$LUDG
LUDWIG ENTERPRISES, INC. Stock $ludg

$ludg Overview Financials Valuation SEC Filings Company Website

2023 Q4 Form 10-Q Financial Statement

#000190359623000928 Filed on November 28, 2023

Income Statement

Concept	2023 Q4	2023 Q3	2023 Q2
Revenue
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development		$34.50K
YoY Change		-84.36%
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses		$34.50K
YoY Change		-84.36%
Operating Profit		$195.6K	-$257.9K
YoY Change		-2.47%
Interest Expense		$4.003K	$2.600K
YoY Change		52.21%
% of Operating Profit		2.05%
Other Income/Expense, Net
YoY Change
Pretax Income		-$447.5K	-$583.4K
YoY Change
Income Tax
% Of Pretax Income
Net Earnings		-$447.5K	-$583.4K
YoY Change		47.21%	305.61%
Net Earnings / Revenue
Basic Earnings Per Share		$0.00	$0.00
Diluted Earnings Per Share		$0.00	$0.00
COMMON SHARES
Basic Shares Outstanding	154.4M shares	315.2M shares	319.4M shares
Diluted Shares Outstanding		315.2M shares	319.4M shares

Balance Sheet

Concept	2023 Q4	2023 Q3	2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents	$108.3K	$6.632K	$85.77K
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses	$4.133K	$4.133K
Receivables
Other Receivables
Total Short-Term Assets	$112.5K	$10.77K
YoY Change	-78.21%
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
YoY Change
TOTAL ASSETS
Total Short-Term Assets	$112.5K	$10.77K
Total Long-Term Assets	$0.00	$0.00
Total Assets	$112.5K	$10.77K
YoY Change	-78.21%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$1.574M	$1.356M
YoY Change	17.26%
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities	$1.574M	$1.356M
Total Long-Term Liabilities
Total Liabilities	$1.574M
YoY Change	17.26%
SHAREHOLDERS EQUITY
Retained Earnings	-$4.242M	-$3.793M
YoY Change	137.55%
Common Stock	$155.5K	$323.6K
YoY Change	-50.68%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	-$1.462M	-$1.345M	-$997.3K
YoY Change
Total Liabilities & Shareholders Equity	$112.5K	$10.77K
YoY Change	-78.21%

