2024 Q3 Form 10-Q Financial Statement

#000147793224005453 Filed on September 03, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2 2024 Q1
Revenue $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $70.75K $87.53K
YoY Change -76.42% -78.0%
Operating Profit -$413.0K -$70.75K
YoY Change 43.66% -76.48%
Interest Expense $76.21K $85.23K
YoY Change -96.42% -96.39%
% of Operating Profit
Other Income/Expense, Net $405.4K $216.4K -$464.4K
YoY Change -63.69% -94.19% -369.66%
Pretax Income $145.7K -$466.7K
YoY Change -95.74% 106.78%
Income Tax
% Of Pretax Income
Net Earnings -$7.658K $145.7K -$466.7K
YoY Change -100.92% -95.74% 106.78%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share $0.02 -$0.08
COMMON SHARES
Basic Shares Outstanding 591.9K shares 5.391M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q3 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $210.00 $210.00
YoY Change -99.86%
Cash & Equivalents $212.00 $211.00
Short-Term Investments
Other Short-Term Assets $40.50K $60.75K
YoY Change -61.82%
Inventory
Prepaid Expenses $20.25K $40.50K
Receivables
Other Receivables
Total Short-Term Assets $20.46K $40.71K $60.96K
YoY Change 5.26% 9.1% -80.58%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $6.750M $6.674M
YoY Change -63.71% -97.04%
Other Assets
YoY Change
Total Long-Term Assets $6.827M $6.750M $6.674M
YoY Change 4.8% -63.72% -97.04%
TOTAL ASSETS
Total Short-Term Assets $20.46K $40.71K $60.96K
Total Long-Term Assets $6.827M $6.750M $6.674M
Total Assets $6.847M $6.791M $6.735M
YoY Change 4.8% -63.57% -97.02%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $203.6K $235.6K $221.8K
YoY Change -1.19% 345.37% 293.88%
Deferred Revenue
YoY Change
Short-Term Debt $216.5K $216.5K
YoY Change 116.45%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.185M $792.0K $741.5K
YoY Change 175.41% 616.34% 247.49%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $876.3K $1.016M
YoY Change -53.88% -91.08%
Total Long-Term Liabilities $876.3K $1.016M
YoY Change -53.88% -91.08%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.185M $792.0K $741.5K
Total Long-Term Liabilities $876.3K $1.016M
Total Liabilities $1.732M $1.668M $1.758M
YoY Change 24.27% -17.71% -84.86%
SHAREHOLDERS EQUITY
Retained Earnings -$1.999M -$1.991M
YoY Change 5.22% -19.23%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$1.712M -$1.628M -$1.697M
YoY Change
Total Liabilities & Shareholders Equity $6.847M $6.791M $6.735M
YoY Change 4.8% -63.57% -97.02%

Cashflow Statement

Concept 2024 Q3 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income -$7.658K $145.7K -$466.7K
YoY Change -100.92% -95.74% 106.78%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $0.00 $0.00
YoY Change -100.0% -100.0%
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 0.000 0.000
Cash From Investing Activities 0.000
Cash From Financing Activities 0.000
Net Change In Cash 0.000 0.000
YoY Change -100.0% -100.0%
FREE CASH FLOW
Cash From Operating Activities $0.00 $0.00
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The preparation of financial statement 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 statement and the reported amounts of revenues and expenses during the reporting period.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statement, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from those estimates.</p>
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AmountDueToRelatedPartiesCurrent
135745 usd
us-gaap Administrative Fees Expense
AdministrativeFeesExpense
10000 usd
CY2024Q2 haia Accrued Sponsor Fees
AccruedSponsorFees
177095 usd
CY2022Q4 haia Accrued Sponsor Fees
AccruedSponsorFees
127095 usd
us-gaap Adjustments To Additional Paid In Capital Convertible Debt With Conversion Feature
AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature
177095 usd
haia Cash Underwriting Discount Percentage
CashUnderwritingDiscountPercentage
0.020 pure
haia Underwriter Cash Discount
UnderwriterCashDiscount
4312480 usd
haia Deferred Underwriting Discount Percentage
DeferredUnderwritingDiscountPercentage
0.035 pure
haia Deferred Underwriter Discount Amount
DeferredUnderwriterDiscountAmount
7546840 usd
CY2023Q2 haia Deferred Underwriter Discount Amount
DeferredUnderwriterDiscountAmount
7546840 usd
CY2024Q2 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
21906161 shares
CY2024Q2 haia Percentage Of Gross Proceeds On Equity Proceeds
PercentageOfGrossProceedsOnEquityProceeds
0.60 pure
CY2024Q2 haia Class Of Warrant Or Right Adjustment Of Exercise Price Of Warrants Or Rights Percent Based On Market Value And Newly Issued Price
ClassOfWarrantOrRightAdjustmentOfExercisePriceOfWarrantsOrRightsPercentBasedOnMarketValueAndNewlyIssuedPrice
1.15 pure
CY2024Q2 haia Class Of Warrant Or Right Adjustment Of Redemption Price Of Warrants Or Rights Percent Based On Market Value And Newly Issued Price One
ClassOfWarrantOrRightAdjustmentOfRedemptionPriceOfWarrantsOrRightsPercentBasedOnMarketValueAndNewlyIssuedPriceOne
1.80 pure
CY2024Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2024Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001

Files In Submission

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0001477932-24-005453-index-headers.html Edgar Link pending
0001477932-24-005453-index.html Edgar Link pending
0001477932-24-005453.txt Edgar Link pending
0001477932-24-005453-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
haia-20240630.xsd Edgar Link pending
haia_10q.htm Edgar Link pending
haia_ex311.htm Edgar Link pending
haia_ex312.htm Edgar Link pending
haia_ex321.htm Edgar Link pending
haia_ex322.htm Edgar Link pending
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FilingSummary.xml Edgar Link unprocessable
haia-20240630_cal.xml Edgar Link unprocessable
haia-20240630_def.xml Edgar Link unprocessable
haia-20240630_lab.xml Edgar Link unprocessable
haia-20240630_pre.xml Edgar Link unprocessable
haia_10q_htm.xml Edgar Link completed