2024 Q2 Form 10-K Financial Statement
#000167479624000003 Filed on April 05, 2024
Income Statement
Concept | 2024 Q2 | 2023 Q4 | 2023 |
---|---|---|---|
Revenue | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $16.56K | $35.47K | $140.9K |
YoY Change | -49.8% | 2.54% | -0.09% |
% of Gross Profit | |||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | |||
YoY Change | |||
% of Gross Profit | |||
Operating Expenses | $16.56K | $35.47K | $140.9K |
YoY Change | -49.82% | 2.54% | -0.09% |
Operating Profit | -$16.56K | -$140.9K | |
YoY Change | -49.82% | -0.09% | |
Interest Expense | $84.00 | -$1.430K | -$5.300K |
YoY Change | -93.56% | 27.68% | -231.22% |
% of Operating Profit | |||
Other Income/Expense, Net | -$84.00 | -$5.303K | |
YoY Change | -93.56% | 31.29% | |
Pretax Income | -$16.64K | -$36.90K | -$146.2K |
YoY Change | -51.48% | 3.33% | 0.79% |
Income Tax | $0.00 | $0.00 | |
% Of Pretax Income | |||
Net Earnings | -$16.64K | -$36.90K | -$146.2K |
YoY Change | -51.48% | 3.33% | 0.78% |
Net Earnings / Revenue | |||
Basic Earnings Per Share | $0.00 | -$0.03 | |
Diluted Earnings Per Share | $0.00 | -$0.01 | -$0.03 |
COMMON SHARES | |||
Basic Shares Outstanding | 5.249M shares | 5.249M shares | |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2024 Q2 | 2023 Q4 | 2023 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $5.160K | $1.530K | $1.530K |
YoY Change | 122.41% | 705.26% | 705.26% |
Cash & Equivalents | $5.155K | $1.530K | $1.530K |
Short-Term Investments | |||
Other Short-Term Assets | |||
YoY Change | |||
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $5.155K | $1.530K | $1.530K |
YoY Change | 122.2% | 705.26% | 705.26% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | |||
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $0.00 | $0.00 | $0.00 |
YoY Change | |||
TOTAL ASSETS | |||
Total Short-Term Assets | $5.155K | $1.530K | $1.530K |
Total Long-Term Assets | $0.00 | $0.00 | $0.00 |
Total Assets | $5.155K | $1.530K | $1.530K |
YoY Change | 122.2% | 705.26% | 705.26% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $1.350K | $2.280K | $2.280K |
YoY Change | -99.68% | -99.37% | -99.37% |
Accrued Expenses | $80.00 | $493.0K | $493.0K |
YoY Change | -99.22% | 6302.6% | 6302.6% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $21.60K | $98.32K | $98.32K |
YoY Change | -75.8% | 29.23% | 29.23% |
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $23.03K | $593.6K | $593.6K |
YoY Change | -95.59% | 33.08% | 33.08% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $23.03K | $593.6K | $593.6K |
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
Total Liabilities | $23.03K | $593.6K | $593.6K |
YoY Change | -95.59% | 33.08% | 33.08% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$6.065M | -$6.015M | |
YoY Change | 2.08% | 2.49% | |
Common Stock | $41.56K | $5.248K | |
YoY Change | 691.92% | 0.0% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$17.88K | -$592.1K | -$592.1K |
YoY Change | |||
Total Liabilities & Shareholders Equity | $5.155K | $1.530K | $1.530K |
YoY Change | 122.2% | 705.26% | 705.26% |
Cashflow Statement
Concept | 2024 Q2 | 2023 Q4 | 2023 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$16.64K | -$36.90K | -$146.2K |
YoY Change | -51.48% | 3.33% | 0.78% |
Depreciation, Depletion And Amortization | |||
YoY Change | |||
Cash From Operating Activities | $18.52K | -$5.480K | -$20.91K |
YoY Change | -721.48% | 19.39% | -0.59% |
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Cash From Investing Activities | $0.00 | $0.00 | $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 | -14.20K | 5.000K | 22.24K |
YoY Change | -373.6% | 11.11% | 5.9% |
NET CHANGE | |||
Cash From Operating Activities | 18.52K | -5.480K | -20.91K |
Cash From Investing Activities | 0.000 | 0.000 | 0.000 |
Cash From Financing Activities | -14.20K | 5.000K | 22.24K |
Net Change In Cash | 4.320K | -480.0 | 1.330K |
YoY Change | 95.48% | 433.33% | -3900.0% |
FREE CASH FLOW | |||
Cash From Operating Activities | $18.52K | -$5.480K | -$20.91K |
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
Facts In Submission
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HST GLOBAL, INC. | |
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NV | |