Cashflow Statement

Concept	2023 Q3	2023 Q2
OPERATING ACTIVITIES
Net Income	-$447.5K	-$583.4K
YoY Change	47.21%	305.61%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
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
YoY Change
NET CHANGE
Cash From Operating Activities
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash
YoY Change
FREE CASH FLOW
Cash From Operating Activities
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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	dei	Document Period End Date DocumentPeriodEndDate	2023-09-30
	dei	Document Transition Report DocumentTransitionReport	false
	dei	Entity File Number EntityFileNumber	333-271439
	dei	Entity Registrant Name EntityRegistrantName	Ludwig Enterprises, Inc.
	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	NV
	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	61-1133438
	dei	Entity Address Address Line1 EntityAddressAddressLine1	1749 Victorian Avenue,
	dei	Entity Address Address Line2 EntityAddressAddressLine2	#C-350
	dei	Entity Address City Or Town EntityAddressCityOrTown	Sparks
	dei	Entity Address State Or Province EntityAddressStateOrProvince	NV
	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	89431
	dei	City Area Code CityAreaCode	786
	dei	Local Phone Number LocalPhoneNumber	235-9026
	dei	Entity Current Reporting Status EntityCurrentReportingStatus	No
	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
	dei	Entity Small Business EntitySmallBusiness	true
	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
	dei	Entity Shell Company EntityShellCompany	false
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CY2023Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	-1345194	usd
CY2022Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	-826167	usd
CY2023Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	10765	usd
CY2022Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	516195	usd
CY2023Q3	cik0001960262	Research And Development In Expenses ResearchAndDevelopmentInExpenses	34498	usd
CY2022Q3	cik0001960262	Research And Development In Expenses ResearchAndDevelopmentInExpenses	18200	usd
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	cik0001960262	Original Issuance Debt Discount OriginalIssuanceDebtDiscount	30000	usd
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	cik0001960262	Debt Discount Beneficial Conversion Feature DebtDiscountBeneficialConversionFeature	75000	usd
	cik0001960262	Reclassification From Convertible Notes To Notes Payable ReclassificationFromConvertibleNotesToNotesPayable	429740	usd
	us-gaap	Use Of Estimates UseOfEstimates	<p id="xdx_843_eus-gaap--UseOfEstimates_zrU4PSEinNLc" style="margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Use of Estimates</b></span></p> <p style="margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Preparing financial statements in conformity with U.S. GAAP 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 revenues and expenses during the reported period. Actual results could differ from those estimates, and those estimates may be material.</span></p> <p style="margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Changes in estimates are recorded in the period in which they become known. The Company bases its estimates on historical experience and other assumptions, which include both quantitative and qualitative assessments that it believes to be reasonable under the circumstances.</span></p> <p style="margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Significant estimates during the nine months ended September 30, 2023 and 2022 include valuation of stock-based compensation, uncertain tax positions, and the valuation allowance on deferred tax assets.</span></p> <p style="margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="margin: 0; text-align: justify"></p><p style="margin-top: 0; margin-bottom: 0; font-weight: bold; text-align: center"></p> <p style="margin-top: 0; margin-bottom: 0; font-weight: bold; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023Q3	us-gaap	Inventory Finished Goods InventoryFinishedGoods	0	usd
CY2022Q4	us-gaap	Inventory Finished Goods InventoryFinishedGoods	0	usd
CY2022Q4	us-gaap	Derivative Liabilities Current DerivativeLiabilitiesCurrent	0	usd
CY2023Q3	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	34498	usd
CY2022Q3	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	220600	usd
	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	428708	usd
	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	265845	usd
CY2023Q3	us-gaap	Marketing And Advertising Expense MarketingAndAdvertisingExpense	48620	usd
CY2022Q3	us-gaap	Marketing And Advertising Expense MarketingAndAdvertisingExpense	4000	usd
	us-gaap	Marketing And Advertising Expense MarketingAndAdvertisingExpense	121397	usd
	us-gaap	Marketing And Advertising Expense MarketingAndAdvertisingExpense	5811	usd
	us-gaap	Payments For Repurchase Of Convertible Preferred Stock PaymentsForRepurchaseOfConvertiblePreferredStock	700000000	usd
	us-gaap	Payments For Repurchase Of Convertible Preferred Stock PaymentsForRepurchaseOfConvertiblePreferredStock	100000000	usd
CY2021Q4	us-gaap	Notes Payable NotesPayable	432136	usd
CY2022	us-gaap	Proceeds From Notes Payable ProceedsFromNotesPayable	150000	usd
CY2022	cik0001960262	Original Issue Debt Discount OriginalIssueDebtDiscount	-75000	usd
CY2022Q4	us-gaap	Notes Payable NotesPayable	507136	usd
	cik0001960262	Stock Purchased And Returnable In Exchange For Note Payable StockPurchasedAndReturnableInExchangeForNotePayable	122873	usd
CY2023Q3	us-gaap	Notes Payable NotesPayable	630009	usd
CY2023Q3	us-gaap	Other Notes Payable Current OtherNotesPayableCurrent	630009	usd
CY2022Q4	us-gaap	Other Notes Payable Current OtherNotesPayableCurrent	507136	usd
CY2022	us-gaap	Proceeds From Convertible Debt ProceedsFromConvertibleDebt	1307857	usd
CY2022	cik0001960262	Original Issue Debt Discount Convertible Notes Payable OriginalIssueDebtDiscountConvertibleNotesPayable	-552857	usd
CY2022	cik0001960262	Debt Discount Beneficial Conversion Feature Note DebtDiscountBeneficialConversionFeatureNote	-75000	usd
CY2022	cik0001960262	Convertible Notes Payable Note Discount ConvertibleNotesPayableNoteDiscount	138871	usd
CY2022	cik0001960262	Conversion Of Accrued Interest Into Convertible Notes Payable One ConversionOfAccruedInterestIntoConvertibleNotesPayableOne	9473	usd
CY2022Q4	us-gaap	Convertible Notes Payable ConvertibleNotesPayable	828344	usd
	us-gaap	Proceeds From Convertible Debt ProceedsFromConvertibleDebt	100000	usd
	cik0001960262	Debt Discount Beneficial Conversion Feature Note DebtDiscountBeneficialConversionFeatureNote	-30000	usd
	cik0001960262	Convertible Notes Payable Note Discount ConvertibleNotesPayableNoteDiscount	434514	usd
	cik0001960262	Conversion Of Debt Into Common Stock One ConversionOfDebtIntoCommonStockOne	-692858	usd
CY2023Q3	us-gaap	Convertible Notes Payable ConvertibleNotesPayable	640000	usd
CY2023Q3	us-gaap	Long Term Debt LongTermDebt	640000	usd
CY2022Q4	us-gaap	Long Term Debt LongTermDebt	1232857	usd
CY2022Q4	us-gaap	Debt Instrument Unamortized Discount DebtInstrumentUnamortizedDiscount	404513	usd
CY2023Q3	cik0001960262	Convertible Notes Payable Net ConvertibleNotesPayableNet	640000	usd
CY2022Q4	cik0001960262	Convertible Notes Payable Net ConvertibleNotesPayableNet	828344	usd
	cik0001960262	Debtprior To Modification DebtpriorToModification	151611	usd
	cik0001960262	Debtafter Modification DebtafterModification	107136	usd
	cik0001960262	Gain On Debt Extinguishment GainOnDebtExtinguishment	44475	usd
CY2023Q3	cik0001960262	Fair Value Of Common Stock On Conversion Date FairValueOfCommonStockOnConversionDate	445714	usd
CY2023Q3	cik0001960262	Fair Value Of Debt Subject To Inducement FairValueOfDebtSubjectToInducement	342857	usd
CY2023Q3	cik0001960262	Inducement Debt Expense InducementDebtExpense	102857	usd
CY2023Q3	cik0001960262	Fair Value Of Debt And Common Stock On Extinguishment Date FairValueOfDebtAndCommonStockOnExtinguishmentDate	1226160	usd
CY2023Q3	cik0001960262	Fair Value Of Debt Subject To Inducement Debt FairValueOfDebtSubjectToInducementDebt	1040000	usd
CY2023Q3	cik0001960262	Inducement Debt Note Expense InducementDebtNoteExpense	186160	usd

