2024 Q2 Form 10-Q Financial Statement

#000139390524000183 Filed on May 20, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1 2023 Q4
Revenue $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income
YoY Change
Income Tax
% Of Pretax Income
Net Earnings -$8.605K -$7.216K
YoY Change 126.45% 122.03%
Net Earnings / Revenue
Basic Earnings Per Share $0.00 $0.00
Diluted Earnings Per Share
COMMON SHARES
Basic Shares Outstanding 5.600M shares 5.600M shares 5.600M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q2 2024 Q1 2023 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $0.00 $0.00 $0.00
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $0.00 $0.00 $0.00
YoY Change
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 $0.00 $0.00 $0.00
Total Long-Term Assets $0.00 $0.00 $0.00
Total Assets $0.00 $0.00 $0.00
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $20.22K $19.27K $16.72K
YoY Change 64.12% 53.07%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $20.22K $19.27K $33.07K
YoY Change -18.37% 86.6%
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $28.67K $21.02K $16.35K
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $20.22K $19.27K $33.07K
Total Long-Term Liabilities $28.67K $21.02K $16.35K
Total Liabilities $48.89K $40.28K $33.07K
YoY Change 97.36% 86.6%
SHAREHOLDERS EQUITY
Retained Earnings -$134.9K -$126.3K -$119.1K
YoY Change 21.77% 14.79%
Common Stock $5.600K $5.600K $5.600K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$48.89K -$40.28K -$33.07K
YoY Change
Total Liabilities & Shareholders Equity $0.00 $0.00 $0.00
YoY Change

Cashflow Statement

Concept 2024 Q2 2024 Q1 2023 Q4
OPERATING ACTIVITIES
Net Income -$8.605K -$7.216K
YoY Change 126.45% 122.03%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$4.666K
YoY Change 12.43%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities $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 $4.666K
YoY Change 12.43%
NET CHANGE
Cash From Operating Activities -$4.666K
Cash From Investing Activities $0.00
Cash From Financing Activities $4.666K
Net Change In Cash $0.00
YoY Change
FREE CASH FLOW
Cash From Operating Activities -$4.666K
Capital Expenditures
Free Cash Flow
YoY Change

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<p style="font:10pt Times New Roman;margin:0;margin-left:0.35pt;margin-right:0.35pt;text-align:justify"><b>NOTE 1 - ORGANIZATION AND NATURE OF BUSINESS</b></p> <p style="font:10pt Times New Roman;margin:0;margin-left:0.35pt;margin-right:0.35pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:0.35pt;margin-right:0.35pt;text-align:justify">TipMeFast, Inc.  (“the Company”, “we”, “us” or “our”) was incorporated on December 5, 2017 in the State of Nevada. The Company was created to be the simplest way to get paid or pay anyone from a mobile device. With this application you can pay a bartender, barista, server, musician, valet attendant, concierge, traveling pet groomer, nail technician or pool service but have no cash. The Company is a solution to pay and to get paid without exchanging personal information.</p> <p style="font:10pt Times New Roman;margin:0;margin-left:0.35pt;margin-right:0.35pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:0.35pt;margin-right:0.35pt;text-align:justify">Our executive offices are located at HaShmura St. 1, ZihronYa’akov, Israel.</p>
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