$SKFG
Stark Focus Group, Inc.

2023 Q3 Form 10-Q Financial Statement

#000164033423001569 Filed on August 14, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2 2022 Q2
Revenue $0.00
YoY Change -100.0%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $9.010K
YoY Change -58.25%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $1.334K -$8.731K $9.010K
YoY Change -106.74% -196.9% -58.25%
Operating Profit -$1.334K -$389.00 -$9.010K
YoY Change -93.37% -95.68% -58.25%
Interest Expense $393.00
YoY Change -226.77%
% of Operating Profit
Other Income/Expense, Net -$393.00 -$389.00 $0.00
YoY Change 25.96%
Pretax Income -$9.010K
YoY Change -74.86%
Income Tax
% Of Pretax Income
Net Earnings -$1.727K -$9.120K -$9.010K
YoY Change -91.42% 1.22% -57.35%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share $0.00 -$905.70
COMMON SHARES
Basic Shares Outstanding 9.948M shares 9.948M shares 9.948M shares
Diluted Shares Outstanding 9.948M shares

Balance Sheet

Concept 2023 Q3 2023 Q2 2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $0.00
YoY Change -100.0%
Cash & Equivalents $0.00 $0.00 $0.00
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses $0.00 $0.00
Receivables
Other Receivables
Total Short-Term Assets $0.00
YoY Change -100.0%
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
YoY Change -100.0%
TOTAL ASSETS
Total Short-Term Assets $0.00
Total Long-Term Assets $0.00
Total Assets $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $100.00
YoY Change -99.15%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $24.42K
YoY Change -70.86%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $86.72K $24.52K
YoY Change 59.03% -74.36%
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 $86.72K $24.52K
Total Long-Term Liabilities $0.00
Total Liabilities $86.72K $78.99K $24.52K
YoY Change 59.04% 222.13% -74.36%
SHAREHOLDERS EQUITY
Retained Earnings -$129.6K -$121.9K -$67.40K
YoY Change 48.09% 80.82% -50.49%
Common Stock $995.00 $995.00 $995.00
YoY Change 0.0% 0.0% -2.64%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$86.72K -$78.99K -$24.52K
YoY Change
Total Liabilities & Shareholders Equity $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%

Cashflow Statement

Concept 2023 Q3 2023 Q2 2022 Q2
OPERATING ACTIVITIES
Net Income -$1.727K -$9.120K -$9.010K
YoY Change -91.42% 1.22% -57.35%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$8.980K
YoY Change -68.92%
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 8.980K
YoY Change -69.61%
NET CHANGE
Cash From Operating Activities -8.980K
Cash From Investing Activities
Cash From Financing Activities 8.980K
Net Change In Cash 0.000
YoY Change -100.0%
FREE CASH FLOW
Cash From Operating Activities -$8.980K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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dei Document Type
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dei Document Period End Date
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2023-06-30
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
333-237100
dei Entity Registrant Name
EntityRegistrantName
STARK FOCUS GROUP INC.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
NV
dei Entity Address Address Line1
EntityAddressAddressLine1
38 S Federal Highway
dei Entity Address Address Line2
EntityAddressAddressLine2
#10-199
dei Entity Address City Or Town
EntityAddressCityOrTown
Dania Beach
dei Entity Address State Or Province
EntityAddressStateOrProvince
FL
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
33004
dei City Area Code
CityAreaCode
352
dei Local Phone Number
LocalPhoneNumber
562 - 0289
dei Entity Current Reporting Status
EntityCurrentReportingStatus
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dei Entity Interactive Data Current
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dei Entity Filer Category
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dei Entity Small Business
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us-gaap General And Administrative Expense
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us-gaap General And Administrative Expense
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CY2023Q2 us-gaap Operating Expenses
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CY2023Q2 us-gaap Financing Interest Expense
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CY2022Q2 us-gaap Financing Interest Expense
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us-gaap Financing Interest Expense
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us-gaap Financing Interest Expense
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CY2023Q2 us-gaap Other Nonoperating Income Expense
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us-gaap Net Income Loss
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CY2022Q2 stark Earnings Per Shares Basic And Diluted
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stark Earnings Per Shares Basic And Diluted
EarningsPerSharesBasicAndDiluted
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stark Earnings Per Shares Basic And Diluted
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CY2023Q2 stark Weighted Average Number Of Shares Outstanding Basic And Diluted
WeightedAverageNumberOfSharesOutstandingBasicAndDiluted
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CY2022Q2 stark Weighted Average Number Of Shares Outstanding Basic And Diluted
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stark Weighted Average Number Of Shares Outstanding Basic And Diluted
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us-gaap Profit Loss
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us-gaap Increase Decrease In Prepaid Expense
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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stark Payment Of Interest For Promissory Note
PaymentOfInterestForPromissoryNote
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stark Payment Of Interest For Promissory Note
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us-gaap Proceeds From Other Debt
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us-gaap Proceeds From Other Debt
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Use Of Estimates
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<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The preparation of financial statements in conformity with generally accepted accounting principles 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 amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</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;">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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Files In Submission

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0001640334-23-001569-index-headers.html Edgar Link pending
0001640334-23-001569-index.html Edgar Link pending
0001640334-23-001569.txt Edgar Link pending
0001640334-23-001569-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
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report.css Edgar Link pending
Show.js Edgar Link pending
stark-20230630.xsd Edgar Link pending
stark_10q.htm Edgar Link pending
stark_ex311.htm Edgar Link pending
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stark-20230630_lab.xml Edgar Link unprocessable
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stark_10q_htm.xml Edgar Link completed