$SKFG
Stark Focus Group, Inc.

2023 Q3 Form 10-Q Financial Statement

#000164033423002137 Filed on November 14, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2022 Q3
Revenue $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $10.31K
YoY Change -6.67%
% of Gross Profit
Research & Development $9.500K
YoY Change
% of Gross Profit
Depreciation & Amortization $3.110K
YoY Change
% of Gross Profit
Operating Expenses $1.334K -$19.81K
YoY Change -106.74% -279.28%
Operating Profit -$1.334K -$20.12K
YoY Change -93.37% 82.1%
Interest Expense $393.00 -$310.00
YoY Change -226.77%
% of Operating Profit
Other Income/Expense, Net -$393.00 -$312.00
YoY Change 25.96%
Pretax Income -$20.12K
YoY Change 117.75%
Income Tax
% Of Pretax Income
Net Earnings -$1.727K -$20.12K
YoY Change -91.42% 98.28%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share $0.00 -$2.022K
COMMON SHARES
Basic Shares Outstanding 9.948M shares 9.948M shares
Diluted Shares Outstanding 9.948M shares

Balance Sheet

Concept 2023 Q3 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $0.00 $0.00
Short-Term Investments
Other Short-Term Assets $9.890K
YoY Change
Inventory
Prepaid Expenses $0.00 $9.889K
Receivables
Other Receivables
Total Short-Term Assets $9.890K
YoY Change -37.88%
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 -$1.00
YoY Change -66.67%
TOTAL ASSETS
Total Short-Term Assets $9.890K
Total Long-Term Assets -$1.00
Total Assets $0.00 $9.889K
YoY Change -100.0% -37.87%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $0.00
YoY Change -100.0%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $54.53K
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $86.72K $54.53K
YoY Change 59.03% 1043.19%
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 $54.53K
Total Long-Term Liabilities $0.00
Total Liabilities $86.72K $54.53K
YoY Change 59.04% 1044.34%
SHAREHOLDERS EQUITY
Retained Earnings -$129.6K -$87.51K
YoY Change 48.09% -39.82%
Common Stock $995.00 $995.00
YoY Change 0.0% -2.64%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$86.72K -$44.64K
YoY Change
Total Liabilities & Shareholders Equity $0.00 $9.889K
YoY Change -100.0% -37.87%

Cashflow Statement

Concept 2023 Q3 2022 Q3
OPERATING ACTIVITIES
Net Income -$1.727K -$20.12K
YoY Change -91.42% 98.28%
Depreciation, Depletion And Amortization $3.110K
YoY Change
Cash From Operating Activities -$16.79K
YoY Change -117.46%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change -100.0%
Cash From Investing Activities $0.00
YoY Change -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 16.79K
YoY Change -120.04%
NET CHANGE
Cash From Operating Activities -16.79K
Cash From Investing Activities 0.000
Cash From Financing Activities 16.79K
Net Change In Cash 0.000
YoY Change -100.0%
FREE CASH FLOW
Cash From Operating Activities -$16.79K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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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>
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
NV
dei Entity Address Address Line1
EntityAddressAddressLine1
38 S Federal Highway #10-199
dei Entity Central Index Key
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dei Amendment Flag
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dei Current Fiscal Year End Date
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dei Document Fiscal Period Focus
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dei Document Fiscal Year Focus
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dei Entity Tax Identification Number
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dei Document Type
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dei Document Quarterly Report
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dei Document Period End Date
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dei Document Transition Report
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dei Entity File Number
EntityFileNumber
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dei Entity Registrant Name
EntityRegistrantName
STARK FOCUS GROUP INC.
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
EntitySmallBusiness
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dei Entity Emerging Growth Company
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dei Entity Ex Transition Period
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dei Entity Shell Company
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dei Entity Shell Company
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Files In Submission

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0001640334-23-002137-index.html Edgar Link pending
0001640334-23-002137.txt Edgar Link pending
0001640334-23-002137-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
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