2024 Q3 Form 10-Q Financial Statement
#000139390524000285 Filed on August 14, 2024
Income Statement
Concept | 2024 Q3 | 2024 Q2 |
---|---|---|
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 | -$6.352K | -$8.605K |
YoY Change | 67.16% | 126.45% |
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 |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2024 Q3 | 2024 Q2 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | ||
YoY Change | ||
Cash & Equivalents | $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 |
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 |
YoY Change | ||
TOTAL ASSETS | ||
Total Short-Term Assets | $0.00 | $0.00 |
Total Long-Term Assets | $0.00 | $0.00 |
Total Assets | $0.00 | $0.00 |
YoY Change | ||
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $22.52K | $20.22K |
YoY Change | 54.04% | 64.12% |
Accrued Expenses | ||
YoY Change | ||
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | ||
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $22.52K | $20.22K |
YoY Change | -21.18% | -18.37% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | ||
YoY Change | ||
Other Long-Term Liabilities | ||
YoY Change | ||
Total Long-Term Liabilities | $32.72K | $28.67K |
YoY Change | ||
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $22.52K | $20.22K |
Total Long-Term Liabilities | $32.72K | $28.67K |
Total Liabilities | $55.24K | $48.89K |
YoY Change | 93.34% | 97.36% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$141.3K | -$134.9K |
YoY Change | 23.27% | 21.77% |
Common Stock | $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 | -$55.24K | -$48.89K |
YoY Change | ||
Total Liabilities & Shareholders Equity | $0.00 | $0.00 |
YoY Change |
Cashflow Statement
Concept | 2024 Q3 | 2024 Q2 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$6.352K | -$8.605K |
YoY Change | 67.16% | 126.45% |
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
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
dei |
Document Type
DocumentType
|
10-Q | ||
dei |
Document Quarterly Report
DocumentQuarterlyReport
|
true | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2024-06-30 | ||
dei |
Document Transition Report
DocumentTransitionReport
|
false | ||
dei |
Entity File Number
EntityFileNumber
|
000-56347 | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
TIPMEFAST, INC. | ||
dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
NV | ||
dei |
Entity Tax Identification Number
EntityTaxIdentificationNumber
|
83-4057513 | ||
dei |
Entity Address Address Line1
EntityAddressAddressLine1
|
HaShnura St 1 | ||
dei |
Entity Address City Or Town
EntityAddressCityOrTown
|
Zihron Ya’akow | ||
dei |
Entity Address Country
EntityAddressCountry
|
IL | ||
dei |
Entity Address Postal Zip Code
EntityAddressPostalZipCode
|
30950 | ||
dei |
City Area Code
CityAreaCode
|
972 | ||
dei |
Local Phone Number
LocalPhoneNumber
|
373-70057 | ||
dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | ||
dei |
Entity Interactive Data Current
EntityInteractiveDataCurrent
|
No | ||
dei |
Entity Filer Category
EntityFilerCategory
|
Non-accelerated Filer | ||
dei |
Entity Small Business
EntitySmallBusiness
|
true | ||
dei |
Entity Emerging Growth Company
EntityEmergingGrowthCompany
|
false | ||
dei |
Entity Shell Company
EntityShellCompany
|
false | ||
CY2024Q3 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
5600000 | shares |
CY2024Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
0 | usd |
CY2023Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
0 | usd |
CY2024Q2 | us-gaap |
Assets Current
AssetsCurrent
|
0 | usd |
CY2023Q4 | us-gaap |
Assets Current
AssetsCurrent
|
0 | usd |
CY2024Q2 | us-gaap |
Assets
Assets
|
0 | usd |
CY2023Q4 | us-gaap |
Assets
Assets
|
0 | usd |
CY2024Q2 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
20220 | usd |
CY2023Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
16715 | usd |
CY2024Q2 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
20220 | usd |
CY2023Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
16715 | usd |
CY2024Q2 | us-gaap |
Notes Payable
NotesPayable
|
28666 | usd |
CY2023Q4 | us-gaap |
Notes Payable
NotesPayable
|
16350 | usd |
CY2024Q2 | us-gaap |
Liabilities Noncurrent
LiabilitiesNoncurrent
|
28666 | usd |
CY2023Q4 | us-gaap |
Liabilities Noncurrent
LiabilitiesNoncurrent
|
16350 | usd |
CY2024Q2 | us-gaap |
Liabilities
Liabilities
|
48886 | usd |
CY2023Q4 | us-gaap |
Liabilities
Liabilities
|
33065 | usd |
CY2024Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2023Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2024Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
75000000 | shares |
CY2023Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
75000000 | shares |
CY2024Q2 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
5600000 | shares |
CY2023Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
5600000 | shares |
CY2024Q2 | us-gaap |
Common Stock Value
CommonStockValue
|
5600 | usd |
CY2023Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
5600 | usd |
CY2024Q2 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
80415 | usd |
CY2023Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
80415 | usd |
CY2024Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-134901 | usd |
CY2023Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-119080 | usd |
CY2024Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-48886 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-33065 | usd |
CY2024Q2 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
0 | usd |
CY2023Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
0 | usd |
CY2024Q2 | us-gaap |
Revenues
Revenues
|
0 | usd |
CY2023Q2 | us-gaap |
Revenues
Revenues
|
0 | usd |
us-gaap |
Revenues
Revenues
|
0 | usd | |
us-gaap |
Revenues
Revenues
|
0 | usd | |
CY2024Q2 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
2205 | usd |
CY2023Q2 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