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73-1215433 | |
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150 Research Drive | |
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Hampton | |
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VA | |
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Turner, Stone & Company, LLP | |
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<p style="font:10pt Times New Roman;margin-top:0pt;margin-bottom:12pt"><b>NOTE 1 - ORGANIZATION AND PRINCIPAL ACTIVITIES</b></p> <p style="font:10pt Times New Roman;margin-top:0pt;margin-bottom:12pt;text-align:justify">HST Global, Inc. (“the Company”) was incorporated on April 11, 1984 under the laws of the State of Delaware under the name of NT Holding Corporation. The Company has made several acquisitions and disposals of various business entities and activities. On May 9, 2008, the Company entered into a Merger and share exchange agreement with Health Source Technologies, Inc. This business acquisition has been accounted for as a reverse merger or recapitalization of Health Source Technologies, Inc (“Health Source”). At the time of the merger NT Holding Corporation had disposed of its assets and liabilities and had minimal operations. Immediately after the acquisition the Company changed its name to HST Global, Inc. Health Source Technologies, Inc. was incorporated under the laws of the State of Nevada on August 6, 2007. The Company is currently headquartered in Hampton, Virginia.</p> <p style="font:10pt Times New Roman;margin-top:0pt;margin-bottom:12pt;text-align:justify">The Company is an integrated health and wellness biotechnology company with a plan to develop and/or acquire a network of wellness centers worldwide with the primary focus on homeopathic and alternative treatments of late stage cancer and other life threatening diseases. In addition, the Company intends to acquire innovative products for the treatment of life threatening diseases. The Company primarily focuses on homeopathic and alternative product candidates that are undergoing or have already completed significant clinical testing for the treatment of late stage cancer and/or life threatening diseases.</p> <p style="font:10pt Times New Roman;margin-top:0pt;margin-bottom:12pt;text-align:justify">To date we have been unable to initiate our original business plan. While we are continuing to seek opportunities to do so, we are also seeking other opportunities to integrate assets, rights, or other potential revenue streams. </p> | |
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Basis Of Accounting
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<p style="font:10pt Times New Roman;margin-top:0pt;margin-bottom:12pt;color:#000000;text-align:justify"><span style="border-bottom:1px solid #000000">Basis of Presentation</span></p> <p style="font:10pt Times New Roman;margin-top:0pt;margin-bottom:12pt;color:#000000;text-align:justify">The accompanying consolidated financial statements and related notes include the activity of the Company and have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and with the rules and regulations of the United States Securities and Exchange Commission (“SEC”) to Form 10-K.</p> | |
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<p style="font:10pt Times New Roman;margin-top:0pt;margin-bottom:12pt;color:#000000;text-align:justify"><span style="border-bottom:1px solid #000000">Use of Estimates</span></p> <p style="font:10pt Times New Roman;margin-top:0pt;margin-bottom:12pt;color:#000000;text-align:justify">The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and the 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.</p> | |
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1284447 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
1253743 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Other
DeferredTaxAssetsTaxDeferredExpenseOther
|
113692 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Other
DeferredTaxAssetsTaxDeferredExpenseOther
|
113692 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
1170755 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
1140051 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
0 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
0 | usd |