $0.00
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $5.000K
YoY Change -16.81%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $22.13K $5.000K
YoY Change 342.64% -16.81%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $22.13K $5.000K
Total Long-Term Liabilities $0.00
Total Liabilities $22.13K $5.000K
YoY Change 342.64% -16.81%
SHAREHOLDERS EQUITY
Retained Earnings -$83.85K
YoY Change
Common Stock $66.59K $66.59K
YoY Change 0.0% 2399.77%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$17.26K $4.625K
YoY Change
Total Liabilities & Shareholders Equity $4.873K $9.625K
YoY Change -49.37% -55.91%

Cashflow Statement

Concept 2024 Q4 2023 Q4
OPERATING ACTIVITIES
Net Income $11.32K -$10.77K
YoY Change -205.08% 612.97%
Depreciation, Depletion And Amortization $110.00
YoY Change -94.98%
Cash From Operating Activities $1.010K
YoY Change -107.02%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities $0.00
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000
YoY Change
NET CHANGE
Cash From Operating Activities 1.010K
Cash From Investing Activities 0.000
Cash From Financing Activities 0.000
Net Change In Cash 1.010K
YoY Change -107.02%
FREE CASH FLOW
Cash From Operating Activities $1.010K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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<p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000;text-align:justify"><b>Use of Estimates</b></p> <p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000"> </p> <p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000;text-align:justify">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. Due to the limited level of operations, the Company has not had to make material assumptions or estimates other than the assumption that the Company is a going concern.</p>
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CY2024Q4 us-gaap Tax Credit Carryforward Valuation Allowance
TaxCreditCarryforwardValuationAllowance
9620 usd
us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-1559 usd
CY2024Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
45809 usd
CY2024Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
38384 usd
CY2024Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
45809 usd
CY2024Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
38384 usd
CY2024Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
0 usd
CY2024Q1 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
0 usd
us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-1559 usd
CY2024 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
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us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-1559 usd
CY2024 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-4646 usd
us-gaap Other Income Tax Expense Benefit Continuing Operations
OtherIncomeTaxExpenseBenefitContinuingOperations
0 usd
CY2024 us-gaap Other Income Tax Expense Benefit Continuing Operations
OtherIncomeTaxExpenseBenefitContinuingOperations
0 usd

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