$MMND
MASTERMIND, INC.

2024 Q4 Form 10-Q Financial Statement

#000147793224006974 Filed on November 08, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3 2023 Q3
Revenue $267.3K $1.209M
YoY Change -77.88% 5.2%
Cost Of Revenue $222.9K $446.8K
YoY Change -50.12% 7.13%
Gross Profit $44.48K $761.9K
YoY Change -94.16% 4.1%
Gross Profit Margin 16.64% 63.03%
Selling, General & Admin $600.4K
YoY Change 7.25%
% of Gross Profit 78.8%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.001K $7.260K
YoY Change -58.66% 11.69%
% of Gross Profit 6.75% 0.95%
Operating Expenses $352.9K $600.4K
YoY Change -41.21% 7.26%
Operating Profit -$308.5K $161.5K
YoY Change -290.98% -6.18%
Interest Expense $16.27K
YoY Change -3112.96%
% of Operating Profit 10.07%
Other Income/Expense, Net $5.432K $16.27K
YoY Change -66.61%
Pretax Income -$303.0K $177.8K
YoY Change -270.45% 3.6%
Income Tax -$79.36K $48.19K
% Of Pretax Income 27.11%
Net Earnings -$223.7K $129.6K
YoY Change -272.59% -45.81%
Net Earnings / Revenue -83.67% 10.72%
Basic Earnings Per Share -$0.01 $0.00
Diluted Earnings Per Share -$0.01 $0.00
COMMON SHARES
Basic Shares Outstanding 34.51M shares 34.51M shares 34.51M shares
Diluted Shares Outstanding 34.51M shares 34.51M shares

Balance Sheet

Concept 2024 Q4 2024 Q3 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.395M
YoY Change -19.6%
Cash & Equivalents $510.5K $1.395M
Short-Term Investments
Other Short-Term Assets $0.00
YoY Change -100.0%
Inventory
Prepaid Expenses
Receivables $158.2K $677.3K
Other Receivables $111.8K
Total Short-Term Assets $2.792M $3.809M
YoY Change -26.68% 14.5%
LONG-TERM ASSETS
Property, Plant & Equipment $28.24K $36.67K
YoY Change -22.99% -29.48%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $28.24K $36.67K
YoY Change -22.99% -82.18%
TOTAL ASSETS
Total Short-Term Assets $2.792M $3.809M
Total Long-Term Assets $28.24K $36.67K
Total Assets $2.821M $3.845M
YoY Change -26.65% 8.87%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $283.0K
YoY Change 158.98%
Accrued Expenses $0.00
YoY Change -100.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $172.9K $416.0K
YoY Change -58.44% -24.6%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $0.00
YoY Change -100.0%
Total Long-Term Liabilities $0.00
YoY Change -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $172.9K $416.0K
Total Long-Term Liabilities $0.00
Total Liabilities $357.8K $761.8K
YoY Change -53.03% -9.08%
SHAREHOLDERS EQUITY
Retained Earnings $2.365M $2.986M
YoY Change -20.79% 14.99%
Common Stock $34.51K $34.51K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.463M $3.084M
YoY Change
Total Liabilities & Shareholders Equity $2.821M $3.845M
YoY Change -26.65% 8.87%

Cashflow Statement

Concept 2024 Q4 2024 Q3 2023 Q3
OPERATING ACTIVITIES
Net Income -$223.7K $129.6K
YoY Change -272.59% -45.81%
Depreciation, Depletion And Amortization $3.001K $7.260K
YoY Change -58.66% 11.69%
Cash From Operating Activities $210.8K
YoY Change -191.16%
INVESTING ACTIVITIES
Capital Expenditures $2.070K
YoY Change -70.97%
Acquisitions
YoY Change
Other Investing Activities $1.200K
YoY Change
Cash From Investing Activities -$870.00
YoY Change -87.8%
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 210.8K
Cash From Investing Activities -870.0
Cash From Financing Activities
Net Change In Cash 209.9K
YoY Change -188.07%
FREE CASH FLOW
Cash From Operating Activities $210.8K
Capital Expenditures $2.070K
Free Cash Flow $208.7K
YoY Change -187.57%

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us-gaap Nature Of Operations
NatureOfOperations
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong>1. Business</strong></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 0px 0px 45px; text-align:justify;">Mastermind, Inc. (the “Company”, “we”, “us”, or the “organization”) is an involvement marketing service agency that designs, creates and develops branding and marketing campaigns, primarily for large corporate clients with well-known brands. We specialize in customer conversion initiatives that we believe facilitate the involvement of more of the “right customers” with the brands of our clients. We focus on converting prospects to customers. Our programs can take on various forms, including creating and managing content marketing, influencer marketing, social marketing/community management, digital issues management communications, promotions, Augmented Reality Marketing, and UX Analytics &amp; Digital Intelligence.</p>
CY2024Q3 us-gaap Cash
Cash
107991 usd
CY2023Q4 us-gaap Cash
Cash
60824 usd
CY2024Q3 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
402550 usd
CY2023Q4 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
1076186 usd
CY2024Q3 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
510541 usd
CY2023Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
1137010 usd
CY2024Q3 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000 usd
CY2024Q3 us-gaap Deposit Liability Uninsured
DepositLiabilityUninsured
153000 usd
CY2024Q3 us-gaap Finite Lived License Agreements Gross
FiniteLivedLicenseAgreementsGross
2100000 usd
CY2024Q3 mmnd Related Party Transaction Expenses With Related Party
RelatedPartyTransactionExpensesWithRelatedParty
157681 usd
mmnd Related Party Transaction Expenses With Related Party
RelatedPartyTransactionExpensesWithRelatedParty
572326 usd
CY2023Q3 mmnd Related Party Transaction Expenses With Related Party
RelatedPartyTransactionExpensesWithRelatedParty
280577 usd
mmnd Related Party Transaction Expenses With Related Party
RelatedPartyTransactionExpensesWithRelatedParty
821366 usd
CY2024Q3 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
93135 usd
CY2023Q4 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
93135 usd
CY2024Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
64893 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
55237 usd
CY2024Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
28242 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
37898 usd
CY2024Q3 us-gaap Depreciation
Depreciation
3001 usd
us-gaap Depreciation
Depreciation
9656 usd
CY2023Q3 us-gaap Depreciation
Depreciation
3635 usd
us-gaap Depreciation
Depreciation
11288 usd
CY2024Q3 us-gaap Finite Lived License Agreements Gross
FiniteLivedLicenseAgreementsGross
2100000 usd
CY2024Q3 mmnd Finite Lived Intangible Assets Amortization Expense License
FiniteLivedIntangibleAssetsAmortizationExpenseLicense
27000 usd
mmnd Finite Lived Intangible Assets Amortization Expense License
FiniteLivedIntangibleAssetsAmortizationExpenseLicense
81000 usd
CY2023Q3 mmnd Finite Lived Intangible Assets Amortization Expense License
FiniteLivedIntangibleAssetsAmortizationExpenseLicense
27000 usd
mmnd Finite Lived Intangible Assets Amortization Expense License
FiniteLivedIntangibleAssetsAmortizationExpenseLicense
81000 usd
CY2022Q1 mmnd Loss Contingency Damages Sought Shares Of Common Stock
LossContingencyDamagesSoughtSharesOfCommonStock
3000000 shares
CY2024Q3 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
1098574 usd
CY2024Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2024Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
125000000 shares
CY2024Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
34505520 shares

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