2000 | usd |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
5041 | usd | |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
4000 | usd | |
CY2024Q2 | us-gaap |
Professional Fees
ProfessionalFees
|
6400 | usd |
CY2023Q2 | us-gaap |
Professional Fees
ProfessionalFees
|
1800 | usd |
us-gaap |
Professional Fees
ProfessionalFees
|
10780 | usd | |
us-gaap |
Professional Fees
ProfessionalFees
|
3050 | usd | |
CY2024Q2 | us-gaap |
Operating Costs And Expenses
OperatingCostsAndExpenses
|
8605 | usd |
CY2023Q2 | us-gaap |
Operating Costs And Expenses
OperatingCostsAndExpenses
|
3800 | usd |
us-gaap |
Operating Costs And Expenses
OperatingCostsAndExpenses
|
15821 | usd | |
us-gaap |
Operating Costs And Expenses
OperatingCostsAndExpenses
|
7050 | usd | |
CY2024Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-8605 | usd |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-3800 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-15821 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-7050 | usd | |
CY2024Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0 | |
CY2023Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0 | ||
CY2024Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
5600000 | shares |
CY2023Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
5600000 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
5600000 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
5600000 | shares | |
CY2022Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
-17720 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-3250 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
-20970 | usd |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-3800 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
-24770 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
-33065 | usd |
CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-7216 | usd |
CY2024Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
-40281 | usd |
CY2024Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-8605 | usd |
CY2024Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
-48886 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-15821 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-7050 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
3505 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
1400 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-12316 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-5650 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
0 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
0 | usd | |
us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
12316 | usd | |
us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
5650 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
12316 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
5650 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
0 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
0 | usd | |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
0 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
0 | usd |
CY2024Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
0 | usd |
CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
0 | usd |
us-gaap |
Interest Paid
InterestPaid
|
0 | usd | |
us-gaap |
Interest Paid
InterestPaid
|
0 | usd | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
0 | usd | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
0 | usd | |
us-gaap |
Nature Of Operations
NatureOfOperations
|
<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> | ||
CY2024Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
0 | usd |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font:10pt Times New Roman;margin:0;margin-left:0.35pt;margin-right:0.35pt;text-align:justify"><span style="border-bottom:1px solid #000000">Use of Estimates</span></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">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 the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p> | ||
CY2024Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
75000000 | shares |
CY2024Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2017 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
3000000 | shares |
CY2017 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
21000 | usd |
CY2018 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
1170000 | shares |
CY2018 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
29250 | usd |
CY2019 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
1430000 | shares |
CY2019 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
35750 | usd |
CY2019 | fil |
Excess Subscription Received
ExcessSubscriptionReceived
|
35 | usd |
CY2024Q2 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
5600000 | shares |
CY2023Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
5600000 | shares |
CY2024Q2 | us-gaap |
Business Acquisition Percentage Of Voting Interests Acquired
BusinessAcquisitionPercentageOfVotingInterestsAcquired
|
1 | pure |
us-gaap |
Business Acquisition Equity Interests Issued Or Issuable Number Of Shares Issued
BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued
|
10000000 | shares | |
CY2021 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
1000 | usd |
CY2022 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
5800 | usd |
CY2023Q1 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
4150 | usd |
CY2023Q2 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
1500 | usd |
CY2023Q3 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
1500 | usd |
CY2023Q4 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
2400 | usd |
CY2024Q1 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
4666 | usd |
CY2024Q2 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
7650 | usd |
CY2024Q2 | us-gaap |
Notes Payable
NotesPayable
|
28666 | usd |
CY2023Q4 | us-gaap |
Notes Payable
NotesPayable
|
16350 | usd |