Files In Submission

Name	View Source	Status
0001903596-23-000928-index-headers.html	Edgar Link	pending
0001903596-23-000928-index.html	Edgar Link	pending
0001903596-23-000928.txt	Edgar Link	pending
0001903596-23-000928-xbrl.zip	Edgar Link	pending
cik0001960262-20230930.xsd	Edgar Link	pending
ex31_1.htm	Edgar Link	pending
ex31_2.htm	Edgar Link	pending
ex32_1.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
ludg_10q.htm	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending
cik0001960262-20230930_def.xml	Edgar Link	unprocessable
cik0001960262-20230930_lab.xml	Edgar Link	unprocessable
FilingSummary.xml	Edgar Link	unprocessable
cik0001960262-20230930_pre.xml	Edgar Link	unprocessable
ludg_10q_htm.xml	Edgar Link	completed
cik0001960262-20230930_cal.xml	Edgar Link	unprocessable

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$LUDG
LUDWIG ENTERPRISES, INC. Stock $ludg

2023 Q4 Form 10-Q Financial Statement

#000190359623000928 Filed on November 28, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LUDG LUDWIG ENTERPRISES, INC. Stock $ludg

2023 Q4 Form 10-Q Financial Statement

#000190359623000928 Filed on November 28, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LUDG
LUDWIG ENTERPRISES, INC. Stock $ludg